james16 Chart Thread | Page 4217 | 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

  • #84,321
  • Jan 2, 2011 3:05pm Jan 2, 2011 3:05pm
Quoting Adilius07
Hey KissFan,

I see the channel. But why Price should break down in the end, not up?
I would prefer up
It might very well break to the upside. 1.3734 is a historically attractive PPZ and price could break out of the channel to get there. I was surprised by the enthusiasm by buyers last week so certainly anything is possible. My bigger picture view is bearish on this pair so I am looking for a top and will have to be patient. I cant help but think that the monthly BEOB printed in November is going to prove valid and then we will set a course for the August 2010 lows once again.

K.I.S.S.
  • #84,322
  • Jan 2, 2011 3:11pm Jan 2, 2011 3:11pm
Quoting stewrigh
Does anyone know what happened to this woman - it would be nice to know that she turned up safe and well.
the post from james was made on Dec 17 and hes from TX. Based on that info I believe he was talking about this

Shes now safe and the guys who did this are caught. see here
Trading is a test match not a Twenty20.
  • #84,323
  • Jan 2, 2011 3:18pm Jan 2, 2011 3:18pm
Happy new year guys!

This will be my first post in forex factory. I have been reading and learning from this thread since september last year. All I can say is that you guys are awesome!! It is hard to believe that you guys actually shared all your invaluable findings and experiences with everyone on the internet, for free!! GREAT JOB guys!! THANK YOU!

I hope I can join you so that I can improve my trading skills. I have been paper trading for some time and decided to go live recently, with a small capital.

I have noticed the daily pin bar nose up on the EURCHF. I am thinking of going short on this pair. However, what is stopping me is the pin bar. It has got no confluence (correct me if i am wrong because I thought that PPZs were to be determined by historical price and the price of this pair has never gotten this low).

What is in the favor is the trend on weekly and monthly charts which both show bearish outlook.



PS: I did not manage to read the whole thread though so please bear with me if i am asking something stupid or obvious. Thanks!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurchf d1 010311.gif Size: 26 KB
Click to Enlarge Name: eurchf wn 010311.gif Size: 26 KB
  • #84,324
  • Jan 2, 2011 3:18pm Jan 2, 2011 3:18pm
She was released unharmed early today.
  • #84,325
  • Jan 2, 2011 3:25pm Jan 2, 2011 3:25pm
Thankfully she was not harmed after being detained
  • #84,326
  • Jan 2, 2011 4:21pm Jan 2, 2011 4:21pm
Hey Guys, Did you see the Pinbar on cable on the yearly close ...interesting
Rejected from the 200 SMA + 50% Fib + 61.8% Fib Fan and also completed a corrective abc cycle ...has some really good potential I think
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 50 KB
  • #84,327
  • Jan 2, 2011 4:23pm Jan 2, 2011 4:23pm
First, Happy New Year to all of us! I've been away from charts for about a week; just coming back to it tonight.

I was driving to and from New Hampshire this past Friday, and a thought occurred to me; it's probably obvious to the seniors, but I had not considered it in quite this way, so I'll post it for the benefit of anyone who might find it useful.

It's simply this: price action on a higher time-frame chart can be formed by many different sequences of bars on a lower time-frame chart. For example: a pinbar on a daily chart can look like a nice clean "peak" on a 4-hour chart, which might look like a head-and-shoulders on a 1-hour chart. Or an inside bar might be formed by 1-hour bars that look like a wedge formation. Of course, any number of other price bar sequences might form a pinbar on a daily chart, too; see my clumsy drawing for an example.

I'm not sure what this will add to my trading; maybe nothing. But I was thinking about the question that comes up here from time to time regarding the validity of PA on a give chart when different brokers close their bars at different times. The answer the seniors give is: PA isn't everything; it's the whole story, PPZ, S/R, etc., that gives PA power. So looking at what's "inside" the PA bar might give insight into the power of that particular PA bar.

In any case, here are two real-life examples: first a pin bar with 4-hour and 1-hour bars that formed it, and second an inside bar with same. I don't feel that I'm articulating this well, so I'd welcome any thoughts in response.

Happy trading, everyone!

--Dave
Attached Image(s) (click to enlarge)
Click to Enlarge Name: PB Drawing.png Size: 9 KB
Click to Enlarge Name: Pinbar.png Size: 8 KB
Click to Enlarge Name: IB.png Size: 8 KB
  • #84,328
  • Jan 2, 2011 4:31pm Jan 2, 2011 4:31pm
Quoting icycokes
Happy new year guys!

This will be my first post in forex factory. I have been reading and learning from this thread since september last year. All I can say is that you guys are awesome!! It is hard to believe that you guys actually shared all your invaluable findings and experiences with everyone on the internet, for free!! GREAT JOB guys!! THANK YOU!

I hope I can join you so that I can improve my trading skills. I have been paper trading for some time and decided to go live recently, with a small capital.

I have noticed the daily pin bar nose...
Hey Icy

Welcome to the thread and happy new year too you too

That is not a pinbar that we would trade. A bearish pin(one indicating to go short) . We want to see at a swing high. That is a very very deep swing low. So we want to look for these as bullish pins at swing lows and bearish pins at swing highs. Especially since you are new and getting your feet under you.

