james16 Chart Thread | Page 4248 | 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

  • #84,941
  • Edited 4:24am Jan 8, 2011 2:59am | Edited 4:24am
Quoting Pinbar
Wow....You are almost trading J16's base system without even knowing it!

Looks very, very good and I like the way you are implementing your rules.
I have heard a lot of people on the private forum say, "If they look at...
Thank for your warm comment, I really apriciate it.
I hadn`t written in English in public(forum) like this before and that made me so nervous that I was lost before I finished the last post.
Actually I thought that maybe I`d better delite that post, then I read your comment now ,I changed my mind and decided to leave that last post as it is ,so that I dont forget this feeling(If there`s a hole ,I want to hide myself in it) and keep my mind to post more clear and simple.
Really thanks Pinbar

then,,charts.

NZDUSD
Daily&4hchart(FXDD)

Dailychart
(2011.1.7)BUOB at Fib50%

and this is my trading plan.

If price breaks TL(Blue TL/I think it also forms Descending Triangle pattern) upward and I can confirm a nice bullish PA(1~4hPA/good size, good location and good momentum) in or around the Triangle area(Red triangle above 0.7600.please see 4hchart which I attached), I would ride on it.

If I can`t confirm any nice PA(1~4hPA) there (around Red Triangle) in a next few days(until Tue or Wednesday`s Close at most),I would pass(abandon) this trading plan and wait for the next Daily PA coming up.

If I take a trade , Lime lines would be my FTA(first trouble area/0.7635-0.7660)

I have 2 different aproachs on Daily PA.
and about this BUOB, I look at it as only just a hint to catch a nice 1~4hPA after TL breakout(I mean, this BUOB isnt a trigger for me to enter the market. I never take a trade with this BUOB breakout. It`s too dangerous)

Thanks for reading.

Ken.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 108 nu daily.gif Size: 28 KB
Click to Enlarge Name: 108 nu 4h.gif Size: 37 KB
  • #84,942
  • Jan 8, 2011 3:40am Jan 8, 2011 3:40am
Quoting kancha1115
Thank for your warm comment, I really apriciate it.
I hadn`t written in English in public(forum) like this before and that...

IMHO
I don't like the look of this whole area that price has flipped at many times.
For me personally, it would have to break above this area, pullback and give me some decent sized PA off of it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: w.jpg Size: 203 KB
Click to Enlarge Name: d.jpg Size: 219 KB
  • #84,943
  • Jan 8, 2011 4:19am Jan 8, 2011 4:19am
anf on weekly.
the beob looks good at first sight, but see the high and the box to left.
i expect price to go sideways from here. maybe a good example that the bar-setup should always be seen in context.
Attached Image (click to enlarge)
Click to Enlarge Name: anf.png Size: 44 KB
meine augen sind die sterne
  • #84,944
  • Edited 5:05am Jan 8, 2011 4:48am | Edited 5:05am
Quoting Pinbar
IMHO
I don't like the look of this whole area that price has flipped at many times.
For me personally, it would have to break above this area, pullback and give me some decent sized PA off of it.
Thank you very much, Pinbar.
I totally agree with you. If I look for PA, which is like I want to entry at PA breakout, This BUOB is not what I want. I think this BUOB is too weak(dangerous), not worth to play.

If this BUOB break ,keeps its momentum upward and only when I can confirm a decent bullish 4h or 1hPA around Red triangle which I marked in the chart in my last post , I will take that decent bullish PA. if not, I won`t trade.That‘s my plan.
  • #84,945
  • Jan 8, 2011 4:58am Jan 8, 2011 4:58am
Quoting Adilius07
Just wanted to post the outcome of the KissFan analysis.
Man this guy really knows what he's doing!!!

With all due respect to you and Kissfan the very last analysis that he had he said that he was aware that nasty last Big BEOB but he insisted on his conviction that he added more longs to his positions at 1.3277 something targeting 1.34900...

Now to me even KISSFAN fell into that trap of last weeks big bullish weekly bar .. And as we all know sometimes PPZ right up to a pip some times 50 pip wide this time it was the latter.

I dont think Kissfan would be holding those longs this far do you ?

I would like him to come and enlighten us about the way he first analyzed(which is perfect ) and the way he analyzed later or recent one... Which was very negligent behaviour in trading .. almost saying hey market , I want you to behave the way I want or I think.. That sorry to say but it can even carve J16 s ego if he was to behave that way ...

