james16 Chart Thread | Page 2803 | 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

  • #56,041
  • Feb 24, 2010 11:53am Feb 24, 2010 11:53am
how do you rate such BEOB on GBPCAD? I think it's in nice place, and short position will go with trend.
Attached Image (click to enlarge)
Click to Enlarge Name: gc.gif Size: 23 KB
  • #56,042
  • Feb 24, 2010 11:53am Feb 24, 2010 11:53am
Quoting datogio
lol, the same here and then i gave up with the converter
Its working sweet. Maybe you might take a second look now.
Indicators show the past. Price Action "Indicates" the future.
  • #56,043
  • Feb 24, 2010 11:56am Feb 24, 2010 11:56am
Quoting triger88990
on this one take a loss trying to catch the top.

I found a very attractive PB on lower tf, at swing high with divergence(I know is not the best way to spot the divergente along that many bars)

and it took me out

and on my platform my BEOB it has already break out

Attachment



mike is seems that this situation fit to your criterias

to me is a definitely YES, after it took off the last swing high it was a sell off of that area

is this a perfect example?

all the best!

thanks!
Hey Trig

You are getting there, but based on the fact that it is a 15min I am going to be even more picky so that pin won't fit the criteria. It is to small with a poor close. The better bar there is the BEOB that engulfs 5 prior bars. But this is the scenario I am speaking about although 15 min isn't where I want to see anyone

Mike
  • #56,044
  • Feb 24, 2010 12:01pm Feb 24, 2010 12:01pm
Quoting jarroo
Its working sweet. Maybe you might take a second look now.
absolutely, MT4 has not enough default time frames to better confuse me. lol
  • #56,045
  • Feb 24, 2010 12:03pm Feb 24, 2010 12:03pm
Quoting datogio
Missed the girl because of the lack of attention lol

Hey datogio. Yes this is a classic Rac setup here. Nice.

Here is how I saw it. Fib 61.8, trendline and S/R level.

Curious how you formed that other trendline . or . diangle S/R?

Thanks,

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf4h24.gif Size: 27 KB
Indicators show the past. Price Action "Indicates" the future.
  • #56,046
  • Feb 24, 2010 12:07pm Feb 24, 2010 12:07pm
Quoting jarroo
Hey datogio. Yes this is a classic Rac setup here. Nice.

Here is how I saw it. Fib 61.8, trendline and S/R level.

Curious how you formed that other trendline . or . diangle S/R?

Thanks,

Jim
simply line chart.
Attached Image (click to enlarge)
Click to Enlarge Name: line chart.gif Size: 17 KB
  • #56,047
  • Feb 24, 2010 12:09pm Feb 24, 2010 12:09pm
Quoting mbqb11
Hey Trig

You are getting there, but based on the fact that it is a 15min I am going to be even more picky so that pin won't fit the criteria. It is to small with a poor close. The better bar there is the BEOB that engulfs 5 prior bars. But this is the scenario I am speaking about although 15 min isn't where I want to see anyone

Mike

I only wanted to see if I'm getting in to your words,because I do take notes from some time about this scenario,and when I saw your post I wanted to be sure that I'm getting your point.

is like the 123 pattern,which can be a strong tool if is sustain by confluence

I know is not that much in that PB, I was looking more at the location to see some sort of reaction in price

anyway thanks a lot!

all the best
  • #56,048
  • Feb 24, 2010 12:14pm Feb 24, 2010 12:14pm
Quoting datogio
simply line chart.
Oh I see. Thanks.
Indicators show the past. Price Action "Indicates" the future.
  • #56,049
  • Feb 24, 2010 12:18pm Feb 24, 2010 12:18pm
Quoting jarroo
Oh I see. Thanks.
you're welcome sensei
  • #56,050
  • Feb 24, 2010 12:39pm Feb 24, 2010 12:39pm
Quoting datogio
you're welcome sensei
Indicators show the past. Price Action "Indicates" the future.
  • #56,051
  • Feb 24, 2010 12:57pm Feb 24, 2010 12:57pm
Any comment for this PB? off 23.6. Support by daily BEOB.
Attached Image (click to enlarge)
Click to Enlarge Name: asd.gif Size: 19 KB
  • #56,052
  • Feb 24, 2010 1:08pm Feb 24, 2010 1:08pm
2:00pm, lets get ready to rock and roll!!!!
Keep taking CT trades, I need more money
  • #56,053
  • Edited 2:07pm Feb 24, 2010 1:19pm | Edited 2:07pm
Quoting hehesam
Any comment for this PB? off 23.6. Support by daily BEOB.
Hey hehesam. Let's back up a bit and see where the major PPZ levels are on the higher time frames, Weekly/Daily. When I veture down to the 4 hour time frame I want to be aware of these levels.

