james16 Chart Thread | Page 3243 | 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

  • #64,841
  • May 26, 2010 8:44am May 26, 2010 8:44am
Quoting fxeturn
Already in a BE position now after a short entry from the PB break.
excellent glad to see you manage it closely. Taking a full bar loss on these types of setups are suicide in the long run in my opinion

Mike
  • #64,842
  • May 26, 2010 8:47am May 26, 2010 8:47am
Quoting novice198
just noticed a Double bottom formation on the UJ H4 TF (ODL). It is not DBLHC but plain simple DB. Is this kind of setup playable as per the attached, or is it that I am just forcing a trade.

Comments / views/ critiques, all welcome.

Cheers
Novice198
Hey N

I think this is a bit risky as you are not even clearing the entire range or that top of the PPZ. I agree price is consolidating so it may pop, but IMO just buying at the top of that range is tricky. Now if the top of the range had multiple bar highs in a row(that lined up to the pip very close) then it would warrant more of a solid breakout play. I don't think have a TBL is enough in this type of scenario. There are easier ways to get into a play IMO.

Best
Mike
  • #64,843
  • May 26, 2010 9:16am May 26, 2010 9:16am
I have been studying this thread for the past few weeks and really appreciate the work you are all doing here

I'm still at the early stages of learning these techniques (so go easy on me) but stumbled on a US OIL chart while I was reviewing my FX daily charts. This pinbar looked so good to me I thought I would share to see if you would agree that this fits into the A+++ category?

I really appreciate any feedback, although this is OIL.

Attached Image (click to enlarge)
Click to Enlarge Name: US_OIL_26May2010.png Size: 43 KB
  • #64,844
  • May 26, 2010 9:19am May 26, 2010 9:19am
Here's a trade I'm in right now. The dbhlc looked good, so I took it. Even though there is a buovb on the weekly, I thought the weekly/monthly trend would be strong enough to overcome it. My TP may be a bit ambitious as things may bounce around the 61 fib; I'll have to watch it when/if price drops there. Just about ready to move my SL to BE.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4 hr chart.gif Size: 38 KB
Click to Enlarge Name: weekly chart.gif Size: 33 KB
  • #64,845
  • May 26, 2010 9:23am May 26, 2010 9:23am
guys look at dow jones chart on 2 hrs.. its an inverted H&S
  • #64,846
  • May 26, 2010 9:36am May 26, 2010 9:36am
It seems that my I4B pin shaped at the BRN on EURAUD is working great!!!

It's with the trend so i'm trying to let it run...until 1.45

P.S. Live account
Attached Image (click to enlarge)
Click to Enlarge Name: ea2.gif Size: 10 KB
Market is like a puzzle, YOU have to fit the pieces!!
  • #64,847
  • May 26, 2010 9:54am May 26, 2010 9:54am
Quoting Chris_B
It seems that my I4B pin shaped at the BRN on EURAUD is working great!!!

It's with the trend so i'm trying to let it run...until 1.45

P.S. Live account
that's a great i4b.... I don't know why I passed on it!
Many choose unhappiness over uncertainty.
  • #64,848
  • May 26, 2010 9:58am May 26, 2010 9:58am
Quoting Chris_B
It seems that my I4B pin shaped at the BRN on EURAUD is working great!!!

It's with the trend so i'm trying to let it run...until 1.45

P.S. Live account
Chris did you have a huge gap in price at 15:44?
My feed sort of died for a minute so I logged out and came back in.
Price had dropped from 1.4708 to 1.4625.
Now it is moving up to close the gap.

weird...

Now it has closed the gap at 16:00!
  • #64,849
  • May 26, 2010 10:00am May 26, 2010 10:00am
Some bearish PA at the 10200 level would be appreciated.
Attached Image (click to enlarge)
Click to Enlarge Name: dow_ppz.png Size: 44 KB
  • #64,850
  • May 26, 2010 10:02am May 26, 2010 10:02am
Quoting six gun
Chris did you have a huge gap in price at 15:44?
My feed sort of died for a minute so I logged out and came back in.
Price had dropped from 1.4708 to 1.4625.
Now it is moving up to close the gap.

weird...

Now it has closed the gap at 16:00!
No gap on my feed..
Market is like a puzzle, YOU have to fit the pieces!!
  • #64,851
  • May 26, 2010 10:06am May 26, 2010 10:06am
Quoting Chris_B
It seems that my I4B pin shaped at the BRN on EURAUD is working great!!!

