james16 Chart Thread | Page 860 | 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

  • #17,181
  • Dec 18, 2008 4:41pm Dec 18, 2008 4:41pm
Quoting GetSmart
Ok folks,

So here is a setup that I'm not sure whether to play or not. BEOB on the daily audusd.

1. Would you classify this as an A trade ?
2. There's nice fib and ppz confluence above or middle of the bar
3. But there's minor ppz, support and resistance at .6750, at break of the bar

Would you wait for a break and retrace or pure break ? Perhaps its in a little too much traffic.

Appreciate your thoughts,

Joe

ps. also applies to BUOB on the USDCAD
I like it.
Its not at an extreme High but a new high none the less. Nice supporting confluences there. I would take it at the break.

If a retrace occurs, look for the low of the previous bar (green line). If it respect that level it looks good.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #17,182
  • Dec 18, 2008 4:44pm Dec 18, 2008 4:44pm
Quoting GetSmart
Ok folks,

So here is a setup that I'm not sure whether to play or not. BEOB on the daily audusd.

1. Would you classify this as an A trade ?
2. There's nice fib and ppz confluence above or middle of the bar
3. But there's minor ppz, support and resistance at .6750, at break of the bar

Would you wait for a break and retrace or pure break ? Perhaps its in a little too much traffic.

Appreciate your thoughts,

Joe



ps. also applies to BUOB on the USDCAD

Hey Joe

also looking at that. I have it marked as a setup that i will take if it still good when my day starts again in about 7.5hrs
It also lines up with a calculated daily pivot and goes back with the direction of the overall trend.

Why not consider putting half your intended position on at break and then wait for retrace to put the rest on. that way if it does take off at least you are in the trade to some extent.

off to bed now - just hope all those beautiful pins are still playable tomorrow morning

cheers

Simon
  • #17,183
  • Dec 18, 2008 4:53pm Dec 18, 2008 4:53pm
Quoting simoncs
Hey Joe

also looking at that. I have it marked as a setup that i will take if it still good when my day starts again in about 7.5hrs
It also lines up with a calculated daily pivot and goes back with the direction of the overall trend.

Why not consider putting half your intended position on at break and then wait for retrace to put the rest on. that way if it does take off at least you are in the trade to some extent.

off to bed now - just hope all those beautiful pins are still playable tomorrow morning

cheers

Simon
Thanks to both Simon and Jarroo, I will keep an eye on it was well as a number of pbs' that have appeared today !
  • #17,184
  • Edited 5:53pm Dec 18, 2008 4:56pm | Edited 5:53pm
I'm playing this uchf, I like the look of it best out of most of the pairs.
Attached Image (click to enlarge)
Click to Enlarge Name: uchf.gif Size: 14 KB
  • #17,185
  • Edited 5:55pm Dec 18, 2008 5:17pm | Edited 5:55pm
Quoting Mr Smith
I'm playing this uchf, I like the look of it best out of most of the pairs.
Hi Mr S,

Be careful as that has a 61 fib just 45 odd pips above the break of the pin..

Later edit: sorry Mr Smith I mistook this for EURCHF...usdchf has a bit more room before reaching the 50 fib, I'd still like to see it break that resistance that is at the break of the pin

Joe
  • #17,186
  • Dec 18, 2008 5:24pm Dec 18, 2008 5:24pm
Quoting Mr Smith
I'm playing this uchf, I like the look of it best out of most of the pairs.
Hmm.. I like this.

I'm not good at spotting divergence, but please let me know if I drew this correctly. I'm sorry for the battlefield heads up display on the picture.

Price pierced the 68.1 Fib on Monthly, Divergence on the Daily, Pin Bar at a low after a huge run down.
Attached Image (click to enlarge)
Click to Enlarge Name: james16-uc.gif Size: 28 KB
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #17,187
  • Dec 18, 2008 5:26pm Dec 18, 2008 5:26pm
Hi folks,

usdjpy has an interesting bar. Its technically a BUOB but only within 6 pips of dblhc. Weekly shows a deformed pb supporting price going long.

Joe
Attached Image (click to enlarge)
Click to Enlarge Name: 2008-12-19_102108.jpg Size: 51 KB
Attached Image
  • #17,188
  • Dec 18, 2008 5:29pm Dec 18, 2008 5:29pm
No need to over complicated things when it's a great long pinbar after a huge run down like this on u/chf, I believe James would agree this is a good setup based on huge run down, with a monster pinbar.

Regards Mr Smith
  • #17,189
  • Dec 18, 2008 5:40pm Dec 18, 2008 5:40pm
Quoting LasVahGoose
Hmm.. I like this.

I'm not good at spotting divergence, but please let me know if I drew this correctly. I'm sorry for the battlefield heads up display on the picture.

Price pierced the 68.1 Fib on Monthly, Divergence on the Daily, Pin Bar at a low after a huge run down.
Hey LVG

This isn't divergence. You want your oscillator and price to be going opposite directions.

