james16 Chart Thread | Page 4718 | 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

  • #94,341
  • Apr 25, 2011 7:52am Apr 25, 2011 7:52am
Quoting mbqb11
VERY nice Bill. Understanding the environment you are in is crucial to being in trades as well as when it's best to sit out(depending on style)

I am watching this pattern to the downside

Best
Mike

I appreciate your input.
  • #94,342
  • Apr 25, 2011 8:44am Apr 25, 2011 8:44am
Watching
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 101 KB
  • #94,343
  • Apr 25, 2011 10:37am Apr 25, 2011 10:37am
http://i54.tinypic.com/bgppjo.gif
  • #94,344
  • Edited 11:08am Apr 25, 2011 10:53am | Edited 11:08am
Quoting biDc
http://i54.tinypic.com/bgppjo.gif
Yes the right way of going about this (as a newbie) was to enter at the break of the pin keeping the SL at the opposite end of the bar, not fretting over a lower R:R in pursuance of consistency by being as conservative as possible.

Bear in mind though that the location was good although not as good as could possibly have been (had the pin bar occurred next to the other higher Swing high as a double top with probable divergence. )

g.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 31 KB
I believe . . .
  • #94,345
  • Apr 25, 2011 10:57am Apr 25, 2011 10:57am
PA bar retracement entry. The left eye in confluence with a RN - a powerful thing.

Can 9550 give in? Anxiously watching . . .

g.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.png Size: 25 KB
I believe . . .
  • #94,346
  • Apr 25, 2011 11:30am Apr 25, 2011 11:30am
Quoting ghous
PA bar retracement entry. The left eye in confluence with a RN - a powerful thing.

Can 9550 give in? Anxiously watching . . .

g.
nice one, 9550 arrived.
Hero calls followed by margin calls...
  • #94,347
  • Apr 25, 2011 12:21pm Apr 25, 2011 12:21pm
Quoting aserbfx
i recieved a couple of PM about my charts, from where i got them and how many hours you need to screens these charts.
i decided to answer them here, so that the whole j16-gang can participate:
i use gci for mt4 charts of main us and european charts;
freestockcharts.com for russell 3000 stocks and
prorealtime for more european charts.
these are all free of charge. you just need to register (for free).
all setups are posted here in the thread. i don't have a signal service, website or anything else.
so in total i check about 5000 charts every weekend....
Hey Aser,
sounds interesting, thanks for sharing.
Does it mean, you scan your charts only on weekends? Do you then watch the marked charts during the week and wait for the appropriate action?
Thanks, regards
kpt
  • #94,348
  • Apr 25, 2011 12:36pm Apr 25, 2011 12:36pm
Quoting kptMisiu
Hey Aser,
sounds interesting, thanks for sharing.
Does it mean, you scan your charts only on weekends? Do you then watch the marked charts during the week and wait for the appropriate action?
Thanks, regards
kpt
no, on weekends i scan the weekly charts, of course.
daily and h4 in the meantime.
meine augen sind die sterne
  • #94,349
  • Apr 25, 2011 12:52pm Apr 25, 2011 12:52pm
Quoting supremeChaos
remember, H4 & below charts are like smaller puzzle pieces of Daily & above.
if u want to look at lower TFs, u have to zoom out (zoom out more as u go lower) to get a good perspective of price's trend.
Got it. Zoom out. Look at the chart from the left to the right. If left is higher then trend is down, otherwise it is up. Keep it simple. I like it.

Quote
to establish a potential reversal of this (& any trend), we should go consolidate further (stop making lower highs & lower lows), then continually make higher highs & higher lows around&through 1.3200 onwards.
Price should take out 1.3200 (previous high) and make higher low before we can say the trend has changed. I see.

Thanks for the enlightment, SC You're been helpful as always
  • #94,350
  • Apr 25, 2011 12:55pm Apr 25, 2011 12:55pm
what do you guys think about the daily PB coming up? your inputs are always valuable.
Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 60 KB
  • #94,351
  • Apr 25, 2011 1:05pm Apr 25, 2011 1:05pm
Quoting mbqb11
i like my breakout patterns to be pretty neat(see gbp/cad weekly I posted the other day)
Thanks Mike
But which post are you referring to?
  • #94,352
  • Apr 25, 2011 1:12pm Apr 25, 2011 1:12pm
Quoting ghous
PA bar retracement entry. The left eye in confluence with a RN - a powerful thing.

