james16 Chart Thread | Page 1463 | 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

  • #29,241
  • May 5, 2009 8:51pm May 5, 2009 8:51pm
Quoting Alexandra
There - now don't say I never gave you anything. Now to find a good level in USDJPY...hmmm...
Already gone for me, just closed at 98.08.
Bundy's status today: "Waiting..."
  • #29,242
  • May 5, 2009 8:59pm May 5, 2009 8:59pm
Yes...98 produced a hiccup there for a few - it's the short term 38 level......remember I am bullish long term...was hoping for the 50...may just have to add some in here....that's not an endorsement....yet (in case anyone is listening)...after all, this is a PB forum!
  • #29,243
  • May 5, 2009 9:05pm May 5, 2009 9:05pm
Quoting raczekfx
I'm just watching silently bulls trap developing on equities ..... (for those who trade it, I have a good weekly resistance at 8420.. time to sell e/j....)
oh sweet pips..
ej (beautiful arch 4hr), gj, au, eu..
  • #29,244
  • May 5, 2009 9:06pm May 5, 2009 9:06pm
Quoting Alexandra
Yes...98 produced a hiccup there for a few - it's the short term 38 level......remember I am bullish long term...was hoping for the 50...may just have to add some in here....that's not an endorsement....yet (in case anyone is listening)...after all, this is a PB forum!
I was thinking more along the lines of the weekly chart. Wasn't interested in holding my free short pos further than this...
Attached Image
Bundy's status today: "Waiting..."
  • #29,245
  • May 5, 2009 9:08pm May 5, 2009 9:08pm
Quoting raczekfx
oh sweet pips..
ej (beautiful arch 4hr), gj, au, eu..
props man. you called that one . . .
"Don't trade to trade . . . trade to win." - James16
  • #29,246
  • May 5, 2009 9:09pm May 5, 2009 9:09pm
Indeed, that's a smart play in my opinion for you - good work!
  • #29,247
  • May 5, 2009 9:16pm May 5, 2009 9:16pm
LOL - smarter by the minute - Indeed, good for both of us!
  • #29,248
  • May 5, 2009 9:27pm May 5, 2009 9:27pm
Quoting raczekfx
oh sweet pips..
ej (beautiful arch 4hr), gj, au, eu..
That is a nice arch.
Bundy's status today: "Waiting..."
  • #29,249
  • May 5, 2009 9:36pm May 5, 2009 9:36pm
Hey Mark,
in what price did you trigger ej?.

Quoting raczekfx
oh sweet pips..
ej (beautiful arch 4hr), gj, au, eu..
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #29,250
  • May 5, 2009 9:41pm May 5, 2009 9:41pm
Quoting Alexandra
LOL - smarter by the minute - Indeed, good for both of us!
BTW, I was using the your 38.2% as well for confluence purposes. Deleted it for clarity.

Will be cool if this makes it down to 97.15 area.
Might be worth watching later.

Not prepared to go long until then. OR... Alternatively , a more convincing break above the current consolidation area on the weekly. (That's just me though! )
Bundy's status today: "Waiting..."
  • #29,251
  • May 5, 2009 9:52pm May 5, 2009 9:52pm
Quoting bundyraider
BTW, I was using the your 38.2% as well for confluence purposes. Deleted it for clarity.

Will be cool if this makes it down to 97.15 area.
Might be worth watching later.

Not prepared to go long until then. OR... Alternatively , a more convincing break above the current consolidation area on the weekly. (That's just me though! )
No worries - that's the nice part about this - it's about entries and timmeframes...right now we both look good! Hmmm...can that last? One can see PB's in each context..then it's about MM.
  • #29,252
  • May 5, 2009 9:56pm May 5, 2009 9:56pm
OK - just to keep it interesting - long EURJPY at the 38 off of the weekly PB. Of course, there is a 15 min PB (not that I looked!)
  • #29,253
  • May 5, 2009 10:26pm May 5, 2009 10:26pm
Quoting Alexandra
OK - just to keep it interesting - long EURJPY at the 38 off of the weekly PB. Of course, there is a 15 min PB (not that I looked!)
Can you show a chart of this? My feed doesn't show anything near a weekly PB. I show a BUOB, but no PB.

I did not trade the BUOB. Not sure why at this point
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 13 KB
"Money is easy to make, but hard to keep" - FWV 1975
  • #29,254
  • May 5, 2009 10:43pm May 5, 2009 10:43pm
Sorry - wrong term. You are correct!

