james16 Chart Thread | Page 5420 | 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

  • #108,381
  • Mar 3, 2012 12:25pm Mar 3, 2012 12:25pm
Quoting Bryan
I think this has a lot to do with account size. I for one know I tend to over trade and throw money management out the window, trying to grow a small account. However, If say, 50 pips weekly would make you a small fortune risking only 1/2% of ones account, wouldn't it be easier to only take the "for sure" trades? I think it would be for me. But it's a double edged sword.....I'll never grow my account being foolish. And I'll never get anywhere (fast) being careful.
It is not as much about making it fast as it is about making it at all. Don't forget the vast majority don't make it. A bell should ring . . .

g.
I believe . . .
  • #108,382
  • Mar 3, 2012 12:56pm Mar 3, 2012 12:56pm
Quoting annu333
I have also been a silent follower of this amazing thread and been thinking of joining the J16. Before I have done everything like a rookie does (burning money) and when I first started to read this thread, I just commanded myself to run against the wall like I have done so far. 40 trades a day no problem... profit...aaa You would say when I was "lucky". Then I started do demoing again and looking for other possibilities. And here I am. Last month I did 4 trades (2 were old habits, one was stopped by right SL and the last one made all the others...
Hey Annu

Very cool my friend, this is all part of the process. I am sure some people come to this thread every day and are both put off by the size, and by the different "language" and approach. It can be very daunting. I remember when we used to "ooo and ahhh" about this thread being a few hundred pages lol. So I can imagine. But it does get easier, and if you keep at it you will continue to make progress like you are

Hope we do hear more from ya

Mike
  • #108,383
  • Mar 4, 2012 2:11am Mar 4, 2012 2:11am
Quoting brzvadeg
Pin bar is very small. Look at the previous bar.
Very true brzvadeg. Also the Monthly 365ema and the Weekly 0.8189 PPZ are acting as support. Am actually looking for a bullish PA around there or around 0.8069 if the D1 and Weekly BEOB breaks.

Ralph
SNR with Price Action...
BitCrossNG Return Today: na
  • #108,384
  • Mar 4, 2012 2:31am Mar 4, 2012 2:31am
Quoting Fxnumen
Very true brzvadeg. Also the Monthly 365ema and the Weekly 0.8189 PPZ are acting as support. Am actually looking for a bullish PA around there or around 0.8069 if the D1 and Weekly BEOB breaks.

Ralph
we can only wait. I would have watched the level of 0.82700. if the price comes back, I would have thought about selling.
  • #108,385
  • Mar 4, 2012 2:34am Mar 4, 2012 2:34am
Quoting Fxnumen
Very true brzvadeg. Also the Monthly 365ema and the Weekly 0.8189 PPZ are acting as support. Am actually looking for a bullish PA around there or around 0.8069 if the D1 and Weekly BEOB breaks.

Ralph
although the price seems to have returned on h4.
  • #108,386
  • Mar 4, 2012 2:39am Mar 4, 2012 2:39am
There's a nice 2 weeks Pin bar on eur/usd. Could be signaling the end of the weekly Bearish flag. Tho its trading into some support, at least it closed below 1.3200 BRN, 365ema and the most recent H4 box.

My 2 cents.

Ralph
Attached Image(s) (click to enlarge)
Click to Enlarge Name: w1 eurusd.gif Size: 31 KB
Click to Enlarge Name: h4 eurusd.gif Size: 32 KB
SNR with Price Action...
BitCrossNG Return Today: na
  • #108,387
  • Mar 4, 2012 2:52am Mar 4, 2012 2:52am
Quoting Fxnumen
There's a nice 2 weeks Pin bar on eur/usd. Could be signaling the end of the weekly Bearish flag. Tho its trading into some support, at least it closed below 1.3200 BRN, 365ema and the most recent H4 box.

My 2 cents.

Ralph
agree. But I watched as the price will behave in a trend line.look ema 365 and 150 h4
Attached Image (click to enlarge)
Click to Enlarge Name: ??.gif Size: 32 KB
  • #108,388
  • Mar 4, 2012 3:14am Mar 4, 2012 3:14am
Quoting ghous
It is not as much about making it fast as it is about making it at all. Don't forget the vast majority don't make it. A bell should ring . . .

g.
Hero calls followed by margin calls...
  • #108,389
  • Mar 4, 2012 4:20am Mar 4, 2012 4:20am
A few months into my FX journey I've finally arrived at the daily TF.
I slowly worked myself upwards from 5 mins and as the TF lenghtened my chart also became less and less indicator based.

I've read that this is the TF were noobs should begin, but of course I didnt listen. I just needed to pull the trigger all the time, I had to be in the market, otherwise I thought I am missing something out.
But thats just how it is, and now that I've experinced this process for myself, it makes it easier to be patient and picky about trades, cause I see the rationale behind it.

