james16 Chart Thread | Page 1204 | 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

  • #24,061
  • Mar 18, 2009 1:33pm Mar 18, 2009 1:33pm
Looks like the US is the latest to devalue by printing money. Swiss, Japanese???, US.

This move nailed me for a loss. The speculation by many on this board that the USD was fixing for a fall was right on. Good job folks! Seems the market was telling us this would happen long before it did. Good thing I am sticking to conservative position sizing.

This should also help with the stock I bought this a.m., in my real account. So if I take a loss in my demo while getting a nice gain in my real, I think I will take that and be satisfied.
  • #24,062
  • Mar 18, 2009 1:37pm Mar 18, 2009 1:37pm
Ah Ha! Guess after a few of these I can sit back and wait for the best setups. I like this 2 bar pin stuff.
Attached Image
"Whether you think you can or can't, you're right." Henry Ford
  • #24,063
  • Mar 18, 2009 1:39pm Mar 18, 2009 1:39pm
Quoting Scot Pippin'
Ah Ha! Guess after a few of these I can sit back and wait for the best setups. I like this 2 bar pin stuff.
HeeHee
Pinbar forming all time frames EUR/USD!
Price target, what... 150 pips!
Mine?
  • #24,064
  • Mar 18, 2009 1:40pm Mar 18, 2009 1:40pm
Quoting Scot Pippin'
Ah Ha! Guess after a few of these I can sit back and wait for the best setups. I like this 2 bar pin stuff.
Lol ! Awesome trade, good job.

Glad one of us caught something of it
  • #24,065
  • Mar 18, 2009 1:41pm Mar 18, 2009 1:41pm
Quoting Scot Pippin'
Ah Ha! Guess after a few of these I can sit back and wait for the best setups. I like this 2 bar pin stuff.
Nice trade Scot
  • #24,066
  • Mar 18, 2009 1:44pm Mar 18, 2009 1:44pm
SH**T I thought id missed that already..doh!
my us/chf short hit iys target before i knrw what happened!! lol
PATIENCE... DISCIPLINE
  • #24,067
  • Mar 18, 2009 1:45pm Mar 18, 2009 1:45pm
Thanks for all the b'day wishes peeps!

Ghous, Jon, SupremeChaos, thanks. Mike (saw your PM in the PF last night, but was falling asleep in my chair! lol)
  • #24,068
  • Mar 18, 2009 1:47pm Mar 18, 2009 1:47pm
Quoting raczekfx
not yet waiting to.. just before fomc
pullback to 2780 - 2840 would be good imho. flat out just above
ok
here are my some of my trades for fomc (I posted my watch list bias in pf before fomc)
nice trades
1. bought fiber @ 3132 (manual order before the news)
2. set buy limit fiber 3080 (never triggered)
3. set buy limit fiber 3162 (triggered after fomc)
4. sold u/cad 2709 (manual entry before fomc)
5. bought cable at 3974
bad trades
6. set buy e/chf 5626 (closed for a small profit)
7. bought g/chf at 6275 (almost stopped out, closed for a small loss)
  • #24,069
  • Mar 18, 2009 1:49pm Mar 18, 2009 1:49pm
Quoting raczekfx
ok
here are my some of my trades for fomc (I posted my watch list bias in pf before fomc)
hope everyone made a few pips
here is my 'biased' fiber chart from pf:
later
r

.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 25 KB
  • #24,070
  • Mar 18, 2009 1:49pm Mar 18, 2009 1:49pm
oanda spreads still a bit mental!!
anyone else catch the gb-eu run?
PATIENCE... DISCIPLINE
  • #24,071
  • Mar 18, 2009 1:51pm Mar 18, 2009 1:51pm
Quoting johnnyonspot
Looks like the US is the latest to devalue by printing money....
All of this goes parallel,

A good fundamental trader shorted the $ after the FOMC, a good technical trader saw that happening (via price bars) on the dollar index and some $ crosses.

It points towards the fact that "technical vs fundamental" debate is basically like quarreling over the question "Did we first see the Hen or the egg?"
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad weekly.gif Size: 10 KB
Click to Enlarge Name: usdcad.gif Size: 13 KB
I believe . . .
  • #24,072
  • Edited 4:24pm Mar 18, 2009 1:52pm | Edited 4:24pm
Hey all,

Just thought I'd pass along an update. Starting Monday, March 23rd the CME will be launching Forex E Micro Futures at 1/10 the size of a standard contract (the same as trading a micro contract with a Forex broker).