Cause .... MARKET is always right ! we are sometimes right !!!

So lets look at things objectively and not follow anyones trade but learn the way this concept is applied and see what we see on our feed and trade what we see , not follow and be part of the herd !!!

True?

Cheers V
  • #84,946
  • Jan 8, 2011 5:02am Jan 8, 2011 5:02am
Quoting aserbfx
costco on weekly.
large beob. near rn 70 usd which make me suspicious.
perhaps short below 70 usd as a conservative approach?
any comments?
LAST CHART YOU POSTED> BIG BEARISH OUTSIDE BAR ...

MY friend that is as good as you gonna get it have a look at the space and work out your first trouble area ...

Good one !!!!

Cheers V
  • #84,947
  • Jan 8, 2011 5:03am Jan 8, 2011 5:03am
Quoting kancha1115
Thank you very much, Pinbar.
I totally agree with you. If I look for PA, which is like I want to entry at PA breakout, This BUOB is not what I want. I think this BUOB is too weak(dangerous), not worth to play.

Not at all K.

It is always my pleasure to think about any trading setups.

Also, I see what you mean now.You are just setting the trap and waiting for the prey. Good job.
  • #84,948
  • Jan 8, 2011 5:04am Jan 8, 2011 5:04am
Hi Pinbar, I was wondering if I can still get your feedback on this post from yesterday: http://www.forexfactory.com/showpost...ostcount=84912

You had so kindly replied to my questions with great charts, and I realized I should have posted my initial inquiry with proper chart explanations as well.

Thank You Kindly,
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #84,949
  • Jan 8, 2011 5:24am Jan 8, 2011 5:24am
Quoting aserbfx
anf on weekly.
the beob looks good at first sight, but see the high and the box to left.
i expect price to go sideways from here. maybe a good example that the bar-setup should always be seen in context.
Ok .. The box you drew on left ... you cant really say that will be the case this time around .

1- Notice prior to that box there was a very impulsive wave down and the consolidation was brief.
2-Notice the price took alot of time to reach and turned now. this is a consolidation indication of the price possibly turning from a good fibo level.
3-Notice the wave structure upto now from the low a choppy overlapping action.there was one intruption in between to legs of advance. first A then retrace B then now see the end of C.
4- Please look at last advance of C it is almost perfect 5 wave sharper advance.

In light of this all i would only look bearish PA and that might be a very BEARSIH PA.. who knows ...But the way I see the phsycologfy of the participants there was a hope move in the last wave C and now all of a sudden dissappointment set in ... This indicates this advance interupted...

Just a TWO cents worth ..Good luck ..

...
Cheers V
  • #84,950
  • Jan 8, 2011 5:27am Jan 8, 2011 5:27am
[quote=menomoo;4297687]Ok .. The box you drew on left ... you cant really say that will be the case this time around .

LETS REMEBER THIS FRIENDS!

KEEP IT SIMPLE AND HAVE HOLISTIC APPROACH .

DONT OVER ANALIZE IT ! I FOUND OVER OR WRONG ANALYSIS CAUSE SERIOUS PROBLEMS WITH BEING UTTERLY ANAL-IZED!

if you know what I mean ...

cheers V
  • #84,951
  • Jan 8, 2011 5:31am Jan 8, 2011 5:31am
Quoting teemo
Hi Pinbar, I was wondering if I can still get your feedback on this post from yesterday: http://www.forexfactory.com/showpost...ostcount=84912

You had so kindly replied to my questions with great charts, and I realized I should have posted my initial inquiry with proper chart explanations as well.

Thank You Kindly,


Sorry, I am in Japan so, I think I may have gone to bed when you posted that and I missed it this morning.

I don't have any charts on that pair so, it is hard to make charts.

However, I would look a bit more closely at the area, I marked in blue on the weekly chart.
Attached Image (click to enlarge)
Click to Enlarge Name: bp1-7weekly.jpg Size: 157 KB
  • #84,952
  • Jan 8, 2011 5:40am Jan 8, 2011 5:40am
Wow! Though I feel the vitality of PPZ spotting skill, and sometimes think I see them, I realize when I see posts by You, Jarro, Mike,.etc that they still remain an elusive target for me. I'll keep watching you guys and will learn it. Thanks so much Pinbar!
Oh, the chart is a Futures chart of the Pound, which is the same as GBPUSD.

