james16 Chart Thread | Page 2091 | 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

  • #41,801
  • Aug 22, 2009 9:39pm Aug 22, 2009 9:39pm
Quoting supremeChaos

Did u notice how good ghous, mike w & mbqb11 are? except for ghous (who is turning 20 next January--- welcome to the "20's club" ghous ), all of them are in their 20's only.
I am ABSO-FU**ING-LUTELY hating to wave my teenage liFe good bye.

jeez.
I believe . . .
  • #41,802
  • Aug 22, 2009 9:45pm Aug 22, 2009 9:45pm
ghous,

Like i said , welcome to the "20's club"
Dont worry, it's all in the mind. we can always keep our mind (&body) young & sharp.


Since it's a weekend, please let me just make a small shout out to diggsnoob, xux99, Lou
  • #41,803
  • Aug 22, 2009 10:08pm Aug 22, 2009 10:08pm
Yo Supreme...

I've been in the 20s Club for over 40 years.

Was just looking at the E/J Weekly PB on VT and MTAlpari . Price having rejected a large PPZ around 132.
  • #41,804
  • Aug 22, 2009 10:10pm Aug 22, 2009 10:10pm
Quoting Lou
Yo Supreme...

I've been in the 20s Club for over 40 years.

Was just looking at the E/J Weekly PB on VT and MTAlpari . Price having rejected a large PPZ around 132.
Hey Lou,

Looks like you like to step in when called. lol

Buddy drop by often and make yourself felt a little more

ghous.
I believe . . .
  • #41,805
  • Aug 22, 2009 10:15pm Aug 22, 2009 10:15pm
Quoting ghous
Hey Lou,

Looks like you like to step in when called. lol

Buddy drop by often and make yourself felt a little more

ghous.
Been at the J16 Member Forum for the past couple of months. I recommend it.
  • #41,806
  • Aug 22, 2009 11:16pm Aug 22, 2009 11:16pm
Quoting supremeChaos
ghous,

Like i said , welcome to the "20's club"
Dont worry, it's all in the mind. we can always keep our mind (&body) young & sharp.


Since it's a weekend, please let me just make a small shout out to diggsnoob, xux99, Lou
haha, looks like i've been caught lurking...
  • #41,807
  • Aug 22, 2009 11:57pm Aug 22, 2009 11:57pm
Quoting jarroo
Daily Eur/Gbp.

Nice strong location here. .8700 RN, 150 ema at a 61.8 fib retracement from the last move down.

4 hour PB. Although the size could be bigger, it has good potential.

Hi all, 1st post. On my 4H EURGBP I don't have a PB. I have a bullish candle. My charts reflect USA EST close (assume its New York). Any advice much appreciated.
  • #41,808
  • Aug 23, 2009 12:49am Aug 23, 2009 12:49am
Quoting Grousman
Hi all, 1st post. On my 4H EURGBP I don't have a PB. I have a bullish candle. My charts reflect USA EST close (assume its New York). Any advice much appreciated.
Hi Grousman,

And welcome aboard!

You need to trade what you see...

Just like you don't to see the 4H pin bar on your chart that Jarroo has he might not be able to spot a 4H pin bar you see on your platform, so it all balance out at the end of the day.

Because of different opening and closing times of the bars at various broker platforms and different data feeds such discrepancies do occur, some will use multiple broker platfforms to solve the problem but like I said it all balances out in the end,

All the best,

Ghous.
I believe . . .
  • #41,809
  • Aug 23, 2009 1:11am Aug 23, 2009 1:11am
Quoting Grousman
Hi all, 1st post. On my 4H EURGBP I don't have a PB. I have a bullish candle. My charts reflect USA EST close (assume its New York). Any advice much appreciated.


To add what ghous had said, which is true that different feeds will present Price differently will tend to balance out in the end.

But the important point of the Eur/Jpy and Eur/Gbp posts are the highly confluenced area, the location, of where we look for PA to form or develop. Many will agree, that the main focus is on waiting for these locations first, then a confirming PA formation to gives a hint of where Price may be heading.

Just wanted to make that point clear.

Jim

PS: oh yeah, Welcome aboard Grousman.
Indicators show the past. Price Action "Indicates" the future.
  • #41,810
  • Aug 23, 2009 1:11am Aug 23, 2009 1:11am
Quoting mbqb11
This is exactly what it's all about

Welcome Boca
Thanks for the warm welcome.

I am in the midst of doing my weekly and daily analysis and am only looking to take trades on those 2 timeframes. Hope to post some charts and thoughts soon. I am not even going to get involved in lower timeframes at this time.

Benji, you are only 16? Wow! You got a bright future there my man!
  • #41,811
  • Aug 23, 2009 2:35am Aug 23, 2009 2:35am
Quoting jarroo
To add what ghous had said, which is true that different feeds will present Price differently will tend to balance out in the end.

But the important point of the Eur/Jpy and Eur/Gbp posts are the highly confluenced area, the location, of where we look for PA to form or develop. Many will agree, that the main focus is on waiting for these locations first, then a confirming PA formation to gives a hint of where Price may be heading.

Just wanted to make that point clear.

