james16 Chart Thread | Page 3386 | 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

  • #67,701
  • Jun 29, 2010 9:26am Jun 29, 2010 9:26am
Quoting jarroo
Just like your Eur/Chf 4 hour PB.
...
ahhh... eurchf.
she's wild.
i'll never remember forget that day......


Quoting jarroo
Boy did I pick the wrong time to get out of this one. lol
leave the 'bread crumbs' to us small players
  • #67,702
  • Jun 29, 2010 9:26am Jun 29, 2010 9:26am


I wonder how KissFan is doing with the Yen.
Attached Image (click to enlarge)
Click to Enlarge Name: dji30aa.gif Size: 27 KB
Indicators show the past. Price Action "Indicates" the future.
  • #67,703
  • Jun 29, 2010 9:27am Jun 29, 2010 9:27am
I'm not Rely, but I think that's what he was looking for. I have that post saved in a special Word file along with a lot more. I also have a link to this post by Jim explaining inside bars, check it out Rely: http://www.forexfactory.com/showpost...&postcount=164
If you don't risk, you don't ever have to lose.
  • #67,704
  • Jun 29, 2010 9:30am Jun 29, 2010 9:30am
Quoting supremeChaos
ahhh... eurchf.
she's wild.
i'll never remember forget that day......



leave the 'bread crumbs' to us small players

Yeah right sChoas. lol I like the crumbs too.
Indicators show the past. Price Action "Indicates" the future.
  • #67,705
  • Jun 29, 2010 9:34am Jun 29, 2010 9:34am
Quoting cprao
Jarro, see how this pair is doing now ? I took a position on this pair (demo) and approaching to the first FTA (Blue rectangle).
Blue Rectangles = FTA's
Yello rectangle = retraced back to previous high/low.

Looking good cprao.


Retrace to previous high or the consolidtion area (box) . Nice.
Indicators show the past. Price Action "Indicates" the future.
  • #67,706
  • Jun 29, 2010 9:38am Jun 29, 2010 9:38am
Quoting ghous
Oopsi! Wrong image...

Target hit at +2R.



g.

Awesome ghous! and the trade looks good too.
Indicators show the past. Price Action "Indicates" the future.
  • #67,707
  • Jun 29, 2010 9:38am Jun 29, 2010 9:38am
Heres an update on the 4 hour pin from earlier... had my stop moved to 15054 (BE) And got closed on the spike.. Spike turned into a pin bar entry for me on 10 minute... see below.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd10.jpg Size: 79 KB
  • #67,708
  • Jun 29, 2010 9:40am Jun 29, 2010 9:40am
Quoting mbqb11
Was it this Rely?

http://www.forexfactory.com/showpost...ostcount=19711

Otherwise I will dig some more

Mike

Yes! Thank you very much!


Quoting bug
I'm not Rely, but I think that's what he was looking for. I have that post saved in a special Word file along with a lot more. I also have a link to this post by Jim explaining inside bars, check it out Rely: http://www.forexfactory.com/showpost...&postcount=164
This is helpful, also, thank you, bug!
  • #67,709
  • Jun 29, 2010 9:48am Jun 29, 2010 9:48am
Quoting KissFan
Gimmie some Dow 10200ish and I'll be buying me a ho buncha them thar Japanese Yenny doo dads.K.I.S.S.
Quoting jarroo
What do you like about the 10200ish, Roger? Good S/R?
Quoting KissFan
Sorry for the delay in getting back with you Jim. I like the space (room to run) in between 10173 and 9779. I also believe that the low of 02.05.2010 will be revisited if we breach 10173 again. So maybe 10700-10800 then down from there to 9700-9800. I'll be buying greenbacks when we get back to 10173.K.I.S.S.
K.I.S.S.[/quote]
Quoting jarroo


I wonder how KissFan is doing with the Yen.
Hey Jim!
The one I have held on to the longest was AJ. (Yes I know technicaly NOT a pin but I looked for a close of the gap ad held on for dear life. LOL!) In at 79.26 and out at 75.95. EJ and GJ kept getting away from me for small profits and for opposite reasons.I think one more higher low on USDCHF and we can buy with confirming PA. Hope all is well with you friend.


K.I.S.S.
Attached Image (click to enlarge)
Click to Enlarge Name: jaroo.jpg Size: 88 KB
  • #67,710
  • Jun 29, 2010 9:57am Jun 29, 2010 9:57am
Quoting KissFan
K.I.S.S.

Quote
[Hey Jim!
The one I have held on to the longest was AJ. (Yes I know technicaly NOT a pin but I looked for a close of the gap ad held on for dear life. LOL! In at 79.26 and out at 75.95. EJ and GJ kept getting away from me for small profits and for opposite reasons.I think one more higher low on USDCHF and we can buy with confirming PA. Hope all is well with you friend.


K.I.S.S.

The first thing I thought of when I saw that BEOB (pinish looking) on the DOW was you and Rac. lol AJ and NJ are Rocking The EJ had a BEOB (pinish) as well and it rocked.

