james16 Chart Thread | Page 1302 | 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

  • #26,021
  • Apr 3, 2009 7:46am Apr 3, 2009 7:46am
Quoting arcus
I can surely call you Nostradamus of the market lol Spread on my ibfx does not increase, something weird. Usually it would increase like crazy.
What would be a surprise result?

The outcome couldn't have been anything unexpected. Not at the moment anyway.

I don't trade NFP. Couldn't care less. But it's always interesting to look at.
Bundy's status today: "Waiting..."
  • #26,022
  • Apr 3, 2009 7:50am Apr 3, 2009 7:50am
Quoting bundyraider
What would be a surprise result?

The outcome couldn't have been anything unexpected. Not at the moment anyway.

I don't trade NFP. Couldn't care less. But it's always interesting to look at.
I assumed that no one is interested, less volume, no reason to increase spread. I dont trade NFP too due to my lack of knowledge but seeing how Rac analysis looks very very interesting.
  • #26,023
  • Apr 3, 2009 7:57am Apr 3, 2009 7:57am
Quoting arcus
I assumed that no one is interested, less volume, no reason to increase spread. I dont trade NFP too due to my lack of knowledge but seeing how Rac analysis looks very very interesting.
Less volume is usually a factor in wider spreads.
Bundy's status today: "Waiting..."
  • #26,024
  • Apr 3, 2009 8:02am Apr 3, 2009 8:02am
Quoting bundyraider
Less volume is usually a factor in wider spreads.
Hmm..that shows my lack of knowledge But I can see the logic behind it, but during news, should be greater volume since big player coming in. Well, I don't know bout this stuff but it's interesting. I'll see ya guys later. Exams in early morning,that's how I like it lol!!!!
  • #26,025
  • Apr 3, 2009 8:17am Apr 3, 2009 8:17am
Quoting raczekfx
Here is my last strat of the week for NFP....

1. limit buy 15-20ps away from current price (as of 8:28)
2. crosses involved: eu, gu, gj, ej and uj
3. sl 20-30ps, tp for half at 30ps profit, sl moved to be on remainder
4. question is long or short limit...? I know the answer but it would be signaling... (in the PF)
Could you please post an update with results, thanks
  • #26,026
  • Apr 3, 2009 8:29am Apr 3, 2009 8:29am
Hello Everyone,

I was wondering if anyone has any charts explaining PA with MACD divergence. That appears to be one of my weak points at the moment.


Thanks all...
  • #26,027
  • Apr 3, 2009 8:32am Apr 3, 2009 8:32am
Quoting layton
Hello Everyone,

I was wondering if anyone has any charts explaining PA with MACD divergence. That appears to be one of my weak points at the moment.


Thanks all...
Here is a little divergence cheat sheet I found on the web hope it helps....

http://www.babypips.com/school/diver...eat_sheet.html
  • #26,028
  • Apr 3, 2009 8:34am Apr 3, 2009 8:34am
Quoting layton
Hello Everyone,

I was wondering if anyone has any charts explaining PA with MACD divergence. That appears to be one of my weak points at the moment.


Thanks all...
Hey Layton

Here is a more recent example of a really solid trade using Divergence as a tool.

We have a triple top and a pinbar(arrow). Now notice how price is not moving down but higher, or staying at the same level. While MACD is continuing to move lower. So price is going one way, and MACD is moving another way or diverging. This differing in opinion b/w price and the oscillator(macd), is divergence.


Hope that helps
Mike
Attached Image (click to enlarge)
Click to Enlarge Name: a3.gif Size: 16 KB
  • #26,029
  • Apr 3, 2009 9:08am Apr 3, 2009 9:08am
Quick question...

How many bars after a pin is the "break of the pin signal" valid for entering into a trade?
WARNING: Don't follow me as I'm just learning
  • #26,030
  • Apr 3, 2009 9:09am Apr 3, 2009 9:09am
Quoting mbqb11
Hey Layton

Here is a more recent example of a really solid trade using Divergence as a tool.

We have a triple top and a pinbar(arrow). Now notice how price is not moving down but higher, or staying at the same level. While MACD is continuing to move lower. So price is going one way, and MACD is moving another way or diverging. This differing in opinion b/w price and the oscillator(macd), is divergence.


