james16 Chart Thread | Page 2878 | 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

  • #57,541
  • Mar 8, 2010 3:57am Mar 8, 2010 3:57am
Quoting bapxyz
I need a little help on this one. I usually can figure out what the clue was that could have told me why a setup failed. (The way I learn best)
But the daily PB failure mentioned in jarroo's post #57526 has got me baffled. Except for the fact I cant find any real strong resistance till about 1.0664 to use for confluence. And maybe that is the clue no confluence that I see except you can make a case for a RZone between 1.0467 and 1.0349.
Any thoughts?
Hi Bap.

Try changing to a line chart momentarily and then draw a line from the last peak.

...That's something I'm always aware off myself, anyway.

Besides that though, not every trade is going to work out no matter how good the signal is. That's why we don't risk 100% on every great signal eh?
Bundy's status today: "Waiting..."
  • #57,542
  • Mar 8, 2010 3:58am Mar 8, 2010 3:58am
hello
what you think about this 8H PB or maybe IB confluenced with TL and 0.7 level? It's a 5 minutes before candle close.
I have a problem how to classify this trade - with trend, CT or maybe raging market? I'm affraid i can find evidences for every kind...
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.gif Size: 20 KB
  • #57,543
  • Mar 8, 2010 4:18am Mar 8, 2010 4:18am
Quoting (Yaniv)
Hey Cherry,

I'm not a pro, but even if you consider it as a PB, the first area is very very near.

So if it's not an A+ setup i would have pass it (like I did).

Hope it helps.
Thanks Yaniv and yes I agree about still needing to be A+
I would still like to know how they generally view this type of pin bars that occur after gaps.
Cheers.
  • #57,544
  • Mar 8, 2010 4:46am Mar 8, 2010 4:46am
Quoting Cherry
Hello,
I think there has been talk of the gbpchf weekly pin.
I wanted to clarify if you still use this as a pin when there is the gap between it and the previous candle? It's not between the eyes as a pin is supposed to be.
It is the same thing with the eurgbp weekly.
Could someone please tell me if you consider these as pins?

Thanks heaps.
Cherry
hi cherry, the short answer is "no" but they are sometimes taken to mean the same thing.In these cases it is very inportant to have some good confluences to make the setup worth the risk.the most important thing to concider(as allways)is LOCATION. from my experience they are more likely to fail than PBs that close inside the previous bar.
hope this helps.

jon
PATIENCE... DISCIPLINE
  • #57,545
  • Mar 8, 2010 5:06am Mar 8, 2010 5:06am
Quoting supremeChaos
i think it's a silent trend... traders are getting younger & younger
No kidding! Have you seen this little guy?

Inserted Video


He's even younger than Benji!

K.I.S.S.
  • #57,546
  • Mar 8, 2010 5:14am Mar 8, 2010 5:14am
Quoting Ezzy
No wonder I am not a successful trader......to me the PB looks great, big enough, 61 fib, PPZ......look like its back to the beginning of thread to me and strat re-reading lol.
While you cant read the thread too many times in my estimation, just as important is to watch the price action on the different time frames over the next couple of weeks concerning this bar. Chart time = experience in my opinion.


K.I.S.S.
  • #57,547
  • Mar 8, 2010 5:15am Mar 8, 2010 5:15am
And these are the young ones who ignored the J16 thread.

Inserted Video


Quoting KissFan
No kidding! Have you seen this little guy?

http://www.youtube.com/watch?v=pRPRVTQl6Sc

He's even younger than Benji!

K.I.S.S.
  • #57,548
  • Mar 8, 2010 5:19am Mar 8, 2010 5:19am
Quoting artov
And these are the young ones who ignored the J16 thread.

http://www.youtube.com/watch?v=LMtqDTrj0Xg


K.I.S.S.
  • #57,549
  • Mar 8, 2010 5:26am Mar 8, 2010 5:26am
Quoting jarroo
Yep crappy little PB of the 4 hour. . . . but it worked. It hit its target on the Friday. Alot of "soso" less quailty setups will fullfill themsevles but they lack the punch we like in the A catagory setups.
Unexpected answer from you Jarroo.....Thank you.

I liked the idea that the price just stalled in a area that i drown on the chart....It stopped at a base of a congestion area....now what i meant was to have a look on how price was going to behave.It could break the so so Pin in wich case i wouldn't have entered the trade based on that poor price action, or a break out to the downside with eventually a pull back to retest the mentioned area.

