james16 Chart Thread

done. as expected...
thanks for the cooperation.

Your stock setups make me a little jelous as I cannot trade them...
But at least I can watch yes

Agreed. I'm on the hunt to get me some of this action.

Recommendation on brokers most welcome.

german gerry weber on weekly.
next target will be rn 40 eur.
friday close was very strong closing near at dayhigh.

To the folks trading stocks, learn about options trading and how you can help limit your risk down and help yourself avoid the pain of the gaps that occur in the stock market.

if i remember correctly, a few here like aserbfx & joelcf use Interactive Brokers.

yes, i do.

software ag can gain positive momentum above 120 eur.
weekly chart. very strong uptrend. friday closed near the high.

Hi jarroo..
is this IB setup worth tradeble??
yes we hav 1.49 RN n swing low..
but my concern is the strong bearish momentum given the last's week BEOB n IB looks weak in front of it..

Another chart,i have been thinking of this BEOB on CHFJPY..yes it got CB 88.00RN but big concern 87.77..
I thought a lot about it but i need ur help!

Hi Avanish,

regarding the CJ, the bar is quite strong (it engulfs the 2 previous bars), but, as you pointed out, the close is not below that PPZ at 87.75 - look at how price reacted well in the recent past -.
Personally I would wait until next Monday to see what will happen: only if it will close strongly and in a convincing way below 87.75, I would trade it (after a re-test of this level, turned into resistance again).

Just my 2 pips
B.

french cgg veritas on weekly.
breakout on high volume. breakout happened on friday with a gap up. therefore a retrace to the 25 eur seems likely. this would give the chance to a more conservative entry.

Heidel moved exactly to the next PPZ and retraced back

Sharing some stuff for the newcomers (Aussie dollar daily chart).
Green pips to everyone.
++

break to the upside is also a possibility. Really like how this is consolidating in that wedge

Hi everyone, came accross this thread by pure luck and am I glad I did! First off a big thanks to James et al for this. I am only on page 100 and odd so far and working my way through slowly trying to take in all the info! Has totally changed they way I look at things and is nice and makes a BIG change to be amongst people who dont appear to have their own motives and agenders in what they post etc. Anyhow before I wonder off track! Just a big, big, thanks to all and esp James and senior posters and all contributors. Ok, where I am at, blown a few very small accounts did alright and then made a few silly calls. Am now, after reading this thread, on a demo account before I blow any more hard earned cash. It all makes so much sence to me and the mindset which is needed to succeed and the way that things should be looked at and the way in which the whole 'business' should be approached. Anyhows, posted below is chf/jpn daily and weeklys (sorry if already posted up recently!) If i am reading it correctly and got my lines in the right place we should be looking at going short? As I see it pinbar on weekly and DTLC on daily. Are we looking at a retrace to the recently broken downward wedge or lower (as PA suggests by the weekly pin and DTLC), or would this be seen as a breakout trade from the long running wedge and should I be looking for PA to confirm the old resistance of the wedge is now providing new support and look for a continuation of the upward trend following a short term retrace to wedge line? (or should i just erase the wedge line and work on the PA alone lol) Just like some input/ideas and to see if I am getting the idea of this? I am minded to place a short on break of daily DHLC and TP around wedge line and look to go long from there should it hold and provide resistance. All comments good or bad appreciated. Many thanks and have a good w/end everyone!

french ppr on weekly (ppr) and daily (pp2r).
good touch trade opportunity. although this is running into some traffic, i think we will see the 120 eur very likely.

That is one beautiful trade floppy. I'd say that bar is tradable, but looking at the momentum to the downside you caught, I'd be tempted to keep the short open with a tight S/L above that pin bar. That pin par could be just late week profit taking.

Beautiful trade ...

AUDNZD looks to be one to watch next week...

Nice looking set up on gpb/usd but i didnt enter it because it was friday and ... i dont like having open positions ower week end ...

Tough im still not shure if it will work out because of the daily ... coz we have two double tops and one the second price failed two times to break tru resistance and the profit taking at the end of the week ... but the pin bar looks good to me + of the 20 ema and respecting the trend line .
On the 4h its just like a text book trade .... beautiful pin bar with long wick + 150 ema + trend line + 618% fib retracment ...

any other toughts ?

Hey C

Yep you got it. Location doesn't matter as much but it helps in deciding how to properly manage the trade. I won't trade directly into a BRN, but I will trade a breakout above a BRN if they are clustering under it. By the nature of it there should always be some space as the bar highs or lows will be capping price at a certain level. The buffer I usually is roughly 10-15 pips on most timeframes as I want to play the immediate breakout.

Best
Mike

yep agreed, I would let the market take me out on that type of scenario

Mike