james16 Chart Thread | Page 533 | 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

  • #10,641
  • May 7, 2008 3:54pm May 7, 2008 3:54pm
Ryan,

thnx for your reply. I would slightly disagree that fibs is a lagging indicator. It's based on the historical data, yes, but what isn't? But not lagging. And their usefulness lies in the fact that the market is watching for these levels, so it's a psychological thing rather; but I have seen it work in planty of cases to use it as one of the factors for the decision making.

We're all entitled to our own views. Once again, thnx for the reply. Sorry for the off topic.
Trax Tibidax Tibidox...
  • #10,642
  • May 7, 2008 4:49pm May 7, 2008 4:49pm
Quoting masterpiecefx
Anyone liking EURCAD for a long position?
This is why I am taking it.
Attached Image (click to enlarge)
Click to Enlarge Name: ec.gif Size: 24 KB
  • #10,643
  • May 7, 2008 5:05pm May 7, 2008 5:05pm
Hi all,

Looking at the Gbp/jpy 4hr pin.
Attached Image (click to enlarge)
Click to Enlarge Name: j f.gif Size: 36 KB
  • #10,644
  • May 7, 2008 5:24pm May 7, 2008 5:24pm
Quoting Siam
Hi all,

Looking at the Gbp/jpy 4hr pin.
Siam, I have been watching this pair very closely. I really like the area, but I am not quite convinced. The pin has a short tail, and formed between US and Asia. It may yet fall to the 203.75 area. Just my two pips. Dion
  • #10,645
  • May 7, 2008 5:52pm May 7, 2008 5:52pm
Quoting Siam
Hi all,

Looking at the Gbp/jpy 4hr pin.
Is that not a possible IB next to the pin bar also?...
Attached Image (click to enlarge)
Click to Enlarge Name: gdpjpy 5-7-2008.gif Size: 26 KB
  • #10,646
  • May 7, 2008 6:46pm May 7, 2008 6:46pm
Quoting Aad
Is that not a possible IB next to the pin bar also?...
Keep an eye on it, it could still go. I am just a little wary yet.
  • #10,647
  • May 7, 2008 6:54pm May 7, 2008 6:54pm
Quoting HipsterPipster
This is why I am taking it.
CAD, OIL, slow EU....hmm
  • #10,648
  • May 7, 2008 8:09pm May 7, 2008 8:09pm
I haven't been following this thread for a while but Jarroo reminded me of it. Its really what its about, P.A
I'll be following closely. Thanks to all contributors.
NZ/J is on Im watching.
Cheers, Bogus
Attached Image (click to enlarge)
Click to Enlarge Name: ttt.gif Size: 19 KB
FF journal: Peaks and Troffs
  • #10,649
  • Edited 11:55pm May 7, 2008 8:56pm | Edited 11:55pm
Quoting masterpiecefx
Ryan,

thnx for your reply. I would slightly disagree that fibs is a lagging indicator. It's based on the historical data, yes, but what isn't? But not lagging. And their usefulness lies in the fact that the market is watching for these levels, so it's a psychological thing rather; but I have seen it work in plenty of cases to use it as one of the factors for the decision making.

We're all entitled to our own views. Once again, thnx for the reply. Sorry for the off topic.
You keeping trading in your stlye Masterpfx. Looking for a better entry to lower your risk via Fibs, is a good approach. Check out the 50% retrace on the Daily (close enough) DBHLC on the Aud/Usd. Right around the 50%. Interesting.

Price was moving pretty fast so a nimble finger was required.


(A friend making over 1 mill a month . . . my a**)

Jim
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #10,650
  • May 7, 2008 10:56pm May 7, 2008 10:56pm
I hope I was not the only one who played this nice breakout.
There was a four 4 day! high on daily and a TBH on weekly.
It just broke so hard when I woke up it was in 90 green pips.
Attached Image (click to enlarge)
Click to Enlarge Name: aunzd.JPG Size: 58 KB
  • #10,651
  • May 8, 2008 2:43am May 8, 2008 2:43am
Keeping an eye on GBPJPY. It goes in hand with GBPUSD rising.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy08.05.2008.gif Size: 56 KB
  • #10,652
  • May 8, 2008 2:47am May 8, 2008 2:47am
Quoting creeper
Keeping an eye on GBPJPY. It goes in hand with GBPUSD rising.
I took this snap shot earlier.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY-TF1D.JPG Size: 82 KB
  • #10,653
  • May 8, 2008 2:50am May 8, 2008 2:50am
Quoting creeper
Keeping an eye on GBPJPY. It goes in hand with GBPUSD rising.
Pin Bar at a good location.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #10,654
  • May 8, 2008 2:52am May 8, 2008 2:52am
Quoting jarroo
Pin Bar at a good location.
It is looking good. I was gonna take it earlier but froze. Moved 80+ points since then...
  • #10,655
  • May 8, 2008 2:56am May 8, 2008 2:56am
Quoting takeprofit
It is looking good. I was gonna take it earlier but froze. Moved 80+ points since then...
If you mean before it was formed, then that was a good thing. You always want to wait for Price Action formations to close and present itself before you act. Trust me on that.
Indicators show the past. Price Action "Indicates" the future.
  • #10,656
  • May 8, 2008 3:14am May 8, 2008 3:14am
Quoting jarroo
Pin Bar at a good location.
Interesting, I see no pin bar on my ODL/IBFX charts unless I'm missing something, he he...
Attached Image (click to enlarge)
Click to Enlarge Name: gdpjpy 5-8-2008.gif Size: 26 KB
  • #10,657
  • May 8, 2008 3:20am May 8, 2008 3:20am
Quoting Aad
Interesting, I see no pin bar on my ODL/IBFX charts unless I'm missing something, he he...
Different broker times. But if you look at both 4 hour candles, combined on your chart, you'll get a Pin Bar.
Indicators show the past. Price Action "Indicates" the future.
  • #10,658
  • May 8, 2008 3:35am May 8, 2008 3:35am
Quoting jarroo
Different broker times. But if you look at both 4 hour candles, combined on your chart, you'll get a Pin Bar.
I said this wrong. Combined 7 one hour candles instead of 8. Is that right
Indicators show the past. Price Action "Indicates" the future.
  • #10,659
  • May 8, 2008 3:53am May 8, 2008 3:53am
Quoting jarroo
I said this wrong. Combined 7 one hour candles instead of 8. Is that right
He he, I'll just have to check my FxPro chart in such situations but rarely I hope...
  • #10,660
  • May 8, 2008 3:55am May 8, 2008 3:55am
Quoting Aad
He he, I'll just have to check my FxPro chart in such situations...
I look at two different platforms with two different GMT times. But all in all, Price Action usually balances out with both in the end.
Indicators show the past. Price Action "Indicates" the future.
76 traders viewing now