james16 Chart Thread | Page 3881 | 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

  • #77,601
  • Oct 17, 2010 4:30am Oct 17, 2010 4:30am
Quoting Pinbar
I think the randomness is starting to fade a little.

Pick a pair and work on the story folks, it is great self help.

EDIT: And to think on the Monthly it is just this little range.
Hi Pinbar

What dealer/charting package are you using there? I love the charts
Pip Goes The Weasel
  • #77,602
  • Oct 17, 2010 4:59am Oct 17, 2010 4:59am
Quoting Adilius07
Hello Aserbfx, this is very interesting. Is this a VSA analysis? Would you recommend any good book or website about volume? Thanks.
yes.
book:http://www.scribd.com/doc/20343678/M...s-TOM-WILLIAMS
or here http://vsa.pipbuilders.com/mtmv3.pdf
and the threads here on ff, eg.
http://www.forexfactory.com/showthread.php?t=241760
see also the pdf's in the above thread.
meine augen sind die sterne
  • #77,603
  • Oct 17, 2010 5:28am Oct 17, 2010 5:28am
Quoting aserbfx
yes.
book:http://www.scribd.com/doc/20343678/M...s-TOM-WILLIAMS
or here http://vsa.pipbuilders.com/mtmv3.pdf
and the threads here on ff, eg.
http://www.forexfactory.com/showthread.php?t=241760
see also the pdf's in the above thread.
Oh cool, thank you very much! I hear a lot about VSA, have never looked at it carefully though. I will. thank you!
  • #77,604
  • Oct 17, 2010 5:33am Oct 17, 2010 5:33am
Quoting adrazz
Hi Pinbar

What dealer/charting package are you using there? I love the charts


Hi, Adrazz.

It is just the regular MT4 platform on IBFX.
  • #77,605
  • Oct 17, 2010 6:12am Oct 17, 2010 6:12am
Quoting Pinbar
Hi, Adrazz.

It is just the regular MT4 platform on IBFX.
Cheers Pinbar!

It didn't look like MT4 charts
Pip Goes The Weasel
  • #77,606
  • Oct 17, 2010 8:02am Oct 17, 2010 8:02am
Some nice long term charts to think about
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FF.jpg Size: 171 KB
Click to Enlarge Name: FF1.jpg Size: 179 KB
Pipcrawler
  • #77,607
  • Oct 17, 2010 8:06am Oct 17, 2010 8:06am
And some more to watch out for
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FF2.jpg Size: 166 KB
Click to Enlarge Name: FF3.jpg Size: 191 KB
Click to Enlarge Name: FF4.jpg Size: 172 KB
Pipcrawler
  • #77,608
  • Oct 17, 2010 9:40am Oct 17, 2010 9:40am
Quoting Pinbar
Yeah, I am wary of that Friday PB.

Possibly it may retrace to the 1.59304 area before it pushes through the 1.6000 area and tests the 1.62000 monthly PPZ.


EDIT: Also we still have this massive Cup & handle in play on H4.
Hi Pin

I think it depends more on eur/usd & aud/usd situation.
E/U is just under 1.4000 area hanging on the daily trendline with A/U strongly rejected at 1.00 level. I dont think euro deserved such praise from speculators compared to current eurozone vs us situation and all the QE program could be
already priced in the market besides all the talk about dollar weakness is getting really mainstream.
  • #77,609
  • Oct 17, 2010 10:16am Oct 17, 2010 10:16am
Quoting Greenhaze
Hi Pin

I think it depends more on eur/usd & aud/usd situation.
E/U is just under 1.4000 area hanging on the daily trendline with A/U strongly rejected at 1.00 level. I dont think euro deserved such praise from speculators compared to current eurozone vs us situation and all the QE program could be
already priced in the market besides all the talk about dollar weakness is getting really mainstream.
Do you mean the BEOB on the Daily EUR USD an AUD USD Chart?
  • #77,610
  • Oct 17, 2010 10:48am Oct 17, 2010 10:48am
Quoting john225
Do you mean the BEOB on the Daily EUR USD an AUD USD Chart?
Exactly
  • #77,611
  • Oct 17, 2010 12:17pm Oct 17, 2010 12:17pm
I've chosen this for my next trade... any critisism will be highly appreciated

http://cdn.forexfactory.com/attachme...6&d=1287312386
  • #77,612
  • Oct 17, 2010 12:25pm Oct 17, 2010 12:25pm
Quoting Adilius07
I've chosen this for my next trade... any critisism will be highly appreciated
What exactly do you see with this one adi? Is this a stand out trade?

Remember irregardless of how this one plays out, based on our previous discussions do you remember your responses with that?


Best
Mike
  • #77,613
  • Oct 17, 2010 12:32pm Oct 17, 2010 12:32pm
Hi guys,

I've been learning how to trade with tighter money management. I recently saw a pin on the USDCAD Daily which may not be the most ideal but could potentially be good for a short profit to the 1.0100 level as shown in the charts. I then went down to a lower TF to find an entry point within the daily pin which was around 1.0010 in this case. Found a pinbar on the 5min charts and thought the break of that 5m pin would be a good entry point with SL at the low of the daily pin.

Can any seniors comment on whether this trade has been properly managed?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad pin1.gif Size: 25 KB
Click to Enlarge Name: usdcad pin2.gif Size: 22 KB
  • #77,614
  • Oct 17, 2010 12:33pm Oct 17, 2010 12:33pm
Quoting mbqb11
What exactly do you see with this one adi? Is this a stand out trade?

Remember irregardless of how this one plays out, based on our previous discussions do you remember your responses with that?


Best
Mike
Hello Mike!

