james16 Chart Thread | Page 330 | 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

  • #6,581
  • Edited 7:58pm Sep 27, 2007 7:30pm | Edited 7:58pm
OH... !! Sorry I am still working on Tuesday's candles !!!

Quoting SeekingLight
Probably the part where I wrote "yesterday"


@Unforeseen / mamutot:

What my mind would be doing is:

Hm, theres a 1h PB during the 2-4 dead hours between NY close and Asia...the daily bar will close as a bullish bar in 90 minutes here(albeit right at/below s/r), the 1h PB is 33 pips big on the pair that is GBPCHF, the daily bar being 270 pips(less than 13% of the daily bar if my head math serves me right).

USDCHF is closing near today's high, GBPUSD is near today's high. Both BUBs so far. GBPCHF is GBPUSDxUSDCHF.

Is this 1h PB short GBPCHF something worth putting real money on?

And raczekfx would probably think:

Cool, that 1h PB at the place I've been waiting for, time to show SL what's what!
  • #6,582
  • Sep 27, 2007 8:22pm Sep 27, 2007 8:22pm
Quoting raczekfx
... wouldn't that be a beauty if we got that last bar over the next 2-3 hours...?
Apologies for that top here at 2.3449....
G/J actually hit 2.3458. Got a get a better 'future' feed....
Attached Image
  • #6,583
  • Sep 27, 2007 8:36pm Sep 27, 2007 8:36pm
Quoting raczekfx
Apologies for that top here at 2.3449....
G/J actually hit 2.3458. Got a get a better 'future' feed....
I got in at 234.12, but not after getting stopped out earlier for a small loss.
  • #6,584
  • Edited 9:47pm Sep 27, 2007 8:36pm | Edited 9:47pm
Quoting raczekfx
...and gbp/chf
... and this one. It came short by 6pips..
Sometimes you just have to trigger manually

oh, before I forget. It's not 1hr scalping.... but well thought trigger off dailies.
Attached Image
  • #6,585
  • Sep 27, 2007 8:52pm Sep 27, 2007 8:52pm
Quoting HipsterPipster
I got in at 234.12, but not after getting stopped out earlier for a small loss.
If you traded it off daily support you should still be in the trade HP..

Stay on daily folks, don't try to get rich quickly on small TF.

With an exception of few individuals ..., you will be much better off trading that daily time frame. I've been there for 12 years, but first 8 were very, very painful.. (I wish FF was there for me then.. )
Since Nov 2006, I had few months with over 1000ps scalping 4 and 1hr TF, but nothing makes me happier than 3-4 good trades a month worth 400ps.
That gives me enough time to enjoy my kids and life...!
Trade and be happy.
Cheers for now
  • #6,586
  • Sep 27, 2007 8:56pm Sep 27, 2007 8:56pm
Quoting raczekfx
If you traded it off daily support you should still be in the trade HP..

Stay on daily folks, don't try to get rich quickly on small TF.

With an exception of few individuals ..., you will be much better off trading that daily time frame. I've been there for 12 years, but first 8 were very, very painful.. (I wish FF was there for me then.. )
Since Nov 2006, I had few months with over 1000ps scalping 4 and 1hr TF, but nothing makes me happier than 3-4 good trades a month worth 400ps.
That gives me enough time to enjoy my kids and life...!
Trade and be happy.
Cheers for now
Yes, I am still in it and played it off of the top PZ we ran into. I am looking for deep, and am at BE. I am live.
  • #6,587
  • Sep 27, 2007 8:57pm Sep 27, 2007 8:57pm
You mean I have 5 more years of classes to go ??? Ay Dios mio !!! And so far you might say I am only getting a C average >>>


Quoting raczekfx
If you traded it off daily support you should still be in the trade HP..

Stay on daily folks, don't try to get rich quickly on small TF.

