james16 Chart Thread | Page 397 | 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

  • #7,921
  • Nov 30, 2007 8:21am Nov 30, 2007 8:21am
Quoting moneybags
I have never played a Pin when it breaks on the opposite side of where it's pointing. That's just me though.

To answer your question, most people would consider a pin bar invalid after price broke the opposite side (nose). Personally, I agree with this thinking. Once price has gone in the opposite direction, it tells us that the pin bar wasnt a good one for whatever reason. Entering the break of it after prices comes back wouldnt be a good entry for me.

Hope that helps a little,
Tom
I found quite a lot of PIN BAR that if the market move into the opposite side (nose). It turn out to be a good.
See picture for example.
Any way this is just my 2 cents
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USD-JPY.jpg Size: 235 KB
Click to Enlarge Name: EUR-USD 1.jpg Size: 457 KB
Click to Enlarge Name: EUR-USD 2.jpg Size: 458 KB
  • #7,922
  • Nov 30, 2007 8:51am Nov 30, 2007 8:51am
Hey tiki... do you think you could explain a little about how the triangles you posted work? sorry if it is common knowledge i am still a newbie
  • #7,923
  • Nov 30, 2007 9:15am Nov 30, 2007 9:15am
Hmmmm, looks like this week almost as same as what happen in late august.
There are 2 opposite PIN BAR near each other.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-USD.jpg Size: 467 KB
  • #7,924
  • Nov 30, 2007 9:21am Nov 30, 2007 9:21am
Quoting ianf0ster
Hi,
Any thoughts on this one. Looks worth a shot for either direction to me.

Ian
Hey Ian,

I see this setup still valid. Next week we could see a nice PA to go long after a break and a pullback to 1.000. Who knows.

I missed the first breakout as IB (red arrow) on 4h chart. After that a PB + BuOB (yellow arrow, in traffic) formed under the resistance .9900. I took this trade at .9910 with a confirmation of the break of the round number and closed it under the new resistance 1.000 for 69 pips.

A possible DBLHC is building now on 4h. Look at Daily, your TBH looks now as 4BH when we close like this.

kpt
Attached Image
  • #7,925
  • Nov 30, 2007 10:00am Nov 30, 2007 10:00am
Quoting jatis
I found quite a lot of PIN BAR that if the market move into the opposite side (nose). It turn out to be a good.
See picture for example.
Any way this is just my 2 cents
Sure, that happens quite a bit.
But for me personally, I don't know if playing pin bars like that without other additional reasons is a good way to enter.
Also, the pin bars you posted were all broken to the opposite side many days after and were sitting on support/resistance areas. I wouldnt say the pin bar break was a good indication for an entry.

Anyway, it's an interesting thing to look at.
It's what works for each person.

Take care,
Tom
  • #7,926
  • Nov 30, 2007 3:21pm Nov 30, 2007 3:21pm
Quoting Tiki Trader
AH yes... EUR/CHF.... broke UP after that IB... ( see seeking, I'm learning !!! ) good good good !!!! Now where's that glass of champagne... ???

But getting that pull back on EUR/USD is gonna be tough now that Bernanke unzipped again... worried about the economy and all that stuff... setting up stage to lower interest rates again no doubt... we'll be lucky if that doesn't spark off the rally to 1.5000

yeah, mr trend and I are always out back behind the barn doing forex... but he always gets higher than me !!
I have a question on break of IB.
Let's say we have a large BuB followed by an IB. Now when we say break of IB, are we meaning as soon as the high or low of the IB is broken? what if the next one is also another IB
OR should it be break of the first large BuB?

Thanks
TradeStar
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #7,927
  • Nov 30, 2007 3:24pm Nov 30, 2007 3:24pm
Oh MAN what a beautiful day !!!! I simply cannot believe I got this trade right to the line !!!! That's 1/2 % to my account right there.... chanpagne for the house tonight guys !!!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 12 KB
  • #7,928
  • Nov 30, 2007 4:05pm Nov 30, 2007 4:05pm
Tradestar

First of all... let me tell you, I am not the expert here to answer your question. Those in the know in this thread, know that I have just had a little string of luck... and I just post a lot using up everyones time...

Anyway... chart shows BUB just like you said... followed by and inside bar... Inside Bar showing consolidation or indecision..., then as you see, price broke up to continue the trend in this case... IF there had been yet another IB after the first IB... it would simply mean even more consolidation or indecision... and then a break one way or the other... trade would be taken ten or so pips AFTER the bar breaks...

Others here on this thread can explain it better to you.... and I hope they will reply to you too...

Quoting TradeStar
I have a question on break of IB.
Let's say we have a large BuB followed by an IB. Now when we say break of IB, are we meaning as soon as the high or low of the IB is broken? what if the next one is also another IB
OR should it be break of the first large BuB?

Thanks
TradeStar
Attached Image (click to enlarge)
Click to Enlarge Name: ib.gif Size: 10 KB
  • #7,929
  • Nov 30, 2007 4:11pm Nov 30, 2007 4:11pm
In my case, once again... I chalk it up to pure luck... and my luck must be coming to an end soon as I have never had a streak this long before... but lately I have been seeing triangles a lot... dream about them too ( and you would love to hear about my Pin Bar Dream the other night ) The triangles I have posted here have just popped out at me for some reason... but is just price consolidating tighter and tighter until it has to break out one way or the other...

