james16 Chart Thread

Hi guys,
What do u think of these Daily Pinbars, off strong PPZ & Round Nr if they close as actually ?
usdchf (very strong PPZ off RN 1.05)
chfjpy (Pin has better shape off 90 RN but not as strong PPZ)

The usdchf looks more like a big spinning top, neutral bar as it looks right now, but we have to wait until the close of the day. Yes, PPZs at RNs are indeed good location.

What an +A setup? I mean which setup can we call A+?
Thanks,

When I think of an A+ setup I think of the Weekly Cad PB in Nov. 2007. But there are many different types of an A+ setups due to its location and supporting confluences.

Have you checked out the guest section? There's some great free videos there to learn from.

http://www.james16group.us/Guests/guestmaterial.html

Spot on Jarroo.

I can't see the strong signs that could reverse this strong move. I did checked the market today by shorting AJ and UJ @ double top but got stopped out.

The beauty of a touch trade is that it should shake hands with your Confluence zone and then run as hard as it could.lol. and i can't see it happening on my Yen cross (AJ,GJ,EJ,UJ).

If look at UJ it has just broke its double top and staying nicely above it and same case with AJ.
EJ has also broke its long awaited 50% Ret.

Only one pair shown respect to confluence zone is GJ. But it did't shown a strong reaction also the small bars i see in 1H are not enough to change this trend.

If i see any bearish PA on any of them then it would be a different story but no touch trades for now.

Maybe tomorrow near NFP if they could reach those locations in my charts with Dow hitting 11000. But who knows.

Good Luck every one.
.

just like SC said

edit: whoops i meant just like ikki said i was in a hurry and didnt check the post well



btw i also saw a video of J16 once talking about how is best to play the BEOB and BUOB i remember him talking that is good to enter in the trade on the retracement of the BUOB/BEOB

Great observation nasir . . .and great charts too.

my opinion would be that the chf/jpy would have to close much lower then where it is now(lower close then the open) otherwise it would have a funky look that wouldn't be convincing. And for usd/chf even if it closed higher then where we are now it would look weird as the nose didn't protrude that far away from the previous low. Not seeing either wouldn't be playable, but would have to be babysat IMO. I think we close as neutral bar on usd/chf and chf/jpy closes as a lame weak pin if anything.

Just my 2 cents, but I didn't get much sleep last night LOL

Mike

yeah this would have been a deadly one. One of these days I am going to put some more time into this touch trading round number business

Hey all

Just a note (not for the people who know what they are doing - don't bother reading if this is you), but for the benefits of new people who have just stumbled across this thread and are trying to make sense of what people are talking about: I have found that many charts posted on this thread of later/recent times are way too long/scrunched up/messy and contain too much history. And I think the candle chart postings are even messier (I prefer bars personally)... weird to some for me to say this maybe, just wanted to throw a reminder (for the newbs) towards the original "tutorials" from Jim at the start of this thread that it's probably easier to use barcharts to spot price zones (IMHO), plotting the up bars as green and down bars as red. The reason I say this is coz the bodies of bars are same thickness as the noses, so it doesn't distort the picture, unlike candles which are good for spotting certain patterns, yes, but the thick, coloured bodies often distract the eyes away from support/res. And I have found that zooming in a lot more/having much larger spaces between the bars really seems to help - not sure why, but it just does.

I know that the idea of viewing a long back history on charts is to help show the major PPZ's, but Jim does also teach the "why did price stop here? Because of these bar highs/lows" type mentality AND those "bar highs/lows" are often just a few bars back - in other words, really recent "trouble areas" or "minor PPZ's".

So this was just a word to the newbs. Keep charts bare, basic, bars (to help spot price areas easier) but also really do keep a keen eye out for the most recent bar highs/lows, even in areas of high "traffic" (ie: clusters of bars, messy chop often without direction). These most recent high lows really affect price a lot more than I think people talk about. Yes, the major price zones (PPZ's) are ultimately the targets for take profit/locking in profits, and we always hope we get to hit them, but along the way the not-so-obvious highs and lows (even off of a single lonely bar!!) can and does act as support/res. Spot them and prepare to react if price struggles at these areas.

This post was not intended for experienced J16 followers, I'm not asking anyone to change anything they do/post I just wanted to try to tell newbs they shouldn't be reading this part of the thread, they should be back around... oooh, let's see, about page 1!

Seriously - watch those minor trouble areas, not just the big'uns.

Trig

I'm with you on that one. I loaded up at 0.8850. I've been waiting for this level to get hit for a good while now!

The EJ PPZ at 127.00 didn't appeal to me although it was a good one!

Nice Pin off of the 90.00 zone.

can someone explain whats touch trade ? btw, i did watch the chart go up and sown on CHFJPY. it moved up and down 200 points in 5 minutes (100 up and 100 down).

A touch trade is simply selling/buying at a predetermined area without waiting for PA. So if we looked at chf/jpy and saw the 90 area had a lot of resistance you could place a sell limit up near that area and have a set stop(fixed or otherwise) and trade S/R like that

Best
Mike

Will it travel like it did the previous ten times??

Hey wizard.

Had any problems with your modem lately. (jk)


Good to see you.

Jim

clean looking pin, compared to other charts.
what platform/broker is this chart from?
Thanks!

ibfx looks like that...

Hey Supreme, it's GFT Dealbook Web. The 4H chart also has a real nice PB. I'm unable to upload now, but will do a bit later.

A nice confluence at 1100 + 100 EMA with DBLH