james16 Chart Thread | Page 4506 | 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

  • #90,101
  • Feb 24, 2011 3:54pm Feb 24, 2011 3:54pm
i think someone already posted the aud/nzd chart.
this one is daily. seems like 1.3500 - 30 is a good resistance-area.
any comments appreciated...
Attached Image (click to enlarge)
Click to Enlarge Name: an10.gif Size: 22 KB
meine augen sind die sterne
  • #90,102
  • Feb 24, 2011 4:42pm Feb 24, 2011 4:42pm
Quoting aserbfx
i think someone already posted the aud/nzd chart.
this one is daily. seems like 1.3500 - 30 is a good resistance-area.
any comments appreciated...
It's the top of the market, so it's hard to say.
There's a massive BUOB forming on the weekly.
Volumes are dropping slightly due to the uncertainty.
You'd imagine it'll bounce initially, but who knows how far?
Want strong PA either way
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 94 KB
  • #90,103
  • Feb 24, 2011 4:53pm Feb 24, 2011 4:53pm
Quoting Dan Gilbert
Having a hard time running today.
Hey dan

Not criticising your trading/approach but on this setup what were your thoughts about the huge bearish bar just before the pin? Only reason I ask is that one of my rules is that PA bar has to be larger than previous bar(s).

Just interested in what your thought processes on this one was?

best

Kal
  • #90,104
  • Feb 24, 2011 5:07pm Feb 24, 2011 5:07pm
Quoting jarroo
Yes, that's right. That is confirmation (proof) that its still acting as Resistance . .no close above.

It has more of a Pinnish look then a dojish look. But I would like to see the Close lower then the Open . . .more bearish strength.

Or see Price close below the 1.6100 PPZ level with some Bearish PA . .or of course, some Bullish PA at this confirmed Support level.
Looks like price broke through 1.6100 and closed just below the 1.6000BRN on the daily. The 4h chart shows this quite nicely.

I wonder if the 1.6000BRN will show much strength as resistance now or whether the daily close was too weak for that to happen?

Not that I'm promoting Pinnish Dojish looking things or anything.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 13_gbpaud d.jpg Size: 139 KB
Click to Enlarge Name: 12_gbpaud 4h.jpg Size: 150 KB
  • #90,105
  • Feb 24, 2011 5:40pm Feb 24, 2011 5:40pm
Quoting Kalbar
Hey dan

Not criticising your trading/approach but on this setup what were your thoughts about the huge bearish bar just before the pin? Only reason I ask is that one of my rules is that PA bar has to be larger than previous bar(s).

Just interested in what your thought processes on this one was?

best

Kal
I think any decent buffer keeps you out of this one(if you play the break ). If not BRN allows a good place to cut out and move on

Mike
  • #90,106
  • Feb 24, 2011 6:07pm Feb 24, 2011 6:07pm
Helo every one im new here and im a noob trading for 1 year live on a mini account ( i dont like demo ... i found out that i do beter trades live ) ... i guess because i know its real $$$ lol
Folowing this tread for a few weeks nou ... and wanted to ask some thing about ..wich broker has the best feed and one member allready answered my question hehe So thank you Thierry

Quoting Thierry
Supreme,

Not missing this trades helps for me doing this:
Take 4 feeds (i have: fxpro, mbt, alpari and ibfx) with all 4h charts i want trade.
Every hour i have a new 4h close, 5 minutes before the close of the bar i open the feed en watch very quick to see some nice PA. I repeat that trough the day every hour.

I think a lot of people doing this
Basicly i know the basics but im still a noob in this PinBar - candlestick paterns trading ..so it would be nice if you bare with me if i ask some silly questions ... i did try to read from the start but there is like 100k posts ... and i barely keap up with the ones that get posted every day .

enough of introduction ... my last 3 trades using pin bar + S/R + fib retracment ...

first on 50 fib..ret..+ pin bar on 1h chart
second on 23% fib ...could take 50 pip profit was greedy and to late with close so just 8 pips but still beter than -8
thirth was because it respected resistnace and had nice stron bearish move ... all toogether 200+
I hope im doing this pin bar trading wright and its not beginers luck lol
and i need to learn how to post charts inside posts instead as attachments

sory for english my second or third language ....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4h.jpg Size: 152 KB
Click to Enlarge Name: 1h.jpg Size: 157 KB
  • #90,107
  • Feb 24, 2011 6:19pm Feb 24, 2011 6:19pm
Quoting FxPrelude
Helo every one im new here and im a noob trading for 1 year live on a mini account ( i dont like demo ... i found out that i do beter trades live ) ... i guess because i know its real $$$ lol
Folowing this tread for a few weeks nou ... and wanted to ask some thing about ..wich broker has the best feed and one member allready answered my question hehe...
Hey Prelude

