james16 Chart Thread | Page 3358 | 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

  • #67,141
  • Jun 23, 2010 2:23pm Jun 23, 2010 2:23pm
Quoting fxprocessor
I'm watching gold for some low time frame pa around the trendline.

Daily gave a sweet beob which broke low. Now we are retesting this trendline....
I am interested to see your interest in gold.
Price was rejected from 1230.
I have a month trendline which has been broken so far by today's candle.
1220 has lots of bar lows and lots of traffic.
The trend is up, hard up and parabolic.
There was an all time high last week.
Last time for that there was a pull back.
The trend is up, so any short is very much counter trend.

Interested in your views.
  • #67,142
  • Jun 23, 2010 2:33pm Jun 23, 2010 2:33pm
Quoting six gun
I am interested to see your interest in gold.
Price was rejected from 1230.
I have a month trendline which has been broken so far by today's candle.
1220 has lots of bar lows and lots of traffic.
The trend is up, hard up and parabolic.
There was an all time high last week.
Last time for that there was a pull back.
The trend is up, so any short is very much counter trend.

Interested in your views.
I just look for low timeframe PA after high timeframe PA. I take quick profits so overall trend does not always concern me if the timeframe I am trading is in my direction. I will not take a trade here unless nice low tf PA comes though.

hope this helps

fxp
  • #67,143
  • Jun 23, 2010 2:34pm Jun 23, 2010 2:34pm
Quoting bug
http://www.youtube.com/watch?v=2yW_sIKBfIk

WTF!? This is pure psychosis.
  • #67,144
  • Jun 23, 2010 2:45pm Jun 23, 2010 2:45pm
Quoting six gun
WTF!? This is pure psychosis.
Are you threatening me? I am King Cornholio!
If you don't risk, you don't ever have to lose.
  • #67,145
  • Edited 4:55pm Jun 23, 2010 2:52pm | Edited 4:55pm
Quoting novice198
Hi Jarroo,
Not with standing the fact that the daily PB worked well ( this is in hindsight), isn't the daily PB a B setup at its best due to the size of the PB as compared to the other bars around it.

Cheers
Novice 198
Absolutely N198.

The Daily PB was more like a C-D setup if you want to grade it. An easy pass for the smart picky J16 trader. That's what happens when your picky, you'll see these sub-standard PA setups take off and you just smile even though you didn't take it, because this PA stuff works.

The 8 Hour BUOB was a bit better size wise as it relates to the previous bars on that time frame, not off the 1.2500 but it was near it, trading into a PPZ level, etc. An easy pass for the smart J16 trader.

That's why I said if you were to trade a setup like this . . . and I suggest you don't . . . . it better break the way it did or cut it loose quick.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ec88.gif Size: 24 KB
Click to Enlarge Name: ec30.gif Size: 25 KB
Indicators show the past. Price Action "Indicates" the future.
  • #67,146
  • Jun 23, 2010 3:06pm Jun 23, 2010 3:06pm
  •  kk21
  • | Joined Sep 2009 | Status: ...the innocent bystander | 45 Posts
[/quote][quote=supremeChaos;3824345]

(.....you simply click on the 'number of posts' link of each member. it is found on every post.....)


thnx so much supremeC,

we need all the help we can get in this biz
and u guys here are providing it selflessly
  • #67,147
  • Jun 23, 2010 3:06pm Jun 23, 2010 3:06pm
Quoting bug
Are you threatening me? I am King Cornholio!
No mate but I may be recommending major tranquillisers, electroconvulsive therapy and 6 months compulsory detention in a high security mental institution.

These delusions of grandeur King Cornholio, clear pressure of speech on the video and confusional state needs to be treated before it is too late. If your condition deteriorates further, who knows you might even decide to start trading forex and indices....
  • #67,148
  • Jun 23, 2010 3:14pm Jun 23, 2010 3:14pm
Quoting joelcf
Let me preface this with a disclaimer: Reading back, sometimes my combination of brevity and charming personality comes off like a cranky old man on the porch, ranting at kids on my lawn... so I apologise if I did. I wasnt trying to be a jerk or anything It's just a topic that comes up at least once a month in here, so I figured a longer answer was in order.



It isnt really that you shouldnt bother, it is just that I dont really see any particular one being 'best'. Arguments can be made for/against any, but - in my view anyways - as long...

Another great one Joel.
Indicators show the past. Price Action "Indicates" the future.
  • #67,149
  • Jun 23, 2010 3:15pm Jun 23, 2010 3:15pm
Sweet
Last night I posted a pin bar for Brent Oil.
My short got triggered and boooom I am 210 pips up.
So pleasing when it works.
Attached Image (click to enlarge)
Click to Enlarge Name: brent1.PNG Size: 33 KB
  • #67,150
  • Edited 3:45pm Jun 23, 2010 3:23pm | Edited 3:45pm
Quoting datogio
Yes nice one Jarroo. I missed to capitalize on that one too but acquired a new portion of information to build my experience wall I'm so thankful that I'm at the point of mindset, at last, when there're no missed or lost positions, only positions that build the experience and confidence, sometimes for a tiny charge and sometimes for free or even with profit.

God bless this thread and all its participant.

You have echoed my thoughts perfectly, brother.

