james16 Chart Thread | Page 1902 | 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

  • #38,021
  • Jul 20, 2009 3:38am Jul 20, 2009 3:38am
Quoting PeterFM
That was your first good move...No that's fine.
Number 2 is an Outside Bar and although it finished as a Bullish one it was at a high point and followed several indecisive bars which might have forewarned of a sell off.

I would probably have taken any of the others but I'm less picky than many here so I'm maybe not the person to ask. On a 4-hr chart you need to be more careful but all these could have made pips if you kept an eye on them.

I won't make a judgement on which was the best as you can only nmake decisions in real time and a lot depends...
Thank you for your effort.....

good trading to all

pipgame
  • #38,022
  • Jul 20, 2009 4:11am Jul 20, 2009 4:11am
Well I thought that lower wick may have brought it down a bit further even tho I was thinking $ down.
The upper wick which made the pattern defective is when seen on a hanging man buying ....



Quoting Bones
Defective cause of top wick (should have little to none)hanging man on this pair would be nicer at the top of a strong trend maybe not as effective in range.Anyway I think it will break down further.
Attached Image (click to enlarge)
Click to Enlarge Name: 4)nzd usd d1 20th july.gif Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #38,023
  • Jul 20, 2009 4:28am Jul 20, 2009 4:28am
oh lala....
Bones lurked.... and posted today. (aside from yesterday's posts)
  • #38,024
  • Jul 20, 2009 4:31am Jul 20, 2009 4:31am
Hi Supreme ,thanks ,I am of course a big J16 fan ...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #38,025
  • Jul 20, 2009 4:39am Jul 20, 2009 4:39am
Quote
.....a big J16 fan ...

certainly, Sir.
  • #38,026
  • Jul 20, 2009 4:58am Jul 20, 2009 4:58am
EURUSD in an interesting sort of place at the moment.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd1hour.gif Size: 14 KB
Click to Enlarge Name: eurusd1hourlong.gif Size: 35 KB
  • #38,027
  • Jul 20, 2009 5:01am Jul 20, 2009 5:01am
Quoting mbqb11
Oh man do I remember the days of just staring at charts, printing each bar out, staring, taking them with me every where. Looking at every little detail, making a bajillion(yes that is a number amount with the amount of charts and data I put together) spreadsheets/screenshots/printouts. ... I couldn't sleep b/c when I closed my eyes I guess from staring at the monitors the charts were in my eyes and head, and I would see flashes of them, keeping me up(insomnia).. .....
almost similar experience.. lol
on my end, another thing i experienced/still experience is i hear sounds/alerts (akin to/exactly the MT4 alerts/sounds) even when my PC is turned off. this happens from time to time.
  • #38,028
  • Jul 20, 2009 5:57am Jul 20, 2009 5:57am
Quoting Bones
Well I thought that lower wick may have brought it down a bit further even tho I was thinking $ down.
The upper wick which made the pattern defective is when seen on a hanging man buying ....
Hey Bones.

Good to see you.

You gotta great kid.

Ghous.
I believe . . .
  • #38,029
  • Jul 20, 2009 6:05am Jul 20, 2009 6:05am
Quoting tac
Some pin bars on the yen pairs, on the 4hr, this one has lower highs through the round number 154. Might be good to 153.
Looks like it didn't break, If I had entered at break then I would have been ok. (didn't take this)
I hear and I forget. I see and I remember. I do and I understand.
  • #38,030
  • Jul 20, 2009 6:07am Jul 20, 2009 6:07am
James 16 is the shiznit. How are you guys doing in here, not been coming around often. Not many GJ traders here. I tried trading other pairs but it dawned on me that its GJ till i die. lol. i can stand the stress of looking for trades everywhere on everypair.lol
  • #38,031
  • Jul 20, 2009 6:07am Jul 20, 2009 6:07am
Quoting tac
I personally would not take the weekly bar, there is a PPZ at 8200 that goes back a few years. Also it seems to be in traffic rather than at an extreme low. The daily I4B looks like better from a stop size, it could go to long to 8200 or short to 7800, then a good break out or back to 8000. Just my 2p.
Looks like it broke long towards 8200, not quite there but a good trade none the less. (never took it still waiting for Oanda to process my fund)
I hear and I forget. I see and I remember. I do and I understand.
  • #38,032
  • Jul 20, 2009 6:10am Jul 20, 2009 6:10am
Dear all,

I am watching james16.com videos and I am very confused about this one. Why is the pinbar "very nice", when there was a S/R acting against it and limiting the possible profit target for a trade using the Pinbar.