Ever since seeing your and Rac posts about the DOW and its effects on these pairs I always look at it differently.

Good to see you buddy.


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #67,711
  • Jun 29, 2010 10:05am Jun 29, 2010 10:05am
Quoting mbqb11
that is peanuts man, I know Aaron has disappered a bit otherwise he would have put this one up for you

you guys can scroll to the right for yourself LOL


PS, Jim, I tend to say I chose the wrong time to get out all the time too brother lol It's better to get out and have your cash in hand though than to wait like a rookie and get busted.
I dream, therefore I become.
  • #67,712
  • Jun 29, 2010 10:06am Jun 29, 2010 10:06am
Quoting mike w


PS, Jim, I tend to say I chose the wrong time to get out all the time too brother lol It's better to get out and have your cash in hand though than to wait like a rookie and get busted.
ditto that, brother.
Indicators show the past. Price Action "Indicates" the future.
  • #67,713
  • Jun 29, 2010 10:16am Jun 29, 2010 10:16am
Quoting jarroo
OMFG
ok, Sir james16 said a few in the PF have been able to ride the $cad mammoth move (similar to this mexican peso move).
question is, did anyone trade this $MXN move, back in 2008?
or

hahah...
  • #67,714
  • Jun 29, 2010 10:21am Jun 29, 2010 10:21am
Quoting supremeChaos
ok, Sir james16 said a few in the PF have been able to ride the $cad mammoth move (similar to this mexican peso move).
question is, did anyone trade this $MXN move, back in 2008?
or

hahah...
Not me.

I'm sure the ones that rode that Cad PB had seen many others go to the moon from the sidelines. You learn from them and practise them, read the charts not the pip amounts. Its all part of the journey.
Indicators show the past. Price Action "Indicates" the future.
  • #67,715
  • Jun 29, 2010 10:26am Jun 29, 2010 10:26am
I agree, Sir.
  • #67,716
  • Edited 10:46am Jun 29, 2010 10:26am | Edited 10:46am
Quoting bug
Jarroo sure knows what he is talking about: http://www.forexfactory.com/showpost...ostcount=66883

I know there are a lot of people who are new to this method like me who are reading this thread, trying to learn the ins and outs of this business. This post is just to prove that the seniors know what they're talking about. Moreover though, they are willing to share their knowledge with those who have only just begun their journey.

Thanks guys!

There is no doubt in my mind that the people who decide to make this method...

Yeah I liked it. Its the kind of setups we look for here that's for sure.

That's why when you post a chart and Mike kindly and respectfully rips it apart . . its because the ones that fit the A+ criteria makes moves like this one. They're worth the wait.
Indicators show the past. Price Action "Indicates" the future.
  • #67,717
  • Jun 29, 2010 10:27am Jun 29, 2010 10:27am
Quoting Pinbar
This is how the Highly Controversial BHOB on USD/CHF worked out.
that is a highly sarcastic remark and if it is your attitude in this business to scoff at being right or wrong, then i wish you good luck.

Anyone who took that trade, and managed it correctly, using the appropriate leverage did NOTHING wrong.
  • #67,718
  • Jun 29, 2010 10:37am Jun 29, 2010 10:37am
Quoting pipmyride
that is a highly sarcastic remark and if it is your attitude in this business to scoff at being right or wrong, then i wish you good luck.

Anyone who took that trade, and managed it correctly, using the appropriate leverage did NOTHING wrong.
I have to agree. Lets keep the positivity and constructive criticism flowing like we always do around here.

Mike
  • #67,719
  • Jun 29, 2010 11:01am Jun 29, 2010 11:01am
Quoting relyt
I seem to remember not to long ago that someone asked the question "what is the reason behind pinbars?" or "what causes pinbars to form?"

Someone (I think it was Mbqb11) answered it really well, but now I can't find the post. I searched back through Mbqb11's past 300+ posts and couldn't find it, so either it was someone else who answered or I just missed it.

Does anyone have a link to that post or did anyone save his answer and can copy/paste it here? If so, I would greatly appreciate it.

I feel like I'm going insane because I know I read...
I am sure Mike and the other guys would have done this before, but I'll give it a shot for you.

There is no implicit divine voodoo behind the working of pin bars.

Here's how and why they work:

scene 1: price is nicely trending. Been blowing through minor trouble areas and good solid momentum is with one of either parties.

scene 2: Price is looking to approach an important location marked by a BRN PPZ, the 50 fib or maybe even some MA.

scene 3: Strong momentum hurls price into the price pivot zone and Voila! The location responds and we see that there were opposite orders stacked at the level that have now have been hit. That "hitting" of the latest order flow is what causes the bar to then close near it's low/open or high/close. And it's this change of sentiment coded in price bars that is of special interest to technical traders particularly J16ers.

Simple.

g.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 35 KB
I believe . . .
  • #67,720
  • Jun 29, 2010 12:57pm Jun 29, 2010 12:57pm
what about this pinbar forming on eur/jpy? H4
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 16 KB
meine augen sind die sterne
51 traders viewing now