james16 Chart Thread | Page 5113 | 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

  • #102,241
  • Sep 26, 2011 1:21pm Sep 26, 2011 1:21pm
Quoting Caesar95
Greetings all,

Look like a potentially good, long pinbar in daily /monthly Silver/USD chart,

I'm waiting for it to close above $30 tomorrow, which also happens to be on 61 fib retracement level

Can this be A+ trade?

Any comments will be much appreciated

Caesar

I would be careful with this after the freefall. Unless it can close very bullish I personally will remain skeptical and sidelined on it. Just cause it has a long nose these often will either hit the FTA(which can NOT be ignored - see chart), or they trickle back down before the real move higher(since we now know where potential demand lays in this market place)

Just my view

Best
Mike
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 29 KB
  • #102,242
  • Sep 26, 2011 2:22pm Sep 26, 2011 2:22pm
First of all, hi to everybody here, i've been reading this thread for a few weeks and trying to get the grasp of it. Very helpful people here and very good stuff here. My first chart then : Nzd/Usd D1

Is that what you categorize as an A+ setup ?
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-09-26-TOS_CHARTS.jpg Size: 146 KB
  • #102,243
  • Sep 26, 2011 2:49pm Sep 26, 2011 2:49pm
I like this silver PIN and have a target of about 33.50 but will watch that FTA Mike pointed out like a hawk. I'm already long from 30.00 and at BE so this PIN is looking quite 'financially pornographic' already..
Attached Image (click to enlarge)
Click to Enlarge Name: silver1d_pin.gif Size: 18 KB
Anything can happen.
  • #102,244
  • Sep 26, 2011 2:58pm Sep 26, 2011 2:58pm
EUR/NZD is forming not the best PIN but off a good area though..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurnzdweekly_pin.gif Size: 18 KB
Click to Enlarge Name: eurnzd_pin.gif Size: 18 KB
Anything can happen.
  • #102,245
  • Sep 26, 2011 3:10pm Sep 26, 2011 3:10pm
Quoting aserbfx
gbp/nzd looks good for a short at around 2.0500.
I'm looking at the same thing. Hoping this will close a red PB at the EOD. One thing I'm concern about is the weekly BUOB, but it's possible we retrace down to 1.94/1.95 before another leg up.
Attached Image (click to enlarge)
Click to Enlarge Name: 12121.jpg Size: 120 KB
  • #102,246
  • Sep 26, 2011 3:35pm Sep 26, 2011 3:35pm
Quoting hopamitica
First of all, hi to everybody here, i've been reading this thread for a few weeks and trying to get the grasp of it. Very helpful people here and very good stuff here. My first chart then : Nzd/Usd D1

Is that what you categorize as an A+ setup ?
You have great support with the 365 SMA. That being said, I am new to this as well and don't know enough to have an opinion on the setup. I have a lot of reading and practice to do. But at least I know I am headed in the right direction.
  • #102,247
  • Sep 26, 2011 4:01pm Sep 26, 2011 4:01pm
Quoting hopamitica
First of all, hi to everybody here, i've been reading this thread for a few weeks and trying to get the grasp of it. Very helpful people here and very good stuff here. My first chart then : Nzd/Usd D1

Is that what you categorize as an A+ setup ?
Hey Hop welcome to the thread

a lot of pairs look like they want to put in a retrace(before the bigger move would be my guess). We still have to be very careful fighting the trend and for that reason my chart would look as follows


Hope that helps and again welcome

Mike
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 37 KB
  • #102,248
  • Sep 26, 2011 4:04pm Sep 26, 2011 4:04pm
PPZ+BRN+FIB......
Attached Image (click to enlarge)
Click to Enlarge Name: gbp cad.gif Size: 14 KB
  • #102,249
  • Sep 26, 2011 5:49pm Sep 26, 2011 5:49pm
Ah, Dec 1 2006 . It's all been answered before... Just to find it, when you need it.

Quoting dropkick-cat
E.g. I am wondering if a rule like this is realistic:

"On any trade I will take partial profit at +30 pips."
Quoting mbqb11
Ah the million dollar question. Well I think this becomes a personal thing, where your comfort level is at. I have developed my personal take profit system tht works for me. Some people only want 20-30 pips. I couldnt tell you an exact number. I do not believe in having an exact target profit level prior to entering a trade. I believe its up to the market to tell you when to exit. Never let a big winner turn into a loser though. That will mess with your head.