Hope someone may help.

cheers,

kk
Attached Image (click to enlarge)
Click to Enlarge Name: Clipboard01.gif Size: 47 KB
  • #38,033
  • Jul 20, 2009 6:15am Jul 20, 2009 6:15am
Quoting kk007
Dear all,

I am watching james16.com videos and I am very confused about this one. Why is the pinbar "very nice", when there was a S/R acting against it and limiting the possible profit target for a trade using the Pinbar.

Hope someone may help.

cheers,

kk
The PPZ are not to the pip, and a if you are concerned about the zone just below your entry bar then place your sell stop below it or watch your trade closely as it approaches the zone.
I hear and I forget. I see and I remember. I do and I understand.
  • #38,034
  • Jul 20, 2009 6:28am Jul 20, 2009 6:28am
Hi Ghous ,thanks he’s my 3rd a real joy...good also for me to witness your continued development here and willingness to help others...

Quoting ghous
Hey Bones.

Good to see you.

You gotta great kid.

Ghous.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #38,035
  • Jul 20, 2009 6:30am Jul 20, 2009 6:30am
Quoting tac
The PPZ are not to the pip, and a if you are concerned about the zone just below your entry bar then place your sell stop below it or watch your trade closely as it approaches the zone.

Thanks tac, If I do what you said, there is another PPZ worry me. Am I too conservative?
Attached Image (click to enlarge)
Click to Enlarge Name: Clipboard02.GIF Size: 47 KB
  • #38,036
  • Jul 20, 2009 6:37am Jul 20, 2009 6:37am
Quoting kk007
Thanks tac, If I do what you said, there is another PPZ worry me. Am I too conservative?
kk007,

I have to agree with you... not that I am in anyway experienced like a lot of guys here and I don't play 4hr timeframes yet but I would be looking at that area as a first TP or at least a suitable place to move SL to BE.

but I'm just a newb so my opinions probabely don't count for much!!

Fat Tom
  • #38,037
  • Jul 20, 2009 6:40am Jul 20, 2009 6:40am
Quoting kk007
Thanks tac, If I do what you said, there is another PPZ worry me. Am I too conservative?
Not a lot was going against that bar...which is why James called it a "very nice pin bar"

The shape and the location was all great...

The underlying ppz/s was the only worry, and yes if you're super conservative "and new" you would probably skip that, but anybody who's been doing this stuff for quite some time now would know that the underlying ppz (which BTW was not immediately in the way) was no way a reason to give up on the setup "Given that all the other factors were so damn strong"

For your first few months you focus on perfect pin bars that have everything right abt them, as you grow older and more experienced you understand when a little "lineancy" can be provided to "certain" setups.

So a new trader would skip that altogether

And a more experienced campaigner would go for it but "manage it tight"...which his experience would have taught him well.

Regards,
Ghous.
I believe . . .
  • #38,038
  • Jul 20, 2009 6:41am Jul 20, 2009 6:41am
Quoting Bones
Hi Ghous ,thanks he’s my 3rd a real joy...good also for me to witness your continued development here and willingness to help others...
Wish you many more!

err...Or rather not?

lol
I believe . . .
  • #38,039
  • Jul 20, 2009 6:45am Jul 20, 2009 6:45am
Quoting ghous
Not a lot was going against that bar...which is why James called it a "very nice pin bar"

The shape and the location was all great...

The underlying ppz was the only worry, and yes if you're super conservative "and new" you would probably skip that, but anybody who's been doing this stuff for quite some time now would know that the underlying ppz (which BTW was not immediately in the way) was no way a reason to give up on the setup "Given that all the other factors were so damn strong"

For your first few months you focus on perfect pin...

Thanks a lot Ghous,

This is important:

"but anybody who's been doing this stuff for quite some time now would know that the underlying ppz (which BTW was not immediately in the way) was no way a reason to give up on the setup "Given that all the other factors were so damn strong"

That is something I want to dig into to understand. I know you are quite experienced. Would you mind elaborate this a bit? What/Why is it "damn strong"?

kk
  • #38,040
  • Jul 20, 2009 6:47am Jul 20, 2009 6:47am
Quoting tac
Looks like it broke long towards 8200, not quite there but a good trade none the less. (never took it still waiting for Oanda to process my fund)
I made the plunge with AUDUSD long... So far, so good...But I only nibbled with 1%...if it runs, I'll be S.O.L. on full position....

GregB

PS I'm still liking the 2 week PB on EJ...PA has now broken PB...time to make a decision...
418 traders viewing now