james16 Chart Thread | Page 4421 | 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

  • #88,401
  • Feb 8, 2011 4:05pm Feb 8, 2011 4:05pm
Quoting Kalbar
Hi guys

I am not seeing any decent setups on the dailies tonight, just wondering if anyone else has spotted something? Always helps to have an extra pair of eyes or two on proceedings!!

Thanks

kal
personally, I am not seeing anything, it would be interesting to hear from Mike, or if possible he can post a trade set up after he completes it ??

Pat
  • #88,402
  • Feb 8, 2011 4:13pm Feb 8, 2011 4:13pm
Quoting Patrick.
personally, I am not seeing anything, it would be interesting to hear from Mike, or if possible he can post a trade set up after he completes it ??

Pat
Hey Pat

I posted this one on the previous page

http://www.forexfactory.com/showthre...64#post4382164


Best
Mike
  • #88,403
  • Feb 8, 2011 4:22pm Feb 8, 2011 4:22pm
Quoting mbqb11
Hey Pat

I posted this one on the previous page

http://www.forexfactory.com/showthre...64#post4382164


Best
Mike
O yes i saw that, was looking for forex I see the concept though
  • #88,404
  • Feb 8, 2011 4:46pm Feb 8, 2011 4:46pm
Quoting Patrick.
O yes i saw that, was looking for forex I see the concept though
Forex, gold, all the same thing

Best
Mike
  • #88,405
  • Feb 8, 2011 4:49pm Feb 8, 2011 4:49pm
Quoting unlv_tj
I have heard about them, I was thinking they were just offering CFD's, I guess not.

Is their charting package pretty good?
Try Thinkorswim (TD Ameritrade).
  • #88,406
  • Feb 8, 2011 5:42pm Feb 8, 2011 5:42pm
Quoting mbqb11
Forex, gold, all the same thing

Best
Mike
Mike do you trade stocks or futures?
  • #88,407
  • Feb 8, 2011 6:16pm Feb 8, 2011 6:16pm
Quoting unlv_tj
Mike do you trade stocks or futures?
Hey TJ

Just fx and gold/silver

Mike
  • #88,408
  • Feb 8, 2011 6:20pm Feb 8, 2011 6:20pm
USD/JPY is looking bearish at the PPZ.

I am interested in seeing how this plays out.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 177 KB
Click to Enlarge Name: d.jpg Size: 205 KB
  • #88,409
  • Feb 8, 2011 6:46pm Feb 8, 2011 6:46pm
Quoting Pinbar
USD/JPY is looking bearish at the PPZ.

I am interested in seeing how this plays out.
You are a prolific poster pinbar and you seem to have gotten the forex jargon down pat but how does all this help you trade and make money?You seem to state the obvious with all this PBT&CA stuff but I see no real evidence that it is of any value.In my humble opinion you are dramatically over analysing everything and ultimately this hinders simple trading of PA.I frequently refer to Jim's videos and the simplicity of his method is what it's all about in my book.Just look at how he draws a PPZ, it doesn't require a degree in architecture.I also think looking for a set up once it has occurred is better than hoping something might happen which is what I often see you do.A good example is with the charts you have just posted,yes there is a pinbar in the weekly but nothing on the daily so why not restrict your attention to that set up and find a reason to take the trade or not.
Please don't be offended by my comments but I like to keep things simple and your posts/charts give me a headache.I know I don't have to read them but I think you are putting in a supreme effort and you deserve to succeed so maybe don't complicate things so much.
  • #88,410
  • Feb 8, 2011 6:47pm Feb 8, 2011 6:47pm
Yeah, me too.
I have a buy stop order at 82.55. This would correspond to price breaking out of the wedge channel and would be more of a TT this one.
However the previous green bar in your pic resembles a IPB topping at BRN 82 and could very well indicate impending bearish movement.
Well if it is not up, then down........................that is a fact


Quoting Pinbar
USD/JPY is looking bearish at the PPZ.

I am interested in seeing how this plays out.
  • #88,411
  • Feb 8, 2011 6:55pm Feb 8, 2011 6:55pm
Quoting bluetrader
Turns out I missed this touch by 1/2 pip! Maybe I'll get a second chance at going long tonight...
This turned out good for about 300 pips. I marked with yellow lines how I trailed out of this position (at bar close). Max drawdown after entry was about 10 pips.

Simple support/resistance, I'll wait weeks for setups like these.

-- Danny
Attached Image
  • #88,412
  • Feb 8, 2011 7:15pm Feb 8, 2011 7:15pm
Quoting edge540
You are a prolific poster pinbar and you seem to have gotten the forex jargon down pat but how does all this help you trade and make money?You seem to state the obvious with all this PBT&CA stuff but I see no real evidence that it is of any value.In my humble opinion you are dramatically over analysing everything and ultimately this hinders simple trading of PA.I frequently refer to Jim's videos and the simplicity of his method is what it's all about in my book.Just look at how he draws a PPZ, it doesn't require a degree in architecture.I also think...

Hi, Edge

Well, you could be right with the over analysis over multiple time frames.

One thing I do not agree with in your post is the PBT&CA or B, being of no value. And the reason, I am keeping up with this is because, I am trying to find areas where we are highly probably to see PA setups, instead of after the fact.

Thanks for your rather abrasive input.

I shall reduce my posting and visitation of this thread, don't want to offend anyone else.
  • #88,413
  • Feb 8, 2011 7:34pm Feb 8, 2011 7:34pm
Quoting Pinbar
Hi, Edge

Well, you could be right with the over analysis over multiple time frames.