I know thats not a clear cut answer, but in my opinion there isnt one....
  • #102,250
  • Sep 26, 2011 6:00pm Sep 26, 2011 6:00pm
Quoting dropkick-cat
Ah, Dec 1 2006 . It's all been answered before... Just to find it, when you need it.
how does it go

seek and you shall find

Something like that LOL



Mike
  • #102,251
  • Sep 26, 2011 6:06pm Sep 26, 2011 6:06pm
Quoting mbqb11

seek and you shall find
But what a sizable haystack this is!

dkc
  • #102,252
  • Sep 26, 2011 6:07pm Sep 26, 2011 6:07pm
Quoting dropkick-cat
But what a sizable haystack this is!

dkc

so true lol, you think James could have pictured this back on page 1
  • #102,253
  • Sep 26, 2011 6:15pm Sep 26, 2011 6:15pm
Just noticed this:

http://www.forexfactory.com/images/misc/10+kt.gif 7,500 Posts

and thought: Man, that's a BRN right there.

Stuff's getting to my head...

Congrats on the milestone

dkc
  • #102,254
  • Sep 26, 2011 6:17pm Sep 26, 2011 6:17pm
Quoting dropkick-cat
Just noticed this:

http://www.forexfactory.com/images/misc/10+kt.gif 7,500 Posts

and thought: Man, that's a BRN right there.

Stuff's getting to my head...

Congrats on the milestone

dkc

thanks buddy , FF reset most us old folks numbers, so this makes me look more sane(I think)

I love this stuff and this thread makes it fun as hell for a lot of us

Mike
  • #102,255
  • Sep 26, 2011 6:18pm Sep 26, 2011 6:18pm
Quoting Pinbar
Thanks B

As I was reading the "Now that you called me on it", I was thinking my eyes were going to see the digits 73. They did not fall upon that number. LOL

Right now, these are the only pairs, I am looking at & following.
I have to stop postingwhilst BBQ'n, and Entertaining.
73.286 & Thank You. You Stopped me from being silly.

Attached Image (click to enlarge)
Click to Enlarge Name: weekly southt to 73.xxx.gif Size: 34 KB



B
  • #102,256
  • Edited 8:54pm Sep 26, 2011 8:33pm | Edited 8:54pm
Quoting dropkick-cat
Just noticed this:

http://www.forexfactory.com/images/misc/10+kt.gif 7,500 Posts

and thought: Man, that's a BRN right there.

Stuff's getting to my head...

Congrats on the milestone

dkc
I think Mike's actual number is more like 107,500 posts . . .lol . . and that's not even counting the PF posts . .

Mike (mbqb11) is an incredible guy . .he is so readily available . .so quick to help anyone who asks, at any time . . day or night. . .to beginning traders to veteran traders . . . I don't how he does it . . I would need a staff of 10 people to keep up with him. . .meaning to do what he does.

He is definitely the best asset of this thread . .of forex factory . .hell, the whole freaking trading internet.

If you do have a question that you need a professional answer . .search out Mike's thousands of posts in this thread . ."Search this Thread" is a great thread tool . . .if you can't find it there . .Mike will be right there to answer it. . .it truly is awesome . .

I could go on and on . .


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #102,257
  • Sep 26, 2011 8:34pm Sep 26, 2011 8:34pm
Guy's am I on the right track here using PA us a continuation setup? IBM BUOB (red arrow) and Cocoa Futures BEOB (red arrow) --two charts attached below--
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ibm.png Size: 40 KB
Click to Enlarge Name: cocoa.png Size: 41 KB
  • #102,258
  • Sep 26, 2011 8:37pm Sep 26, 2011 8:37pm
Quoting jarroo
I think Mike's actual number is more like 107,500 posts . . .lol . . and that's not even counting the PF posts . .

Mike (mbqb11) is an incredible guy . .he is so readily available . .so quick to help anyone who asks, at any time . . day or night. . .to beginning traders to veteran traders . . . I don't how he does it . . I would need a staff of 10 people to keep up with him.

He is definitely the best asset of this thread . .of forex factory . .hell, the whole freaking trading internet.

If you do have a question that you need a professional...
dude your making me blush, certainly nice of you but don't make my head big its only monday i have an entire week to mess up yet

but thanks man
  • #102,259
  • Sep 26, 2011 8:38pm Sep 26, 2011 8:38pm
Quoting TransPorter
Guy's am I on the right track here using PA us a continuation setup? IBM BUOB (red arrow) and Cocoa Futures BEOB (red arrow) --two charts attached below--
Hey TP

I love love love that beob on cocoa, that is as good as it gets for me. Clear levels, nice beob under multi bar lows, strong close

Not a huge fan of IBM , it's a nice level to watch, but I like the structure of cocoa a lot

Best
Mike
  • #102,260
  • Sep 26, 2011 8:41pm Sep 26, 2011 8:41pm
Quoting mbqb11
dude your making me blush, certainly nice of you but don't make my head big its only monday i have an entire week to mess up yet

but thanks man
Its not said often enough, Mike . .I thought I would remind some people . .I know thousands already know this . .I just thought I would say it out loud . . . .


Jim
Indicators show the past. Price Action "Indicates" the future.
384 traders viewing now