james16 Chart Thread | Page 2642 | 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

  • #52,821
  • Jan 26, 2010 12:18am Jan 26, 2010 12:18am
Quoting Bleek
Hey Mike, sorry I should have said the arrow was my entry!
Hey Bleek

You want to make sure you are getting in on the break of the low of the pinbar which is 2 bars back from your arrow. This is the bar we are looking to trade, after it closes we can place a pending order under it. So your order should be executed 1 bar back from your arrow.

Let me know if that makes sense
Mike
  • #52,822
  • Jan 26, 2010 12:50am Jan 26, 2010 12:50am
here's a hard break, price reached the area where it was supposed to. 50% of the position closed now just hoping for a runner
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy before.gif Size: 22 KB
  • #52,823
  • Jan 26, 2010 12:53am Jan 26, 2010 12:53am
Quoting datogio
here's a hard break, price reached the area where it was supposed to. 50% of the position closed now just hoping for a runner
Nice one as usual datogio.

Get through that 80.00 and your looking sweet.
Indicators show the past. Price Action "Indicates" the future.
  • #52,824
  • Jan 26, 2010 12:55am Jan 26, 2010 12:55am
Quoting jarroo
Nice one as usual datogio.

Get through that 80.00 and your looking sweet.
Nope not today lol, just stoped out
  • #52,825
  • Jan 26, 2010 12:56am Jan 26, 2010 12:56am
Quoting datogio
Nope not today lol, just stoped out

lol . That 80.00 is strong buddy. Nice trade.
Indicators show the past. Price Action "Indicates" the future.
  • #52,826
  • Jan 26, 2010 12:59am Jan 26, 2010 12:59am
Quoting jarroo
lol . That 80.00 is strong buddy. Nice trade.
yep its like a wall, but anyway managed to bank some pips.
  • #52,827
  • Jan 26, 2010 1:05am Jan 26, 2010 1:05am
Quoting datogio
yep its like a wall, but anyway managed to bank some pips.
Nice. d.

This deserves a closer look.

The 80.00 (BRN) is a strong PPZ level, at a 61.8 fib level with the 150 ema. Some nice bullish PA at this level would be nice.
Attached Image (click to enlarge)
Click to Enlarge Name: ajpydaily.gif Size: 29 KB
Indicators show the past. Price Action "Indicates" the future.
  • #52,828
  • Jan 26, 2010 1:09am Jan 26, 2010 1:09am
Quoting jarroo
Nice. d.

This deserves a closer look.

The 80.00 (BRN) is a strong PPZ level, at a 61.8 fib level with the 150 ema. Some nice bullish PA at this level would be nice.
watching sir :nerd:
  • #52,829
  • Edited 2:31am Jan 26, 2010 1:25am | Edited 2:31am
Quoting ljr
Hi Jarroo and TTP

I am still in GBPCHF. Entry was 16855 and moved it to BE once price got below 16800. I have now moved my stop to 16810 as this area seems to be providing good resistance at the moment.

Jarroo do you think this is too tight for this PA based on the quality of the setup. 1.68 seems the next obvious place to move the stop but I also want to give it enough room.

Leon
Quoting jarroo
Very nice ljr. I like your stop loss above the 1.6800 PPZ level. This is exactly what James and Mike teach us.

This is a high quality setup. On top of a potential continuation of a consolidation period. It may just reach the bottom, if not, we are protected with a nice profit.
Hey Leon.

I bet you don't think that your stop loss was too tight now that the Gbp/Chf has ran back up.

Nice trade.
Indicators show the past. Price Action "Indicates" the future.
  • #52,830
  • Jan 26, 2010 1:53am Jan 26, 2010 1:53am
Quoting jarroo
Nice. d.

This deserves a closer look.

The 80.00 (BRN) is a strong PPZ level, at a 61.8 fib level with the 150 ema. Some nice bullish PA at this level would be nice.
Nice location on the Nzd/Jpy.
Attached Image (click to enlarge)
Click to Enlarge Name: njpy.gif Size: 24 KB
Indicators show the past. Price Action "Indicates" the future.
  • #52,831
  • Jan 26, 2010 2:00am Jan 26, 2010 2:00am
Quoting jarroo
Hey Leon.

I bet you don't think that your stop loss was too tight now that the Gbp/Chf has ran back up.

Nice trade.

Yip I am much happier sitting here with a small profit than still hanging on in draw down.

Thanks for your help/comments on this one. Really did help.

Leon
  • #52,832
  • Jan 26, 2010 2:04am Jan 26, 2010 2:04am
Anyone watching this Pin Bar ??

Two Hours left could turn into a BUOB.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 15 KB
  • #52,833
  • Jan 26, 2010 2:05am Jan 26, 2010 2:05am
Quoting ljr
Yip I am much happier sitting here with a small profit than still hanging on in draw down.

Thanks for your help/comments on this one. Really did help.

Leon
Great!

And it did close below the 1.6800. The key is protecting ourselves yet allowing room to move.

Nice one, Leon. The next one will go to the moon.
Indicators show the past. Price Action "Indicates" the future.
  • #52,834
  • Jan 26, 2010 2:27am Jan 26, 2010 2:27am
Quoting mbqb11
Hey Bleek

You want to make sure you are getting in on the break of the low of the pinbar which is 2 bars back from your arrow. This is the bar we are looking to trade, after it closes we can place a pending order under it. So your order should be executed 1 bar back from your arrow.

Let me know if that makes sense
Mike
Thanks for the swift reply Mike.

I guess I'm doing it wrong as I'm late! I waited for a 'confirmation' of the move, in this case downwards and the eye bar after the pin nose. So I entered just after the low of that bar, I'm not sure how accurate my arrow is on my chart!
"I made all my money by selling too soon"
  • #52,835
  • Jan 26, 2010 2:36am Jan 26, 2010 2:36am
Quoting nasir.khan
Anyone watching this Pin Bar ??

Two Hours left could turn into a BUOB.

I do like the area, nasir. Strong level indeed.
Attached Image (click to enlarge)
Click to Enlarge Name: egaa.gif Size: 25 KB
Indicators show the past. Price Action "Indicates" the future.
  • #52,836
  • Jan 26, 2010 2:55am Jan 26, 2010 2:55am
Quoting jarroo
I do like the area, nasir. Strong level indeed.
Actually i was looking for a short Scalp for 40 pips. ( take a closer look at my Order its sell limit).

But once it gets to 0.8650 i would like to reverse.
  • #52,837
  • Jan 26, 2010 3:00am Jan 26, 2010 3:00am
Quoting nasir.khan
Actually i was looking for a short Scalp for 40 pips. ( take a closer look at my Order its sell limit).

But once it gets to 0.8650 i would like to reverse.
Looks good. Keep it tight brother.
Indicators show the past. Price Action "Indicates" the future.
  • #52,838
  • Jan 26, 2010 3:11am Jan 26, 2010 3:11am
looks nice, i passed on this, did anyone take it?
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.gif Size: 19 KB
  • #52,839
  • Jan 26, 2010 3:16am Jan 26, 2010 3:16am
Quoting datogio
looks nice, i passed on this, did anyone take it?
I passed too. Nice break too.

I think dmc is still in on the BUOB Daily. Nice.
Indicators show the past. Price Action "Indicates" the future.
  • #52,840
  • Jan 26, 2010 3:18am Jan 26, 2010 3:18am
Quoting jarroo
Looks good. Keep it tight brother.
Yep i have to, else i won't last long.
57 traders viewing now