james16 Chart Thread | Page 4730 | 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

  • #94,581
  • Apr 29, 2011 10:11am Apr 29, 2011 10:11am
Nice one

Love what aserbfx and Plund are doing with stocks!!!!



Quoting aserbfx
decided to enter with a buy limit at yesterday's close. ym was already up +40 points. first price was 85.38 usd. now bdx broke through resistance and is floating at around 86.30 usd.
+1.15 % so far. i take 1/3 off here. stop at break even.
thanks plund.
  • #94,582
  • Apr 29, 2011 10:45am Apr 29, 2011 10:45am
Quoting aserbfx
decided to enter with a buy limit at yesterday's close. ym was already up +40 points. first price was 85.38 usd. now bdx broke through resistance and is floating at around 86.30 usd.
+1.15 % so far. i take 1/3 off here. stop at break even.
thanks plund.
No problem, I think I owe you one or two. I'm in from 85.60, 50 % off at 86,30, stop at be.

pat
  • #94,583
  • Apr 29, 2011 12:07pm Apr 29, 2011 12:07pm
Quoting dmc
Nice one

Love what aserbfx and Plund are doing with stocks!!!!


yeah, some good trading going down there!! well done boys

jon
PATIENCE... DISCIPLINE
  • #94,584
  • Apr 29, 2011 12:07pm Apr 29, 2011 12:07pm
Quoting jeurre
hey, jon, nice drawing, i liked them, your long term trendline and its parallel look like more valid, superb !

jeurre
glad to help bro, cheers


jon
PATIENCE... DISCIPLINE
  • #94,585
  • Apr 29, 2011 12:34pm Apr 29, 2011 12:34pm
so i thought about posting the result from the calls i made last weekend:
acc +3% (weekly high was +5%, just to give an indication about the move after breakout)
adsk +0.5% (weekly high was +1.5%)
cah +1.5% (weekly high was +4%)
ci +1.8% (weekly high was +3%)

hope the setups helped someone to make a few bucks...
meine augen sind die sterne
  • #94,586
  • Apr 29, 2011 12:56pm Apr 29, 2011 12:56pm
Quoting jeurre
hey, jon, nice drawing, i liked them, your long term trendline and its parallel look like more valid, superb !

jeurre
Hey Jeurre,

actually heres a pattern ill be watching, nz/us weekly bearish (possible) pennant. its peaking at a great location and RN and RSI (9) is showing strong three peak divergence...

jon
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 hour.gif Size: 17 KB
Click to Enlarge Name: 1 hour 2.gif Size: 18 KB
Click to Enlarge Name: 1 hour 3.gif Size: 16 KB
PATIENCE... DISCIPLINE
  • #94,587
  • Apr 29, 2011 12:58pm Apr 29, 2011 12:58pm
Quoting aserbfx
so i thought about posting the result from the calls i made last weekend:
acc +3% (weekly high was +5%, just to give an indication about the move after breakout)
adsk +0.5% (weekly high was +1.5%)
cah +1.5% (weekly high was +4%)
ci +1.8% (weekly high was +3%)

hope the setups helped someone to make a few bucks...
very nice aserbfx.


jon
PATIENCE... DISCIPLINE
  • #94,588
  • Apr 29, 2011 1:59pm Apr 29, 2011 1:59pm
Quoting AvanishDemo
Hello Hooky..
well js my 2pips..
i'm not really convinced with this Pinbar..so im skipping it even if it works out!
the location looks good 1.67..but i think for me Pinbar's Close Below 1.66 would have been better..
wat concerns me is price reactions @ 1.66(marked with yellow n arrows,Weekly chart)..

im newbie too so take it with a grain of salt!

To follow James' rules, there must be a break of 10 pips of the low of the reversal candle, which has not happened...in order to be a valid trade. the .6220 level is the beginning of a resistance zone on the weekly I might add.
  • #94,589
  • Apr 29, 2011 3:11pm Apr 29, 2011 3:11pm
Quoting aserbfx
so i thought about posting the result from the calls i made last weekend:
acc +3% (weekly high was +5%, just to give an indication about the move after breakout)
adsk +0.5% (weekly high was +1.5%)
cah +1.5% (weekly high was +4%)
ci +1.8% (weekly high was +3%)

hope the setups helped someone to make a few bucks...
Cool bud!
seems like u have stashed up lots of money for ur next tour to India(dat will be 8th time visit right?)...wats ur next stop?Himachal Pradesh..??
  • #94,590
  • Apr 29, 2011 4:00pm Apr 29, 2011 4:00pm
comments?
thx
Attached Image (click to enlarge)
Click to Enlarge Name: aud cad daily.gif Size: 12 KB
  • #94,591
  • Apr 29, 2011 4:00pm Apr 29, 2011 4:00pm
I just got stopped out for break even on this Usd/Cad Weekly PB. . .no loss for me. . . .Why didn't I take profit when I had the chance . .
Attached Image (click to enlarge)
Click to Enlarge Name: cad29.jpg Size: 84 KB
Indicators show the past. Price Action "Indicates" the future.
  • #94,592
  • Apr 29, 2011 4:12pm Apr 29, 2011 4:12pm
Quoting jarroo
I just got stopped out for break even on this Usd/Cad Weekly PB. . .no loss for me. . . .Why didn't I take profit when I had the chance . .


