james16 Chart Thread | Page 3416 | 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

  • #68,301
  • Jul 10, 2010 2:19am Jul 10, 2010 2:19am
Being an IT contractor I managed to 'acquire' those 2 (3 actually - significant other got the 3rd one) screens when my client at the time, a big bank was going to check them in a skip!

These banks really do have too much money on their hands..

The workstation I got from eclipse computers For a base system (just the base unit, no screen, keyboard, mouse) with no software just a blank hard drive you can get a real beast for under £200.
Anything can happen.
  • #68,302
  • Jul 10, 2010 2:43am Jul 10, 2010 2:43am
Quoting mistersimple
sorry to interrupt your snake stuff..
your thoughts on NZDUSD daily and AUDUSD daily..

AUDUSD h4 heavy divergence + lots pf indecision bars+ multimonth (3rd kiss) + perfect butterfly = short from here or wait to break .8650 level?

btw eurgbp still running ..damn
Nu's probably worth a look,

Small bar but I like it in terms of the overall action on the pair and the supporting confluences.

g.
Attached Image (click to enlarge)
Click to Enlarge Name: nu.png Size: 27 KB
I believe . . .
  • #68,303
  • Jul 10, 2010 2:46am Jul 10, 2010 2:46am
Quoting aserbfx
a good example for a bearish ipb? (also notice the pb a fex days ago)!
You've got to be brave to trade a poor looking (small) IPB on stocks, these are non-liquid markets that can take out your tiny stop (in case of the IPB) literally by the market open gap.

I've never traded stocks so just commenting from what I've seen on stock charts when they are posted around.

g.
I believe . . .
  • #68,304
  • Jul 10, 2010 2:48am Jul 10, 2010 2:48am
Quoting Dan Gilbert
went on a spending spree tonight, got myself a nice 22" monitor and hooked it up as a dual with my 15.4" laptop screen..... wow.... should have done this a long time ago.

also bought the book "trade your way to financial freedom"

who says money can't buy happiness? lol!
I believe . . .
  • #68,305
  • Jul 10, 2010 2:50am Jul 10, 2010 2:50am
Quoting ddinnov
Duel screen is the way to go - especially for trading.

Are we posting up workstation pics?!
Nice trade plan.
Attached Image
I believe . . .
  • #68,306
  • Jul 10, 2010 2:58am Jul 10, 2010 2:58am
Quoting ghous
Nice trade plan.
Thanks!

That's actually the trade checklist, on the left screen I have the trading beliefs and out of the picture to the left on the wall I have the actual plan.

I read them all each day before opening up my charts.
Anything can happen.
  • #68,307
  • Jul 10, 2010 5:25am Jul 10, 2010 5:25am
Quoting jeurre
hey, benji, still have a couple of questions not answered. for instance, "half way", no idea how to understand the half way; "sing of pause" ?
Hey jeurre,

When I say a breakout pattern is a sign of a pause I mean we are in a strong trend, then we stop and consolidate very tight, gain momentum, and then break in the trend's direction. Meaning the BO pattern itself is just where price is pausing/resting/gaining momentum/etc, before it will continue trending. It's not a reversal patten, and that's why I will trade it only with the trend.

"half way" means the PA bar should retest the broken TL deep enough. Like you stick a pin in something half it's length. That's only a guideline though. The point is, I want the bar to truly retest the consolidation area and reject hard to confirm the pattern. It's pretty simple.

Quoting Pinbar
Benji, thanks for your analysis, it is truly refreshing and encouraged me to simplify my charts and go back to the Big guys video therapy.

As you posted the AUD/USD M30 wedge, I am wondering if you will use this lower TF wedge to validate this IB48 we have on the daily at the 50 fibo. or if you are treating this independently of the that bar.

Thanks in advance
Hey Pinbar,

Actually I do not really trade inside bars. I am not comfortable with them personally, but that doesn't mean they aren't good. For your question - yes, I think the point of inside bars is to sign a squeeze, indecision, and momentum gain before breaking. Exactly like the BO patterns sign. So I guess the 30 minuets shows you that price is really squeezing.

Ben
  • #68,308
  • Jul 10, 2010 6:13am Jul 10, 2010 6:13am
Hi all and keep up great work. I use FX Lite Trader 4 - Demo account for charts but place trades with another broker. My brokers charts not that good.

Noticed some charts here are not offered by FX Lite.

Any free, comprehensive, sites I can have a look at?

Any help appreciated!!
  • #68,309
  • Jul 10, 2010 6:47am Jul 10, 2010 6:47am
Hope my file is attached! Getting re-accquainted with this.

Thinking of taking this long based on IPB, at resistance near RN and managing it tightly as there is traffic to the left. SL under short wick. It is not at an extreme swing low but there is resistance there.

Demo only!!! I am comfortable with the basics and have been reading on here about the IPB.
Attached Image
  • #68,310
  • Jul 10, 2010 7:36am Jul 10, 2010 7:36am
A lot of action at 0.8778 on the 4H, smallish pinbar on the daily, if it breaks 8800 there is no noise between 8800 and 8900
Attached Image (click to enlarge)
Click to Enlarge Name: 1278765207_73_UploadImage.png Size: 57 KB
  • #68,311
  • Jul 10, 2010 7:42am Jul 10, 2010 7:42am
Quoting Grousman
Hi all and keep up great work. I use FX Lite Trader 4 - Demo account for charts but place trades with another broker. My brokers charts not that good.

