james16 Chart Thread

Sr2, thank you very much for your detailed analysis. Well, if we add some confluences now like RN, space and bar size - just these should be more than enough to bring us to profitability? Looks so to me. Really this sometimes looks so easy to me that it just honestly surprises me why am I still cannot prove it with my performance. There must be some bug in my trading....

Man I hate week ends, look what they do to us - charts stop ticking, forum stops renewing ohh two painful days until life will start again...

Hi guys..

Its at a swing low...imho not worth taking it.

Remember we want them at swing highs for a short..swing lows for a long.

Os.

Remember we talked about it before. We mostly agree on a type of bar we want to see for the potential trade, pb, buob, ib, ipb...
But we may often very disagree if that bar is tradable or not, due to so many different views. So when a pb is shown we think for ourselves. Which is good of course.

But sometimes we can miss that pb, because we are looking at different chart or something. So maybe we can have a group here or FB for example, the goal of which will be just to exchange the charts we see. Not trade calling, just a mutual help in scans and going through charts. What do you think?

I think it will be better and more correct if that group will be started by a Senior member...or I can even do it myself if James, Mike and other Seniors will not see this inappropriate. What do you think?

Hi Sir, Thanks for your comment on my chart, I m glad to it

and about BUOB(EURJPY 4h)

Imho, It doesn`t retrace enough.

I found BUOB which I guess it might be good example, so plz take a look , if you like.

and I think Sir mbqb11 gives us many good examples on BUOB or BEOB , I always like to read his posts, they are great help to me to understand about PA &PPZ

btw, the last pic is my image(I don`t know what it call in English,, string gun?) about BUOB or BEOB.
For me , ideal BU/BEOB are like this, I want to find them after big retracement (want see BEOB swing high, BUOB at Swing low)

hope that might help you even a little.

thanks for reading sir.

Ken

Some scary things you post here
I think it is called a "a sling shot" used to do them myself back in those happy days

my ppz where i'll be watching for PA. I'll include fibs once I see PA otherwise like to keep chart clean. More graphs to analyze over the weekend

Any comments?

Good size, good nose, perfect space, good location.
Why does it look to be failing?
Weak close maybe?

that move down/up, V shaped looks bullish to me at least for the short term. The weekly has a bigger BUB candle and DBL. I would wait for more PA confirmation on the daily on this pair. I was looking to short this pair the whole week but could not get an entry lol

thanks for [sling shot] sir
I also enjoyed to play with it in mychildhood , it`s a good memory

about EU Pinbar(8h)
Although charts of mine are not 8h, this is my view on it.

in my 4hchart, it`s against EMAs(my trend difinition) so that I look this pinbar as a couter PA(that`s just my view)

I don`t trade a counter PA though , when I see it , I sometime imagine [stone skipping ]

stone are being thrown with much strength , and it hit on the surface of the river hard then jump into the air once. then stone hit the surface of the river again ,,,, I don`t know how many times stone hit the surface of the river before sinking into the bottom(of the river)
though, stone will lose its momentum at last(and go sinking)

that`s my image when I see counter trade.

and I think , previous strong bullish bar on dailychart might indicate me how hard stone has thrown to the surface of the river..

thanks for reading sir.
(and sorry if my writing is not clear)

Ken

Yes, thanks! Maybe that previous bullish action really a problem.
I like your analogy with stones throwing

Here is one weekly. I like the location and bar very much, really strong bar engulfing 3 bars before it...however too much traffic on the way I think. So maybe better to skip it...

Hmm, good point. Focus on A+ setups only, right? So we wait...

Dean

Traffic is on the way.. but the close is really beautiful.. no wic at all.

I am not sure .. some how I feel (observed on couple of occasions), if the close is strong, it won't retrace much.. probably due to the momentum..

Thank you for reading, it my pleasure sir

I think ,divergence will work not always , but I must admit that it sometimes to help me to see when stones throwing lose its momentum (..chart)

Ken

home depot with a buob breaking through resistance.

mcd with a weekly pinbar. could continue the uptrend now.

sap broke through the channel and the 40 eur resistance.
the friday daily bar already fell below 40 and closed above 40 eur.
further upomove likely.

I don't know, Adi. it sounds like a good idea in theory. But a year ago if I had stumbled upon a site like that, I'm sure I would have thought, 'Yippee, free money', jumped on every call, panicked on every pullback, and blown my account in a week!

As it is, there's a myriad set ups on this thread, but even more advice on how to read them.

I think for the sake of all noobs to trading, this is the safest place to be.

Just my perspective.


Kancha, if you're listening(reading)

Great analogies. I wonder how rude your image of a pinbar would be!

Hello aserbfx, what Mt4 do you use for non-forex charts ? Broco, XTB or FXpro ? I was looking for a way to chart like you but I was shying away from large spread cfd charts....

BTW : Muenchener Rueck ( Buffet holds 10% ) looks good too, upcoming earnings announcement and dividends.

I wish all J16´ners a prosperous and healthy 2011. Pinbar : don´t work so hard ! But do so if you really have to !

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I found this and thought immediately of Jim ( J16 ), my best wishes.

Regards,


Michael

============== Quote : Casey Research ===============

The Governor of California is jogging with his dog along a nature trail. A coyote jumps out and attacks the Governor’s dog, then bites the Governor.
1. The Governor starts to intervene, but reflects upon the movie Bambi and then realizes he should stop because the coyote is only doing what is natural.
2. He calls Animal Control. Animal Control captures the coyote and bills the state $200 for testing it for diseases, and $500 for relocating it.
3. He calls a veterinarian. The vet collects the dead dog and bills the state $200for testing it for diseases.
4. The Governor goes to the hospital and spends $3,500 getting checked for diseases from the coyote and on getting his bite wound bandaged.
5. The running trail gets shut down for six months while Fish & Game conducts a $100,000 survey to make sure the area is now free of dangerous animals.
6. The Governor spends $50,000 in state funds implementing a “coyote awareness program” for residents of the area.
7. The state legislature spends $2 million to study how to better treat rabies and how to permanently eradicate the disease throughout the world.
8. The Governor’s security agent is fired for not stopping the attack. The state spends $150,000 to hire and train a new agent with additional special training re: the nature of coyotes.
9. PETA protests the coyote’s relocation and files a $5 million suit against the state.
Meanwhile, in Montana…
The Governor of Montana is jogging with his dog along a nature trail. A Coyote jumps out and attacks his dog.
1. The Governor shoots the coyote with his state-issued pistol and keeps jogging. The Governor has spent $0.50 on a .45 ACP hollowpoint cartridge.
2. The buzzards eat the dead coyote.
And that, my friends, is why California is broke and Montana is not.