james16 Chart Thread | Page 3697 | 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

  • #73,921
  • Sep 4, 2010 6:34am Sep 4, 2010 6:34am
[quote=Atc;

Next, I am concerned on the size of the PB in relation of the PB and wanted to ask you or to clarify for others if I am correct that you would wait for confirmation on a lower TF to see if this wkly PB is in play before trading it straight up on the wkly.

Is this correct?

Bill[/quote]

Follow up on one of last weeks eur/usd PB...if i remember there was lots of interest in the PB's on the weeklies last weekend to which they were passes for me...I wanted to point out that the eur/usd worked even though I commented last week it was doji like when combining it with the previous bar...However, it took some time to pan out and trigger, but it did work and would have hit the first target...as you can see from the daily you could have waited for the break of the PB or waited for the retrace to resistance which turned to support which is displayed on the daily TF if I am seeing this correctly...this would have confirmed that the weekly PB was valid and further support the trade...

What do you think...am I seeing this correctly...any comments welcome
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 23 KB
Click to Enlarge Name: 2.gif Size: 21 KB
  • #73,922
  • Sep 4, 2010 7:08am Sep 4, 2010 7:08am
I got a phone call from my father today. Nice conversation. But then he asked:
- Are you still doing that casino thing you do?
- Yes, dad.
- When are you going to finally become a responsible adult, you are old already!

Eh. Sucks. Good thing I'm not married, cause she would be probably the same.
  • #73,923
  • Sep 4, 2010 7:36am Sep 4, 2010 7:36am
Quoting ghous
Now where is Dan (Gilbert)?

He's probably having a weekend beer or two or cycling down a thrilling rocky hill so I'll leave this here for when he comes back.

g.
Hi G,

Mind explaining what pattern is this ( i believe its a inside bar?) and what made it a good one?

Thanks!
  • #73,924
  • Sep 4, 2010 7:36am Sep 4, 2010 7:36am
Quoting aserbfx
yes, i know this guy. if you want to know more of his trading style, do a search for the book "bird watching in lions country" from dirk du toit. it's a countertrend strategy. very interesting...
Recently there is a stock challenge in my country Malaysia. for such a market with low volume, I wonder how the leader gained 300% from his/her starting capital of $100,000 in 14 days. hmm.. day trading? anyone has any idea?

p/s:I know this is not exactly 'forex', still same principle though I guess
  • #73,925
  • Sep 4, 2010 7:44am Sep 4, 2010 7:44am
Hi guys,

I'm pretty new to forex, 've been practising PB for the past 1 weeks, just a few qns to ask.

Once a PB is formed:

1) What do you guys actually look for to determine if it's tradeable? (Things like Fib. retracement, PPZ, anything else I could take note of?)

2) Any entry strategies I could look at?

3) Exit strategies.

Appreciate if you guys can help me out with this. Thx!!!!!
  • #73,926
  • Sep 4, 2010 7:48am Sep 4, 2010 7:48am
Hi folks

apologies for the beginnerish qn

is is possible to change my TP and/or increase my position on an Aplari demo a/c ?

i tried this two days ago and it wouldnt let me.

any help would be great
  • #73,927
  • Sep 4, 2010 7:57am Sep 4, 2010 7:57am
Quoting Atc
Follow up on one of last weeks eur/usd PB...

What do you think...am I seeing this correctly...any comments welcome
In my opinion/observation, this is a great opportunity for a low risk short entry off a weekly PPZ. If you will zoom out, you will see that this area has been used many occasions over the past 18 yrs. I am short at 1.2917 with a 30 pip SL will be looking for a trade to the 1.2700 area to start. If we break to the upside, then I'll look long off this same area
when the time is right.

K.I.S.S.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: fib12.jpg Size: 75 KB
Click to Enlarge Name: fib13.jpg Size: 81 KB
  • #73,928
  • Sep 4, 2010 8:01am Sep 4, 2010 8:01am
Quoting antgal23
Hi folks

apologies for the beginnerish qn

is is possible to change my TP and/or increase my position on an Aplari demo a/c ?

i tried this two days ago and it wouldnt let me.

any help would be great
If you are already in a trade use the "modify order" interface shown below. If you want to increase your position you will need to open an additional position.

K.I.S.S.
Attached Image (click to enlarge)
Click to Enlarge Name: alpari.png Size: 30 KB
  • #73,929
  • Sep 4, 2010 8:17am Sep 4, 2010 8:17am
Quoting KissFan
If you are already in a trade use the "modify order" interface shown below. If you want to increase your position you will need to open an additional position.

K.I.S.S.

thanks K.I.S.S

I did this and it got confusing. When I open a new position am I opening a new trade or simply adding to the original trade with the original SL etc ?
  • #73,930
  • Sep 4, 2010 8:23am Sep 4, 2010 8:23am
Quoting antgal23
thanks K.I.S.S

I did this and it got confusing. When I open a new position am I opening a new trade or simply adding to the original trade with the original SL etc ?

