james16 Chart Thread | Page 1234 | 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

  • #24,661
  • Mar 24, 2009 9:23am Mar 24, 2009 9:23am
Quoting krue
This pair probably still has the steam going up, I won't feel surprised to see it breakout the congestion area before falling down to its place where it is supposed to be??? what ever it is, I should not hope for anything out of it. we will see. have nice trade.
Larger the front stronger the analysis...

For this particular reason it is highly recommended that you start off from the weekly or the daily regardless of whether you're a lower tf trader or one who is fond of the highers,

Aside from that neophyte support trend line you drew on the recent lows on the 4H, what else convinces you that we'll see more bulls?

On the contrary what would make you think that only just after it's resilience off a "Three Bar High" price would want to go back and test it again, provided further that we are not placed at any major support source on the daily?
Attached Image (click to enlarge)
Click to Enlarge Name: eu daily.gif Size: 14 KB
I believe . . .
  • #24,662
  • Mar 24, 2009 9:29am Mar 24, 2009 9:29am
Looks like it's pinbar time! 8hr pin on the G/J which looks good IMO. E/G also looking nice. G/C looks like a bit too much traffic there. Opinions would be appreciated.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pb_eg4.gif Size: 16 KB
Click to Enlarge Name: pb_gbpchf.gif Size: 17 KB
Click to Enlarge Name: pb_gbpjpy.gif Size: 14 KB
  • #24,663
  • Mar 24, 2009 9:31am Mar 24, 2009 9:31am
I realize that most charts displaying here have sunday candle merged into Monday candle. How I can do that? Is it an some option in charts. I am using IBFX demo and meta trader demo for charts and trading. Any suggestion to merge or ignore the sunday candle on charts?
  • #24,664
  • Mar 24, 2009 9:43am Mar 24, 2009 9:43am
Quoting artov
Looks like it's pinbar time! 8hr pin on the G/J which looks good IMO. E/G also looking nice. G/C looks like a bit too much traffic there. Opinions would be appreciated.
Hey Artov,

Carefull with the GBP/JPY bars, the close of those two 4h bars wasn't within the previous bar, so technically NOT a PB.

EUR/GBP however is the better looking of the other two options.

Best,
Chris
  • #24,665
  • Mar 24, 2009 10:04am Mar 24, 2009 10:04am
yes, chris,
I was watching that pair, I like it. This pinbar has confluence with ema25+fib, also with resistence previous bars.
Any comment, is welcome?
Attached Image
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #24,666
  • Mar 24, 2009 10:19am Mar 24, 2009 10:19am
Quoting 786 trading
I realize that most charts displaying here have sunday candle merged into Monday candle. How I can do that? Is it an some option in charts. I am using IBFX demo and meta trader demo for charts and trading. Any suggestion to merge or ignore the sunday candle on charts?
No expert, just sharing my thoughts. I will ignore the Sunday candle as it is small and irrelevant to me. (At least that is how I see it)
  • #24,667
  • Mar 24, 2009 10:36am Mar 24, 2009 10:36am
nice Daily pin developing on EUR/JPY. still 8 hours left till close in UK.

still looking for a broker that Daily candles close earlier that midnight in UK, anyone know ?
  • #24,668
  • Mar 24, 2009 10:39am Mar 24, 2009 10:39am
Quoting ghous
Larger the front stronger the analysis...

For this particular reason it is highly recommended that you start off from the weekly or the daily regardless of whether you're a lower tf trader or one who is fond of the highers,

Aside from that neophyte support trend line you drew on the recent lows on the 4H, what else convinces you that we'll see more bulls?

On the contrary what would make you think that only just after it's resilience off a "Three Bar High" price would want to go back and test it again, provided...
hi Ghous,

The idea that I had about TBH or TBL was that they work well as a trend continuation signal. I thought that, in this specific case, the "normal " way to play them was to wait for a breakout for the upside.

I don't understand what is your criteria for your entry. Can you please clarify that?

Ty in advance
  • #24,669
  • Mar 24, 2009 10:40am Mar 24, 2009 10:40am
Quoting ikki
yes, chris,
I was watching that pair, I like it. This pinbar has confluence with ema25+fib, also with resistence previous bars.
Any comment, is welcome?
I like the location of this PB, nice 4h ppz which can be seen from zooming the chart out. Areas of potential resistance are marked on the chart. I'd expect this one to move slowly as we're only 1h away from London close.

Best,
Chris
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbp 4h 240309.gif Size: 33 KB
Click to Enlarge Name: eurgbp 4ha 240309.gif Size: 24 KB
  • #24,670
  • Mar 24, 2009 10:43am Mar 24, 2009 10:43am
Quoting advfntrader
nice Daily pin developing on EUR/JPY. still 8 hours left till close in UK.

still looking for a broker that Daily candles close earlier that midnight in UK, anyone know ?
FXPro - 10pm
Alpari UK - 11pm
Interbank FX - 12am

Personally I use all 3
  • #24,671
  • Mar 24, 2009 11:28am Mar 24, 2009 11:28am
thanks Chris.

so you place orders just after midnight in UK then ?

