james16 Chart Thread | Page 3919 | 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

  • #78,361
  • Oct 25, 2010 5:22am Oct 25, 2010 5:22am
Quoting Jey
In life, even walking down the street can be dangerous. You'll never know when some drunk idiot will come driving and squashing you to a pulp. Does it mean you never ever go out for a walk?
But it doest't mean u should do Jaywalking straight away or ever. lol
.
  • #78,362
  • Oct 25, 2010 5:27am Oct 25, 2010 5:27am
Quoting Jey
Wow, didn't know you kept record on the posts that I make in a month. As flattered as that makes me feel, you should be able to tell when I make serious posts and when I'm joking.

Well, your point is well noted though.

Not keeping records I just looked around.

I think it is best to go with the flow with the market and not even think about trying to do battle with it.

Also, the IPB has a lot of other crucial factors to it, so it is best to get the other stuff down first. I am sure the inventor Ghous, will agree.
  • #78,363
  • Oct 25, 2010 5:28am Oct 25, 2010 5:28am
Quoting nasir.khan
But it doest't mean u should do Jaywalking straight away or ever. lol
.
hahah. good point.

in short, follow rules.
i often do, at least.
  • #78,364
  • Oct 25, 2010 5:29am Oct 25, 2010 5:29am
Quoting supremeChaos
so to limit risk in this case, i try to crawl first before i attempt to hop/run... that is, trade PBs first before IPBs. same reason why ghous has a cautionary signature about IPBs.
Exactly. Why take more difficult, harder to understand and harder to execute setups when there is a ton of low hanging fruit out there.

If Mike and JimJarroo can limit themselves to good bars in good locations, the rest of us trying to use MIT triggered option spreads to to touch trade a fib retracement on a trendline intersection with a PPZ because we see confluence with the Nikkei...well, we look kinda like a 14yo kid at McDonalds trying to cook like Keller.

(just quietly, thats how professionals think too - risk, then reward. Find something that works, hammer it into the ground.)

Quoting supremeChaos
i think u got the analogy similar only to a certain degree.
Damn...I must have used up all my analogy power for the quarter

(also, happy belated birthday PB - I think I speak for everyone when I say that you are an awesome addition to the crew of regs here!)
When you have to shoot, shoot. Dont talk.
  • #78,365
  • Oct 25, 2010 5:33am Oct 25, 2010 5:33am
Quoting Pinbar
Not keeping records I just looked around.

I think it is best to go with the flow with the market and not even think about trying to do battle with it.

Also, the IPB has a lot of other crucial factors to it, so it is best to get the other stuff down first. I am sure the inventor Ghous, will agree.
Please read the Signature.

Everything is there.

(no pin bar I didn't copy your post. Look closely, Mine's in bold )
Attached Image
I believe . . .
  • #78,366
  • Oct 25, 2010 5:36am Oct 25, 2010 5:36am
Quoting joelcf
Exactly. Why take more difficult, harder to understand and harder to execute setups when there is a ton of low hanging fruit out there.

If Mike and JimJarroo can limit themselves to good bars in good locations, the rest of us trying to use MIT triggered option spreads to to touch trade a fib retracement on a trendline intersection with a PPZ because we see confluence with the Nikkei...well, we look kinda like a 14yo kid at McDonalds trying to cook like Keller.

(just quietly, thats how professionals think too - risk, then reward. Find something...
Jeez...that's some post

AwesoFloggLuteAmaBrillantly put.

g.
I believe . . .
  • #78,367
  • Edited 6:46am Oct 25, 2010 5:52am | Edited 6:46am
Quoting ghous
Please read the Signature.

Everything is there.

(no pin bar I didn't copy your post. Look closely, Mine's in bold )

I think it needs to be larger and in RED to instill fear!

Or like this...

