james16 Chart Thread | Page 3901 | 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

  • #78,001
  • Oct 20, 2010 5:53pm Oct 20, 2010 5:53pm
Quoting squeezy
no problem John,
its touch trade with a little bit of twist but its best I digress as this thread is strictly J16PA .... what you have to do is master finding support/resistance levels well and sit back and watch how price reacts to those levels(can u draw s/r levels & watch the rxn without trading for a wk plus, im sure b4 the wk runs out ,ull see a lovely PA bar on atleast 1)
price moves up, down and sideways ....... after staring at price for a while ull have ideas of what itll do around ppzs.
just keep staring at ur charts until...

Nice squeezy . . . lets see . .Rac-man . . Squeez-man . . I like it . . lol
Indicators show the past. Price Action "Indicates" the future.
  • #78,002
  • Oct 20, 2010 5:59pm Oct 20, 2010 5:59pm
Quoting jarroo

Since Price broke down and closed below the .7500 on that Daily, I was looking to see if the .7500 would act as Resistance where we like to see bearish PA.
So as it is now that that .75000 has been broken one would be looking to see if it will act as support where one would probably see bullish PA right?

Meanwhile I actually went to that link you referred and seeing that chart lit a bulb in my head! I quickly scanned through some of charts on the screen and I saw things differently. As it is right now I don't know if will be able to sleep this night (it's midnight in country) I'm just absorbing, making notes and more notes!!!!!!!! Thank you !!
  • #78,003
  • Oct 20, 2010 6:20pm Oct 20, 2010 6:20pm
Quoting jarroo
Yes that's correct, MG. The .7500 is a BRN (Big Round Number) and signifies a strong level. Search out mbqb11's (Mike) posts on the subject of BRNs . .you will find more information about them and their importance.

Since Price broke down and closed below the .7500 on that Daily, I was looking to see if the .7500 would act as Resistance where we like to see bearish PA.

This link with chart should help you with what I look for. . .

http://www.forexfactory.com/showpost...ostcount=76471
Thank you for the link, Jaroo.
I am reviewing it now.
Considering the daily trend, wouldn't it be dangerous to short?
o que será, será
  • #78,004
  • Oct 20, 2010 6:59pm Oct 20, 2010 6:59pm
Quoting supremeChaos
sure, no problem.

the key for people like u is to acclimatize.
i have the opposite problem: i have a low coldness threshold.

also, u can live in places here with cool climates.
why do u think Koreans & Japanese (aside from Westerners) thrive & love it here?

Well, The British do not handle heat combined with humidity well, despite the saying, "Only mad dogs and Englishmen go out in the mid day sun" LOL

I can handle 35 degrees C if it is a dry climate, but 25C and 80% humidity and I lock myself in the air conditioning.


Apparently, the climate in the first 3 months after being born is what decides our heat or cold tolerance, this is the period that number of skin pores gets determined.

More pores, the great we can dissipate body heat and can handle the heat, less pores & we are strong against the cold. Or so I read.

I was born near the end of October in the uk, Nov, Dec & Jan are viciously cold months, so fewer skin pores, I can handle the cold but not the heat.
  • #78,005
  • Oct 20, 2010 7:29pm Oct 20, 2010 7:29pm
Quoting xmzhang
some time ago a dutch bank organized a stocktrading competition on a demo-account, quess who won that competition, yes wright a HOUSEWIFE, not some professional trader but a housewife.
I presume professional traders would be at work, like everyone else.

Except... housewives.
When you have to shoot, shoot. Dont talk.
  • #78,006
  • Oct 20, 2010 7:30pm Oct 20, 2010 7:30pm
Quoting jarroo
WOW . .great post, Pb . . . . .everyone should practise making a chart like this . .with the confluences.

Check out your first posts in May and April and compare them to this one, Pb. . . you're progressnig faster than you think. . great job.


Jim


I still have yet to understand that, I still feel I am going backwards for some reason. Thanks for the kind encouragement though, these things help greatly in the struggle.

What I am practicing now, is only;y drawing the PPZ on the daily by spotting the weekly ones, and the sub levels. I am checking them on the weekly afterward and I seem to be able to get them.

It is interesting and seems to be how James is doing it.
  • #78,007
  • Oct 20, 2010 7:54pm Oct 20, 2010 7:54pm
double triple bottom with div on daily waiting to trigger buy limit on retrace on 4H chart support ...will look for fta for profit and move stop to BE...if failure will cut losses by moving stop up based on PA
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 108 KB
Click to Enlarge Name: 3.jpg Size: 101 KB
Click to Enlarge Name: 1.jpg Size: 100 KB
  • #78,008
  • Oct 20, 2010 8:11pm Oct 20, 2010 8:11pm
Nice are of confluence with the 61.8, 50 fibo the BRN & weekly PPZ.

