james16 Chart Thread | Page 2122 | 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

  • #42,421
  • Aug 28, 2009 1:33am Aug 28, 2009 1:33am
Quoting andrugeno
Mi first post!!
What do you think?
Attachment
Spending your first ever hour here at FF with the J16 thread...you can't ask for a better start buddy!

Nice clean chart, and sensible expectations,

Some of us including great pros like to to do that, analyze what price should be doing in the long term, but make sure you back yourself well with solid PA as and when it comes along,

If you haven't gone through the first pages of the thread please do, you won't regret I promise.

Welcome on board!

g.
I believe . . .
  • #42,422
  • Edited 3:14am Aug 28, 2009 2:00am | Edited 3:14am
ghous! If you don't mind, I need a second opinion about this:
http://www.forexfactory.com/showpost...ostcount=42418

Thank you very much!
Oltciter!
  • #42,423
  • Aug 28, 2009 3:24am Aug 28, 2009 3:24am
My weekly view on USDCAD. Have we just been retesting the broken TL and setting up for a break below PPZ 1.08? Maybe. 1.03 would be a target. Keep in mind that last month was a monthly BEOB. Plenty of great trading setups and its simple stuff really. Be patient and let your winners run the distance.

FXV
Attached Image (click to enlarge)
Click to Enlarge Name: ..usdcad2.gif Size: 21 KB
Always wait for the opportune moment… just be careful not to miss it.
  • #42,424
  • Aug 28, 2009 3:28am Aug 28, 2009 3:28am
Quoting ghous
The downside won't be a drive on the highway either...1625 is a holding a tonne of bar highs, but yeah given that it would be with the overall trend could be a fair play specially if those bar highs turn out to be sweet marshmallows...we'd like that but won't anticipate it.

Moved up a little. Daily suggests a move up? Not big PB's but lends weight to the argument. Waiting. Question: At what stage would you consider it as having broken current resistance? E.g at the close of a 1Hr candle etc or do you wait for definitive PA?
  • #42,425
  • Aug 28, 2009 4:15am Aug 28, 2009 4:15am
Quoting oltciter
Is it the formation in yellow square IB4?
Yes mate,

and to tell you more abt it I am short off this IB,

Swing high, weekly ppz and a nice little Ib smaller in range than the bars before it.

g.
Attached Image
I believe . . .
  • #42,426
  • Aug 28, 2009 4:20am Aug 28, 2009 4:20am
Quoting andrugeno
Mi first post!!
What do you think?
Welcome!



Quoting oltciter
ghous! If you don't mind, I need a second opinion about this:
http://www.forexfactory.com/showpost...ostcount=42418
ghous has been out for 2+ hours, so if i may...
first, the correct term is I4B.
if you are only referring to the bars inside that yellow box, yes the red bar (the last bar inside the box) is an I4B. but if the latest bar (the current bar right after the red bar) closes inside the red bar (as another inside bar) , then that last bar is a I5B.
BUT, if u consider the previous bars prior the yellow box, then the red bar in the yellow box is at least an I12B.
if interested, check my previous post to learn more. (we have had an I46B!)
EDIT: so ghous is back.... lol




Quoting fxvision
My weekly view on USDCAD....
Am really glad that u are posting more & more.
Keep it up Sir!
  • #42,427
  • Aug 28, 2009 4:31am Aug 28, 2009 4:31am
Quoting Grousman
Moved up a little. Daily suggests a move up? Not big PB's but lends weight to the argument. Waiting. Question: At what stage would you consider it as having broken current resistance? E.g at the close of a 1Hr candle etc or do you wait for definitive PA?
To confirm the resistance level broken:

I like to see price close beyond the level with authority. Initially a pure break by "X" number of pips was all I needed but got burnt a lot many times catching false breaks.

To Enter breakout trades:

I like to wait for 2 things,

1) retest of the level
2) PA.

cheers,
Ghous.
Attached Image
I believe . . .
  • #42,428
  • Edited 5:22am Aug 28, 2009 4:32am | Edited 5:22am
How is that?

BEOB at weekly, BEOB at daily, BEOB at 4H.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 19 KB
Click to Enlarge Name: 2.gif Size: 19 KB
  • #42,429
  • Aug 28, 2009 4:37am Aug 28, 2009 4:37am
Quoting ghous
Yes mate,
and to tell you more abt it I am short off this IB,
...
Oh man, u reminded me of my-stupid-internet-disconnection-while-trading incident.
i was short eur$ too around the same area as yours (1.4348, not an exclusive j16 trade btw; an intended short-term, 15-30 pip trade but-i'm-flexible-if-ever). i was up by about 12 or 13 pips, but i kept getting disconnected. i risked by trailing my stop fairly tightly ("luckily", i got the chance to trail my stop in between disconnections" ) to BE + 2 (i was forced to do so because of the multiple disconnections) --- because i saw a potential for further downmove (than i initially projected).
this trail.stop got hit, while i should've been up by about 25pips total (i could've exited nearby, if i were connected & able to monitor PA around 1.43 - 1.4320 area {my expected stall area, where price bounced eventually --1.4324ish} LOL, instead of getting my trail.stop hit).