You are opening a new trade.

K.I.S.S.
  • #73,931
  • Sep 4, 2010 8:33am Sep 4, 2010 8:33am
Quoting aserbfx
cat made a buob, too.
retraced at the 50% fib and trendline + divergence.
fta 70 usd.
done.
Attached Image (click to enlarge)
Click to Enlarge Name: cat3.gif Size: 22 KB
meine augen sind die sterne
  • #73,932
  • Sep 4, 2010 8:35am Sep 4, 2010 8:35am
Quoting aserbfx
done.
Fantastic!! You made that trade Aser???
  • #73,933
  • Sep 4, 2010 8:41am Sep 4, 2010 8:41am
Quoting Adilius07
I got a phone call from my father today. Nice conversation. But then he asked:
- Are you still doing that casino thing you do?
- Yes, dad.
- When are you going to finally become a responsible adult, you are old already!

Eh. Sucks. Good thing I'm not married, cause she would be probably the same.
A similar situtation in here. Last time my dad asked me if i did make some money yet. I said to him that not yet, that it takes some time to become profitable. And what he says next? Well i think its time to get a summer job. LOL
  • #73,934
  • Sep 4, 2010 8:43am Sep 4, 2010 8:43am
Quoting Adilius07
Fantastic!! You made that trade Aser???
yes, but only a small position. mainly,i moved from stocks to forex because of the gaps on stocks (see chart). but price action works in every market, so some stock-trades per week are ok...
meine augen sind die sterne
  • #73,935
  • Sep 4, 2010 8:48am Sep 4, 2010 8:48am
Quoting ppfx
A similar situtation in here. Last time my dad asked me if i did make some money yet. I said to him that not yet, that it takes some time to become profitable. And what he says next? Well i think its time to get a summer job. LOL
Basically, over here all my relatives, friends everyone view this as some scary addiction I have. And you know that even motivates me not to quit! lol. I just imagine their faces when I will finally have something that will prove all this was NOT a casino
  • #73,936
  • Sep 4, 2010 8:51am Sep 4, 2010 8:51am
Quoting aserbfx
yes, but only a small position. mainly,i moved from stocks to forex because of the gaps on stocks (see chart). but price action works in every market, so some stock-trades per week are ok...
Awesome trade! Yes, because of gaps I have decided to trade only weekly for stocks. That is also easier, I can slowly go through SP500 on weekend to choose just one. So my idea was to have 30 fx pairs or so (daily) and 500 stocks (weekly) + Major Indices (weekly) and Sector ETF's (weekly).
I think this is more than enough for me to stick to daily/weekly and still have plenty of possible setups
  • #73,937
  • Sep 4, 2010 9:25am Sep 4, 2010 9:25am
Quoting Autumm
Hi G,

Mind explaining what pattern is this ( i believe its a inside bar?) and what made it a good one?

Thanks!
hey A,

It was an IB yes, but what made it special was that it was straddled at a BRN (1.300) and was indeed an I8B meaning that it was the a bar that was smaller in range than the previous 7 consecutive bars and such a characteristic makes an IB far more valid than when it's just an IB (i.e a bar that get's engulfed by the range of the bar before it)

g.
I believe . . .
  • #73,938
  • Sep 4, 2010 9:31am Sep 4, 2010 9:31am
Quoting Adilius07
I got a phone call from my father today. Nice conversation. But then he asked:
- Are you still doing that casino thing you do?
- Yes, dad.
- When are you going to finally become a responsible adult, you are old already!

Eh. Sucks. Good thing I'm not married, cause she would be probably the same.
Tell me about it man! I need to get him (my dad) convinced so he can hand me some $$$ so I can put this all to work but he fails to believe I am doing something that's worthwhile. Guess it's gonna be me with my own money some time later in life.

PS he's actually worried I am spending way too much time dawdling around a useless exercise.

g.
I believe . . .
  • #73,939
  • Edited 10:10am Sep 4, 2010 9:35am | Edited 10:10am
Quoting Adilius07
Basically, over here all my relatives, friends everyone view this as some scary addiction I have. And you know that even motivates me not to quit! lol. I just imagine their faces when I will finally have something that will prove all this was NOT a casino
Same thing here.. But here the character is not Father but my wife. Since I am in a differrent country for living, my father don't know what I am doing..

Otherwise, he would have been asking the same question.
  • #73,940
  • Sep 4, 2010 9:38am Sep 4, 2010 9:38am
Quoting Adilius07
Awesome trade! Yes, because of gaps I have decided to trade only weekly for stocks. That is also easier, I can slowly go through SP500 on weekend to choose just one. So my idea was to have 30 fx pairs or so (daily) and 500 stocks (weekly) + Major Indices (weekly) and Sector ETF's (weekly).
I think this is more than enough for me to stick to daily/weekly and still have plenty of possible setups
Can we trade "Major Indices (weekly)" being a american resident/citizen ?

What is the Sector ETFs ?
47 traders viewing now