james16 Chart Thread | Page 2261 | 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

  • #45,201
  • Oct 4, 2009 3:00pm Oct 4, 2009 3:00pm
Quoting StoragePro
After about 4 years of looking in on the FF, I am saying goodbye.
Sad to see you go SP,

I wish you all the best mate

Cheers

Dave

  • #45,202
  • Oct 4, 2009 3:06pm Oct 4, 2009 3:06pm
Locations. Still waiting for a better setup, although there getting close.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gjdaily2891.gif Size: 30 KB
Click to Enlarge Name: gjdailya.gif Size: 29 KB
Indicators show the past. Price Action "Indicates" the future.
  • #45,203
  • Oct 4, 2009 3:12pm Oct 4, 2009 3:12pm
Quoting jarroo
Locations. Still waiting for a better setup, although there getting close.

I will give this PB 35 pips or less to prove a hard break to me. This should be fun.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #45,204
  • Oct 4, 2009 3:18pm Oct 4, 2009 3:18pm
Quoting jarroo
I will give this PB 35 pips or less to prove a hard break to me. This should be fun.
Location is very nice. Looks to be one for the stop to break even asap crew. I don't doubt you will squeeze some green pips out of it Jim :-)
  • #45,205
  • Oct 4, 2009 3:22pm Oct 4, 2009 3:22pm
Quoting fxprocessor
Location is very nice. Looks to be one for the stop to break even asap crew. I don't doubt you will squeeze some green pips out of it Jim :-)
The Weekly PB is relatively small but as you said it is off a strong Weekly PPZ level, the 140/141. The Daily may get me some if the Weekly PB is short lived.
Attached Image (click to enlarge)
Click to Enlarge Name: gjdailyb.gif Size: 23 KB
Indicators show the past. Price Action "Indicates" the future.
  • #45,206
  • Oct 4, 2009 3:22pm Oct 4, 2009 3:22pm
Quoting jarroo
I will give this PB 35 pips or less to prove a hard break to me. This should be fun.
Just in case you didn't see it there is daily 365 EMA confluence on this too
  • #45,207
  • Oct 4, 2009 3:24pm Oct 4, 2009 3:24pm
Quoting alyehoud
This leads me then, to another question which I have read so much conflicting info on, and the search button failed to help me with, as I'm planning a trade:...
Hey Alye

R:R is one of those things that is all about the trader. James for example could care less about R:R. Why? Because he knows he is going to have an extremely high win rate. This is then built into that type of method. Some people want a certain Reward for their risk. Also fine if that is what you are comfortable with. I personally don't care about R:R either. Sometimes I make 1:1, sometimes 1/2% sometimes 1/4%, sometimes 3R. I just trade what are good setups and manage them accordingly. At the end of the day I believe profits take care of themselves if you are picky and trading what you know works.

Here is some expansion from James on this topic
http://www.forexfactory.com/showpost...ostcount=23711

So what is going to be right for you? I couldn't really say. Some people need very high win rate. By the nature of that you are going to usually have high win rate and a small winners. Likewise your losses will generally be bigger(say you have a 90% win rate). So lots of small winners, with the occasional larger loss. Some people have 30% win rates with huge R on their risk.

Let me know if this makes sense
Mike
  • #45,208
  • Oct 4, 2009 3:25pm Oct 4, 2009 3:25pm
Quoting jarroo
The Weekly PB is relatively small but as you said it is off a strong Weekly PPZ level, the 140/141. The Daily may get me some if the Weekly PB is short lived.
I didn't even notice the weekly pin..... hmm may have to take a closer look myself

cheers
fxp
  • #45,209
  • Oct 4, 2009 3:26pm Oct 4, 2009 3:26pm
Quoting fxprocessor
Just in case you didn't see it there is daily 365 EMA confluence on this too

What time frames is that fxp? Sorry I don't see it.
Indicators show the past. Price Action "Indicates" the future.
  • #45,210
  • Oct 4, 2009 3:26pm Oct 4, 2009 3:26pm
Don't be a stranger friend

Quoting StoragePro
After about 4 years of looking in on the FF, I am saying goodbye....
  • #45,211
  • Oct 4, 2009 3:31pm Oct 4, 2009 3:31pm
Quoting jarroo
What time frames is that fxp? Sorry I don't see it.

