james16 Chart Thread | Page 4319 | 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

  • #86,361
  • Edited 4:37pm Jan 19, 2011 4:22pm | Edited 4:37pm
Hi Mike,

Heres the 4Hr close up;
It looks like a failed break and a touch off a potential TL.
Sell stop and SL below and above the red dotted lines, yellow dotty lines are obvious support areas from the daily.

edit: If you aggregate the last 2 days (so far) it looks like a bearish pin bar of the TL.
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hr view.jpg Size: 73 KB
  • #86,362
  • Jan 19, 2011 4:32pm Jan 19, 2011 4:32pm
Quoting aserbfx
small pin on uj.
con: doesn't protrude a lot (under 82.00).
pro: but closing above the rn 82.00 and the 61.8% fib. cluster to the left.
fta is quite near at 82.35.
comments appreciated.
Hey Aserfbx
I like your BUOB on the kiwi more .......... your small countertrend UJ PB on the other hand is less appealing, if I would trade that PB, then only for a quick in & out scalptrade. BTW. price has just pulled back to the left eye of that PB, on the 10m-TF price generated a nice BUOB which could be my buy trigger. SL a few pips below that left eye @ 8196 entry @ the break of that 10m-BUOB @ 8202 so our initial risk is 6 pips, FTA @ high of that 4H-PB @ 8211 will give us a R:R = 1.5 for this scalptrade.
Pipcrawler
  • #86,363
  • Jan 19, 2011 4:55pm Jan 19, 2011 4:55pm
Quoting sebby
Anyone seen this pin at top of a range on silver? Been waiting for an entry here a while. Don't like how it didn't reach the BRN 30 but it lines up quite nicely with the box on the left and seemsto close below 29. FTA should be around 28.35. If it breaks 28 there could be a major correction. But then again with all this cheap money in the markets gold and silver might go up a bit further...
I like the trade. Personally i like the bounce off the 29.48 as its proven to be a tough resistance level dating back to to the pin on the 9th of November. Strong close below 29.00 helps aswell.

Against the overall uptrend of silver but closely monitored should bring in a nice profit stop to B/e @ 28.38
  • #86,364
  • Jan 19, 2011 4:58pm Jan 19, 2011 4:58pm
Quoting AvanishDemo
BEOB formation at Swing High..?
Any1 going for dis?
Hi Avanish,

Its at a swing high but if you check it previous bar had a higher high than todays bar.

I would love to see bearish PA around the 1.54500.

Os.
Trade Smart
  • #86,365
  • Jan 19, 2011 5:30pm Jan 19, 2011 5:30pm
Quoting xmzhang
Hey Jarroo looks like price is back at the origin of my setup @ 8540 and has found support there via a big 30m-PB........ I've entered for another shot @ that our PB. That 30m-PB is backed up by a 1H-PB.
My reentry of CJ via that 30m-PB has paid me off once again, already banked a bunch of juicy pips on my first position, let the remaining position run to the high of that weekly PB ......... let's see
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 193 KB
Pipcrawler
  • #86,366
  • Jan 19, 2011 5:33pm Jan 19, 2011 5:33pm
Broke nice and quick...had the momentum that we like!

For what it was worth...at 5 est. tried to execute trade with MBT trading ...kept saying no connection.....had to place order with another broker.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 111 KB
  • #86,367
  • Jan 19, 2011 5:37pm Jan 19, 2011 5:37pm
Quote
Against the overall uptrend of silver but closely monitored should bring in a nice profit http://cdn.forexfactory.com/images/s.../yim/happy.gif stop to B/e @ 28.38

Decided too wait for a break of the 28 and a re-test of that support as resitance afterwards. It's night here in Europe now and I need my sleep so won't be able to monitor it and the FTA is too close to keep it open over night... Intesting to see what will happen though.

The pin on NZDUSD already hit FTA (765). Would be time to move to B/E if the high roll over fees and counter trend nature would not have scared me out of the trade... At least my other short NZD trade works
  • #86,368
  • Jan 19, 2011 5:37pm Jan 19, 2011 5:37pm
Quoting Atc
Broke nice and quick...had the momentum that we like!

