james16 Chart Thread | Page 5681 | 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

  • #113,601
  • Jun 23, 2012 2:31am Jun 23, 2012 2:31am
- Daily good pinbar;

- Triple confluence (150 ema + 365 ema + level);

- Break;

- Retest;

Doubts:

- 5 pips break;

- High of the last bar over the high of the previous pin bar

Thx
Attached Image (click to enlarge)
Click to Enlarge Name: nj.gif Size: 15 KB
Don't give up
  • #113,602
  • Jun 23, 2012 4:47pm Jun 23, 2012 4:47pm
Quoting geomink
- Daily good pinbar;

- Triple confluence (150 ema + 365 ema + level);

- Break;

- Retest;

Doubts:

- 5 pips break;

- High of the last bar over the high of the previous pin bar

Thx

And it bounced off 64.00!! UJ looks a little worn out too, where do you see the first FTA? I was thinking around 62.98-63.00 based on the 4 hour chart?
  • #113,603
  • Edited 1:34am Jun 24, 2012 1:19am | Edited 1:34am
Quoting Rosco_P
And it bounced off 64.00!! UJ looks a little worn out too, where do you see the first FTA? I was thinking around 62.98-63.00 based on the 4 hour chart?
I am looking at this one too, and was thinking of trailing profit through the blue boxes marked in the chart.

Have a nice day!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012 06 22 nzdjpy d1.gif Size: 29 KB
Click to Enlarge Name: 2012 06 22 nzdjpy d1 b.gif Size: 22 KB
Slow & steady
  • #113,604
  • Jun 24, 2012 8:09am Jun 24, 2012 8:09am
Quoting Pinbar
Indeed it did and very well too.
It also bounced where we would expect it may.

PB...

u r looking for long??

Sonic
  • #113,605
  • Jun 24, 2012 9:20am Jun 24, 2012 9:20am
  •  sg_1988
  • | Joined Dec 2011 | Status: Cause I'm P*ssed Off For Greatness | 70 Posts
The pin bar at swing high on the NZD/CAD daily, which has also formed a pb on the weekly still interests me. I believe we can get a push down to the blue area marked on the chart. The pin rejected PPZ at a RN (0.81000) and also 76 fib confluence.

I may still look to play the break of the pin in the coming week, however bar lows on the left close to the pin bar worry me a little what do you guys think?
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADdaily.jpg Size: 109 KB
  • #113,606
  • Jun 24, 2012 10:16am Jun 24, 2012 10:16am
Hi guys, we see a various bars have at different brokers. What to do in such cases ??
first:
Attached Image


second:
Attached Image


Please answer, this is a very important for me... Thanks.
  • #113,607
  • Jun 24, 2012 10:19am Jun 24, 2012 10:19am
Quoting fafarafa
Hi guys, we see a various bars have at different brokers. What to do in such cases ??
first:
Attachment

second:
Attachment

Please answer, this is a very important for me... Thanks.
This is the answer I gave C12 few pages ago:

---
I've been asking this very same question to Mike. His words:

"Since FX is not a centralized market many brokers offer different closing times. I prefer a 5pm as this is sort of the unofficial official close time of the NY session and thus it is in my belief the close should be within this time. But many people us brokers that close up to even 7 hours later than mine"

Jaroo would tell you he monitors different feeds (2 or 3, as far as I remember), but all in all it all ends at the same results in the long term. Can't remember his exact sentence though, sorry Jim
---

The main idea is "trade what you see"...
Slow & steady
  • #113,608
  • Jun 24, 2012 10:26am Jun 24, 2012 10:26am
  •  sg_1988
  • | Joined Dec 2011 | Status: Cause I'm P*ssed Off For Greatness | 70 Posts
[quote=fafarafa;5786912]Hi guys, we see a various bars have at different brokers. What to do in such cases ??

