james16 Chart Thread | Page 5617 | 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

  • #112,321
  • May 26, 2012 8:20pm May 26, 2012 8:20pm
Hi , I am a newbie here from China, and this thread is my first visit thread in FF, but really enlighten my view! This is what the price action do in right! although this thread last so long from 2005~2012, but I decide to take 1~2 years finish reading them.

I just started trading 1 year ago, still in demo to practice, don't know how long the dark time will pass, just try my best to learn and practice everyday.

Since there is no offical way to teach how to trade in China, I may attend PF in the coming furture also ,I think it is worth doing so.

By the way please forgive my "Chinglish" if offend you ,thank you.
  • #112,322
  • May 26, 2012 11:39pm May 26, 2012 11:39pm
I took this trade on Wednesday, EUR/JPY, a pin bar off the previous week's low, double bottom. Got stopped out. Wondering if anyone else saw or took this trade?

Attached Image (click to enlarge)
Click to Enlarge Name: Trade.JPG Size: 68 KB
  • #112,323
  • May 27, 2012 12:16am May 27, 2012 12:16am
Welcome to the thread robben. Don't worry about offending anyone with your language, it is just fine. I am new here too, and my advice would be to definitely read post 1 several times and then the first few hundred pages of the thread. Always read EVERY post from James16, mbqb11, and Jarroo as they are the most Senior members of the thread (to my knowledge).

It might be kind of slow in the thread until Sunday evening (U.S. time) but once everyone gets going for the week some of the long term members will be around to help you out. Again, welcome to the thread!

Quoting robben
Hi , I am a newbie here from China, and this thread is my first visit thread in FF, but really enlighten my view! This is what the price action do in right! although this thread last so long from 2005~2012, but I decide to take 1~2 years finish reading them.

I just started trading 1 year ago, still in demo to practice, don't know how long the dark time will pass, just try my best to learn and practice everyday.

Since there is no offical way to teach how to trade in China, I may attend PF in the coming furture also ,I think it is worth doing...
  • #112,324
  • May 27, 2012 12:48am May 27, 2012 12:48am
Quoting robben
Hi , I am a newbie here from China, and this thread is my first visit thread in FF, but really enlighten my view! This is what the price action do in right! although this thread last so long from 2005~2012, but I decide to take 1~2 years finish reading them.

I just started trading 1 year ago, still in demo to practice, don't know how long the dark time will pass, just try my best to learn and practice everyday.

Since there is no offical way to teach how to trade in China, I may attend PF in the coming furture also ,I think it is worth doing...
so good
Enter Signature
  • #112,325
  • May 27, 2012 7:50am May 27, 2012 7:50am
Quoting Green Clubs
I took this trade on Wednesday, EUR/JPY, a pin bar off the previous week's low, double bottom. Got stopped out. Wondering if anyone else saw or took this trade?

Attachment
I'm far from being the best advice here, but from my perspective I would say EURJPY is in a rather strong downward trend so I wouldn't have taken any long position.
Beside, this PB might be at the previous weeks low, but the previous week wasn't a swing low, was it? I would rather expect a resistance by ~97 (month low).
But I am sure more advanced members will have a different opinion

I can't say more, my feed shows me a bearish pinbar at the exact place you have yours...
Slow & steady
  • #112,326
  • May 27, 2012 7:52am May 27, 2012 7:52am
Eur Jpy is good short ,look at close now the number

Quoting Green Clubs
I took this trade on Wednesday, EUR/JPY, a pin bar off the previous week's low, double bottom. Got stopped out. Wondering if anyone else saw or took this trade?

Attachment
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #112,327
  • May 27, 2012 7:54am May 27, 2012 7:54am
also 1.2638 ,target

Quoting Bones
I see as short ,more eur weakness
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #112,328
  • Edited 2:48pm May 27, 2012 9:35am | Edited 2:48pm
Quoting jarroo
We Jarrooers like to dial in a little closer to these levels. .because we know where Daily and Weekly Highs and Lows are born . . from HCR/LCS parents . . . .well most of the time, the Space really helps . .
Nice way of putting it Jarroo.

These parental levels can be well respected even on the crazy crosses. (Chart)

Nice little breakout out and close out of a consolidation area at 1.2942. Will this now hold as resistance? Not the strongest of levels historically though.
Attached Image (click to enlarge)
Click to Enlarge Name: 352_audnzd d1.jpg Size: 94 KB
  • #112,329
  • May 27, 2012 9:47am May 27, 2012 9:47am
Quoting mbarker22
Welcome to the thread robben. Don't worry about offending anyone with your language, it is just fine. I am new here too, and my advice would be to definitely read post 1 several times and then the first few hundred pages of the thread. Always read EVERY post from James16, mbqb11, and Jarroo as they are the most Senior members of the thread (to my knowledge).

It might be kind of slow in the thread until Sunday evening (U.S. time) but once everyone gets going for the week some of the long term members will be around to help you out. Again, welcome...
Hi mbarker22 , you are the first one to reply me .much appreciate your kindly explanation. James 16 also build an certain reputation in China here, I just follow's other's recommendation to take a look and try to learn how he will trade. The first post of this thread is really good, give some useful advice to the new trader like me .

