james16 Chart Thread | Page 4819 | 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

  • #96,361
  • Jun 10, 2011 3:32pm Jun 10, 2011 3:32pm
Quoting james16
amazing how those old head and shoulders often end up being a sign of a coming pivot zone. its an eyeball thing for me. i always look for confluence like laarge tounf numbers.
Jim

Thanks for your recent posts. Had never looked at a H:S being sign of a coming pivot zone. As you say an eyeball thing and something i wil look out for in the future. Great to have you imparting your knowledge and experience it is much appreciated Jim.

Kal
  • #96,362
  • Edited 3:52pm Jun 10, 2011 3:37pm | Edited 3:52pm
Quoting Kalbar
Hey Pex

I was asking Jim the same question because there does not seem to be a PA bar to enter off! think he probably entered off a touch back to previous support but another entry could have been a break of the nice Head and shoulders pattern which formed on this one which is on chart I posted a few posts back.

kal
personally, I just put an order at .4555(the r:r was... 5:1 in worst case scenario) with some odd +20 as sl. And then chickened out because I had to go to sleep and canceled... was pissed this morning

on the other hand, there are few worse sentiments then waking up and seeing 1st thing that you lost money(even if a pittance). At least for me... it's stupid, but I know it can ruin my whole day.

Quoting CavinK
AUD/CAD, H1 chart, formed a BUOB at swing low, Could any senior kindly advise if it's a valid PA to enter long?
without even being a junior...

went in 3 days ago(or 4, don't remember) on this at 1.05something and I expect it to get out at 1.023(probably will get even lower, but I don't want to babysit it especially since I sleep the asian session). So far, from what I've watched(not too much tbh) - it didn't retrace much.

So some kinda retracement, even small, might happen.

But imho, overall it's bearish(imho - that doesn't mean much) and I don't see where you have room. If your 1st fta is 30 pips away and the pair has 4 spread... what sl can you afford for a decent r:r? A sl that takes into acct. the same not that small spread...

Either poor r:r or too short sl on a - again, my oppinion - countertrend move... You can get away with dubious signals(and still get a decent equity curve); you'll die with the best signals in the world with crap risk management.


and I'm fed up with being allowed only usd and aud out of all nzd pairs. Missed 3 trades this week... pity I'm used to this broker...
  • #96,363
  • Jun 10, 2011 3:41pm Jun 10, 2011 3:41pm
not sure what you mean slade.

jim

Quoting slade1986
James,

What daily close did you use on this chart? (Sorry if it's been asked already)

Thanks,

Slade
  • #96,364
  • Jun 10, 2011 3:42pm Jun 10, 2011 3:42pm
almost all head and shoulder end up being pivots at some point. inverted ones also.

im so focused on the zones i usually dont notice the patterns.

jim

Quoting Kalbar
Jim

Thanks for your recent posts. Had never looked at a H:S being sign of a coming pivot zone. As you say an eyeball thing and something i wil look out for in the future. Great to have you imparting your knowledge and experience it is much appreciated Jim.

Kal
  • #96,365
  • Jun 10, 2011 4:00pm Jun 10, 2011 4:00pm
Quoting james16
not sure what you mean slade.

jim

I think he's referring to the feed you used to obtain a BEOB there. IBFX closes a couple hours later than the NYSE. FXpro closes a bit closer to the real US market close (and was not a BEOB, just a small sized pin from FXpro)....
Many choose unhappiness over uncertainty.
  • #96,366
  • Jun 10, 2011 4:02pm Jun 10, 2011 4:02pm
Hello James..nice to see u sir..

any thoughts about this IB...
m still wondering abt it..given the huge downtrend..BUOB,Pin wuld hv been better.
but yeah location looks good though..
double bottom,0.85BRN..

Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: cc.gif Size: 17 KB
  • #96,367
  • Jun 10, 2011 4:16pm Jun 10, 2011 4:16pm
Quoting AvanishDemo
Hello James..nice to see u sir..

any thoughts about this IB...
m still wondering abt it..given the huge downtrend..BUOB,Pin wuld hv been better.
but yeah location looks good though..
double bottom,0.85BRN..

Thanks!
Hey AD

Bit offtopic but been trying to pm you but not working. Thanks for your kind and generous comments my friend. Your own posts are good reading for me so plesase keep it up a we are all learning from each other.

