james16 Chart Thread | Page 1285 | 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

  • #25,681
  • Apr 1, 2009 2:27pm Apr 1, 2009 2:27pm
This hasn't closed yet, but it looks promising (the 4H shows a bunch of mini pbs). However, this might not be an ideal PB for a few reasons:

1. it's in some traffic
2. the next ppz down is at the 38.2 fib (which happens to be the area the previous bar reached but failed)

I'm a kindergardener in the "J16 Chart Studies School", but does my analysis make sense?
Attached Image (click to enlarge)
Click to Enlarge Name: pb.jpg Size: 440 KB
  • #25,682
  • Edited 2:40pm Apr 1, 2009 2:39pm | Edited 2:40pm
Hello,
I have 1.2700 UsdCad as a strong s/r based on weekly chart and also this hammer is at 50 % ret. I am in this one with you, if it close out somehow nice...

Edit: oh i didnt notice you have the same thing on your posted chart, lol
  • #25,683
  • Apr 1, 2009 2:43pm Apr 1, 2009 2:43pm
hi ghous,how do you like the weekly ib on eu/gb??
thanx jon
Attached Image(s) (click to enlarge)
Click to Enlarge Name: weekly.jpg Size: 110 KB
Click to Enlarge Name: daily.jpg Size: 131 KB
PATIENCE... DISCIPLINE
  • #25,684
  • Apr 1, 2009 3:44pm Apr 1, 2009 3:44pm
Quoting sn3h
Hello,
I have 1.2700 UsdCad as a strong s/r based on weekly chart and also this hammer is at 50 % ret. I am in this one with you, if it close out somehow nice...

Edit: oh i didnt notice you have the same thing on your posted chart, lol
I am looking at it as well, even if I do not like the pair. I am a bit scared, thought, because on other feeds it does not look like a PIN.
Attached Image
  • #25,685
  • Apr 1, 2009 3:46pm Apr 1, 2009 3:46pm
Quoting Triton18
I am looking at it as well, even if I do not like the pair. I am a bit scared, thought, because on other feeds it does not look like a PIN.
Then if your scared why take it?
  • #25,686
  • Apr 1, 2009 3:56pm Apr 1, 2009 3:56pm
Quoting Shermenator
Then if your scared why take it?
I said "I am looking", indeed. :-)

More, while writing candle is not yet closed, and too many times in few minutes the picture can be totally different.
  • #25,687
  • Apr 1, 2009 4:17pm Apr 1, 2009 4:17pm
Quoting Triton18
I am looking at it as well, even if I do not like the pair. I am a bit scared, thought, because on other feeds it does not look like a PIN.
I like it Triton and sn3h. Let's see how she closes. Forget the other feeds.
Indicators show the past. Price Action "Indicates" the future.
  • #25,688
  • Apr 1, 2009 4:18pm Apr 1, 2009 4:18pm
very nice ghous.

this shows that even less than A PLUS set ups are usually very tradable and profitable once you know where its going and what to do when it gets there.

new people should start with the best and discover this themselves on demo.

starting out with real money on less than A PLUS set ups are why people get into trouble and its very sad for me to see people do that.

why?

they were so damn close if they had just gone about it right.

watching this happen to someone is probably the hardest thing for me with this thread and the group.

thankfully i have many of you that do your best to help me prevent this as often as possible.

jim

Quoting ghous
This one took it's time...

At the end of the day PA still rules

Regards,
Ghous.
  • #25,689
  • Apr 1, 2009 4:21pm Apr 1, 2009 4:21pm
see previous post four. good question and it needs a good answer. ghous reply that it was decent is correct in my opinion but never confuse decent with real good or great. when you get good at this the decent ones are usually worth a profit but it should be done only after proving it on demo first.

jim

Quoting Four Kids
Ghous why did you take this OB? To me it does not appear to be at swing H/L, or at PPZ, and does appear to be in traffic.
  • #25,690
  • Edited 4:34pm Apr 1, 2009 4:23pm | Edited 4:34pm
Quoting james16
very nice ghous.

this shows that even less than A PLUS set ups are usually very tradable and profitable once you know where its going and what to do when it gets there.


jim

I was going to say to ghous, "Looks like someone been studying Jim's videos".
Indicators show the past. Price Action "Indicates" the future.
  • #25,691
  • Apr 1, 2009 4:32pm Apr 1, 2009 4:32pm
Hi guys,

I'm glad you're discussing the U/C possibility as I've been staring at the screen for the last couple of hours considering what to do!

