james16 Chart Thread | Page 4101 | 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

  • #82,001
  • Dec 9, 2010 6:20am Dec 9, 2010 6:20am
Quoting xmzhang
Price stopped me out on my remaining position, moved my stop just below the 13300 unfortunately price took me out on its way back down. Well anyway managed to score some juice pips.

Yeah, I also got stopped out of a trade at BE+ for the last 0.01.

Feels good to get stopped out like this, does it not?
  • #82,002
  • Dec 9, 2010 6:23am Dec 9, 2010 6:23am
Quoting spookie94
did you spot it on the weekly then dropped down to the 1hr?
Yes, I tried to enter for a possible break of a weekly PB at a discount price, 1H-TF gave me my buytrigger via a nice 1H-PB @ 13200 which is also the lefteye of that weekly PB.
Pipcrawler
  • #82,003
  • Dec 9, 2010 6:31am Dec 9, 2010 6:31am
Quoting xmzhang
Yes, I tried to enter for a possible break of a weekly PB at a discount price, 1H-TF gave me my buytrigger via a nice 1H-PB @ 13200 which is also the lefteye of that weekly PB.

Yeah, I was just chatting to KAL about that area.


Looks like it is boxing up and hammering out a bottom.
Attached Image (click to enlarge)
Click to Enlarge Name: pic.gif Size: 38 KB
  • #82,004
  • Dec 9, 2010 6:40am Dec 9, 2010 6:40am
Quoting Pinbar
Yeah, I was just chatting to KAL about that area.


Looks like it is boxing up and hammering out a bottom.
Hey Pin

Good analysis on the confluence - in particular about the bar closes and none of them being below the PPZ area. This is one of the 'pieces' which I am still trying to put together! I have noticed that this is one of the pieces of the jigsaw Sir Jarroo always refers to so it is obviously one of the crucial pieces of info one must always pay attention to.

Kal
  • #82,005
  • Dec 9, 2010 6:42am Dec 9, 2010 6:42am
Quoting Kalbar
Hey Pin

Good analysis on the confluence - in particular about the bar closes and none of them being below the PPZ area. This is one of the 'pieces' which I am still trying to put together! I have noticed that this is one of the pieces of the jigsaw Sir Jarroo always refers to so it is obviously one of the crucial pieces of info one must always pay attention to.

Kal

Yes, you hit the nail right on the head Kal.

Study, Jarroo's charts till you go Blind, and then some more, as Mike says.

Also, there is a weekly PB being stalked by many on EU.
  • #82,006
  • Dec 9, 2010 6:52am Dec 9, 2010 6:52am
Quoting jarroo
I saw your post ppfx . .good plan.

Did you see my chart in my post to abserb? Sometimes the "Closes" are something to look at as well as the highs (in this case with the Eur/Jpy)

Not trying to confuse, just something for you to look at, my friend.
Yes i saw your post and i know that. You've told me that. I usually check the line chart regarding the closes.


Quoting Pinbar
Hmm, Actually I was just setting my chart up and have a rather bullish inclination to this pair.

Maybe we shall see some bullish PA around the 50 fibo and the weekly PPZ.
I know i saw gasgas's post, but a little intraday reversion is still valid. If you look at the chart my FTA was reached and it almost hit TP1 as well.
  • #82,007
  • Dec 9, 2010 6:55am Dec 9, 2010 6:55am
Stupid me I haven't been on this thread for a while, though it's by far the best one on FF. Just like Pinbar I am also looking for a long on Euro. Looking for set-ups that occur a little north of 3220 to clear a little hurdle. Am watching Greenback's response to this resistance area. Since best feedback can be found here, I'd appreciate any
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ec12-9-5min.jpg Size: 82 KB
Click to Enlarge Name: ec12-09.jpg Size: 98 KB
Click to Enlarge Name: dx12-09.jpg Size: 85 KB
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #82,008
  • Dec 9, 2010 7:24am Dec 9, 2010 7:24am
Pinbar, Can I ask your comment on something....the weekly pin drew my attention as well. But the monthly bar is leaving me a little lost for direction in these TF's? Does this challenge the weekly perspective?


Quoting Pinbar
Yes, you hit the nail right on the head Kal.

Study, Jarroo's charts till you go Blind, and then some more, as Mike says.

Also, there is a weekly PB being stalked by many on EU.
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #82,009
  • Dec 9, 2010 7:30am Dec 9, 2010 7:30am
Quoting mbqb11
and
Hello Mike, thanks for the great explanation. I've got a question: Was your SL under the BRN right away or did you wait until the first bar of your trade closed?

I know that those RN act as reliable S/R but I'm still not sure where to place my SL behind them. That's because sometimes price spikes through a fair amount of pips before closing back above/below them.
Thanks J16, Sam Seiden, Udine and Jacko
  • #82,010
  • Dec 9, 2010 7:30am Dec 9, 2010 7:30am
Hi guys

Wondering if anyone spotted this DBLHC? Good high close, off the 61 Fib and good space to the PPZ above? Any comments welcome.
Attached Image (click to enlarge)
Click to Enlarge Name: Kalj16.2.jpg Size: 105 KB
  • #82,011
  • Dec 9, 2010 7:59am Dec 9, 2010 7:59am
gb/us.4h BEOB coming off a nice PPZ and closed below 1.58. it broke quite nicely and price is now retesting 1.58.
one to keep my eye on ??

jon
PATIENCE... DISCIPLINE
  • #82,012
  • Dec 9, 2010 8:03am Dec 9, 2010 8:03am
Quoting g_j_hook@yah
gb/us.4h BEOB coming off a nice PPZ and closed below 1.58. it broke quite nicely and price is now retesting 1.58.
one to keep my eye on ??

jon
Looks like it could be a good long play to me...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd9dec10.gif Size: 11 KB
  • #82,013
  • Dec 9, 2010 8:05am Dec 9, 2010 8:05am
Quoting jarroo
Hey Imphil . . .no gurus here . . .just some folks that has been doing this for a bit longer.

