james16 Chart Thread | Page 1468 | 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

  • #29,341
  • May 6, 2009 9:51pm May 6, 2009 9:51pm
Quoting raczekfx
... just an observation.
.
SELL SELL SELL SELL SELL SELL SELLLLLLLLLLLLL!! Sell your house, your dog, your grandma!!!!! CHAOS REIGNS!!!!


Actually I'm buying both right now... buying CAD, shorting yen... shorting cable.. and buying gbpjpy... (nice little hedge huh, didn't even notice it until I was looking over my positions)

Next few days should be fun.
Mr. Trend
  • #29,342
  • May 6, 2009 9:54pm May 6, 2009 9:54pm
Ah well... sometimes the best position for your account is no position...Wait for the best trades... only takes 1 trade to reach a nice monthly return.

Josh[/quote]
J rookie of the year thats all it really takes actually 4 a year 1 monster
  • #29,343
  • May 6, 2009 10:53pm May 6, 2009 10:53pm
Quoting pipmyride
i dont mean to be rude - but do you even know what this thread is about ??

How do u see pins/other pa on a line chart ??


pipmyride,

I've been following this thread for a long time now(just have not been posting) and of course i know all the price action setups. I just use line charts to better see PPZs and TL but all my trading is done through bar charts like everyone else here. I was just showing a classic example of what price does during a break out(as thought by Mike) and wanted to see if all the experienced traders agree with this or if i am completely off.
  • #29,344
  • May 6, 2009 11:14pm May 6, 2009 11:14pm
i used to do this. line charts can give you a perspective that you dont usually see with any kind of a bar/candle chart. i used to spend hour upon hour trying to develope a pullback method with a line chart. the other thing they are good at is showing 123 tops and bottoms.



Quoting tormo
pipmyride,

I've been following this thread for a long time now(just have not been posting) and of course i know all the price action setups. I just use line charts to better see PPZs and TL but all my trading is done through bar charts like everyone else here. I was just showing a classic example of what price does during a break out(as thought by Mike) and wanted to see if all the experienced traders agree with this or if i am completely off.
  • #29,345
  • May 6, 2009 11:22pm May 6, 2009 11:22pm
jim,

so is it valid to use line carts for daily and weekly PPZ or are bars better? For me with line charts its so much easier to see PPZs and TLs and breakouts. When i see possible setups then i uses price action for entry. Is this Ok
  • #29,346
  • May 6, 2009 11:28pm May 6, 2009 11:28pm
Firstly, thanks so much to everyone that has contributed to the sucess of this thread. The amount of information, knowledge and experience one can acquire is just fantastic(yes I have read much of this thread and even remember when it was fairly new). Recently, after a year or so I have decided to jump back into trading and would like some feedback on a particular set-up.

After looking over the Daily Charts, I believe we have a BEOVB on the USD/CAD daily.

Here is what I see on the positive side

1.) Decent Sized Bar which would indicate a fair amount of selling pressure
2.) Plenty of Space for it to move down to 61.8 without much support
3.) With Daily Trend and Market Sentiment
4.) Daily Price has already been broken.

On the negative side

1.) At the 50 Fib on Weekly
2.) Lots of Interest Statements later on in the evening.
3.) No Supporting Divergence

Any feedback would be appreciated on the quality of this set-up.
Attached Image
  • #29,347
  • May 6, 2009 11:47pm May 6, 2009 11:47pm
Quoting Rosco_P
Firstly, thanks so much to everyone that has contributed to the sucess of this thread. The amount of information, knowledge and experience one can acquire is just fantastic(yes I have read much of this thread and even remember when it was fairly new). Recently, after a year or so I have decided to jump back into trading and would like some feedback on a particular set-up....


Hey rosco whats up bud


Remember we want to see beobs up at swing highs. This is at a swi g low and has a chasing the move feel. At a very deep swing low like that we dont know when price might be ready to turn around. Continuation bars are best played as breakouts from my experience.

Welcome back

Mike
  • #29,348
  • May 7, 2009 12:00am May 7, 2009 12:00am
i dont see why not if it helps you. some people myself included are visual by nature.


jim

Quoting tormo
jim,

so is it valid to use line carts for daily and weekly PPZ or are bars better? For me with line charts its so much easier to see PPZs and TLs and breakouts. When i see possible setups then i uses price action for entry. Is this Ok
  • #29,349
  • May 7, 2009 12:24am May 7, 2009 12:24am
Quoting tormo
pipmyride,

I've been following this thread for a long time now(just have not been posting) and of course i know all the price action setups. I just use line charts to better see PPZs and TL but all my trading is done through bar charts like everyone else here. I was just showing a classic example of what price does during a break out(as thought by Mike) and wanted to see if all the experienced traders agree with this or if i am completely off.
OK im sorry about that - its just that these great threads sometimes get cluttered with so much rubbish that that pic took me by surprise .

