james16 Chart Thread | Page 1690 | 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

  • #33,781
  • Jun 17, 2009 11:34pm Jun 17, 2009 11:34pm
Punky,
i think he's using the Bobokus Fibo indicator. search for it.

the words u see like "Retracement Pivot, Retracement Long, etc" are user inputs. meaning u can change it as u deem necessary.
Just search for that indicator.
  • #33,782
  • Jun 17, 2009 11:40pm Jun 17, 2009 11:40pm
Quoting james16
A guest video has been posted to the guest material section of the site.

It is titled - Good set ups and drawdowns.

It covers the recent EUR/CAD pin bar and the varying approaches used to trade it.

Thought i would release one for the birthday celebration.

Jim
"""" --- -- - << ..:: ALM ::.. >> - -- --- """"
  • #33,783
  • Jun 17, 2009 11:53pm Jun 17, 2009 11:53pm
Quoting rh674
Good morning...
My first chart on this thread. Encouraged by the atmosphere and supremeChaos...

4H, this suppose to be a pinbar?

Quoting Gov
G'day rh674

I've only been around here for a little while but I'll have a crack at answering your question.

The pin bar itself looks great; the location not so good. The bar to it's left has a high at almost the same level, two bars prior is a bullish PB, combination of 1.1300 PPZ and the fibo 50 just below.
(Also note the Fibo's on the last swing are upside down)
But using THIS IS CRITICAL (post 15568) there are options.
IMO not a great setup though.

I was considering this as a daily trade, but like Josh (Jduester) mentioned a few posts ago,...
Some great points on this Gov. It is definitely in some traffic (consolidation).

Just some of my views.

PB itself is real good in size and shape.
The location was real good, off a Daily PPZ 1.13600 and confluences with the 61.8. (Daily chart)

To me it was a great setup, but not a trade that I would have high expectation with due to the consolidation. So I would place the entry just below the trigger and see how it breaks. (4 Hour chart)

Nice. A hard break with no draw down. An easy 30+ pips on the 1st / break even on the 2nd half and a chance to run to the moon.
(30min chart)
Attached Images
Indicators show the past. Price Action "Indicates" the future.
  • #33,784
  • Jun 18, 2009 12:00am Jun 18, 2009 12:00am
Quote
Good morning...
My first chart on this thread. Encouraged by the atmosphere and supremeChaos...
4H, this suppose to be a pinbar?

rh674,
Glad that u were encouraged!
Overall, i believe it's beneficial to all if we get more new & old posters.
More ideas, more brainstorming, more to learn about.

Gov & jarroo made great observations, so i guess those already suffice.
  • #33,785
  • Jun 18, 2009 12:41am Jun 18, 2009 12:41am
[quote=Jduester;2810698]Simoncs,
Welcome back. Where have you been?


thanks Josh - had to get one of those job things - which has put a major dent in my trading, only now trading daily and weekly.

Agree with all your points - it is far from a perfect pin
  • #33,786
  • Jun 18, 2009 1:02am Jun 18, 2009 1:02am
Quoting jarroo
Some great points on this Gov. It is definitely in some traffic (consolidation).

Just some of my views.

PB itself is real good in size and shape.
The location was real good, off a Daily PPZ 1.13600 and confluences with the 61.8. (Daily chart)

To me it was a great setup, but not a trade that I would have high expectation with due to the consolidation. So I would place the entry just below the trigger and see how it breaks. (4 Hour chart)

Nice. A hard break with no draw down. An easy 30+ pips on the 1st / break even on the 2nd half...
the usdcad daily pin is of good shape (size wrt to previous bar), has space to run, location is good in my opinion.....
also wit the trend
has 61.8fib confluence, 365 ema and rsi divergence...
as u always say, watch how she breaks
this is one im watching for today
cheers jarroo
btw , there r questions i wld hav asked u but everytime u post a chart, i always find my answer there...thnx
Attached Image (click to enlarge)
Click to Enlarge Name: 60.gif Size: 18 KB
Simplicity is the key to success
  • #33,787
  • Jun 18, 2009 1:12am Jun 18, 2009 1:12am
Warm feeling overwhelmed me.

Thank you, Gov! Gov's answer, I had printed out and trying to chew it and digest it so as to not to enter a trade within traffic.

Also notice 4fun's chart.

Want to thank Jarroo. Jarroo had iilustrated the point that I totally missed out. I had thougt the pinbar is formed by 3 bars. So the entry I set was on the small tiny inside bar. At that point, Jarroo would have banked 30pips and BE the second half. And meantime I was suffering some loss.

Anyway, the USD/CAD position has been closed out with few loss that I can bear.

SupremeChaos: I must thank you because I found when I post I learn faster and better than just read. Big smiling...
......
  • #33,788
  • Jun 18, 2009 1:24am Jun 18, 2009 1:24am
Quoting squeezy
the usdcad daily pin is of good shape (size wrt to previous bar), has space to run, location is good in my opinion.....
also wit the trend
has 61.8fib confluence, 365 ema and rsi divergence...
as u always say, watch how she breaks
this is one im watching for today
cheers jarroo
btw , there r questions i wld hav asked u but everytime u post a chart, i always find my answer there...thnx

Thanks squeezy. It has potential. The Pin bar is not text book and the size is not bad, with the Daily trend too. Nice chart showing confluences.

Should be fun to see how she breaks. (if she breaks).
Indicators show the past. Price Action "Indicates" the future.
  • #33,789
  • Jun 18, 2009 1:26am Jun 18, 2009 1:26am
Find another chart:

Question is: Is this an BEOB with ret?

