james16 Chart Thread | Page 5137 | 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

  • #102,721
  • Oct 6, 2011 8:30am Oct 6, 2011 8:30am
Quoting decentchap
Thanks Greenhaze, I wasnt clear but what i meant was in terms of graphic. do you use fatter lines to show a stronger level for good visual.

Thanks for the pendrive tip - do we just save the folder under program files to do this?
It depends on the level. If its tight enough then i like to pinpoint it and draw as a single horizontal line. If its more of a wide area then blue rectangle does the job . For intraday levels trendline tool with disabled ray works good aswell.

You can have a copy of your mt4 folder on pendrive and it should execute on any computer without problems.

Cheers
  • #102,722
  • Oct 6, 2011 8:54am Oct 6, 2011 8:54am
Quoting Martynp
Stopped out of my AUD JPY trade at 73.999. +33pips first 1/2 and +20pips 2nd half. Total: 53pips

Stopped out of my USD CAD at 1.0441. +37pips first 1/3, +68pips second 1/3 and +55 last 1/3. Total: 160pips

Still in AUD/USD but tighten stop to 0.9649 in anticipation of news.

Still in GBP/AUD but tightened stop to 1.5871.
Out of AUD/USD and GBP/AUD.

AUD/USD Stopped out 0.9649 +60pips 1st 1/2, +52pips 2nd 1/2. Total: 112pips
GBP/AUD Stopped out 1.5871 +20pips 1st 1/3, +55pips 2nd 1/3, +223 last 1/3. Total: 298pips

Total pips earned has been 620 today so I am very pleased. Also pleased with what I learned which I expanded on in my journal.
  • #102,723
  • Oct 6, 2011 8:55am Oct 6, 2011 8:55am
Quoting Martynp
Out of AUD/USD and GBP/AUD.

AUD/USD Stopped out 0.9649 +60pips 1st 1/2, +52pips 2nd 1/2. Total: 112pips
GBP/AUD Stopped out 1.5871 +20pips 1st 1/3, +55pips 2nd 1/3, +223 last 1/3. Total: 298pips

Total pips earned has been 620 today so I am very pleased. Also pleased with what I learned which I expanded on in my journal.


That's a great haul of pips. Well done Martynp
  • #102,724
  • Oct 6, 2011 9:01am Oct 6, 2011 9:01am
Liking the look of the a few setups developing right now. The one that pinbar highlighted on £USD daily as a BEOB, is looking good. There's also a something interesting setting up on £CHF daily as well that needs investigating further. Then there are a couple of things that look interesting on the weekly charts as well. Hmmmm, NFP tomorrow as well.
  • #102,725
  • Oct 6, 2011 9:06am Oct 6, 2011 9:06am
oh man..
js reached home..n WTF
y do all good things come to an end...

RIP Steve Jobs..
Salute to him from all Indian Techies!!
he was really a great inspiration for me n for all of us!!
Attached Image
  • #102,726
  • Oct 6, 2011 9:07am Oct 6, 2011 9:07am
Quoting picon1


That's a great haul of pips. Well done Martynp
Thanks man. Was a good day, wish it was real cash but I don't want to run before I can crawl. These were my 1st proper trades after some messing about previously and I was surprised at what i learnt about trade management and my own psycology. I am hoping I can continue this into the rest of the month.

Hope you did well yourself.
  • #102,727
  • Oct 6, 2011 9:11am Oct 6, 2011 9:11am
Quoting AvanishDemo
oh man..
js reached home..n WTF
y do all good things come to an end...

RIP Steve Jobs..
Salute to him from all Indian Techies!!
he was really a great inspiration for me n for all of us!!
talk about leaving your footprint on the world

Real sad
  • #102,728
  • Oct 6, 2011 9:49am Oct 6, 2011 9:49am
Quoting Greenhaze
We might get daily beob with strong close below this weekly level. That might be one hell of the opportunity to enter short. I bet James is all over that
seemes things r changing to green sounds like it will form a hikakke pattern or like some ppl like to calle it a false break.. any way am watchin this trade from both sides too... good luck
Attached Image (click to enlarge)
Click to Enlarge Name: gbp002.gif Size: 14 KB
  • #102,729
  • Oct 6, 2011 10:18am Oct 6, 2011 10:18am
Quoting Martynp
Thanks man. Was a good day, wish it was real cash but I don't want to run before I can crawl. These were my 1st proper trades after some messing about previously and I was surprised at what i learnt about trade management and my own psycology. I am hoping I can continue this into the rest of the month.