By the way ,I found that the thread mostly teach how to entry but seldomly talk about how to exit (I think it is the most important to know how to exit ) if you don't mind, will you share some your opinion?Exit with the signal that pinbar show trend reverse or set up an certain ratio between stop loss and take profit like 1:4 then let the price go?

And again, thank you for your warm welcome.
  • #112,330
  • May 27, 2012 9:49am May 27, 2012 9:49am
No it wont hold
Attached Image (click to enlarge)
Click to Enlarge Name: aud nzd 27-05 12 w1.png Size: 32 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #112,331
  • May 27, 2012 9:55am May 27, 2012 9:55am
Hi guys

Price is behaving nice here... It looks like we might get some red bars there soon..
Attached Image (click to enlarge)
Click to Enlarge Name: 27-05-2012 16-50-16 EURAUD.png Size: 47 KB
  • #112,332
  • May 27, 2012 12:26pm May 27, 2012 12:26pm
Quoting Greenhaze
Hi guys

Price is behaving nice here... It looks like we might get some red bars there soon..
Watching it.

TL broken, last bar of friday looked like a retest.
Would like to see break of 1.28 support and then I'd enter after retest.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 243 KB
Thoughts are things
  • #112,333
  • May 27, 2012 12:28pm May 27, 2012 12:28pm
Quoting Bones
No it wont hold
Agreed. BRN 1.300 and retraced back to 61.8% fib. Going down in my opinion, at least for the time being.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.gif Size: 21 KB
  • #112,334
  • May 27, 2012 2:19pm May 27, 2012 2:19pm
Hi robben, as far as exiting a trade the only part I feel comfortable advising you right now is to get your stoploss to breakeven as quickly as possible, that way you cannot lose any money on the trade. Beyond that, since I am still new myself I would say that you should wait for mbqb11 or another senior member for the best advice.

Quoting robben
Hi mbarker22 , you are the first one to reply me .much appreciate your kindly explanation. James 16 also build an certain reputation in China here, I just follow's other's recommendation to take a look and try to learn how he will trade. The first post of this thread is really good, give some useful advice to the new trader like me .

By the way ,I found that the thread mostly teach how to entry but seldomly talk about how to exit (I think it is the most important to know how to exit ) if you don't mind, will you share some your opinion?Exit with...
  • #112,335
  • May 27, 2012 2:36pm May 27, 2012 2:36pm
I think better trades out there W ,in all honesty I suspect lower tl will go before upper

Very congested

Quoting willf
Agreed. BRN 1.300 and retraced back to 61.8% fib. Going down in my opinion, at least for the time being.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #112,336
  • May 27, 2012 5:11pm May 27, 2012 5:11pm
Anyone having trouble viewing attachments on the thread? I can see the posts but all I can see in the attachments box is "Attached thumbnails".

Thanks
M
  • #112,337
  • May 27, 2012 5:17pm May 27, 2012 5:17pm
Quoting millions
Anyone having trouble viewing attachments on the thread? I can see the posts but all I can see in the attachments box is "Attached thumbnails".

Thanks
M
All working fine for me. Check your browser settings.
  • #112,338
  • May 27, 2012 5:42pm May 27, 2012 5:42pm
Millions, I can see the attachments too, it might something with your computer. Hope it starts working for you soon.

Quoting millions
Anyone having trouble viewing attachments on the thread? I can see the posts but all I can see in the attachments box is "Attached thumbnails".

Thanks
M
  • #112,339
  • May 27, 2012 5:53pm May 27, 2012 5:53pm
Quoting robben
Hi mbarker22 , you are the first one to reply me .much appreciate your kindly explanation. James 16 also build an certain reputation in China here, I just follow's other's recommendation to take a look and try to learn how he will trade. The first post of this thread is really good, give some useful advice to the new trader like me .

By the way ,I found that the thread mostly teach how to entry but seldomly talk about how to exit (I think it is the most important to know how to exit ) if you don't mind, will you share some your opinion?Exit with...
http://www.forexfactory.com/showthre...44#post2365944

Hi robben. Here is a pretty famous "This is Critical" post from James16. I think this is a good place to start looking at exits. It's important to recognize the first trouble area of a trade and plan to take some sort of action there. You can generally take full profit at FTA, reduce risk (go to break-even), take partial profits, etc. One key thing to remember is that exit strategies are just as numerous, if not moreso, than entries...and deciding how to exit often depends on the market environment (trending vs consolidating).
  • #112,340
  • May 27, 2012 6:32pm May 27, 2012 6:32pm
Thanks for posting this Donkey, it was a good post for me to go and read as well.

Quoting Donkey
http://www.forexfactory.com/showthre...44#post2365944

Hi robben. Here is a pretty famous "This is Critical" post from James16. I think this is a good place to start looking at exits. It's important to recognize the first trouble area of a trade and plan to take some sort of action there. You can generally take full profit at FTA, reduce risk (go to break-even), take partial profits, etc. One key thing to remember is that exit strategies are just as numerous, if not moreso, than entries...and deciding how to exit often depends...
31 traders viewing now