For what it was worth...at 5 est. tried to execute trade with MBT trading ...kept saying no connection.....had to place order with another broker.
This is their rollover period, usually doesn't last very long

Best
Mike
  • #86,369
  • Jan 19, 2011 5:44pm Jan 19, 2011 5:44pm
Quoting mbqb11
This is their rollover period, usually doesn't last very long

Best
Mike

Yes, Thanks---Mike just got off the phone with MBT...learned that approx. 5mins prior to 5pm est. to 5 mins after is the window for rollovers for ECN's.
  • #86,370
  • Jan 19, 2011 5:56pm Jan 19, 2011 5:56pm
update on VZ Wkly PB
Attached Image (click to enlarge)
Click to Enlarge Name: vzupdate.PNG Size: 57 KB
  • #86,371
  • Jan 19, 2011 6:01pm Jan 19, 2011 6:01pm
Quoting Atc
Yes, Thanks---Mike just got off the phone with MBT...learned that approx. 5mins prior to 5pm est. to 5 mins after is the window for rollovers for ECN's.
Someone who does their due diligence when they have a question, good for you Bill. A good example for the new folks

Best
Mike
  • #86,372
  • Jan 19, 2011 6:18pm Jan 19, 2011 6:18pm
Hi, I take it a break of the daily TL is in the making. But more importantly can I ask how you rate the Daily Pinbar on AUDUSD?
Attached Image (click to enlarge)
Click to Enlarge Name: ad1-19.jpg Size: 96 KB
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #86,373
  • Jan 19, 2011 6:20pm Jan 19, 2011 6:20pm
Quoting teemo
Hi, I take it a break of the daily TL is in the making. But more importantly can I ask how you rate the Daily Pinbar on AUDUSD?
Hey Teemo

I love this area at parity(1.0) I am picky with my closes though and would want to see a strong close under 1.0

Things are looking heavy across the board nzd/usd aud/usd gold etc

Will be fun to watch play out
  • #86,374
  • Jan 19, 2011 6:23pm Jan 19, 2011 6:23pm
Thanks Mike! M problem now is that I don't enter trades at this time of the day. Hopefully I am not too late for party tomorrow.
Cheers,

Quoting mbqb11
Hey Teemo

I love this area at parity(1.0) I am picky with my closes though and would want to see a strong close under 1.0

Things are looking heavy across the board nzd/usd aud/usd gold etc

Will be fun to watch play out
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #86,375
  • Jan 19, 2011 6:25pm Jan 19, 2011 6:25pm
Quoting teemo
Thanks Mike! M problem now is that I don't enter trades at this time of the day. Hopefully I am not too late for party tomorrow.
Cheers,
If there is one thing I have learned in my life Teemo, there is always another party
  • #86,376
  • Jan 19, 2011 6:27pm Jan 19, 2011 6:27pm
For those interested in a different time close on daily of AUD/USD.

I like it alot
Attached Image
Dr. C
  • #86,377
  • Jan 19, 2011 6:44pm Jan 19, 2011 6:44pm
Traders will enjoy the privilege of Longevity just by taking this advice to Heart.
Thanks as Always Mike,
t


Quoting mbqb11
If there is one thing I have learned in my life Teemo, there is always another party
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #86,378
  • Jan 19, 2011 6:56pm Jan 19, 2011 6:56pm
Quoting mbqb11
Blah blah blah blah blah blah blah blah blah blah blah party
....Bundy's sixth sense detected what?
Bundy's status today: "Waiting..."
  • #86,379
  • Jan 19, 2011 7:04pm Jan 19, 2011 7:04pm
Quoting bundyraider
....Bundy's sixth sense detected what?
look who it is

That was one long party you took


Good too see you bud
  • #86,380
  • Jan 19, 2011 8:01pm Jan 19, 2011 8:01pm
Quoting bundyraider
....Bundy's sixth sense detected what?
BUNDY!!
I believe . . .
310 traders viewing now