james16 Chart Thread | Page 5796 | 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

  • #115,901
  • Aug 21, 2012 9:18am Aug 21, 2012 9:18am
Quoting mbqb11
Was just speaking about this chart with someone.

This could be an inbetweener since a lot of time has lapsed since a touch to that top descending TL. We might see price bounce somewhere around here (BRN) confirming that TL a bit differently two because of the angle

Interesting pair right now I think price may want to dip lower once more under that swing low. Just a silly hunch though at this point
Price is coming out of a weekly I4B there too

This one is a little bit cleaner, wait to see how today's bar closes:
Attached Image (click to enlarge)
Click to Enlarge Name: breakingout2.gif Size: 18 KB
Many choose unhappiness over uncertainty.
  • #115,902
  • Aug 21, 2012 9:22am Aug 21, 2012 9:22am
Quoting Dan Gilbert
Price is coming out of a weekly I4B there too

This one is a little bit cleaner, wait to see how today's bar closes:
nice chart Dan! Now your thinking!

Mike
  • #115,903
  • Aug 21, 2012 9:31am Aug 21, 2012 9:31am
Quoting Dan Gilbert
Price is coming out of a weekly I4B there too

This one is a little bit cleaner, wait to see how today's bar closes:
Hi Dan
I was looking to the same chart, but from a different point of view !

All the best !
Attached Image (click to enlarge)
Click to Enlarge Name: nzdchf.png Size: 50 KB
Nothing personal,just business
  • #115,904
  • Aug 21, 2012 9:36am Aug 21, 2012 9:36am
Quoting Winston Reed
In short.
hey bro! well its indeed an interesting area to watch (PPZ and TL), but why going in to the trade too early? The Daily bar isn't closed yet. Why not going to safer trading? I don't really like touch trades and always wait for confirmation, i think thats is the essence behind PA trading.

Just my view...

Anyway i wish you luck on this one

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 21 KB
  • #115,905
  • Aug 21, 2012 10:41am Aug 21, 2012 10:41am
Quoting bullzeye
hey bro! well its indeed an interesting area to watch (PPZ and TL), but why going in to the trade too early? The Daily bar isn't closed yet. Why not going to safer trading? I don't really like touch trades and always wait for confirmation, i think thats is the essence behind PA trading.

Just my view...

Anyway i wish you luck on this one

Attachment
After looking more closely USD and Yen weak. And yes too early. Bailed.
  • #115,906
  • Aug 21, 2012 10:58am Aug 21, 2012 10:58am
Still a good level to be watching. the 50 fib sits just above that S/R zone. So i'll been looking for a PA sell signal around here too.
  • #115,907
  • Aug 21, 2012 11:24am Aug 21, 2012 11:24am
Quoting Chanya
Hello Every One ... I hope Every one ( Who is concerned ) is having a great EID ... I just can't stay away from the chart ... Even today ... Took a trade ( In addition to the other ones but this one's special I think ) I am pretty confident about and have place in an order bigger then usual but still with tight stops ... Chart below ... Lets see how it plays out ...
Hi, Chanya!
Tell me, please, what was the reason for the opening of the first trade on your chart Audusd?
Thanks
  • #115,908
  • Aug 21, 2012 11:39am Aug 21, 2012 11:39am
Quoting jarroo
That's correct RK. You could enter on a touch trade right at the level on a retrace . .or wait until the next bar (after PBT&CA) prints out and see if Price closes above the level on the Daily confirming that the level has flipped to Support. I call it the Dalily Close Confirmation.


The Swissy failed to confirm the level as Support . .it returned to Resistance by closing below our HCR level. (BEOB, Two Day bearish Pin Bar)

GbpAud chart shows the Daily Close Confirmation of Supprt once PBT&CA.
...hmm..how do you decide whether the use the Daily Close Confirmation thing or play the levels normally when trading live though ?
  • #115,909
  • Aug 21, 2012 12:02pm Aug 21, 2012 12:02pm
Hello,

I try to find how price reacts with s/r (lcs, hrc) levels and try to figure it out on eur/usd chart, and damm, for me it is mess .
Attached Image (click to enlarge)
Click to Enlarge Name: Przechwytywanie.jpg Size: 106 KB
  • #115,910
  • Aug 21, 2012 12:08pm Aug 21, 2012 12:08pm
And another question on chart, best Rosa.
Attached Image (click to enlarge)
Click to Enlarge Name: Przechwytywanie.jpg Size: 113 KB
  • #115,911
  • Edited 12:26pm Aug 21, 2012 12:16pm | Edited 12:26pm
talk about a beauty J16 BEOB

Does it get easier then that one?! Huge beob, huge location, huge divergence, great close.



