james16 Chart Thread | Page 5177 | 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

  • #103,521
  • Oct 25, 2011 10:27am Oct 25, 2011 10:27am
hi Novice , no expert but my understanding is that we sell at the market price, and buy at market , less brokerage,
so if we go long long the brokerage is paid up front and when we close the trade it is at the market price,
Short we enter at market and pay brokerage when we close ,, ie market price less brokerage
Mike
  • #103,522
  • Oct 25, 2011 10:35am Oct 25, 2011 10:35am
I know the day isn't over yet, but given the news this is what I'm now watching for a potential long tomorrow. (FYI I don't trade anything less than daily).

Lots of confluence!

Happy trading one and all.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.jpg Size: 263 KB
  • #103,523
  • Oct 25, 2011 10:42am Oct 25, 2011 10:42am
Yeh Sir pipa,
PB used this as a possible example of a touch trade ( see post 103501) and when attempting to exlain Jaroo's touch trade method in a later post he mentioned that Jarroo might wait for a pullback,,
So, yes, if this comes back to retest the support level , could look interesting
Mike
  • #103,524
  • Oct 25, 2011 10:54am Oct 25, 2011 10:54am
in fact looking at the 1h chart there's a PB right there between the 150 ma and 365 ma. looking for a short, , and if you think ( hope) that it'll pull back to the support line mmmmmm but I dont trade 1h unfortunately
mike
  • #103,525
  • Oct 25, 2011 11:04am Oct 25, 2011 11:04am
Yeah, personally I would stear clear of the 1hour pin bar, but that's just me and my style of trading. Also against the longer term trend. Just think the daily offers a higher probable trade in this instance.

Having said that PB low looking to break as I type though.....which in turn could threaten the BUOB on the daily!

SP
  • #103,526
  • Oct 25, 2011 11:51am Oct 25, 2011 11:51am
I'm gonna take a look at the charts when I get back in. Been out shopping all day so only had the mobile for price updates. Last I looked $CAD had put in a really nice move away from parity.
  • #103,527
  • Edited 1:36pm Oct 25, 2011 12:13pm | Edited 1:36pm
NZDUSD Daily
PPZ in red based on weekly and added a Daily fibo to see further confluence..

Yesterday we have a variation of a pin bar- not a pin bar because the body of the bar isn't inside the previous candle's body however the psychology behind the bar is similar to that of a pin bar.

Also bar top touched the green TL and PPZ then retraced nicely.

Today is not finished but will be watching the close of the daily if below 0.8000 which is just above fibo 38.2
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD daily.png Size: 28 KB
  • #103,528
  • Oct 25, 2011 2:04pm Oct 25, 2011 2:04pm
Quoting jarroo
Looks like the true Weekly LCS was this Open, 76.47. . .the Weekend Close . .damn you gaps!! . Then PBT&CB on the weekly and Bam!. . . . .
This may not come as a surprise to you... Price broke through daily AND weekly highest close of support, and look where price flipped from support to resistance on the hourly

There's something in this Jarroo
Attached Image (click to enlarge)
Click to Enlarge Name: 110_gold h1.jpg Size: 76 KB
  • #103,529
  • Oct 25, 2011 4:27pm Oct 25, 2011 4:27pm
Hi Guys,

I noticed this setup on Daily CAD CHF.
DBHLC(infact three matching highs within 3 pips) - showing trend continuation.
breaking out of a wedge pattern.
With trend
Limit sell 8700 - stop loss 8825

FTA 8609
Attached Image (click to enlarge)
Click to Enlarge Name: cadchf.gif Size: 29 KB
Trading is a test match not a Twenty20.
  • #103,530
  • Oct 25, 2011 6:19pm Oct 25, 2011 6:19pm
Quoting decentchap
Hi Guys,

I noticed this setup on Daily CAD CHF.
DBHLC(infact three matching highs within 3 pips) - showing trend continuation.
breaking out of a wedge pattern.
With trend
Limit sell 8700 - stop loss 8825

FTA 8609
Do you not notice the Rather large Reverse Head & Shoulders Pattern?

If you go up to a higher TF, you will probably see a large, bullish PB or BUEOB. This is what this patterns is on a larger TF.
My broker does not have this pair so, I am unable to check it out.
Attached Image (click to enlarge)
Click to Enlarge Name: cadchf.gif Size: 40 KB
  • #103,531
  • Oct 25, 2011 6:21pm Oct 25, 2011 6:21pm
Quoting Pinbar
Do you not notice the Rather large Reverse Head & Shoulders Pattern?