Anyway, I'm still just starting out wih PA and daily TF, but as I was able to bank my biggest gain ever it helps the confidence.
Thoughts are things
  • #108,390
  • Mar 4, 2012 4:52am Mar 4, 2012 4:52am
+ Good size
+ Great location. Formed at swing high at a great confluence of: upper boundary of the downtrend channel, the BRN 1.35, Fib 50.0 of last bearish swing and unconfirmed daily/weekly/monthly resistance levels at 1.3390
+ Good close
+ Monthly trend down
+ Weekly trend at range
- The internal unconfirmed daily/weekly/monthly resistance levels at 1.3390
- The weekly support at 1.3137 is our FTA which is too close for price to run

The two period pin is a valid bearish controlling candle according to my criteria. Thus, I am bias waiting to see a bearish price action at the daily timeframe. Moreover, knowing the weakness of the weekly two period pin and I am referring to the unconfirmed confluence of resistance levels at 1.3290, we have a real level to monitor for price action.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu w1.gif Size: 31 KB
Click to Enlarge Name: eu d1.gif Size: 26 KB
  • #108,391
  • Mar 4, 2012 5:05am Mar 4, 2012 5:05am
Quoting brzvadeg
agree. But I watched as the price will behave in a trend line.look ema 365 and 150 h4
Attachment
What about this? Dreamz are free
Attached Image (click to enlarge)
Click to Enlarge Name: mb.png Size: 44 KB
  • #108,392
  • Edited 6:26am Mar 4, 2012 5:22am | Edited 6:26am
Quoting Pinbar
...Just back from a night on the town after spending 3 days in the hospital getting IV drips, in minus 28C temps.....
No worries buddy,

Let me temp you for a couple of days before you feel better now Steve and rejoin us here today

For a EUR/CAD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cad weekly.jpg Size: 87 KB
Click to Enlarge Name: cad monthly.jpg Size: 91 KB
  • #108,393
  • Mar 4, 2012 5:36am Mar 4, 2012 5:36am
Quoting Variance
What about this? Dreamz are free
I hope you have this chart taken from the future!?
  • #108,394
  • Edited 6:21am Mar 4, 2012 5:42am | Edited 6:21am
I wonder what the relationship might be between the GBP/NZD and AUD/CAD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPNZD.jpg Size: 166 KB
Click to Enlarge Name: AUDCAD weekly.png Size: 103 KB
  • #108,395
  • Mar 4, 2012 5:43am Mar 4, 2012 5:43am
Quoting brzvadeg
I hope you have this chart taken from the future!?
I wish
  • #108,396
  • Edited 6:02am Mar 4, 2012 5:50am | Edited 6:02am
USDCZK....
Attached Image (click to enlarge)
Click to Enlarge Name: USDCZK2.png Size: 108 KB
  • #108,397
  • Edited 6:24am Mar 4, 2012 6:09am | Edited 6:24am
sitting on an immediate TA, but notice the ascending trendline joining the two spikes from our box and two fibs
Attached Image (click to enlarge)
Click to Enlarge Name: soybeans.png Size: 98 KB
  • #108,398
  • Mar 4, 2012 9:35am Mar 4, 2012 9:35am
hi all!

i would know what do you think about these possible trades

how many of you would have taken this 1h pb? is it too small to consider it a tradable pin?

and looking at the 4h chart how could i have traded the bearish breakout of the blue rectangle? and what about the buob with the red arrow? with this one i'd have preferred a stronger close but i like the location.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: h1 pb.gif Size: 17 KB
Click to Enlarge Name: h4 break e buob.gif Size: 17 KB
  • #108,399
  • Mar 4, 2012 1:49pm Mar 4, 2012 1:49pm
Quoting 5.25
Hey Heeby

I'm no senior but this is how I see it.

Nice bearish bar on the W1 Chart. Entry short at 0.8274 + Spread. Former support, becomes new found resistance. 38.2% fib retracement as confluence. Exit at 0.8138.

The D1 Double High Lower Close did much the same thing:



Hope this helps.

(Not a trade recommendation, just my view of course.)
I'm watching this BEOB as well, the size of it is great, also the level (0.8400) is strong if you zoom out on the weekly you can see how price has reacted to it. It's also showing a pin on the monthly and the daily has a nice double top formation.

I like it a lot although it is counter trend. I like a bounce off a retest of the 78.6 for a confirmation of support turned resistance.

That uptrend does trouble me though....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdcad1wzoomout.gif Size: 26 KB
Click to Enlarge Name: nzdcadmonthly.gif Size: 24 KB
Anything can happen.
  • #108,400
  • Mar 4, 2012 1:51pm Mar 4, 2012 1:51pm
Quoting ddinnov

I like a bounce off a retest of the 78.6 for a confirmation of support turned resistance.
.
Daily chart and weekly BEOB chart added
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdcad1d.gif Size: 25 KB
Click to Enlarge Name: nzdcad1w.gif Size: 26 KB
Anything can happen.
383 traders viewing now