james16 Chart Thread | Page 4934 | 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

  • #98,661
  • Jul 15, 2011 7:08pm Jul 15, 2011 7:08pm
Quoting jarroo
Joel's posts are great . .If he wrote a book on this stuff he would make a million bucks . .he probably doesn't want all the fame that goes with it.

I was thinking of a taking all of his posts and making the book myself and make the money . .I would send him partital monthly checks of course so that I could sleep at night .. lol
Partial monthly checks?

Like one month you send the top right hand corner, and so on, as in a jigsaw puzzle?



LOL
  • #98,662
  • Jul 15, 2011 7:29pm Jul 15, 2011 7:29pm
Quoting jdl
Pinbar, Are you using the MT4 strategy tester for that backtesting? The screenshot says Trade Sim. v.2.0, which I could not find, and learnforexhome.com seems blank. I'd like to do similar testing. Thanks.

No, the MT4 tester does not work on any of my platforms.

Here is the link to the program I uploaded and use to test.

http://www.forexfactory.com/showthre...97#post4750697
  • #98,663
  • Jul 15, 2011 8:02pm Jul 15, 2011 8:02pm
Quoting Xhale12
For those of you who trade using the daily, how do you fine tune your entry? When do you choose an entry spot and do you look at the shorter time frames at all?
Yes. Of course we do. We're Greedy that way.

A Best Case Scenario Entry makes a MaxProfit Trade Exit possible.Limit Order Entries & Exits...

B
  • #98,664
  • Edited Jul 16, 2011 1:28am Jul 15, 2011 10:41pm | Edited Jul 16, 2011 1:28am
Quoting J.W. Holmes
Yep Jim, I have had a nice few months since coming back to this thread and the PF. Your webinars on the private side are truly outstanding. I have learned a ton from you. Almost worth the price of admission alone. I also enjoy hearing you rant about those damn gaps. Cracks me up every time I here you say it.

Jacob

What do you mean "almost worth the price . .. " . . . . .lol . . just kidding Jacob and thanks .

Those damn gaps!!! .. . .they mess up my Weekly Closes . . .


I'm having alot of fun in the PF . . . . . have fun in Vegas
Indicators show the past. Price Action "Indicates" the future.
  • #98,665
  • Jul 15, 2011 11:50pm Jul 15, 2011 11:50pm
Quoting Xhale12
For those of you who trade using the daily, how do you fine tune your entry? When do you choose an entry spot and do you look at the shorter time frames at all?
Hey Xhale . .have you check out the PPZ links that were posted to you. .

Finding PPZ levels are a great place to start . .its where a lot of Price Action setups are born.

Maybe you can post some charts with some PPZ levels on them and we can go over them . .many people here will help.

I'll go first . .

I like to start on the Weekly and Daily (remember the 1st post of this thread that you read) . .here are some on the Eur/Usd. . .charts . .maybe you can find more on my charts ..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euro16w.gif Size: 34 KB
Click to Enlarge Name: euro16wdd.gif Size: 29 KB
Indicators show the past. Price Action "Indicates" the future.
  • #98,666
  • Jul 16, 2011 2:32am Jul 16, 2011 2:32am
Quoting AvanishDemo
Any1 up with this IB?
i do see some PPZ..though..
still thinking if it strikes my brain cord to go for this..

with the trend.
WELL avanish the area seems to be good and it is a ppz but i think the IB doesnt seem to be in a good shape .

If ur looking to sell from here it would be ok if u target a very small target as R:R doesnt look good the FTA is very close .

Regards,
Kunal(FX TRADER-)
  • #98,667
  • Jul 16, 2011 2:53am Jul 16, 2011 2:53am
Hi guys ,

Below is the recent Trade i took on the cable yesterday , sorry cannot post trades realtime as i trade more on smaller TF'S .
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd recent trade.gif Size: 19 KB
  • #98,668
  • Jul 16, 2011 2:57am Jul 16, 2011 2:57am
Quoting jarroo
Hey Xhale . .have you check out the PPZ links that were posted to you. .

Finding PPZ levels are a great place to start . .its where a lot of Price Action setups are born.

Maybe you can post some charts with some PPZ levels on them and we can go over them . .many people here will help.

I'll go first . .

I like to start on the Weekly and Daily (remember the 1st post of this thread that you read) . .here are some on the Eur/Usd. . .charts . .maybe you can find more on my charts ..
Hey Jim,

Would you play this weekly pin bar using the eyes of the previous three weekly bars (not the most recent eye which would disqualify this pin as an a+ set up) and ppz level? Could this weekly pin be classed as an advanced pin bar set up?

Would appreciate your thoughts and others too on this set up.

Jim




Jim
  • #98,669
  • Jul 16, 2011 3:23am Jul 16, 2011 3:23am
portugals banco santander forming a big wedge on the weekly.
i expect a drop south. a close below 7 eur is a nice trigger.
Attached Image
meine augen sind die sterne
  • #98,670
  • Jul 16, 2011 4:09am Jul 16, 2011 4:09am
Quoting 5.25
Hi Decent Chap, we're in the same boat here. FXpro is my broker of choice for charting, and I too start my analysis at 22:00, scanning around 30 pairs.

