james16 Chart Thread | Page 1053 | 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

  • #21,041
  • Feb 11, 2009 8:20am Feb 11, 2009 8:20am
Quoting jarroo
Hey arcus. How did you do on the Daily BUOB on the Eur/Gbp?
Hi Jaroo.
I took BUOB on EURGBP, got PT1 and reverse position on H4 PB short (my 4th SL this year).
How do u manage the trade in the case like this? Or you wouldnt take CT H4 signal against daily trade? Location looks good to me as well.
Thank you
alter
  • #21,042
  • Feb 11, 2009 8:24am Feb 11, 2009 8:24am
got some and the rest was taken out at break even.
  • #21,043
  • Feb 11, 2009 8:33am Feb 11, 2009 8:33am
Quoting jarroo
Notice that the PPZ levels and of course the Round Numbers are the same on all feeds. lol
yeah yeah
thnx jarroo noticed dat as well, dats beautiful.....
im in the trade by the way, entered at 1.4412, hoping to ride it down
thnx
Simplicity is the key to success
  • #21,044
  • Feb 11, 2009 8:35am Feb 11, 2009 8:35am
Quoting ghous
I watch Ibfx, Fxpro and Fxopen, and will genereally take a setup on any of these 3 feeds to trade on my live account which is at Fxopen...specially the daily setups...

Regards,
Ghous.
thnx ghous,
progress progress..............
loving fx
cheers
Simplicity is the key to success
  • #21,045
  • Feb 11, 2009 8:49am Feb 11, 2009 8:49am
Quoting squeezy
yeah yeah
thnx jarroo noticed dat as well, dats beautiful.....
im in the trade by the way, entered at 1.4412, hoping to ride it down
thnx
Wait what? Did the BEOB break? Why did you enter the trade right now?
Indicators show the past. Price Action "Indicates" the future.
  • #21,046
  • Feb 11, 2009 8:55am Feb 11, 2009 8:55am
Quoting Piproo
Jarro, my ppz is higher than urs.

can u please explain anything wrong with my ppz and why u using that low for g/u daily's ppz?

thanks again
They look good Piproo. I adjust my PPZs to the closest round number.
Indicators show the past. Price Action "Indicates" the future.
  • #21,047
  • Feb 11, 2009 9:08am Feb 11, 2009 9:08am
Quoting alter
Hi Jaroo.
I took BUOB on EURGBP, got PT1 and reverse position on H4 PB short (my 4th SL this year).
How do u manage the trade in the case like this? Or you wouldnt take CT H4 signal against daily trade? Location looks good to me as well.
Thank you
alter
This is just me. I don't know how others manage their trades. I will take a CT on a lower time and keep my longer time frame trade open. Many times the lower time frame trade will be short lived and then continue in the direction of my longer time frame trade. Is this clear to you?
Indicators show the past. Price Action "Indicates" the future.
  • #21,048
  • Feb 11, 2009 9:09am Feb 11, 2009 9:09am
Quoting Angel65
Hello CVCAMPER,

I'm thinking to open a spread-betting account with GFT UK because of the tax free.

1) Is GFT a good broker (no prices manipulation, NO stop hunting, tight spreads....etc.) ?

2) Is DealBook@360 a friendly plateform (speed of execution, tight spreads, good charting capabilities....) ?

Sorry guys to be off topic ,

Happy trading,

Cheers

Angel
i love it, no probs
Dr. C
  • #21,049
  • Feb 11, 2009 9:10am Feb 11, 2009 9:10am
Quoting jarroo
Wait what? Did the BEOB break? Why did you enter the trade right now?
jarroo
dis was wat made me enter the trade
hope it made sense
Attached Image (click to enlarge)
Click to Enlarge Name: tml1.gif Size: 32 KB
Simplicity is the key to success
  • #21,050
  • Feb 11, 2009 9:22am Feb 11, 2009 9:22am
Quoting squeezy
jarroo
dis was wat made me enter the trade
hope it made sense
That's an aggressive entry. I like to wait for the break of the Outside Bar. I do like that its below the Low of the previous bar. It's looking good now.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #21,051
  • Feb 11, 2009 9:29am Feb 11, 2009 9:29am
Quoting squeezy
jarroo
dis was wat made me enter the trade
hope it made sense
Also remember that we like to see BEOB at swing Highs and BUOBs at swing Lows.

Bullish PA with an uptrend and Bearish PA in a down trend is not a bad way to go either.
Indicators show the past. Price Action "Indicates" the future.
  • #21,052
  • Feb 11, 2009 9:37am Feb 11, 2009 9:37am
Quoting jarroo
This is just me. I don't know how others manage their trades. I will take a CT on a lower time and keep my longer time frame trade open. Many times the lower time frame trade will be short lived and then continue in the direction of my longer time frame trade. Is this clear to you?
Jim,

Let us assume you had entered a trade long on a Daily chart, then you saw fit to add on when the opportunity arose. When you see a A+ trade short on the 4HR. When you go short. what position size are you using ? Relative to your overall exposure on the pair long . . If that makes sense ?

