james16 Chart Thread | Page 2101 | 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

  • #42,001
  • Aug 25, 2009 5:17am Aug 25, 2009 5:17am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting ghous
Eur/Jpy looks swweeet!

365 ema
trend line
ppz
with the current time frame trend
lot's of space.

you forgot to add that the daily is heavily focused on the 50% fib, and has been ranging around it for a couple of months - time to move out, if not atleast there some roo above.
  • #42,002
  • Aug 25, 2009 5:33am Aug 25, 2009 5:33am
Anyone for some J16 Renko Price Action ?

Attached Image (click to enlarge)
Click to Enlarge Name: renkopriceaction.jpg Size: 161 KB
  • #42,003
  • Aug 25, 2009 6:14am Aug 25, 2009 6:14am
I am buying EJ around 134.50. SL 133.95.
Also buying AJ 78.90. SL 78.30.
Always wait for the opportune moment… just be careful not to miss it.
  • #42,004
  • Aug 25, 2009 6:20am Aug 25, 2009 6:20am
Quoting joelcf
not a fan of EJ. Looking at the daily, it isnt definitively with the trend - although it could be! Looks like it could easily head south still.

Plus, that big PPZ doesnt wanna be broken just yet, although there is clearly upwards pressure there - maybe a break above those two pins (on the 1H) could convince me otherwise though

(keep in mind it is a zone, but I have it drawn in as a line for some unknown reason)

Attachment

*edit* daily
Attachment

*double edit*
id be careful of AUDCAD too, it is still ranging and...
The only thing I didn't like abt Ej was the close. It "should" have been a bit higher to give the buob a more authoritative look or let's say given the location I was expecting this to happen,

But I am in anyways...

g
I believe . . .
  • #42,005
  • Aug 25, 2009 6:26am Aug 25, 2009 6:26am
Quoting fxvision
I am buying EJ around 134.50. SL 133.95.
Also buying AJ 78.90. SL 78.30.
Hey fxvision,

It would be great if you could come up with charts and explain why you want to enter,

posts like the one quoted attract only "signal seekers" which we all know isn't in their best favor,

Most newbies don't know what to do, and by running an "explanatory" thread we try and show them the way...the right way.

Don't take me wrong mate, I love your charts and respect your position as a trader, I just fear for a lot of "lurkers" down there who might want to buy Ej around 134.5 because..."well...errrmmm...Fxvision thinks it's a good trade!"

Just a brotherly advice Bro.

Ghous.
I believe . . .
  • #42,006
  • Edited 6:40am Aug 25, 2009 6:27am | Edited 6:40am
Quoting ghous
The only thing I didn't like abt Ej was the close. It "should" have been a bit higher to give the buob a more authoritative look or let's say given the location I was expecting this to happen,

But I am in anyways...

g
Its formed a sweet bullish looking bar on the hourly, so it will probably work out for you if it can bust the highs around 134.85... there seems to be a bear sitting in the middle of the path.

Price keeps coming back, so it might only be a medium sized bear, which eventually gives up and lets price keep headin higher

Just meant it wasnt for me

Attached Image (click to enlarge)
Click to Enlarge Name: 20090825-eurjpy-m5.gif Size: 65 KB


*edit* these ones

15m/5m isnt something I really post here, it doesnt really fit the methodology and I wouldnt want to give people bad ideas, but I often watch for things like this - multiple rejections of a PPZ/round number and enter on a nice break. Seeing a few rejections on the lowers makes me believe in the PPZ more than just one on the higher timeframes.
When you have to shoot, shoot. Dont talk.
  • #42,007
  • Aug 25, 2009 6:29am Aug 25, 2009 6:29am
Quoting Jigsaw
Anyone for some J16 Renko Price Action ?

thought abt mastering the tick charts anytime soon Jiggy?
I believe . . .
  • #42,008
  • Aug 25, 2009 6:31am Aug 25, 2009 6:31am
Quoting joelcf
Its formed a sweet bullish looking bar on the hourly, so it will probably work out for you if it can bust the highs around 134.85... there seems to be a big brown bear sitting in the middle of the path.

Just meant it wasnt for me
I understood that part,

Nothing can be more disastrous than going for a trade without the utmost of comfort.

I know you too well Joel.
I believe . . .
  • #42,009
  • Aug 25, 2009 6:35am Aug 25, 2009 6:35am
Quoting ghous
Hey fxvision,

It would be great if you could come up with charts and explain why you want to enter,
Sure thing. A nice 50% retrace of the 4h BUOB to 134.40. The rejection in 134.80 had sucked in the sellers. But all that has happened really was just a retest of former resistance around 134.50 now support. Keep things simple.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy250809.jpg Size: 90 KB
Always wait for the opportune moment… just be careful not to miss it.
  • #42,010
  • Aug 25, 2009 6:36am Aug 25, 2009 6:36am
Quoting fxvision
Sure thing. A nice 50% retrace of the 4h BUOB to 134.40. The rejection in 134.80 had sucked in the sellers. But all that has happened really was just a retest of former resistance around 134.50 now support. Keep things simple.
.
I believe . . .
  • #42,011
  • Aug 25, 2009 6:47am Aug 25, 2009 6:47am
[quote=ghous;2988121].[/quote

Many thanks guys, I'm here to learn & the charts sure help. Agree re lurkers taking trades based on experienced guys. I need to learn how to do it by myself.
  • #42,012
  • Edited 7:51am Aug 25, 2009 6:50am | Edited 7:51am
Almost feel like there might be some kinda PPZ around here somewhere... now where could it be?

