james16 Chart Thread | Page 5393 | 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

  • #107,841
  • Feb 23, 2012 1:52pm Feb 23, 2012 1:52pm
Quoting heebbyjeeby
Gold approaching interesting levels. Looking for a short set-up.

http://my.jetscreenshot.com/11256/m_...-o0zx-80kb.jpg

What ya think mike?
Hey Heeby

I would be more interested in watch the BRN up at 1800. Coming off some strong bullish action we could get above 1800 turn to support and look to retest the all time highs (that's when I will really really be interested)

Best
Mike
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 27 KB
  • #107,842
  • Feb 23, 2012 2:57pm Feb 23, 2012 2:57pm
Quoting Rust
Hi guys , wanna share a real bummer today Please don't laugh at my mismanagement .
Entered on this breakout buob . Next bar retraced just to the TL and PPZ , which was absolutely ok . And then on the next one price dropped lower , so i said to myself , ok maybe it isn't what i want , so cut out . You can see what happend next ...
Don't feel like the Lone Ranger Rust. If you look back a few posts, I threw up a demo trade that Mike gave me a little refresher course on and it did exactly as he thought. So I bank a rather large loss (Demo) and look like a big fool because I have been part of J16 for a few years now. I should know better and still blunder. Thats the second one this week.

Just hang in there and learn to trust what ya see. It'll all come out in the wash.

Good Trading
Mike
  • #107,843
  • Feb 23, 2012 3:08pm Feb 23, 2012 3:08pm
Quoting heebbyjeeby
Gold approaching interesting levels. Looking for a short set-up.

http://my.jetscreenshot.com/11256/m_...-o0zx-80kb.jpg

What ya think mike?
I took that from m5 DBHLC and retest. Had my eye on that level and got 69 pips out of it. Quite an experimental one for me. Someone mentioned the supply demand thread 'Price is everything' and this was my first go with some of that combined ...

Attached Image (click to enlarge)
Click to Enlarge Name: gold m5 230212.gif Size: 23 KB


Tiny initial SL and then SL to BE within minutes. Largely free trade. Quite pleased with that although i'll probably balls up something else to cancel it out
  • #107,844
  • Feb 23, 2012 3:35pm Feb 23, 2012 3:35pm
I've got another 30 minutes left on my chart broker's daily candle. USD/JPY is forming a nice 2 day pin.

Looks to close under 80.0 by a hair, and is also being rejected by the 365 EMA.

I'll take a stab here and try to work her down to 78.5 or so.

(today's candle close may not be low enough to form a proper pin, but I'm going to try it based on location and confluence)
Attached Image (click to enlarge)
Click to Enlarge Name: usd jpy pin.PNG Size: 40 KB
  • #107,845
  • Feb 23, 2012 4:45pm Feb 23, 2012 4:45pm
Quoting equivestor12
Thank's WH, Didn't see the PPZ zone, even so I don't think it would have affected my entry decision. James16 took this same trade for a loss of 35 pips, although I believe he took it off the daily and how is this not a PIN BAR? - LOL
Hey, equivestor.

The reason it was not technically a pinbar, is because the body of the bar was not within the previous bar (see chart). But I agree with you that it had pretty decent confluence to back it up.

Best regards,
William
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd2.png Size: 41 KB
  • #107,846
  • Edited 6:02pm Feb 23, 2012 5:46pm | Edited 6:02pm
Quoting Variance
Hey PB,

Where's your old title? Is it currently vacant? If so, may I take it?

*edit* I feel ready to break out of my wedge now, to allow some of the previous resistance to become very strong support for a decent move up
Must have gotten trashed by the board.

Thanks for reminding me.

We got the breakout at this area although that bar did not end up a BUEOB.
Attached Image (click to enlarge)
Click to Enlarge Name: 3.jpg Size: 111 KB
  • #107,847
  • Feb 23, 2012 5:51pm Feb 23, 2012 5:51pm
Quoting jarroo
...I guess will see how strong those Weekly levels really are . .

Jim
I traded this setup with the same mindest. Not the outcome I was expecting. Hey, they happen...

T
  • #107,848
  • Edited 6:08pm Feb 23, 2012 5:54pm | Edited 6:08pm
Hello J16,

This was a daily trade I took today with a smaller timeframe breakdown. Looking for any and all feedback on the daily aspect and management of the trade. And any feedback of whether or not this is the type of chart postings you wish in the thread. Will remove at request if it is not deemed value added or potentially confusing.


Trade Management: (detailed on 30m chart)
Entry at break, stop loss below IB low.
Move stop to BE at TP1 (50% profit),
Profit pull at TP2 (45% profit) and 35 pip trail stop engaged (which triggered at 1.3306 but was only 5% of total lot size of trade...was angling for the potential non-stop express run to 1.34 if it materialized)

I know some of my 30m annotations do not conform with J16 trade parameters...especially for newer people who are trying to learn the basics. So if I need to reannotate the 30m chart, please let me know and I will gladly do so, but I think they still add value even if for nothing more than "don't do that!" :-)

Respect and Appreciation,

B
Attached Image (click to enlarge)
Click to Enlarge Name: J16 trade post 1.jpg Size: 123 KB
  • #107,849
  • Feb 23, 2012 6:12pm Feb 23, 2012 6:12pm
AUD/USD could be setting up for a pullback.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3.jpg Size: 87 KB
Click to Enlarge Name: 2.jpg Size: 91 KB
  • #107,850
  • Feb 23, 2012 6:16pm Feb 23, 2012 6:16pm
Hoping I could get some feedback on this possible trade set-up.

