james16 Chart Thread

Quoting Adilius07

Disliked

Ok, I think I got it.

Ignored

Quoting jarroo

Disliked

What's that Adi?

Ignored

Quoting Pinbar

Disliked

I know this is serious counter trend but, I am looking at it as a study of support and resistance of even a bar at a swing high.

I am not going to take this but, I am wondering if even a bar like this having a good location as in this case, being off the monthly PPZ, the open and close being above parity, can make it to the FTA which is where I am going to be looking for bearish PA.

Ignored

Quoting jarroo

Disliked

Will the 1.0000 act as Support since Price broke through Resistance and closed above on the Weekly Usd/Chf? Bullish PA at the 1.0000 would be a good confirmation. We shall see.

Ignored

Quoting Adilius07

Disliked

How to trade

Ignored

Quoting jarroo

Disliked

Cool.

Ignored

Quoting Adilius07

Disliked

All I have to do now is not to make any stupid mistakes...

Ignored

Quoting 666Doom

Disliked

Hey Mike and Jarroo,

Did you notice anything not so good about this pinbar.
Just confirming if i am thinking right.

1. It did not retrace till left eye,so my order did not got triggered.
2. It almost was 10 hours since i place my order so i canceled it,may be no euro session.

So my question without any doubt i know this was not having much room to go,but if it would have retraced till the left eye it was good.
Good for 100 Pips.
My reasons for it being good were plenty.
Fibs and Monthly PPZ
And BRN.
What do you say was it good enough for Pinbar,again...

Ignored

Quoting jarroo

Disliked

What can I say, Pb . . . I couldn't have said it better . .great analysis on such a choppy pair.

I like your Daily senario. . .well done, sir.

Ignored

Quoting Pinbar

Disliked

Well, than you Jarroo...

Hold off on the Sir bit though.

It is all thanks to your Great teachings.

Funny when we start learning we feel, it is so easy, then it is so hard and we feel lost with our heads spinning and we hit our personal FTA.

Then a generous persons points us towards the light, and slowly we see a glimmer at the end of the tunnel.

Amazing thread and even more AMAZING PEOPLE!



EDIT: Yes, I remember well that comment about the parity area.

Ignored

Quoting jarroo

Disliked

lol . .you got that right about the learning process . .many people just give up at the "lost" stage.


Your chart makes sense to the left eye . .but then again it may just keep going down. . .that PB is not the biggest.

Ignored

Quoting jarroo

Disliked

It looks good Taz.

My only concern is, as you said, the traffic its running into. But the same old Support turning into Resistance is in play here at the 1.5620. Can this PB be enough to turn it back to Support? That's the question.

So we have to see if Price can close above the 1.5620 to show Support. We can do this by looking to the lower time frames to see if we can get a close above on the Hourly or 4 Hour.

It does look good . .but for many the traffic is too much and a pass would be taken . .even if it hits its targets.


Just some...

Ignored

Quoting Oldice

Disliked

Hey Jon,

Thanks for those thoughts! Glad to know you like my PPZs; I'm still pretty new at finding them. Thanks also for your points re divergence. I've not paid a lot of attention to it, to be honest; it's an interesting tool, but not one I know how to use or rely on yet. I agree completely that this is one to manage tightly. I'm in early demo stage; maybe in six months I'll look at this and pass!

--Dave

Ignored

Quote

Disliked

Nice chart Jon.

It may be the third touch of the trendline . .but its the 1st touch of the Resistance confluence that was previous Support. . .

Quoting Pinbar

Disliked

Yes, I agree but I think it will be interesting to watch how it reacts at that double low. Will it break through it or will it bounce and take off in the direction of that PB?

Ignored

Quoting g_j_hook@yah

Disliked

hi Dave, jus a word of warning to clear things up, someone (sorry i cant find the post to quote your name)pointed out i had mistaken the hidden bullish divergence i marked..it is infact hidden BEARISH divergence!! derr! sorry for the confusion.


cheers Jarroo, good to see you still around and workin hard!

jon

Ignored

Quoting jarroo

Disliked

Thanks jon . .good to see back for awhile.


James16 and Raczekfx talk about the first time back on many different types of setups.

I'm searching out Rac's post that mentioned that. I remember Rac and ghous talking about it way back when . .something like . .1st time back; good . .2nd time; OK . .3rd time, so-so. . .4th time, no way. . . something like that.

Ignored

Quoting g_j_hook@yah

Disliked

heres a couple im demoing atm..

gb/yen, nice sized pin bar at the 130.00 PPZ and the 50% fib confluence. took the retracement of the pin bar near the RN 130.00 (had my eye on that price) running into traffic so will be watching carefully.

gb/chf daily pin bar, not bad shape but decent location. taken the standard way with my stop below the pin and my entry 10 pips plus spread above the pins high. as Jarroo has pointed out, its also running into traffic so one to manage tightly also.
lets see what happens?

Ignored

Quoting g_j_hook@yah

Disliked

thanx,
yeah, i remember a post from James16 about the retest of the 365 MA after price has crossed it. will also search some out, i like that sort of setup.

Ignored