Looking at H4, I would like to see a nice PB with a long tail off of the 61.8 & the TL and closing below the BRN & the 150 EMA.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 123 KB
Click to Enlarge Name: Capture.PNG Size: 50 KB
  • #78,009
  • Oct 20, 2010 8:22pm Oct 20, 2010 8:22pm
Once again thx to j16 and the seniors
First target hit and at BE
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 102 KB
  • #78,010
  • Oct 20, 2010 8:39pm Oct 20, 2010 8:39pm
Hi mike.
Today i saw what seems to me like 2 day Pin Bar on daily AUDUSD. Price bounced off 76.4 ret and PPZ trend is up. But when i dropped down to H4, price seems to retest the trendline after the break down. I do not know whether i should buy this PB signal (there is also PB on the H4). Or should i look at it as breakout?
Please advise. Thank you
I read your posts and try to study and emulate what you do. You Rock man !!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud1.gif Size: 20 KB
Click to Enlarge Name: auh4.gif Size: 25 KB
  • #78,011
  • Oct 20, 2010 8:46pm Oct 20, 2010 8:46pm
EJ is also looking very interesting.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 105 KB
Click to Enlarge Name: d.jpg Size: 112 KB
Click to Enlarge Name: h4.jpg Size: 113 KB
  • #78,012
  • Oct 20, 2010 8:49pm Oct 20, 2010 8:49pm
Greetings,

Everyone, I have a query. When we spotted a trend on a big time frame (D1, W1 or M1) and managed to join on the retrace with a PA set up, when do we exit?

Should we exit after a given amount of pips that we are satisfied with?
Should we use Fib expansion for target?
Or would using MT4's trailing stop be better?

Wish you all green pips.

Regards,
MG
o que será, será
  • #78,013
  • Oct 20, 2010 8:54pm Oct 20, 2010 8:54pm
Quoting dk2007
Hi mike.
Today i saw what seems to me like 2 day Pin Bar on daily AUDUSD. Price bounced off 76.4 ret and PPZ trend is up. But when i dropped down to H4, price seems to retest the trendline after the break down. I do not know whether i should buy this PB signal (there is also PB on the H4). Or should i look at it as breakout?
Please advise. Thank you
I read your posts and try to study and emulate what you do. You Rock man !!
Hey Dk

The good news is we can make a good decision based on just that daily. This 2 day pin would be at a direct swing high where we want to see them at swing lows that create space. We can use that information to know in this case we would be trading right into the last high and essentially right into trouble. It is best to wait for a better reason to trade a bar up at this area if you are going to take a continuation pattern. If you choose to still play this watch the .9950 and more importantly the parity level. Price looks like it does want to go above it, but I will personally watch the 1.0000 level for more information

Best
Mike
  • #78,014
  • Oct 20, 2010 8:55pm Oct 20, 2010 8:55pm
upon further review
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 97 KB
  • #78,015
  • Edited 9:29pm Oct 20, 2010 9:11pm | Edited 9:29pm
Quoting jarroo

This link with chart should help you with what I look for. . .

http://www.forexfactory.com/showpost...ostcount=76471
Based on the chart in the linked post, 1.3000 on AUDNZD looks like a nice area to watch for a reaction.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: con4a.gif Size: 45 KB
Click to Enlarge Name: con4.gif Size: 43 KB
  • #78,016
  • Oct 20, 2010 9:26pm Oct 20, 2010 9:26pm
I think EJ may be giving us hints.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 82 KB
  • #78,017
  • Oct 20, 2010 9:51pm Oct 20, 2010 9:51pm
Quoting Pinbar
I think EJ may be giving us hints.
I agree. A strong close below 113 on the 4H would be nice. Either way, it looks like 113 is a PPZ to watch. I especially like the 150 ema in confluence almost to the pip with 113.
Attached Image (click to enlarge)
Click to Enlarge Name: wipg24.gif Size: 43 KB
  • #78,018
  • Oct 20, 2010 10:02pm Oct 20, 2010 10:02pm
Quoting jeffokes
So as it is now that that .7500 has been broken one would be looking to see if it will act as support where one would probably see bullish PA right?

Meanwhile I actually went to that link you referred and seeing that chart lit a bulb in my head! I quickly scanned through some of charts on the screen and I saw things differently. As it is right now I don't know if will be able to sleep this night (it's midnight in country) I'm just absorbing, making notes and more notes!!!!!!!! Thank you !!
Yes I would say its a good indication that the .7500 will act as Support, again. Not only because we have had another break upward of the .7500 and the Daily closed above it, but we have a recent history of the .7500 acting as Support. (blue)


I know the feeling, jeff . . . . lol . .


Wow did you see that . .price just jumped down to the .7500 and jumped back up . . .cool.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdddddddaa.jpg Size: 87 KB
Indicators show the past. Price Action "Indicates" the future.
  • #78,019
  • Oct 20, 2010 10:02pm Oct 20, 2010 10:02pm
Quoting Pinbar
I think EJ may be giving us hints.
This is one of the reasons I find BEOB/BUOB trades dicey. They can be great trades, but they are often directionless bars that dont tell us enough. I want a bar with a wide range that represents the transfer of power from one side to the other.

Unless they have some kind of kickass closing momentum they often just lead to people getting trapped buying at the high or selling at the low of a trading range.

Attached Image


Attached Image
When you have to shoot, shoot. Dont talk.
  • #78,020
  • Oct 20, 2010 10:07pm Oct 20, 2010 10:07pm
Quoting Donkey
I agree. A strong close below 113 on the 4H would be nice. Either way, it looks like 113 is a PPZ to watch. I especially like the 150 ema in confluence almost to the pip with 113.


112.78 looks like the FTA, pretty close.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.jpg Size: 65 KB
191 traders viewing now