Hope that helps
Mike
And that pin bar...will stay in Mike's textbook for years to come
I believe . . .
  • #26,031
  • Apr 3, 2009 9:13am Apr 3, 2009 9:13am
So what sup anyways guys,

Hope Ya'll are enjoyin' the distended weekend,

I had a good time getting rid of all my ...

was getting less than 4 hours a day for sleep during this exam week, and these were only some damn school exams....Wonder what I'll do in my finals...
I believe . . .
  • #26,032
  • Apr 3, 2009 9:26am Apr 3, 2009 9:26am
Hello all:

So glad to have found this forum .

EUR/AUD seems to have bounced off major s/r level @ 1.86 ppz, is now @ 1.88. Daily seems to be forming a pin. Next hurdles would be 1.8883, and 38% retracement @ 1.8966. Looking for opinions on whether this pair would be good to go long, considering PA is also forming a descending triangle, but could be a long way off of breaking to the downside. I'd see entry somewhere above the mentioned hurdles...

TIA for your guidance!

Heidi
  • #26,033
  • Apr 3, 2009 9:27am Apr 3, 2009 9:27am
Quoting ghous
So what sup anyways guys,

Hope Ya'll are enjoyin' the distended weekend,

I had a good time getting rid of all my ...

was getting less than 4 hours a day for sleep during this exam week, and these were only some damn school exams....Wonder what I'll do in my finals...
Hi Ghous and guys...NFP day coincides with my daughter finishing school early for end of term here in London...so I have been hassling her with some worksheets on fractions...prize for getting these right is to help me change the water in her fish tank!!!...yea I know what a great dad I am...any road thanks to you and the rest of you guys helping on this thread...I will get back to real trading next week and will try and post any trades that I am considering along with my plan of attack.
  • #26,034
  • Apr 3, 2009 10:06am Apr 3, 2009 10:06am
Quoting ghous
So what sup anyways guys,

Hope Ya'll are enjoyin' the distended weekend,

I had a good time getting rid of all my ...

was getting less than 4 hours a day for sleep during this exam week, and these were only some damn school exams....Wonder what I'll do in my finals...
I think most part of the world have the same exams around this time of year..and NFP day lololol I still have one more to go next week and this one going to be hard...financial math, i like this subject but i dont like the exams hahaha it makes me feel stupid
  • #26,035
  • Apr 3, 2009 10:07am Apr 3, 2009 10:07am
Hi adam777

I'm new here but have been reading this thread every day for a while now and have seen that question before...

Technically the pin is still valid 2 or 3 bars later but most people in here will cancel their order if it doesn't break in the next bar because we want Pins that have some momentum to them and ideally break hard on the next bar. I have experimented with both and am definitely leaning on taking the break only if it occurs on the next bar.


Quoting adam777
Quick question...

How many bars after a pin is the "break of the pin signal" valid for entering into a trade?
  • #26,036
  • Apr 3, 2009 10:14am Apr 3, 2009 10:14am
Quoting adam777
Quick question...

How many bars after a pin is the "break of the pin signal" valid for entering into a trade?
Hi adam777,

I'm also new here and reading everyday. While I'm sure there are better examples in here, this one worked very well for me this week as an example of a hard break.

http://www.forexfactory.com/showpost...ostcount=26020
Ghost Rider - WWTBMD?
  • #26,037
  • Apr 3, 2009 10:15am Apr 3, 2009 10:15am
Hi All,

Have read the first 100 pages or so of this thread and have checked out the PF. The help and advise given on here is incredible - you should all be very proud. I am seriously considering joining the PF. I have been trading for a few months spread betting UK equities but came across this thread via the T2W site. Being used to spread betting I am struggling with the concept of position / lot sizes and $ per pip. I'm sure this is simple and I'm probably making it more complicated than it needs to be - can anyone enlighten me using a (very) basic example? Thanks in advance - keep up the good work!
  • #26,038
  • Apr 3, 2009 10:18am Apr 3, 2009 10:18am
Quoting Leebar
Hi All,
..can anyone enlighten me using a (very) basic example? Thanks in advance - keep up the good work!
You could go to http://www.babypips.com for basic example. I assume you mean by basic of how trading forex works. They have very good example and very easy to understand. Hope it helps!
  • #26,039
  • Apr 3, 2009 10:18am Apr 3, 2009 10:18am
Thanks Gorubin & Chris!
WARNING: Don't follow me as I'm just learning
  • #26,040
  • Apr 3, 2009 10:27am Apr 3, 2009 10:27am
Thanks Arcus - appreciate it.
41 traders viewing now