james16 Chart Thread | Page 6008 | 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

  • #120,141
  • Oct 29, 2012 1:35pm Oct 29, 2012 1:35pm
Quoting bullzeye
USD/JPY

on the first sight a nice BEOB, or? But this one is really tricky, look on this lovely PPZ area and beautiful S/R flip...could shoot up on Monday

Attachment
USD/JPY

the whole world is short on this one...i disagree

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 38 KB
  • #120,142
  • Oct 29, 2012 1:53pm Oct 29, 2012 1:53pm
Quoting mbqb11
Hey Karl

Yep you can use a proxy bar just as you show but be VERY careful> Often a proxy pin is a very weak closing bar and if we aren't extra careful these catch people and price goes the wrong way. So I suggest being new to focus on strong closing pinbars first.

The daily would be a BEOB not a BUOB(maybe a typo). One thing to do is keep your timeframes separate. For example the BEOB may trigger and pull us towards the FTA around 79~ and then price move back higher. So that would make the BEOB successful on the daily but that could mean...
Thank you Mike, I'll not look proxy bars until i get some experience. It was good to declear, because i thought i can use the them every time. Also useful what you said about the time frames.

I found an other setup, hope that will be better:
+Strong resistance
+Fib level
+BRN
+Some MACD divergence

So, if i get a good PA than that's would be a good trade i think. Any opinion?
I would be happy for any comment!

Thanks,

Karl
Attached Image (click to enlarge)
Click to Enlarge Name: 20121029nzdcaddaily.jpg Size: 126 KB
  • #120,143
  • Oct 29, 2012 2:46pm Oct 29, 2012 2:46pm
Quoting bullzeye
GBP/CHF

finally i couldn't resist to this inconspicuous beauty

Attachment
hey bullzeye nice simple trading - i like it!
Thank you J16 & Trader Dante
  • #120,144
  • Oct 29, 2012 3:46pm Oct 29, 2012 3:46pm
Hey Mike

good luck today. i hope everything is and will be fine.

Fingers crossed for everyone there...

Regards
Marcin
  • #120,145
  • Oct 29, 2012 4:19pm Oct 29, 2012 4:19pm
Quoting fxstarterPL
Hey Mike

good luck today. i hope everything is and will be fine.

Fingers crossed for everyone there...

Regards
Marcin
Thanks Marcin

Floods are getting very bad and it hasn't even got here yet. It's looking as bad as they are saying

Hope for the best for everyone in its way

Mike
  • #120,146
  • Oct 29, 2012 4:21pm Oct 29, 2012 4:21pm
Quoting mbqb11
Thanks Marcin

Floods are getting very bad and it hasn't even got here yet. It's looking as bad as they are saying

Hope for the best for everyone in its way

Mike
Sorry to hear Mike, take care and be safe.
  • #120,147
  • Edited 5:26pm Oct 29, 2012 5:26pm | Edited 5:26pm
Quoting mbqb11
Thanks Marcin

Floods are getting very bad and it hasn't even got here yet. It's looking as bad as they are saying

Hope for the best for everyone in its way

Mike
Just watching satelite pictures and it looks pretty scary. hope you all there will be ok. im sending still air from europe.
  • #120,148
  • Oct 29, 2012 5:49pm Oct 29, 2012 5:49pm


Hi Everybody. What is the problem with this marked pin bar?? Was it wrong, or it was not a good pin? Or i have to accept it, like a loss. It was a backtest, but all my wins makes these pins to loss.
  • #120,149
  • Oct 29, 2012 5:50pm Oct 29, 2012 5:50pm
Quoting mbqb11
Thanks Marcin

Floods are getting very bad and it hasn't even got here yet. It's looking as bad as they are saying

Hope for the best for everyone in its way

Mike

Sorry to hear that MiKe ,

wish everything will Be fine ,

Our prayers and Thoughts with you ,
d df d dfdfffffffffffffffffff fffffffffffffffffffffffffffffffffffffffffffff
  • #120,150
  • Oct 29, 2012 5:54pm Oct 29, 2012 5:54pm
Hi Everybody. What is the problem with this marked pin bar?? Was it wrong, or it was not a good pin? Or i have to accept it, like a loss. It was a backtest, but all my wins makes these pins to loss.[/quote]
Attached Image (click to enlarge)
Click to Enlarge Name: névtelen2.JPG Size: 112 KB
  • #120,151
  • Oct 29, 2012 6:10pm Oct 29, 2012 6:10pm
Quoting mbqb11
Hey Zee

You can trade anything you want that's the beauty of this stuff. A good mt4 broker in terms of charting is fxpro they give you a lot of pairs and some other markets to check out. If you are looking for a LOT more stuff try a platform like Think or Swim. Here you can find everything

Welcome to the thread and ask more questions if you need

Mike
Hi Mike!