Best

kal
  • #96,368
  • Jun 10, 2011 4:29pm Jun 10, 2011 4:29pm
Quoting AvanishDemo
Hello James..nice to see u sir..

any thoughts about this IB...
m still wondering abt it..given the huge downtrend..BUOB,Pin wuld hv been better.
but yeah location looks good though..
double bottom,0.85BRN..

Thanks!
hey A, IBs are great continuations also, in fact probably my personal favourite, so you can play these either way. just a thought..


jon
PATIENCE... DISCIPLINE
  • #96,369
  • Jun 10, 2011 4:57pm Jun 10, 2011 4:57pm
Thanks Dan, that's what I was wondering. I just didn't see much other than the small pin on my feed.

Quoting Dan Gilbert
I think he's referring to the feed you used to obtain a BEOB there. IBFX closes a couple hours later than the NYSE. FXpro closes a bit closer to the real US market close (and was not a BEOB, just a small sized pin from FXpro)....
  • #96,370
  • Jun 10, 2011 5:26pm Jun 10, 2011 5:26pm
Quoting g_j_hook@yah
hey A, IBs are great continuations also, in fact probably my personal favourite, so you can play these either way. just a thought..


jon
Hey Avanish, Jon

I believe you can 'straddle' the IB too, play both break outs (long/short). I've only ever played them as a continuation myself but the 0.8500 worries me in this instance.

Have a good weekend all

Tomek
  • #96,371
  • Edited 6:53pm Jun 10, 2011 6:25pm | Edited 6:53pm
Took the daily BEOB and got up this morning to see that the weekly bar closed as a bearish PB.

My goal is to manage the daily entry with a view to it getting me into the weekly PB should it break.

Trouble is, I have to go to Hong Kong on Monday and will not be able to keep my eye on it so much, till I get there, late in the evening.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euraudd.gif Size: 37 KB
Click to Enlarge Name: euraud.gif Size: 31 KB
  • #96,372
  • Jun 10, 2011 7:51pm Jun 10, 2011 7:51pm
EUR/CAD

Seems to be at an interesting area of old resistance and we also have three weekly bullish bars in a row.

Just trying to keep things real simple now that I have much less time to analyze the charts than I previously had. In a strange way, this kind of makes it even more refreshing.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurcad.gif Size: 38 KB
Click to Enlarge Name: eurcadd.gif Size: 37 KB
  • #96,373
  • Jun 10, 2011 8:10pm Jun 10, 2011 8:10pm
ahh yes thanks dan.

jim

Quoting Dan Gilbert
I think he's referring to the feed you used to obtain a BEOB there. IBFX closes a couple hours later than the NYSE. FXpro closes a bit closer to the real US market close (and was not a BEOB, just a small sized pin from FXpro)....
  • #96,374
  • Jun 10, 2011 9:02pm Jun 10, 2011 9:02pm
Quoting poncho1
The marked line on the weekly was enough to keep me out, did I miss something?
Any one care to answer my question? Jarroo, Mike, James?

I passed a sell on the Eur/gbp due to the line marked on my weekly chart and every one else didn't seem to be concerned about it. TIA.

Poncho
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp weekly.gif Size: 25 KB
" I can read the left side of the chart, the right side's a Bitch!
  • #96,375
  • Edited 11:42pm Jun 10, 2011 11:23pm | Edited 11:42pm
Quoting AvanishDemo
Ohh...Good u said that!!
i thought 1.3650 was a trouble area..which made me skip..i confused here thinking its still sitting on support...
maybe the space here was great enuf to break the ppz...?

Looks like the Daily BEOB on the Eur/Aud hit its target(s) perfectly . .Classic James16 PA.

The 1.3650 was clear PPZ level on the Higher TF as you noted AD , looking at the 4 Hour we see that this Higher TF PPZ level acting as Support by not being able to close below the 1.3650 level. . .

. . Price Breaks Through and Closes Below the 1.3650 Support level and turns into Resistance.

An entry at this transitional point (Support to Resistance), the 1.3650 would have been a great entry with very little draw down.

PA and S/R . .nice .. .

Quoting pex
james,i have a question
how do you play that entry? waiting for pul back to the s/r level and then some kind of blind thouch entry or.....?
thnx
This is how I would entry this trade . .pex.