Just kidding guys . .I missed that beauty .

I didn't know what I know now back then . .just coming into my own back then.

I never liked this way of thinking, . ."If I only knew back then, what I know now."

I like this way of thinking . ."I'm confident what I know now, bring on the future".


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #94,593
  • Apr 29, 2011 4:40pm Apr 29, 2011 4:40pm
That is pretty hilarious. maybe you should have tried a 50 bar trailing stop lololol

Have a great weekend all!!!!

Quoting jarroo
I just got stopped out for break even on this Usd/Cad Weekly PB. . .no loss for me. . . .Why didn't I take profit when I had the chance . .
  • #94,594
  • Apr 29, 2011 4:57pm Apr 29, 2011 4:57pm
Quote
"master the markets" from fabulous tom williams

Hey aserbfx

That's some good material! Now I've got some reading for the wknd. Thanks for sharing it!
How bad do you want it? That's the attitude!
  • #94,595
  • Apr 29, 2011 7:01pm Apr 29, 2011 7:01pm
jon, cool

what do you think of this one?


jeurre

Quoting g_j_hook@yah
Hey Jeurre,

actually heres a pattern ill be watching, nz/us weekly bearish (possible) pennant. its peaking at a great location and RN and RSI (9) is showing strong three peak divergence...

jon
Attached Image (click to enlarge)
Click to Enlarge Name: ec.gif Size: 17 KB
  • #94,596
  • Apr 29, 2011 10:21pm Apr 29, 2011 10:21pm
Pin bar size and shape looks ok. Also at swing high.

But by looking at the strong uptrend.. it does not look like worth taking this PB . Also it does not have any more added confluneces..

If the PB is off from 1.05, it would have made some story.

A long trade from 50 to 61.8% retracement area (shaded in yellow) probably makes more sense.

Thoughts ?
Attached Image (click to enlarge)
Click to Enlarge Name: 4-29-2011-AUDCAD-Daily-PB Position-Analysis.jpg Size: 74 KB
  • #94,597
  • Apr 29, 2011 11:37pm Apr 29, 2011 11:37pm
Why would you Trade two of the strongest currencies on the Planet against each other?

Make life simple.

No Knock. Just an observation.


B
  • #94,598
  • Edited 1:36am Apr 30, 2011 1:23am | Edited 1:36am
Quoting jeurre
jon, cool

what do you think of this one?


jeurre
hey Jeurre, love the bar! nice size compared to the other recent bars with a strong close right at its low. and i love the location. it was the only area i had marked on my chart. I would have liked it to have closed a little lower but it did close below the BRN which is obviously a good thing. i like the upper TL but not the lower one and there is no pattern here for me, but that is irrelevant as it is a straight J16 type setup.
well spotted (i hadnt seen it yet so thanx for the heads up ) for me this is an A+ setup. would love to hear other views on this also...

heres my chart and how im seeing the trouble areas. didnt mark 1.3900 area which i think should be watched also. comments welcome

cheers

jon

EDIT: i forgot to mention the divergence. not great but there, another confluence.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 hour.gif Size: 19 KB
Click to Enlarge Name: 1 hour 2.gif Size: 17 KB
PATIENCE... DISCIPLINE
  • #94,599
  • Apr 30, 2011 1:27am Apr 30, 2011 1:27am
Quoting jarroo
I just got stopped out for break even on this Usd/Cad Weekly PB. . .no loss for me. . . .Why didn't I take profit when I had the chance . .



you had me scratching my head there for a while before i read your next post!! lol

jon
PATIENCE... DISCIPLINE
  • #94,600
  • Apr 30, 2011 1:31am Apr 30, 2011 1:31am
Quoting pex
comments?
thx
hi pex, at first glance it seems ok but if you zoom out the relative size and strength of the bar becomes apparent...


jon
Attached Image (click to enlarge)
Click to Enlarge Name: 1 hour.gif Size: 14 KB
PATIENCE... DISCIPLINE
244 traders viewing now