It's with the trend so i'm trying to let it run...until 1.45

P.S. Live account

Nice one,,, MACD is going up while PA is going down.
Attached Image (click to enlarge)
Click to Enlarge Name: pic.gif Size: 31 KB
  • #64,852
  • May 26, 2010 10:09am May 26, 2010 10:09am
Quoting Chris_B
No gap on my feed..
LOL look at this on the 2 minute chart! (broker GFT).
Talk about erratic price
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.PNG Size: 17 KB
  • #64,853
  • May 26, 2010 10:31am May 26, 2010 10:31am
look into the 4h charts of aud... its soon becoming a bearish pin
  • #64,854
  • May 26, 2010 11:45am May 26, 2010 11:45am
Quoting fxdrive
I have been studying this thread for the past few weeks and really appreciate the work you are all doing here

I'm still at the early stages of learning these techniques (so go easy on me) but stumbled on a US OIL chart while I was reviewing my FX daily charts. This pinbar looked so good to me I thought I would share to see if you would agree that this fits into the A+++ category?

I really appreciate any feedback, although this is OIL.

Attachment
Hey Fx

The whole grading system is tough b/c one persons C trade might be someone elses A+ trade.

This was a pinbar at a swing low. Size could be bigger in terms of fighting such a huge down trend, but it had a decent size. I would have preferred a stronger close over 70 personally. With that said we could see the first trouble area easily being at 71, so if managed correctly should prevent anything beyond a small loss(unless someone is trying to pick a bottom and hold and understands if it hits 71 and reverses they know why).

Best
Mike
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 18 KB
  • #64,855
  • May 26, 2010 12:32pm May 26, 2010 12:32pm
hmm... gbpchf DBLHC on daily chart, hope it stays in end of the day. previous two days shows allmost twoday pinbar. There is room to go up now so wait till tomorrow.
Attached Image
  • #64,856
  • May 26, 2010 12:49pm May 26, 2010 12:49pm
Quoting Samb0o
hmm... gbpchf DBLHC on daily chart, hope it stays in end of the day. previous two days shows allmost twoday pinbar. There is room to go up now so wait till tomorrow.
Hey Samb

Remember for a DBLHC the close of the bar MUST be above the previous bars high. Also remember that is a swing high point and as taught by j16 we want to see that setup at swing low points. Of course there are exceptions but when new to this I think it is important to grasp the basics from James first.

Hope that helps!
Mike
  • #64,857
  • May 26, 2010 1:12pm May 26, 2010 1:12pm
Shoot .... that looks nicer than my EURNZD. Incidentally I'm still in as my target ..... 330 pips from entry has not yet been reached.

Entry short upon IB4 break @ 1.8330, target 1.80. Last bar straddling 1.85 VBRN

Given the distance, & location of SL, I would play this with low size ... although I guess that someone like James may have taken some off the table by now!

Quoting Chris_B
It seems that my I4B pin shaped at the BRN on EURAUD is working great!!!

It's with the trend so i'm trying to let it run...until 1.45

P.S. Live account
Attached Image
  • #64,858
  • Edited 1:40pm May 26, 2010 1:23pm | Edited 1:40pm
Quoting mbqb11
Hey Fx

The whole grading system is tough b/c one persons C trade might be someone elses A+ trade.

This was a pinbar at a swing low. Size could be bigger in terms of fighting such a huge down trend, but it had a decent size....
On my chart the high was 70.06 so a buy at 70.16 would have been OK? This way it would have broken the resistance at 70. I did take a trade at 70.16 and now need to manage it

Many thanks for taking the time to reply.
  • #64,859
  • May 26, 2010 1:27pm May 26, 2010 1:27pm
Quoting fxdrive
On my chart the high was 70.06 so a buy at 70.16 would have been OK? This way it would have broken the resistance at 70[=p-o6y7tr543w21

Many thanks for taking the time to reply.
Yes what is nice is when you have a rd number so close to your entry. It gives you a good feeler out pt to be able to cut out for a smaller loss when they turn on you
  • #64,860
  • May 26, 2010 2:32pm May 26, 2010 2:32pm
Hey everyone

I have noticed my losses are about 70% made on Daily. I´m feeling stupid. Daily should be easier to trade than lower timeframes?

Scenario is that when buffer limit stop has been triggered, price retraces immediatelly and hits stoploss. Though it may be hard to answer but is there any other reason than just bad PA-bars?

I use often 100pip stoploss, thats my max..

Trading doesn´t taste good today.. Hope someone can give me some ideas.

Nuc
51 traders viewing now