james16 Chart Thread | Page 4224 | 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

  • #84,461
  • Jan 4, 2011 10:19am Jan 4, 2011 10:19am
Quoting s005606
Thank you so much Ghous for the video and all the efforts. It's very clear and I enjoy knowing the thought process behind the trade too.

I like it as much as I love the pips.
No problem s005...eek!...Christo...oops!...Kristopher

g.
I believe . . .
  • #84,462
  • Jan 4, 2011 10:19am Jan 4, 2011 10:19am
Quoting mbqb11
You are doing pretty well my friend. This makes it all so worth it for me.
15 pips is insane to pay once you go live(if you aren't)
My broker is 20 pips, for EURNZD but Oanda is only 4.6, other instruments seem ok just a few of the forex ones are huge.
Kind Regards Chris
  • #84,463
  • Jan 4, 2011 10:21am Jan 4, 2011 10:21am
Quoting chriskins
My broker is 20 pips, for EURNZD but Oanda is only 4.6, other instruments seem ok just a few of the forex ones are huge.
Yes eur/nzd is a higher pip spread in general but ten + is insane. Of course if you are demoing it's ok. I use multiple brokers for reasons like this. Sometimes at the time one is higher then the other or what not and i would never pay ten pips on a pair like eur/nzd(that doesn't mean all pairs).

Mix and match I do

Mike
  • #84,464
  • Jan 4, 2011 10:31am Jan 4, 2011 10:31am
Quoting WellPlayed
Hey guys, first time poster. I'll try and more properly introduce myself later.

I remember James mentioning once that he used a website that would send him a text message when price hit a certain level on a certain pair. Do you guys use something like that, and if so, could you hook me up with the site?

Thanks alot.
Hmm... Rugby or Cricket? WellPlayed Sir.
Today MBQ11 gave good advice to me (a veteran by exposure & practice) & also acknowled your arrival. Don't know if you arrived here by luck or by venture but I do know this.
If you are seriously thinking about Forex, you'll be here for a while.
  • #84,465
  • Jan 4, 2011 10:33am Jan 4, 2011 10:33am
Quoting ghous
Since we've recently had some videos posted, here's something for the newbies in the triumph of the New Year spirit

(pardon the quality, putting it up on youtube erodes the quality quite a bit)

g.
Thanks Ghous, that video was very enlightening.
Kind Regards Chris
  • #84,466
  • Jan 4, 2011 10:37am Jan 4, 2011 10:37am
Hi guys..

This is a setup I really like, I read it in another thread in FF, wanted to post it here so we can comment on it.

GBP/CHF, we have a 2 year wedge on the weekly chart, we broke it on the 30/31 of December and I think we are going back again to the 1.50 -1.51 area..

Retest and down ?
Inside the wedge again ?

I dont know...just keep an eye on it.

Os.
Attached Image (click to enlarge)
Click to Enlarge Name: gchfweek.jpg Size: 73 KB
Trade Smart
  • #84,467
  • Jan 4, 2011 10:45am Jan 4, 2011 10:45am
Quoting KissFan
I was very tempted for sure....

the only trades I ever want to take are the ones that will execute exactly as planned (or faster), and the buy trade off the previous bar highs around 109 could not have shot to my targets any faster I don't think

Hopefully you and I can have many more discussions like this over the next year and beyond
Many choose unhappiness over uncertainty.
  • #84,468
  • Jan 4, 2011 10:58am Jan 4, 2011 10:58am
Quoting Osman
Hi guys..

This is a setup I really like, I read it in another thread in FF, wanted to post it here so we can comment on it.

GBP/CHF, we have a 2 year wedge on the weekly chart, we broke it on the 30/31 of December and I think we are going back again to the 1.50 -1.51 area..

Retest and down ?
Inside the wedge again ?

I dont know...just keep an eye on it.

Os.
Not for a Long Time have I witnessed the Olde Flight To Quality in the Swiss Frank but I currently feel This one is Right.
USD CHF is Weak.
GBPUSD is a sawoff.
Pressure seems to be to the Downside.
?? Play a Retest & South? ??
I don't know but by summer I expect to be reading headlines similar to "CHF King Again"

{That puts gold pushing 18}
  • #84,469
  • Jan 4, 2011 11:03am Jan 4, 2011 11:03am
beob on eu h4.
eu is in a sideways-market. so this setup is a no-go for me.
any comments appreciated
Attached Image (click to enlarge)
Click to Enlarge Name: eu14.gif Size: 23 KB
meine augen sind die sterne
  • #84,470
  • Jan 4, 2011 11:17am Jan 4, 2011 11:17am
Quoting aserbfx
beob on eu h4.
eu is in a sideways-market. so this setup is a no-go for me.
any comments appreciated
FWIW I went short on the H1 pin at 34 - I've been looking for an opportunity for days and seemed good.

