james16 Chart Thread | Page 311 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Where can I learn more about Price Action like those in James16 charts? 9 replies

Attachments: james16 Chart Thread
Exit Attachments

james16 Chart Thread

  • #6,201
  • Sep 20, 2007 2:05pm Sep 20, 2007 2:05pm
Quoting Tiki Trader
I did wait for break of PB on eur/cad... but still went against me.. but then someone else here this morning mentioned about PPZ just above the eur/cad PB
I am going to study PPZs this afternoon and start to make more headway there...
For me it was a combination of factors that made me hold the short trade, even when it looked as if it was going to break free. If you read my post again, I mention the PPZ (but position can sometimes be subjective), but combined with the cluster of Fibs drawn from all the main previous highs, I never really felt threatened.
Good to study the PPZs more, I can feel the difference in my trading over the last few weeks since I went back over all of Jim's videos.
  • #6,202
  • Sep 20, 2007 2:13pm Sep 20, 2007 2:13pm
Quoting razldazl
You kill me tiki! Well that plan didnt work, so on to plan b..forget all the ifs and buts it just didnt work, NEXT! Maybe usdjpy is going to give us a weekly pin, off the 150 and 365 ema no less, now that may be a goodie! Lets see! And Racs swissy isnt a bad option either ...lets see what comes of that, come on buck up get back on the horse!
Steve, Tiki,
We all dropped quite a few pips today ho hum...and I swore I would not trade CAD have never had much luck of this one......anyway you chaps have made me feel better ........and stay lucky

Razldazl, lets hope your right mate....we could do with some pips in the bag...!!!
  • #6,203
  • Sep 20, 2007 2:14pm Sep 20, 2007 2:14pm
Yes I can see where there may be a PB forming on usd/jpy... except if it does end up as some kind of PB... it will be well down compared to the previous candle... and at this point I am getting very skeptical of PBs that arent so perfect... like last nights eur/cad...

I do however like the swiss 4 hr PB... and I am thinking about that one...


Quoting razldazl
You kill me tiki! Well that plan didnt work, so on to plan b..forget all the ifs and buts it just didnt work, NEXT! Maybe usdjpy is going to give us a weekly pin, off the 150 and 365 ema no less, now that may be a goodie! Lets see! And Racs swissy isnt a bad option either ...lets see what comes of that, come on buck up get back on the horse!
Attached Image
  • #6,204
  • Sep 20, 2007 2:16pm Sep 20, 2007 2:16pm
Okay, since the last drop didn't exactly go all the way as planned (darned PB on TL after Fed emergency 50bps discount cut Friday!), here's a second try ;p

This time it's either all or nothing!

Let's see whether this spooky scenario unfolds for real or not...if anyone needs a good FX pair to correlate - look no further than CADJPY ;p

Best seat in the house right now if you ask me...since everyone of the "analysts" is screaming "best sell EVURRRR" I am bracing myself for a very hard rally up eventually

And USDCAD up means CADJPY down...unless USDJPY rallies it's butt off...anyone seeing that happen? Anyone.....any takers...long USDJPY....come on....anyone....

Yea. Well, nothing's impossible.

So far it's all just mad rantings, but boy, wouldn't it be NICE to be in the next run from the top....gotta be a bit mad sometimes, gotta be a bit mad....dare to dream =)

Otherwise - it'll just be a mad chart...soon forgotten =)

What's it to do with PA? Well, nothing big yet. The USDJPY IB break would be helped by this. Or the EURJPY one. And so forth...but the market is still feeling very whacky to me...I mean, exotics higher, but USDJPY destroyed...meantime, major USD selloff...humzz....All getting a bit mysterious...

Looking for good setups, looking for good setups...hey Razl, I'm still trying to catch tops...man...everyone's gotten ahead of me...


Just something to laugh at..here's the chart. I expect new highs tomorrow now that I've posted this
Attached Image (click to enlarge)
Click to Enlarge Name: s&p_200907_hmz.gif Size: 24 KB
Trust price. Know yourself.
  • #6,205
  • Sep 20, 2007 2:21pm Sep 20, 2007 2:21pm
OK, here is chart of 4 hr chf... my idea of PPZs and fibs... gives me a profit target of maybe 1.1797. Lots of confluence there... two fibs and s/r...

Am I analysing better here ???
Attached Image
  • #6,206
  • Sep 20, 2007 2:23pm Sep 20, 2007 2:23pm
usd/chf zoomed out a bit more.
Attached Image
  • #6,207
  • Sep 20, 2007 2:24pm Sep 20, 2007 2:24pm
Quoting Tiki Trader
Yes I can see where there may be a PB forming on usd/jpy... except if it does end up as some kind of PB... it will be well down compared to the previous candle... and at this point I am getting very skeptical of PBs that arent so perfect... like last nights eur/cad...