Attached Image (click to enlarge)
Click to Enlarge Name: CL 10-09 26_08_2009 (240 Min).jpg Size: 128 KB




*edit*
Quoting Grousman
Many thanks guys, I'm here to learn & the charts sure help. Agree re lurkers taking trades based on experienced guys. I need to learn how to do it by myself.
Welcome! I found the absolute best way to learn is to post setups yourself and get feedback from some of the senior guys. They spot the stuff we miss, and it only takes a couple before you figure out what you are missing, and why it is important.

And try and analyse the charts that are posted to see if you can spot something that the poster has overlooked - Mike and jaroo have saved me, conservatively, about a hundred trillion dollars doing that.
When you have to shoot, shoot. Dont talk.
  • #42,013
  • Edited 7:26am Aug 25, 2009 7:10am | Edited 7:26am
Quoting joelcf
Almost feel like there might be some kinda PPZ around here somewhere... now where could it be?


Attachment
between these two maybe?

(75.00,38.2%)

Edit: i think we should ask someone more senior cause its very........
Attached Image (click to enlarge)
Click to Enlarge Name: oil.gif Size: 12 KB
  • #42,014
  • Aug 25, 2009 7:44am Aug 25, 2009 7:44am
Evening everyone,

I know I said I would stay away from shorter timeframes but just caught a glimpse of GBPJPY H4, which is the one pair I do track intra day.

Pinbar/ doji at a PPZ. Looks tasty!

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: MWSnap030.JPG Size: 59 KB
  • #42,015
  • Aug 25, 2009 7:54am Aug 25, 2009 7:54am
Quoting nasir.khan
Edit: i think we should ask someone more senior cause its very........
Sorry, lol. I know where the big resistance is, I was being a touch too flippant for my own good

now, the real question is... north or south?

I wouldnt dream of touching this one, that PPZ simply isnt something you screw around with. In case anyone picked 'south' above

Dont mess with the SNB

Attached Image (click to enlarge)
Click to Enlarge Name: 20090825-usdchf-h1.gif Size: 24 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 20090825-usdchf-d1.gif Size: 28 KB
When you have to shoot, shoot. Dont talk.
  • #42,016
  • Aug 25, 2009 7:55am Aug 25, 2009 7:55am
Ugly pin off my PPZ and trendline. Looked kind of like a flag to me so I have been waiting for it to break. This is NZDJPY. AUDJPY had something very similar, but I liked this one better.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpyflag.gif Size: 22 KB
  • #42,017
  • Aug 25, 2009 8:02am Aug 25, 2009 8:02am
Quoting Denarii
Ugly pin off my PPZ and trendline. Looked kind of like a flag to me so I have been waiting for it to break. This is NZDJPY. AUDJPY had something very similar, but I liked this one better.
the break confirmation instance was when price initially made it's way out of the upper trend line and then failed to go below it on the retest. This is when it gave off the pin bar whose break is a sensible way of taking these breakout trades...

Delaying your entry further than this can cause you to miss out the ride over the "initial volatility" which is often enough to help price "shoot" in the breakout direction. The point is that there is more to it than the missed out pips, a late entry is well capable of making a pretty good setup appeal to your account as a bitter gourd,

g
I believe . . .
  • #42,018
  • Edited 8:28am Aug 25, 2009 8:13am | Edited 8:28am
Quoting Bocajunior
Evening everyone,

I know I said I would stay away from shorter timeframes but just caught a glimpse of GBPJPY H4, which is the one pair I do track intra day.

Pinbar/ doji at a PPZ. Looks tasty!

Cheers
Assuming you are careful with this one around this trouble, looks good *edit* (for the initial pin. no way i would chase this one). Id be getting to b/e though, just in case... she definitely has a big fake down to retest in the universe of possibilities... though that big barrier level seems to have broken.

(although, as someone else said, I think Ghous' EJ looks like the stronger hand tonight/this morning)

Attached Image (click to enlarge)
Click to Enlarge Name: 20090825-gj-h1.gif Size: 25 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 20090825-gj-h4.gif Size: 26 KB
When you have to shoot, shoot. Dont talk.
  • #42,019
  • Aug 25, 2009 8:19am Aug 25, 2009 8:19am
So if we merge the last two bars and make it a PB.

P.S and take a look at daily its already there.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 4h.gif Size: 29 KB
  • #42,020
  • Aug 25, 2009 8:22am Aug 25, 2009 8:22am
So why not me...?

EJ discussion whilst I slumbered... I got up this morning and saw the retrace was on. Nice opportunity.

Back to the basics -

PB off of a minor round number that attracted attention in the recent past (AKA a PPZ)

Bounce off of the 365 EMA. First time back also.

Right off a trend line, and with the daily (shallow) trend.

What is not to like? At a minor PPZ right now - just above the 135. PB is smallish.

Lock in your pips if you are in. Behind the 150 EMA is a nice spot. (But that it YOUR call)

They say that this is a discretionary method, and it is, but we need to use solid data points to make good use of discretion.

..
Attached Image (click to enlarge)
Click to Enlarge Name: ej 4h.gif Size: 26 KB
I'm pretty much done with all this ...
35 traders viewing now