james16 Chart Thread | Page 4590 | 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

  • #91,781
  • Mar 16, 2011 8:05pm Mar 16, 2011 8:05pm
Quoting Donkey
I've been watching GBPCHF quite a bit the last couple of weeks - hoping it would climb back up to the 1.5400 area. Looks like that is not likely at the moment. A daily close below 1.4900 would be nice to see. A lot of room to the down side and a nice consolidation area above 1.5000 for resistance....should be fun to watch this week.
Well i missed the south bound train of that H-N-S on GC. Never got a pullback to the neckline for a daily entry and price just dropped. Looks like there may still may be more room to 4200 based on the pattern so I'll be looking for PA at 45-4600.

Hate that I missed it, but there will be more opportunities. Did anybody catch a piece of the move?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: wpg64.gif Size: 20 KB
Click to Enlarge Name: wpg64a.gif Size: 20 KB
  • #91,782
  • Mar 16, 2011 8:07pm Mar 16, 2011 8:07pm
Quoting Be Cool
Thanks for clearing it up, Jim Still trying to grasp the concept ..


HCR and LCS is just a way of defining PPZ levels and Support & Resistance levels, like at the tops and bottoms of consolidation areas. Nothing more, nothing less. Its like a boundary level where Price could not close above or below. . .so when Price does close above or below it . I take notice.


Take a PPZ level for example . .Let me know if this Chart makes sense to you, Be Cool.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdppz.jpg Size: 102 KB
Indicators show the past. Price Action "Indicates" the future.
  • #91,783
  • Mar 16, 2011 8:12pm Mar 16, 2011 8:12pm
Quoting Donkey
Well i missed the south bound train of that H-N-S on GC. Never got a pullback to the neckline for a daily entry and price just dropped. Looks like there may still may be more room to 4200 based on the pattern so I'll be looking for PA at 45-4600.

Hate that I missed it, but there will be more opportunities. Did anybody catch a piece of the move?

I missed that one, D.

Your Eur/Gbp is hanging tough . .
Indicators show the past. Price Action "Indicates" the future.
  • #91,784
  • Mar 16, 2011 8:16pm Mar 16, 2011 8:16pm
I was watching this weekly BEOB since Sunday. Would it be a wise play if it breaks being its so late in the week?
Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 14 KB
  • #91,785
  • Mar 16, 2011 8:22pm Mar 16, 2011 8:22pm
Gday jarroo as you are a regular poster was wonder if it was possible to put a link to terminology to j16 in ya signature like pinbar ? just makes it easier to have as a reference if not thats ok...cheers.

AUDCAD chart...
Attached Image (click to enlarge)
Click to Enlarge Name: audcad.gif Size: 14 KB
  • #91,786
  • Mar 16, 2011 8:24pm Mar 16, 2011 8:24pm
Quoting trj6911
Gday jarroo as you are a regular poster was wonder if it was possible to put a link to terminology to j16 in ya signature like pinbar ? just makes it easier to have as a reference if not thats ok...cheers.

AUDCAD chart...
Sure I could probably do that, trj.
Indicators show the past. Price Action "Indicates" the future.
  • #91,787
  • Mar 16, 2011 8:26pm Mar 16, 2011 8:26pm
Quoting mbqb11
PA S/R continue to do what we expect

Just gotta be careful not to try to swim upstream without a paddle
Although it was a much choppier consolidation than the cadchf, Gbpaud broke out of pretty well-defined box today as well.
Attached Image (click to enlarge)
Click to Enlarge Name: wpg65.gif Size: 21 KB
  • #91,788
  • Mar 16, 2011 8:29pm Mar 16, 2011 8:29pm
Quoting Donkey
Although it was a much choppier consolidation than the cadchf, Gbpaud broke out of pretty well-defined box today as well.
I put these up , but in essence the same thing. I love these

nice D
Attached Image(s) (click to enlarge)
Click to Enlarge Name: a2.gif Size: 38 KB
Click to Enlarge Name: a4.gif Size: 29 KB
  • #91,789
  • Mar 16, 2011 8:38pm Mar 16, 2011 8:38pm
Quoting mbqb11
I put these up , but in essence the same thing. I love these

nice D
Thanks....so looking at your purple tl, that looks like reverse h-n-s. Is that how you see it? For some reason I see bearish H-N-S pattern a lot easier?