Its not too bad . . the swing High could have been higher .. ideally up by the 88.00. But you were trading right into a Weekly PPZ level. . .around the 82.35, the 1st target got hit.
Hi Jim, Everytime i look at your charts, supp turn res, res turn supp -you sure make it clear as day. However, when i try to draw PPZ, i always have a hard time determining the exact level like you do. So it is hard for me to see if price bar really has closed above res / below support since often times my PPZ is at different level than yours or other seniors. Do you mind sharing how you could pinpoint those PPZ levels very accurately? Thank you
  • #82,014
  • Dec 9, 2010 8:16am Dec 9, 2010 8:16am
Quoting Adilius07
Looks like it could be a good long play to me...
interesting, it doesnt look like that on either of my feeds. i wouldnt take it long though right now as that is not a convincing pin to me, we have 4h bearish div and that long BEOB. we are also running right into that PPZ you have on your chart(which actually goes further back also)i personally wouldnt take the TL too seriously either as i like to see price actually touch the line and this is too far away for me??
if price closes above 1.58 on the next 4h bar i will be thinking again.
jus my view,
PATIENCE... DISCIPLINE
  • #82,015
  • Dec 9, 2010 8:18am Dec 9, 2010 8:18am
Quoting Be Cool
Hi Jim, Everytime i look at your charts, supp turn res, res turn supp -you sure make it clear as day. However, when i try to draw PPZ, i always have a hard time determining the exact level like you do. Do you mind sharing how you could pinpoint those PPZ levels very accurately?
Hello Be Cool
answer is:
experience/chart time. there is no other shortcut --- THAT is the shortcut.

if u can, post a chart with your own PPZs. then maybe some people here can plot their own PPZs on that same chart... we wont all have the same exact PPZs &/since we all wont trade similarly.
  • #82,016
  • Dec 9, 2010 8:22am Dec 9, 2010 8:22am
Quoting jarroo
It was actually Ghous's IPBs that really made me take a closer look at the closes of bars. It was amazing to see how Price reacted, or should I say respected, the close of IPBs.

Take this IPB on the Daily Usd/Jpy in Nov. Not the prettiest . .you could even call it a very weak BUOB. But all the characteristics of an IPB are there.

Price is respecting the close very clearly. There are other example of this with other IPBs . . .maybe its just with IPBs but I did take a closer look at the Closes of bars. .:nerd:

Nice way to pick a bottom . .wouldn't...
Surprisingly the close wasn't a crucial requirement for good IPBs in my book back when I first shared the idea here. Over time I too realized how important the close was. Furthermore I see the idea applies to regular pin bars as well, ones with a strong close have so much more to Them than when they "merely just close within the prior bar"

g.
I believe . . .
  • #82,017
  • Dec 9, 2010 8:23am Dec 9, 2010 8:23am
Hi Kalbar,

I was looking at it but the 132 area just above it + sideways market, made me pass.... if you see its a very strong level on the daily, see how many times prices tried but couldn't close above/below it.

I'm really picky, maybe someone else would trade it.

Tc.

Quoting Kalbar
Hi guys

Wondering if anyone spotted this DBLHC? Good high close, off the 61 Fib and good space to the PPZ above? Any comments welcome.
Trade Smart
  • #82,018
  • Dec 9, 2010 8:28am Dec 9, 2010 8:28am
Quoting jarroo
Hey that was your entry (or just about), Danny . . .double sweet . .
Thanks J, I've tightened my stop, we'll see if the 89.65 flip holds.

-- Danny
Attached Image
  • #82,019
  • Dec 9, 2010 8:37am Dec 9, 2010 8:37am
Quoting supremeChaos
Hello Be Cool
answer is:
experience/chart time. there is no other shortcut --- THAT is the shortcut.

if u can, post a chart with your own PPZs. then maybe some people here can plot their own PPZs on that same chart... we wont all have the same exact PPZs &/since we all wont trade similarly.
Thanks SC, you're most kind

Well, the other day i was talking to Taz and PB about some PPZ that we drew slightly differently on weekly EURGBP. I had mine at 0.8460, PB had his at 0.85, and Taz had his at 0.8550

Do you mind explaining your thought process in determining the exact PPZ level? I am really stuck
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbpw.gif Size: 15 KB
Click to Enlarge Name: eurgbpd.gif Size: 17 KB
  • #82,020
  • Dec 9, 2010 8:39am Dec 9, 2010 8:39am
Quoting Kalbar
Hey Joe

One thing to watch out for here are the huge bearish bars just before the pin which indicate bearish sentiment. Also, the size of the pin by comparison is small - may not be enough to stop the previous move down. Looking at higher TFs is probably a better bet in early days. Having said all that, the pin might work!!

best,

Kal
Good point Kal. I have to keep reminding myself to watch out for the larger previous bars too. I've noticed the best setups occur as the bars start to get smaller.
Attached Image
380 traders viewing now