Just looking for your opinion on this . .

Does your overall bias dictate that you are relatively risk heavy on longs and risk light on shorts.

Do you hedge yourself fully if it is really a+ or is it only relative to maybe . . the last position size that you put on . . And where you think price is going to turn around.

(Yes it's true Mike says I often complicate things too )

Just wondering your ideas on this
Jig
  • #21,053
  • Feb 11, 2009 9:43am Feb 11, 2009 9:43am
Hi guys
I see macds on a few charts and mentions of divergence. Does anyone have a good explanation of how best to use this? Thanks

max
Gravity goes both ways in forex...
  • #21,054
  • Feb 11, 2009 9:46am Feb 11, 2009 9:46am
Quoting jarroo
This is just me. I don't know how others manage their trades. I will take a CT on a lower time and keep my longer time frame trade open. Many times the lower time frame trade will be short lived and then continue in the direction of my longer time frame trade. Is this clear to you?
I understand just my broker (Oanda) doesn't allow to open 2 trades short and long at the same time.
  • #21,055
  • Feb 11, 2009 9:47am Feb 11, 2009 9:47am
Quoting Jigsaw
Jim,

Let us assume you had entered a trade long on a Daily chart, then you saw fit to add on when the opportunity arose. When you see a A+ trade short on the 4HR. When you go short. what position size are you using ? Relative to your overall exposure on the pair long . . If that makes sense ?

Just looking for your opinion on this . .

Does your overall bias dictate that you are relatively risk heavy on longs and risk light on shorts.

Do you hedge yourself fully if it is really a+ or is it only relative to maybe . . the last position size...

Its not a common occurrence and the CT setup has to be "A" quality. Much like the 4 PB on the Eur/Gbp this morning. My risk is relative to the quality of the trade, meaning "A" trade or "B" trade.

Its just an understanding that Price doesn't travel in a straight line and retraces at different levels.
Indicators show the past. Price Action "Indicates" the future.
  • #21,056
  • Feb 11, 2009 9:51am Feb 11, 2009 9:51am
Hi,

I am thinking going short on this one. I like the location and that pin was a clear swing high.
Comments are more than welcome.
ty
P.S. - Unless this last 5m to the candle close changes everything
Attached Image (click to enlarge)
Click to Enlarge Name: chart2.gif Size: 17 KB
  • #21,057
  • Feb 11, 2009 9:52am Feb 11, 2009 9:52am
Quoting Shermenator
Not exactly sure what his entry style is my friend I just know his good lol...and umm I am just basing it on the story my chart shows me and thats tht we have 12 hour of price trying to make lower lows and buyers take over and push up....so I based it more of what price is doing then the actually candle ....

Attachment
the green support lines are those just fibs or is it from an indi?
  • #21,058
  • Feb 11, 2009 9:53am Feb 11, 2009 9:53am
Quoting jarroo
Also remember that we like to see BEOB at swing Highs and BUOBs at swing Lows.

Bullish PA with an uptrend and Bearish PA in a down trend is not a bad way to go either.
yeah thnx jarroo
pls cld u help me out wit my entries, since u said dat one is aggressive
wat i do is, once the bar closes for my confirmation of pa....i jump in
do u hav a pdf file on how to enter, set sl and some other things like dat
now dat im seeing the right pa, need to fine tune other things like entries etc
i totally feel u on the bearish pa on a down trend, cldnt help the nice pa, for the trend continuation......
Simplicity is the key to success
  • #21,059
  • Feb 11, 2009 9:56am Feb 11, 2009 9:56am
Quoting Jigsaw
Jim,

Does your overall bias dictate that you are relatively risk heavy on longs and risk light on shorts.

Do you hedge yourself fully if it is really a+ or is it only relative to maybe . . the last position size that you put on . . And where you think price is going to turn around.

(Yes it's true Mike says I often complicate things too )

Just wondering your ideas on this
Jig
Take the 4 hour BEOB on the Gbp/Usd. I entered on the break with a small position. Why? Is not an A trade, because its not at swing High. It could be a contination PA of the down trend. I like that it engulfed two bars and that is below a round number. We shall see.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #21,060
  • Feb 11, 2009 9:58am Feb 11, 2009 9:58am
Just taking a look at this AUD/Cad 4 HR..Definitely not a an A+ but here are some thoughts.

Pros.
Good pin formation - Long nose, eyes in good position
Fib confluence on at 50 and 61.8
Off the 150 and 365 EMA
At a price pivot Zone the 81.50 seems to be a FLipping point

Cons:
Not at a swing high or Low
Good amount of traffic to the left
The 80.50 Level is not far off should see some resistance there

As I am writing this it just seems more and more like a no trade, location is SO IMPORTANT, any comments?
Attached Image (click to enlarge)
Click to Enlarge Name: audcad.gif Size: 14 KB
70 traders viewing now