Welcome to the thread. It is a big one for sure, but just work through what you can specifically James16 posts and you will only get better

You are off to a good start. I like your first pinbar on the one hr chart the best. Nice size, nice space(you will begin to read on this later) and retracement level. Gives the best chance to move higher to the marked blue areas(which it looks like you had marked too which is great). Second pin is a bit small so playing it very tight if you are going to is definitely the way to go. I had trouble spotting your 4hr setup you did

Again welcome and nice first post

Mike
Attached Image (click to enlarge)
Click to Enlarge Name: a2.gif Size: 23 KB
  • #90,108
  • Feb 24, 2011 6:28pm Feb 24, 2011 6:28pm
had a realy nice entry on Aud/Usd ... but because im a noob and after a year of trading i still have in my head that any thing is posible in this market and i get scared from time to time and take smal profit lol

green was the entry ... red stop loss ...
could that bar still be considered as a pin bar ?
Attached Image (click to enlarge)
Click to Enlarge Name: aud.JPG Size: 49 KB
  • #90,109
  • Feb 24, 2011 6:37pm Feb 24, 2011 6:37pm
Hi and thank you Mike ... the 4h was allso Gbp/usd ...on the 1h i just show why i took the signal ... tough the second trade i allso took in consideration the signal from MBT feed 4h time frame had some thing close to pin bar lol

thats that strugle ...with those charts would have to post 3-4 diferend charts for 2 trades taken ... because brokers cant have the same feed lol
  • #90,110
  • Feb 24, 2011 6:44pm Feb 24, 2011 6:44pm
Quoting ghous
Wow. I didn't even see it. I was probably too engaged with the 1.52 and my weekly short. lol

Looks more like a part of 'PBT&CB + pull back' drama.

g.

I saw it for sure. .. .I thougt it was going to trigger a retrace to its 1st target, the 1.52. But to no avail, too much momentum to the down side on this bad boy . .
Indicators show the past. Price Action "Indicates" the future.
  • #90,111
  • Feb 24, 2011 6:56pm Feb 24, 2011 6:56pm
Quoting mbqb11
Hey Zoomie

PBT= Price Breaks Through

TT = Touch Trading

CAor B = Closing Above or Below

I see you added a few

FTA = First trouble area

STA = I am guessing second trouble area, but have not used that one myself

It can be like a brand new language

Best
Mike

YRM on the STA.


(You're Right, Mike)


lol
Indicators show the past. Price Action "Indicates" the future.
  • #90,112
  • Feb 24, 2011 7:08pm Feb 24, 2011 7:08pm
Quoting Sgrb1
Seems convincing...

I like it, Srgb. although the target(s) look pretty tight. Size could be BOLDER ..

I like the story on the Weekly . .Previous bar High on the Weekly BUOB that coincides with a clear PPZ level.

Its got a chance.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aj25w.jpg Size: 102 KB
Click to Enlarge Name: aj25wd.jpg Size: 104 KB
Indicators show the past. Price Action "Indicates" the future.
  • #90,113
  • Feb 24, 2011 7:25pm Feb 24, 2011 7:25pm
Quoting 5.25
Looks like price broke through 1.6100 and closed just below the 1.6000BRN on the daily. The 4h chart shows this quite nicely.

I wonder if the 1.6000BRN will show much strength as resistance now or whether the daily close was too weak for that to happen?

Not that I'm promoting Pinnish Dojish looking things or anything.

Yeah, if that PB had its Close below the 1.61 I would be all over it.

Look how many times Price acted as Resistance at the 1.61 once PBT&CB it. Talk about a tight stop loss at that level . .nice.

The 1.6 doesn't look like anything history wise . .but the 1.5950 has a great history . .which is currently acting as Support. That's the level to watch . .imo.
Attached Image (click to enlarge)
Click to Enlarge Name: ga25z.jpg Size: 102 KB
Indicators show the past. Price Action "Indicates" the future.
  • #90,114
  • Edited Feb 25, 2011 1:42am Feb 24, 2011 7:41pm | Edited Feb 25, 2011 1:42am
Quoting Kalbar
Hey dan

Not criticising your trading/approach but on this setup what were your thoughts about the huge bearish bar just before the pin? Only reason I ask is that one of my rules is that PA bar has to be larger than previous bar(s).

