james16 Chart Thread | Page 4792 | 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

  • #95,821
  • May 31, 2011 3:25pm May 31, 2011 3:25pm
Here is a trade I made last night on the AUD/USD.

Reasons:
1. Trend is down
2. PPZ
3. FIB confluence
4. Pinbar

4-reasons for taking this trade. At the peak I was up around +80 pips but it's retracing a bit now. The PPZ should provide some resistance going forward. My stop is at break even and is safely behind PPZ resistance. Lets see how this trade plays out.

~Mav
Attached Image (click to enlarge)
Click to Enlarge Name: 4-hr pb 2.gif Size: 26 KB
  • #95,822
  • May 31, 2011 3:38pm May 31, 2011 3:38pm
Quoting Pumlitch
AUDUSD
Entry + Still in.
Attachment
AUDJPY
Entry + still in. Not a nice situation, but the price rejected 86 level so I entered.
Attachment

Initial SL was usualy aprox 50pips.

Nice weekend!
Jarda
SLs hit. AJ +50 and AU + 12. LOL. "Huge" profit from friday
J.
Follow my trading on Twitter and FB: @pumlitch
  • #95,823
  • May 31, 2011 4:15pm May 31, 2011 4:15pm
Got some news to share!
Finally got me a J.O.B. in the local Hedge Fund.
Was jobless for almost a year... (but full time study of J16)

So in one month from today (first pay check) look for me in the PF!!!

P.S. Closed May with $25 profit too
  • #95,824
  • May 31, 2011 4:42pm May 31, 2011 4:42pm
Quoting Adilius07
Got some news to share!
Finally got me a J.O.B. in the local Hedge Fund.
Was jobless for almost a year... (but full time study of J16)

So in one month from today (first pay check) look for me in the PF!!!

P.S. Closed May with $25 profit too
Good to know Adi. Are you going to work as a trader?
  • #95,825
  • May 31, 2011 4:47pm May 31, 2011 4:47pm
Price respecting PPZ. Last bar PBT&CA. NICE!!!
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 19 KB
  • #95,826
  • May 31, 2011 4:52pm May 31, 2011 4:52pm
Quoting TransPorter
Good to know Adi. Are you going to work as a trader?
Hi TP, no just managemenet. The market here is very different (very slow not liquid), so our approach to investment and trading is different too, usually it means just long term investment into some stock or bond for the client or own funds. That's all. So is a borring thing

The good thing though is that I will have two 24" monitors and a lot of free time to monitor my positions and study PF
  • #95,827
  • May 31, 2011 5:00pm May 31, 2011 5:00pm
Quoting Adilius07
Hi TP, no just managemenet. The market here is very different (very slow not liquid), so our approach to investment and trading is different too, usually it means just long term investment into some stock or bond for the client or own funds. That's all. So is a borring thing

The good thing though is that I will have two 24" monitors and a lot of free time to monitor my positions and study PF
Cool! Just don't forget the Windows Key + M to minimize all windows! LOL
  • #95,828
  • May 31, 2011 5:01pm May 31, 2011 5:01pm
Quoting TransPorter
Cool! Just don't forget the Windows Key + M to minimize all windows! LOL
just tried it, and it works!!! cool, thanks
  • #95,829
  • Edited 5:47pm May 31, 2011 5:26pm | Edited 5:47pm
Tempting, ve-ery tempting. Looks like there's space to run too, if 0.7950 breaks.

Any thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: 35_nzdcad d.jpg Size: 157 KB
  • #95,830
  • May 31, 2011 5:47pm May 31, 2011 5:47pm
Quoting 5.25
Tempting, ve-ery tempting. Looks like there is space to run too. But only if it breaks 0.7950.

Any thoughts?
IMHO, the pinbar doesn't protrude that much compare to the previous pinbar that you highlighted.
  • #95,831
  • May 31, 2011 6:11pm May 31, 2011 6:11pm
Quoting 5.25
Tempting, ve-ery tempting. Looks like there's space to run too, if 0.7950 breaks.

