james16 Chart Thread | Page 5707 | 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

  • #114,121
  • Jul 10, 2012 10:19am Jul 10, 2012 10:19am
Quoting greenpath
Hello all,

I am new to this thread and have a LONG way to go to catch up with all the information contained here, but I am very excited to have found my way here. I've been fumbling around in the FF system threads for way too long, and I can't tell you how different this thread feels.

I am attempting to apply the tiny bit of knowledge I've already gained here, and would love to get feedback. I entered into a long trade on the GBPUSD this morning. I would love to post a pic of the setup, but I'm not familiar with how to do that yet (Help there...
Hey GP

Welcome to the thread glad to have ya!

Posting a chart is simple don't worry. Here is what I do

Right click your chart on MT4, click Save As Picture
Then click the box - AS IS
Save that file somewhere you'll remember on your computer

To upload underneath the submit reply is a box that says manage attachments. Click that and then located and upload your file and you are all set

On to your setup. I do not see a DBLHC on my charts. Remember for a DBLHC we must have matching lows and the close of the bar must be ABOVE the previous bars high. Here is a table from pinbar that shows these bars at a glimpse

http://www.forexfactory.com/attachme...4&d=1330936338
It's possible you have a different feed though

Again welcome to the thread
Mike
  • #114,122
  • Jul 10, 2012 10:40am Jul 10, 2012 10:40am
Daily IB ..........
Attached Image (click to enlarge)
Click to Enlarge Name: break inside bar.PNG Size: 34 KB
  • #114,123
  • Jul 10, 2012 10:59am Jul 10, 2012 10:59am
PBT+CB 2 weekly LCS levels. I thought the pair showed strength the way it smashed through the levels last week and then retraced over a few days. Watching this one closely. I want to see it quickly move away to confirm the downward momentum.

Any thoughts? Particularly, if it stalls around the S/R over the next day. Does that tell you anything about the level? I want to see last weeks momentum carried through by the end of the day to confirm the flip.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD_W_071212.JPG Size: 102 KB
  • #114,124
  • Jul 10, 2012 11:16am Jul 10, 2012 11:16am
Quoting Nake
Daily IB ..........
Attachment
...
chart:
http://i45.tinypic.com/15r00lc.jpg

...
  • #114,125
  • Jul 10, 2012 11:17am Jul 10, 2012 11:17am
Quoting mbqb11
Hey GP

Welcome to the thread glad to have ya!

Posting a chart is simple don't worry. Here is what I do

Right click your chart on MT4, click Save As Picture
Then click the box - AS IS
Save that file somewhere you'll remember on your computer

To upload underneath the submit reply is a box that says manage attachments. Click that and then located and upload your file and you are all set

On to your setup. I do not see a DBLHC on my charts. Remember for a DBLHC we must have matching lows and the close of the bar must be ABOVE the previous bars...
Mike-Thanks for the welcome and the help. I've tried to attach the chart here, hopefully it comes out.
Attached Image (click to enlarge)
Click to Enlarge Name: gu7-10.gif Size: 20 KB
  • #114,126
  • Jul 10, 2012 12:20pm Jul 10, 2012 12:20pm
Quoting greenpath
Mike-Thanks for the welcome and the help. I've tried to attach the chart here, hopefully it comes out.
Hey GP

Ah ok that small bar is a sunday bar which is just that few hours on sundays open. James says to ignore that. So if we pretend that bars not there then we wouldn't have the DBLHC.

Best
Mike
  • #114,127
  • Jul 10, 2012 12:50pm Jul 10, 2012 12:50pm
Quoting Mebius
PBT+CB 2 weekly LCS levels. I thought the pair showed strength the way it smashed through the levels last week and then retraced over a few days. Watching this one closely. I want to see it quickly move away to confirm the downward momentum.

Any thoughts? Particularly, if it stalls around the S/R over the next day. Does that tell you anything about the level? I want to see last weeks momentum carried through by the end of the day to confirm the flip.
I dont look at this pair. But looking at it now the chart just looks like a 'mess' to me. However if I had to pick a level on that chart it would be the LCS level that you have plotted yourself. (it lines up nicely on the daily and weekly) However i would of traded it off the daily with daily targets which means I would be out of the trade by now. It would of been a difficult one to hold onto though in my opinion. Did reach 1:2 Risk Reward (based on valid targets and my stop placement) See charts below.

Just so you know. Im also new to this method of trading so its best to wait for Jarroo to comment on them and on my reply.

Hope this helps mate

Daily

Attached Image (click to enlarge)
Click to Enlarge Name: 10-07-2012 18-44-07 111.png Size: 22 KB


view on 15m

Attached Image (click to enlarge)
Click to Enlarge Name: 10-07-2012 18-46-52 2222.png Size: 23 KB


Cheers
Dan
  • #114,128
  • Jul 10, 2012 2:37pm Jul 10, 2012 2:37pm
Quoting Mebius
PBT+CB 2 weekly LCS levels. I thought the pair showed strength the way it smashed through the levels last week and then retraced over a few days. Watching this one closely. I want to see it quickly move away to confirm the downward momentum.

Any thoughts? Particularly, if it stalls around the S/R over the next day. Does that tell you anything about the level? I want to see last weeks momentum carried through by the end of the day to confirm the flip.
mhhh, well i am on the other side, entered after the daily IB. But overall is the pair in kinda sideway modus...

greetz

Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad.gif Size: 26 KB
  • #114,129
  • Jul 10, 2012 2:43pm Jul 10, 2012 2:43pm
Quoting meshka
Continuation of UPtrend ?
nice one meshka , broke the resistance--> retrace and --> shoot up. How easy can it be...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 23 KB
  • #114,130
  • Jul 10, 2012 2:43pm Jul 10, 2012 2:43pm
Quoting dan89
I dont look at this pair. But looking at it now the chart just looks like a 'mess' to me. However if I had to pick a level on that chart it would be the LCS level that you have plotted yourself. (it lines up nicely on the daily and weekly) However i would of traded it off the daily with daily targets which means I would be out of the trade by now. It would of been a difficult one to hold onto though in my opinion. Did reach 1:2 Risk Reward (based on valid targets and my stop placement) See charts below.

