james16 Chart Thread | Page 1497 | 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

  • #29,921
  • May 13, 2009 5:13pm May 13, 2009 5:13pm
Quoting squeezy
hopefully it breaks, i see a nice divergence too
shld post a chart but im already in the trade on an aggressive entry today around 0.7580 and my stop is jst above 0.76 ppz,( on the path to discover wat kind of trader i am- aggressive or conservative)
so far, my aggressive trades hav been working out, just need fine tuning on a couple of things....lol
practice , practice and more practice is the key
cheers
Hi Squeezy. Can you tell me on which TF you see divergence? I can't find it? Maybe I am looking at MACD and you are using some other oscillator.

Thanks!

K.I.S.S.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 40 KB
  • #29,922
  • May 13, 2009 5:25pm May 13, 2009 5:25pm
Quoting KissFan
Hi Squeezy. Can you tell me on which TF you see divergence? I can't find it? Maybe I am looking at MACD and you are using some other oscillator.

Thanks!

K.I.S.S.
Hi KissFan,

I'm getting divergence on my daily TF.

Attached Image (click to enlarge)
Click to Enlarge Name: 2009-05-13_AUDUSD_BEOB.png Size: 45 KB
  • #29,923
  • May 13, 2009 5:28pm May 13, 2009 5:28pm
Quoting KissFan
Hi Squeezy. Can you tell me on which TF you see divergence? I can't find it? Maybe I am looking at MACD and you are using some other oscillator.

Thanks!

K.I.S.S.
hey kiss
its on the daily tf and im using rsi
cheers

sorry, dnt kno y, its not allowing me to post charts, my system is acting up, let me restart then ill try n post a chart
Simplicity is the key to success
  • #29,924
  • May 13, 2009 5:42pm May 13, 2009 5:42pm
Quoting squeezy
hey kiss
its on the daily tf and im using rsi
cheers

sorry, dnt kno y, its not allowing me to post charts, my system is acting up, let me restart then ill try n post a chart

OK thanks guys!
  • #29,925
  • May 13, 2009 5:46pm May 13, 2009 5:46pm
I don't like 0.75 round number as support and in my feed it isn't at swing high.
I have farther a weekly trendline at support from 1998.
  • #29,926
  • May 13, 2009 5:56pm May 13, 2009 5:56pm
Quoting deforexit
I don't like 0.75 round number as support and in my feed it isn't at swing high.
I have farther a weekly trendline at support from 1998.
I put my order below .75, can you post a chart of the Trend line? I cant see it.
Economists have forecast 9 out of the last 5 recessions
  • #29,927
  • Edited 6:38pm May 13, 2009 6:05pm | Edited 6:38pm
Those who shorted EURUSD against the resistance this morning have a nice bonus...it is perhaps time to take some profit?......to reverse??...against this moderate support level we have pounded the last few hours....or shall we let that heavy daily candle run a while more? One has to be again biased long above 3580-50 it would seem
  • #29,928
  • Edited 7:08pm May 13, 2009 6:53pm | Edited 7:08pm
Hard break on the eur/usd!!

I saw it dropping 10 pips in 1 second! Total break 30 pips! I will sell this 2 day pinbar on a retrace, kind of jarroo style.

EDIT: Short @ 1.3540, SL @ 1.3605
Attached Image (click to enlarge)
Click to Enlarge Name: pb_eu16.gif Size: 17 KB
  • #29,929
  • May 13, 2009 6:55pm May 13, 2009 6:55pm
Indeed...power of the daily over the hourly there.
  • #29,930
  • May 13, 2009 7:00pm May 13, 2009 7:00pm
Quoting artov
Hard break on the eur/usd!!

I saw it dropping 10 pips in 1 second! Total break 30 pips! I will sell this 2 day pinbar on a retrace, kind of jarroo style.

