james16 Chart Thread | Page 3848 | 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

  • #76,941
  • Edited 12:22pm Oct 8, 2010 11:40am | Edited 12:22pm
Hey guys,

Anyone tracking both of these pairs? Broke PPZ + Pin (assuming it stays this way) in favour of trend on retrace. But both of them are trading into round numbers and all time highs/lows though.
Attached Images
  • #76,942
  • Oct 8, 2010 11:41am Oct 8, 2010 11:41am
Hehe, yes been a nice start to the month

Cool, I'm off work for a week from Tuesday so maybe see if we can hook up if you're not too busy!

See me hear? LOL
Quoting TiaForex
Steve my man! Was thinking of you this week. I bet this has been a very VERY satisfying month for your method. I'm away this weekend but let's have a chat next week. Always good to see you hear my friend.
  • #76,943
  • Oct 8, 2010 11:42am Oct 8, 2010 11:42am
Quoting mbqb11
Hey V

Sorry i am not sure what you are asking? I closed out basically at b/e b/c the break was not a hard one like I was hoping for and with NFP coming out I wasn't going to fight it.

Sorry if I missed your question
Mike
I should be clearer! i need to upload some charts soon , dont have the software to take the shots at the moment but will work on it this weekend.

The trade that you did today sounded like a bit of chasing a trade if you dont mind me saying!

I stated on my chart there is a bautifull trend channel coming from 24 August. Today price reversed from the bottom of this channel..

In my opinion and the some few years of experience from silver trading I would wait the price to jump out of this channel .

In this commodity case it most probbaly jumping out towards south . There I beleive we will have plenty of ppz to short and long .

The reason of this conclusion is that prices went too far too fast and we all know when they jump out of channel( up or down) it will mean even faster movements...

I hope this helped the previous statement.

Thanks
  • #76,944
  • Oct 8, 2010 11:44am Oct 8, 2010 11:44am
Quoting steviet
Hehe, yes been a nice start to the month

Cool, I'm off work for a week from Tuesday so maybe see if we can hook up if you're not too busy!

See me hear? LOL
That's what a week of trading the 5M will do to you. Enough thread hijacking.

Seriously though, anyone new could do much much worse than reading Steve's journal from start to finish. There's a whole journey in there and the method he's arrived at is so ridiculously simple and profitable. I always feel that simple is better in trading and the more time I spend doing this, the more I believe that. THe dumber and more obvious the better.
  • #76,945
  • Oct 8, 2010 11:57am Oct 8, 2010 11:57am
Quoting TiaForex
That's what a week of trading the 5M will do to you. Enough thread hijacking.

Seriously though, anyone new could do much much worse than reading Steve's journal from start to finish. There's a whole journey in there and the method he's arrived at is so ridiculously simple and profitable. I always feel that simple is better in trading and the more time I spend doing this, the more I believe that. THe dumber and more obvious the better.
Amen, Steve is one of my favorites
  • #76,946
  • Oct 8, 2010 12:10pm Oct 8, 2010 12:10pm
Quoting menomoo
I should be clearer! i need to upload some charts soon , dont have the software to take the shots at the moment but will work on it this weekend.

The trade that you did today sounded like a bit of chasing a trade if you dont mind me saying!

I stated on my chart there is a bautifull trend channel coming from...
Hey Men

Thanks for your analysis. While I don't deny you may be right, my trading is much more simple. BEOB at swing high. I take em all year long. If this had say divergence or was at a BRN then I would have held it. B/c it was just a large beob coming into friday I wanted to see it break hard. It didn't I cut out for b/e. Onto the next one

So I don't deny your analysis, but I have traded like this for many years, I just keep it very basic and simple

Take care
Mike

PS essentially waiting for a hard break is waiting on that channel to break, it didn't and I got out. Really the same idea, but using the BEOB as a preemptive entry. Simplicity again
  • #76,947
  • Oct 8, 2010 12:12pm Oct 8, 2010 12:12pm
Quoting roundrock
bounce off TL. in line with the uptrend. buy on retracement..
nice trade. perfect motion as expected. closed it due to weekend. low risk high return trade
Attached Image (click to enlarge)
Click to Enlarge Name: silver.gif Size: 15 KB
  • #76,948
  • Edited 1:27pm Oct 8, 2010 12:36pm | Edited 1:27pm
Friends, sorry for off topic, just can't find it nowhere...

Maybe someone knows where can I get an indicator for my MT4 that would make Fractals Indicator look like this of the Trade Station platform (small, clean, circles)
The one there is just so so ugly...

Thank you!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: fractals.png Size: 15 KB
  • #76,949
  • Oct 8, 2010 12:48pm Oct 8, 2010 12:48pm
Quoting mbqb11
Hey Men

Thanks for your analysis. While I don't deny you may be right, my trading is much more simple. BEOB at swing high. I take em all year long. If this
PS essentially waiting for a hard break is waiting on that channel to break, it didn't and I got out. Really the same idea, but using the BEOB as a preemptive entry. Simplicity again

Yes I agree with your simplicity Mike , well done sir ..


cheers
  • #76,950
  • Oct 8, 2010 1:32pm Oct 8, 2010 1:32pm
Quoting Adilius07
Friends, sorry for off topic, just can't find it nowhere...