Just so you know. Im also new to this method...

Hi Dan,

I actually did trade it off the Daily this morning for 60 pips then re-entered when it came back to the weekly level. Now price has moved further away with a H1 close above my entry. I'm going wait to see where it closes at the end of the day and consider getting out and possibly reversing. I agree, it's a mess on the Daily but it' more defined on the weekly trading at the midpoint PPZ.

Thanks for the feedback.
  • #114,131
  • Jul 10, 2012 2:59pm Jul 10, 2012 2:59pm
Mike
Hello

What is your opinion eur / cad ib

ppz
brn

Thanks for the feedback

Sorry for my bad English
Attached Image (click to enlarge)
Click to Enlarge Name: eur cad ib 10072012 daily.gif Size: 33 KB
  • #114,132
  • Jul 10, 2012 3:06pm Jul 10, 2012 3:06pm
Quoting mbqb11
Hey GP

Ah ok that small bar is a sunday bar which is just that few hours on sundays open. James says to ignore that. So if we pretend that bars not there then we wouldn't have the DBLHC.

Best
Mike
Aha, that makes sense. I've been using FX solutions for most of the last year and they incorporate Sunday and Monday into a single bar. I had forgotten how different MT4 can be.

Is there any way to change the candle setups on MT4, or are they always set by the broker?
  • #114,133
  • Jul 10, 2012 3:16pm Jul 10, 2012 3:16pm
Quoting Mebius
Hi Dan,

I actually did trade it off the Daily this morning for 60 pips then re-entered when it came back to the weekly level. Now price has moved further away with a H1 close above my entry. I'm going wait to see where it closes at the end of the day and consider getting out and possibly reversing. I agree, it's a mess on the Daily but it' more defined on the weekly trading at the midpoint PPZ.

Thanks for the feedback.
No problem mate. Nice trade For me that pair is just a mess all over the D and W.

Here is a setup im keeping my eye on. there was a setup off the daily level (first arrow) which probably would of spiked yuou out (moved up 35 ish pips). Looking for another retest.

Attached Image (click to enlarge)
Click to Enlarge Name: euraud weekly.jpg Size: 73 KB


Attached Image (click to enlarge)
Click to Enlarge Name: euraud daily.jpg Size: 74 KB
  • #114,134
  • Jul 10, 2012 3:17pm Jul 10, 2012 3:17pm
Quoting Yehuda Sh
Mike
Hello

What is your opinion eur / cad ib

ppz
brn

Thanks for the feedback

Sorry for my bad English
Hey Yehuda

Price is stalling at the BRN, could be a sign price needs a breather. Not quite enough information or confluence for me. Some like to play these because of the tight stop you can get. We watch to see if we can get a strong break to the upside. I'd like to see a stronger bar, I don't play inside bars all that much

Best
Mike
  • #114,135
  • Jul 10, 2012 3:31pm Jul 10, 2012 3:31pm
Jarroo this is the first trade since I switched to the FX Pro feed as discussed.

The purple lines are the Lcr/hcs monthly levels.
The light blue line is a daily level.
Great confluence with the 2 being so close together.
Price closed below and my sell order was hit "to the pip"
the hourly signature was great as price shot away.
FTA Hit already.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 11 KB
  • #114,136
  • Jul 10, 2012 5:55pm Jul 10, 2012 5:55pm
Quoting 5.25
Sorry I can't post an annotated chart...
AUDUSD, follow up.
Attached Image (click to enlarge)
Click to Enlarge Name: 368_audusd d1.jpg Size: 91 KB
  • #114,137
  • Jul 10, 2012 6:17pm Jul 10, 2012 6:17pm
Hey Mike,

Is GoldEuro on your watch list? Seems like your type of a trade???

Love your work buddy
Attached Image (click to enlarge)
Click to Enlarge Name: 369_goldeuro d1.jpg Size: 78 KB
  • #114,138
  • Jul 10, 2012 6:17pm Jul 10, 2012 6:17pm
Quoting haircut
Jarroo this is the first trade since I switched to the FX Pro feed as discussed.

The purple lines are the Lcr/hcs monthly levels.
The light blue line is a daily level.
Great confluence with the 2 being so close together.
Price closed below and my sell order was hit "to the pip"
the hourly signature was great as price shot away.
FTA Hit already.
Hi mate, This trade was a 'mixed' setup in my opinion. Here is what Jarroo said about these types of setups:

Quote
The GU can be tricky (high volatility pair) . .when the signal is mixed, do what many of the old time traders do . .pass on it . ..

Yes, we usually only take long setups when PBT&CA a HCR level and short setups when PBT&CB a LCS level.
Cheers
Dan
  • #114,139
  • Jul 10, 2012 6:47pm Jul 10, 2012 6:47pm
Quoting 5.25
Hey Mike,

Is GoldEuro on your watch list? Seems like your type of a trade???

Love your work buddy
us Staters have issues trading metals these days

But that is a pretty chart my friend

Love YOUR stuff there

Mike
  • #114,140
  • Jul 10, 2012 7:40pm Jul 10, 2012 7:40pm
Anybody else notice the BEOB on gold off the 365 EMA?
56 traders viewing now, 1 is registered:
Zojahamad