I do however like the swiss 4 hr PB... and I am thinking about that one...
You're gonna hate me for posting this

Not saying anything, but every rise has this TL to consider if it wants to go anywhere on USDJPY.


Always be picky about PBs - Mike sets the standard!


Look at the swissy daily bar, measure the 4h, measure daily...look at EURUSD...are you feeling pro or anti USD now?

Not trying to talk you out of or into anything...just saying...market's gone done crazy USD dumping...why the wish to buy it on 4h setups if everything from daily to weekly is extremely anti-USD....just my thoughts, no offense meant =)

Market could be minutes to hours away from proving me completely wrong every time I post


Everything finds it's end sometime. I'd just rather see a pretty darn large sign of that happening before putting money on it first though here
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy_200907_tl_.gif Size: 24 KB
Trust price. Know yourself.
  • #6,208
  • Sep 20, 2007 2:36pm Sep 20, 2007 2:36pm
Quoting SeekingLight

..
Let's see whether this spooky scenario unfolds for real or not...if anyone needs a good FX pair to correlate - look no further than CADJPY ;p

Best seat in the house right now if you ask me...since everyone of the "analysts" is screaming "best sell EVURRRR" I am bracing myself for a very hard rally up eventually

And USDCAD up means CADJPY down...unless USDJPY rallies it's butt off...anyone seeing that happen? Anyone.....any takers...long USDJPY....come on....anyone....
..
C\J
Attached Image
  • #6,209
  • Sep 20, 2007 2:42pm Sep 20, 2007 2:42pm
Gosh so much to think about... and all I was, was feeling PinBarish ( again !! )

I feel USD negative........................ so gonna think more about this one (chf)

Almost same set up as last nights usd/cad... hmmmmm that sure brings back memories...!!!

Think Tiki Think


Quoting SeekingLight
You're gonna hate me for posting this

Not saying anything, but every rise has this TL to consider if it wants to go anywhere on USDJPY.


Always be picky about PBs - Mike sets the standard!


Look at the swissy daily bar, measure the 4h, measure daily...look at EURUSD...are you feeling pro or anti USD now?

Not trying to talk you out of or into anything...just saying...market's gone done crazy USD dumping...why the wish to buy it on 4h setups if everything from daily to weekly is extremely anti-USD....just my thoughts, no offense meant =)

Market could be minutes to hours away from proving me completely wrong every time I post


Everything finds it's end sometime. I'd just rather see a pretty darn large sign of that happening before putting money on it first though here
  • #6,210
  • Sep 20, 2007 2:46pm Sep 20, 2007 2:46pm
Quoting raczekfx
C\J



On my chart I have a 2x4h PB right in traffic which has already done your favorite .618 retrace. Would be a second daily doji in a row, but that's still 3 hours away I think.

It's at FE 100 from the lows(could be that's just a bit of resistance) and the high was rejected by .768 of the whole drop(again - could just be temporary).

I'm skeptical, of course, but it looks a lot like what GBPUSD did right before it fell back to near the lows. Just saying. Not advocating anything.
Trust price. Know yourself.
  • #6,211
  • Sep 20, 2007 2:46pm Sep 20, 2007 2:46pm
Hi all,

I'm convinced I've read every post numerous times but I've missed what PPZ is?

Any explanations appreciated or is it a PF thing?

Cheers
Colin.
Enter Signature
  • #6,212
  • Sep 20, 2007 2:50pm Sep 20, 2007 2:50pm
Quoting cologg
Hi all,

I'm convinced I've read every post numerous times but I've missed what PPZ is?

Any explanations appreciated or is it a PF thing?

Cheers
Colin.
Support and resistance areas
  • #6,213
  • Sep 20, 2007 2:51pm Sep 20, 2007 2:51pm
Quoting raczekfx
Simpy speaking it is just support and resistance area drawn on charts as a horizontal line
If I could type faster, and/or didn't bother to proof my posts, I could have got my reply in first
  • #6,214
  • Sep 20, 2007 3:05pm Sep 20, 2007 3:05pm
Quoting PeterFM
If I could type faster, and/or didn't bother to proof my posts, I could have got my reply in first
Sorry Pete, I saw you type... but you kept on pressing.... 'backspace'
I let you be The first..
  • #6,215
  • Sep 20, 2007 3:47pm Sep 20, 2007 3:47pm
Quoting raczekfx
Just now realized the USDCHF setup came from you, great, now I'm scared for my remaining USDCHF shorts, well done

Hmmmmmz, could we be at the end of the tunnel...is the USD alive and kicking....will Harry meet Sally...



btw, @cologg - PPZs are explained more in depth in the PF, yes

I try to just use the term s/r most of the time since PPZ is a revered term for me, bit like reserved for someone who can actually find them(those that work at least that is )..