If you are struggling PLEASE stick with the basics. I can't stress this enough. I see a lot of touch trading which is great for those of you studying it and refining. But those of you new traders just jumping in here, please start back from post 1. You will be doing yourself a huge disfavor

PS check out the weekly level this is off. Picture perfect

Best
Mike

edit* should give credit this was not spotted by me but a member of the group. But felt it is as good as a learning chart gets
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 21 KB
  • #115,912
  • Aug 21, 2012 12:30pm Aug 21, 2012 12:30pm
Hey. What do you guys mean by "touch trading" ?
Thanks
I don't need easy. I just need possible.
  • #115,913
  • Aug 21, 2012 12:32pm Aug 21, 2012 12:32pm
Quoting Dan Gilbert
Price is coming out of a weekly I4B there too

This one is a little bit cleaner, wait to see how today's bar closes:
Hi Dan,

I like the potential here. Just wondering how you would play this? Would you wait for pullback to lowest close of IB4?
  • #115,914
  • Aug 21, 2012 12:36pm Aug 21, 2012 12:36pm
Quoting mbqb11
talk about a beauty J16 BEOB

Does it get easier then that one?! Huge beob, huge location, huge divergence, great close.



If you are struggling PLEASE stick with the basics. I can't stress this enough. I see a lot of touch trading which is great for those of you studying it and refining. But those of you new traders just jumping in here, please start back from post 1. You will be doing yourself a huge disfavor

PS check out the weekly level this is off. Picture perfect

Best
Mike

edit* should give credit this was not spotted by me but...
I have to admit that i went back to te basics as you say in the last weeks. But im either very picky or blind. So i had only three trades in the last three weeks. Two IB and the weekly BEOB on AUDCAD (I really missed the daily here). May I ask what basic A-trades you took in this month mike?
  • #115,915
  • Aug 21, 2012 12:36pm Aug 21, 2012 12:36pm
Quoting DaGrizlyBull
Hey. What do you guys mean by "touch trading" ?
Thanks
Hey DGB

Touch trading is buying/selling without PA confirmation(like a pin, buob, inside bar etc). So you are buying/selling right at an area(for the most part). It uses the same concepts, confluence, story etc, but generally is more difficult to pick up. It is highly recommended by most of us to learn PA bars first which are much easier to spot then touch trading. Eventually you see it all overlaps, but I am a firm believer in building that foundation correctly as James says

Best
Mike
  • #115,916
  • Aug 21, 2012 12:39pm Aug 21, 2012 12:39pm
Quoting SlapShot
I have to admit that i went back to te basics as you say in the last weeks. But im either very picky or blind. So i had only three trades in the last three weeks. Two IB and the weekly BEOB on AUDCAD (I really missed the daily here). May I ask what basic A-trades you took in this month mike?
Hey SS

Nothing wrong with taking only a few trades a month. Much better to take a few trades and win then a lot of trades and lose

I trade many markets SS and some trades to me are a bit more beyond the scope of the basics here.

Here was a trade I posted about in this thread

http://www.forexfactory.com/showthre...61#post5918361

another I took a tiny loss on

http://www.forexfactory.com/showthre...30#post5910930


Just don't make trading about quantity of trades, but quality. Most people who come to this thread are losing traders. Many have the same issues. If those same traders would wait for 2-3 GREAT trades ONLY a month. They would probably be profitable much quicker. Again I think a lot comes back to expectations, and a whole bunch of other topics in that range.

Stay picky SS

Mike
  • #115,917
  • Aug 21, 2012 12:41pm Aug 21, 2012 12:41pm
Hi everybody,
this is one I'm currently in.
Already BE+. I'm going to wait and see if 3.25 holds.

Regards,
Peter

Attached Image (click to enlarge)
Click to Enlarge Name: 2012-08-21 USDPLN.jpg Size: 105 KB
  • #115,918
  • Aug 21, 2012 12:44pm Aug 21, 2012 12:44pm
Quoting trc
Hi everybody,
this is one I'm currently in.
Already BE+. I'm going to wait and see if 3.25 holds.

Regards,
Peter

Attachment
very nice location Peter. Bit trickier with the traffic but very very well played

Reminds me a lot of this post(very similar charts) where we had the very weak almost pin I was explaining and the stronger area the market would more likely want to test

http://www.forexfactory.com/showthre...85#post5914685

Good stuff

Mike
  • #115,919
  • Aug 21, 2012 12:47pm Aug 21, 2012 12:47pm
Quoting mbqb11
Hey SS

Nothing wrong with taking only a few trades a month. Much better to take a few trades and win then a lot of trades and lose

I trade many markets SS and some trades to me are a bit more beyond the scope of the basics here.

Here was a trade I posted about in this thread

http://www.forexfactory.com/showthre...61#post5918361

another I took a tiny loss on

http://www.forexfactory.com/showthre...30#post5910930


Just don't make trading about quantity of trades, but quality. Most people who come...
Yes I think your right, I had my first contacts with trading about four years ago and its the first time that i trade a method for more than a few days. I was searching for the way to get rich until i finish university. Now its my last year and im not rich But i changed my mind and adjusted my targets so it would be great to get out more than 1R / month. I think that is challenging enough (at least for the beginning).
  • #115,920
  • Aug 21, 2012 1:30pm Aug 21, 2012 1:30pm
Thanks for your comment Mike
And here comes another BE now trade I took today.


Quoting mbqb11
very nice location Peter. Bit trickier with the traffic but very very well played

Reminds me a lot of this post(very similar charts) where we had the very weak almost pin I was explaining and the stronger area the market would more likely want to test

http://www.forexfactory.com/showthre...85#post5914685

Good stuff

Mike

Attached Image (click to enlarge)
Click to Enlarge Name: 2012-08-21 GBPAUD PBT&CA.jpg Size: 134 KB
48 traders viewing now