james16 Chart Thread | Page 923 | 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

  • #18,441
  • Jan 13, 2009 4:22am Jan 13, 2009 4:22am
Quoting jicjoc
I have a buy stop above 131...
Im nervous about this one, as GU hasnt yet reached a major low yet...
Id prefer them both to be pinning at their lows on 4hr maybe...

If your nervouse it means your not confident about your plan...then why trade if your not secured and your not trusting what the charts are showing you?
  • #18,442
  • Jan 13, 2009 4:25am Jan 13, 2009 4:25am
lol - im always nervous placing a trade.
I cancelled it anyway
I like 4 hour pins at extreme's...
This was neither
There may be another chance later today or tomorrow...
  • #18,443
  • Jan 13, 2009 4:29am Jan 13, 2009 4:29am
off round number
weekly ppz
divergence
fib76
good space
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (15-DEC-08).png Size: 17 KB
  • #18,444
  • Jan 13, 2009 4:33am Jan 13, 2009 4:33am
Quoting Almfx
Nice Divergence, But the shape PB is not convincing. Any comments

Attachment
Price is in an apparent bearish momentum and is looking to target previous resistance at 1.28. Since last weeks bull move could only produce a 38.2% retracement and has now broken last weeks low - longs wouldn't be recommended as deleveraging has become risk again with sharp moves coming.
Attached Image (click to enlarge)
Click to Enlarge Name: euro.jpg Size: 157 KB
  • #18,445
  • Jan 13, 2009 4:50am Jan 13, 2009 4:50am
Nice buying shot is in the making draw your plan and make the market do what you whant....if you use candles look for the price action around this area...

rember long are scalps shorts or holding postions....


Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 18 KB
  • #18,446
  • Jan 13, 2009 5:31am Jan 13, 2009 5:31am
Quoting Shermenator
Nice buying shot is in the making draw your plan and make the market do what you whant....if you use candles look for the price action around this area...

rember long are scalps shorts or holding postions....


Attachment
Crap no long for me yet ...I will have to wait for it to drop another couple of pips
  • #18,447
  • Jan 13, 2009 5:39am Jan 13, 2009 5:39am
Another one wasn't too sure about so i took it on demo. If you pretend the sunday bar isn't there, looks like a two day pinbar, but in a little traffic. played the break of yesterday's low and took half off at 1.6350. This one could go to 1.6155 or 162. we'll see. there was also a bearish hidden or reverse divergence on the daily.
Attached Image (click to enlarge)
Click to Enlarge Name: gopher_sell.gif Size: 12 KB
"Don't trade to trade . . . trade to win." - James16
  • #18,448
  • Jan 13, 2009 5:43am Jan 13, 2009 5:43am
Quoting Almfx
Nice Divergence, But the shape PB is not convincing. Any comments

Attachment
Hi Alm,

That last bar (or even second last bar??)you have on the chart is no where near being a pin.

The nose (or bottom wick) is normally twice or more the size of the body (the open to the close). The longer the nose is in relation to the body the better it looks (as far as a pin goes).
Also that nose should stick out from the preceding price action bars convincingly to be a strong signal.
Bundy's status today: "Waiting..."
  • #18,449
  • Jan 13, 2009 5:45am Jan 13, 2009 5:45am
when price goes up a bitt more its a great area to start looking for shorts...make a plan and once in that area if price fallows the plan make sure your plan includes what the rythem in the charts are and if its a holding postion or a scalping trade...and time of the day