Thanks again,

Quoting Pinbar
Sorry, I am in Japan so, I think I may have gone to bed when you posted that and I missed it this morning.

I don't have any charts on that pair so, it is hard to make charts.

However, I would look a bit more closely at the area, I marked in blue on the weekly chart.
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #84,953
  • Jan 8, 2011 5:44am Jan 8, 2011 5:44am
Quoting teemo
Wow! Though I feel the vitality of PPZ spotting skill, and sometimes think I see them, I realize when I see posts by You, Jarro, Mike,.etc that they still remain an elusive target for me. I'll keep watching you guys and will learn it. Thanks so much Pinbar!
Oh, the chart is a Futures chart of the Pound, which is the same as GBPUSD.

Thanks again,


Sorry, I was just looking at the daily.

We can see the boxes of consolidation.

Possibly I would wait for a break of these areas and a pullback with some strong PA setup that would break out.


Thanks but please remember I am a newbie......Mike, Jarroo. Ghous & SC are guys to watch.
Attached Image (click to enlarge)
Click to Enlarge Name: bp1-7daily.jpg Size: 173 KB
  • #84,954
  • Jan 8, 2011 5:45am Jan 8, 2011 5:45am
I was doing my "homework" - analyzing all the trades I took, and look what I found. The DHR trade, it was profitable for me yes, you can see my exit and see where it has gone....

I know there is no point to be sorry or anything like this, this post is just a reminder that these concepts do work, and are really powerful!
Attached Image (click to enlarge)
Click to Enlarge Name: DHRtoday.png Size: 11 KB
Attached Image
  • #84,955
  • Jan 8, 2011 5:53am Jan 8, 2011 5:53am
You're a humble guy PB. Yes, I have read quite a bit of the thread to know you are not one of the oldies, and perhaps a student of James, Mike, Jarroo,..etc. but you know more than you think you do and have a great way of explaining it.
Thanks again Pinbar,


Quoting Pinbar
Sorry, I was just looking at the daily.

We can see the boxes of consolidation.

Possibly I would wait for a break of these areas and a pullback with some strong PA setup that would break out.


Thanks but please remember I am a newbie......Mike, Jarroo. Ghous & SC are guys to watch.
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #84,956
  • Jan 8, 2011 6:32am Jan 8, 2011 6:32am
8-day pinbar on chrw.
price broke through the 80 usd and came back < 80 usd.
last 8 days formed a doji on relative low volume.
price will likely fall to the box.
good r:r.
Attached Image (click to enlarge)
Click to Enlarge Name: chrw.png Size: 38 KB
meine augen sind die sterne
  • #84,957
  • Jan 8, 2011 6:46am Jan 8, 2011 6:46am
tui on weekly.
break of the channel.
weekly bar closed as a buob in continuation of the trend.
may be traded as a longtime investment with tp at ~15 eur and sl <10 eur.
comments appreciated...
Attached Image (click to enlarge)
Click to Enlarge Name: tui2.gif Size: 20 KB
meine augen sind die sterne
  • #84,958
  • Jan 8, 2011 7:02am Jan 8, 2011 7:02am
Quoting teemo
You're a humble guy PB. Yes, I have read quite a bit of the thread to know you are not one of the oldies, and perhaps a student of James, Mike, Jarroo,..etc. but you know more than you think you do and have a great way of explaining it.
Thanks again Pinbar,

I am blushing.....

Jarroo sent me a PM a while back saying he noticed that when I help out new people, he can tell I learn equally as much as the person I helped out.

I think that is how life works, or should work, we receive only as much as we give.

It helps me focus, and consolidates things inside me a great deal.

I always thank people for giving me the chance to try and help them.

Thanks T...And I love your signature.
  • #84,959
  • Jan 8, 2011 7:18am Jan 8, 2011 7:18am
cma on weekly.
high volume beob engulfing the last two bars.
will likely return into the box.
Attached Image (click to enlarge)
Click to Enlarge Name: cma.png Size: 40 KB
meine augen sind die sterne
  • #84,960
  • Jan 8, 2011 7:20am Jan 8, 2011 7:20am
On eur/usd and eur/gpb we have 2 weekly BEOB's. Bars are good but i do not realy like the location of both. Maybe a little more space on eur usd.
57 traders viewing now