james16 Chart Thread | Page 2414 | 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

  • #48,261
  • Nov 17, 2009 9:12pm Nov 17, 2009 9:12pm
Quoting jarroo
There you go Mike. BEOB right at the tip of the tooth paste tube. lol.
Right then, if the big players in the market a.k.a Jarroo and Mike think this is a big moment then it better be! lol.

But I am still intent on seeing the tooth paste get spilled a bit first, it's still in that damn tube.

g.
Attached Image
I believe . . .
  • #48,262
  • Nov 17, 2009 9:19pm Nov 17, 2009 9:19pm
Quoting Dan Gilbert
as far as GBPJPY, the monthly pivot line below current PA doesn't influence any "long bias" ??? Also, there has been a LOT of BEOB/BUOB in this area we are currently in, sooooooo...... I mean this is tough lol. I understand some are expecting a break out so strong there will be no retest of the flag lines we have drawn.... This is really tough.
That's ok Dan,

Just because others (seniors specially) are seeing something doesn't mean you also need to. In fact going by your own analysis, thoughts and judgments is the way to go!

If you've watched Mike's webinars (even the free ones) you would know that he likes to play these range breakouts with the over all trend which gives the trade something solid to thrive upon, which is why I think he's committed to shorting the hell out of Gj,

And Jarroo we all know is the real dude when it comes to playing PA at "great zones".

It's fine if nothing of this sort appeals to you with regards to this particular setup, there's always a juicy personal favorite round the corner!

g.
I believe . . .
  • #48,263
  • Nov 17, 2009 9:40pm Nov 17, 2009 9:40pm
Ok, based on Bundy's most recent lesson, I have analyzed some "tied up" PA of GBPUSD with my understanding of what his lesson essentially taught. note on this trade, there is a lot more room for the PA to move freely down, than there is for it to move freely up!
Attached Image (click to enlarge)
Click to Enlarge Name: bundyanalysis.jpg Size: 65 KB
Many choose unhappiness over uncertainty.
  • #48,264
  • Nov 17, 2009 9:42pm Nov 17, 2009 9:42pm
Playing the BUOB Retrace with some support in 5m.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 31 KB
  • #48,265
  • Nov 17, 2009 9:44pm Nov 17, 2009 9:44pm
Quoting ghous
That's ok Dan,

Just because others (seniors specially) are seeing something doesn't mean you also need to. In fact going by your own analysis, thoughts and judgments is the way to go!

If you've watched Mike's webinars (even the free ones) you would know that he likes to play these range breakouts with the over all trend which gives the trade something solid to thrive upon, which is why I think he's committed to shorting the hell out of Gj,

And Jarroo we all know is the real dude when it comes to playing PA at "great zones".

It's...

I'm so new to this, I'm trying to teach myself to see what they see, because they are the ones making the right plays on here more than anybody else. It's scary really. My bias is crap compared to these guys, and it's best to follow the greats.
Many choose unhappiness over uncertainty.
  • #48,266
  • Nov 17, 2009 10:43pm Nov 17, 2009 10:43pm
Quoting Dan Gilbert
I'm so new to this, I'm trying to teach myself to see what they see, because they are the ones making the right plays on here more than anybody else. It's scary really. My bias is crap compared to these guys, and it's best to follow the greats.
Actually Sometimes it helps to not to be biased when you are new and learning. When you see a setup you just flow with the price wherever it goes. But when you are biased you would like to price to go where your mind is saying and some times it would influence your Technical Analysis.

But don't get confused between Trade Planing , Being Biased and likeness for Going With the Trend.
  • #48,267
  • Nov 17, 2009 10:44pm Nov 17, 2009 10:44pm
Hi,

After trying to speed up the learning process for 6 months and not sticking to anything concrete, I've finaly commited myself to fullfill the minimum requirements on Page 1.

Hope i can get some help from the experienced members.

This one would be my first trade:

-Continuation daily Pinbar

PPZ
150EMA
365EMA
50% fib retracement from last Weekly TL touch
with Weekly Trend

I'm thinking of two ways of action:

1.-Enter on break of 4 days low 1.5595 with SL at the top of the PB, move SL to BE when it reaches de first blue zone 1.5510.

2.-Enter on 38 Fib ret of the PB, with SL at the top (smaller), move SL to BE when it reaches the 4 day low (if it does). 1st TP @1.5510, 2nd TP @1.5255

Any comments would be very appreciated


PS. I choose this Setup over the USD/CAD. My rationale was that EUR/USD looks bearish to me, so if that is the case EUR/CAD has a better chance of running versus USD/CAD. Is this correct??
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad.gif Size: 13 KB
  • #48,268
  • Nov 17, 2009 10:56pm Nov 17, 2009 10:56pm
Retracment of the PB.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 26 KB
Click to Enlarge Name: 2.gif Size: 25 KB
  • #48,269
  • Nov 17, 2009 11:11pm Nov 17, 2009 11:11pm
Quoting tricello
Hi,

After trying to speed up the learning process for 6 months and not sticking to anything concrete, I've finaly commited myself to fullfill the minimum requirements on Page 1.

Hope i can get some help from the experienced members.

