james16 Chart Thread | Page 500 | 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

  • #9,981
  • Apr 11, 2008 8:15am Apr 11, 2008 8:15am
Quoting sarama001
It seems that is a pin bar in traffic. Got burnt also
I agree. It was not in the ideal location, at the end of a long trend. It is not totally out of play, yet. I may play it again with tight stop loses.
Indicators show the past. Price Action "Indicates" the future.
  • #9,982
  • Apr 11, 2008 8:42am Apr 11, 2008 8:42am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
Hi, jarroo, I am very sorry to disturb you, I knew my question might be very stupid, just give me a learning opportunity.

the question is, do you still think this Pin Bar qualified even though the retracement penetrate the 76.4 fib? the reason why I am curious about this is that I am thinking about 76.4 as threshold to filter weak Pin Bar,no reason, simply some gut feeling.

or, will you consider other opportunities which have the retracement above 76.4 at the moment, for instance,USDCHF, USDJPY or EURCHF?

I don't mind if you don't want to answer my question, I can fully understand.

Thank you for your sharing your trade. I think I received its value.

Quoting jarroo
I agree. It was not in the ideal location, at the end of a long trend. It is not totally out of play, yet. I may play it again with tight stop loses.
  • #9,983
  • Apr 11, 2008 9:13am Apr 11, 2008 9:13am
Quoting krue
Hi, jarroo, I am very sorry to disturb you, I knew my question might be very stupid, just give me a learning opportunity.

the question is, do you still think this Pin Bar qualified even though the retracement penetrate the 76.4 fib? the reason why I am curious about this is that I am thinking about 76.4 as threshold to filter weak Pin Bar,no reason, simply some gut feeling.

or, will you consider other opportunities which have the retracement above 76.4 at the moment, for instance,USDCHF, USDJPY or EURCHF?

I don't mind if you don't want to answer my question, I can fully understand.

Thank you for your sharing your trade. I think I received its value.
Price may retrace down to the bottom of the Pin Bar at 198.00 and then start heading up. Remember this is not an ideal Pin Bar, due in part of its location and the forming of the second eye. GBPJPY is a crazy pair and Price movements tend to over play itself.

I only use fib levels of 38.2 & 61.8 and 50% retrace. Is 76.4 a fib level? I don't think so.

A break of the 61.8 would qualify a weak Pin Bar, that's why I had a tight s/l.

USDJPY, USDCHF and EURCHF are not as crazy as GBPJPY and may prove to be better plays using fib retracements off of Price Action.

Hope this helps,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #9,984
  • Apr 11, 2008 9:18am Apr 11, 2008 9:18am
Quoting jarroo
I agree. It was not in the ideal location, at the end of a long trend. It is not totally out of play, yet. I may play it again with tight stop loses.
Any plans of buying again?
  • #9,985
  • Apr 11, 2008 9:23am Apr 11, 2008 9:23am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
Many thanks for your reply, no idea if 76.4 is a fib too, I remember somewhere in this forum mentioned 76.4, probably I mistake it as fib,but, noticed several occassions, price stop right at this level, whatever it is, I buy this number if there is statistical significance.

Today is totally a crazy day,not only GBPJPY. USDCHF most likely forms a TBL now, I guess, probably this is a good time to get into now.

I thank you very very much, Sir, for your kind reply. all the best to you

Quoting jarroo
Price may retrace down to the bottom of the Pin Bar at 198.00 and then start heading up. Remember this is not an ideal Pin Bar, due in part of its location and the forming of the second eye. GBPJPY is a crazy pair and Price movements tend to over play itself.

I only use fib levels of 38.2 & 61.8 and 50% retrace. Is 76.4 a fib level? I don't think so.

A break of the 61.8 would qualify a weak Pin Bar, that's why I had a tight s/l.

USDJPY, USDCHF and EURCHF are not as crazy as GBPJPY and may prove to be better plays using fib retracements off of Price Action.

Hope this helps,

Jim
  • #9,986
  • Apr 11, 2008 9:26am Apr 11, 2008 9:26am
Quoting sarama001
Any plans of buying again?
Yes. I will look at the 4 hour chart for Price Action to show me the way. And even the hourly. But so far it's looking pretty bearish.
Attached Images
Indicators show the past. Price Action "Indicates" the future.
  • #9,987
  • Apr 11, 2008 11:38am Apr 11, 2008 11:38am
Quoting raczekfx
and another area to watch for (price slowing down?)... and so on...
.
ohhh u, big shark!! Dont u get tired of being rigth so often?????

Great call Rac!!

Have a good weekend people!!

Matt
  • #9,988
  • Apr 11, 2008 12:27pm Apr 11, 2008 12:27pm
Quoting Matiasfx
ohhh u, big shark!! Dont u get tired of being rigth so often?????

Great call Rac!!

Have a good weekend people!!

