james16 Chart Thread | Page 2422 | 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

  • #48,421
  • Edited 10:06am Nov 20, 2009 6:05am | Edited 10:06am
After watching my one year old all day I don't have the strength to wake up for the Europe session and catch those great trades. Check out how price was stuck under the 365 and both the Daily and Weekly Pivot had combined. At that point you just had to be coherent enough to put in the order.

*Seeing something like this makes me sick that I missed it but optimistic that they happen.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 24 KB
"Whether you think you can or can't, you're right." Henry Ford
  • #48,422
  • Nov 20, 2009 6:16am Nov 20, 2009 6:16am
Quoting jarroo
Seeing where Price closes at the end of the Day, Week, Month, at their respective time frame's PPZs, S/Rs, Big round numbers, etc., I'm sure are looked at by the big boys.
This just confirms to me that the Close of Price (i.e. using the line chart at the Close) gives an interest perspective with the High/Low PPZs, S/R levels, RNs, etc.

Again, without complicating things.
Yeah, that's the trick.

I don't want to be responsible for paralysing you on the charts. lol
Happened to me a lot as I discovered new things the first times.

In general you can do as Mike often says too (with high/low based wedges etc) . --> Even using the close prices methods, you should stick to the cleaner more obvious ones where you can see obvious setups coming up.

I like it when both ways line up exactly with other confluences on breakouts etc.
Bundy's status today: "Waiting..."
  • #48,423
  • Nov 20, 2009 6:35am Nov 20, 2009 6:35am
Quoting benji533
A bit different.

you never stop benji, you are all over the market

nice to have you by my side

could be this a signal for an huge reversal, look at BEOB over the weekley chart,perfect location.

Although I have read recent that gold should reach at 6.000$ who cares what they say.

we have a chart and we play it, looking to add on the break off the beb.

wish you the best.
Attached Image (click to enlarge)
Click to Enlarge Name: 20nov_audusd.gif Size: 16 KB
  • #48,424
  • Nov 20, 2009 6:39am Nov 20, 2009 6:39am
Quoting KissFan
My 4HR bar closes in 1.5hrs. I am watching this for a potential trade entry. Would one of the newer traders like to take a shot at telling me why this is an interesting looking area for a possible long entry? What would be a most ideal conservative scenario to develop for long here? I will be heading out for some riding today in a short bit, so I may not be able to respond until later in the day but I'm sure that others here can help if there are any questions.

K.I.S.S.
Here goes:

Its an uptrend firstly, then there is the confluence of the uptrend line and the MA and some prior support around this level 1.68 level which is a round number. Add to that its a 50% fib (although I am not quite sure what its based off).

Against it I would say the fact that its been a pretty sideways market since 27th Oct and the one breakout didn't really take hold in that price has retraced back into the range.

Views?
  • #48,425
  • Nov 20, 2009 6:45am Nov 20, 2009 6:45am
just an update on the gbpjpy take profit on the first blue rectangule,looking for reversing position and signs on the equity markets.

Attached Image (click to enlarge)
Click to Enlarge Name: 20nov_gbpjpy.gif Size: 19 KB
  • #48,426
  • Nov 20, 2009 6:53am Nov 20, 2009 6:53am
ohh and on my loonie just look above the red arrow what have started this move, patience was the key factor here. Are you patience?

wish you the best

Attached Image (click to enlarge)
Click to Enlarge Name: 20nov_usdcad.gif Size: 13 KB
  • #48,427
  • Nov 20, 2009 6:57am Nov 20, 2009 6:57am
Quoting triger88990
you never stop benji, you are all over the market

nice to have you by my side

could be this a signal for an huge reversal, look at BEOB over the weekley chart,perfect location.

Although I have read recent that gold should reach at 6.000$ who cares what they say.

we have a chart and we play it, looking to add on the break off the beb.

wish you the best.
Haha nice trade tig!

For me the game plan is quite obvious...the un-broken TL or recent round number keeps me in
I'm already around 15R
Attached Image (click to enlarge)
Click to Enlarge Name: 555p5pppgif.gif Size: 13 KB
  • #48,428
  • Nov 20, 2009 7:05am Nov 20, 2009 7:05am
Nice Trades Benji and Triger.

Hmmm a little late.

Need to work hard.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 16 KB
Click to Enlarge Name: 2.gif Size: 24 KB
  • #48,429
  • Nov 20, 2009 7:10am Nov 20, 2009 7:10am
2 day pin broke yesterday and into profit today. I have half locked in profit the rest at break-even. Will see how today closes and possibly hold half into next week.