Check it out: http://www.cmegroup.com/trading/fx/f...-e-micros.html

Might need a little time to build up volume but if they take off, no more shifty bucket shop worries.
It's all about cautious - and highly educated - wagering on probabilities.
  • #24,073
  • Mar 18, 2009 1:52pm Mar 18, 2009 1:52pm
Nice trades., mark
I took only usdcad
Attached Image
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #24,074
  • Mar 18, 2009 1:54pm Mar 18, 2009 1:54pm
Quoting Scot Pippin'
Ah Ha! Guess after a few of these I can sit back and wait for the best setups. I like this 2 bar pin stuff.
Lol!

nice Scott
I believe . . .
  • #24,075
  • Mar 18, 2009 1:54pm Mar 18, 2009 1:54pm
Quoting raczekfx
ok
here are my some of my trades for fomc (I posted my watch list bias in pf before fomc)
nice trades
1. bought fiber @ 3132 (manual order before the news)
2. set buy limit fiber 3080 (never triggered)
3. set buy limit fiber 3162 (triggered after fomc)
4. sold u/cad 2709 (manual entry before fomc)
5. bought cable at 3974
bad trades
6. set buy e/chf 5626 (closed for a small profit)
7. bought g/chf at 6275 (almost stopped out, closed for a small loss)
Hi Race,

Good job! Quick question, if you don't mind.

Why did you go long on GU at 3974?

Thanks.
Le Pip
  • #24,076
  • Mar 18, 2009 1:56pm Mar 18, 2009 1:56pm
Quoting ghous
All of this goes parallel,

A good fundamental trader shorted the $ after the FOMC, a good technical trader saw that happening (via price bars) on the dollar index and some $ crosses.

It points towards the fact that "technical vs fundamental" debate is basically like quarreling over the question "Did we first see the Hen or the egg?"
hey jarroo, you would have caught this beauty too,

You miss very few of them anyways...
I believe . . .
  • #24,077
  • Mar 18, 2009 2:05pm Mar 18, 2009 2:05pm
I just hope GBP finds support at 4200
"Whether you think you can or can't, you're right." Henry Ford
  • #24,078
  • Mar 18, 2009 2:13pm Mar 18, 2009 2:13pm
Quoting Santana55
Hey all,

Just thought I'd pass along an update. Starting Monday, March 23rd the CME will be launching Forex E Micro Futures at 1/10 the size of a standard contract (the same as trading a micro contract with a Forex broker).

Check it out: http://www.cmegroup.com/trading/fx/f...-e-micros.html

Might need a little time to build volume but if they take off, no more shifty bucket shop worries.
what broker(s) can we trade these thru? i am not familiar w/ any (reputable) futures brokers that dont require one to have a big liquid net worth. tradestation requires one to have $50k, even though they only require $5k to fund an account. i am assuming no spreads & that the commission for 1 micro would be real cheap, as well as any margin requirements. i guess 5 micros would be equal to 1 emini (which is half a regular/normal contract).
  • #24,079
  • Mar 18, 2009 2:21pm Mar 18, 2009 2:21pm
Will it last?

I think so... Retrace is inevitable but I say This Ship has dumped it's cargo, is Loaded & heading out of port.

B
Attached Image
  • #24,080
  • Mar 18, 2009 2:27pm Mar 18, 2009 2:27pm
Due to the Synthetic nature of GBP/JPY itīs very common to see very deep spikes in this pair during very important News releases like today. The fact is that ALWAYS one leg of the pair (in this case USD/JPY) acts faster than the other one (GBP/USD) producing the spike and after some minutes the pair tends to stabilize. All this give us an easy oportunity to enter a trade against the spike take some profit (in this case +200 pips) and let the rest of the position run with SL at break even.

The result??? a nice PB is formed and you are in the trade at the very begining of the PB.

Attached 4H Chart.

Price Action Rocks....
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-JPY PB.JPG Size: 174 KB
47 traders viewing now