james16 Chart Thread | Page 2469 | 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

  • #49,361
  • Dec 8, 2009 5:49am Dec 8, 2009 5:49am
Quoting triger88990
yes this one where a good opportunities for making some money

there where others too,but haven't enough margin to put on this all trades and selected only those you mentioned

anyway I'm expected to go much more lower than you have marked on your chart,this is only my opinion.

on the u/j entered a bit late because of the margin

when I will exit I will prepare for a fine tune entry to go long,like to be on all waves

Attachment
Attachment
Attachment

very nice there bro!. i agree that could well go lower, 130 eu/yen is certainly possible short term and maybe even a retest of 127 !?!?

jon
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily.gif Size: 31 KB
Click to Enlarge Name: 4 hour.gif Size: 24 KB
PATIENCE... DISCIPLINE
  • #49,362
  • Dec 8, 2009 5:53am Dec 8, 2009 5:53am
Quoting yarin
I trade it as a breakthrough trade:
1.break of storng SR line(the yellow one in this case)
2.pullback to the SR line.
3.price make a priceaction pattern on the SR line(pinbar)

I remember mike talk about this kinde of trades on his J16 vid.

If u had a breakout pullback mentallity going into that trade then;

1. the breakoutout pattern has to be much much clearer than that.

2. the trend must be easily defined. ( most times u want d pattern to be in the direction of the trend on the timeframe u re lookin at)

3. there should be enough room/ less traffic for price to move real fast.


Hunri
  • #49,363
  • Edited 6:21am Dec 8, 2009 6:00am | Edited 6:21am
I hope I'm not too early. I'm the guy who's always preaching about bar confirmation. Just woke up to see that my order was executed at 88.54. There was just too much confluence here to ignore and now it looks like we might print a nice little pin off this level. Let's see if this one will run for a couple of days.

K.I.S.S.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy77.gif Size: 53 KB
  • #49,364
  • Dec 8, 2009 6:11am Dec 8, 2009 6:11am
Mike, I know you like breakout trades. What do you make of the CADCHF 4hour?
9666 looks like an interesting area with some recent history...
  • #49,365
  • Dec 8, 2009 6:13am Dec 8, 2009 6:13am
Quoting KissFan
I hope I'm not too early. I'm the guy who's always preaching about bar confirmation. Just woke up to see that my order was executed at 88.54. There was just too much confluence here to ignore and now it looks like wemight print a nice little pin off this level. Let's see if this one will run for a couple of days.

K.I.S.S.
hey kisfan hope you are short, I haven't distingue what it's on your chart.

this is more conservative way, your approauch, waithing for bar confirmation it gives you the confidence that you are right,and you can pull the trigger.I for example like to be more aggressive trader, but when I see a good PA be sure that I will be all over it.

wish you the best!!
  • #49,366
  • Dec 8, 2009 6:17am Dec 8, 2009 6:17am
Quoting atclarkson
I got that fancy new 8gb quad core computer... might have to see how it handles it
are u trying to make us jelly jealous?
as u know, u dont need a super fast PC to trade... so, maybe u can donate 2gb to me, lol
  • #49,367
  • Dec 8, 2009 6:21am Dec 8, 2009 6:21am
Quoting g_j_hook@yah
very nice there bro!. i agree that could well go lower, 130 eu/yen is certainly possible short term and maybe even a retest of 127 !?!?

jon
gb/yen, hit TP @ 144.22 full possition closed. +92

jon
PATIENCE... DISCIPLINE
  • #49,368
  • Dec 8, 2009 6:28am Dec 8, 2009 6:28am
Quoting g_j_hook@yah
gb/yen, hit TP @ 144.22 full possition closed. +92

jon
why do you hurry you could let it go much more lower

I think we will see yen's more stronger

wish you the best!!

ps I'm up on g/j by +274
  • #49,369
  • Dec 8, 2009 6:30am Dec 8, 2009 6:30am
Quoting triger88990
hey kisfan hope you are short, I haven't distingue what it's on your chart.

this is more conservative way, your approauch, waithing for bar confirmation it gives you the confidence that you are right,and you can pull the trigger.I for example like to be more aggressive trader, but when I see a good PA be sure that I will be all over it.

wish you the best!!
Hello Trigger. I am a buyer here. I am sorry that I did not make that clear. I certainly should have. This is definatly not a PA trade it is a confluence trade as I believe that we have sufficiently retraced from the high to get back in long. There is the confluence of support at the 88.60 area, divergence and the 150/365 ema's. Therefore my buy order with a reasonable stop. Are you short here? Can you show me why? Thank you!

K.I.S.S.
  • #49,370
  • Dec 8, 2009 6:38am Dec 8, 2009 6:38am
Quoting KissFan
Hello Trigger. I am a buyer here. I am sorry that I did not make that clear. I certainly should have. This is definatly not a PA trade it is a confluence trade as I believe that we have sufficiently retraced from the high to get back in long. There is the confluence of support at the 88.60 area, divergence and the 150/365 ema's. Therefore my buy order with a reasonable stop. Are you short here? Can you show me why? Thank you!