One thing I do not agree with in your post is the PBT&CA or B, being of no value. And the reason, I am keeping up with this is because, I am trying to find areas where we are highly probably to see PA setups, instead of after the fact.

Thanks for your rather abrasive input.

I shall reduce my posting and visitation of this thread, don't want to offend anyone else.
Hey Pin, I'm a fan of your posts and although I understand edge's point, everyone learns PA differently... and we all communicate differently.

I much prefer your detailed posts over someone who never posts and doesn't share their findings (not referring to edge). I truly believe this is part of your learning curve and we all learn differently. How many newbies (including myself) learn from your posts? How many newbies learn from those that don't post at all? Think about that next time you feel you don't want to post.

I vote that you keep posting PB. Just my humble opinion.

-- Danny
  • #88,414
  • Feb 8, 2011 7:50pm Feb 8, 2011 7:50pm
Quoting Pinbar
Hi, Edge

Well, you could be right with the over analysis over multiple time frames.

One thing I do not agree with in your post is the PBT&CA or B, being of no value. And the reason, I am keeping up with this is because, I am trying to find areas where we are highly probably to see PA setups, instead of after the fact.

Thanks for your rather abrasive input.

I shall reduce my posting and visitation of this thread, don't want to offend anyone else.
PB. I like your posts and the exchanges you have with Jarrroo. It adds value to this thread. Please continue to post the way you are doing now.
  • #88,415
  • Feb 8, 2011 7:50pm Feb 8, 2011 7:50pm
Quoting bluetrader
This turned out good for about 300 pips. I marked with yellow lines how I trailed out of this position (at bar close). Max drawdown after entry was about 10 pips.

Simple support/resistance, I'll wait weeks for setups like these.

-- Danny
One word. A-W-E-S-O-M-E!!! :

g.
I believe . . .
  • #88,416
  • Feb 8, 2011 7:52pm Feb 8, 2011 7:52pm
Hey pinbar you certainly don't offend me so don't take my post too personally.Remember this forum is not actually in the real world and none of us are likely to ever meet so you need to lighten up mate.
  • #88,417
  • Feb 8, 2011 8:05pm Feb 8, 2011 8:05pm
Quoting bluetrader
This turned out good for about 300 pips. I marked with yellow lines how I trailed out of this position (at bar close). Max drawdown after entry was about 10 pips.

Simple support/resistance, I'll wait weeks for setups like these.

-- Danny
an honest weeks work
  • #88,418
  • Feb 8, 2011 8:08pm Feb 8, 2011 8:08pm
Quoting edge540
Hey pinbar you certainly don't offend me so don't take my post too personally.Remember this forum is not actually in the real world and none of us are likely to ever meet so you need to lighten up mate.


First, you attack my posts, then you attack the stuff Jarroo has been teaching us and my endeavors to learn it.

Then, you are telling me to "Lighten up"???????

Is there something SERIOUSLY wrong with you?

I didn't realize you were the moderator of this thread, are we now going to have to ask your permission before posting?

Now, I am rather
  • #88,419
  • Feb 8, 2011 8:33pm Feb 8, 2011 8:33pm
Quoting edge540
You are a prolific poster pinbar and you seem to have gotten the forex jargon down pat but how does all this help you trade and make money?You seem to state the obvious with all this PBT&CA stuff but I see no real evidence that it is of any value.In my humble opinion you are dramatically over analysing everything and ultimately this hinders simple trading of PA.I frequently refer to Jim's videos and the simplicity of his method is what it's all about in my book.Just look at how he draws a PPZ, it doesn't require a degree in architecture.I also think...
You probably have no idea what PA is or you have never felt like going through Steve's charts/posts maybe just because of the phobia you have developed with them.

What's so hard to grasp in support turning into resistance and resistance turning into support in relation to bar close, if you know James' stuff and have gone through his videos? That's what we do and teach here, and Steve has done a splendid job in deciphering pairs for these characteristics.

He is taking the pain to learn and teach what he learns simultaneously. He works on those charts before he presents them up so the rest can learn.

As far as we are learning, everything's just fine and totally recommended. If you had so much of a concern with Pin bar's charts, jeez you could have just pmed him with a nice and polite suggestion instead of bashing his methods of chart reading (erroneously) in public.

Nothing will stand in the way of newbies and their learning at this thread.

g.
I believe . . .
  • #88,420
  • Feb 8, 2011 8:41pm Feb 8, 2011 8:41pm
Quoting Pinbar
First, you attack my posts, then you attack the stuff Jarroo has been teaching us and my endeavors to learn it.
...
Now, I am rather
dont be, Steve.
take it as a constructive comment, whether or not it is.

everybody learns differently
everybody forms an affinity with/towards certain trading styles.

i believe your trading style/preference is forming, so i guess u should continue to embrace it.
if u feel it is for u, if u feel it 'talks to u', if u feel it's beneficial for u, then embrace it continually, regardless of what other people say.

u might be overanalyzing some stuff, but that doesnt mean that everything Sir edge said is true of u. actually, i believe u know which part of his post is true or not.

take everything in stride. this is a public forum.
many posts are either abrasive or misinterpreted (due to language/cultural difference)


THREAD POLICE ALERT!
hey edge,
your last post was hitting below the belt. i'll make sure Sir Twee take care of that post.
32 traders viewing now