Hope you did well yourself.
Yeah did pretty well on those two trades I took. Just back to looking for the next ones now.
  • #102,730
  • Oct 6, 2011 10:21am Oct 6, 2011 10:21am
Anyone looking at the confluences on euro?
  • #102,731
  • Oct 6, 2011 10:24am Oct 6, 2011 10:24am
Quoting biDc
Anyone looking at the confluences on euro?
I was just going over the daily euro chart actually. It caught my eye as I was flicking through the pairs.

Looks interesting at the moment. On initial reactions, a move up to 35 is very doable. Just need to dig further for supporting evidence.
  • #102,732
  • Oct 6, 2011 10:25am Oct 6, 2011 10:25am
EUR/NZD had a very nice setup on 4 hours (FxPro feed) and the trade turned out pretty good, but unfortunately dew to a very big spread on this pair I didn't take it.
  • #102,733
  • Oct 6, 2011 10:51am Oct 6, 2011 10:51am
Having a closer look at this setup on €USD. Some interesting numbers. Entry bar is right on a 50% fib from July 10 low to April 11 high. RN in easy reach.

Attached Image

Attached Image (click to enlarge)
Click to Enlarge Name: €USD 8H.PNG Size: 57 KB
  • #102,734
  • Oct 6, 2011 10:55am Oct 6, 2011 10:55am
Weekly PB forming...USDCAD..looking for a weekly close below 400.
I like days/weeks/months that moves up or down and then turn around @ Xtremes

Many thanks to James, Mike and all contributors
  • #102,735
  • Oct 6, 2011 12:04pm Oct 6, 2011 12:04pm
hello troops , isint that a dragon pattern on the daily gbp,usd ??? any idea ? or let me ask jackie chan ,,,
Attached Image (click to enlarge)
Click to Enlarge Name: gbp003.gif Size: 67 KB
  • #102,736
  • Oct 6, 2011 12:58pm Oct 6, 2011 12:58pm
We seem to have a potential play on EURNZD. PB off 150 EMA, might be a continuation of the impulse push upwards of last week?

Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd--pb-06 oct11.jpg Size: 78 KB


Anybody could help to see the weekly PPZ? There seem to be a problem on my charts..
  • #102,737
  • Oct 6, 2011 12:59pm Oct 6, 2011 12:59pm
Also, a question to seasoned J16 traders:

How does NFP affect your trading decisions? Do you avoid trading on NFP days?
  • #102,738
  • Oct 6, 2011 1:18pm Oct 6, 2011 1:18pm
Quoting fascist
Also, a question to seasoned J16 traders:

How does NFP affect your trading decisions? Do you avoid trading on NFP days?

Hey F

It's business as usual for me. I pay very little attention to any and all news events. Clouds the simplicity that we can find in our charts

Best
Mike
  • #102,739
  • Oct 6, 2011 1:20pm Oct 6, 2011 1:20pm
Quoting mbqb11
Hey F

It's business as usual for me. I pay very little attention to any and all news events. Clouds the simplicity that we can find in our charts

Best
Mike
Oh, have you noticed any difference between trading on NFP days and normal days? like.. its harder for the pairs to move before the news is out? or very un decided markets?
  • #102,740
  • Oct 6, 2011 1:26pm Oct 6, 2011 1:26pm
Quoting fascist
Oh, have you noticed any difference between trading on NFP days and normal days? like.. its harder for the pairs to move before the news is out? or very un decided markets?
NFP isn't as crazy as it used to be. But the general theme is markets quiet down in anticipation of NFP. All news announcements that are "big" tend to do the same things(quiet before the storm). But there are many times NFP is released and things are just as dead. As well as I have seen active markets right up till the release. I never paid much attention to it other then it's hard to not know NFP is the first friday of the month. I personally follow my charts and the flow there. The markets are going to do what they will.

Best
Mike
90 traders viewing now, 1 is registered:
Zojahamad