james16 Chart Thread | Page 408 | 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

  • #8,141
  • Dec 10, 2007 5:57am Dec 10, 2007 5:57am
thanks kpt and swami.

there is anything wrong with this pin bar?

thanks in advance

http://img205.imageshack.us/img205/5901/assdvk4.gif
  • #8,142
  • Dec 10, 2007 6:12am Dec 10, 2007 6:12am
Quoting Swami S
I believe subscriptions will re open after xmas early in the new year. Something to look forward to !
Me looking forward to it also.
  • #8,143
  • Dec 10, 2007 6:25am Dec 10, 2007 6:25am
Quoting giraia_br
thanks kpt and swami.

there is anything wrong with this pin bar?

thanks in advance
5 Minute is a very small time frame and many times is chatter or market noise and I absolutely would not trust it for market direction! Consider the actual position of this pin and other surrounding factors that would support taking a short. Is there any confirmed support or resistance here that has been tested and now is rejected by this pin? Not really. I do not trade pins or PA alone. They are only confirmation of other factors. Here are three very basic parts to a trade to consider in order when using PA:
1.Market Direction, per time frame, and you need to assess the actual strength of that direction.
2. Support and Resistance areas, again assess the strength of those areas.
3. PA.....Pin Bars, BUOB and such, are they confirmation of the first two?
MHO, Dion
  • #8,144
  • Edited 7:47am Dec 10, 2007 6:53am | Edited 7:47am
Quoting giraia_br
thanks kpt and swami.

there is anything wrong with this pin bar?

thanks in advance
wow 5mins! i prefer 4hr(to enter) & daily charts. Anything lower makes my head spins...

If you a beginner like me i suggest daily 1st.
  • #8,145
  • Edited 7:27am Dec 10, 2007 6:55am | Edited 7:27am
I just can't even imagine trading on 5 minute charts... !!! I get scolded for even trading on hourly by seekinglight... and the truth is... he is right... and J16 is right too... if you cannot trade daily and above time frames profitably... you will never trade lower time frames profitably... and I am sure the 5 minute time frame is not at all what Price Action is all about ..

One other thing.... you gotta NOT post your charts so big !!! All this scrolling back and forth is the first thing that shooed me away from this thread months ago....... I just won't do it... !!!!


Quoting giraia_br
thanks kpt and swami.

there is anything wrong with this pin bar?

thanks in advance
  • #8,146
  • Dec 10, 2007 7:09am Dec 10, 2007 7:09am
Quoting ellipses
wow 5mins! i prefer 4hr(to enter) & daily charts. Anything lower makes my head spins...

If you a beginner like me i suggest daily 1st.
After a year + of system hopping i'm back at naked (almost :...my 4hr charts has philip Nel MACD (i did learn alot from him as well))

digged my chart on EUR 7th dec...hope it helps...see the pin? then look for confluence and ask yourself why you shouldnt trade this....then weight the probability of you getting wrong..then decide to trade or not to trade.

Good prosperous to all!

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_7dec_daily.gif Size: 12 KB
  • #8,147
  • Dec 10, 2007 7:20am Dec 10, 2007 7:20am
Polite reminder guys, when quoting someone, you can omit the chart. Please consider editing your posts. Dion
  • #8,148
  • Dec 10, 2007 7:49am Dec 10, 2007 7:49am
Giraia, don't get discouraged my the remarks to your post, we have all been there before. Keep moving forward in your learning. There is no shame in that. A good rule is to learn from the larger timeframes down.
  • #8,149
  • Dec 10, 2007 8:25am Dec 10, 2007 8:25am
Hi everyone,

this is my first post in this thread, that i've been reading from long time.

I took this Double (almost triple) low higher close on Eur Usd on the 4 hour TF; I entered af 1,4675 at the high of the bar and I'm still holding

Happy trading to everyone
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd 4 h.gif Size: 9 KB
  • #8,150
  • Dec 10, 2007 8:32am Dec 10, 2007 8:32am
Quoting kunz78
Hi everyone,

this is my first post in this thread, that i've been reading from long time.

I took this Double (almost triple) low higher close on Eur Usd on the 4 hour TF; I entered af 1,4675 at the high of the bar and I'm still holding

Happy trading to everyone
Nice trade,
Im in this one too, good luck to us both, take care Raz
Never say never.
  • #8,151
  • Dec 10, 2007 8:35am Dec 10, 2007 8:35am
thanks all for reply.

but the pim was not alone, there was a 68% ret in the chart.
  • #8,152
  • Dec 10, 2007 9:33am Dec 10, 2007 9:33am
Yes, but again... you cannot expect much from 5 minute time frame... even if the Pin had worked... what would you get.... 20 pips ??? Apply the Price Action methods to higher time frames to get lots more pips.... 5 minute time frame is going to be mostly moise from the market...

