james16 Chart Thread | Page 5033 | 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

  • #100,641
  • Aug 18, 2011 10:44am Aug 18, 2011 10:44am
took this after i saw the BEOB...almost no drawdown

http://www.hotstockmarket.com/image/...t/500/flags/LL

no surprise here on ES...IPB and pinbar caught the entire move down with no drawdown http://files.hotstockmarket.com/images/smilies/wink.gif this sell off was strong though...it'd be risky going long here off a touch based on my tolerance...i'd like to see a nice pinbar closed to day or so but even so i honestly would prefer seeing a W to be safe.

http://www.hotstockmarket.com/image/...t/500/flags/LL
  • #100,642
  • Aug 18, 2011 11:40am Aug 18, 2011 11:40am
couple a charts
Attached Image(s) (click to enlarge)
Click to Enlarge Name: a.gif Size: 32 KB
Click to Enlarge Name: a2.gif Size: 27 KB
  • #100,643
  • Aug 18, 2011 12:40pm Aug 18, 2011 12:40pm
Quoting mbqb11
couple a charts
Textbook mbqb11
I believe . . .
  • #100,644
  • Aug 18, 2011 12:42pm Aug 18, 2011 12:42pm
Quoting geniusztc
so ,my plan is long @ 0.9850 ,and SL @9750,TP may be @ 0.9980 area .

and if we go to the h4 chart ,we can see the same thing .
as i said ,just because of the s&r area ,go to the h4 chart ,i can find my SL position . then i opened this trade .but maybe i have missed something on weekly chart .if i am lucky ,i need a good weekly close .(you know it ) good luck ,and good night .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ucad.gif Size: 25 KB
Click to Enlarge Name: ucadw.gif Size: 23 KB
A chart helps those who can read it.
  • #100,645
  • Aug 18, 2011 1:30pm Aug 18, 2011 1:30pm
a nice example of a trendline break and how you see when it breaks (normally). just look at the size of the bars when the stock approaches the trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: DAIMLER AG NA O.N..png Size: 19 KB
meine augen sind die sterne
  • #100,646
  • Aug 18, 2011 2:17pm Aug 18, 2011 2:17pm
Reasons for trade Pin bar ( smallish pin I know )
Rejected off of BRN
At 50 fib level
With the trend
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-8-18_ARL_71375.jpg Size: 70 KB
  • #100,647
  • Aug 18, 2011 2:56pm Aug 18, 2011 2:56pm
Quoting haircut
Reasons for trade Pin bar ( smallish pin I know )
Rejected off of BRN
At 50 fib level
With the trend
Nice!

  • #100,648
  • Aug 18, 2011 4:01pm Aug 18, 2011 4:01pm
Gonna take it here with that pin at 50%FR and 1140RN

http://www.hotstockmarket.com/image/...t/500/flags/LL
  • #100,649
  • Aug 18, 2011 5:07pm Aug 18, 2011 5:07pm
Quoting biDc
Gonna take it here with that pin at 50%FR and 1140RN

http://www.hotstockmarket.com/image/...t/500/flags/LL
I like your thinking. There is some nice divergence if you check the M5 chart. I am tempted to take a long on a break of 1150 but just sitting around waiting for an A+++ set up.
  • #100,650
  • Aug 18, 2011 6:01pm Aug 18, 2011 6:01pm
Quoting Greenhaze
That is a very good level and it was a nobrainer TT short on the previous touch but this time it might be a little trickier. Keep in mind that fib50 confluence wont be there if you'll use the fib from the top of the swing. Pinbar with long nose above that level would be nice but that almost never happens

All the best

Thanks GH

I am little confused as to why the 50 fibo will not be there as if we look at the Monthly TF, we can see that this is a major SW-SL. I know there is a retracement in between but if look at the chart Mike just posted with the 50 fibo on it, there is also a retracement in that SL-SH.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 94 KB
Click to Enlarge Name: a.gif Size: 32 KB
  • #100,651
  • Aug 18, 2011 6:09pm Aug 18, 2011 6:09pm
Quoting Pinbar
Thanks GH

I am little confused as to why the 50 fibo will not be there as if we look at the Monthly TF, we can see that this is a major SW-SL. I know there is a retracement in between but if look at the chart Mike just posted with the 50 fibo on it, there is also a retracement in that SL-SH.
pin if I missed your question apologies

Here is a chart of what I would see

May have heard the loudest thunder of my life 2 seconds ago.

Mike
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 54 KB
  • #100,652
  • Aug 18, 2011 6:15pm Aug 18, 2011 6:15pm
Quoting mbqb11
pin if I missed your question apologies

Here is a chart of what I would see

May have heard the loudest thunder of my life 2 seconds ago.

Mike
Thanks Mike

I hear you, that is the thing about fibos, the subjectivity in choosing a SH or SL.
  • #100,653
  • Aug 18, 2011 6:23pm Aug 18, 2011 6:23pm
Quoting Pinbar
Thanks Mike

I hear you, that is the thing about fibos, the subjectivity in choosing a SH or SL.

that is the thing about _______ (insert every tool we use here)


Solution. Pick the obvious ones

This was a totally serious post too even if it is almost friday


Best
Mike
  • #100,654
  • Aug 18, 2011 6:26pm Aug 18, 2011 6:26pm
Quoting mbqb11
that is the thing about _______ (insert every tool we use here)


Solution. Pick the obvious ones

This was a totally serious post too even if it is almost friday


Best
Mike

LOL, I hear you.
Thanks again Mike.
  • #100,655
  • Aug 18, 2011 6:51pm Aug 18, 2011 6:51pm
Quoting Pinbar
LOL, I hear you.
Thanks again Mike.
good morning ,steve .you are always early .
A chart helps those who can read it.
  • #100,656
  • Aug 18, 2011 7:05pm Aug 18, 2011 7:05pm
the BEOB at 50% fib.and it closed under the 150ema ,and the s&r zone @ 1.0436. bearish pa .
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 24 KB
A chart helps those who can read it.
  • #100,657
  • Aug 18, 2011 7:10pm Aug 18, 2011 7:10pm
Quoting geniusztc
good morning ,steve .you are always early .

Morning, Gen.

Yeah, I am early recently, got to leave around 10:30 am so, I need to get a couple of hours study in every morning.
  • #100,658
  • Aug 18, 2011 7:12pm Aug 18, 2011 7:12pm
Quoting geniusztc
the BEOB at 50% fib.and it closed under the 150ema ,and the s&r zone @ 1.0436. bearish pa .

BEOB?

I don't see any.
  • #100,659
  • Aug 18, 2011 7:26pm Aug 18, 2011 7:26pm
Quoting Pinbar
BEOB?

I don't see any.
ok, not BEOB. but it is not a bad chance to short .isnt it ?　

and i have to study too,from 9 am to 6 pm .keeping going .
A chart helps those who can read it.
  • #100,660
  • Aug 18, 2011 7:35pm Aug 18, 2011 7:35pm
Quoting geniusztc
ok, not BEOB. but it is not a bad chance to short .isnt it ?　

and i have to study too,from 9 am to 6 pm .keeping going .
I take it you have seen the weekly bullish PB.
Attached Image (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 89 KB
37 traders viewing now