Just interested in what your thought processes on this one was?

best

Kal
I'm not Dan . .but I can give you some reasons why I like it.

It has to do with its location . .I agree with you Kal, that the PB could be much bigger but this area of previous Resistance (top of consolidation) was broken through by Price . It now as a good chance of turning into Support. The bullish PB (albeit a small one) may be the confirmaton that this Support level is forming or has been formed.

So it has more to do with its Location then the PA formation.

Edit: forgot to mention the BRN 750.00.
Attached Image (click to enlarge)
Click to Enlarge Name: wheatww.jpg Size: 104 KB
Indicators show the past. Price Action "Indicates" the future.
  • #90,115
  • Feb 24, 2011 8:22pm Feb 24, 2011 8:22pm
Quoting jarroo
If the consolidation continues, no problem.

Donkey caught a piece of this at Resistance.
Still watching this one..I see some divergence on daily..It would take a huge bullish candle with a close above 9500 - as current down move looks very strong - 9 of last 10 candles are red. I wouldn't mind a pullback to 9500 next week and a nice bearish bar either.
Attached Image (click to enlarge)
Click to Enlarge Name: wpg32.gif Size: 22 KB
  • #90,116
  • Feb 24, 2011 8:49pm Feb 24, 2011 8:49pm
Quoting Donkey
Still watching this one..I see some divergence on daily..It would take a huge bullish candle with a close above 9500 - as current down move looks very strong - 9 of last 10 candles are red. I wouldn't mind a pullback to 9500 next week and a nice bearish bar either.
Nice D, here was the one I put up. Sure is got a lot of areas to watch, beautiful stuff
Attached Image (click to enlarge)
Click to Enlarge Name: a2.gif Size: 22 KB
  • #90,117
  • Feb 24, 2011 8:56pm Feb 24, 2011 8:56pm
Quoting FxPrelude
had a realy nice entry on Aud/Usd ... but because im a noob and after a year of trading i still have in my head that any thing is posible in this market and i get scared from time to time and take smal profit lol

green was the entry ... red stop loss ...
could that bar still be considered as a pin bar ?
Hey Prelude,

Welcome to the thread.. before learning everything seniors teach you over here.. I did exactly the same as you say.. I took a trade, had 100 pips risk.. price moved 20 pips, 30 pips, 40 pips then came back and I would get scared and exit with 20 pips then see that the trade gave 100pips ..

As you learn, you'll have more confidence in your trading and you will have less fear when you´re in a trade.

Here you have great people that will help you improve your trading.

Os.
Trade Smart
  • #90,118
  • Feb 24, 2011 9:09pm Feb 24, 2011 9:09pm
Quoting mbqb11
Nice D, here was the one I put up. Sure is got a lot of areas to watch, beautiful stuff
Couldn't agree more. If that box breaks, I think I know where the next support or resistance area might show up
  • #90,119
  • Feb 24, 2011 9:45pm Feb 24, 2011 9:45pm
Quoting Donkey
Still watching this one..I see some divergence on daily..It would take a huge bullish candle with a close above 9500 - as current down move looks very strong - 9 of last 10 candles are red. I wouldn't mind a pullback to 9500 next week and a nice bearish bar either.

Looks good . .D


Monthly Boxes Rule!!


Jim
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj25.jpg Size: 94 KB
Click to Enlarge Name: nu25.jpg Size: 93 KB
Click to Enlarge Name: ej25.jpg Size: 111 KB
Indicators show the past. Price Action "Indicates" the future.
  • #90,120
  • Feb 24, 2011 11:57pm Feb 24, 2011 11:57pm
Quoting mbqb11
Yep that's correct C,

The breakout trade had and entry right above those highs, a stop loss at 133 and my Take profit was at 134.8

I play it straight from the daily as a pure breakout

Best
Mike
Thank you Mike. Sorry for the late response.

So you took a long off 02/15 bar.. which broke multiple highs. I was thinking you were talking about short based on 02/22 bar, which is off from 135.

So you didn't wait for the daily bar to close for this trade, right ? As you said it is pure break-out trade not a PA trade on retracement.
31 traders viewing now