Not sure if it's got any legs but I'm gonna hold it for a while.

Also looks like a shampoo so who knows.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.jpg Size: 108 KB
  • #84,471
  • Jan 4, 2011 11:20am Jan 4, 2011 11:20am
For those who trade stocks .. this one was another one I was looking at which broke today..

Walt Disney Co.

We had a wedge on the daily.. touched 3 times the 38 area.. my broker has the feed since 2005 at it shows its all time high.. today we had a break.. possible retest & up ? who knows...

Os.
Attached Image (click to enlarge)
Click to Enlarge Name: disney.jpg Size: 103 KB
Trade Smart
  • #84,472
  • Jan 4, 2011 11:20am Jan 4, 2011 11:20am
Quoting Bemac
Not for a Long Time have I witnessed the Olde Flight To Quality in the Swiss Frank but I currently feel This one is Right.
USD CHF is Weak.
GBPUSD is a sawoff.
Pressure seems to be to the Downside.
?? Play a Retest & South? ??
I don't know but by summer I expect to be reading headlines similar to "CHF King Again"

{That puts gold pushing 18}
I agree with you.This is mine.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpchf-m.gif Size: 23 KB
Click to Enlarge Name: gbpchf-w.jpg Size: 78 KB
Click to Enlarge Name: gbp-d.jpg Size: 65 KB
Nothing personal,just business
  • #84,473
  • Jan 4, 2011 11:22am Jan 4, 2011 11:22am
Quoting aserbfx
beob on eu h4.
eu is in a sideways-market. so this setup is a no-go for me.
any comments appreciated

What stopped me was the 1.33-1.3280 area.. strong PPZ

Os.
Trade Smart
  • #84,474
  • Jan 4, 2011 11:36am Jan 4, 2011 11:36am
Quoting Osman
For those who trade stocks .. this one was another one I was looking at which broke today..

Walt Disney Co.

We had a wedge on the daily.. touched 3 times the 38 area.. my broker has the feed since 2005 at it shows its all time high.. today we had a break.. possible retest & up ? who knows...

Os.
thanks for posting. i was waiting for this breakout since weeks. i refused to enter because of negative market today.
with a possible negative s&p today, i would wait for retest. let's check the daily volume of the breakout later...
meine augen sind die sterne
  • #84,475
  • Jan 4, 2011 11:41am Jan 4, 2011 11:41am
I know is a little too early but I like the location.
If closes like this will take it.
Attached Image (click to enlarge)
Click to Enlarge Name: fsc4_3d.png Size: 20 KB
  • #84,476
  • Jan 4, 2011 11:57am Jan 4, 2011 11:57am
Quoting aserbfx
thanks for posting. i was waiting for this breakout since weeks. i refused to enter because of negative market today.
with a possible negative s&p today, i would wait for retest. let's check the daily volume of the breakout later...
Ure welcome aserbfx.. knew u would like it

Im gonna wait for a retrace.. based on the wedge Ive got target at 40

Os.
Trade Smart
  • #84,477
  • Jan 4, 2011 12:26pm Jan 4, 2011 12:26pm
I would be very cautious with stocks right now as all might be seriously on their last leg up. So when need to be nimble.... We need to think that we are on Needle...

Please friends treat stocks little different to forex as they are not as fast movers... No need to complicate life...

Cheers V
  • #84,478
  • Jan 4, 2011 12:35pm Jan 4, 2011 12:35pm
Quoting Osman
For those who trade stocks .. this one was another one I was looking at which broke today..

Walt Disney Co.

We had a wedge on the daily.. touched 3 times the 38 area.. my broker has the feed since 2005 at it shows its all time high.. today we had a break.. possible retest & up ? who knows...

Os.
hey os!!!

That break out happen to be at a triangle area.. You know what that means ... Usually if triangle happens to be neer highs , it may mean in elliot wave count wave 4 and that is just before 5 so break out might be wave 5 ...So treat it with caution please.

Just my opinion .And waiting for a retrace sounds good to me ...

cheers V
  • #84,479
  • Jan 4, 2011 12:36pm Jan 4, 2011 12:36pm
Any fundamental reason why Gold fell 400+ pips today.
  • #84,480
  • Jan 4, 2011 12:38pm Jan 4, 2011 12:38pm
Quoting Pipage
Any fundamental reason why Gold fell 400+ pips today.
Don't know anything about fundies, or why today not yesterday. But it's massively over bought and looks due for it
Attached Image (click to enlarge)
Click to Enlarge Name: a2.gif Size: 18 KB
70 traders viewing now