On the Weekly and Daily we have a couple a strong levels at the .8850-40, .8700 and the 8600. Also Price seems to be consolidating nicely.

Now when we look at the 4 hour time frame we get a better look at what's going on.

now with the setup. . .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: egweekly24.gif Size: 25 KB
Click to Enlarge Name: egdailyy24.gif Size: 30 KB
Click to Enlarge Name: eg424.gif Size: 30 KB
Indicators show the past. Price Action "Indicates" the future.
  • #56,054
  • Feb 24, 2010 1:19pm Feb 24, 2010 1:19pm
Your signature just made me laugh out loud and its been months since the "BOB" incident. lol

Quoting Ryanmcd
2:00pm, lets get ready to rock and roll!!!!
  • #56,055
  • Feb 24, 2010 1:21pm Feb 24, 2010 1:21pm
Quoting Ryanmcd
2:00pm, lets get ready to rock and roll!!!!
GUY'S are back from lunch ??..I was about to go to bed.. it's 12.30 AM here.
  • #56,056
  • Feb 24, 2010 1:26pm Feb 24, 2010 1:26pm
Quoting nasir.khan
GUY'S are back from lunch ??..I was about to go to bed.. it's 12.30 AM here.

10:30 and 2:30 are the times things happen just like in anyone else's day. 12-1 = lunch that's why I hit the gym. 10:30 want to get done before 12 = lunch, 2:30 want to get done before 4:00 = close.

It's funny no one talks about TIME ever, I use time and it's a HUGE edge, I have 10 days and the cycles point it out, it's like EW but it's nice having a 70-80% chance of what way the market is going to move
Keep taking CT trades, I need more money
  • #56,057
  • Feb 24, 2010 1:29pm Feb 24, 2010 1:29pm
GBP/JPY - looking to go long

Ok so this is my first post in this thread, was looking for some input on my thoughts about this trade. The price seems to be testing the lows, but without much strength. As explained in my graph, im looking to go long on signs of strength upwards (bull engulfing type patterns etc.)

edit: i'm using the hourly and 4 hour time frames here. I usually look for patterns on the hourly + price action, then confirm it by looking at the broader picture (trends, consolidation etc) with the 4-hour chart.

Attached Image (click to enlarge)
Click to Enlarge Name: mice 1.JPG Size: 130 KB
Attached Image (click to enlarge)
Click to Enlarge Name: mice 2.JPG Size: 128 KB
  • #56,058
  • Feb 24, 2010 1:33pm Feb 24, 2010 1:33pm
Quoting Piggleop
GBP/JPY - looking to go long

Ok so this is my first post in this thread, was looking for some input on my thoughts about this trade. The price seems to be testing the lows, but without much strength. As explained in my graph, im looking to go long on signs of strength upwards (bull engulfing type patterns etc.)

edit: i'm using the hourly and 4 hour time frames here. I usually look for patterns on the hourly + price action, then confirm it by looking at the broader picture (trends, consolidation etc) with the 4-hour chart.

Attachment Attachment ...

What way is the current trend?
Keep taking CT trades, I need more money
  • #56,059
  • Feb 24, 2010 1:36pm Feb 24, 2010 1:36pm
Quoting Ryanmcd
What way is the current trend?
good point, on the 4-hour chart it seems to be range-bound, so actually if it breaks from support I'd consider it trending downwards. Short term, though, the trend is definitely down (last 20+ candles or something like that). Do you think this is a mistake to consider that a trend even if it's been pretty sharply going down recently?
  • #56,060
  • Feb 24, 2010 1:39pm Feb 24, 2010 1:39pm
Quoting Ryanmcd
10:30 and 2:30 are the times things happen just like in anyone else's day. 12-1 = lunch that's why I hit the gym. 10:30 want to get done before 12 = lunch, 2:30 want to get done before 4:00 = close.

It's funny no one talks about TIME ever, I use time and it's a HUGE edge, I have 10 days and the cycles point it out, it's like EW but it's nice having a 70-80% chance of what way the market is going to move
Well if you trade daily and weekly you don't have to worry about market timings and news. So this is the reason people don't talk about time here. But if you trade 5M it's better to trade in best timings you could get depending on your GMT.
52 traders viewing now