james16 Chart Thread | Page 776 | 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

  • #15,501
  • Nov 19, 2008 8:52am Nov 19, 2008 8:52am
Finally moving in the right direction. Almost at TPs
.
Attached Images
  • #15,502
  • Nov 19, 2008 9:06am Nov 19, 2008 9:06am
Quoting ghous
I am not brave enough to have taken this kind of a trade, the choppiness and ranging on th 4H is enough to keep me far away from anything under the daily till we see the ranges break.
there's someone trading off 30s bars over here http://www.elitetrader.com/vb/attach...postid=2182863

madness!
  • #15,503
  • Nov 19, 2008 9:11am Nov 19, 2008 9:11am
.. and one more (just bought). This is not based on PA, therefore risky trade in anticipation of a break out higher. Will auto industry be allowed to bite the dust or will they be bailed out.....?

ps. looking for 98 and then 100. Ok... time to do some Christmas shopping.. will check back after US markets close
.
Attached Image
  • #15,504
  • Nov 19, 2008 9:16am Nov 19, 2008 9:16am
I'm in G/Y as well. Bought after retest of the channel/break of first high on 5m chart, then again at pin bar that found support on the first high after breakout. I'm 2/3 out now, rest is targeting 149. This is how I like to play the breakouts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gy 5m.gif Size: 17 KB
Click to Enlarge Name: gy 1hr.gif Size: 20 KB
  • #15,505
  • Nov 19, 2008 9:18am Nov 19, 2008 9:18am
Quoting Almfx
Hey Simoncs & Ghous. Thanks for the replies

It is true that we can be successful trading only few fx pair, but as Iam conservative with my trades, Iam more comfortable spreading my risks with opportunities from more pair or markets. I would really like to know how traders like Jim and mike would manage looking at variety of markets (just out curiosity, so that beginers like me get some taste for the monitoring setup). Thanks

ALM
Hey ALM

Edited this, I realized you were asking about how to watch. I simply go through my pairs each night and create a watch list for the next day. SO when the daily bar closes I go through all my pairs which doesn't take long. Then before the euro session I setup pending breakouts and important areas on my 4hr and 1hr charts and just keep only those charts open. I have 4 monitors to spread my charting and trading broker across to make it easier to browse.

Best of luck

Mike
  • #15,506
  • Nov 19, 2008 9:29am Nov 19, 2008 9:29am
Quoting eltrot1979
there's someone trading off 30s bars over here http://www.elitetrader.com/vb/attach...postid=2182863

madness!
Thanks for the link,

Wish this guy best of luck, he'll be needing loads of it...

Regards,
Ghous.
I believe . . .
  • #15,507
  • Nov 19, 2008 9:33am Nov 19, 2008 9:33am
Quoting raczekfx
.. and one more (just bought). This is not based on PA, therefore risky trade in anticipation of a break out higher. Will auto industry be allowed to bite the dust or will they be bailed out.....?

ps. looking for 98 and then 100. Ok... time to do some Christmas shopping.. will check back after US markets close
.
A good trading session you had Raczek, and thanks for clearing that some of your trades are not taken along with PA confirmation, of coarse that's fine, and you must have some good reasons for taking the trade without PA signals. But this surely does save me a lot of time trying to wonder why you entered in a few of the above mentioned trades.
I believe . . .
  • #15,508
  • Nov 19, 2008 9:49am Nov 19, 2008 9:49am
Quoting raczekfx
Finally moving in the right direction. Almost at TPs
.
GBP/JPY
Right direction?
I was looking for a shorting position off weekly support around 14800 plus 50%fib on 4hr
Pin bar seems to be forming - if it keeps dropping.
then trade short with the trend
  • #15,509
  • Nov 19, 2008 9:58am Nov 19, 2008 9:58am
Quoting simoncs
GBP/JPY
Right direction?
I was looking for a shorting position off weekly support around 14800 plus 50%fib on 4hr
Pin bar seems to be forming - if it keeps dropping.
then trade short with the trend

same here i kept w8ing for it 2 develop the whole week then this GAY consolidation ate my profit area

