james16 Chart Thread | Page 1699 | 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

  • #33,961
  • Jun 19, 2009 1:53am Jun 19, 2009 1:53am
This looks interesting PB with confluence of 365 ema & PPZ

Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 18 KB
"""" --- -- - << ..:: ALM ::.. >> - -- --- """"
  • #33,962
  • Jun 19, 2009 2:00am Jun 19, 2009 2:00am
  •  kean
  • | Joined Sep 2008 | Status: James16group Lifetime Member | 92 Posts
Hi, Just wondered if anyone took this 2 Day Pinbar off the 150 EMA?
Attached Image (click to enlarge)
Click to Enlarge Name: 020 cad-chf.gif Size: 15 KB
  • #33,963
  • Jun 19, 2009 2:01am Jun 19, 2009 2:01am
Quoting jarroo


if we know its there, we have several choices.

1. get out when it gets there for a small profit.
2. take a small partial profit and move the remainder to BE.
3. stay in with your total position hoping for a break and move your stop to BE.
4. Dont enter until the level has been broken."
Jarroo! just of curiosity, which 1 choice that you use the most?
Thanks
ALM
"""" --- -- - << ..:: ALM ::.. >> - -- --- """"
  • #33,964
  • Jun 19, 2009 2:03am Jun 19, 2009 2:03am
Quoting kean
Hi, Just wondered if anyone took this 2 Day Pinbar off the 150 EMA?
This PB is not valid until it is 'BROKEN HARD'- Just what jarroo would have said
But, definitely must be added to the 'WATCH LIST'
ALM
"""" --- -- - << ..:: ALM ::.. >> - -- --- """"
  • #33,965
  • Jun 19, 2009 2:04am Jun 19, 2009 2:04am
Quoting Almfx
Jarroo! just of curiosity, which 1 choice that you use the most?
Thanks
ALM
#2 and #4 I like the best.
Indicators show the past. Price Action "Indicates" the future.
  • #33,966
  • Jun 19, 2009 2:05am Jun 19, 2009 2:05am
Quoting Iron-man
Jim, I have heard you comment on several occasions that you spell words badly. Here's a little note my wife received via email.
I thought Jim already solved that matter when he bought a speech recognition program, someone actually got a free month PF membership for referring that program, what a guy Jim is!
  • #33,967
  • Jun 19, 2009 2:28am Jun 19, 2009 2:28am
This is also something to look at..
with PPZ and Fib. 50-60%
but the location is not at its best!
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 15 KB
"""" --- -- - << ..:: ALM ::.. >> - -- --- """"
  • #33,968
  • Jun 19, 2009 2:28am Jun 19, 2009 2:28am
Quoting Autumm
There is a the 365EMA at the bottom around 0.8470. Not much area for this pinbar to run.. However if it does break the 365, there is alot of room to run.
Thanks...I don't use 365EMA, but very helpful info. I'll keep my eye on this pair as the price approaches 365EMA. I'm sure it will have some kind of reaction as it approaches 365EMA.
  • #33,969
  • Jun 19, 2009 2:45am Jun 19, 2009 2:45am
Quoting Iron-man
Jim, I have heard you comment on several occasions that you spell words badly. Here's a little note my wife received via email.

Only "Great Minds" can read this:

fi yuo cna raed tihs, yuo hvae a sgtrane mnid too Cna yuo raed tihs? Olny 55 plepoe out of 100 can. i cdnuolt blveiee taht I cluod aulaclty uesdnatnrd waht I was rdanieg. The phaonmneal pweor of the hmuan mnid, aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it dseno't mtaetr in waht
oerdr the ltteres in a wrod are, the olny iproamtnt tihng is taht the frsit and lsat ltteer be...
I have not seen that before and was a bit stunned that I could read it as fast as normal text. Probably just confirms how shocking my spelling really is
  • #33,970
  • Jun 19, 2009 2:47am Jun 19, 2009 2:47am
  •  kean
  • | Joined Sep 2008 | Status: James16group Lifetime Member | 92 Posts
Quoting Almfx
This PB is not valid until it is 'BROKEN HARD'- Just what jarroo would have said
But, definitely must be added to the 'WATCH LIST'
ALM
Hi Almfx,

I was looking at an entry of 0.9622. Could you please explain what you mean by 'BROKEN HARD'? Do you mean wait until price moves further above the 2D pin?

Thanks, Kean
  • #33,971
  • Jun 19, 2009 2:51am Jun 19, 2009 2:51am
Careful with this one, Kean.
If you run a fib from the last swing low(13/05) up to the last swing high(01/06), then your entry level is sitting right on top of the 50 fib.
  • #33,972
  • Jun 19, 2009 3:16am Jun 19, 2009 3:16am
Quoting kean
Hi Almfx,

I was looking at an entry of 0.9622. Could you please explain what you mean by 'BROKEN HARD'? Do you mean wait until price moves further above the 2D pin?