Again... I hope others who can explain better than I will come out and and say better what I have said here...


Quoting MattL4417
Hey tiki... do you think you could explain a little about how the triangles you posted work? sorry if it is common knowledge i am still a newbie
  • #7,930
  • Nov 30, 2007 4:56pm Nov 30, 2007 4:56pm
Nice monthly pinbar. Lets see how it works. If daily trendline doesn't hold, we have a lot of room to go down.
Attached Image
  • #7,931
  • Nov 30, 2007 5:20pm Nov 30, 2007 5:20pm
Hey there, I'm a bit more of a lurker over here on the public side, but once the PF switches to the new site, I may try posting over here a bit more. Not that my posts mean much, but if I could contribute in any way, I would try. Anyway, thanks for all of the great posts to all of you. I've learned a great deal and I hope to give something back! Going along with that monthly pin that Peke posted (not quite a pin on my IBFX feed though), there seems to be a 2 week pin (2 x 1 week) or an IB on this last week's bar.
Attached Image
  • #7,932
  • Nov 30, 2007 5:29pm Nov 30, 2007 5:29pm
Here's another 2 week pin
Attached Image
  • #7,933
  • Nov 30, 2007 5:34pm Nov 30, 2007 5:34pm
Ok, finally, a 2 month pin...I actually haven't traded very many of these combination bars - I believe I learned this concept here from Mike. It'll be interesting to see what happens in the weeks/months to come.
Attached Image
  • #7,934
  • Nov 30, 2007 5:46pm Nov 30, 2007 5:46pm
At any rate... somehow I feel like EUR/USD has gone about as high as it can go for now.... it's have a hard time pushing up... so maybe the IB will break down.... although on my charts it is barely an IB...

Quoting diggsnoob
Ok, finally, a 2 month pin...I actually haven't traded very many of these combination bars - I believe I learned this concept here from Mike. It'll be interesting to see what happens in the weeks/months to come.
  • #7,935
  • Edited 9:34pm Nov 30, 2007 9:20pm | Edited 9:34pm
Oh NO... I am seeing things again... !!! Seeking says he does not believe in slanted Head & Shoulders...

Someone tell me that does not look like a Head & Shoulders... SHORT down to the trend line...with a little bounce up first off that 62 ema...????
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 13 KB
  • #7,936
  • Dec 1, 2007 7:20am Dec 1, 2007 7:20am
Hey tiki,

I don't know much about triangles but it looks like the dollar is gaining strength in all pairs in the following days so it might be worth a short espacially because the last bars look like a two day pinbar.

I am probably not going to take all of these setups but some might be worth a try. I don't want overexposure to the USD but it really looks like it will go up in the next week. Then there are a lot of two day pinbars but I have not much experience with them. For GBPJPY we have a weekly pinbar but a BEOB on the monthly chart and I've got no clue which setup is more valid.

Chris
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audnzd30.11.2007.gif Size: 24 KB
Click to Enlarge Name: eurcad30.11.2007.gif Size: 23 KB
Click to Enlarge Name: eurgbp30.11.2007_1.gif Size: 21 KB
Click to Enlarge Name: eurgbp30.11.2007_2.gif Size: 22 KB
Click to Enlarge Name: gbpjpy30.11.2007_1.gif Size: 23 KB
Click to Enlarge Name: gbpjpy30.11.2007_2.gif Size: 22 KB
Click to Enlarge Name: nzdchf30.11.2007.gif Size: 23 KB
  • #7,937
  • Dec 1, 2007 2:05pm Dec 1, 2007 2:05pm
Talking about PINBARS, here r a coupla ones which I intend 2 trade after the ideal setup occurs
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold.gif Size: 11 KB
Click to Enlarge Name: silver pb.gif Size: 8 KB
Click to Enlarge Name: gbpusd.gif Size: 11 KB
Click to Enlarge Name: gbpaud.gif Size: 18 KB
Click to Enlarge Name: audjpy.gif Size: 11 KB
Click to Enlarge Name: audnzd.gif Size: 11 KB
Click to Enlarge Name: cadchf.gif Size: 11 KB
  • #7,938
  • Dec 1, 2007 2:13pm Dec 1, 2007 2:13pm
Couldnt help Posting these 2
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurcad.gif Size: 11 KB
Click to Enlarge Name: usdcad.gif Size: 8 KB
  • #7,939
  • Dec 2, 2007 12:05am Dec 2, 2007 12:05am
Last one... though it looks more like a BUOVB....thoughts any1?
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 11 KB
  • #7,940
  • Dec 2, 2007 10:14am Dec 2, 2007 10:14am
Quoting forexnovice
Last one... though it looks more like a BUOVB....thoughts any1?
i am not certain and correct me if i am wrong, but i think buovbs are only reliable if they go with the trend, and in usdjpy it is definately a downtrend.
61 traders viewing now