Jim
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurausww10aa.jpg Size: 77 KB
Click to Enlarge Name: eurausww10aa44.jpg Size: 71 KB
Indicators show the past. Price Action "Indicates" the future.
  • #96,376
  • Jun 10, 2011 11:31pm Jun 10, 2011 11:31pm
Quoting jarroo
Looks like the Daily BEOB on the Eur/Aud hit its target(s) perfectly . .Classic James16 PA.

The 1.3650 was clear PPZ level on the Higher TF as you noted AD , looking at the 4 Hour we see that this Higher TF PPZ level acting as Support by not being able to close below the 1.3650 level. . .

. . Price Breaks Through and Closes Below the 1.3650 Support level and turns into Resistance.

An entry at this transitional point (Support to Resistance), the 1.3650 would have been a great entry with very little draw down.

PA and S/R . .nice .. . ...
Yes, that's a transitional point earily in the Month of June . . Resistance to Support once Price Breaks Through and Closes Above.

You can find these transitional events everywhere . .


Jim
Attached Image (click to enlarge)
Click to Enlarge Name: eurausww10aa44a.jpg Size: 72 KB
Indicators show the past. Price Action "Indicates" the future.
  • #96,377
  • Jun 10, 2011 11:52pm Jun 10, 2011 11:52pm
Quoting mbqb11
updated chart. see the middle acting as a pivot again. These are good for quick take profits in my book as the likelihood for a bounce back to your entry is very high

Best
Mike

I love the midpoint level of Consolidation boxes . . .

A Mike gem . .
Indicators show the past. Price Action "Indicates" the future.
  • #96,378
  • Jun 11, 2011 12:21am Jun 11, 2011 12:21am
Quoting Bryan
I think she wants to break the 4500 level and head lower. I'm selling and holding for the 150 ma on the 4hr, around 4400
I hope You got a ton of pips Bryan

Peter
Jesus Christ is my only Lord !
  • #96,379
  • Jun 11, 2011 12:25am Jun 11, 2011 12:25am
Quoting CavinK
AUD/CAD, H1 chart, formed a BUOB at swing low, Could any senior kindly advise if it's a valid PA to enter long?

Hey CalvinK,

Yes, that's a valid BUOB . .at a Swing Low. To entry long at the break of that BUOB we have to identify the target or First Trouble Area or Space available to allow this setup to run.


For targets . . we look for previous bar Highs/Lows, BRNs, RNs and PPZ levels. The Lows in green are below the BUOB so this a good thing . .they can help in aiding our BUOB once it breaks. Think of them as Resistance Lows that may turn back into Support.

The blue lines are previous bar Lows and a PPZ level. This BUOB hit its target . .previous bar Lows.

This would be considered a successful PA setup because the setup hit its target.
Attached Image (click to enlarge)
Click to Enlarge Name: audcad11.jpg Size: 77 KB
Indicators show the past. Price Action "Indicates" the future.
  • #96,380
  • Jun 11, 2011 12:34am Jun 11, 2011 12:34am
Quoting g_j_hook@yah
Hi guys, some great trading these last couple of days eh!!!
these are the setups i try and wait for. for me this is what this thread is all about.

eu/gb..strong BEOB at a swing high coming off a good PPZ and closing below RN . clear targets and divergence.
( in and out with full position at FTA)

eu/au..strong bar at a swing high retrace to the 50% fib level of the down trend and RN . also with divergence and a clear target. Not as strong a close as the eu/gb bar as it stalled at the PPZ i would have liked it to have closed below but all in all...
Quoting g_j_hook@yah
........

eu/nz...strong BEOB with the trend after significant retrace and coming off good PPZ and closing below RN. with divergence on D1 and 4H, with space and a clear target.
(still holding 2/3rds. will keep this running)


eu/chf...strong 4H BEOB. this is not a J16 classic but a mix of the things i like to use.
the bar is in traffic and did not break quickly so not ideal but i liked the tight winding up of price before it broke and i liked that it was sat tight on my TL. Strong down trend was in my favour and the weak euro.
(closed 2/3rds and...
Quoting g_j_hook@yah
1 i didnt take....

eu/us...4H H+S(one of the clearest we can hope to see) and the break lead to a nice 4H BEOB...the rest has been covered by the seniours.

what did i miss...lol
hope we all bagged a few pips on these.


jon




Great posts Jon . . .
Indicators show the past. Price Action "Indicates" the future.
98 traders viewing now