Can 9550 give in? Anxiously watching . . .

g.

Hi Ghous, im watching this one too.
If i'm right, we wait for close above 9550, then this will be BUOB.
FTA is 9590-9600.
We have to be ready and able to take a breakeven if price turns against us, like James said.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-d.gif Size: 18 KB
  • #94,353
  • Apr 25, 2011 1:19pm Apr 25, 2011 1:19pm
Quoting yomex_y2
what do you guys think about the daily PB coming up? your inputs are always valuable.
Hey Yomex

Be careful here that bar wouldn't be a pinbar since it is at such a deep swing low. We want that bar to be near a swing high so the nose is sticking out.

Here is an example of a bearish pinbar
http://www.forexfactory.com/showpost...ostcount=56941
http://www.forexfactory.com/showpost...ostcount=56945
and here is a bullish pin
http://www.forexfactory.com/showpost...ostcount=59055

Let me know if that helps
Mike
  • #94,354
  • Apr 25, 2011 1:20pm Apr 25, 2011 1:20pm
Quoting Be Cool
Thanks Mike
But which post are you referring to?
Here ya go

http://www.forexfactory.com/showthre...65#post4566065

Best
Mike
  • #94,355
  • Apr 25, 2011 1:38pm Apr 25, 2011 1:38pm
I know that the bar has not closed and we have to wait until closing, but if it closes as BEOB below 1.07 on AUDUSD and below 0.80 on NZDUSD it will be good setups?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 20 KB
Click to Enlarge Name: nzdusd.gif Size: 21 KB
  • #94,356
  • Edited 2:40pm Apr 25, 2011 1:39pm | Edited 2:40pm
First, I just want to thank the amazing consistent, spot on, clear sighted, sharing, tutoring; using many years of trading experience, from you guys, or girls, quintessential; james, Jarroo, mbqb11, supremeChaos, Bermac, ghous thewizard and others course

One question please,

At a lower time frame,4 hr would a break of USD/CHF AT 8830 be a safe buy target?

Thanking you in advance

LR
  • #94,357
  • Apr 25, 2011 1:58pm Apr 25, 2011 1:58pm
Quoting mbqb11
Hey Yomex

Be careful here that bar wouldn't be a pinbar since it is at such a deep swing low. We want that bar to be near a swing high so the nose is sticking out.

Here is an example of a bearish pinbar
http://www.forexfactory.com/showpost...ostcount=56941
http://www.forexfactory.com/showpost...ostcount=56945
and here is a bullish pin
http://www.forexfactory.com/showpost...ostcount=59055

Let me know if that helps
Mike
many thanks Mike ! i m always inspired by your posts. Guess with more practice, i ll train my eyes to spot them better.
  • #94,358
  • Apr 25, 2011 2:07pm Apr 25, 2011 2:07pm
Quoting ghous
PA bar retracement entry. The left eye in confluence with a RN - a powerful thing.

Can 9550 give in? Anxiously watching . . .

g.
Oh Cool..so u are on this Bull-Hunt..i stopped watching this pair long back but James gave a good explanation about it!

didn't had any position on this but I'm watching it too when James said about it to be either short-term or long-term(counter-trend setup)!
  • #94,359
  • Apr 25, 2011 2:29pm Apr 25, 2011 2:29pm
please whats the full meaning of FTA and RN? Thanking you in advance
  • #94,360
  • Apr 25, 2011 2:36pm Apr 25, 2011 2:36pm
Quoting yomex_y2
please whats the full meaning of FTA and RN? Thanking you in advance
Hi
FTA = first trouble area
RN = Round number

Here is Pinbar's signature, нe did a great job. This will help you.
http://www.forexfactory.com/showpost...ostcount=93498
39 traders viewing now