james16 Chart Thread | Page 5434 | 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

  • #108,661
  • Mar 11, 2012 10:48am Mar 11, 2012 10:48am
Quoting farbeh
Thanks Mike, makes good sense. At this stage would one wait for a retrace on lower tF to any confluence for a re/entry? as in the weekly e.g. bounce of the red zone.

Farshad
yep you absolutely could

Once price can get under a strong zone when it pulls back is a great area to watch for trades(especially when you can get a bunch of confluence to stack up on an area you are watching)

Best
Mike
  • #108,662
  • Mar 11, 2012 10:51am Mar 11, 2012 10:51am
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 124 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eurusd2.jpg Size: 134 KB
Hero calls followed by margin calls...
  • #108,663
  • Mar 11, 2012 11:03am Mar 11, 2012 11:03am
Quoting PhAnTi'
Attachment

Attachment
  • #108,664
  • Edited 12:31pm Mar 11, 2012 11:47am | Edited 12:31pm
Quoting mbqb11
yep you absolutely could

Once price can get under a strong zone when it pulls back is a great area to watch for trades(especially when you can get a bunch of confluence to stack up on an area you are watching)

Best
Mike
i love trading retests of breakouts especially if we follow the trend.

A straight and strong pushbar bashing a previous major support or resistance level symbolizes a clear trend,way,direcction...call it however you like to....

if we then get a retest of prior trouble area we can enter very very cheap just by following the upcoming trend with a tiny stop and a huge target ( in swinging ) with a high successrate.... see example below ... ( check as well the eu h1 example above )

hope this is useful to at least one of the readers and followers here...otherwise my work was for nothing :-p

please dont see the black line as single level.... you should definietly think in ranges and areas, define an area and wait for prive approaching and acting before entering...but never enter a trade just because price corssed and closed one single price level such as the black line here... thats one big difference between bar charts and line charts....

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 130 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd2.jpg Size: 168 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd3.jpg Size: 156 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd4.jpg Size: 171 KB


yours sincerely,
jonas



Edit: of course pigs get slaughtered...not pips ...
Hero calls followed by margin calls...
  • #108,665
  • Mar 11, 2012 12:09pm Mar 11, 2012 12:09pm
another up-to-date beauty :

here we even get a little bonus with the 1.6000 lvl as VBRN .... ill place my stop right above this level, target as displayed.

Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd.11.3.2011.jpg Size: 149 KB


kindest regards,
Jonas
Hero calls followed by margin calls...
  • #108,666
  • Mar 11, 2012 12:29pm Mar 11, 2012 12:29pm
follow the trend .... search entry points...define targets...define stop levels and accept the loss before entering..

Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad.11.3.2012.1.jpg Size: 133 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad.11.3.2012.2.jpg Size: 128 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad.11.3.2012.3.jpg Size: 117 KB


as we see we do have quiet a lot of setups .... to make money in the long run we dont need 10 trades a day... a couple of good trades a month are completely enough
Hero calls followed by margin calls...
  • #108,667
  • Mar 11, 2012 12:35pm Mar 11, 2012 12:35pm
Quoting PhAnTi'
follow the trend .... search entry points...define targets...define stop levels and accept the loss before entering..

Attachment

Attachment

Attachment
Because Trend is your friend

I'm JOIN in this thread...
Always looking the GREAT, never left GOOD Point...
  • #108,668
  • Mar 11, 2012 12:47pm Mar 11, 2012 12:47pm
Quoting cprao
Thank you Ghous. on GJ, was the previous weekly bar on GJ a IPB ? The close of the previous bar higher than it's previous bar.

Yes. on GJ, there are three bars almost next to each other, which does not make a perfect IPB setup, right ?
That's right it wasn't an IPB by definition but the location sure was sweet with the bar itself straddled at the BRN 130. Its these kinds of locations that can really make these bars worth the while.

And regarding an IPB following an IPB, it does take away some from the pie of perfection because like I said the first reaction is always the strongest in the sense that the first IPB (or the bar that looked like one) did eat up on the bearish orders that you would expect to hit the market on a BRN as price approaches it from the underside, and while it might do something similar on the second time round, I for one don't really like forcing the issue on the markets.

g.
I believe . . .
  • #108,669
  • Mar 11, 2012 1:22pm Mar 11, 2012 1:22pm
Quoting ghous
That's right it wasn't an IPB by definition but the location sure was sweet with the bar itself straddled at the BRN 130. Its these kinds of locations that can really make these bars worth the while.