Noticed some charts here are not offered by FX Lite.

Any free, comprehensive, sites I can have a look at?

Any help appreciated!!
I use Sierra Charts for Forex, they aren't free, about £12 a month but they are fine for my needs, just gotta figure out what all that squiggly line nonsense really means
  • #68,312
  • Jul 10, 2010 7:44am Jul 10, 2010 7:44am
Quoting fx_heaven
Hi idempotent,

In the case of a DBHLC (bearish sell signal) you are looking for two consecutive bars with highs equal (or within a pip) and the close of the second bar is outside or below the extents of the previous bar.

For a DBLHC (bullish buy signal) you are looking for two consecutive bars with lows equal (or within a pip) and the close of the second bar is outside or above the extents of the previous bar.

There are also TPHLC and TPLHC (triple bar setups) which dont happen often but are very reliable.

Hope that makes sense.
Thanks, I thought that was the case, but I couldn't find it stated explicitly
  • #68,313
  • Jul 10, 2010 9:34am Jul 10, 2010 9:34am
Cons:
Size is not big. Barely engulfed the previous one
In relative to the 07/01 bullish bar, it is too small.
Lot of traffic

Cons: With the long-term trend.
Swing high
At fib retracement
Broke 1.27 - Wekly PPZ

Comments ?
Attached Image (click to enlarge)
Click to Enlarge Name: Daily -EURUSD-07-10-2010.gif Size: 32 KB
  • #68,314
  • Jul 10, 2010 9:38am Jul 10, 2010 9:38am
Quoting Grousman
Hope my file is attached! Getting re-accquainted with this.

Thinking of taking this long based on IPB, at resistance near RN and managing it tightly as there is traffic to the left. SL under short wick. It is not at an extreme swing low but there is resistance there.

Demo only!!! I am comfortable with the basics and have been reading on here about the IPB.
This one's probably the neatest in quite some time...

g.
I believe . . .
  • #68,315
  • Jul 10, 2010 9:40am Jul 10, 2010 9:40am
Thursday + friday bars together makes up a BEOB.

Cons: Size is not great- in relative to 07/01 bar, the size is small
Traffic

Pros: Swing high
Broke the consolidation (previous 4 bars)
at 71.8% Fib retracement
with the longterm trend

Comments ?
Attached Image (click to enlarge)
Click to Enlarge Name: daily-gbpusd-07-10-2010.gif Size: 36 KB
  • #68,316
  • Jul 10, 2010 9:46am Jul 10, 2010 9:46am
Looks weaker setup than the previous 2 pairs (EURUSD and GBPUSD)

Cons:
Still in consolidation. Not really broke the consolidation or sideways market.
Not at absolute swing high

Pros: Crossed and closed under 1.035 (Weekly PPZ)
With the trend

Comments ?
Attached Image (click to enlarge)
Click to Enlarge Name: Weekly-USDCAD-07-10-2010.gif Size: 34 KB
  • #68,317
  • Jul 10, 2010 9:51am Jul 10, 2010 9:51am
Looks better than EURUSD,GBPUSD and USDCAD setups ?

Cons:
Against the trend
Bar size is small in relation to 07/01 bearish bar

Pros: Sitting at the solid support
Swing low
Attached Image (click to enlarge)
Click to Enlarge Name: daily-USDCHF-07-10-2010.gif Size: 40 KB
  • #68,318
  • Jul 10, 2010 10:04am Jul 10, 2010 10:04am
cool, benji


Quoting benji533
Hey jeurre,

When I say a breakout pattern is a sign of a pause I mean we are in a strong trend, then we stop and consolidate very tight, gain momentum, and then break in the trend's direction. Meaning the BO pattern itself is just where price is pausing/resting/gaining momentum/etc, before it will continue trending. It's not a reversal patten, and that's why I will trade it only with the trend.

"half way" means the PA bar should retest the broken TL deep enough. Like you stick a pin in something half it's length. That's only a guideline though....
  • #68,319
  • Jul 10, 2010 10:04am Jul 10, 2010 10:04am
Hello chaps,

Any opinions on the BEOB on GBP/AUD weekly? It's a t a nice swing high, could be bigger but the close of the bar is very near the bootom of it's range.

It's bounced off BRN 1.8000 and if you zoom out there's a possible trendline that it might have bounced off as well if you draw from late 2007 down to last week. It looks liek a correctiove move in and downward trend

My concern is that it looks a bit like a reverse H&S forming as well. Although I have a feeling the bears might push it down to 1.7000.

Opinions anyone?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbaud_weekly.gif Size: 13 KB
Click to Enlarge Name: gbaud_weeklyzoom.gif Size: 17 KB
Anything can happen.
  • #68,320
  • Jul 10, 2010 10:26am Jul 10, 2010 10:26am
Quoting cprao
Looks better than EURUSD,GBPUSD and USDCAD setups ?

Cons:
Against the trend
Bar size is small in relation to 07/01 bearish bar

Pros: Sitting at the solid support
Swing low
I'll leave the J16 PA for Mike to address but wanted to comment on this one if that's ok.

I agree with the Q?
"Solid support. Can this hold one more time?"
I Suspect that it will.

IF AND:
If it does
And it climbs to FTA4; we will be setup for a Potential H&S so I would expect a bit of a fight there.
Attached Image (click to enlarge)
Click to Enlarge Name: cprao daily july 10 h&s.gif Size: 48 KB


If the Support fails it would suggest to me that the Bears are Hunting Parity again.
453 traders viewing now