Hi F,

Different brokers have different times when the daily bar closes. I would probably be right in thinking most people follow the New York session close (5pm EDT), brokers such as FXpro and IBFX do provide New York closes that I know of, and I am sure there are more, I can find out for you if you want.

However, it doesn't mean that the signals formed on daily charts that do not close at the end of the New York session are any less reliable. As far as I know these signals do work as it is still a bar showing the days trading range.

I would recommend choosing a broker with a New York session daily close, as it will probably help you follow the charts people post up on this thread more closely without confusing you.

Just remember to trade what you see on your chart, hope that helps

Sanil
  • #113,609
  • Jun 24, 2012 10:27am Jun 24, 2012 10:27am
Quoting sg_1988
The pin bar at swing high on the NZD/CAD daily, which has also formed a pb on the weekly still interests me. I believe we can get a push down to the blue area marked on the chart. The pin rejected PPZ at a RN (0.81000) and also 76 fib confluence.

I may still look to play the break of the pin in the coming week, however bar lows on the left close to the pin bar worry me a little what do you guys think?
Very nice SG..... here's ah wild hallucination:
Attached Image (click to enlarge)
Click to Enlarge Name: booboo.jpg Size: 95 KB
  • #113,610
  • Jun 24, 2012 11:02am Jun 24, 2012 11:02am
  •  sg_1988
  • | Joined Dec 2011 | Status: Cause I'm P*ssed Off For Greatness | 70 Posts
Quoting Variance
Very nice SG..... here's ah wild hallucination:
Hi V,

Its also got great divergence but the 0.80500 level (marked area on chart) really worries me, it's where I see the first trouble area (FTA) on the chart, it seems too close to the pin bar I feel.

Although it has a PPZ at a RN, fib level, divergence, and PA confirmation, I was a bit disappointed the pin didn't break by 10 pips the next bar, would have shown good momentum.

If I did take it, i would probably half my risk at the FTA, I would usually move stop to b/e, but i might give this one room to breathe. I will post up a chart of the trade if I do take the trade to show how it worked out good or bad (hopefully we can all learn)

Hopefully next week will yield some good pips for us all, so we can celebrate on the weekend! haha

Sanil
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADdailyfta.jpg Size: 137 KB
  • #113,611
  • Edited 12:09pm Jun 24, 2012 11:32am | Edited 12:09pm
Quoting fafarafa
Hi guys, we see a various bars have at different brokers. What to do in such cases ??
first:
Attachment

second:
Attachment

Please answer, this is a very important for me... Thanks.
Hi fafar,

I think it is widely accepted that the "spot forex" market is made of of an international electronic trading network of over 70 organizations that are continually buying and selling currencies and settling them electronically 24/7 around the globe. These "market participants" (eg, Deutsche Bank, UBS, Oanda, Royal Bank of Canada, etc) are often offering the available bids and offers from the other players (also called liquidy, or "the spread") to smaller market participants such as Currenex, which in turn, operates as another broker for "white label" partners (such as broker X), which in turn, acts as our principal or market maker, or buck-it shop 24/5.5 (or whatever time they open) so we can buy and sell currencies.

Some retail "forex brokers" claim to offer retail services that are just as good as the interbank ECN and have client testimonials, magazine awards and track records to prove it.

The actual transactions and the actual bids and offers that go on between the electronic currency network of those 70+ institutions within the "interbank" are often captured by various data providers which takes snapshots and charts them for us...

So in essence,

Usually, the charts we see are just snapshots (which tends to be fairly accurate, most of the time so if things are unclear, you can simply look at a different feed....... (or just zoom in a lower timeframe to see how price "Actioned" within the candle that seemed to be unclear)
  • #113,612
  • Jun 24, 2012 12:07pm Jun 24, 2012 12:07pm
Thank you guys Variance, sg_1988 and patapouer for the helping. Seems i'm fully understood this question.
  • #113,613
  • Jun 24, 2012 12:14pm Jun 24, 2012 12:14pm
  •  sg_1988
  • | Joined Dec 2011 | Status: Cause I'm P*ssed Off For Greatness | 70 Posts
Quoting fafarafa
Thank you guys Variance, sg_1988 and patapouer for the helping. Seems i'm understood this question.
Hi F,