Have attached daily FXPro chart for you mate. Aqua blue line is the 365 EMA.

cheers

fxp.
Attached Image (click to enlarge)
Click to Enlarge Name: for jarroo.gif Size: 12 KB
  • #45,212
  • Oct 4, 2009 3:38pm Oct 4, 2009 3:38pm
Quoting fxprocessor
Have attached daily FXPro chart for you mate. Aqua blue line is the 365 EMA.

cheers

fxp.
Here's my 365 EMA in OrangeRed. That's odd.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #45,213
  • Edited 3:56pm Oct 4, 2009 3:46pm | Edited 3:56pm
I like the size of the Nzd/Jpy Daily PB in consolidation. 64.50ish PPZ right smack in front of it.
Attached Image (click to enlarge)
Click to Enlarge Name: njdaily.gif Size: 23 KB
Indicators show the past. Price Action "Indicates" the future.
  • #45,214
  • Oct 4, 2009 4:01pm Oct 4, 2009 4:01pm
Quoting jarroo
Here's my 365 EMA in OrangeRed. That's odd.
Strange. I don't know why but have just checked again and mine is in the same place as yours now. Have not opened MT4 for a couple oif weeks so maybe data was updating.... Anyway, my mistake, no 365 EMA confluence after all.
  • #45,215
  • Oct 4, 2009 4:02pm Oct 4, 2009 4:02pm
Quoting jarroo
Here's my 365 EMA in OrangeRed. That's odd.
That's where mine is too. That is pretty odd, but maybe just a mishap. Luckily, we don't need to rely on indicators to get the job done right. I'll be happy if we see a solid retrace into the pin to get in at (noted by the blue area.) It seems the market has caught up with itself now to allow this retracement to happen.
Attached Image (click to enlarge)
Click to Enlarge Name: blue area.gif Size: 17 KB
I dream, therefore I become.
  • #45,216
  • Edited 5:01pm Oct 4, 2009 4:05pm | Edited 5:01pm
Quoting fxprocessor
Strange. I don't know why but have just checked again and mine is in the same place as yours now. Have not opened MT4 for a couple oif weeks so maybe data was updating.... Anyway, my mistake, no 365 EMA confluence after all.
That's happen to me many times fxp. I'll notice that the EMAs wouldn't line up on different plats so I just close and re-open. Refresh doesn't always work.
Indicators show the past. Price Action "Indicates" the future.
  • #45,217
  • Oct 4, 2009 4:16pm Oct 4, 2009 4:16pm
Quoting mike w
That's where mine is too. That is pretty odd, but maybe just a mishap. Luckily, we don't need to rely on indicators to get the job done right. I'll be happy if we see a solid retrace into the pin to get in at (noted by the blue area.) It seems the market has caught up with itself now to allow this retracement to happen.

I like that Daily Low as well Mike. Some Bullish PA on the 4 hour and/or Hourly at the level would be nice.
Attached Images
Indicators show the past. Price Action "Indicates" the future.
  • #45,218
  • Oct 4, 2009 4:22pm Oct 4, 2009 4:22pm
Quoting jarroo
I like that Daily Low as well Mike. Some Bullish PA on the 4 hour and/or Hourly at the level would be nice.
Yes sir, I'll undoubtedly jump in if that happens. My targets are simple to see on the daily charts. This is where you say, Duh. haha

I can honestly say Jim, that throughout my time with this career/life of mine, I'm truly inspired by you still my man. Not too many people I can say that with.

Damn, there's not a wrinkle in today- just look around and be happy for it. Have a great night ladies and gents!
Attached Image (click to enlarge)
Click to Enlarge Name: duh.gif Size: 20 KB
I dream, therefore I become.
  • #45,219
  • Oct 4, 2009 4:27pm Oct 4, 2009 4:27pm
Quoting mike w
Yes sir, I'll undoubtedly jump in if that happens. My targets are simple to see on the daily charts. This is where you say, Duh. haha

I can honestly say Jim, that throughout my time with this career/life of mine, I'm truly inspired by you still my man. Not too many people I can say that with.

Damn, there's not a wrinkle in today- just look around and be happy for it. Have a great night ladies and gents!
Have a great week, brother.
Indicators show the past. Price Action "Indicates" the future.
  • #45,220
  • Oct 4, 2009 4:40pm Oct 4, 2009 4:40pm
Quoting mbqb11
Hey Alye

R:R is one of those things that is all about the trader....
Completely understand, and I thought that would probably be the case, I just couldn't find anything directly saying so, and I've been wrong plenty in the past, so I didn't want to assume. And thank you for the link
124 traders viewing now