As for trade management, it's something I'm also trying to refine and will share my thoughts as I develop. (See below)



Hi Adi, to put in bluntly;

- SL end of PA bar.
- Move to break even if a descent gap emerges 25-30 pips for example. I am not going to let this profit stop me out for a loss.
- Option 1 Scale out if there is obvious traffic in the way (My weekly nzdcad way back is a good...
Thanks T, much apriciated.
Trading is a test match not a Twenty20.
  • #98,671
  • Jul 16, 2011 4:33am Jul 16, 2011 4:33am
italian lux on weekly. good volume on engulfing upbar with a high close. will watch this the next weeks for a possible breakout above 23.30 eur. this zone was already a ppz back in 2006 and 2007.
Attached Image (click to enlarge)
Click to Enlarge Name: LUXOTTICA GROUP.png Size: 20 KB
meine augen sind die sterne
  • #98,672
  • Jul 16, 2011 7:34am Jul 16, 2011 7:34am
german aixtron (aixa).
approaching a strong ppz. got support from the 150 ema. this is broad zone with spikes down to 18.75 eur.
aixa was weak in the last weeks due to some negative fundamental expectations.
if you like to play it, consider several entries to get your positions (4 entries with 25% each of the intended position for example).
the current weekly candle shows strength in the background: downbar closing away from the low on falling volume.
Attached Image (click to enlarge)
Click to Enlarge Name: AIXTRON SE NA O.N..png Size: 20 KB
meine augen sind die sterne
  • #98,673
  • Jul 16, 2011 8:34am Jul 16, 2011 8:34am
Quoting fx trader-
WELL avanish the area seems to be good and it is a ppz but i think the IB doesnt seem to be in a good shape .

If ur looking to sell from here it would be ok if u target a very small target as R:R doesnt look good the FTA is very close .

Regards,
Kunal(FX TRADER-)
Hey Kunal..cool nice to see u..
where exactly in Mumbai?
actually..abt IB..if u see jarroo,ghous..they usually like the IB small..
smaller the IB,more the compression
as far as IB..i would like to see FTA as HCS(highest close of support,show on chart) which is still like a 1:1 R:R....so dats y i posted..
but u cn be right as well
thanks for sharing!!
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 16 KB
  • #98,674
  • Jul 16, 2011 8:43am Jul 16, 2011 8:43am
bnp paribas can be good for a quick retrace to 50 eur (and above). last weeks bar was on ultra-high volume. touched the low of the rectangle and reversed. good r:r with a stop loss below 43 eur.
Attached Image (click to enlarge)
Click to Enlarge Name: BNP PARIBAS ACT.A.png Size: 20 KB
meine augen sind die sterne
  • #98,675
  • Jul 16, 2011 10:48am Jul 16, 2011 10:48am
just checked some commodities and found this nice chart.
soybean oil future. weekly chart showing a longtime rectangle. with a close above 60 usd i would pull the trigger.
Attached Image (click to enlarge)
Click to Enlarge Name: Soybean Oil Full0811 Future.png Size: 17 KB
meine augen sind die sterne
  • #98,676
  • Jul 16, 2011 11:36am Jul 16, 2011 11:36am
Hello all just analyzing the cable and thinking it may be a good entry for a long trade. On the weekly chart there is a nice BUEOB, and on the daily on the close of the July 15th bar there appears to be a bullish pin bar off of the support at 1.6100.

I know the daily pin is not A+ given the tail to head ratio and given that close was a few pips south of open. However given the other factors it may justify a closer look. I have a good feeling that the 1.6100 support will hold and price will head up to the 1.6300 area.

If I was going to take this trade I would place my SL at 1.6065 and probably move it to BE once the trade reaches 1.6200. (+70 pips)

Any thoughts?
  • #98,677
  • Jul 16, 2011 12:10pm Jul 16, 2011 12:10pm
Quoting sergiel
Hello all just analyzing the cable and thinking it may be a good entry for a long trade. On the weekly chart there is a nice BUEOB, and on the daily on the close of the July 15th bar there appears to be a bullish pin bar off of the support at 1.6100.

I know the daily pin is not A+ given the tail to head ratio and given that close was a few pips south of open. However given the other factors it may justify a closer look. I have a good feeling that the 1.6100 support will hold and price will head up to the 1.6300 area.

If I was going to take...
3 fake breakouts in the last 3 days over 1.613x(76.4 fibo of last move may '10 - may '11 1.41x - 1.67x) - didn't manage to stay above even after the 13th breakout). And the buob has such a tail it's hard to see it as buob

otherwise, I'm also bear usd next week, but then, probably almost everyone is short on it, so don't know how many are left on the other side to buy...
  • #98,678
  • Jul 16, 2011 12:30pm Jul 16, 2011 12:30pm
Thanks for the feedback. Some points to consider for sure.

When you are referring to the 3 false breakouts in the last 3 days I assume you are referencing the H4 chart. I personally focus on the daily and weekly for now in terms of my decision making.

Having said that it is a bit troublesome that the daily bullish pin bar is not at a previous low and follows a bit of a bullish move the past few days. That for me makes it a lower quality entry as well.
  • #98,679
  • Jul 16, 2011 12:52pm Jul 16, 2011 12:52pm
Quoting sergiel
Thanks for the feedback. Some points to consider for sure.

When you are referring to the 3 false breakouts in the last 3 days I assume you are referencing the H4 chart. I personally focus on the daily and weekly for now in terms of my decision making.

Having said that it is a bit troublesome that the daily bullish pin bar is not at a previous low and follows a bit of a bullish move the past few days. That for me makes it a lower quality entry as well.
H4, H1 - yes, on d1 you can say there was no break over 1.613 period.

anyway, I see 1.61- ~1.613 - 5 as a solid area.
  • #98,680
  • Jul 16, 2011 1:57pm Jul 16, 2011 1:57pm
Something new I'm looking into:

eurchf: 4h, S/R level lining up rather nicely with these fibs. I'm curious to see if we will get any PA at the 38.2 or 61.8 level.

Note: As I understand it, the S/R level at 38.2 is not technically 'S/R', given that it has not acted as resistance... yet

Please correct me anyone if I have wrong here.

Not a trade call, just an observation and personal study.
Attached Image (click to enlarge)
Click to Enlarge Name: 61_eurchf 4h.jpg Size: 73 KB
35 traders viewing now