Any thoughts?
Looking good - not a super PB,
Price failed to close above 0.8 Rn PPZ - good place for SL
strong PB break .7950 would be nice
First target .7850

Lets see what seniors see.
Anything can happen - You never know
  • #95,832
  • May 31, 2011 6:16pm May 31, 2011 6:16pm
Quoting kwikwis
Looking good - not a super PB,
Price failed to close above 0.8 Rn PPZ - good place for SL
strong PB break .7950 would be nice
First target .7850

Lets see what seniors see.
just my view

Technically a beob since we have a lower low. 5.25 has a key line drawn at that chart. If price had closed below that line, I would like it a lot better. Without it were trading back into that, so that becomes tougher to break but look for it to either hold one way or the other. I am picky with my closes for this reason

Take care
Mike
  • #95,833
  • May 31, 2011 8:04pm May 31, 2011 8:04pm
For GBP/USD, is the most recent close in daily chart considered a BEOB?

BTW, anyone keeping their eyes on USD/JPY?
  • #95,834
  • May 31, 2011 9:26pm May 31, 2011 9:26pm
Quoting biDc
For GBP/USD, is the most recent close in daily chart considered a BEOB?
BTW, anyone keeping their eyes on USD/JPY?
post your charts bro, for all to see. (we all use different charts)

btw, see a BEOB here (gbp$ too, 1st & 2nd charts)
Quoting g_j_hook@yah
something ill be watching...GB/US, D1 BEOB..
Quoting Adilius07
Got some news to share!
Finally got me a J.O.B. in the local Hedge Fund..
Cool. congratulations!
Quoting Adilius07
Hi TP, no just managemenet. The market here is very different (very slow not liquid), so our approach to investment and trading is different too, usually it means just long term investment into some stock or bond for the client or own funds. ...
The good thing though is that I will have two 24" monitors and a lot of free time..
nice job
  • #95,835
  • May 31, 2011 9:36pm May 31, 2011 9:36pm
Quoting supremeChaos
post your charts bro, for all to see. (we all use different charts)
And I thought I did! Apparently it slipped my mind as I posted

I'm looking at H4 for an entry....or the break of the BEOB.

By the way that FTA was typoed. I meant that as final target profit. I have my FTA at 1.63 RN
Attached Image (click to enlarge)
Click to Enlarge Name: eur121.gif Size: 26 KB
  • #95,836
  • May 31, 2011 9:54pm May 31, 2011 9:54pm
Quoting biDc
And I thought I did! Apparently it slipped my mind as I posted

I'm looking at H4 for an entry....or the break of the BEOB.

By the way that FTA was typoed. I meant that as final target profit. I have my FTA at 1.63 RN
I looked at this one too, but ultimately passed. I have FTA a little closer, near 1.6380.

Also, I think we have to consider that Monday was a holiday and take that into consideration when evaluating today's BEOB.
Attached Image (click to enlarge)
Click to Enlarge Name: wipg38.gif Size: 25 KB
  • #95,837
  • May 31, 2011 10:54pm May 31, 2011 10:54pm
Quoting biDc
...
I'm looking at H4 for an entry....or the break of the BEOB. ...
no worries Sir..

this has a weaker close than the one on jon's (g_j_hook's) charts.
looking at H4 & Daily, i think trouble areas are right below @ 1.6400 RN (just less than 20pips away after the BEOB breaks... if it breaks), 1.66350-80 area, 1.63.

i think there's a good chance this bEOB wont break... or only get a weak break. but a beob break & move towards 1.6300 is not surprising (& beneficial in case u opt to trade it ).

http://www.forexfactory.com/images/s...im/whew%21.gif

so the conclusion is, i wont trade it
hope this helps Sir
  • #95,838
  • May 31, 2011 11:27pm May 31, 2011 11:27pm
Ah gotcha. Thanks for all the informative posts. This is why this thread is still the best of FF For now I am still on the sideline watching and I do agree it is a pretty weak BEOB. I think a better bearish PA at 1.66 would be even better!

Another pair I'm watching right now is EUR/CAD. BEOB looks like that of G/U but I really like the level at which it is formed with FTA towards the 365EMA.
Attached Image (click to enlarge)
Click to Enlarge Name: eur121.gif Size: 17 KB
  • #95,839
  • Jun 1, 2011 12:11am Jun 1, 2011 12:11am
Quoting biDc
Another pair I'm watching right now is EUR/CAD. BEOB looks like that of G/U but I really like the level at which it is formed with FTA towards the 365EMA.
That's a neutral bar. As is the one on cable.
When you have to shoot, shoot. Dont talk.
  • #95,840
  • Jun 1, 2011 1:38am Jun 1, 2011 1:38am
What is your opinions on this Daily G/J PB

http://img36.imageshack.us/img36/9603/1gj.gif
63 traders viewing now, 1 is registered:
Zojahamad