With an exception of few individuals ..., you will be much better off trading that daily time frame. I've been there for 12 years, but first 8 were very, very painful.. (I wish FF was there for me then.. )
Since Nov 2006, I had few months with over 1000ps scalping 4 and 1hr TF, but nothing makes me happier than 3-4 good trades a month worth 400ps.
That gives me enough time to enjoy my kids and life...!
Trade and be happy.
Cheers for now
  • #6,588
  • Sep 27, 2007 9:03pm Sep 27, 2007 9:03pm
Quoting Tiki Trader
You mean I have 5 more years of classes to go ??? Ay Dios mio !!! And so far you might say I am only getting a C average >>>
It depends on you. Your future is only in your hands...only in your hands! You have much better tools today then 12 years ago.....
...and I'm sure, you haven't drawn charts on paper and adjusted emas at the end of the day by hand....
  • #6,589
  • Sep 27, 2007 10:11pm Sep 27, 2007 10:11pm
Quoting SeekingLight
You seem to be someone who in turn then says "good riddance, that's their own responsibility" and I agree - to a point.
I just believe one doesn't have to additionally "help them along" if one can avoid it. Lord knows I'm guilty of having probably done so unwittingly tons of times in my own past.

I'm trying my best not to do this.(I'd feel responsible - and this is where our difference in perspective lies in I believe)
Yes, our perspective differs here..

Quoting SeekingLight
In closing...
I find it odd how a post of mine which I personally perceived so clear and quite differentiating ends up as a "blanket statement" and "lemming mentality"...

Apologies either way if you felt I offended you. We just have different perspectives on things while basically agreeing on most of the core points I guess..
Yes, that's the way perceptions work--we all perceive ourselves and what we say differently from how others perceive it. That's just life I suppose. You didn't offend me, I just wanted to make myself clear--I am often to the point and don't beat around the bush, so I could understand how just reading my words would seem to indicate that. But no worries, differences or not, we are all after the same basic things here and that's what matters.
  • #6,590
  • Sep 28, 2007 12:18am Sep 28, 2007 12:18am
Quoting HipsterPipster
Yes, I am still in it and played it off of the top PZ we ran into. I am looking for deep, and am at BE. I am live.
Added to this position at 232.99 after price was rejected off the fib 23.6 and prior PZ 233.40. This lot is now also protected at BE. Price needs to penetrate fib 38.2 which is also slight PZ at 232.71.
Dion
  • #6,591
  • Sep 28, 2007 1:47am Sep 28, 2007 1:47am
Closed all positions. Pips>100 banked on the short.
  • #6,592
  • Sep 28, 2007 1:56am Sep 28, 2007 1:56am
Quoting raczekfx
... I thought you'd know me better by now SL .. and I didn't post those chf/gbp, g/j and other charts for fun....

I'm a 'touch' man.
e.g. 2.3810 was long TP and trigger for short at the same time (check the same chart in my journal for clues)..... oh I see now, there is also 1hr pb now..

all right, a quick look at u/j, e/j, g/j and back to a cellar... Ice wine is almost ready.
You seem to have a habit of 'touching' in all the right places.

hahaha
  • #6,593
  • Sep 28, 2007 2:59am Sep 28, 2007 2:59am
Quoting Mr demark
and if u treat your demo like that, then u will do the same on the live. trust me. makes no sense do it with demo if u dont think it is worth it.
what do you mean by that?? i really don't understnad - do you mean that by taking that trade on demo - i would have taken it on the live account??

so what is demo for???

isnt it to make mistakes? isn't it to take a trade - which you are not quite sure about to risk real money and see what can you do to make it a good trade? i think that it was yesterday that some one posted about 2 traders that were forced to take same entry prices - opposite directions and made money, why? because of their experience - i think they have made few mistakes along the years..., didnt they?

well - my tuition is to take that trade on demo, while actually being affraid to lose 1% on that - after gaining it the previous day, and i still took it, why? so i can learn - i did make some profit there - i am not sure that the next time i will even enter - because i am not that good in those tf - i am practicing.


now - if all you meant was - good for taking it, then ,sorry
i told you - i didnt understand what you were saying..
  • #6,594
  • Sep 28, 2007 3:16am Sep 28, 2007 3:16am
Long at 233.00. Intermediate PZ around 232.40 where price was rejected and formed a PB on the 1hr. Currently at BE. Developed into a nice 4hr PB and depending on news could end finishing the day nice with a daily PB that also would be a weekly PB. Wishfull thinking, PB here, a PB there, everywhere a PB. I should probably sleep.
Dion
  • #6,595
  • Sep 28, 2007 3:17am Sep 28, 2007 3:17am
Quoting raczekfx
... I thought you'd know me better by now SL .. and I didn't post those chf/gbp, g/j and other charts for fun....

