james16 Chart Thread | Page 4775 | 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

  • #95,481
  • May 19, 2011 9:34am May 19, 2011 9:34am
Quoting AvanishDemo
hello,
i would like to share my failed trade..i took a small loss
i took this DBHLC setup
CB 0.88 was wt i was looking for
i only prefer EMAs on Daily n Weekly but since it came of two PPZs(yellow ones),i liked the 150 EMA as well(being kinda subjective here)

my entry was 0.88...TP 0.8770..but to my surprise it didn't even reach its FTA..
i was looking for js a short 30pip profit(i remember Jarroo once said A+ setups range from 30pips to 3000pips,so i didn't mind)

i closed the trade manually as 0.88 looks strong now n i have no hopes..

i would...

Hey AV

Remember price bars are NOT valid until they break. So in this case the bar low never broke and thus this bar is not validated. If you want to enter before a break we must take this into consideration with the overall setup

I personally wait for breaks about 98% of the time

Best
Mike
  • #95,482
  • May 19, 2011 9:38am May 19, 2011 9:38am
Quoting Adilius07
Yes feels very much comfortable, especially when I realize that I KNOW where the price is going (ok that's being cocky after a few winning trades).
...
if u havent noticed yet, (i feel like) u trade similar to Mike... high probability quick hits.

& u are not being cocky. this thread is all about WIPG & S/R, right.

looking forward to your continued progress.

Quoting AvanishDemo
hello,
i would like to share..i took this DBHLC setup
CB 0.88 was wt i was looking for
i only prefer EMAs on Daily n Weekly but since it came of two PPZs(yellow ones),i liked the 150 EMA as well(being kinda subjective here)
my entry was 0.88...TP 0.8770.....
Mike did a quick reply.
also notice your 2 yellow PPZs. to me they were acting like walls ---price bouncing off of them (the lower 'wall' was a RN 0.88).
price CB 0.88 but it didn't follow through downward-- that would be an early warning sign for me.

again, be careful of trading the close or prior a PA setup break (be comfortable trading breaks first).
  • #95,483
  • May 19, 2011 9:47am May 19, 2011 9:47am
Quoting supremeChaos
if u havent noticed yet, (i feel like) u trade similar to Mike... high probability quick hits.

& u are not being cocky. this thread is all about WIPG & S/R, right.

looking forward to your continued progress.
SC, those words are too much for me for now. I am still not confident in what I do, as you see I am searching for different ways to manage trades. But yes Mike's way to trade seems now as most profitable to me, especially when I see that profit is accumulated trade after trade. Actually there should have been 6 winners in a row (but I for some reason hesitated to take profit at S/R and instead moved to BE). I am not saying that other methods of managing trades are not profitable, maybe they just don't fit me psychologically or something. So I will stick with this approach and let's see how I close this month!

Thank you very much for such warm words. I think I progress, now I need not to make any stupid mistakes and just repeat trade after trade!

Adi
  • #95,484
  • May 19, 2011 10:04am May 19, 2011 10:04am
Quoting Adilius07
those words are too much for me for now. I am still not confident in what I do, as you see I am searching for different ways to manage trades. ...
Thank you very much for such warm words. I think I progress, now I need not to make any stupid mistakes and just repeat trade after trade!
mistakes are almost inevitable... as u improve, mistakes will decrease.

i think this is a milestone for u.
next steps are confidence & consistency. (believe in yourself!)
  • #95,485
  • May 19, 2011 10:50am May 19, 2011 10:50am
Sold after retest of resistance and first fib.

Keep shorting the market everyone! Thanks...LOL!
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_05 May. 19 16.47.gif Size: 79 KB
  • #95,486
  • May 19, 2011 11:40am May 19, 2011 11:40am
Quoting AvanishDemo
hello,
i would like to share my failed trade..i took a small loss
i took this DBHLC setup
CB 0.88 was wt i was looking for
i only prefer EMAs on Daily n Weekly but since it came of two PPZs(yellow ones),i liked the 150 EMA as well(being kinda subjective here)

my entry was 0.88...TP 0.8770..but to my surprise it didn't even reach its FTA..
i was looking for js a short 30pip profit(i remember Jarroo once said A+ setups range from 30pips to 3000pips,so i didn't mind)

i closed the trade manually as 0.88 looks strong now n i have no hopes..

i would...
Hey A,

Mike and Chaos just about covered all the important points.

