james16 Chart Thread | Page 806 | 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

  • #16,101
  • Dec 4, 2008 5:03am Dec 4, 2008 5:03am
Quoting gaia
Hell DRJ that takes me back! "Think it was men at work" and I was ski-ing in Italy and much younger. It became the theme song of the Week. got very drunk and chased italian girls, can,t remember in what order. thanks for the memory

Gaia
Hi Gaia,

Men at work it was ! My pleasure....I'm glad it brought back good memories for you ! ... a classic song. It brings back memories of me too as an 18yo all those years ago around the early/mid 80's. When I was passing through Belgium a few years ago with my family I introduced my eldest son to it (as an 8yo) we started singing it (...ala Buying bread from a man in brussels, he was six foot four and....) and he loved it and still remembers singing it !

Joe

ps. sorry for cluttering the thread to others who might not be interested..
  • #16,102
  • Dec 4, 2008 5:15am Dec 4, 2008 5:15am
i'm fairly new to this price action thread and was wondering if people took either of these pin bar trades?

They look like decent pins to me but as you can see, they have not yet moved in the expected direction.

Have I missed something or are these just failed trades?

Jason
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej failed pin.gif Size: 14 KB
Click to Enlarge Name: eu failed pin.gif Size: 14 KB
  • #16,103
  • Dec 4, 2008 5:53am Dec 4, 2008 5:53am
Given the rate cut decision in the next minutes, I would have avoided entering any new position in the morning.
  • #16,104
  • Edited 6:57am Dec 4, 2008 6:00am | Edited 6:57am
Quoting aeu97137
i'm fairly new to this price action thread and was wondering if people took either of these pin bar trades?

They look like decent pins to me but as you can see, they have not yet moved in the expected direction.

Have I missed something or are these just failed trades?

Jason
Hi Jason,

They don't fail until they break the nose. You haven't given them enough time.

edit: I know this is in hindsight , but I wouldn't have taken these trades. I'm too picky. The EJ one ....possibly. The EU ..not. (There's been pips in them both already though). Played right you'd have made money already. They could keep going yet. I'd rather a clearer run. Or at least more room toward my first TP. Yesterdays lows sucked as barriers.
Bundy's status today: "Waiting..."
  • #16,105
  • Dec 4, 2008 6:29am Dec 4, 2008 6:29am
Quoting simoncs
rate cut also coming our way. will it be 50 or 100bp or 75?

box formed (thick red lines) on the 4hr after a prolonged down period
it has started to break the box, so placed a small trade on here.
if then breks further than the lowest bar will add to it.
the move from A to B was 500 points ish. could see a further 500 points from point C?


edit - sorry i know this doesn't exactly constitute PA - my bad
now been stopped out of this trade.
made a bit of a hash of it to be honest. it was moving well then retraced into the box - where upon i shat myself and closed half.
As the price climbed higher i grew some bigger balls, and with the belief reinstalled that i was right all along took another short position.
woke up this morning and all good.
as we got closer to the rate decision i moved my stop right down to lock in profit just in case they didn't go for the full percent cut.
This is where i got stopped out. could have taken 130 points more today and i am sure this will continue down to my projected 13300, but too late for me now.

still at least it was 150 points on one trade and 250 on the other, andthis was my first successful breakout trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBP_JPY (03-DEC-08).png Size: 16 KB
Click to Enlarge Name: GBP_JPY (04-DEC-08).png Size: 16 KB
  • #16,106
  • Dec 4, 2008 7:47am Dec 4, 2008 7:47am
Quoting ghous
Here is a long i took on the Usd/Cad on Monday. Friday close of last week was showing signs of further correction and retracment into the trend but this week continued on with the bull run, once we saw the break of the confluence zone (1.24 ppz and the 23.6 retracment fib) there was little doubt that it would now serve as support.

The BUOB on the close of the Monday bar was the entry trigger with the stop just below the confluence zone.

Profit targets are 1.27 and 1.3.
Nicely done ghous.

I especially like the stop placement below the confluence zone.

Well done, sir.

Jim
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #16,107
  • Edited 8:21am Dec 4, 2008 7:53am | Edited 8:21am
Here's another pin with E/U. Not the prettiest pin, but with trend and bouncing off 61.8 fib level.

edit: pin failed oh well
Attached Image (click to enlarge)
Click to Enlarge Name: eu 1hr.gif Size: 27 KB
  • #16,108
  • Dec 4, 2008 8:37am Dec 4, 2008 8:37am
Pretty good looking pin on the AUDNZD, with the trend. There's something about it that's just not sitting right, maybe its too neutral, maybe I'm just not a fan of the pair, but I can't tell whether I'm being cowardly or prudent. Mike--I'm very curious about your thoughts on it?
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd 12.4.08.gif Size: 16 KB
  • #16,109
  • Dec 4, 2008 8:56am Dec 4, 2008 8:56am
just share with you all sir
is that the valid pin bar for eu.....

brgds,
my30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: EU.JPG Size: 125 KB
  • #16,110
  • Dec 4, 2008 8:58am Dec 4, 2008 8:58am
Quoting my30marahaba
just share with you all sir
is that the valid pin bar for eu.....

brgds,
my30marahaba
Absolutely valid PB.
Indicators show the past. Price Action "Indicates" the future.
  • #16,111
  • Dec 4, 2008 9:10am Dec 4, 2008 9:10am
Quoting my30marahaba
just share with you all sir
is that the valid pin bar for eu.....

brgds,
my30marahaba
Nice one...
It is PB but...counter-trend... watch it close..

