james16 Chart Thread | Page 5098 | 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

  • #101,941
  • Sep 20, 2011 12:31am Sep 20, 2011 12:31am
Quoting fascist
We have a BOVB on GBPCAD going through 1.5500. However if we take it at a break of the bullish candle the FTA would be at 1.5600. If it breaches it then most likely it'll go near to 1.5700

Attachment

What is a BOVB?

Are you referring to a Bullish Engulfing Outside Bar?
If so, this is not a BUEOB.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad 20sept001.jpg Size: 221 KB
  • #101,942
  • Sep 20, 2011 12:34am Sep 20, 2011 12:34am
Quoting Pinbar
What is a BOVB?
Bullish/bearish outside vertical bar. Am I using the terminology correct?
  • #101,943
  • Sep 20, 2011 12:36am Sep 20, 2011 12:36am
Quoting fascist
Bullish/bearish outside vertical bar. Am I using the terminology correct?
No, and neither is that a BUEOB.

Some people call them BUOB or BUEOB.

As described in the chart above, the high of a BUEOB must engulf the previous bar totally.
  • #101,944
  • Sep 20, 2011 12:38am Sep 20, 2011 12:38am
Quoting Pinbar
No, and neither is that a BUEOB.

Some people call them BUOB or BUEOB.
oops, okay.
  • #101,945
  • Sep 20, 2011 12:42am Sep 20, 2011 12:42am
Quoting millions
Hi all,
This is my second post to the thread. My first was about 6 months ago when I was trading all pa I could see (on demo obviously). Since then I have been imersed in the thread and have now made 982 pips on my last 3 months demoing. The breakthrough comes when you undertand that location is key and you get your stop to break even at first trouble area. I am a conservative and picky trader. I will be demoing for another 3 months before going live. Thanks to everyone on the forum for this invalubale resource.
I would be grateful for some feedback...
Yes the bar never broke..infact i had plans abt this to play a retrace @ 0.98..but i did not like the way price opened yesterday's(opened above 0.98)..so i skipped..
Attached Image (click to enlarge)
Click to Enlarge Name: uc1.gif Size: 21 KB
  • #101,946
  • Sep 20, 2011 12:45am Sep 20, 2011 12:45am
Quoting fascist
oops, okay.

Like this and the reverse for a BEOB.

Note: The open of the engulfing bar can be anywhere basically.
Attached Image
  • #101,947
  • Sep 20, 2011 12:47am Sep 20, 2011 12:47am
Quoting Pinbar
Like this and the reverse for a BEOB.
As long as the high and lows engulf the bar right? we don't care about the close/open.
  • #101,948
  • Sep 20, 2011 12:50am Sep 20, 2011 12:50am
Quoting fascist
As long as the high and lows engulf the bar right? we don't care about the close/open.

Yeah, you got it.

But, the close of a BUEOB or BEOB should be in the last third of the bar.

Gives it more momentum.
  • #101,949
  • Edited 5:50am Sep 20, 2011 1:53am | Edited 5:50am
Just for clarity, and utter noobie question

I (think) I understand what PPZs are and how to identify them. The problem I currently have is I often have so many lines that it almost impossible to enter a trade without a PPZ close. So, I know I have misunderstood the term "zone" and have to tidy my charts up a bit. This is all down to practice and my learning curve. No problem with this, with practice I'll get good at this.

I am OK with this, but I read on here "major" PPZ and "minor" PPZ; I hope that someone can explain the difference. My default understanding is the number of (recent?) times the zone has been tested. However, it could be that a PPZ has more weight if it is supported by a BRN or Fib confluence or something, or it could be that, with experience you just know the difference. Hence this post, I need to check!

-----edit
OK, a friend just pointed out this in Pinbar's sig: http://www.forexfactory.com/showthre...22#post4174422
I think that this probably answers the question
Thanks Pinbar

TIA
  • #101,950
  • Sep 20, 2011 3:05am Sep 20, 2011 3:05am
Quoting Pinbar
Yeah, you got it.

But, the close of a BUEOB or BEOB should be in the last third of the bar.

Gives it more momentum.
Hi Pinbar,

Would you be most kind to post a screenshot of what a A+ BUOB/BEOB trade look like to give us newbies an base scenario to built on.

Much obliged
Caesar
"Nature's law" is called "Reason". When perfectly understood by human it is
  • #101,951
  • Edited 4:53am Sep 20, 2011 4:17am | Edited 4:53am
Quoting 5.25

Looks like price can't break through the weekly Lowest Close of Support on the daily even with the BEOB. Could still play out?
Witam

For me, until price did not breaks high of PB, setup is still in play.
This BEOB looks strong, but notice that its high did not reach previous bar high (look at gold beauty: swing high, double top, divergence).
Up trend and LCS looks strong, so I would be careful.
I went short yesterday @ 4.3833, based on lower time frame PB. FTA @4.3600. But with spread 200 pips over night it was quite stressful...

kruger
Attached Image (click to enlarge)
Click to Enlarge Name: gold_beob.jpg Size: 69 KB
W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #101,952
  • Edited 5:42am Sep 20, 2011 5:18am | Edited 5:42am
Quoting Caesar95
Hi Pinbar,

Would you be most kind to post a screenshot of what a A+ BUOB/BEOB trade look like to give us newbies an base scenario to built on.