Matt
not so big.. , unless you're referring to e/u

as you know from our chat last night, I was stopped out above 201 by my 15ps () trailing stop.... Since it's not PA based, we'll not talk about it here. if equities keep falling like this, I would not be surprised to see a gap on Sunday (196/7)

have a good one yourself Matt

p.s.
as for the yen crosses fall... thank the dow. remember my chart from last night...?
Attached Image
  • #9,989
  • Apr 11, 2008 12:37pm Apr 11, 2008 12:37pm
raczekfx, do you trade the Dow, or do you just watch it to get a hint of where the USD pairs could be heading?
  • #9,990
  • Apr 11, 2008 12:39pm Apr 11, 2008 12:39pm
Quoting raczekfx

have a good one yourself Matt

p.s.
as for the yen crosses fall... thank the dow. remember my chart from last night...?
I do remember.... beautiful!!!

Thanks

Matt
  • #9,991
  • Apr 11, 2008 12:43pm Apr 11, 2008 12:43pm
Quoting raczekfx
not so big.. , unless you're referring to e/u

as you know from our chat last night, I was stopped out above 201 by my 15ps () trailing stop.... Since it's not PA based, we'll not talk about it here. if equities keep falling like this, I would not be surprised to see a gap on Sunday (196/7)

have a good one yourself Matt

p.s.
as for the yen crosses fall... thank the dow. remember my chart from last night...?
Raczekfx, please clear your PM box. It is full.
  • #9,992
  • Apr 11, 2008 12:50pm Apr 11, 2008 12:50pm
Quoting raczekfx
In a trade @ 1.5870 with tight stop
rac, why you took the short exactly at 1.5870?

another think: what was your final result in the Fxsol championship? i read only one message about it but i am not reading the thread all days.

thanks in advance.
  • #9,993
  • Apr 11, 2008 1:26pm Apr 11, 2008 1:26pm
Hi all, excellent thread. I was just wondering if anyone could recommend some good reading material for bar patterns. TIA
Yay! Pips for everyone!
  • #9,994
  • Apr 11, 2008 1:48pm Apr 11, 2008 1:48pm
Quoting ForexCTG
Congrats on 10,000 postings!
man, were you here waiting for do this?

i loose the oportunit.

well, at least i took the 10001, is good too.
  • #9,995
  • Apr 11, 2008 2:24pm Apr 11, 2008 2:24pm
wow, 10,000 posts!

It really shows what a great thread this is and how amazing the information is. And the people are pretty good too...

Congrats Jim!

I can't say how much coming across this thread has done for me and my trading.

Thanks,
Tom
  • #9,996
  • Apr 11, 2008 3:34pm Apr 11, 2008 3:34pm
thanks raczek.

and thanks for whoever deleted a post and gave the 10.000 post to me.

and congrats james.
  • #9,997
  • Apr 11, 2008 3:45pm Apr 11, 2008 3:45pm
Shouldn't Jim have the 10k post?

SeekingLight, if you didn't even notice the 10k count until things were already over it, you might be a J16 addict.

SeekingLight, if you dream of tall pin bars instead of tall blondes, you might be a J16 addict.

SeekingLight, if you have more naked charts than naked women saved on your computer, you might be a J16 addict.

SeekingLight, if you go "aww man, why does the weekend have to come NOW" on Friday night, you might be a J16 addict.

SeekingLight, if your definition of true beauty is level eyes on a pin instead of on a girl (of course eyes! eyes, of course!), you might be a J16 addict.

Okay, I gotta stop here as I'm realizing all my analogies end up regarding women and that stops being funny after 3+ times as the concept becomes apparent

The poor women! ..seems it's a good thing I didn't decide to go for big bucks doing standup comedy

Have a great weekend everyone and big to James for being the one with the true staying power here
Trust price. Know yourself.
  • #9,998
  • Apr 11, 2008 3:55pm Apr 11, 2008 3:55pm
Hey Seeking,

that was a nice one!
But as I can recognize myself in these statements you´re in good company with that addiction.

Cheers
RM
  • #9,999
  • Apr 11, 2008 5:06pm Apr 11, 2008 5:06pm
10000 posts! Awesome!!

Jim, it gets said all the time, but you are the man!!

Your willingness to give and knack for teaching, have started a chain of generosity amongst those you have touched.

....Does that make you proud or what?


Personally , you gave me that last little part of the jigsaw puzzle that I needed. ...Gluing together confluence and Price action. ....And then with Pivot zones.... man ... you've got me stealing from the market!!! Trading almost feels like it's too easy these days ....And I like that!! ...I like that a LOT !!!

Thank you. ...from the bottom of my heart dude. :0)

...And a message from the gods... You've overloaded your good Karma. ;o)

.
Bundy's status today: "Waiting..."
  • #10,000
  • Apr 11, 2008 8:49pm Apr 11, 2008 8:49pm
Quoting unlv_tj
raczekfx, do you trade the Dow, or do you just watch it to get a hint of where the USD pairs could be heading?
no dow trading... yet

Quoting sarama001
Raczekfx, please clear your PM box. It is full.
will do on the weekend sarama

Quoting giraia_br
rac, why you took the short exactly at 1.5870?

another think: what was your final result in the Fxsol championship? i read only one message about it but i am not reading the thread all days.

thanks in advance.
that's the price fill I got. it was more of going short while observing how price was reacting to ECB news than PA setup, but it coincides on 1hr pb close...

10,000 posts.... Not bad at all...Congrats Jim and everyone..
..
Attached Image
58 traders viewing now