Sonic
  • #16,112
  • Dec 4, 2008 9:54am Dec 4, 2008 9:54am
Quoting sonicdeejay
Nice one...
It is PB but...counter-trend... watch it close..

Sonic
thank you sir, i will watch closely for this eu pa, now pa has been above weekly opening price and 4hrs above 55ema and 89sma ...

brgds,
mymarahaba
  • #16,113
  • Dec 4, 2008 10:37am Dec 4, 2008 10:37am
Quoting libertao
Pretty good looking pin on the AUDNZD, with the trend. There's something about it that's just not sitting right, maybe its too neutral, maybe I'm just not a fan of the pair, but I can't tell whether I'm being cowardly or prudent. Mike--I'm very curious about your thoughts on it?

Hey

Well AUD/NZD is one of those funny pairs that I don't trade very often. Tends to be choppy more then anything. There was a bit of space on that pair(not much), pin could have closed better. Overall nothing I would get to excited about. It has come up back towards the highs so you prob would have taken full profit, or moved your stop to b/w on the type of pair. Overall though I think this is a no trade.

Best
Mike
  • #16,114
  • Dec 4, 2008 10:41am Dec 4, 2008 10:41am
Quoting libertao
Pretty good looking pin on the AUDNZD, with the trend. There's something about it that's just not sitting right, maybe its too neutral, maybe I'm just not a fan of the pair, but I can't tell whether I'm being cowardly or prudent. Mike--I'm very curious about your thoughts on it?
There's nothing wrong with being prudent - look at Gordon Brown. He was prudent for the last 10 years and it didn't do him any harm......Oh, hang on I think I got that wrong
  • #16,115
  • Dec 4, 2008 11:56am Dec 4, 2008 11:56am
Possible daily PB shaping up on the GU at extreme lows. Watching.
  • #16,116
  • Dec 4, 2008 11:57am Dec 4, 2008 11:57am
Your thought and comments would be most welcome on the 8hr GBP/USD Bar at 08.00 Today, (sorry cannot post charts at present)
This would appear to be a nice pin bar off support and off a few Days lows range 1.4650. definately against the major trend so a little concern here.

Possible daily pin bar if the range stays tight the rest of Today!

Love to hear your thoughts

Regards
  • #16,117
  • Dec 4, 2008 12:04pm Dec 4, 2008 12:04pm
Quoting gaia
Your thought and comments would be most welcome on the 8hr GBP/USD Bar at 08.00 Today, (sorry cannot post charts at present)
This would appear to be a nice pin bar off support and off a few Days lows range 1.4650. definately against the major trend so a little concern here.

Possible daily pin bar if the range stays tight the rest of Today!

Love to hear your thoughts

Regards
Hey Gaia

I would just wait to see how the day ends out and trade based on that. Like Northpro above I would sit on my hands and see how these pairs hold up going into the closes.

Best

Mike
  • #16,118
  • Dec 4, 2008 12:05pm Dec 4, 2008 12:05pm
Hi Jarroo,

Just wondering what your thoughts were on the 1h pin on EU. I could not see any other reason to take it apart from it being a good looking pin. Could you elaborate so that us lesser mortals can learn a bit more? Many of us on here respect your views and it would be nice to hear your opinion on this one man,

thanks,

berti
PA is where its at!!
  • #16,119
  • Dec 4, 2008 12:08pm Dec 4, 2008 12:08pm
Quoting bertie123
Hi Jarroo,

Just wondering what your thoughts were on the 1h pin on EU. I could not see any other reason to take it apart from it being a good looking pin. Could you elaborate so that us lesser mortals can learn a bit more? Many of us on here respect your views and it would be nice to hear your opinion on this one man,

thanks,

berti
Not trying to put words into Mr Jaroos mouth,

Posted this in the PF , double bottom area, 1.2550 round number, heavy div and oversold , good space and swing low


Mike
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 14 KB
  • #16,120
  • Edited 3:22pm Dec 4, 2008 12:21pm | Edited 3:22pm
Quoting bertie123
Hi Jarroo,

Just wondering what your thoughts were on the 1h pin on EU. I could not see any other reason to take it apart from it being a good looking pin. Could you elaborate so that us lesser mortals can learn a bit more? Many of us on here respect your views and it would be nice to hear your opinion on this one man,

thanks,

berti
Mike said it perfectly.

When we are at new level Lows (Support areas) we look for signs that Price may give us a hint of where it wants to go. What better then a PB at a swing Low (hourly swing Low). On the hourly time frame, just remember the move may be short lived.

My target price is the green lines, I didn't capture the entire move.
Thanks Mike.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
49 traders viewing now