Maybe a better explanation of what you're seeing in that particular chart as you have done now would have been good

Apologies
  • #29,350
  • May 7, 2009 1:44am May 7, 2009 1:44am
Quoting tormo
jim,

so is it valid to use line carts for daily and weekly PPZ or are bars better? For me with line charts its so much easier to see PPZs and TLs and breakouts. When i see possible setups then i uses price action for entry. Is this Ok
for what its worth i agree that this can provide some v.nice setups. For this type of trade it is important to have TLs drawn from both h/l AND close price,especially for the longer TFs. i have found that price often breaks out from the TLs drawn from h/l but comes back to retest the TLs drawn from close prices. this method helped me identify the turn around of both the cable and fiber and led to a v.profitable week of trading.
i was also looking at that particular setup you posted but didnt find the pa. i took the previous 4h pin that retested the breakout
while on the subject, this is another TL setup i want to master!!! i missed this as im not ready to trades these setups live just now, but it is definatly one to add to my toolbox.
bundyraider i would like your take on this chart if youve got the time??
cheers
jon
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 hour.jpg Size: 119 KB
Click to Enlarge Name: 15min.jpg Size: 116 KB
PATIENCE... DISCIPLINE
  • #29,351
  • May 7, 2009 1:50am May 7, 2009 1:50am
Quoting g_j_hook@yah
for what its worth i agree that this can provide some v.nice setups. For this type of trade it is important to have TLs drawn from both h/l AND close price,especially for the longer TFs. i have found that price often breaks out from the TLs drawn from h/l but comes back to retest the TLs drawn from close prices. this method helped me identify the turn around of both the cable and fiber and led to a v.profitable week of trading.
i was also looking at that particular setup you posted but didnt find the pa. i took the previous 4h pin that retested...

nice jon
  • #29,352
  • May 7, 2009 2:03am May 7, 2009 2:03am
i liked this.
Attached Image (click to enlarge)
Click to Enlarge Name: joke of the day.jpg Size: 116 KB
PATIENCE... DISCIPLINE
  • #29,353
  • May 7, 2009 4:50am May 7, 2009 4:50am
Hi Jon

How do you get the average daily range to show on your charts?...thanks.
  • #29,354
  • May 7, 2009 5:14am May 7, 2009 5:14am
Quoting Jeev121
Hi Jon

How do you get the average daily range to show on your charts?...thanks.
try these....
Attached File(s)
File Type: mq4 ranges.mq4   5 KB | 658 downloads
File Type: mq4 Daily range.mq4   9 KB | 604 downloads
File Type: mq4 J16 Daily Range Calculator b-clock combo.mq4   9 KB | 738 downloads
PATIENCE... DISCIPLINE
  • #29,355
  • May 7, 2009 5:44am May 7, 2009 5:44am
weekly BUOB shaping up nicely...wonder what the news will bring??
Attached Image (click to enlarge)
Click to Enlarge Name: weekly.jpg Size: 89 KB
PATIENCE... DISCIPLINE
  • #29,356
  • May 7, 2009 8:51am May 7, 2009 8:51am
beautiful BUOB on eur/aud 4H!
swing low with daily bullish divergence!
  • #29,357
  • May 7, 2009 8:53am May 7, 2009 8:53am
Everybody quiet today. This pa is insane. Been on the sidelines watching the show.
"Don't trade to trade . . . trade to win." - James16
  • #29,358
  • May 7, 2009 8:56am May 7, 2009 8:56am
Me too for a couple of days watching on the sidelines. In these kind of times our patience will be tested.

Quoting Flem26
Everybody quiet today. This pa is insane. Been on the sidelines watching the show.
  • #29,359
  • May 7, 2009 8:57am May 7, 2009 8:57am
strange.. lets sell gold?
Attached Image (click to enlarge)
Click to Enlarge Name: goldh4.gif Size: 15 KB
  • #29,360
  • May 7, 2009 8:57am May 7, 2009 8:57am
1.35 should provide some sparks
Patience + Humility + Study = Success
141 traders viewing now