james16 Chart Thread | Page 403 | 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

  • #8,041
  • Dec 5, 2007 12:08pm Dec 5, 2007 12:08pm
Quoting SeekingLight
What's completely screwed up is that GU GC GJ is dying nonetheless - even with stocks rallying their butts off.

Oh well, shrug and grin.
word is: boe will cut rates
This could be why....
  • #8,042
  • Dec 5, 2007 12:50pm Dec 5, 2007 12:50pm
Quoting raczekfx
word is: boe will cut rates
This could be why....
Yea...but this EURGBP thing has been on since November, so I think someone was expecting a shift for a month now..and today/yesterday we just entered into the next impulse..and you can see the effects

So, about the fear, indices and panic stuff - is Asia gonna love or hate the JPY, any smart guesses by anyone?

I know what I'd like to see happen across the board..but whether St. Nikolaus (6th tomorrow) will put many pips in my shoe or not, that I don't know yet..
Trust price. Know yourself.
  • #8,043
  • Dec 5, 2007 1:31pm Dec 5, 2007 1:31pm
Quoting SeekingLight
Yea...but this EURGBP thing has been on since November, so I think someone was expecting a shift for a month now..and today/yesterday we just entered into the next impulse..and you can see the effects

So, about the fear, indices and panic stuff - is Asia gonna love or hate the JPY, any smart guesses by anyone?

I know what I'd like to see happen across the board..but whether St. Nikolaus (6th tomorrow) will put many pips in my shoe or not, that I don't know yet..
Asia should love JPY....
  • #8,044
  • Dec 5, 2007 2:44pm Dec 5, 2007 2:44pm
Quoting raczekfx
Asia should love JPY....
Hm. Well the DJI close is not gonna encourage JPY buying if this goes on
Trust price. Know yourself.
  • #8,045
  • Dec 5, 2007 3:03pm Dec 5, 2007 3:03pm
Quoting SeekingLight
Hm. Well the DJI close is not gonna encourage JPY buying if this goes on
We'll have to wait and see.... it's only few hours away...

oil got cheaper today, dji i hovering around resistance.
my sell trigger is some 120ps higher from current price (13560/80)....I was hoping 300+ rally till midday and retrace, but it appears investors are betting on rate cuts and stock market recovery....:surprised
As we rapidly getting closer to Christmas, liquidity should dry out, so I expect wild swings....
  • #8,046
  • Dec 5, 2007 3:07pm Dec 5, 2007 3:07pm
Here is the way it looks like the daily is going to end with a double high lower close.....now with all the news about to come out this week do you just go ahead and put a sell stop at the bottom a little ways down and then where for a stop?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 36 KB
  • #8,047
  • Dec 5, 2007 3:11pm Dec 5, 2007 3:11pm
Quoting raczekfx
We'll have to wait and see.... it's only few hours away...

oil got cheaper today, dji i hovering around resistance.
my sell trigger is some 120ps higher from current price (13560/80)....I was hoping 300+ rally till midday and retrace, but it appears investors are betting on rate cuts and stock market recovery....:surprised
As we rapidly getting closer to Christmas, liquidity should dry out, so I expect wild swings....
Pah, it ended superstrong...yet I don't think it should change anything about USD bullishness(exception=USDCAD).
Already merrily selling Oil to hell on demo, yes

I'd like to see commodities give back quite a bit now, especially Gold and Silver as the USD gains

Stocks are just not quitting..annoying and silly.

Just like me and my cable adventure! (closed too soon)

Okay well since I'm nerve wrecked and exhausted completely I am going to go retreat now and hope the charts keep telling the truth, no matter what that stupid stock market says.

*sighs*
Trust price. Know yourself.
  • #8,048
  • Dec 5, 2007 3:23pm Dec 5, 2007 3:23pm
Quoting JimDandy
Here is the way it looks like the daily is going to end with a double high lower close.....now with all the news about to come out this week do you just go ahead and put a sell stop at the bottom a little ways down and then where for a stop?
If I were not in the trade right now, I'd simply skip it, even though it will probably slide to 1.4520 area...
Good, short entries (imo ) were at 1.4705 and 1.4770
Attached Image
  • #8,049
  • Dec 5, 2007 3:32pm Dec 5, 2007 3:32pm
Quoting raczekfx
If I were not in the trade right now, I'd simply skip it, even though it will probably slide to 1.4520 area...
Good, short entries (imo ) were at 1.4705 and 1.4770

Good input, but I think he's asking how you would specifically play the DBHLC according to James16 rules, which would require a close of the second bar before a decision on an entry. Is this where you would wait for a 50% (or some other percent) retrace of the second bar before going short so you can put a reasonable stop at the top of the DBHLC? If you just enter at the bottom like JimDandy mentioned then you have massive distance for a reasonable stop.
  • #8,050
  • Dec 5, 2007 4:02pm Dec 5, 2007 4:02pm
Sometimes stops have to be large... I don't know specifically here... but one can still trade when stops have to be large... the point is to only risk 1-3% of your account on the trade... and also to find set-ups where the targets will be longer than the stops.... that way small trades sizes will still add up to good gains... sometimes I am only trading 500-1000 units on a trade... but a 300 pip gain for me on a 500 unit trade can end up being a nice 1% added to my account !!!