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 17 KB
  • #18,450
  • Jan 13, 2009 5:46am Jan 13, 2009 5:46am
Quoting Almfx
Nice Divergence, But the shape PB is not convincing. Any comments
Divergence still not confirmed. Price needs to maintain the current levels above the 38% fib so we get a bullish crossover. It might to avoid this by going lower, but once it gets confirmed im looking at 1.3800 as the "minimum must reach" target.
  • #18,451
  • Jan 13, 2009 5:53am Jan 13, 2009 5:53am
Quoting bundyraider
Like Jarroo said truj....
thank you bundy. Like I said before this one was a good learning trade
  • #18,452
  • Jan 13, 2009 8:35am Jan 13, 2009 8:35am
when trading Daily bars - do those in the UK wait until midnight UK for close of candle before placing trades ? I mean trades would most likely be placed at 1-6am UK time ?
  • #18,453
  • Jan 13, 2009 8:57am Jan 13, 2009 8:57am
Have somebody this 250 pips spike in the Cable Chart? or my Broker is trying to reach my stop loss?
Attached Image (click to enlarge)
Click to Enlarge Name: Cable1.JPG Size: 164 KB
  • #18,454
  • Jan 13, 2009 9:07am Jan 13, 2009 9:07am
Quoting malvarezdel
Have somebody this 250 pips spike in the Cable Chart? or my Broker is trying to reach my stop loss?
Nope don't have such thing...
You should report to your Broker immediately especially if got stopped out..
  • #18,455
  • Jan 13, 2009 9:50am Jan 13, 2009 9:50am
Did anyone catch this at all? I got in and got out last night at the green line where I had anticipated resistance. Obviously, it blew by that but I still managed to capture nearly 200 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: kiwi_weekly_pin.gif Size: 10 KB
  • #18,456
  • Jan 13, 2009 9:53am Jan 13, 2009 9:53am
Hey everyone, the position sizing spreadsheet I used to use has some errors in it so I was just wondering how you guys determine your position size for your daily trades? Anyone have a good free calculator or a spreadsheet calculator without errors?
  • #18,457
  • Jan 13, 2009 10:01am Jan 13, 2009 10:01am
hey guys there is a pin bar on the eurgbp 4hrtf.check it out.
  • #18,458
  • Jan 13, 2009 10:07am Jan 13, 2009 10:07am
Alright here is somthing I am looking to aim for ...need it to retrace and then I will look for shorts its a holding trade

Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 17 KB
  • #18,459
  • Jan 13, 2009 11:05am Jan 13, 2009 11:05am
Quoting advfntrader
when trading Daily bars - do those in the UK wait until midnight UK for close of candle before placing trades ? I mean trades would most likely be placed at 1-6am UK time ?
Hi advfntrader,

When trading any timeframe it is always best to wait for the bar to close so that you don't try to pre-empt any Price Action that may or may not unfold. I'm based in the UK so if I'm looking at a potential Daily setup, I'll wait for the bar to close before placing my orders. The time of the bar close can vary depending upon which broker you use. Personally I use Alpari (11pm close) and IBFX (12am close). Having 2 feeds allows me to check that all he ducks are lining up across the range of brokers - meaning more people will be watching a potential trade, therefore it should carry more significance.

In terms of actually placing the trades, I'll have identified potential pairs to watch based upon areas of confluence. This means that when it comes to check the charts at the end of the day, I may only have 2 or 3 to check, which takes 10 seconds each. Then any orders are placed and I go to bed!

Hope this helps,

Chris
  • #18,460
  • Jan 13, 2009 11:48am Jan 13, 2009 11:48am
Quoting james16
ive been a reptile fanatic my entire life. my oldest son (11) and i have a snake business that does very well.

my son with Bob Clark. Bob is a regular on the Lettermen show and one of the most famous and respected snake experts in the world. Bob is a good friend and took a liking to my son several years ago. he actually invited us to his place to spend a whole day with him about two years ago. Bob owns the longest snake in captivity. it is 30 plus feet and is on loan to the Columbus zoo.


This is one of our hatchlings from last year. a super...
That's great to hear Jim, you have a sweet kid and that snake is ofcaorse just mind blowing!!

Bob Clark has always been one of those who have insipred the hell out of me!

So anyways you from Oklohama too?? and did you get to see his newest prodoce the Leucistic retics?? my wish list just keeps expanding.

here where I live in Pakistan we don't have snakes offered in the pet trade let alone the different morphs and mutations, if i ever get to reside somewhere else (I am looking forward to malaysia or the Uk for higher education) I'll get a tonne of these...

Any retics with you Jim?

Regards,
Ghous.
I believe . . .
63 traders viewing now