If you go up to a higher TF, you will probably see a large, bullish PB or BUEOB. This is what this patterns is on a larger TF.
My broker does not have this pair so, I am unable to check it out.
yep nice chart PB, you are doing great bud and helping a ton

Check out the 8500 "zone"


Best
Mike
  • #103,532
  • Oct 25, 2011 6:29pm Oct 25, 2011 6:29pm
Quoting mbqb11
yep nice chart PB, you are doing great bud and helping a ton

Check out the 8500 "zone"


Best
Mike
Are you up early or late?

7:30 am here...I like to get up at 6 am to put in a couple of hours before I go to work.

I am only passing on a small fraction of the help, I myself have been afforded.
  • #103,533
  • Oct 25, 2011 6:36pm Oct 25, 2011 6:36pm
Price is starting to round off on Gu and create DIV on H4 but, it is still hanging up there. H1 Div is starting to look impressive.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4.jpg Size: 107 KB
Click to Enlarge Name: 1.jpg Size: 105 KB
  • #103,534
  • Oct 25, 2011 6:38pm Oct 25, 2011 6:38pm
Quoting Pinbar
Do you not notice the Rather large Reverse Head & Shoulders Pattern?

If you go up to a higher TF, you will probably see a large, bullish PB or BUEOB. This is what this patterns is on a larger TF.
My broker does not have this pair so, I am unable to check it out.
Thanks for pointing that out PB..There is a PB on Monthly. I have attached the chart for your ref. I shall sit on the sidelines and monitor the progress of this.
Attached Image (click to enlarge)
Click to Enlarge Name: cadchf.gif Size: 37 KB
Trading is a test match not a Twenty20.
  • #103,535
  • Oct 25, 2011 7:05pm Oct 25, 2011 7:05pm
Quoting decentchap
Thanks for pointing that out PB..There is a PB on Monthly. I have attached the chart for your ref. I shall sit on the sidelines and monitor the progress of this.
Watch out for the low on the left.
Attached Image (click to enlarge)
Click to Enlarge Name: cadchf.gif Size: 54 KB
  • #103,536
  • Oct 25, 2011 7:26pm Oct 25, 2011 7:26pm
I believe that the bearish pin bar was caused by govt intervention.

Quoting Pinbar
Watch out for the low on the left.
  • #103,537
  • Oct 25, 2011 8:27pm Oct 25, 2011 8:27pm
Quoting mbqb11
update before the weekend

Price used our first area as support when it broke through. Bounced at area 2(second blue line), now approached top of the pattern and it would be more then fine closing this out now. Gonna see how it develops though myself


Have a nice weekend all

Mike
updated chart

Price pulled back some, and then went sideways. Notice the rising TL , that is what I am using to manage this trade for now. Price consolidated, then hit that rising TL and has broke higher so NOW I moved my stop up to lock in profit and see what happens next



Mike
Attached Image (click to enlarge)
Click to Enlarge Name: a3.gif Size: 25 KB
  • #103,538
  • Oct 25, 2011 8:28pm Oct 25, 2011 8:28pm
Quoting Pinbar
Are you up early or late?

7:30 am here...I like to get up at 6 am to put in a couple of hours before I go to work.

I am only passing on a small fraction of the help, I myself have been afforded.
Just the evening here for me, just had a nice webinar and now I get to break in Battlefield 3
  • #103,539
  • Oct 25, 2011 8:29pm Oct 25, 2011 8:29pm
Quoting mbqb11
updated chart

Price pulled back some, and then went sideways. Notice the rising TL , that is what I am using to manage this trade for now. Price consolidated, then hit that rising TL and has broke higher so NOW I moved my stop up to lock in profit and see what happens next



Mike
Awesome Mike . . Classic . .
Indicators show the past. Price Action "Indicates" the future.
  • #103,540
  • Oct 25, 2011 8:30pm Oct 25, 2011 8:30pm
Quoting mbqb11
Just the evening here for me, just had a nice webinar and now I get to break in Battlefield 3
I'm finishing up Rage . .
Indicators show the past. Price Action "Indicates" the future.
142 traders viewing now