james16 Chart Thread | Page 4397 | 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

  • #87,921
  • Feb 3, 2011 5:06pm Feb 3, 2011 5:06pm
Quoting jarroo
The 28.00 looks like a good Price Filp . . meaning its now Support.

Update.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: silver02.jpg Size: 74 KB
Click to Enlarge Name: silver03.jpg Size: 75 KB
Indicators show the past. Price Action "Indicates" the future.
  • #87,922
  • Feb 3, 2011 5:07pm Feb 3, 2011 5:07pm
Quoting jarroo
Yes I would agree with your assumption . .also the stronger the move away or change in direction . .the stronger the level . .meaning 1 and 3 are stronger than 2 and 4.
So do you only mark the more obvious ones like 1 and 3? I noticed that your FTA off the daily was at number 4.
  • #87,923
  • Feb 3, 2011 5:09pm Feb 3, 2011 5:09pm
Quoting Ifmyante
I feel really foolish for not wanting to take it. Even as a scalp I know it should work.

But I do have one important criterion missing

Enjoy the ride folks
I hear ya

I wish I had seen that before, IB with div. play. More my style of a trade
Attached Image (click to enlarge)
Click to Enlarge Name: gusd.gif Size: 46 KB
  • #87,924
  • Feb 3, 2011 5:09pm Feb 3, 2011 5:09pm
what just happened on the USDCAD and cadchf lol?
  • #87,925
  • Feb 3, 2011 5:09pm Feb 3, 2011 5:09pm
Quoting sammy31
There is a pinbar on the daily cadchf, does that look like a good setup?
Hi Sammy

I'd like to see it under .95 before midnight.
  • #87,926
  • Feb 3, 2011 5:11pm Feb 3, 2011 5:11pm
Quoting spookie94
So do you only mark the more obvious ones like 1 and 3? I noticed that your FTA off the daily was at number 4.
Any obvious swing point on the Weekly . be they major or minor . .are going to be important on the Daily TF and down.

If Price breaks that Daily BEOB and hits number 4 and goes back upwards . .we will not be surprised.
Indicators show the past. Price Action "Indicates" the future.
  • #87,927
  • Feb 3, 2011 5:12pm Feb 3, 2011 5:12pm
Quoting DBallerz
what just happened on the USDCAD and cadchf lol?
Cool

Well it got under .95 before midnight. But I'd like it to stay there
Attached Image (click to enlarge)
Click to Enlarge Name: h1.jpg Size: 71 KB
  • #87,928
  • Feb 3, 2011 5:12pm Feb 3, 2011 5:12pm
Quoting Ifmyante
Looks like the PB has fulfilled its obligations anyway
More often than not PB and OB do move in the right direction. Have a look at the spreadsheet I posted a few weeks back where I took every OB and PB on approx 20 currencies. You will be surprised by the results.

SR2
  • #87,929
  • Feb 3, 2011 5:16pm Feb 3, 2011 5:16pm
Quoting jarroo
Any obvious swing point on the Weekly . be they major or minor . .are going to be important on the Daily TF and down.

If Price breaks that Daily BEOB and hits number 4 and goes back upwards . .we will not be surprised.
Was just wondering if its best to zoom out on the weekly and mark the obvious S/R levels and just go with those.
  • #87,930
  • Feb 3, 2011 5:16pm Feb 3, 2011 5:16pm
Quoting Ifmyante
Cool

Well it got under .95 before midnight. But I'd like it to stay there
lol I hit my TP onn both usdcad and cadchf LOL. Made a quick 200 pips hah. Slippage maybe?
  • #87,931
  • Feb 3, 2011 5:17pm Feb 3, 2011 5:17pm
Quoting sr2
More often than not PB and OB do move in the right direction. Have a look at the spreadsheet I posted a few weeks back where I took every OB and PB on approx 20 currencies. You will be surprised by the results.

SR2
Surprised? My jaw fell off

I don't remember your exit strategy though. Did you stick to a set of rules?
  • #87,932
  • Feb 3, 2011 5:17pm Feb 3, 2011 5:17pm
Quoting spookie94
Was just wondering if its best to zoom out on the weekly and mark the obvious S/R levels and just go with those.

You just made Mike smile . . .
Indicators show the past. Price Action "Indicates" the future.
  • #87,933
  • Feb 3, 2011 5:18pm Feb 3, 2011 5:18pm
Quoting DBallerz
lol I hit my TP onn both usdcad and cadchf LOL. Made a quick 200 pips hah. Slippage maybe?
Easiest trades ever
  • #87,934
  • Feb 3, 2011 5:19pm Feb 3, 2011 5:19pm
Quoting jarroo
Any obvious swing point on the Weekly . be they major or minor . .are going to be important on the Daily TF and down.

If Price breaks that Daily BEOB and hits number 4 and goes back upwards . .we will not be surprised.
Why would'nt you choose point 2 as your FTA?
  • #87,935
  • Feb 3, 2011 5:20pm Feb 3, 2011 5:20pm
Quoting jarroo
You just made Mike smile . . .
Made us all smile
  • #87,936
  • Feb 3, 2011 5:22pm Feb 3, 2011 5:22pm
Hey guys curious what you think. Here is the GBP/CHF. To me if it closes within the left eye then it looks good pin bar a break of the 1.5200 and low of the pin would give an entry. First area of trouble looks to be the 1.51 level. I would move stop to B/E if it gets to this point then look towards 1.49 area. If it breaks here I would trail with a technical stop based on my MAs and price action. What do you guys think?
Attached Image (click to enlarge)
Click to Enlarge Name: 2.1.11 pin bar gbp chf.gif Size: 26 KB
  • #87,937
  • Feb 3, 2011 5:25pm Feb 3, 2011 5:25pm
Quoting spookie94
Why would'nt you choose point 2 as your FTA?
Its probably in play technically, but the BEOB has some Daily Space which could only help its momtenum . . the size could be bigger but I like its potential for a hard break.


Gotta go

later
Indicators show the past. Price Action "Indicates" the future.
  • #87,938
  • Feb 3, 2011 5:25pm Feb 3, 2011 5:25pm
hilarious!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Document1.png Size: 97 KB
Click to Enlarge Name: Document2.png Size: 78 KB
  • #87,939
  • Feb 3, 2011 5:27pm Feb 3, 2011 5:27pm
Hi xmzhang,

Gold - Price breaks Through and Closes above on my chart but I cannot see any other confirmation. I am trying to stay out of gold & silver personally for a few months unless if it's a really good setup l will go in for 0.05 pips per point as the pair is too volatile and I have too many scars from the two metals.

I am a learning would suggest getting feedback from the experts.


Quoting xmzhang
My E-J trade finally took off and broke that 2_D BEOB, thanx to Trichet, entry as usual on a pullback to a double top .........
  • #87,940
  • Feb 3, 2011 5:28pm Feb 3, 2011 5:28pm
Quoting redsox326
Hey guys curious what you think. Here is the GBP/CHF. To me if it closes within the left eye then it looks good pin bar a break of the 1.5200 and low of the pin would give an entry. First area of trouble looks to be the 1.51 level. I would move stop to B/E if it gets to this point then look towards 1.49 area. If it breaks here I would trail with a technical stop based on my MAs and price action. What do you guys think?
Would like for it to hit 1.54.
305 traders viewing now