Just me 2 cents as a newbie....so all the opinions are more than welcome.
Patience is essential
  • #57,550
  • Mar 8, 2010 6:29am Mar 8, 2010 6:29am
Quoting (Yaniv)
Hey Cherry,

I'm not a pro, but even if you consider it as a PB, the first area is very very near.

So if it's not an A+ setup i would have pass it (like I did).

Hope it helps.
Nice to have you around the public thread Yaniv.

g.
I believe . . .
  • #57,551
  • Mar 8, 2010 6:31am Mar 8, 2010 6:31am
Quoting artov
And these are the young ones who ignored the J16 thread.

http://www.youtube.com/watch?v=LMtqDTrj0Xg

LOL those kids are funny

if they only knew about this thread,maybe then they will have a better life
  • #57,552
  • Mar 8, 2010 6:35am Mar 8, 2010 6:35am
Mike this is for you, I know you are in this trade your speciality,I miss it, forgot to set some alarms to aware me. The close was above 0.7 this was a huge addon


Attached Image (click to enlarge)
Click to Enlarge Name: 8mart_nzdusd.gif Size: 23 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 8mart_nzdusd1.gif Size: 21 KB
  • #57,553
  • Mar 8, 2010 6:38am Mar 8, 2010 6:38am
Hey guys I've been a lurker for the past 2 weeks. Trying to absorb as much of the great info here as possible. I've been trading for awhile now but recently started learning about price action and I think I've found my niche. This stuff is great. I think I'm getting the hang of it. Just wanted to say thanks to Jarroo for his last few posts. I've really been able to learn quite a bit from you. I hope I can bounce a few ideas off all of you in the future.
  • #57,554
  • Mar 8, 2010 6:38am Mar 8, 2010 6:38am
Quoting ghous
Nice to have you around the public thread Yaniv.

g.
Thanks ghous
  • #57,555
  • Mar 8, 2010 6:42am Mar 8, 2010 6:42am
Quoting triger88990
Mike this is for you, I know you are in this trade your speciality,I miss it, forgot to set some alarms to aware me. The close was above 0.7 this was a huge addon


Attachment
Attachment
i took this trade and im glad to here Mike is in this one also! thats as good a confluence as i could have hoped for,
the momentum seems to be there though...?

jon
PATIENCE... DISCIPLINE
  • #57,556
  • Mar 8, 2010 6:47am Mar 8, 2010 6:47am
Quoting g_j_hook@yah
i took this trade and im glad to here Mike is in this one also! thats as good a confluence as i could have hoped for,

jon

nicely done my friend

Although we are heading in to heavy resistance at 0.7060-80 look on your weekly chart we have from 2 weeks strong rejection off of support level.

manage it carefully and many pips

all the best
  • #57,557
  • Edited 7:12am Mar 8, 2010 7:08am | Edited 7:12am
Quoting triger88990
nicely done my friend

Although we are heading in to heavy resistance at 0.7060-80 look on your weekly chart we have from 2 weeks strong rejection off of support level.

manage it carefully and many pips

all the best
yep, agreed. that price lines up nicley with the 365 ma on the 4h
charts aswell. i got in with that buob on the hourly chart you showed so my stop is quite small(the bar is a couple of pips shorter than mt4s bar on oanda) so stop to BE then for me if i decide to let it run??if not im in for about 1-1.5:1 return if it gets there.??

cheers

jon
Attached Image (click to enlarge)
Click to Enlarge Name: CropperCapture[nz.jpg Size: 40 KB
PATIENCE... DISCIPLINE
  • #57,558
  • Mar 8, 2010 7:17am Mar 8, 2010 7:17am
Quoting Ezzy
No wonder I am not a successful trader......to me the PB looks great, big enough, 61 fib, PPZ......look like its back to the beginning of thread to me and strat re-reading lol.

I was in this trade early. Took half my profit off the table. Moved SL to BE. BE was hit over night. Have set buy stop to enter again at 5150.
  • #57,559
  • Mar 8, 2010 7:42am Mar 8, 2010 7:42am
Quoting lawgirl21
I was in this trade early. Took half my profit off the table. Moved SL to BE. BE was hit over night. Have set buy stop to enter again at 5150.

Looks like its finished its little CT move.
  • #57,560
  • Edited 8:10am Mar 8, 2010 7:43am | Edited 8:10am
There are some good trades setting up early this week. Here is one. I will look for shorts here at the weekly 38.2 fib area (1.0745 area). I'll post another chart when the appropriate price action forms on 1 hr or 4hr.

K.I.S.S.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfhourly.jpg Size: 117 KB
47 traders viewing now