Here is an example

Best
Mike
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 17 KB
  • #17,190
  • Dec 18, 2008 5:53pm Dec 18, 2008 5:53pm
Quoting Mr Smith
No need to over complicated things when it's a great long pinbar after a huge run down like this on u/chf, I believe James would agree this is a good setup based on huge run down, with a monster pinbar.

Regards Mr Smith
Sorry Mr Smith I mistook this for EURCHF...usdchf has a fair bit more room before reaching the 50 fib, I'd still like to see it break that resistance that is at the break of the pin,

I'd be interested on James take on this too

Joe
  • #17,191
  • Dec 18, 2008 5:58pm Dec 18, 2008 5:58pm
Quoting GetSmart
Sorry Mr Smith I mistook this for EURCHF...usdchf has a fair bit more room before reaching the 50 fib, I'd still like to see it break that resistance that is at the break of the pin,

I'd be interested on James take on this too

Joe
No worries Joe, I agree that longing echf is not a great setup.
Like you said uchf has more room, I play pins like this uchf everytime they come up and overall I clean up doing that.

Mr smith
  • #17,192
  • Dec 18, 2008 6:17pm Dec 18, 2008 6:17pm
Good day all. I just listened to the video in the guest room of james16 about Pin, where he states how to spot good pin this USDCHF meets the criteria which includes 1.enough space to run 2. good candle size compare to others 3. 61.8 fib confluence then i see a possibility of head and shoulder forming if it runs up to hit 1.1405, where there is resistance confluencing with possible right shoulder and an inner TL bounce. But i have a question, is that candle a pin bar? thanks
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 16 KB
  • #17,193
  • Dec 18, 2008 6:20pm Dec 18, 2008 6:20pm
There is some interesting price action going on on EURUSD and EURJPY

On the EURUSD the price will not go and hit 1.4300 at all the closest it will get is 1.4298

On the EURJPY the price will not go and hit 128.00 once again the closest it will go is 127.98-127.99

It is almost as "someone" is keeping it at those levels as to not hit buys or sells above those prices. Or keeping the price down waiting for "friends" to come push it up or down.

Also there may be an interest rate decision from the BOJ tonight (EST). Most likely the BOJ will try and/or say anything to devalue JPY in an attempt to save their exporters.

There is also an INSIDE BAR on the EURUSD 4HR which is something to watch.

I know this is not price action stuff but nonetheless, could be something to watch out for and take note, considering today's price action IMHO was not ordinary as usual.
  • #17,194
  • Dec 18, 2008 6:20pm Dec 18, 2008 6:20pm
Quoting mbqb11
Hey LVG

This isn't divergence. You want your oscillator and price to be going opposite directions.

Here is an example

Best
Mike
LVG's is an example of Convergence. lol
Indicators show the past. Price Action "Indicates" the future.
  • #17,195
  • Dec 18, 2008 6:20pm Dec 18, 2008 6:20pm
thankfully,

jarro, my PA teacher is around, maybe he would be kind to answer me as usual with load of charts

Thanks
Mike
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 14 KB
  • #17,196
  • Dec 18, 2008 6:23pm Dec 18, 2008 6:23pm
Quoting emda
ok with such a daily candle on EURUSD... I am going to scale in a short for tomorrow at fibs levels of today's range.
Wait for the break. It's not a true Pin Bar until it breaks.
Indicators show the past. Price Action "Indicates" the future.
  • #17,197
  • Dec 18, 2008 6:32pm Dec 18, 2008 6:32pm
Quoting Naijafx
thankfully,

jarro, my PA teacher is around, maybe he would be kind to answer me as usual with load of charts

Thanks
Mike
Sorry I can't post my own charts.

The Euro and Swissy Daily PBs have great potential. But as we have seen in the past, Pin Bars (or other reversing Price Action) after a strong move have ended in failure. Even after the break.

I have bad looking charts right now. Can anyone post these two pair with Weekly and Daily PPZ levels. (Hopefully their the same levels. lol)
Indicators show the past. Price Action "Indicates" the future.
  • #17,198
  • Dec 18, 2008 6:36pm Dec 18, 2008 6:36pm
Quoting mbqb11
Hey LVG

This isn't divergence. You want your oscillator and price to be going opposite directions.

Here is an example

Best
Mike

yeah, I always mess it up. I just don't have eye for it.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #17,199
  • Dec 18, 2008 6:38pm Dec 18, 2008 6:38pm
uchf for you jaroo.
Attached Image (click to enlarge)
Click to Enlarge Name: uchf.gif Size: 18 KB
  • #17,200
  • Dec 18, 2008 6:39pm Dec 18, 2008 6:39pm
Quoting LasVahGoose
yeah, I always mess it up. I just don't have eye for it.
. . Yet. You don't have an eye for it yet. But you will.

More charts to study my friend.
Indicators show the past. Price Action "Indicates" the future.
115 traders viewing now