Remember looking out for BRNs is great but considering them always as brick walls is not. We don't operate in a perfect world because we humans aren't perfect, as long as humans run the fx markets they will remain imperfect.

What I mean to say is don't always hope that a BRN will act as support and/or resistance to the pip. They often do work like that but not always.

Mostly you have a range of prices or better put. . .a "zone" that has to be broken through. A comfortable close below/above a BRN always ensures you are actually seeing through the entire zone rather than just a single price that may not always be the centrality of the game.

I like how Jarroo classifies and works around his PPZs. He uses bar closes as "boundaries" of PPZs. A genius concept.

We can see how we closed below the 8800 sure, but failed to overcome the entire zone.

In a nutshell make sure you locate your price pivot "zones" well and yeah like the others said waiting for the break is always a smart thing to do.


g.
Attached Image (click to enlarge)
Click to Enlarge Name: eg.png Size: 27 KB
I believe . . .
  • #95,487
  • May 19, 2011 11:45am May 19, 2011 11:45am
Quoting ghous
Hey A,

Mike and Chaos just about covered all the important points.

Remember looking out for BRNs is great but considering them always as brick walls is not. We don't operate in a perfect world because we humans aren't perfect, as long as humans run the fx markets they will remain imperfect.

What I mean to say is don't always hope that a BRN will act as support and/or resistance to the pip. They often do work like that but not always.

Mostly you have a range of prices or better put. . .a "zone" that has to be broken through. A [u][b]comfortable...
Right on G

I think people often leave out and forget the Z in PPZ
Attached Image (click to enlarge)
Click to Enlarge Name: a2.gif Size: 32 KB
  • #95,488
  • May 19, 2011 11:52am May 19, 2011 11:52am
Quoting mbqb11
Right on G

I think people often leave out and forget the Z in PPZ
Me thinks it's prettier than than the prettiest work of art Mike.

g.
I believe . . .
  • #95,489
  • May 19, 2011 12:53pm May 19, 2011 12:53pm
Quoting mbqb11
Hey AV

Remember price bars are NOT valid until they break. So in this case the bar low never broke and thus this bar is not validated. If you want to enter before a break we must take this into consideration with the overall
Quoting supremeChaos
Mike did a quick reply.
Quoting ghous
Hey A,
Mike and Chaos just about covered all the important points.
Remember looking out for BRNs is great but considering them always as brick walls is not. We don't operate in a perfect world because we humans aren't perfect, as long as humans run the fx markets they will remain imperfect.
[u][b]comfortable...
All i can say is WOW..
thanks guys thanks
sry i hav this bad habit of not taking the setups at break n takin it at close/ret js bcos it helps to reduce SL,n also to get those few greedy pips which covers up the spread till price reaches the break of the bar..
will also be aware of the comfortble close n tend to forget LCS,HCR thing..
Thanks guys
n sry for breaking the rules!!

P.S. feeling absence of Jarroo
  • #95,490
  • May 19, 2011 1:03pm May 19, 2011 1:03pm
Quoting mbqb11
Right on G

I think people often leave out and forget the Z in PPZ
Mike

Do you have a maximum number of pips that you will use for a zone? For example in your chart the zones look to be approx 90-100 pips wide. Is there a rule you use on the max no of pips for each time frame?

Thanks

Kal
  • #95,491
  • May 19, 2011 1:05pm May 19, 2011 1:05pm
Hi Stark1,

You can switch your FXCM account to unlimited symbols - just contact FXCM's Client Support with your request.

