james16 Chart Thread

We are all here to help one another bud.

i sincerely hope you go thru the vids as many times as possible untill the light is lit and its engraved in your being.

This business as tricky as it may be , it is quite predictable.

Cheers V

Quiet in here today so thought I'd just post some charts with areas of interest for PA that I'm looking at today/this week.

As always, comments/criticism appreciated

SG

even on lower TF,the 150ema and 365ema are still amazing .great .

easy break out trade on weekly basis with 200 pip boom.....

to be honest guys....we got such a lot pairs and most of you or most on htis fourm just wanna stick on eu,cable and some others....why dont trade all pairs ?

i promies that there's one safe trade (90 % +) a day which gives you enough pips....


take it easy ...only trade premium setups...


will post more possible setups later...

regards
Jonas

You won't find many professional retail traders that will take 1,000 pips in a move regardless of how easy it looks on the chart.

In my opinion, most of those traders that are making a living EXCLUSIVELY from trading (and trading their own accounts) will take smaller chunks out of the market.

Those that are likely to catch a 1,000 tick move are either those that are trading pennies (or cents) and really don't care about the outcome because the money means nothing OR hedge fund traders that receive the same salary regardless of whether they try to catch a big move and give back half their profits.

Hi Jonas,
some people have to do something else than just monitor all the market....they have to work, to care about families, houses, etc.
I can manage to watch 6 pairs and that's all. And I'm not sorry for it.
happy trading.
Jarda

Hey Wizard,do you still have this order on?

Well...in my opinion you just need to open a daily frame....draw 3-4 horizontals, 2 trendlines ,check the major trend and search for possible major supply and demand levels.
Youll need about 1 hour for 25 pairs and to spot the best trades.

anyway its up to everybody him/herself.

Yup, agree.
I do it the same way, but on H4.

I take it the suggestion with both of these methods is to enter with good PA at the levels?

some heads ups....

alright, here we go :

EURUSD : we have some major resistance levels between 4575 - 4725 and 4961/1.5000 . the Euro is currently in a sick uptrend while the dollar is being sold all over the table.
pressure is obv. to the upside but uptrend might calm down a bit due huge resistance levels (remember 3440 and 3500 level).
Me personally dont take any swing trade here right now....there are far better onces...see below

GBPUSD: pretty swingie moves this year so far. Bearish week followed by bullish one followed by bearish one and so on....hmm if ao.o asks me whats the overall trend on cbale i tend to say that it is in consolidation right now...doesnt matter which timeframe im observing, i cant find any good trade setups , major levels or s.th else.....this is a pair to leave aside for the moment...

AUDUSD: hunting for new history highs.... dont like to trade the Nirvana.Longs from last histo high would be the best move.... approx. 1000 pips starting from september last year....anyway dont jump onto a running train... i dont trade this BS until we see some huge correction toward all majors.

AUDCHF: pretty pretty interesting pair right now.PA went into demand and reacted quiet early compared with previous actions at this demand zone. would've been a good buy, i missed it.

CHFJPY: if you didn't bought the breakout at 91.50 level.....well....bummer ^^ sidelined atm.

EURCHF: paradise for the elliot wave counters below us.... price reacted at Trendline and dropped for approx. 200 pips, dont see any safe trade setups here.

EURGBP: on its way to 0,8940.... might be good spot for some shorts selling very high... 30-50 pips with high probability to hit those..stops just above previous high from october last year. buy above for swing trade.....euro rocks.

USDCAD: descending triangle on weekly chart. pressure towards demand levels around 0.9455 , 0.9310 and histo low. more likely to drop more than rise up again.

NZDUSD: 4th week in a row where we see strong upmoves. price running for 0.7975 (previous high). histo highs only 300 pips above. this will be much fun comin weeks.

USDCHF: fighting with histo lows.... dont like to trade the Nirvana....lets see


trade what you see - never fade the trend !

i made my year with jpy pairs....free cash all over the table....it rly is that easy....

over n out
Jonas.

What I do is looking for a brakeout of some level (S/R, Round N., Last High/Low, trendlines, Fibo....the more in confluence the better.) and retest. These setups are very profitable. I often don't wait for price action confirmation and enter at retested level.
J.

Yes I do for now but the fact that 1.3040 is now become a significant H1 resistance means that's going to be the likely target.

madboy

Thanks

Useful and simple charts, thanks.

Ok, interesting. Thanks for the reply

back to resistance level..... support ---> resistance ? check it out with a high r:r trade

sell limit 0.9355

good spot to sell some with stops above highs

there are no easier trading setups than ones like this ....