It sounds great, please tell me about 100 instruments, where i can use this method, because what i found, there are great gaps almost all day, and the pin bars works rare. I can not find similar instruments like fx pairs...
I have a full time job, i need to find a lot of instrument to trade... Thank you!
  • #120,152
  • Oct 29, 2012 10:08pm Oct 29, 2012 10:08pm
Quoting bullzeye
GBP/CHF

finally i couldn't resist to this inconspicuous beauty

Attachment
Took this one myself bullzeye, take profit order on the 61.8% retracement of the prior move up. Not logged into my broker ATM but looks about where you are cutting it loose.
  • #120,153
  • Oct 29, 2012 10:23pm Oct 29, 2012 10:23pm
Quoting Zeee86
Hi Everybody. What is the problem with this marked pin bar?? Was it wrong, or it was not a good pin? Or i have to accept it, like a loss. It was a backtest, but all my wins makes these pins to loss.
[/quote]

The location wasn't good. Pins have to be at swing high/low.
Mától én vagyok a Soros!
  • #120,154
  • Oct 30, 2012 1:55am Oct 30, 2012 1:55am
Quoting geniusztc
price above 103.25 will make me change my mind.
BOJ decission is helping this trade now move short.
  • #120,155
  • Oct 30, 2012 2:12am Oct 30, 2012 2:12am
Quoting mbqb11
Thanks Marcin

Floods are getting very bad and it hasn't even got here yet. It's looking as bad as they are saying

Hope for the best for everyone in its way

Mike


Hi Mike
Hope you holding out ok just seen satellite pics looks fierce.
I send best wishes from the UK
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #120,156
  • Oct 30, 2012 2:23am Oct 30, 2012 2:23am
Hello everyone,
been monitoring the news since last week.
I just want to send a shout out to Mike/mbqb11 and everyone in the US/East coast.

I have read about weather modification before, and I hope this or the US election is not involved in/responsible for this dire situation.

Stay safe and I hope the elderly and disabled people are well taken cared of.
  • #120,157
  • Oct 30, 2012 2:28am Oct 30, 2012 2:28am
Quoting Zeee86
Hi Everybody. What is the problem with this marked pin bar?? Was it wrong, or it was not a good pin? Or i have to accept it, like a loss. It was a backtest, but all my wins makes these pins to loss.
Like Sir Gogolak said, the location is not the best.
that pinbar was small
the pinbar low did not break
and that pinbar is very close to a possible traffic area (3.7600 area), which actually turned out to be the bottom of that move.
  • #120,158
  • Oct 30, 2012 2:33am Oct 30, 2012 2:33am
Quoting KarlfromHU
Thank you Mike, I'll not look proxy bars until i get some experience. It was good to declear, because i thought i can use the them every time. Also useful what you said about the time frames.

I found an other setup, hope that will be better:
+Strong resistance
+Fib level
+BRN
+Some MACD divergence

So, if i get a good PA than that's would be a good trade i think. Any opinion?
I would be happy for any comment!

Thanks,

Karl
yes Sir Karl,
you have found a potential setup/area to watch out for.
that's what you call Foresight.

ideally a good, big candle/bar PA setup gets created there. a small pinbar or whatever won't suffice (but it sometimes work)

the size of the candle is just 1 factor.
location is another big factor
  • #120,159
  • Oct 30, 2012 2:37am Oct 30, 2012 2:37am
Sad to hear and see whats going on .. Prayers are with all you guys.

Quoting mbqb11
Thanks Marcin

Floods are getting very bad and it hasn't even got here yet. It's looking as bad as they are saying

Hope for the best for everyone in its way

Mike
  • #120,160
  • Edited 3:31am Oct 30, 2012 2:59am | Edited 3:31am
The location wasn't good. Pins have to be at swing high/low.[/quote]


OK, sorry, i dont understand that... Where is the swing high and swing low?? If the price go down, this pin would be a swing high, isnt it?
Please mark in this picture, where would be better place for the pin. Thank you!
Can somebody post some pin bars, which are swing high or lows?
43 traders viewing now