It looks like a fairly good pin to me at a a good level of resistance - I'm thinking first obstacle at about 1.2500 and if it makes it through the next area of concern should be around 1.2400.

Any other thoughts on this?

Regards,

Dan
Attached Image (click to enlarge)
Click to Enlarge Name: uc.gif Size: 14 KB
  • #25,692
  • Apr 1, 2009 4:34pm Apr 1, 2009 4:34pm
Quoting jarroo
I like it Triton and sn3h. Let's see how she closes. Forget the other feeds.
yeah, let's see . . .
"Don't trade to trade . . . trade to win." - James16
  • #25,693
  • Apr 1, 2009 4:36pm Apr 1, 2009 4:36pm
Quoting DanUK
Hi guys,

I'm glad you're discussing the U/C possibility as I've been staring at the screen for the last couple of hours considering what to do!

It looks like a fairly good pin to me at a a good level of resistance - I'm thinking first obstacle at about 1.2500 and if it makes it through the next area of concern should be around 1.2400.

Any other thoughts on this?

Regards,

Dan
Yep... I have a sell limit on this possible PB.
  • #25,694
  • Apr 1, 2009 4:49pm Apr 1, 2009 4:49pm
Hi,
I will watch for 1.24 closely too.
Meanwhile I entered with half of planned possition at 30m hammer from s/r+50%ret. Image goes along... (hope so)
Attached Image (click to enlarge)
Click to Enlarge Name: ucm30.gif Size: 14 KB
Resistance is futile.
  • #25,695
  • Apr 1, 2009 4:56pm Apr 1, 2009 4:56pm
Ok, here is another SL on EURGBP 2 days PIN bar, long.
Nice shape, taken from daily PPZ, 38.2 fib ret. confluence.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPsl.JPG Size: 163 KB
  • #25,696
  • Apr 1, 2009 5:01pm Apr 1, 2009 5:01pm
Quoting alter
Ok, here is another SL on EURGBP 2 days PIN bar, long.
Nice shape, taken from daily PPZ, 38.2 fib ret. confluence.
Location, location, location. Real estate and trading my friend. PPZ, shape and fibs mean nothing if its not at a swing High or Low. That one is in the middle.
Indicators show the past. Price Action "Indicates" the future.
  • #25,697
  • Apr 1, 2009 5:02pm Apr 1, 2009 5:02pm
Quoting alter
Ok, here is another SL on EURGBP 2 days PIN bar, long.
Nice shape, taken from daily PPZ, 38.2 fib ret. confluence.
Hello Alter,
I see where you came from on this trade.Look at the area you were trading into though.It had no room to run.You were aiming for the bar highs....but don't forget about the bar lows.
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.gif Size: 11 KB
  • #25,698
  • Apr 1, 2009 5:05pm Apr 1, 2009 5:05pm
Quoting jarroo
I like it Triton and sn3h. Let's see how she closes. Forget the other feeds.
Imho, we'll see a retrace to about 2630/40 before it breaks tomorrow... (or small break and retrace to area mentioned and then hard break to 2450)
  • #25,699
  • Apr 1, 2009 5:06pm Apr 1, 2009 5:06pm
And what Jarro said...Beat me to it...
  • #25,700
  • Apr 1, 2009 5:06pm Apr 1, 2009 5:06pm
Quoting mbqb11
The reality of this market it is SOOOOO BIG and so diverse in its use from its primary use for business to transact on, to the growing speculation of currencies. You have many models/methods/etc. Our job as technicians are to follow the footprints and spot the bigger footprints. People are always buying and selling for their own reasons. If more people are going to sell b/c of what we call a pinbar, all the better for us.

If you want some more reading material, search the name Darkstar, and read every single one of his posts. It will help give...
E.g. Darkstars (and some others') posts at this thread: http://www.forexfactory.com/showthread.php?t=2855
One Chart is Worth Ten Thousand Words.
374 traders viewing now