No problem, happy to pass on the little knowledge I have on forex, just like you i'm still learning.
  • #113,614
  • Jun 24, 2012 12:33pm Jun 24, 2012 12:33pm
Quoting geomink
- Daily good BEOB

- Double confluence ema 150 + ema 365

- Break;

- Retest on the previous bar low;



My doubts are:

- A level just below (almost 50 pips below the BEOB low);
- 7 pips break are a good break for this pair?


Thx

This is my favourite

Short @ 0.79004
First target FTA half position @ 0.78150
Second half riding
SL @ 0.80250

Good trading and good week to all

:-)
Attached Image (click to enlarge)
Click to Enlarge Name: nu.gif Size: 18 KB
Don't give up
  • #113,615
  • Jun 24, 2012 1:00pm Jun 24, 2012 1:00pm
Quoting sg_1988
Hi V,

Its also got great divergence but the 0.80500 level (marked area on chart) really worries me, it's where I see the first trouble area (FTA) on the chart, it seems too close to the pin bar I feel.

Although it has a PPZ at a RN, fib level, divergence, and PA confirmation, I was a bit disappointed the pin didn't break by 10 pips the next bar, would have shown good momentum.

If I did take it, i would probably half my risk at the FTA, I would usually move stop to b/e, but i might give this one room to breathe. I will post up a chart of...
I want to say, that is not divirgence. My advise is to study and to read more about them, so u could define them correct.
If not up, then down, otherwise sideways :-)
  • #113,616
  • Jun 24, 2012 4:37pm Jun 24, 2012 4:37pm
I think there should be nice trade from 1.5600 RN on cable. BEOB, not so big 50-70 pips stp, etc.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 113 KB
all is eternal - this is good news for people who loves bad news
  • #113,617
  • Jun 24, 2012 4:51pm Jun 24, 2012 4:51pm
spent a long weekend out of state with friends and family.

Have to catch up on all your posts and PMs


Mike
  • #113,618
  • Jun 24, 2012 5:03pm Jun 24, 2012 5:03pm
  •  sg_1988
  • | Joined Dec 2011 | Status: Cause I'm P*ssed Off For Greatness | 70 Posts
Quoting Magestic
I want to say, that is not divirgence. My advise is to study and to read more about them, so u could define them correct.
Hi M,

My understanding was/is that, that what I showed was divergence, I wouldn't mind having your views as to why it isn't?

Thanks in advance
Sanil
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nj1.gif Size: 38 KB
Click to Enlarge Name: LLL.jpg Size: 144 KB
  • #113,619
  • Jun 24, 2012 5:06pm Jun 24, 2012 5:06pm
Quoting sg_1988
Hi M,

My understanding was/is that, that what I showed was divergence, I wouldn't mind having your views as to why it isn't?

Thanks in advance
Sanil
Hey Sanil

That would be what is called Hidden divergence. A form of divergence. I don't personally use hidden divergence but as long as your oscillators are moving in different direction from price technically speaking it is divergence as you pointed out

Best
Mike
  • #113,620
  • Jun 24, 2012 5:13pm Jun 24, 2012 5:13pm
  •  sg_1988
  • | Joined Dec 2011 | Status: Cause I'm P*ssed Off For Greatness | 70 Posts
Quoting mbqb11
Hey Sanil

That would be what is called Hidden divergence. A form of divergence. I don't personally use hidden divergence but as long as your oscillators are moving in different direction from price technically speaking it is divergence as you pointed out

Best
Mike
Thanks Mike,

It's what I meant but I just call any form of divergence, divergence lol, maybe I wasn't clear I guess. My bad.

Didn't take the NZD/CAD trade in the end, FTA too close for me

Hope everyone has a good trading session

Sanil
59 traders viewing now