I'm a 'touch' man.
Your wife must be one happy gal indeed!

Quote
e.g. 2.3810 was long TP and trigger for short at the same time (check the same chart in my journal for clues)..... oh I see now, there is also 1hr pb now..
"He's got that magic touch"
Quote
all right, a quick look at u/j, e/j, g/j and back to a cellar... Ice wine is almost ready.
I am deeply humbled and always amazed how well you can do these things. Have been since I first saw your posts here.


Enjoy the wine =)
Trust price. Know yourself.
  • #6,596
  • Sep 28, 2007 3:35am Sep 28, 2007 3:35am
This is why I am so loathe to short GBPUSD. No, it hasn't broken above 2.03 yet, and no, there isn't a lot of room today to move up due to the old TL underside as well. It might actually end up bumpy, not sure.

But all three of GU GJ and GC made a 4h PB at the same time(after a 1h PB as well) on this spot here(missed the 1h PB, that woulda been one I woulda taken for several reasons since I was expecting a dip back before trying to break that TL, so really because it is my current plan).

Trouble is, the PB wasn't after such a big fall, so I don't know how much juice we'll get from it. But you got to dare to dream...
Attached Images
Trust price. Know yourself.
  • #6,597
  • Sep 28, 2007 3:44am Sep 28, 2007 3:44am
Speaking of dreaming. I guess after "Northern Rock" this must look like a lunatic's work, but I wouldn't constantly be going long if I didn't think there'd be at least a slim chance of this happening.

IF the TL goes. IF we move above the lower blue marked FE .618 area. IF we don't get another great stock market crash. IF EURGBP gives back some more. IF....well you get the idea.
Attached Image
Trust price. Know yourself.
  • #6,598
  • Sep 28, 2007 3:45am Sep 28, 2007 3:45am
Quoting SeekingLight
This is why I am so loathe to short GBPUSD. No, it hasn't broken above 2.03 yet, and no, there isn't a lot of room today to move up due to the old TL underside as well. It might actually end up bumpy, not sure.

But all three of GU GJ and GC made a 4h PB at the same time(after a 1h PB as well) on this spot here(missed the 1h PB, that woulda been one I woulda taken for several reasons since I was expecting a dip back before trying to break that TL, so really because it is my current plan).

Trouble is, the PB wasn't after such a big fall, so I don't know how much juice we'll get from it. But you got to dare to dream...
That is a beautiful PB on the GU 4hr. With all this long pressure, we may get a blow out of this uppper PZ for the GUJ. GJ price is pushing hard 234.
  • #6,599
  • Sep 28, 2007 3:49am Sep 28, 2007 3:49am
Quoting SeekingLight
Speaking of dreaming. I guess after "Northern Rock" this must look like a lunatic's work, but I wouldn't constantly be going long if I didn't think there'd be at least a slim chance of this happening.

IF the TL goes. IF we move above the lower blue marked FE .618 area. IF we don't get another great stock market crash. IF EURGBP gives back some more. IF....well you get the idea.
I just read that a low US PI would almost be certain cause for another US Interest drop, causing stocks, metals..... and such, up.
  • #6,600
  • Sep 28, 2007 4:21am Sep 28, 2007 4:21am
Quoting HipsterPipster
That is a beautiful PB on the GU 4hr. With all this long pressure, we may get a blow out of this uppper PZ for the GUJ. GJ price is pushing hard 234.
You just jinxed this...seriously

I can't believe how you did that
23 traders viewing now