Thanks, Kean
The entry could be around 0.9630ish (8-12 pip buffer)
'Broken-Hard' meaning 'When the PB breaks, it goes 25-30 pips in the rite direction in very short time'. The high momentum setup is the A+ setup according to the J16 crew. As interceptor says, there is fib 50,61 ahead (must be careful, must be ready for reversal)

ALM
"""" --- -- - << ..:: ALM ::.. >> - -- --- """"
  • #33,973
  • Jun 19, 2009 3:16am Jun 19, 2009 3:16am
Quoting Almfx
This is also something to look at..
with PPZ and Fib. 50-60%
but the location is not at its best!
Attachment

Bad location? Looks like it has room to run with the bottom of the pin right on the 50ema.
  • #33,974
  • Jun 19, 2009 3:17am Jun 19, 2009 3:17am
There is a lot of resistance at 97.25 area, be careful with this one guys
  • #33,975
  • Jun 19, 2009 3:18am Jun 19, 2009 3:18am
Quoting Bryan
Bad location? Looks like it has room to run with the bottom of the pin right on the 50ema.
Make that the 25ema.
  • #33,976
  • Jun 19, 2009 3:24am Jun 19, 2009 3:24am
Quoting Bryan
Bad location? Looks like it has room to run with the bottom of the pin right on the 50ema.
IMO Bad location in the sense, this bullish PB is not actually formed at swing low. The break of this PB can only mean trend continuation.
But I personally like the strong PPZ. ALM
"""" --- -- - << ..:: ALM ::.. >> - -- --- """"
  • #33,977
  • Jun 19, 2009 4:18am Jun 19, 2009 4:18am
As some of you may know from my posts I'm trading on daily timeframes exclusively. I sometimes take a sneak peak at 4HR charts to see what is going on but never base any trades around them...

So why is it that whenever I have an active trade going on I seem to dip right down to M15,M5 and even M1 timeframes to watch it!!! - Its all very sad if you ask me... I tell myself just to let it run and leave it alone but I can't resist.. I'm even starting to annoy myself LOL!!!

I hope the more experienced guys will tell me its just a phase and that I'll grow out of it!!!



Just thought I would share!!

happy trading all before the weekend close!

Fat Tom
  • #33,978
  • Jun 19, 2009 4:33am Jun 19, 2009 4:33am
Both orders filled, USDJPY already closed first half for 12 pips profit, other half on BE and currently +24 on paper.

the EURGBP is filled and and my close first half and BE is when on 20 pips profit, lets see how it goes.

This really is exciting! Big Thanks for Jarroo! I can't believe trading can be this exciting... of course this is the first time I forward tested it, still a looooot more ground to cover on it.

Remember both is still on demo for another few months I'm still nowhere near live trading for this method.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3640238595_179e2c3dc7_o.png Size: 34 KB
Click to Enlarge Name: 3641059836_584771aaeb_o.png Size: 41 KB
  • #33,979
  • Jun 19, 2009 4:34am Jun 19, 2009 4:34am
Quoting marcelnyo
I've been wanting to post my preffered charts for today...

the USDJPY 2 Day PB and EURGBP bearish PB

USDJPY
First to talk about is the USDJPY 2 Day PB, on my fxopen feed it has a good close and open, while IBFX demo feed shows a merely bullish 2 day bar. but we can also play this as an inside bar, which if we did, would trigger a trade earlier but not always a high probability of a hard break, another confluence is the 61.8 fib level from the last swing low.

The big picture of USDJPY shows a wedge forming and the 2 day pin formed off...
Very nice analysis Marcel.

These lower quality setup can't (IMO) be managed as a A+ setup. They have to be carefully watch for how they break and moved to break even or ignored (or demoed) all together. Again, the best A+ setups are what we want.

Nice work.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #33,980
  • Edited 4:49am Jun 19, 2009 4:38am | Edited 4:49am
Quoting marcelnyo
Both orders filled, USDJPY already closed first half for 12 pips profit, other half on BE and currently +24 on paper.

the EURGBP is filled and and my close first half and BE is when on 20 pips profit, lets see how it goes.

This really is exciting! Big Thanks for Jarroo! I can't believe trading can be this exciting... of course this is the first time I forward tested it, still a looooot more ground to cover on it.

Remember both is still on demo for another few months I'm still nowhere near live trading for this method.
Nothing better then no draw down (ok, 1pip) after the break to confirm that the setup is correct. Daily PB in Blue

Nice.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
23 traders viewing now