LOL - I know why! - that market is one of the diciest - and the most rewarding. I think many of us who profited on the large selloff were focussed in that arena.

Quite honestly, you are likely better off trading it after a retracement of the reversal, so to speak. It may still be early for this wave, so there is certainly a lot of opportunity. There is no need to call the initial phase of the double bottom...but it really has struggled to break resistance. No wonder - I see it a banner for the global economy. It does have large capacity to frustrate right now though.
  • #29,255
  • May 5, 2009 10:59pm May 5, 2009 10:59pm
Quoting Alexandra
Sorry - wrong term. You are correct!

LOL - I know why! - that market is one of the diciest - and the most rewarding. I think many of us who profited on the large selloff were focussed in that arena.

Quite honestly, you are likely better off trading it after a retracement of the reversal, so to speak. It may still be early for this wave, so there is certainly a lot of opportunity. There is no need to call the initial phase of the double bottom...but it really has struggled to break resistance. No wonder - I see it a banner for the global...
No problem. I thought my old brain and eyes were failing me.

So, to be sure I undersand as a novice, looking at the attached daily chart, you would be long at about 129.60, which is at the 38 fib of last weeks runup. Right?
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 16 KB
"Money is easy to make, but hard to keep" - FWV 1975
  • #29,256
  • May 5, 2009 11:00pm May 5, 2009 11:00pm
Quote
Sask?, no thanks.
Fiji, NZ, Aussie, Singapore, yes, but -40C is too much of a good thing for me.

Quoting Flem26
Aw come on, I'm originally from Florida. If I can handle -40 C anyone can.
Hmmmmm... Isn't Alaska cold enough? Maybe i should stay there (Sask) for a couple of weeks, as part of my training prior to summitting Mt. Everest. Thanks for the tip
  • #29,257
  • May 5, 2009 11:22pm May 5, 2009 11:22pm
Quoting bjohn34
No problem. I thought my old brain and eyes were failing me.

So, to be sure I undersand as a novice, looking at the attached daily chart, you would be long at about 129.60, which is at the 38 fib of last weeks runup. Right?
Yes, that is one potential target....risk aversion flows may get us there before the stress tests it seems...but it will require some precision against the current backdrop....good opportunity, but also some risk intra-day. Many here would like to see a shorter term PB to confirm first.
  • #29,258
  • May 5, 2009 11:31pm May 5, 2009 11:31pm
Quoting Alexandra
Yes, that is one potential target....risk aversion flows may get us there before the stress tests it seems...but it will require some precision against the current backdrop....good opportunity, but also some risk intra-day. Many here would like to see a shorter term PB to confirm first.
thanks. i will watch it for information, but at this stage of my PA education it may be too complicated for me to evaluate and trade.
"Money is easy to make, but hard to keep" - FWV 1975
  • #29,259
  • May 6, 2009 3:57am May 6, 2009 3:57am
Quoting mbqb11
Now here we are zoomed in. This is a great way to trade off a daily mindset. We had a retrace touch the 61.8 exactly, now we try to find confirming price action.
Hello Mike and experienced traders

I could not know why the great pin bar that s failed? I know that it is so early entering order when price was nor broken low of pinbar. Our of this, i didn't find out any other reasons making the pin bar failed.
If you guys, experienced ones will explain me the issue or this one is an exception?
Thank you
forexngo
Attached Image (click to enlarge)
Click to Enlarge Name: audaily.gif Size: 21 KB
  • #29,260
  • May 6, 2009 4:06am May 6, 2009 4:06am
Quoting forexngo
Hello Mike and experienced traders

I could not know why the great pin bar that s failed? I know that it is so early entering order when price was nor broken low of pinbar. Our of this, i didn't find out any other reasons making the pin bar failed.
If you guys, experienced ones will explain me the issue or this one is an exception?
Thank you
forexngo
hi there forexngo, you cant say that the pin failed, it MUST break before it is a valid pin bar,up untill that point you are still guessing, an educated guess mabye but it is still a guess. a better time to trade the bar of a retrace is after it has broken. the pin bar represents a change of momentum from bulls to bears or visa versa but whos to say if the momentum has changed enough to reverse the pair?? it could end up being just a pause in its current path. When the bar breaks it shows the CONTINUED momentum of the buying/selling pressure and confirms the move.
hope this helps
jon
PATIENCE... DISCIPLINE
43 traders viewing now