Here are some examples from James

http://www.forexfactory.com/showpost...5&postcount=56

http://www.forexfactory.com/showpost...ostcount=11163

http://www.forexfactory.com/showpost...ostcount=10618

http://www.forexfactory.com/showpost...&postcount=754

Keep studying and going through james posts and asking questions it gets easier over time. It's simple, but it isn't easy

Mike
  • #84,329
  • Jan 2, 2011 4:33pm Jan 2, 2011 4:33pm
Quoting Oldice
First, Happy New Year to all of us!...
sweet ass chart work dude

KEEP IT UP

YOU ARE LEARNING
  • #84,330
  • Jan 2, 2011 4:34pm Jan 2, 2011 4:34pm
Quoting chriskins
Hi torontoboy,

I have only read Pring on Price patterns and it is excellent imho. It covers all the support and restisstance an patterns including pin bars etc. He also talks about confluence, almost required reading for this stuff.

Chris

Thanks for the reply.
I'm done reading that book and now into the second book of Martin J Pring. Just wondering if there are more advanced books from this author. I cant seem to get much from his website.
  • #84,331
  • Jan 2, 2011 4:35pm Jan 2, 2011 4:35pm
Quoting mbqb11
Hey Icy

Welcome to the thread and happy new year too you too

That is not a pinbar that we would trade....
Hey Mike, do you trade gaps. i saw small one so traded it for some quick profit . got out at .3360 as thats ppz i have drawn from daily-4hr tf.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd11.gif Size: 14 KB
Trading is a test match not a Twenty20.
  • #84,332
  • Jan 2, 2011 4:37pm Jan 2, 2011 4:37pm
Quoting decentchap
Hey Mike, do you trade gaps. i saw small one so traded it for some quick profit . got out at .3360 as thats ppz i have drawn from daily-4hr tf.
Hey D

Yes I do trade gaps, not as actively(like much of my trading used to be). I like for more obvious larger gaps and trade them from a very conservative standpoint that is much more discretionary then the bulk of my trading.

Best
Mike
  • #84,333
  • Jan 2, 2011 4:38pm Jan 2, 2011 4:38pm
Check this one too !!
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH12.png Size: 49 KB
  • #84,334
  • Jan 2, 2011 4:43pm Jan 2, 2011 4:43pm
Quoting mbqb11
Hey D

Yes I do trade gaps, not as actively(like much of my trading used to be). I like for more obvious larger gaps and trade them from a very conservative standpoint that is much more discretionary then the bulk of my trading.

Best
Mike
thanks mike..apriciate your reply.
Trading is a test match not a Twenty20.
  • #84,335
  • Jan 2, 2011 6:09pm Jan 2, 2011 6:09pm
Quoting KissFan
It might very well break to the upside. 1.3734 is a historically attractive PPZ and price could break out of the channel to get there. I was surprised by the enthusiasm by buyers last week so certainly anything is possible. My bigger picture view is bearish on this pair so I am looking for a top and will have to be patient. I cant help but think that the monthly BEOB printed in November is going to prove valid and then we will set a course for the August 2010 lows once again.

K.I.S.S.
hey KissFan, ows things?, i agree, i think if we get above 135.00 we could see some more upside,ii think around 137.00 also, i think 132.00 might be on the cards though if it goes south? i also see bearish div.forming on the daily..


jon
PATIENCE... DISCIPLINE
  • #84,336
  • Jan 2, 2011 8:12pm Jan 2, 2011 8:12pm
Quoting g_j_hook@yah
hey KissFan, ows things?, i agree, i think if we get above 135.00 we could see some more upside,ii think around 137.00 also, i think 132.00 might be on the cards though if it goes south? i also see bearish div.forming on the daily..


jon
Good eye on that daily divergence Hook. I am looking at 1.3497 to attempt a short, then 1.3582 and if that doesnt work out, I'll be looking for the reverse at 1.3734. Obviously I am looking for a longer term trade down to the 1.26 area. Things can change or firm up based on the swings that develop between here and there (if my chart I posted earlier is remotely correct).


K.I.S.S.
  • #84,337
  • Edited Jan 3, 2011 12:00am Jan 2, 2011 10:32pm | Edited Jan 3, 2011 12:00am
Quoting jarroo
Why I liked it so much? . . .No, it wasn't the pencil/lead thing. It was this part on your analysis on the Weekly. . .(Your chart).

You noticed the clear level of Support, "Almost three bar lows". And I believe you saw that the preceeding bars did not close below this clear Support level (although you didn't note them).

Then Price Breaks Through and Closed Below and turned that level , 1.3425ish, into Resistance. . . . beautiful. That's what made it wall art worthy. Oh yeah, your an artist . .that...


Thanks Jaroo, I have been practicing this art over the hols.

Here is a quick video of a similar area I found on AUD/JPY which looks to be current. I will delete the video once you have seen it.

EDIT: That BUEOB also has TL confluehce.
which I forgot....Doh...

Inserted Video

http://www.youtube.com/watch?v=lE0HV8VT33Y
Attached Image (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 224 KB
  • #84,338
  • Jan 2, 2011 11:02pm Jan 2, 2011 11:02pm
Quoting Pinbar
Thanks Jaroo, I have been practicing this art over the hols.

Here is a quick video of a similar area I found on AUD/JPY which looks to be current. I will delete the video once you have seen it.

EDIT: That BUEOB also has TL confluehce.
which I forgot....Doh...

http://www.youtube.com/watch?v=lE0HV8VT33Y
http://www.youtube.com/watch?v=lE0HV8VT33Y
yes, i love video, nowaday technology allow us to use more videos than images....

post more videos, everyone.
  • #84,339
  • Jan 2, 2011 11:33pm Jan 2, 2011 11:33pm
You like videos?

Inserted Video


I made this.
  • #84,340
  • Jan 2, 2011 11:35pm Jan 2, 2011 11:35pm
Quoting 4X=0
You like videos?

http://www.youtube.com/watch?v=n7Cm4NxPXCc

I made this.

Hey 4X, nice music...Any idea what it is? My wife loves it.
357 traders viewing now