james16 Chart Thread | Page 4402 | 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

  • #88,021
  • Feb 4, 2011 6:14am Feb 4, 2011 6:14am
Quoting Adilius07
Hey Pinbar, oh a video about this would be just awesome!
Dan's covered most of the necessary points.

Here's a video anyways for any additional help you may need.


Inserted Video



g.
I believe . . .
  • #88,022
  • Feb 4, 2011 6:22am Feb 4, 2011 6:22am
Quoting Adilius07
I really like this massive BUOB on W2. Really Pitbull I think.
However looking at monthly chart that topping tail scares me a bit...

If there was no tail on monthly I would take it for sure.
Now I'm a little hesitant. Any thoughts?
I dunno Adi
Attached Image (click to enlarge)
Click to Enlarge Name: d1.jpg Size: 117 KB
  • #88,023
  • Feb 4, 2011 6:23am Feb 4, 2011 6:23am
Quoting ghous
Dan's covered most of the necessary points.

Here's a video anyways for any additional help you may need.


http://www.youtube.com/watch?v=AYVaC...layer_embedded


g.
Awesome video!!! Thank you very much Ghous! I think all is clear to me now.
Will practice noticing consolidation boxes on my charts.
Thanks!
  • #88,024
  • Feb 4, 2011 6:25am Feb 4, 2011 6:25am
Quoting Adilius07
I really like this massive BUOB on W2. Really Pitbull I think.
However looking at monthly chart that topping tail scares me a bit...

If there was no tail on monthly I would take it for sure.
Now I'm a little hesitant. Any thoughts?
I don't have a 2w chart but on daily it looks like whatever happens at 1,3200 is crucial.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.gif Size: 16 KB
  • #88,025
  • Feb 4, 2011 6:27am Feb 4, 2011 6:27am
Quoting Ifmyante
I dunno Adi
Hey really there is box we are in, I see it now!
I see the 2top too, I thought we might go test it again..
the real thing that scares me is that tail - real bearish presence there...

Oh if I have so many doubts the best thing is to skip it!!! yeah. Will wait another one. Thanks for your advice

EDIT: Forgot about PB, yes even on W2 it is seen that there is 2 bar PB ( so W4 PB) - but I thought it was not a problem since looks as it reached its target...
  • #88,026
  • Feb 4, 2011 6:44am Feb 4, 2011 6:44am
Ghous, thank you very much !

From my experience another question might arise whilst we are watching price inside this consolidation area : in what direction will the breakout happen ?

If we consider that large players want to move as cost-effective as possible, they will often ( not always ) create a fake move......

a) in consolidation moves where price came from a prior down move : look for fake buy moves. The stop hunt bar to the top right corner of your cadchf box signifies this, and the true intention of big players ( = to go short ).

b) in consolidation moves where price came from a prior up move : look for fake sell moves and a longer wicked final low touching bar.

We see many examples of this in Jarroo`s charts, where he shows a consolidation box on a higher timeframe, and then this kind of action even more precisely demonstrated on a smaller timeframe.

=================

It´s hard to catch up on all posts, great to watch videos as well !

Thank you to jarroo, mbqb11, ghous et.al.

Good trading to all .





_______________
michael
Be like water.
  • #88,027
  • Feb 4, 2011 6:44am Feb 4, 2011 6:44am
I've entered on candle no. 3 after 50% RET on candle no.2.

I'm pretty close to an RN but candle1 is sitting on a PPZ (previous daily close) and shows PB on the 4hr TF.

any comments? Thanks in advance.
Attached File(s)
File Type: csv USDCHF1440.csv   116 KB | 313 downloads
  • #88,028
  • Feb 4, 2011 6:49am Feb 4, 2011 6:49am
Quoting nasir.khan
For some people its EGO,

But again it wont hurt if u read first 200 pages and summaries first,.. before asking whats a BRN.
.

LOL or just book mark Pinbars sig http://www.forexfactory.com/showpost...ostcount=87448
  • #88,029
  • Feb 4, 2011 6:54am Feb 4, 2011 6:54am
Quoting useless
I've entered on candle no. 3 after 50% RET on candle no.2.

I'm pretty close to an RN but candle1 is sitting on a PPZ (previous daily close) and shows PB on the 4hr TF.

any comments? Thanks in advance.
Hey U, try right-clicking the chart and select 'Save As Picture...'

-- Danny
  • #88,030
  • Feb 4, 2011 7:02am Feb 4, 2011 7:02am
Great video Ghous..I think that will help a lot of people.
  • #88,031
  • Feb 4, 2011 7:09am Feb 4, 2011 7:09am
Quoting msmarple
Ghous, thank you very much !

From my experience another question might arise whilst we are watching price inside this consolidation area : in what direction will the breakout happen ?
Great post Michael

It took me a while to realise who was pushing the market, and what they might be thinking.

On another note, I closed my trade on 1.34 failure
Attached Image (click to enlarge)
Click to Enlarge Name: h1.jpg Size: 90 KB
  • #88,032
  • Feb 4, 2011 7:20am Feb 4, 2011 7:20am
Nice setup on E-G, one of the members posted this setup I don't recall who it was, but anyway well done
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 283 KB
Pipcrawler
  • #88,033
  • Feb 4, 2011 7:25am Feb 4, 2011 7:25am
Quoting xmzhang
Nice setup on E-G, one of the members posted this setup I don't recall who it was, but anyway well done
Is doing well but the NFP might ruine it,will see soon.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp pinbar.gif Size: 19 KB
  • #88,034
  • Feb 4, 2011 7:28am Feb 4, 2011 7:28am
Quoting madboy
Is doing well but the NFP might ruine it,will see soon.
Got Bloomberg on?
  • #88,035
  • Feb 4, 2011 7:29am Feb 4, 2011 7:29am
Quoting Ifmyante
Got Bloomberg on?
CNBC
  • #88,036
  • Feb 4, 2011 7:38am Feb 4, 2011 7:38am
Quoting madboy
CNBC
Still in?
  • #88,037
  • Feb 4, 2011 7:42am Feb 4, 2011 7:42am
Quoting 5.25
Agreed. I'm liking the way EURUSD's weekly pin is shaping up.
Is it looking good now ? .
Nice move on nfp. They ate all the liquidity from above... Managed to fade the e/u spike. GU BEOB triggered , now lets see how far it will go.
  • #88,038
  • Edited 7:58am Feb 4, 2011 7:44am | Edited 7:58am
Quoting madboy
Is doing well but the NFP might ruine it,will see soon.
Yes, I've closed my position one hour ago when price hit the daily floorpivot @
8475, don't want any positions open when NFP kicks in. So just a hit and run trade here.
Pipcrawler
  • #88,039
  • Feb 4, 2011 7:48am Feb 4, 2011 7:48am
Quoting Ifmyante
Still in?
Yes,it's a good setup and worth the risk,maybe that 8h pin on GU will save my equity if this goes wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd target.gif Size: 19 KB
  • #88,040
  • Feb 4, 2011 8:16am Feb 4, 2011 8:16am
Out of both trades now.

g.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurcad.png Size: 25 KB
Click to Enlarge Name: euraud.png Size: 24 KB
I believe . . .
40 traders viewing now