Quoting Chris P
FXPro - 10pm
Alpari UK - 11pm
Interbank FX - 12am

Personally I use all 3
  • #24,672
  • Mar 24, 2009 11:28am Mar 24, 2009 11:28am
Quoting 786 trading
I realize that most charts displaying here have sunday candle merged into Monday candle. How I can do that? Is it an some option in charts. I am using IBFX demo and meta trader demo for charts and trading. Any suggestion to merge or ignore the sunday candle on charts?
You cannot merge a Sunday bar into the Monday bar,

The only authority to exercise this is your broker and it's feed. You will have to bear these bears if you're watching ODL, Fxpro or IBFX,

And if you're really uncomfortable with them you should set up a demo account with Fxopen or FXDD or Alpari or SIG (liteforex) none of these have those irritating tiny Sunday bars.

Thing is looking at a different mt4 to make a descion and then carrying it out on some other mt4 (difference of feeds can become a nuisance) can become more irritating than bearing the existance of these Sunday bars and making your descions on a single platform, most ppl just get used to ignoring them every week, not a major issue anyways...

Regards,
Ghous.
I believe . . .
  • #24,673
  • Mar 24, 2009 11:45am Mar 24, 2009 11:45am
Quoting Luso
hi Ghous,

The idea that I had about TBH or TBL was that they work well as a trend continuation signal. I thought that, in this specific case, the "normal " way to play them was to wait for a breakout for the upside.

I don't understand what is your criteria for your entry. Can you please clarify that?

Ty in advance
That's right,

However we haven't really seen price behaving in a way that would point towards any intention to break the Three Bar high, for a short the three bar high was actually a good signal given that we rebounded off the three highs rather than attempting to surpass them with bullish strength.

PS my entry was the break of the low of the Inside bar which is the middle bar in that package of three bars forming the the three Bar high..

Regards,
Ghous.
I believe . . .
  • #24,674
  • Mar 24, 2009 11:48am Mar 24, 2009 11:48am
Quoting Chris P
I like the location of this PB, nice 4h ppz which can be seen from zooming the chart out. Areas of potential resistance are marked on the chart. I'd expect this one to move slowly as we're only 1h away from London close.

Best,
Chris
hey bud, sup?

Long time eh?
I believe . . .
  • #24,675
  • Mar 24, 2009 12:36pm Mar 24, 2009 12:36pm
Quoting advfntrader
thanks Chris.

so you place orders just after midnight in UK then ?
Yup, then up again at 6am
  • #24,676
  • Mar 24, 2009 12:39pm Mar 24, 2009 12:39pm
Quoting ghous
hey bud, sup?

Long time eh?
Hey Ghous,

I'm always around matey, just lots on with work at the mo so not much time for posting. Managing to keep my eyes on the charts though

Done with your exams yet?
  • #24,677
  • Mar 24, 2009 12:53pm Mar 24, 2009 12:53pm
Eur/GBP, the bar is higher than previous bar, so it's invalidate. or could be a H8 bar . will see, but if not, I will cancel my pending order.

Edit: I canceled my order...
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 19 KB
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #24,678
  • Mar 24, 2009 12:57pm Mar 24, 2009 12:57pm
Quoting ikki
Eur/GBP, the bar is high than previous bar, so it's invalidate. or could be a H8 bar . will see, but if not, I will cancel my pending order.
I've cancelled my order on this one. Euro is starting to look weaker across the board, where as Sterling is gaining. I'll wait for some PA on the daily now before jumping in on this pair.
  • #24,679
  • Mar 24, 2009 1:16pm Mar 24, 2009 1:16pm
hi all, first post on the thread and have to say after reading from page 1, its a brilliant thread. Thanks to James and all the seniors for your posts and help.

Being UK based I'm charting with ODL. I know about feed differences but it still is quite frustrating seeing a lot of potential setups posted that just aren't setups on ODL. I'm beginning to think I may have to change platform.

Anyway, to business. I'm liking eurjpy daily per attached chart, although there is still 6 hours until the close which is midnight GMT.

I have 2 fibs, one from the top around July 08 and the second from the retrace top around September 08. I also have a S/R line at 13350 going back to Sept. Theres some nice confluence that todays bar has failed at creating what may be a good looking pin/shooting star. It looks good

My question is that I have a support line at 13100 which was resistance on a few occasions since Sept 08. Given the lack of room to this possible ppz would you be taking the trade, or waiting for the 13100 support to break.

thanks

Tony H
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy2.gif Size: 30 KB
Click to Enlarge Name: eurjpy1.gif Size: 28 KB
  • #24,680
  • Mar 24, 2009 1:51pm Mar 24, 2009 1:51pm
Quoting ajhill
hi all, first post on the thread and have to say after reading from page 1, its a brilliant thread....
Hey Tony welcome to the thread

Here would be my take on the situation. The 130-131 area was clear strong resistance/support(aka PPZ). So if trading this pinbar short you are trading directly into this area. IMO this means your stop needs to get to b/e as we approach this area(marked in blue).

What I would be watching for is this area to turn back into support and look for supporting PA there.

Again still a good amount of time before the bar closes

Best
Mike
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 15 KB
45 traders viewing now