Nice.
Indicators show the past. Price Action "Indicates" the future.
  • #29,931
  • Edited 7:31pm May 13, 2009 7:06pm | Edited 7:31pm
Quoting Interceptor
Evening all.
Anybody taking the plunge with this outside bar on the Aussie? Closed under the 150ema, and seems to have a bit of room to run.

Some good talk about the Aussie tonight/morning. Looks real good. I like the confluences of potential resistence at the previous bar Low, .7560ish level. (61.80Fib and 150EMA) Beside a hard break of the BEOB, a hard break of the .7500 will also provide good confirmation.

Nice one guys.

http://i43.tinypic.com/14ag6xw.jpg
Indicators show the past. Price Action "Indicates" the future.
  • #29,932
  • May 13, 2009 7:31pm May 13, 2009 7:31pm
Would advise a gander at the USDCHF chart for comparison if thinking of shorting EURUSD longer term. I'm treating it as a nice quick hit from this morning for now.
  • #29,933
  • May 13, 2009 7:39pm May 13, 2009 7:39pm
Quoting artov
Hard break on the eur/usd!!

I saw it dropping 10 pips in 1 second! Total break 30 pips! I will sell this 2 day pinbar on a retrace, kind of jarroo style.

EDIT: Short @ 1.3540, SL @ 1.3605
Attached Image (click to enlarge)
Click to Enlarge Name: eur-0514.gif Size: 15 KB
  • #29,934
  • May 13, 2009 7:41pm May 13, 2009 7:41pm
dodgy pin bar update..
closed most of the position stop at BE....( almost)...thats over 90 pips away.!!!....
jarroo, you would be proud
jon
Attached Image (click to enlarge)
Click to Enlarge Name: 1 hour.jpg Size: 108 KB
PATIENCE... DISCIPLINE
  • #29,935
  • May 13, 2009 7:48pm May 13, 2009 7:48pm
Quoting g_j_hook@yah
dodgy pin bar update..
closed most of the position stop at BE....( almost)...thats over 90 pips away.!!!....
jarroo, you would be proud
jon

Very nice jon. Your right, the Hourly can be very dodgy.
Being ultra picky is the game.
Indicators show the past. Price Action "Indicates" the future.
  • #29,936
  • May 13, 2009 7:59pm May 13, 2009 7:59pm
Ok, I've been eyeballing this one for a while and I think it looks like a pass due to R:R being off. But I am setting my S/L near the previous bar high, I'm not sure I got this right, seems you could also put a S/L at the engulfed bar's high and improve the R:R a little. Could we consider this tradeable by using a tighter SL or is this just a pass?
Attached Image (click to enlarge)
Click to Enlarge Name: audusdbeob.gif Size: 19 KB
  • #29,937
  • May 13, 2009 8:01pm May 13, 2009 8:01pm
Quoting jarroo
Being ultra picky is the game.
jarroo, your absolutly right,the funny thing is, if i cut out this type of trading my account would be much healthier!
PATIENCE... DISCIPLINE
  • #29,938
  • May 13, 2009 8:21pm May 13, 2009 8:21pm
Quoting g_j_hook@yah
jarroo, your absolutly right,the funny thing is, if i cut out this type of trading my account would be much healthier!
This is always the case.
Indicators show the past. Price Action "Indicates" the future.
  • #29,939
  • May 13, 2009 8:28pm May 13, 2009 8:28pm
Quoting g_j_hook@yah
jarroo, your absolutly right,the funny thing is, if i cut out this type of trading my account would be much healthier!
Same, trying my best not to go below the 4hr, but its tough! I think if I had a bigger account I could be more patient. It really is tough for me with a small account to wait and wait. I might take clockworks advice and start adding what I make each month.
  • #29,940
  • May 13, 2009 8:38pm May 13, 2009 8:38pm
Looks like there is some real price rejection which might be forming some nice pinbars. Still 20 min to go.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pb_eg7.gif Size: 19 KB
Click to Enlarge Name: pb_eu17.gif Size: 17 KB
Click to Enlarge Name: pb_uchf6.gif Size: 16 KB
43 traders viewing now