Reminds me of the movie Reefer Madness.
Attached Images
  • #78,368
  • Oct 25, 2010 5:52am Oct 25, 2010 5:52am
Quoting joelcf

If Mike and JimJarroo can limit themselves to good bars in good locations, the rest of us trying to use MIT triggered option spreads to to touch trade a fib retracement on a trendline intersection with a PPZ because we see confluence with the Nikkei...well, we look kinda like a 14yo kid at McDonalds trying to cook like Keller.
I do that sometimes.

lol......j/k

P.s happy birthday PB.
.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 117 KB
  • #78,369
  • Oct 25, 2010 6:49am Oct 25, 2010 6:49am
Thanks for the birthday wishes Nasir.
  • #78,370
  • Oct 25, 2010 6:57am Oct 25, 2010 6:57am
Hey guys saw this nice blog on babypips.com about the results of the U.S. retail forex brokers account profitability survey. These brokers were asked to reveal their profitability figures as well as the total amount of non-discretionary accounts. Some of the bigger forex retail brokers (Oanda, IBFX etc..) had to divulge the number of non-discretionary accounts that were profitable. Go and have a look and draw your own conclusions.
Pipcrawler
  • #78,371
  • Oct 25, 2010 7:14am Oct 25, 2010 7:14am
Would this be worth a (CT) long shot aiming for the RNB @ 8100 ?
Attached Image (click to enlarge)
Click to Enlarge Name: FF.jpg Size: 172 KB
Pipcrawler
  • #78,372
  • Oct 25, 2010 7:20am Oct 25, 2010 7:20am
G-J, RNB @ 12700 got breached and is now acting as resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: FF.jpg Size: 185 KB
Pipcrawler
  • #78,373
  • Oct 25, 2010 7:25am Oct 25, 2010 7:25am
Quoting xmzhang
Hey guys saw this nice blog on babypips.com about the results of the U.S. retail forex brokers account profitability survey..
threads here:
http://www.forexfactory.com/showthread.php?t=261335
http://www.forexfactory.com/showthread.php?t=259648
  • #78,374
  • Oct 25, 2010 7:29am Oct 25, 2010 7:29am
Quoting supremeChaos
threads here:
http://www.forexfactory.com/showthread.php?t=261335
http://www.forexfactory.com/showthread.php?t=259648
Thanx SC, very interesting
Pipcrawler
  • #78,375
  • Oct 25, 2010 7:29am Oct 25, 2010 7:29am
Took these two breakout trades this morning.
Attached Images
Pip Goes The Weasel
  • #78,376
  • Oct 25, 2010 7:52am Oct 25, 2010 7:52am
Hello everyone, has the market been kind of difficult for PA trading lately or is it just me I mean like EURUSD and other liquid markets hasnīt given clear pitbull daily PA for a long time.. Simple S/R setups appear very frequently and thereīs where to choose from.
Anyways got to remember that when 3-5 trades per month is enough, itīs not that bad thing
  • #78,377
  • Oct 25, 2010 7:56am Oct 25, 2010 7:56am
Quoting xmzhang
Would this be worth a (CT) long shot aiming for the RNB @ 8100 ?
The bar looks good but no divergence so would that not clasify it as a grade B trade?

Im new to this long term stuff so take what I have with a grain of salt.
  • #78,378
  • Oct 25, 2010 8:35am Oct 25, 2010 8:35am
Quoting ^eagle^
The bar looks good but no divergence so would that not clasify it as a grade B trade?

Im new to this long term stuff so take what I have with a grain of salt.

I personally wont touch U/J rite now , ill wait for a bullish PA on the 80.00 VBRN
Trade Smart
  • #78,379
  • Oct 25, 2010 8:46am Oct 25, 2010 8:46am
Quoting ^eagle^
The bar looks good but no divergence so would that not clasify it as a grade B trade?

Im new to this long term stuff so take what I have with a grain of salt.
Appreciate your comment. But in order to use divergence you'll need two valid swing lows in this case, in order to draw the divergence line on price. The 4H-PB I mentioned isn't a valid swing low yet, for it to be a valid swing low you'll need to wait for the close of the next 4H-bar after the PB, if this next bar has a higher low compared to the low of the PB then and only then the PB is a valid swing low and then you might considering to look for divergence. Also look at the MACD, which hasn't made a local low yet at the location of the PB. Divergence shouldn't be a trade breaker, it just one of the added reasons (confluence) to take a trade. Hope this clears up.

May the force be with you.
Pipcrawler
  • #78,380
  • Oct 25, 2010 8:50am Oct 25, 2010 8:50am
Quoting xmzhang
G-J, RNB @ 12700 got breached and is now acting as resistance.
Price has hit FTA @ 12650 intraday low, closed 1/2 position for a 40 pip profit let the other 1/2 go all the way to ?
Pipcrawler
86 traders viewing now