After my best month % return wise last month (8 months straight of profit), this month has been a challenge. I am up only 1% for this month, with several break-even, small loss and small profit trades.

No runners yet this month, on average it seems I have at least two that really move.

Eur/Gbp

Approaching the .9000 area, I will keep my eye on this one.



Nathan
  • #48,430
  • Nov 20, 2009 7:13am Nov 20, 2009 7:13am
Quoting nasir.khan
Nice Trades Benji and Triger.

Hmmm a little late.

Need to work hard.
nice nasir

at least you are on the green side,which mean you are making some $$$$

we are all hard worker, that's way we are here

wish you the best!!
  • #48,431
  • Nov 20, 2009 7:15am Nov 20, 2009 7:15am
Quoting triger88990
nice nasir

at least you are on the green side,which mean you are making some $$$$

we are all hard worker, that's way we are here

wish you the best!!
No i am making .$$.

That a 100 lot account to keep some emotions for my trades but with patience and practice we can pull those DECIMALS to DIGITS.
  • #48,432
  • Nov 20, 2009 7:29am Nov 20, 2009 7:29am
Quoting Scot Pippin'
After watching my one year old all day I don't have the strength to wake up for the Europe session and catch those great trades. Check out how price was stuck under the 365 and both the Daily and Weekly Pivot had combined. At that point you just had to be coherent enough to put in the order.

Hi Scot,
i was looking at your post and wondered where do you get the pivot points from. can you help?
  • #48,433
  • Nov 20, 2009 7:58am Nov 20, 2009 7:58am
I regret taking all my profit on this one so soon....... I regret it so badly....

I mean I could have at least left 1/3 of the position open
Attached Image
Many choose unhappiness over uncertainty.
  • #48,434
  • Nov 20, 2009 8:12am Nov 20, 2009 8:12am
Hi everyone,

Beautiful 4hr pin at "Rac"'s location, trendline, roundnumber, fib.

Go for it!
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.gif Size: 31 KB
  • #48,435
  • Nov 20, 2009 8:20am Nov 20, 2009 8:20am
Quoting Dan Gilbert
I regret taking all my profit on this one so soon....... I regret it so badly....

I mean I could have at least left 1/3 of the position open
Do not regret it.

You had a plan. You traded your plan. That's all

ll you can do is try and mare your next plan better. But you don't need to regret anything.
  • #48,436
  • Nov 20, 2009 8:23am Nov 20, 2009 8:23am
Quoting benji533

stop above the pin's high (for bearish bars) and below the pin's low (for bullish bars)
The stop will always be at the other side of the round number.
The same market tendency that makes the DIBS trades profitable should be translated all the way down to the 5M chart. If you take setups at European open on the 5M particularly with round numbers, divergence and 365/150 EMA's as S/R and letting the trade run till US open, I'd bet that is a solid strategy. I don't have any programming knsowledge but I'd be interested to find out the stats on it.

Whatever the numbers are they could be improved since it is hard to tell the code to interpret PA.
"Whether you think you can or can't, you're right." Henry Ford
  • #48,437
  • Nov 20, 2009 8:35am Nov 20, 2009 8:35am
Quoting benji533
A bit different.

Benji
Where do you get that flag? telling you how many minutes are left in the bar (top left of your screen)?
Thanks
every Saint has a past. Every Sinner has a Future
  • #48,438
  • Nov 20, 2009 8:42am Nov 20, 2009 8:42am
might be worth looking at the Daily..........before you make a decision

Quoting KissFan
My 4HR bar closes in 1.5hrs. I am watching this for a potential trade entry. Would one of the newer traders like to take a shot at telling me why this is an interesting looking area for a possible long entry? What would be a most ideal conservative scenario to develop for long here? I will be heading out for some riding today in a short bit, so I may not be able to respond until later in the day but I'm sure that others here can help if there are any questions.

K.I.S.S.
  • #48,439
  • Nov 20, 2009 8:48am Nov 20, 2009 8:48am
Quoting KissFan
My 4HR bar closes in 1.5hrs. I am watching this for a potential trade entry. Would one of the newer traders like to take a shot at telling me why this is an interesting looking area for a possible long entry? What would be a most ideal conservative scenario to develop for long here? I will be heading out for some riding today in a short bit, so I may not be able to respond until later in the day but I'm sure that others here can help if there are any questions.

K.I.S.S.

YES, because I am short this pair off the daily two day pin.........


Nathan
  • #48,440
  • Nov 20, 2009 8:53am Nov 20, 2009 8:53am
Worth countering this substantial move on a Friday ??
Attached Image (click to enlarge)
Click to Enlarge Name: gj_h4_1021.jpg Size: 109 KB
48 traders viewing now