Quoting Philww
Good input, but I think he's asking how you would specifically play the DBHLC according to James16 rules, which would require a close of the second bar before a decision on an entry. Is this where you would wait for a 50% (or some other percent) retrace of the second bar before going short so you can put a reasonable stop at the top of the DBHLC? If you just enter at the bottom like JimDandy mentioned then you have massive distance for a reasonable stop.
  • #8,051
  • Dec 5, 2007 4:18pm Dec 5, 2007 4:18pm
i didnt suit fozzy. nothing wrong with it. most tried and tested systems are good. its the trader that falls out with the system and not vice versa. beachbum is the fozzy guru and mentored me a lot.

no more on fozzy here.



Quoting findcount
many thanks..........i read the first few TENS of this thread but it's up to over 500 pages now !

it's like the 'War and Peace' thread of FF now..........my eyes will go Fozzy before i can finish the thread.........

i hope you guys don't think i'm too lazy to read but my eyes get tired very quickly....more so when watching the screen.........
  • #8,052
  • Edited 4:45pm Dec 5, 2007 4:44pm | Edited 4:45pm
Ok i would like the input of others on this potential trade.

USD/CHF. Daily chart and showing a DBLLC. Not very dramatic but it is on a swing high and bouncing off the trendline with the long term trend bearish as well. I am thinking of selling at 1.12 which is just below minor support. Any takers?
Attached Image (click to enlarge)
Click to Enlarge Name: 01usdchf_dbllcDec5.gif Size: 9 KB
  • #8,053
  • Dec 5, 2007 4:48pm Dec 5, 2007 4:48pm
Quoting JimDandy
Here is the way it looks like the daily is going to end with a double high lower close.....now with all the news about to come out this week do you just go ahead and put a sell stop at the bottom a little ways down and then where for a stop?
I am just learning as well but so far i have not had much success with setups like this. If you were on a swing high it would be a different story but otherwise it seems like a 50-50 trade to me.
  • #8,054
  • Dec 5, 2007 4:48pm Dec 5, 2007 4:48pm
Pin bar on daily.

I see no supporting factors other than the fact its at a swing high.

It hits the underside of a lower channel TL but if you draw enough lines on then price is bound to hit them
Attached Image (click to enlarge)
Click to Enlarge Name: usd.gif Size: 15 KB
  • #8,055
  • Edited 5:05pm Dec 5, 2007 4:57pm | Edited 5:05pm
Quoting the_wizard
Pin bar on daily.

I see no supporting factors other than the fact its at a swing high.

It hits the underside of a lower channel TL but if you draw enough lines on then price is bound to hit them
you missed the

  1. Rejection of the 150EMA
  2. Rejection of 61.8 fib
  3. Matches my 35% rule for shape of a good PB

Enjoy
Ademac

Edit: I have added a Picture to show you what i am talking about.

Attached Image (click to enlarge)
Click to Enlarge Name: usd-cad.gif Size: 9 KB
  • #8,056
  • Dec 5, 2007 5:01pm Dec 5, 2007 5:01pm
I posted charts with fibs too in the PB thread.... OK here too...

Quoting ademac
you missed the

  1. Rejection of the 150EMA
  2. Rejection of 61.8 fib
  3. Matches my 35% rule for shape of a good PB

Enjoy
Ademac

Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 9 KB
Click to Enlarge Name: zzz.GIF Size: 9 KB
  • #8,057
  • Dec 5, 2007 5:08pm Dec 5, 2007 5:08pm
Quoting ademac
you missed the

  1. Rejection of the 150EMA
  2. Rejection of 61.8 fib
  3. Matches my 35% rule for shape of a good PB

Enjoy
Ademac

Edit: I have added a Picture to show you what i am talking about.


Try using a broker which excludes the 3 hour sunday bar, or an indicator which excludes the Sunday bar like Habeeb.

If you do, the Daily 150 ema is at 1.0273. And price hasn't been within 60pips or so of it.
  • #8,058
  • Dec 5, 2007 5:16pm Dec 5, 2007 5:16pm
also,

In addition to the PB on the USD/CAD, with 40 mins to go, the 4hr charts are showing a DBHLC. Would that help validate a PB reversal if the DBHLC stays?
trading naked.......
  • #8,059
  • Dec 5, 2007 5:17pm Dec 5, 2007 5:17pm
Quoting dimmi
Try using a broker which excludes the 3 hour sunday bar, or an indicator which excludes the Sunday bar like Habeeb.

If you do, the Daily 150 ema is at 1.0273. And price hasn't been within 60pips or so of it.
Perspective.

Dimmi no offense, but I have done all my testing back, forward and live with it as it is so if it works why muck with it for the sake of political correctness. You will also open up the whole scenario of a completely different GMT TF so chart patterns change and you get PB's that before weren't PB and vice versa

I sum up with the words of the threads author.

As J16 has always said "Trade them as you see them".

Enjoy
Ademac
  • #8,060
  • Dec 5, 2007 5:21pm Dec 5, 2007 5:21pm
If it helps, I think it most likely just completed a 5 wave sequence up there

Either that or there's gonna be another mild nudge above ;p

As for the EMAs and the Sunday bars and whatnot...most people say MAs are useless anyhow

And Dimmi - there's a weekly EMA that isn't prone to Sunday bars, too

Just saying. Now pssssshhhhhht, the EMA stuff is PF material

Besides, we're sposed to all be nekkid anyhow!

My question rather is.....what's the current trend of USDCAD? ;p
Trust price. Know yourself.
18 traders viewing now