james16 Chart Thread | Page 957 | 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

  • #19,121
  • Jan 20, 2009 5:38am Jan 20, 2009 5:38am
Quoting Thexder
I took it long as a weekly I.B. with the same TP but since I've had enough time to micro manage I am letting it run with profit locked in.

Your right, it's a IB...

Thanks buddy....

BTW, where was your original S/L located?
  • #19,122
  • Jan 20, 2009 5:40am Jan 20, 2009 5:40am
Quoting trujillo1980
BTW, where was your original S/L located?
Below the IB as I watched until I could move to break even without stirring...it reached about 9125 (after entry) and then suddenly collapsed but it regained strength so I took that as a test of the pre-entry area and set for break even and went to bed (for 2 hours, now I'm at work. Looking to eliminate that some day)
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #19,123
  • Jan 20, 2009 5:46am Jan 20, 2009 5:46am
Quoting Thexder
Below the IB as I watched until I could move to break even without stirring...it reached about 9125 (after entry) and then suddenly collapsed but it regained strength so I took that as a test of the pre-entry area and set for break even and went to bed (for 2 hours, now I'm at work. Looking to eliminate that some day)
All right buddy. I see it more clear now...

Thank you...
  • #19,124
  • Jan 20, 2009 5:50am Jan 20, 2009 5:50am
Quoting RedA
Hi Rec,
Nice entry. I see the divergence. But I have not seen a pin bar to trigger this reversal. Don't dare to since I was burnt yesterday. Can you explain your entry based on what trigger and the target? Thanks.
not sure if that was nice entry, but regardless it was part of a plan, which is based on aggressive method taking long term ppzs into consideration. If we get 4hr pb, I'll add it on its 'up-break' and the first logical target will be 1.4370 (ppz)
  • #19,125
  • Jan 20, 2009 5:58am Jan 20, 2009 5:58am
Quoting Blackinc
Can understand you buying GBP down there.

Don't understand the GBP/JPY crystal ball man. Other than your reasoning before on everyone loving obama and realising what a bargain the yen is..

Love to hear some more on that if you've got a minute to divulge?
not exactly. I trade yen crosses together with us based crosses.
To really simplify the answer I will say that if I get a go on cable and 'price in' equity direction/move, I will also trade pound/yen.

ps. funny, out of about 50 PMs, almost 90% of 'respondents' didn't understand it either... .
I hope we get 4hr pb on g/j. I'll add more...
  • #19,126
  • Jan 20, 2009 6:21am Jan 20, 2009 6:21am
Quoting raczekfx
not exactly. I trade yen crosses together with us based crosses.
To really simplify the answer I will say that if I get a go on cable and 'price in' equity direction/move, I will also trade pound/yen.

ps. funny, out of about 50 PMs, almost 90% of 'respondents' didn't understand it either... .
I hope we get 4hr pb on g/j. I'll add more...
Looking at N/J myself
Patience + Humility + Study = Success
  • #19,127
  • Jan 20, 2009 6:22am Jan 20, 2009 6:22am
Hello friends.
What do you think about this pin on 4h in a swing?
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-01-20 14-19 GBP_USD+ 240.png Size: 24 KB
Abraço Paulo
  • #19,128
  • Jan 20, 2009 6:24am Jan 20, 2009 6:24am
Quoting Thexder
I think you have the analysis a little backwards though. A double bar low would be normally taken as a continuation short, unless there is a higher close which may be taken long, but this one has a lower close so it's either a DBL short or an IB long....