Much obliged
Caesar

Sure, this may not be an A+ for some but, it is close for sure.

0.69100 RN, 61.8 fibo + PPZ

Trying to find a real A+ one but, I have to run. will post one later if nobody else has.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.jpg Size: 74 KB
  • #101,953
  • Sep 20, 2011 6:55am Sep 20, 2011 6:55am
USDSGD looks good if it closes below 365 EMA. Bounced off 1.2700.

Attached Image (click to enlarge)
Click to Enlarge Name: usdsgd 20sept001.jpg Size: 105 KB
  • #101,954
  • Sep 20, 2011 8:50am Sep 20, 2011 8:50am
Quoting Caesar95
Hi Pinbar,

Would you be most kind to post a screenshot of what a A+ BUOB/BEOB trade look like to give us newbies an base scenario to built on.

Much obliged
Caesar
Hey C

Here is a huge recent A+ beob

Let me know if it makes sense

Mike
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 23 KB
  • #101,955
  • Sep 20, 2011 9:02am Sep 20, 2011 9:02am
Quoting HiArt
Just for clarity, and utter noobie question

I (think) I understand what PPZs are and how to identify them. The problem I currently have is I often have so many lines that it almost impossible to enter a trade without a PPZ close. So, I know I have misunderstood the term "zone" and have to tidy my charts up a bit. This is all down to practice and my learning curve. No problem with this, with practice I'll get good at this.

I am OK with this, but I read on here "major" PPZ and "minor" PPZ; I hope that someone can explain the difference....

Hey Tia

Yep you are correct. WE have all different varities of concepts. Most concepts have minor to major . So for PPZ, a minor PPZ could be a minor flip b/w a few recent bar highs/lows, A Major PPZ can be one tested over a long period of time.

her is a chart with a major PPZ and a more minor PPZ(note we can have even more Major zones, as well as even more minor PPZ, so there is certainly a range)

here are some more fantastic posts from James himself
http://www.forexfactory.com/showthre...16#post2252116

Best
Mike
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 30 KB
  • #101,956
  • Edited 9:16am Sep 20, 2011 9:05am | Edited 9:16am
Quoting mbqb11
Hey C

Here is a huge recent A+ beob

Let me know if it makes sense

Mike
Hey Mike, apart from the SH and the size of the bar, what other confluences does it have to make it A+?

I thought the A+ ranking required an EMA and or fibo?

Maybe we will get one on EU, around this area.
Come on Baby.
Attached Image (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 117 KB
  • #101,957
  • Sep 20, 2011 9:09am Sep 20, 2011 9:09am
Quoting Pinbar
Hey Mike, apart from the SH and the size of the bar, what other confluences does it have to make it A+?

I thought the A+ ranking required an EMA and or fibo?
Hey Pin

There is no set rule of what makes something a great trade. It's about the situation. Sometimes alone it can simply be a huge bar. Take the usd/cad weekly, recent usd/chf weekly pinbars as further examples. You don't need more then this sometimes. And yes it can be that easy.

You take this same situation and make it a small bar and the whole story changes. Here is a pure momentum shift from bulls to bears. Easy A+ in my book.

Remember all situations should be evaluated on their own. That's why the A+ word is not the best we should have started using. It makes many think we need XYZ to pull the trigger. Where as each situation is going to hold its own weight

Best
Mike
Attached Image(s) (click to enlarge)
Click to Enlarge Name: a.gif Size: 30 KB
Click to Enlarge Name: a2.gif Size: 31 KB
  • #101,958
  • Sep 20, 2011 9:19am Sep 20, 2011 9:19am
Quoting mbqb11
Hey Pin

There is no set rule of what makes something a great trade. It's about the situation. Sometimes alone it can simply be a huge bar. Take the usd/cad weekly, recent usd/chf weekly pinbars as further examples. You don't need more then this sometimes. And yes it can be that easy.

You take this same situation and make it a small bar and the whole story changes. Here is a pure momentum shift from bulls to bears. Easy A+ in my book.

Remember all situations should be evaluated on their own. That's why the A+ word is not the best we should...

Thanks Mike.

Yeah, I was looking for the XYD. LOL

Nice trade you took there, but don't you always.

And quite right too, nobody but ourselves forces us to take sub standard PA.
  • #101,959
  • Sep 20, 2011 10:12am Sep 20, 2011 10:12am
gbp/aud giving me quite the ride the past few days.
Attached Image (click to enlarge)
Click to Enlarge Name: 12121.gif Size: 40 KB
  • #101,960
  • Sep 20, 2011 11:58am Sep 20, 2011 11:58am
Quoting mbqb11
Hey C

Here is a huge recent A+ beob

Let me know if it makes sense

Mike
Quoting Pinbar
Sure, this may not be an A+ for some but, it is close for sure.

0.69100 RN, 61.8 fibo + PPZ

Trying to find a real A+ one but, I have to run. will post one later if nobody else has.

Thanks guys

Caesar
"Nature's law" is called "Reason". When perfectly understood by human it is
56 traders viewing now