Also - I am watching Kiwi vewy, vewy closely.

Tiki - I apologize, I'm starting to get infected....AUDUSD 4h mini-PB, USDCHF mini-PB....USDCAD mini-PB...I'm starting to gulp!

But then again....they all hapened after London....so heck...I dunno....beat me blue and call me charlie, I'm back off into my corner...
Trust price. Know yourself.
  • #6,216
  • Sep 20, 2007 3:59pm Sep 20, 2007 3:59pm
Quoting raczekfx
Sorry Pete, I saw you type... but you kept on pressing.... 'backspace'
I let you be The first..
  • #6,217
  • Edited 3:23am Sep 21, 2007 2:58am | Edited 3:23am
Quoting SeekingLight
Okay, since the last drop didn't exactly go all the way as planned (darned PB on TL after Fed emergency 50bps discount cut Friday!), here's a second try ;p

This time it's either all or nothing!

Let's see whether this spooky scenario unfolds for real or not...if anyone needs a good FX pair to correlate - look no further than CADJPY ;p

Best seat in the house right now if you ask me...since everyone of the "analysts" is screaming "best sell EVURRRR" I am bracing myself for a very hard rally up eventually

And USDCAD up means CADJPY down...unless USDJPY rallies it's butt off...anyone seeing that happen? Anyone.....any takers...long USDJPY....come on....anyone....

Yea. Well, nothing's impossible.

So far it's all just mad rantings, but boy, wouldn't it be NICE to be in the next run from the top....gotta be a bit mad sometimes, gotta be a bit mad....dare to dream =)

Otherwise - it'll just be a mad chart...soon forgotten =)

What's it to do with PA? Well, nothing big yet. The USDJPY IB break would be helped by this. Or the EURJPY one. And so forth...but the market is still feeling very whacky to me...I mean, exotics higher, but USDJPY destroyed...meantime, major USD selloff...humzz....All getting a bit mysterious...

Looking for good setups, looking for good setups...hey Razl, I'm still trying to catch tops...man...everyone's gotten ahead of me...


Just something to laugh at..here's the chart. I expect new highs tomorrow now that I've posted this
Ok Seeking,
call me crazy, but your comment about jappy has made me very very wary of selling now, ITS TRUE who in their right mind would buy jappy now? And yet, isnt that how it always goes? The herd mentality and all that...just for a joke I have put in a teeny weeny micro mini long, because I am a very sick individual and I have to see its not going to work...and because its teeny weeny mini micro means it will probly take off and make a zillion pips jeesh you cant win ehhhh, take care all, Raz
Never say never.
  • #6,218
  • Sep 21, 2007 3:27am Sep 21, 2007 3:27am
Quoting razldazl
Ok Seeking,
call me crazy, but your comment about jappy has made me very very wary of selling now, ITS TRUE who in their right mind would buy jappy now? And yet, isnt that how it always goes? The herd mentality and all that...just for a joke I have put in a teeny weeny micro mini long, because I am a very sick individual and I have to see its not going to work...and because its teeny weeny mini micro means it will probly take off and make a zillion pips jeesh you cant win ehhhh, take care all, Raz
I like your contrarian style

A true market mover you are indeed, +100 pips off the low over night

Let's see the weekly close =)

It fell too far for a PB, sadly, so now it's prolly a doji unless one side runs away today...not cool. No direction.
Trust price. Know yourself.
  • #6,219
  • Edited 5:43am Sep 21, 2007 5:18am | Edited 5:43am
Since I posted so much BS the last few posts I'd like to make up for it with a nice TL aided chart that shows why it pays to wait for these situations on the big picture.

I only put in 3 setups, but it's mostly to give an idea of where one can look for PA(and where price might stall). I'm sure there were still more along these TLs.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf_210907_tls_alone.gif Size: 20 KB
Trust price. Know yourself.
  • #6,220
  • Sep 21, 2007 6:10am Sep 21, 2007 6:10am
Quoting SeekingLight
Tiki - I apologize, I'm starting to get infected....AUDUSD 4h mini-PB, USDCHF mini-PB....USDCAD mini-PB...I'm starting to gulp!
...

You know, the comment about micro PBs or mini PB really got me to thinking... cause on my charts, I can actually make them look really big...

I tend to make my charts with big candles and zoomed in etc because of my eyesight which is not so great...

I will have to put more attention to this...

And I too tend to be like raz... just 'cause' it's a PB, I will put at least a micro mini trade on it just for the heck of it... But, because of what you said yesterday... I did not take the chf 4 hr PB... I see it may have fired off at this point... but will it get far ?? I am not so sure... And also my principle rule is... I don't do 4 hr... heck, I still can't get daily right...
20 traders viewing now