Quoting giraia_br
thanks all for reply.

but the pim was not alone, there was a 68% ret in the chart.
  • #8,153
  • Dec 10, 2007 9:35am Dec 10, 2007 9:35am
Quoting giraia_br
thanks all for reply.

but the pim was not alone, there was a 68% ret in the chart.
Read the thread, lots of good stuff here.
  • #8,154
  • Dec 10, 2007 2:35pm Dec 10, 2007 2:35pm
no pin bar within earshot here shiva. you want them to be at extreme lows and highs or at least until you get good at them and they should preferrably have a very long nose. everyone should buy martin prings book/s. i dont use some of his info as he does such as the pin but i always give credit to him even when i am remotely discussing something he coined. thats the problem with this business. if you guys had any idea how many of the ebooks you buy are from scumbags that pirate material you would never buy one again unless you knew who it was and they had a track record of decent behavior. thats whats wrong with our world. most people are "asleep" to reality and allow the ego to run and ruin there lives. i love you guys/gals.

jim



Quoting shiva
James, Ir ealise I am a little late in the day - answerign a post of several months old vintage, BUT, if we look at the formation just before the blue oval marked on this chart; doesnt it form a classic pinochio with a BUY signal?
http://www.forexfactory.com/attachme...6&d=1119307988
  • #8,155
  • Dec 10, 2007 3:01pm Dec 10, 2007 3:01pm
This daily PB has worked out nice... now hit my first and biggest target... the 62 ema...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 11 KB
  • #8,156
  • Dec 10, 2007 4:10pm Dec 10, 2007 4:10pm
Heyho,

haven't posted anything last week since I was away from home but I've just caught up reading the thread.

AUDUSD

Fib
PPZ
150 EMA
Trend

AUDJPY

50 fib
PPZ
365 EMA
Trend

EURCHF

failed pinbar and BUOB
near 50 fib
near 150 EMA
PPZ

I will probably take all of them long on a break. I almost finished reading the thread for a second time and having done that was extremely eye opening. I just understand and see things I haven't before and the charts are becoming clearer every day. The way I see this is that all the setups and discussions that are posted sink in subconsciously and automatically you get more of a feeling what might work and what might not. Experience, however, still beats reading when you have an understanding of the setups. I still have a very LONG way to go but I have made a big progress since starting with FX half a year ago. I just have to take my own setups like the BUOB on USDCAD all time low.

Feedback is appreciated.

Chris
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd10.12.2007.gif Size: 22 KB
Click to Enlarge Name: audjpy10.12.2007.gif Size: 24 KB
Click to Enlarge Name: eurchf10.12.2007.gif Size: 25 KB
  • #8,157
  • Dec 10, 2007 5:57pm Dec 10, 2007 5:57pm
Being around this world for some 68 years plus, i must applaud you, Jim, and give you my heartfelt thanks for contributing so much to so many people. In todays society of mega corporations wanting to get every last penny from people willing to give it to them, your business model certainly doesn't fit. As soon as you are up and running again i will be one of your humble students.

Sincerely, Herman E Harrington

Oh yes,,,and have a very Happy Holiday season
  • #8,158
  • Dec 10, 2007 7:01pm Dec 10, 2007 7:01pm
Quoting creeper
Heyho,

haven't posted anything last week since I was away from home but I've just caught up reading the thread.
Feedback is appreciated.

Chris

Just don't go all out a day before one of the bigger announcements when the entries for the "good" / early setups were a few hundred pips lower 2-3 bars ago

GJ's IB from Thursday could turn into the trade of the week/month if tomorrow's reaction remains consistent(blind, rabid stock and carry buying like there is nothing else).
Trust price. Know yourself.
  • #8,159
  • Dec 11, 2007 4:32am Dec 11, 2007 4:32am
Quoting james16
no pin bar within earshot here shiva. you want them to be at extreme lows and highs or at least until you get good at them and they should preferrably have a very long nose. everyone should buy martin prings book/s. i dont use some of his info as he does such as the pin but i always give credit to him even when i am remotely discussing something he coined. thats the problem with this business. if you guys had any idea how many of the ebooks you buy are from scumbags that pirate material you would never buy one again unless you knew who it was and they had a track record of decent behavior. thats whats wrong with our world. most people are "asleep" to reality and allow the ego to run and ruin there lives. i love you guys/gals.

jim
Thanks James, I will look for this title by Martin pring
  • #8,160
  • Dec 11, 2007 4:47am Dec 11, 2007 4:47am
Quoting kunz78
Hi everyone,

this is my first post in this thread, that i've been reading from long time.

I took this Double (almost triple) low higher close on Eur Usd on the 4 hour TF; I entered af 1,4675 at the high of the bar and I'm still holding

Happy trading to everyone

I've closed my long when i saw this 1hr pin bar at 1,4717 with 40 pips profit.
I wish I entered short at the break of the TBH.
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd 1 h.gif Size: 6 KB
70 traders viewing now