p.s: the red circles is me looking at the chart
  • #15,510
  • Nov 19, 2008 9:59am Nov 19, 2008 9:59am
Quoting simoncs
GBP/JPY
Right direction?
I was looking for a shorting position off weekly support around 14800 plus 50%fib on 4hr
Pin bar seems to be forming - if it keeps dropping.
then trade short with the trend
same thing here i waited for it 2 develop the whole week but this gay consolidation ate my Profit area

pssss:the (O_O) is me looking at the chart
Attached Image (click to enlarge)
Click to Enlarge Name: 0.gif Size: 16 KB
  • #15,511
  • Nov 19, 2008 10:10am Nov 19, 2008 10:10am
Quoting ezz
same thing here i waited for it 2 develop the whole week but this gay consolidation ate my Profit area

pssss:the (O_O) is me looking at the chart
Don't make that face Ezz, patience is the key.
I believe . . .
  • #15,512
  • Nov 19, 2008 10:20am Nov 19, 2008 10:20am
Hi, that daily IB break failed on Euro price action would suggest down, but I could be wrong?
Attached Image (click to enlarge)
Click to Enlarge Name: euro 19 nov 08.jpg Size: 109 KB
  • #15,513
  • Nov 19, 2008 11:00am Nov 19, 2008 11:00am
Same here. Took same entry on GBP/JPY. I ended up exiting at a small profit. You could not have come up with a better name for it. GAY consolidation.
Please pull my head out of my ass, I am running out of oxygen...
  • #15,514
  • Nov 19, 2008 11:17am Nov 19, 2008 11:17am
Did anyone take the pin on the EURGBP?

I thought it looked like a great setup off of the weekly support from years back but it triggered my entry to the pip and then blasted through my stop..
  • #15,515
  • Nov 19, 2008 11:23am Nov 19, 2008 11:23am
Quoting Someone
Did anyone take the pin on the EURGBP?

I thought it looked like a great setup off of the weekly support from years back but it triggered my entry to the pip and then blasted through my stop..
Hey Someone,

This pin was in traffic, and just sitting out there to nothing relevant. These look good, but rarely produce good results from my testing.

Best to wait for a retest of some previous resistance around the .8200 area.

See chart

Mike
Attached Image (click to enlarge)
Click to Enlarge Name: a2.gif Size: 15 KB
  • #15,516
  • Nov 19, 2008 11:33am Nov 19, 2008 11:33am
Hi Guys

Anyone thinking of trading 4h pin on Cable?

1. Downtrend
2. Descending T/L holding price
3. Previous swing low acting as resistance - formation of PPZ?
4. May test the previous low of 13 Nov

Any thoughtscomments welcomed.

berti
Attached Image (click to enlarge)
Click to Enlarge Name: vt191108.gu4.jpg Size: 220 KB
PA is where its at!!
  • #15,517
  • Nov 19, 2008 11:33am Nov 19, 2008 11:33am
Pretty good pin on EURCHF. Pretty much off the 50-fib on the longer term daily.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurchf pin 11.19.08.gif Size: 12 KB
Click to Enlarge Name: eurchf 50-fib 11.19.08.gif Size: 11 KB
  • #15,518
  • Nov 19, 2008 11:54am Nov 19, 2008 11:54am
Quoting Betard
Major resistance coming up for Eur/Chf around 1.5325. Previous support zone and 50% retrace from the most recent weekly swing high. I'll be looking for Price Action setup to get short here.
Yep 4hr pin looks nice. I had been waiting for that one.
  • #15,519
  • Nov 19, 2008 12:14pm Nov 19, 2008 12:14pm
Quoting mbqb11
Hey Someone,

This pin was in traffic, and just sitting out there to nothing relevant. These look good, but rarely produce good results from my testing.

Best to wait for a retest of some previous resistance around the .8200 area.

See chart

Mike
Hi Mike,

Looking now you are so right... I was so sure this was a good setup I dont know what i was thinking. I very rarely take setups that are not A+

Live and learn.

Thanks for your input.
  • #15,520
  • Nov 19, 2008 1:38pm Nov 19, 2008 1:38pm
the eur/usd H1 has been fun to watch...it's stuck between a 150 MA and 1.2600 S/R. It's like watching a pinball going back and forth.
21 traders viewing now