Yes, I went through 821 instruments over weekend. As a result I ended up with 9 possible setups. All really stood out for me. I've chosen this for the following reasons:

-BEOB,
-with trend, at the TL
-45 BRN which was support now is a potential resistance

Most important factor was a trend. The size is not big, but it is with trend, so I thought it was ok. Also some room to move to about 43 where I have my FTA..

This was my thinking on this one...
  • #77,615
  • Oct 17, 2010 12:51pm Oct 17, 2010 12:51pm
Quoting Adilius07
Hello Mike!

Yes, I went through 821 instruments over weekend. As a result I ended up with 9 possible setups. All really stood out for me. I've chosen this for the following reasons:

-BEOB,
-with trend, at the TL
-45 BRN which was support now is a potential resistance

Most important factor was a trend. The size is not big, but it is with trend, so I thought it was ok. Also some room to move to about 43 where I have my FTA..

This was my thinking on this one...
In my view I see price if anything more trending up in the recent, or more towards sideways then down. Remember in general we want BEOBs at swing highs, this is at a swing low. Very very tiny bar. If you babysit it, then I can see it maybe moving slightly lower, but certainly if you are struggling then this should be a very easy pass in my eyes.

Again not trying to discourage you of course. Just want to see you focusing on the best of the best

Mike
  • #77,616
  • Oct 17, 2010 12:54pm Oct 17, 2010 12:54pm
Quoting melvin87
Hi guys,

I've been learning how to trade with tighter money management. I recently saw a pin on the USDCAD Daily which may not be the most ideal but could potentially be good for a short profit to the 1.0100 level as shown in the charts. I then went down to a lower TF to find an entry point within the daily pin which was around 1.0010 in this case. Found a pinbar on the 5min charts and thought the break of that 5m pin would be a good entry point with SL at the low of the daily pin.

Can any seniors comment on whether this trade has been properly...
Hey Melvin

You picked a great level to watch for lower timeframe PA at the left eye. But I can't say I don't get very nervous when I see people trying to go down to 5min from a daily PA so-so bar. That makes me get nervous though. Again the best location you can look for so you played it perfectly. But I still have to rely my concerns when I see this. Of course if you demo this then my concern goes way down b/c at least you can see if it works for you.

have a great end of the weekend
Mike
  • #77,617
  • Oct 17, 2010 1:06pm Oct 17, 2010 1:06pm
Quoting mbqb11
In my view I see price if anything more trending up in the recent, or more towards sideways then down. Remember in general we want BEOBs at swing highs, this is at a swing low. Very very tiny bar. If you babysit it, then I can see it maybe moving slightly lower, but certainly if you are struggling then this should be a very easy pass in my eyes.

Again not trying to discourage you of course. Just want to see you focusing on the best of the best

Mike
Thank you, Mike for your support. Of course I dream about the day I see the best of the best. I manually went through so many stocks to see only 9 setups! wow, really thought should be much more...

I know I should be picky, but I want to have at least one trade a week. So I just go to choose one among those that I got.... this is like I choose the best of what I got (not best of the best)... So maybe I need to add even more instruments or I will have to skip some whole weeks - the idea of which really makes me nervous....

Having just one trade a week is 50 trades a year - really nothing... if I skip weeks and end up having for example 20 trades for a whole year, I would not be even sure my system works - I remember my intraday trading when 20-30 winning trades were just pure luck and I lost everything a little after that....
  • #77,618
  • Oct 17, 2010 1:13pm Oct 17, 2010 1:13pm
everyone still alive?

I have been chillin like a G lately... not really taking any real positions, because there has been no A+ opportunities... just runaway trends. ran a few experimental touch trades on the dips with the trends on AUDUSD, and EURUSD.... some success, some fail.

Watching these PPZs work on strong trending markets is a good time

the yen crosses have been absolutely horrid as of late....
Many choose unhappiness over uncertainty.
  • #77,619
  • Oct 17, 2010 1:16pm Oct 17, 2010 1:16pm
Quoting mbqb11
Hey Melvin

You picked a great level to watch for lower timeframe PA at the left eye. But I can't say I don't get very nervous when I see people trying to go down to 5min from a daily PA so-so bar. That makes me get nervous though. Again the best location you can look for so you played it perfectly. But I still have to rely my concerns when I see this. Of course if you demo this then my concern goes way down b/c at least you can see if it works for you.

have a great end of the weekend
Mike
Hey Mike, thanks for the very quick reply! I didn't execute this trade. Was just doing some backtesting. Sorry if I didnt mention it hahah. Not going live till i'm absolutely confident with trade management like this.
  • #77,620
  • Oct 17, 2010 1:27pm Oct 17, 2010 1:27pm
Quoting Adilius07
Having just one trade a week is 50 trades a year - really nothing... if I skip weeks and end up having for example 20 trades for a whole year, I would not be even sure my system works - I remember my intraday trading when 20-30 winning trades were just pure luck and I lost everything a little after that....
The transition from taking multiple trades every day to 1 or 2 (or maybe no) trades a month I believe could be very hard (never been there so I can't speak from my own experience.

I'd say that quality is more important as quantity here Would you rather have 20 trades a year and 40% ROI for example or 384 trades a year and 20% ROI? As far as I see this is like digging through the pile of sh*t and looking for the pearls and only pearls in it. I believe Mike was the one who said once that he'd been doing a very high return for the last couple of years (I think 100 percents were in play but I'm not sure about the number).

That's why it might be very difficult challenge to trade for a living in my opinion. You'd be under a big pressure to make a living every month and to remain patient to take the best trades only. At this point I see trading as a great supplement
40 traders viewing now, 1 is registered:
Zojahamad