Jim

PS: oh yeah, Welcome aboard Grousman.
Thanks for the prompt response & welcome ghous & jaroo. Re Eur/Jpy I will try & post my chart for some feedback on the setup as I see it. (Hey I am new to this so input much appreciated). I think it is a good set up to go long because;

PB 3 days ago & now heading up
PB was off resistance (red line)
Last candle closed above next reistance (red line)
Bouncing up off 50ema & 200ema

Comments much appreciated.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.jpg Size: 55 KB
  • #41,812
  • Aug 23, 2009 2:56am Aug 23, 2009 2:56am
As Post from J16
just recently i contacted a physics professor at cal berkley





[/quote]
wouldn't be Dr. Muller would it?
A lawn mower is not an effective tool to pick-up dog poop!
  • #41,813
  • Aug 23, 2009 5:14am Aug 23, 2009 5:14am
Quoting Grousman
Re Eur/Jpy I will try & post my chart for some feedback on the setup as I see it. (Hey I am new to this so input much appreciated). I think it is a good set up to go long because;

PB 3 days ago & now heading up
PB was off resistance (red line)
Last candle closed above next reistance (red line)
Bouncing up off 50ema & 200ema

Comments much appreciated.
Hey there, I'm new to this forum and method but allow me to offer an opinion.

This one is on my watch list as well and I pretty much agree with your analysis. The weekly chart also shows a pin/hammer shaped bar. If a long trade was taken here I would expect first resistnace at 136.00 so tighten stops and take profit accordingly.

Cheers
  • #41,814
  • Aug 23, 2009 5:40am Aug 23, 2009 5:40am
Evening everyone,

Just browsing through some charts. USDJPY is drawing a bit of attention.

Inside bar followed by BUOB/ doji type bar.
Failed to close below 61% fib retracement level.

There is a little bit of a mess to the left that could act as resistnace and is a concern, however if taken I would look for price to reach 95.00 then take profit and tighten stops.

Any opinions welcome.

Sorry for my chart, I will post from photobucket in future.

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: MWSnap027.JPG Size: 65 KB
  • #41,815
  • Aug 23, 2009 7:05am Aug 23, 2009 7:05am
Quoting james16
well lets say a good five this year anyway.

i wont know for sure until they have all hatched.

stay tuned.

lol.

jim
Venom?

K.I.S.S.
  • #41,816
  • Aug 23, 2009 7:09am Aug 23, 2009 7:09am
Quoting Bocajunior
Evening everyone,

Any opinions welcome.
Hi Boca. Fundamentally you should avoid USD/JPY these days. When risk appetite increases amongst investors both USD and JPY are sold off because they act as safe haven and reserve currencies. That's why USD/JPY has been so messy lately. They are both relatively weak compared to other ccys. If you believe the Yen will go down, you are better off trading it against a stronger currency, like EUR or AUD. Just a suggestion...
Always wait for the opportune moment… just be careful not to miss it.
  • #41,817
  • Aug 23, 2009 7:25am Aug 23, 2009 7:25am
Quoting fxvision
If you believe the Yen will go down, you are better off trading it against a stronger currency, like EUR or AUD. Just a suggestion...
Hey Fxvision,

Thanks for your response. I was quietly wondering whether I should focus more on one of the other yen crosses. UJ is in a long term down trend so I would be trading against the trend on this. EURJPY is another possible long and is probably a better bet. It is in a long term uptrend and is a more volatile pair.

cheers
  • #41,818
  • Aug 23, 2009 8:19am Aug 23, 2009 8:19am
Good input fxvision - I posted the EURJPY chart thinking to take a long position. Any thoughts?
  • #41,819
  • Edited 9:12am Aug 23, 2009 8:49am | Edited 9:12am
Quoting Grousman
Thanks for the prompt response & welcome ghous & jaroo. Re Eur/Jpy I will try & post my chart for some feedback on the setup as I see it. (Hey I am new to this so input much appreciated). I think it is a good set up to go long because;

PB 3 days ago & now heading up
PB was off resistance (red line)
Last candle closed above next reistance (red line)
Bouncing up off 50ema & 200ema

Comments much appreciated.
Your reasons "to go long" are OK. But the main focus of a great Price Action setup, the J16 way, are PA formations at PPZ levels that preferably line up at a swing High or Low. To quote KissFan's great tag line: Great bars at great locations.

The one thing that's missing from your chart are the PPZ levels. Here are mine on the Eur/Jpy Daily (chart), 138, 135, 133, 131 and 126.

One concern about the Eur/Jpy Daily BUOB is, although it is off nice PPZ levels, its not at a very deep swing Low. BUOB are best played at swing Lows, example Eur/Gbp Daily BUOB (chart)

Although if you ask James16's 11 year old son about the tradablilty of Outside Bars he would say their pretty simple. Check this post out :

http://www.forexfactory.com/showpost...ostcount=32296

Jim
Attached Image(s) (click to enlarge)
Click to Enlarge Name: buob daily ej.gif Size: 29 KB
Click to Enlarge Name: buob swing low.gif Size: 22 KB
Indicators show the past. Price Action "Indicates" the future.
  • #41,820
  • Edited 9:24am Aug 23, 2009 9:00am | Edited 9:24am
Quoting Bocajunior
Evening everyone,

Just browsing through some charts. USDJPY is drawing a bit of attention.

Inside bar followed by BUOB/ doji type bar.
Failed to close below 61% fib retracement level.

There is a little bit of a mess to the left that could act as resistance and is a concern, however if taken I would look for price to reach 95.00 then take profit and tighten stops.

Any opinions welcome.

Sorry for my chart, I will post from photobucket in future.

Cheers
Chart looks great Boca. Great analyisis, 94.00 is a strong PPZ level.

Looks good.
Indicators show the past. Price Action "Indicates" the future.
36 traders viewing now