And regarding an IPB following an IPB, it does take away some from the pie of perfection because like I said the first reaction is always the strongest in the sense that the first IPB (or the bar that looked like one) did eat up on the bearish orders that you would expect to hit the market on a BRN as price approaches it from the underside, and while...
Makes sense. 130 is really acting like a wall on the first IPB. Though 130 is still there but on the second time or subsequent times (not the first time) buyers may have more power to break 130 wall.
The key for IPB is - 1) First time 2) absolute swing high/low 3) long wic in relation to the previous bar (should not be seen as IB) 4) resistance it is running into , the more resistance the more better and if the resistance is coupled with a BRN makes it more sweet.

I believe the first IPB had all the above characteristics.
  • #108,670
  • Mar 11, 2012 1:33pm Mar 11, 2012 1:33pm
What do you guys think?
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy_weekly.gif Size: 18 KB
  • #108,671
  • Mar 11, 2012 1:46pm Mar 11, 2012 1:46pm
Quoting zamfir
What do you guys think?
i think you should use blue bullish bars instead of green ones....












attach some kind of description to your chart before posting here.....
seriously..how shall we treat such kind of posts ?
Hero calls followed by margin calls...
  • #108,672
  • Mar 11, 2012 1:58pm Mar 11, 2012 1:58pm
Quoting PhAnTi'
i think you should use blue bullish bars instead of green ones....













attach some kind of description to your chart before posting here.....
seriously..how shall we treat such kind of posts ?
Please, you don't have to reply if you don't want to.
I will use what ever color i choose.

Those who understand it will reply...
  • #108,673
  • Mar 11, 2012 2:30pm Mar 11, 2012 2:30pm
Quoting zamfir
What do you guys think?
I wouldn't trade against a weekly resistance and a big round number directly ahead. In other words I do not want to be the last buyer buying.

M.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 25 KB
  • #108,674
  • Mar 11, 2012 2:48pm Mar 11, 2012 2:48pm
Quoting zamfir
What do you guys think?
placement is off, not enough room for me to FTA which is highlighted in blue in chart at PPZ on my chart, a very easy pass
Attached Image (click to enlarge)
Click to Enlarge Name: chf3.jpg Size: 92 KB
  • #108,675
  • Mar 11, 2012 4:06pm Mar 11, 2012 4:06pm
Quoting Michael-SPA
I wouldn't trade against a weekly resistance and a big round number directly ahead. In other words I do not want to be the last buyer buying.

M.
buy low sell high
Hero calls followed by margin calls...
  • #108,676
  • Mar 11, 2012 4:16pm Mar 11, 2012 4:16pm
Mike
Hello

What do you think about gold?
Printed long BUOB


Thank you very much
And on my English

[Terrorists from Gaza bomb us here in Israel]
Attached Image (click to enlarge)
Click to Enlarge Name: xau usd daliy 12032012.gif Size: 26 KB
  • #108,677
  • Mar 11, 2012 4:16pm Mar 11, 2012 4:16pm
more examples

Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.11.3.2012.1.jpg Size: 143 KB


Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.10.3.2012.2.jpg Size: 128 KB


kindest regards,
Jonas
Hero calls followed by margin calls...
  • #108,678
  • Mar 11, 2012 4:19pm Mar 11, 2012 4:19pm
Quoting Yehuda Sh
Mike
Hello

What do you think about gold?
Printed long BUOB


Thank you very much
And on my English

[Terrorists from Gaza bomb us here in Israel]
just to give you my heads up

Attached Image (click to enlarge)
Click to Enlarge Name: gold.jpg Size: 134 KB


although weekly pointing up right now id like to have 1500
Hero calls followed by margin calls...
  • #108,679
  • Mar 11, 2012 4:38pm Mar 11, 2012 4:38pm
Quoting Yehuda Sh
Mike
Hello

What do you think about gold?
Printed long BUOB
Hi Yehuda

I'm not Mike, but I see the PPZ at 1719 as a clear obstacle. If price would have closed above it, I'd reconsider. But as far as I'm concerned, it is still holding up as resistance until proven otherwise. An easy pass for me. A good level to watch though.
Attached Image (click to enlarge)
Click to Enlarge Name: 305_gold d1.jpg Size: 80 KB
  • #108,680
  • Mar 11, 2012 4:40pm Mar 11, 2012 4:40pm
Quoting 5.25
Hi Yehuda

I'm not Mike, but I see the PPZ at 1719 as a clear obstacle. If price would have closed above it, I'd reconsider. But as far as I'm concerned, it is still holding up as resistance until proven otherwise. An easy pass for me. A good level to watch though.
Yep Very good T

This is also not a true swing low so be careful playing BUOBs that sit up like this. it puts them in traffic most of the times. We could watch if that level is broken and can hold as support as well as watch the 1700BRN to hold if we want to cut out. It's lacking any real confluence for me like T said though

Best
Mike
50 traders viewing now