Unless it's too early in the morning to remember.
hey thexder, pls can i see a chart wit inside bar and outside bar...
dont think ive seen them before and pls wat do they mean
Simplicity is the key to success
  • #19,129
  • Jan 20, 2009 6:37am Jan 20, 2009 6:37am
hey guys pls when is it advisable to enter a pin bar, is it on the 3rd bar(2nd eye) or after the 2nd eye
Simplicity is the key to success
  • #19,130
  • Jan 20, 2009 6:41am Jan 20, 2009 6:41am
Quoting HeikinAshi
Hello friends.
What do you think about this pin on 4h in a swing?
Thanks
I'm tracking this one as well...not your "standard" PB but the long nose should tell us that the bulls are coming..
  • #19,131
  • Jan 20, 2009 6:52am Jan 20, 2009 6:52am
Quoting squeezy
hey thexder, pls can i see a chart wit inside bar and outside bar...
dont think ive seen them before and pls wat do they mean
Page 1 post 10 for outside.
Should then be able to figure out inside bars.
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #19,132
  • Jan 20, 2009 7:03am Jan 20, 2009 7:03am
Quoting Thexder
Page 1 post 10 for outside.
Should then be able to figure out inside bars.
thnx a lot thexder, ill check it now
Simplicity is the key to success
  • #19,133
  • Jan 20, 2009 7:09am Jan 20, 2009 7:09am
Quoting squeezy
thnx a lot thexder, ill check it now
oh i knew dis, didnt kno the beovb was called the inside bar and the buovb ,the outside bar...thnx for making it clearer, i can see much better now...
Simplicity is the key to success
  • #19,134
  • Jan 20, 2009 7:12am Jan 20, 2009 7:12am
Quoting squeezy
oh i knew dis, didnt kno the beovb was called the inside bar and the buovb ,the outside bar...thnx for making it clearer, i can see much better now...
IB Inside Bar
ovb Outside Vertical Bar
be Bearish
bu Bullish

beovb engulfs previous bar and closes lower than it opens
buovb engulfs previous bar and closes higher than it opens
IB high and low extremes are within previous bar extremes
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #19,135
  • Jan 20, 2009 7:39am Jan 20, 2009 7:39am
Quoting HeikinAshi
Hello friends.
What do you think about this pin on 4h in a swing?
Thanks
Falling Knife....i guess.bye
Patience is essential
  • #19,136
  • Jan 20, 2009 7:43am Jan 20, 2009 7:43am
Quoting Thexder
IB Inside Bar
ovb Outside Vertical Bar
be Bearish
bu Bullish

beovb engulfs previous bar and closes lower than it opens
buovb engulfs previous bar and closes higher than it opens
IB high and low extremes are within previous bar extremes
thnx a lot thexder, God bless u
Simplicity is the key to success
  • #19,137
  • Jan 20, 2009 7:45am Jan 20, 2009 7:45am
No Obama rally
Patience + Humility + Study = Success
  • #19,138
  • Jan 20, 2009 8:11am Jan 20, 2009 8:11am
Quoting DutchTrader
No Obama rally

He won't be at his desk till tomorrow
  • #19,139
  • Jan 20, 2009 8:13am Jan 20, 2009 8:13am
Is anyone else still in the CHFJPY Weekly Long Pinbar trade?

I took the weekly pin bar on the CHFJPY, due to the location and then the shape of the bar. I had believed that the JPY was going to look weak this upcoming week. Even with Obama stepping into office.

It reached up and hit my Limit Buy, then went about 30 pips short of my first target profit. After that, it has been all down hill. I am still in the trade by about 30 pips (set a long stop loss in case of the Obama situation today).

Just wondering if anyone else took the trade, and if so if they were able to bank any profit, or if they left it early.

Thanks!
  • #19,140
  • Jan 20, 2009 8:15am Jan 20, 2009 8:15am
Quoting unlv_tj
Is anyone else still in the CHFJPY Weekly Long Pinbar trade?

I took the weekly pin bar on the CHFJPY, due to the location and then the shape of the bar. I had believed that the JPY was going to look weak this upcoming week. Even with Obama stepping into office.

It reached up and hit my Limit Buy, then went about 30 pips short of my first target profit. After that, it has been all down hill. I am still in the trade by about 30 pips (set a long stop loss in case of the Obama situation today).

Just wondering if anyone else took the trade, and...

was in - already out for a loss unfortunately
42 traders viewing now