Maybe still in traffic? Seems 0.7900 was a very strong support level. This pair had tried 3 times to pierce the 0.79 veil but came back.

So considering these, it is not a good set-up?
Attached Image (click to enlarge)
Click to Enlarge Name: engulfret50au.gif Size: 22 KB
......
  • #33,790
  • Jun 18, 2009 1:29am Jun 18, 2009 1:29am
Quoting rh674
Warm feeling overwhelmed me.

Thank you, Gov! Gov's answer, I had printed out and trying to chew it and digest it so as to not to enter a trade within traffic.

Also notice 4fun's chart.

Want to thank Jarroo. Jarroo had iilustrated the point that I totally missed out. I had thougt the pinbar is formed by 3 bars. So the entry I set was on the small tiny inside bar. At that point, Jarroo would have banked 30pips and BE the second half. And meantime I was suffering some loss.

Anyway, the USD/CAD position has been closed out with few loss that...

Glad I could help, rh. Sorry I usually highlight the PA in question.
(Pin Bar in blue)
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #33,791
  • Jun 18, 2009 1:36am Jun 18, 2009 1:36am
Quoting jarroo
Glad I could help, rh. Sorry I usually highlight the PA in question.
(Pin Bar in blue)
Yes, I learnt just now that pinbar is the needle. Thank you.
......
  • #33,792
  • Jun 18, 2009 1:39am Jun 18, 2009 1:39am
Quoting rh674
Find another chart:

Question is: Is this an BEOB with ret?

Maybe still in traffic? Seems 0.7900 was a very strong support level. This pair had tried 3 times to pierce the 0.79 veil but came back.

So considering these, it is not a good set-up?
That's a nice looking BEOB, but we only play them at swing Highs and BUOB at swing Lows.

(Chart: Gbp/Usd Daily BEOB at a swing High)
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #33,793
  • Jun 18, 2009 1:46am Jun 18, 2009 1:46am
Quoting jarroo
That's a nice looking BEOB, but we only play them at swing Highs and BUOB at swing Lows.

(Chart: Gbp/Usd Daily BEOB at a swing High)
Forgot that.

Now I looked it again, found the 50% support at 0.7850, so here is highly doubtful a swing high; probably a swing low if take into consideration the recent fall...

Thank you Jarroo again!

Plus the This is critical, even if I wish to trade short, should wait the break of 0.7850-0.7900.
......
  • #33,794
  • Jun 18, 2009 1:51am Jun 18, 2009 1:51am
Never realised how much of a difference the timing of the bar closes made with different brokers untill now

My USDCAD 4h chart.

EDIT: Using FXCM Australia's mt4 demo account. Daily bar open at GMT 23:00 (9 am australia)
Attached Image (click to enlarge)
Click to Enlarge Name: broker difference.gif Size: 15 KB
  • #33,795
  • Jun 18, 2009 1:56am Jun 18, 2009 1:56am
Quoting Tipers
Never realised how much of a difference the timing of the bar closes made with different brokers untill now

My USDCAD 4h chart.

EDIT: Using FXCM Australia's mt4 demo account. Daily bar open at GMT 23:00 (9 am australia)
That's why I look at 2 to 3.

Mainly just FxPro and IBFX.
Indicators show the past. Price Action "Indicates" the future.
  • #33,796
  • Jun 18, 2009 2:13am Jun 18, 2009 2:13am
Quoting jarroo
That's why I look at 2 to 3.

Mainly just FxPro and IBFX.
Alright I got the IBFX data feed open aswell and it doens't show a good pin either...

My Apari demo shows the same as my fxcm aus charts. Could it possibly be a MT4 setting? like moving bar open/closes to australian time and altering all the feeds? (doesn't sound that likely)

Is your chart from FxPro then?
Attached Image (click to enlarge)
Click to Enlarge Name: ibfxusdcadh4.gif Size: 23 KB
  • #33,797
  • Jun 18, 2009 2:16am Jun 18, 2009 2:16am
Quoting Tipers
Alright I got the IBFX data feed open aswell and it doens't show a good pin either...

Is your chart from FxPro then?
Yes. That's the one with the clear PB.
Indicators show the past. Price Action "Indicates" the future.
  • #33,798
  • Jun 18, 2009 2:24am Jun 18, 2009 2:24am
Quoting squeezy
the usdcad daily pin is of good shape (size wrt to previous bar), has space to run, location is good in my opinion.....
also wit the trend
has 61.8fib confluence, 365 ema and rsi divergence...
as u always say, watch how she breaks
this is one im watching for today
cheers jarroo
btw , there r questions i wld hav asked u but everytime u post a chart, i always find my answer there...thnx
Reading this together with Jarroo's. Now have some idea about location, swing H/L, space, with the trend, fib etc.

I'm glad I'm in this thread.
......
  • #33,799
  • Jun 18, 2009 3:19am Jun 18, 2009 3:19am
Rac,

Any update on your trade from here?

Pretty sweet.
  • #33,800
  • Jun 18, 2009 3:22am Jun 18, 2009 3:22am
Location:Swing low
PA: DLHC
FIB: on daily, it is at the latest big swing's 61.8
Space: about that don't know how to measure it yet. maybe just the orange levels?
Trend: complicate, weekly = upward; daily = downward; 4h = chopping around.
Attached Image (click to enlarge)
Click to Enlarge Name: dlhc.gif Size: 20 KB
......
49 traders viewing now