Wow . . I couldn't have said it any better.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #67,151
  • Jun 23, 2010 3:26pm Jun 23, 2010 3:26pm
Anyone making money buying CAD is my hero ;]. Usd/cad is at very strong support and i could risk a bet that we will see 1.0700 soon. Weekly looks very promising. Last swing with lower low and higher high with BUOB in the making. Only 2 days left and i hope it wont change that bar to much ;]
  • #67,152
  • Jun 23, 2010 3:43pm Jun 23, 2010 3:43pm
Quoting six gun
No mate but I may be recommending major tranquillisers, electroconvulsive therapy and 6 months compulsory detention in a high security mental institution.

These delusions of grandeur King Cornholio, clear pressure of speech on the video and confusional state needs to be treated before it is too late. If your condition deteriorates further, who knows you might even decide to start trading forex and indices....
I guess it's too late for me or any other cornholios on this thread.
If you don't risk, you don't ever have to lose.
  • #67,153
  • Jun 23, 2010 3:54pm Jun 23, 2010 3:54pm
Quoting six gun
Sweet
Last night I posted a pin bar for Brent Oil.
My short got triggered and boooom I am 210 pips up.
So pleasing when it works.
Very nice six
  • #67,154
  • Jun 23, 2010 3:55pm Jun 23, 2010 3:55pm
Like the 1.5 BRN, PPZ, overall downtrend, and 61.8

We shall see....ala Rac trade ?
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 36 KB
  • #67,155
  • Jun 23, 2010 3:57pm Jun 23, 2010 3:57pm
How to shoot em up

Quoting six gun
Sweet
Last night I posted a pin bar for Brent Oil.
My short got triggered and boooom I am 210 pips up.
So pleasing when it works.
  • #67,156
  • Edited 4:25pm Jun 23, 2010 4:00pm | Edited 4:25pm
Quoting gc7
Hey jarroo, I'm watching it out of curiosity, but not quite sure what to do if it stays inside the daily BEOB. Would it be a low risk, but maybe foolish trade to short it now, around 1.4912?
Grant

It would appear to be foolish if that's all your basing that trade on. (imo) I need more information.

Is there any PA confirmation? How strong is the 1.4900 RN level? Is it a higher time frame PPZ level or just a minor one? . . . Inside the Daily BEOB, at the trendline, enter at 1.4912. . . . I just need more confirmation to take a trade.

I not saying trendlines are a bad thing quite the contrary, I would use them as part of the story instead of the whole story of a setup.


So on the Hourly . . . a small BEOB, at the trendline, at a swing high, break below the 1.4900. Not the best setup I would take (which I didn't) but good for 40 or so pips with no draw down.

My point is that PA with confluences makes a better trading decision.
Attached Image (click to enlarge)
Click to Enlarge Name: guhh.gif Size: 27 KB
Indicators show the past. Price Action "Indicates" the future.
  • #67,157
  • Edited 5:25pm Jun 23, 2010 4:22pm | Edited 5:25pm
Quoting fxprocessor
USDJPY inside bar short.

Price has broken through a 62 fib and broken the bottom of a BUOB. I see this as a sign of weakness that the area did not hold. I also used a pitchfork to provide me with additional information for this trade but this is not really relevant to the thread.

The break of the daily inside bar was my trigger. Very small risk/stop loss above todays high. I will update if stop loss is hit or when I take profit.

90 round number is being tested now and may be the area that pushes price against me and stops me out. If...



Quoting fxprocessor
Stop loss was moved to break even this afternoon and I have now exited for 1.75r winner.

Nice fxp.



BTW . . . Your Gbp/Jpy trade the other day was great. . . . Setup . .Target . . . Hit (Bam) . . beautiful.
Indicators show the past. Price Action "Indicates" the future.
  • #67,158
  • Jun 23, 2010 4:31pm Jun 23, 2010 4:31pm
Quoting Atc
Like the 1.5 BRN, PPZ, overall downtrend, and 61.8

We shall see....ala Rac trade ?




I have my eyes on this.
  • #67,159
  • Jun 23, 2010 4:37pm Jun 23, 2010 4:37pm
Quoting Atc
Like the 1.5 BRN, PPZ, overall downtrend, and 61.8

We shall see....ala Rac trade ?
Indicators show the past. Price Action "Indicates" the future.
  • #67,160
  • Jun 23, 2010 7:24pm Jun 23, 2010 7:24pm
Dear Seniors, I turn to you with a question: there's a small pin* on EU daily. Imagine for a second that the pin has a longer wick, just for the sake of the argument.
1. If the right eye is going to test the pin, would you rather have it test the low of the PB's body, which is also at the same level with the left eye's body low (1.2268) OR the low of the left eye's wick (1.2251).
2. If we have a bigger round number, say 1.2 or 1.3 as support instead of the not-so-fancy 1.23, would you consider taking such a trade at the brake of the pin without the right eye testing the pin?
3. Is there something else I'm missing?

I appreciate your input, guys.

*My feed has the wick at around 60 pips vs the body 50 pips, FF chart had 70/40 if I remember correct. This is not a good pin as I understand it, but those questions about the 'testing' started bugging me.
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 18 KB
If you don't risk, you don't ever have to lose.
86 traders viewing now