Good trading,

Quoting stark1
Hey SC, thank you for that. The bottom of my Symbol Subscription List says 'please note there is a maximum of 20 symbols visible at any one time'. I can't keep dialling them in and out (small brain - I'll forget what i'm supposed to be watching!), so is that what you're doing or does yours allow all those charts open at once? I feel a Live Chat coming on...
  • #95,492
  • May 19, 2011 1:55pm May 19, 2011 1:55pm
Hey guys, here is my trade from last night. Valinn and I know each other personally and we have both traded with some success over the past year and a half but both of us have been blindly taking trades at break/retest (PPZ) levels. Finding this thread I know will fill in the gap in my trading. Here is a trade I took last night. I am currently floating around +50 and stop is at break even. First target is at 1.6255. Tell me what you guys think!

This was a 4 hour trade, the daily trend is up.

There is also a DBLHC a few bars after my entry that gives me extra confirmation that my long MIGHT be in good shape. Either way, I'm at break even so it's a free trade.

~Mav
Attached Image (click to enlarge)
Click to Enlarge Name: 4-hr pb.gif Size: 25 KB
  • #95,493
  • May 19, 2011 2:09pm May 19, 2011 2:09pm
Are these the only price action setups that us James16 followers use?

DBLHC
DBHLC
Two or matching highs/lows - enter on the breakout
BEOVB
BUOVB
Inside Bars
Pinbars

Are these the only entries we use or am I missing some?

Thanks guys!

Mav
  • #95,494
  • May 19, 2011 2:41pm May 19, 2011 2:41pm
Quoting Maverick69
Are these the only price action setups that us James16 followers use?

DBLHC
DBHLC
Two or matching highs/lows - enter on the breakout
BEOVB
BUOVB
Inside Bars
Pinbars

Are these the only entries we use or am I missing some?
Hi ya Mav..

This should help with most every type of PA or abbreviation you might need to know sooner or later in this thread..
Thanks to Pinbar for compiling this

http://www.forexfactory.com/showpost...ostcount=93498

Cheers,
Adrian
  • #95,495
  • May 19, 2011 2:50pm May 19, 2011 2:50pm
Quoting mbqb11
Hey Dave

This is now up in the guest section for you guys

Thanks for waiting

Mike
Hey Mike,

Thanks a bunch for putting it up.

Regards
  • #95,496
  • May 19, 2011 2:58pm May 19, 2011 2:58pm
Quoting aarangio
Hi ya Mav..

This should help with most every type of PA or abbreviation you might need to know sooner or later in this thread..
Thanks to Pinbar for compiling this

http://www.forexfactory.com/showpost...ostcount=93498

Cheers,
Adrian
Thank you so much!
  • #95,497
  • May 19, 2011 4:28pm May 19, 2011 4:28pm
Quoting 4FXsake
Sold after retest of resistance and first fib.

Keep shorting the market everyone! Thanks...LOL!

B/E. On to the next trade.

  • #95,498
  • May 19, 2011 7:51pm May 19, 2011 7:51pm
Looking at this set-up. U/J we have a Pin at PPZ and 38.6% Fib. Dont know if this is an A+ Pin but will keep an eye on it.

http://img109.imageshack.us/img109/6495/26596338.gif
  • #95,499
  • May 19, 2011 8:16pm May 19, 2011 8:16pm
Quoting Valinn
Looking at this set-up. U/J we have a Pin at PPZ and 38.6% Fib. Dont know if this is an A+ Pin but will keep an eye on it.
This is a good one to watch...the 82 RN is a pretty strong level, but there's not enough space for my liking. I see a very tight FTA, not much space....would require very tight management. The PB could be a sign of a push down, but I wouldn't be surprised to see price bounce at the FTA and push through 82 either.
Attached Image (click to enlarge)
Click to Enlarge Name: wipg32.gif Size: 23 KB
  • #95,500
  • May 20, 2011 2:24am May 20, 2011 2:24am
Nice support area for JBH.ax, will watch the open on Monday and see whether it can hold above 1720. An opening gap would be even nicer.
Attached Image (click to enlarge)
Click to Enlarge Name: jbh - daily.png Size: 22 KB


Ditto on WOW.

Attached Image (click to enlarge)
Click to Enlarge Name: WOW-daily.PNG Size: 21 KB


And, for my hottest Friday night tip:

Attached Image
When you have to shoot, shoot. Dont talk.
65 traders viewing now, 1 is registered:
Gainfaciles