james16 Chart Thread

Quoting Petar_Serbia

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Hello guys i must say what you talk lol

I posted to Naked thread his chart also i didnt say the name of person.I posted for educate reasons.i didint offensive or something like that lol

As you know if you draw Fib you must looks last highers swing and lower if you want larger Fib we need most Higher Swing.I posted that to advice him to look better on chart and maybe to read books about Fibing to undestand better Fib. I didnt tell his chart is wrong (for me is wrong) and from some books i read nothing more...

I dont work with Fibs i work...

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Quoting ghous

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Thanks for dropping by and clearing things up Petar.

g.

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Quoting Petar_Serbia

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Ghous maybe is my Avatar bad (dark) but i have still positive face


I try to help others how i became suucesfull trader and i didnt want to tell him directly i posted on thread i usually post and he found that and that is wanted to see.He read others threads and he try to learn something new...

I alaways give advice and my view to new people and i love to help others...I got every day 5,6 mails from new traders,most of mails is i lost my balance what to do or i have 2 positions all minus what to doo i dont want that...

Traders...

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Quoting ghous

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Absolutely brother,

Pin bar found it a little insulting that his chart was being critiqued elsewhere on the forums without him even knowing about it,

We understand you intentions behind picking his chart up but maybe you should have at least made it known to him,

Anyways like I said your dropping by to clear the issue up is much appreciated.

g.

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Quoting Petar_Serbia

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Traders help Traders

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Quoting roundrock

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any ideas on this ? i have marked SL, TP levels considering 1:1, also TP is below BRN.

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Quoting tjc1020

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Hi All

I am new to the J16 thread as far as posting although I read daily and have been doing so for quite some time. I have been trying to get through the history of this thread and listening to the Guest Area webinars on the J16 web page. I also from time to time try to pop into the guest chat room. Due to my personal schedule it has been quite diffucult for me to commit time but I am determined even if it means it will take longer than most.
This is my first chart posting. I would like to know if I have drawn the Fib lines properly and does...

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Quoting ghous

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Hey TJC, congrats on your first chart!

I am not sure if fib levels drawn on opposite swings in the market are a legitimate source of confluence. I've always drawn them on either only down trends or only up trends, somebody else might assist you better with this issue...

As far as the significance of 2 fib lines is concerned, it is of value only when price is near or at it obviously, and it get's so much better if these overlapping fib lines line up with a BRN and/or a proven PPZ.

g.

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Quoting ghous

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These are definitely not incorrect.

As long as a fib ret starts at a swing high and ends at a swing low, the fibs are valid.

What I think I understand from this person's post who critiqued your chart is that the swings that are used to draw the fibs need to be distinct and and less over lapping and this though isn't totally wrong either.

Looking at your chart the difference between the 2 swing highs that you have used is pretty small while the swing low is the same for both rets hence the 2 pair of fib levels don't differ a great deal in terms...

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Quoting mbqb11

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phew back from a wedding basically 2 days no sleep so I am going to keep this short.

I agree ghous.

I really think using that swing high point the second one is incorrect too....

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OMG, it just dawned on me that a Pinbar is in fact many times a Head & Shoulders (reversal pattern) on the lower time frame! WOW!!!

Quoting ghous

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These are definitely not incorrect.

As long as a fib ret starts at a swing high and ends at a swing low, the fibs are valid.

What I think I understand from this person's post who critiqued your chart is that the swings that are used to draw the fibs need to be distinct and and less over lapping and this though isn't totally wrong either.

Looking at your chart the difference between the 2 swing highs that you have used is pretty small while the swing low is the same for both rets hence the 2 pair of fib levels don't differ a great deal in terms...

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Quoting nycc

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I study some charts during the weekend, and found this two pairs worth looking at for the coming week.
1.EURCHF is approaching 1.4 round number + 61 fibs + ppz, a good place to watch for PA.
2.EURJPY. if price breakthrough 115 then most probably it will come to 120, which also lines up with fib level and previous swing low, enough confluence to look for PA.

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Quoting Pinbar

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This Peter character , has not even apologized, That speaks louder than words about this person.

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