This one would be my first trade:

-Continuation daily Pinbar

PPZ
150EMA
365EMA
50% fib retracement from last Weekly TL touch
with Weekly Trend

I'm thinking of two ways of action:

1.-Enter on break of 4 days low 1.5595 with SL at the top of the PB, move SL to BE when it reaches de first...
I think you could go for both setups. But for the retracement one i think the white line is a nice level.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad.gif Size: 15 KB
  • #48,270
  • Nov 17, 2009 11:25pm Nov 17, 2009 11:25pm
Lets see how they unfold.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2.gif Size: 25 KB
Click to Enlarge Name: 1.gif Size: 27 KB
  • #48,271
  • Nov 18, 2009 12:00am Nov 18, 2009 12:00am
Quoting nasir.khan
I think you could go for both setups. But for the retracement one i think the white line is a nice level.
Nasir,

If a PB retraces that much, wouldn't you doubt about it's probability for success?

From your experience, do you see PinBars retracing that much and working out very often?

thanks
  • #48,272
  • Nov 18, 2009 12:21am Nov 18, 2009 12:21am
Unless Nasir is using a 55% retracement entry or some percentage retracement entry.......for PB on the 4-hr, i always set my entry at 35% retracement, if it hits then am in if the train leaves without me...then so be it........

Quoting tricello
Nasir,

If a PB retraces that much, wouldn't you doubt about it's probability for success?

From your experience, do you see PinBars retracing that much and working out very often?

thanks
  • #48,273
  • Nov 18, 2009 1:04am Nov 18, 2009 1:04am
Quoting tricello
Nasir,

If a PB retraces that much, wouldn't you doubt about it's probability for success?

From your experience, do you see PinBars retracing that much and working out very often?

thanks
First of all this is not a valid PB setup cause we like to have our PB's on swing high or swing low. A setup is valid no matter how much it retraces until the price doesn't broke on the bottom or top of the bar but some people like it to break on very next bar but that depends on traders discretion.

It doesn't feel right to have a specific number like 50%,55%,62% or 35% and place my trades on it(but thats just me). what i like to see is bar highs and bar lows and thats all i need.

i took these trades (only first two) on the Blue lines (see pic below) .
Attached Image (click to enlarge)
Click to Enlarge Name: 4.gif Size: 29 KB
  • #48,274
  • Nov 18, 2009 1:36am Nov 18, 2009 1:36am
Does anyone have anythoughts on the GBPCAD pinbar.

Its at a ppz, and the 50fib from the recent high and bouncing from the 150 EMA, and its with the main trend.

One thing puts me of - it is not a perfect pin, the close was slightly above the previous bar.

I'm trying to be picky but this on the whole seems a reasonable trade to me.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad.gif Size: 13 KB
If you can wait and not be tired by waiting...
  • #48,275
  • Nov 18, 2009 1:38am Nov 18, 2009 1:38am
Ever since i watched that Rants and Charts video (only 3 weeks ago). Some times i jump out of my seat in joy.

Every time when price touches the levels i have drawn on my charts only based on previous High/Lows and nothing else. It respects them if not reverse back.

But trading solely these levels is not as easy as it seems cause sometimes i find my self in a lot of trades with BE results like one thats a 120 piper and 4 others having -2X each.

But the ones that are located on swing high/swing low, with the trend and near 50%-62% retracement and off course contain a strong PA they never look back at you.

Thats what i am Fine Tunning nowadays.
  • #48,276
  • Nov 18, 2009 1:44am Nov 18, 2009 1:44am
losing trade

entry - break of beob at 1.6760

took loss at - 1.6825

killed this one as i dont want to take full bar losses.

The 4hr bar that closed above 1.6800 added weight to my decison.


oh well... looking back proabaly not the best setup. the first ppz held. price basically turned as soon as i got filled!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 18 KB
  • #48,277
  • Nov 18, 2009 1:51am Nov 18, 2009 1:51am
Quoting nasir.khan
Ever since i watched that Rants and Charts video (only 3 weeks ago). Some times i jump out of my seat in joy.

Every time when price touches the levels i have drawn on my charts only based on previous High/Lows and nothing else. It respects them if not reverse back.

But trading solely these levels is not as easy as it seems cause sometimes i find my self in a lot of trades with BE results like one thats a 120 piper and 4 others having -2X each.

But the ones...
i am having quite a few b/e trades / 1/2 profit trades this month. i like to take full profit at first trouble area (usaully 30-50 pips away) or take half and move stop to b/e. i dont get that many runners.

i need to be more picky and look for more confluence in my trades too.

1 loser and quite a few of my gains have been wiped out (see gbp/usd trade).

still above water for now......
  • #48,278
  • Nov 18, 2009 2:46am Nov 18, 2009 2:46am
Quoting glyder
Does anyone have anythoughts on the GBPCAD pinbar.

Its at a ppz, and the 50fib from the recent high and bouncing from the 150 EMA, and its with the main trend.

One thing puts me of - it is not a perfect pin, the close was slightly above the previous bar.

I'm trying to be picky but this on the whole seems a reasonable trade to me.
Well once it goes through the 50% it has a good chance of making it to 62% and there is no Divergence also not even in 4H.

If it might workout, wont fall like last time 2 day PB cause the recent move has created some trouble areas.
  • #48,279
  • Nov 18, 2009 3:00am Nov 18, 2009 3:00am
Quoting nasir.khan
Well once it goes through the 50% it has a good chance of making it to 62% and there is no Divergence also not even in 4H.

If it might workout, wont fall like last time 2 day PB cause the recent move has created some trouble areas.

Nasir,
thanks for the feed back,
I think i'll use a tight BE stop.

Regards


glyder
If you can wait and not be tired by waiting...
  • #48,280
  • Nov 18, 2009 4:25am Nov 18, 2009 4:25am
Quoting kayhan7070
short 1.0162

anyone in this ??
out with +50 pip
53 traders viewing now