Maybe someone knows where can I get an indicator for my MT4 that would make Fractals Indicator look like this of the Trade Station platform (small, clean, circles)
The one there is just so so ugly...

Thank you!!!!
Sdarowa adilius
I think that stratmans dashboard indicator from www.pipware.com is making this circles but it costs 49$ heard that it is very good.

john225 ;-)
  • #76,951
  • Oct 8, 2010 1:40pm Oct 8, 2010 1:40pm
Hi,

I'm new to this thread, been trading for a while on 4hr and daily, cant stand with the noise on the lower tfs.

Just found this thread and wow.. amazing..its like the trading bible.. thx to everyone that have contributed.

Canceled all my weekends plans to read this thread.

Back to trading....

Eur/cad PB
50% ret of the previous down move.
Divergence

Comments are welcomed...

Thx.
Attached Image (click to enlarge)
Click to Enlarge Name: ecaddaily2.jpg Size: 120 KB
Trade Smart
  • #76,952
  • Oct 8, 2010 2:34pm Oct 8, 2010 2:34pm
EURGBP weekly doji .. off the upper trendline... plus off 61.8% .. your comments?

question: what is pitbull bar?
  • #76,953
  • Oct 8, 2010 2:42pm Oct 8, 2010 2:42pm
GBPJPY. Daily PB. off 61.8.. off BRN 130... long next week

CADJPY Daily PB ..off 61.8 = long
  • #76,954
  • Oct 8, 2010 2:44pm Oct 8, 2010 2:44pm
CADCHF weekly PB off multimonth support. off BRN 94 => long next week.
GBPCHF awesome weekly PB => long
  • #76,955
  • Oct 8, 2010 2:46pm Oct 8, 2010 2:46pm
Quoting mistersimple
GBPJPY. Daily PB. off 61.8.. off BRN 130... long next week

Hey mistersimple,

Don't think thats an idea pin to trade. Very small in size + its right in the middle of a consolidating market (you can see it starting from May 2010 till now)
  • #76,956
  • Oct 8, 2010 2:52pm Oct 8, 2010 2:52pm
Quoting melvin87
Hey mistersimple,

Don't think thats an idea pin to trade. Very small in size + its right in the middle of a consolidating market (you can see it starting from May 2010 till now)
yes but smells like intervention soon... or not?
  • #76,957
  • Oct 8, 2010 3:04pm Oct 8, 2010 3:04pm
Quoting jarroo
KaBooom . . .sorry I couldn't resist. lol
Awesome touch. A true Rac specialty. I bet he took it.
It went exactly where it needed to go. Now up again? Or will hold the daily downtrend? Will see. (probably it will go down... you know higher timeframes rule + there is Rac special ingredient-the 61.8% )

We have a similar situation on the EU, only that the flow is kinda stronger (a lot of big bullish weekly bars on the weekly since 1.27). Imho it will go to the blue line i marked on the chart. At least for now it seems like it has a nice momentum.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF 8_10_10.png Size: 60 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 8_10_10.png Size: 40 KB
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 8_10_10 weekly.png Size: 43 KB


I was absent from this thread a little (50+ pages behind), cause the college has started in October at full throttle. I have spent almost all week attending different lectures. And now its finally weekenddddddd .

EDIT: just saw that you reached the BRN 9000!!!! Way to go.
  • #76,958
  • Edited Oct 9, 2010 5:05am Oct 8, 2010 3:05pm | Edited Oct 9, 2010 5:05am
CHFJPY is at a quite interesting location.(the charts says it all)

Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY 8_10_10 h4.png Size: 38 KB
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY 8_10_10 h4 line.png Size: 37 KB


Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY 8_10_10 weekly.png Size: 34 KB


Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY 8_10_10 weekly (2).png Size: 45 KB
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY 8_10_10 weekly line.png Size: 39 KB


EDIT: Just saw that Pinbar mentioned it earlier. Like i said i had a busy week and i was 50 pages behind.
  • #76,959
  • Edited 3:47pm Oct 8, 2010 3:32pm | Edited 3:47pm
Quoting Osman
Eur/cad PB
50% ret of the previous down move.
Divergence
Hey Osman, welcome to the thread.

My take on this bar is that it isn't really a pin bar. The nose doesn't protrude much. However, looking at the 2 day chart (see attached), it's definitely a pin bar, albeit a small one against the current move. Fibs and divergence are nice confluence points, but not enough in and of themselves to take the trade (for me). PPZ's and Round Numbers are more important.

I wouldn't trade it because it's going right into a PPZ and a round number (1.4000). A close below 1.4 would have been a different story.

Just my opinion, hope this helps.

-- Danny
Attached Image
  • #76,960
  • Oct 8, 2010 3:46pm Oct 8, 2010 3:46pm
Quoting mistersimple
question: what is pitbull bar?
Hey mister, what's up.

I can't locate it now, but Jim mentions this in some of his posts. It refers to the size of the bar relative to the surrounding bars. Size can dictate momentum and strength of a potential reversal, see attached.

Hope this helps,

-- Danny
Attached Image
152 traders viewing now