I was connected for like 6hrs total, but i got disconnected only during the time i was trading.
hihihih.. what a very lucky day
  • #42,430
  • Aug 28, 2009 4:53am Aug 28, 2009 4:53am
i have just been watching a few of mikes vid clips from the j16 website. Its been bugging me for some time as I see several people use it. How do you get a pen or pencil tool for mt4 so you can draw free hand with your mouse?
or is it something to do with using screen cast software and it being a feature of that software itself?
  • #42,431
  • Aug 28, 2009 4:56am Aug 28, 2009 4:56am
Quoting supremeChaos
Oh man, u reminded me of my-stupid-internet-disconnection-while-trading incident.
i was short eur$ too around the same area as yours (1.4348, not an exclusive j16 trade btw; an intended short-term, 15-30 pip trade but-i'm-flexible-if-ever). i was up by about 12 or 13 pips, but i kept getting disconnected. i risked by trailing my stop fairly tightly ("luckily", i got the chance to trail my stop in between disconnections" ) to BE + 2 (i was forced to do so because of the multiple disconnections) --- because i saw a potential...
lol


I am pretty used to stuff like this myself, sometimes the electricity, other times my internet connection, other times my pc itself, and a couple of times the broker platform...

It's amazing how everything seems to be going against you when you want to really trade. lol
I believe . . .
  • #42,432
  • Aug 28, 2009 5:00am Aug 28, 2009 5:00am
Quoting nasir.khan
How is that?

BEOB at weekly, BEUB at daily, BEUB at 4H.
what's a BEUB?

You'll impress me if it's something like..."BEarish Ugly Bar"
I believe . . .
  • #42,433
  • Aug 28, 2009 5:13am Aug 28, 2009 5:13am
Quoting ghous
what's a BEUB?

You'll impress me if it's something like..."BEarish Ugly Bar"
Maybe a Bearish UBER Bar. Like a giant one that engulfs a bunch before it.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #42,434
  • Aug 28, 2009 5:15am Aug 28, 2009 5:15am
Quoting ghous
To confirm the resistance level broken:

I like to see price close beyond the level with authority. Initially a pure break by "X" number of pips was all I needed but got burnt a lot many times catching false breaks.

To Enter breakout trades:

I like to wait for 2 things,

1) retest of the level
2) PA.

cheers,
Ghous.
Superb post mate ... stuff i wish i knew a loooooong time ago ...
  • #42,435
  • Aug 28, 2009 5:28am Aug 28, 2009 5:28am
Quoting ghous
what's a BEUB?

You'll impress me if it's something like..."BEarish Ugly Bar"

Oh i lost to you.

And congratulations you are the new winner of

Quoting supremeChaos
the 'mystery misspelling game'
  • #42,436
  • Aug 28, 2009 5:33am Aug 28, 2009 5:33am
Quoting nasir.khan
Oh i lost to you.

And congratulations you are the new winner of
Here's my paypal: "[email protected]"



I believe . . .
  • #42,437
  • Aug 28, 2009 5:37am Aug 28, 2009 5:37am
Quoting ghous
Yes mate,

and to tell you more abt it I am short off this IB,

Swing high, weekly ppz and a nice little Ib smaller in range than the bars before it.

g.
Out at BE,

I like these IB breakouts to be quick and sustained, it may still fall like a stone though...

g.
I believe . . .
  • #42,438
  • Aug 28, 2009 5:45am Aug 28, 2009 5:45am
Quoting ghous
Here's my paypal: "[email protected]"



There is no money involved this is a game of ultimate skill.

So you are in GU.
  • #42,439
  • Aug 28, 2009 5:48am Aug 28, 2009 5:48am
Quoting ghous
Yes mate,

and to tell you more abt it I am short off this IB,

Swing high, weekly ppz and a nice little Ib smaller in range than the bars before it.

g.
Thank you again , Ghous! I'm short too!
  • #42,440
  • Aug 28, 2009 5:49am Aug 28, 2009 5:49am
Quoting Bryan
First stop 1.2320
I was short on this one from last week. It got me out now at BE

Anyway, it's now another pair I do not like. It chops like crazy!
AUDNZD, GBPNZD, AUDCAD are crazy choppers...better for range trades (box consolidation trades) IMO.

Ben
203 traders viewing now