K.I.S.S.
Sorry to jump in your conversation but I'm also short since 88.90 (break south on daily IB).

Nos
  • #49,371
  • Dec 8, 2009 6:40am Dec 8, 2009 6:40am
Quoting triger88990
why do you hurry you could let it go much more lower

I think we will see yen's more stronger

wish you the best!!

ps I'm up on g/j by +274
u may be right! , good luck bro
jon
PATIENCE... DISCIPLINE
  • #49,372
  • Dec 8, 2009 6:53am Dec 8, 2009 6:53am
Quoting NosferatuMan
Sorry to jump in your conversation but I'm also short since 88.90 (break south on daily IB).

Nos
Good trade so far. It's all good! Best of luck to you.

K.I.S.S.
  • #49,373
  • Dec 8, 2009 6:55am Dec 8, 2009 6:55am
Quoting KissFan
Hello Trigger. I am a buyer here. I am sorry that I did not make that clear. I certainly should have. This is definatly not a PA trade it is a confluence trade as I believe that we have sufficiently retraced from the high to get back in long. There is the confluence of support at the 88.60 area, divergence and the 150/365 ema's. Therefore my buy order with a reasonable stop. Are you short here? Can you show me why? Thank you!

K.I.S.S.
man you make me to lose a little bit from my confidence in this trade

knowing that you are long,I was worried about my trade

I was in this trade because some fundamentals and expected that yen to recover from his lose,and after saw that it faild to go much higher than 90.61 I expected to see yen stronger, and my enter was a little bit late(not enough margin to put on it)usully in this kind of trade I'm much earlier
enter on break of ib over the daily chart.

hope that make sens!

wish you the best

ps: I'm short on others yen crosses much earlier as you can see in my recent post
  • #49,374
  • Dec 8, 2009 7:03am Dec 8, 2009 7:03am
Quoting KissFan
Good trade so far. It's all good! Best of luck to you.

K.I.S.S.
Thanks.

Anyway, this is a zone where we could see some reversion and I might close my trade but I would like to see it going closer to 88.00.
My style of trading just "doesn't allow me" to go long
  • #49,375
  • Dec 8, 2009 7:09am Dec 8, 2009 7:09am
Quoting triger88990
man you make me to lose a little bit from my confidence in this trade

knowing that you are long,I was worried about my trade

I was in this trade because some fundamentals and expected that yen to recover from his lose,and after saw that it faild to go much higher than 90.61 I expected to see yen stronger, and my enter was a little bit late(not enough margin to put on it)usully in this kind of trade I'm much earlier
enter on break of ib over the daily chart.

hope that make sens!

wish you the best

ps: I'm short on others yen crosses much...
Please do not let me influence your trade. I am just posting my POV. It does not invalidate yours. I am wrong often but my MM keeps me profitable. I have always thought of this forum as a place to learn and share ideas, not as a place to prove anything. Best regards to you trigger.

K.I.S.S.
  • #49,376
  • Dec 8, 2009 7:16am Dec 8, 2009 7:16am
Quoting KissFan
Please do not let me influence your trade. I am just posting my POV. It does not invalidate yours. I am wrong often but my MM keeps me profitable. I have always thought of this forum as a place to learn and share ideas, not as a place to prove anything. Best regards to you trigger.

K.I.S.S.
Thanks and don't worry about my trade,I'll keep in mind to not allow nobody to interfere with my process thought.Have learned a lot like others from your post.

wish you the best!
  • #49,377
  • Dec 8, 2009 7:33am Dec 8, 2009 7:33am
Quoting triger88990
Thanks and don't worry about my trade,I'll keep in mind to not allow nobody to interfere with my process thought.Have learned a lot like others from your post.

wish you the best!
Nice trade, I was long for EUR/JPY and has been stopped.
It don't do fundamental trades, I just saw a 4h Bullish Pin Bar on a very strong Daily PPZ & 50fibs.
  • #49,378
  • Dec 8, 2009 7:38am Dec 8, 2009 7:38am
Ho hum. The further JPY gains strength the more I wonder where the best place to exit my AUD/JPY short is! I'm currently watching the 8000 level...
  • #49,379
  • Dec 8, 2009 8:13am Dec 8, 2009 8:13am
The gbp/usd looks pretty interesting.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: j16_gu1.png Size: 49 KB
Click to Enlarge Name: j16_gu2.png Size: 47 KB
  • #49,380
  • Dec 8, 2009 8:20am Dec 8, 2009 8:20am
Quoting supermatt
mind you, if mt4 weren't a bunch of jack asses and put round numbers on there axis like every other charting package out there, we wouldn't have this issue.
man that really annoys me about mt4. those random axis numbers mean absolutely nothing i mean wat the hell does 1.6418 mean for example. :S it really does badazzle me in why they did that :S
u mad?
Many choose unhappiness over uncertainty.
270 traders viewing now