Looks like you played the pin on hourly to the pull back of that TL?
  • #91,790
  • Mar 16, 2011 8:42pm Mar 16, 2011 8:42pm
Quoting jarroo
Sure I could probably do that, trj.

much appreciated ...

gbpnzd
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd.gif Size: 13 KB
  • #91,791
  • Mar 16, 2011 8:47pm Mar 16, 2011 8:47pm
Quoting trj6911
much appreciated ...

gbpnzd
I just gotta figure out how to do it . .lol
Indicators show the past. Price Action "Indicates" the future.
  • #91,792
  • Mar 16, 2011 9:07pm Mar 16, 2011 9:07pm
Quoting jarroo
HCR and LCS is just a way of defining PPZ levels and Support & Resistance levels, like at the tops and bottoms of consolidation areas. Nothing more, nothing less. Its like a boundary level where Price could not close above or below. . .so when Price does close above or below it . I take notice.


Take a PPZ level for example . .Let me know if this Chart makes sense to you, Be Cool.
So a PPZ level need not to be redrawn at t
he recent HCR&LCS?And if we are watching a certain PPZ level we look where the recent HCR&LCS are to see if they add confluence to our existing PPZ?And if nearby HCR/LCS happens to be at different level from our PPZ then we watch to see if PA bar close above/below both our PPZ and HCR/LCS?Thanks
  • #91,793
  • Mar 16, 2011 9:11pm Mar 16, 2011 9:11pm
Quoting ljr
If I may,

IPB stands for Inverted Pin bar not Inside Pin Bar.

Ljr
Thanks Ljr for refreshing my memory, I'll be back in my corner now.

Poncho
" I can read the left side of the chart, the right side's a Bitch!
  • #91,794
  • Mar 16, 2011 9:24pm Mar 16, 2011 9:24pm
Quoting Donkey
Well i missed the south bound train of that H-N-S on GC. Never got a pullback to the neckline for a daily entry and price just dropped. Looks like there may still may be more room to 4200 based on the pattern so I'll be looking for PA at 45-4600.

Hate that I missed it, but there will be more opportunities. Did anybody catch a piece of the move?

4200 easily achievable, possible 4000 based on this monthly PB.

Thoughts appreciated...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF(m).jpg Size: 181 KB
  • #91,795
  • Mar 16, 2011 9:36pm Mar 16, 2011 9:36pm
Quoting poncho1
Hey Ghous,

I always enjoy your posts, but I don't understand why this candle is an IPB. The range is much larger than the previous candle. I recognized the potential setup but wasn't sure about the bar although being larger it had more room to move.

Thanks , Poncho
Hey Poncho,

the IPB stands for Inverted Pin bar and there is no requirement for it to be inside the range of the previous bar.

Like you spotted it was a nice big bar against the 1.4 BRN . . . not close, but at the 1.4 which allows for a real tight stop for a potentially decent move (a little over a 4R one)



g.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 26 KB
I believe . . .
  • #91,796
  • Mar 16, 2011 9:46pm Mar 16, 2011 9:46pm
Quoting ghous
Hey Poncho,

the IPB stands for Inverted Pin bar and there is no requirement for it to be inside the range of the previous bar.

Like you spotted it was a nice big bar against the 1.4 BRN . . . not close, but at the 1.4 which allows for a real tight stop for a potentially decent move (a little over a 4R one)



g.
Thanks for the refresher Ghous, Great stuff buddy,
" I can read the left side of the chart, the right side's a Bitch!
  • #91,797
  • Mar 16, 2011 11:23pm Mar 16, 2011 11:23pm
what happened to my account? didn't expect to break an account so quick, I guess it's time to get back to the basics now. but, there are so many things that I really could not understand well regarding technical aspect of trading. hopefully could learn futher from you guys......
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 6 KB
  • #91,798
  • Mar 16, 2011 11:31pm Mar 16, 2011 11:31pm
Quoting jarroo
Were you able to hang on geniusztc?

Looks like the market conditions have changed, Ifmy but good eye.


Its a classic setup that I look for with confirming PA . .(Charts)
A chart helps those who can read it.
  • #91,799
  • Mar 16, 2011 11:58pm Mar 16, 2011 11:58pm
Quoting jeurre
what happened to my account? didn't expect to break an account so quick, I guess it's time to get back to the basics now. but, there are so many things that I really could not understand well regarding technical aspect of trading. hopefully could learn futher from you guys......
Dude, wow.
From over 10k to zero in less than 10 trades?
Do you use stops? Stops that you know before you enter a trade?
Do you risk less than 2% of your total account on each of your trades?
Basic money management.
  • #91,800
  • Mar 17, 2011 12:07am Mar 17, 2011 12:07am
yeah, that's why i have to go back to the basics, just don't now how to do it properly without sacrifying my edge.




Quoting taub
Dude, wow.
From over 10k to zero in less than 10 trades?
Do you use stops? Stops that you know before you enter a trade?
Do you risk less than 2% of your total account on each of your trades?
Basic money management.
39 traders viewing now