The location and size seem solid and the bounce was off a strong monthly PPZ albeit 2002. Not sure if I drew the FTA correctly, but if I did their seems to be plenty of room to breath. Moreover, the sentiment seems to be bullish on the EURO.

Therefore, I thought it was a decent trade.

Attached Image (click to enlarge)
Click to Enlarge Name: eur-nok.gif Size: 15 KB
  • #107,851
  • Feb 23, 2012 6:24pm Feb 23, 2012 6:24pm
now notice my 2 red lines, we are going boxed/sideways for the moment in this market, we have a BUOB on the bottom of the box, so where do you think price is going next before taking another reaction?
Attached Image (click to enlarge)
Click to Enlarge Name: trade3.gif Size: 20 KB
  • #107,852
  • Feb 23, 2012 6:37pm Feb 23, 2012 6:37pm
Quoting deankenny21
now notice my 2 red lines, we are going boxed/sideways for the moment in this market, we have a BUOB on the bottom of the box, so where do you think price is going next before taking another reaction?

But what does price often do on a break of a BUEOB?

Go back to test the previous bar high.

Either way, it does or it doesn't.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 90 KB
Click to Enlarge Name: 1.jpg Size: 91 KB
  • #107,853
  • Feb 23, 2012 6:40pm Feb 23, 2012 6:40pm
Quoting hometrading
Took this trade 1 hour ago, looking good thus far. Will watch for PA when it gets to FTA to decide if I take of part of trade, definetely move stop to BE.
System works operator still learning. The AUDNZD reached the FTA while I was sleeping. Was periodically checking the trade on a 5 min chart and (silly me) exited for 10 pips after really going nowhere for most of the day.

On a positive, my analysis was correct and I made some pips with the trade.

Patience is a virtue!

Ended the day with a Pin Bar, tempted to re-enter, but unsure if I am just chasing the trade now. Past experience showed me it is better to let go and wait for next opportunity to arrive.
Attached Image (click to enlarge)
Click to Enlarge Name: $AUDNZD (Daily) 24_09_2011 - 25_02_2012.jpg Size: 107 KB
  • #107,854
  • Feb 23, 2012 6:43pm Feb 23, 2012 6:43pm
Quoting Rosco_P
Hoping I could get some feedback on this possible trade set-up.

The location and size seem solid and the bounce was off a strong monthly PPZ albeit 2002. Not sure if I drew the FTA correctly, but if I did their seems to be plenty of room to breath. Moreover, the sentiment seems to be bullish on the EURO.

Therefore, I thought it was a decent trade.

Attachment

This is a very nice pin bar of nice big size , crossed and just closed above the big round number 7.5 and also crossed and closed above the PPZ area drawn in Yellow . In my point of view , stops could be kept really tight below this area and round number 7.5 !!!

But , the way I learned , these are the trouble area's that are coming in way that I drew in orange color . I don't know whats your way of trading , but these would be the area's I would be looking and trailing my stops with !!!
Attached Image (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 125 KB
Human
  • #107,855
  • Feb 23, 2012 7:02pm Feb 23, 2012 7:02pm
Anyone know how to easily convert an MT4 indicator from an EXE file to an MQ4?
  • #107,856
  • Feb 23, 2012 7:36pm Feb 23, 2012 7:36pm
Chanya,

I saw those FTA's that you have drawn at 7.5565 anf 7.5529 but I wasn't sure if their was enough their to warrant an "FTA" tag per se. Thanks for the clarification.

I haven't really defined my trading style just yet and still have so much to learn, but using PPZ's/S/R as a trailing stop is a great idea.

Thanks again for the help it is much apprecaited!!
  • #107,857
  • Feb 23, 2012 7:42pm Feb 23, 2012 7:42pm
EUR/CAD could possibly become interesting.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 78 KB
  • #107,858
  • Feb 23, 2012 7:53pm Feb 23, 2012 7:53pm
Quoting Pinbar
But what does price often do on a break of a BUEOB?

Go back to test the previous bar high.

Either way, it does or it doesn't.
thats right and keeping it this simple sometimes just makes it so easy, i think 3 out of 4 of my last trades have been box plays, with 2 of them breaking for alot more. one of which is my short usdchf
  • #107,859
  • Feb 23, 2012 7:57pm Feb 23, 2012 7:57pm
Here comes the RT.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 131 KB
  • #107,860
  • Feb 23, 2012 8:06pm Feb 23, 2012 8:06pm
Quoting deankenny21
thats right and keeping it this simple sometimes just makes it so easy, i think 3 out of 4 of my last trades have been box plays, with 2 of them breaking for alot more. one of which is my short usdchf

Yes, I think it is human nature to over-complicate things.
Perhaps humans find comfort in complications, rather like religion and the incomprehensible.

You know, "Why am I here" instead of, "I am here & price is there". LOL
124 traders viewing now