james16 Chart Thread | Page 6065 | 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

  • #121,281
  • Nov 30, 2012 9:28am Nov 30, 2012 9:28am
USDCHF

Maybe i was just lucky..But i thought there was some resistance area and we couldn close above it. Lose steam. Almost a pin at this area = made me go short. Retest that hold = bearish. And out a couple of days later with 240 pip.
Have a great weekend guys.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf daily.jpg Size: 80 KB
  • #121,282
  • Nov 30, 2012 10:03am Nov 30, 2012 10:03am
Quoting Sujith
Why not post a chart you want to check out and we can examine the trouble areas. That way it's in real time for you

Best
Mike
Thanks Mike for the reply. I have attached a few charts and have marked FTAs based on my understanding. Please let me know your opinion.[/quote]

Hey S

You are onto the right idea i just made a few adjustments. Remember FTA is the FIRST thing that can store price. It often is close. Sometimes closer than other times. Also we don't want to then take any old PA but when we have great setups this information is gold

Best
Mike
Attached Image(s) (click to enlarge)
Click to Enlarge Name: a.gif Size: 62 KB
Click to Enlarge Name: a2.gif Size: 92 KB
Click to Enlarge Name: a3.gif Size: 78 KB
  • #121,283
  • Nov 30, 2012 10:20am Nov 30, 2012 10:20am
Quoting kojak
USDCHF

Maybe i was just lucky..But i thought there was some resistance area and we couldn close above it. Lose steam. Almost a pin at this area = made me go short. Retest that hold = bearish. And out a couple of days later with 240 pip.
Have a great weekend guys.
that's some great patience there Kojak nicely done

Mike
  • #121,284
  • Nov 30, 2012 10:31am Nov 30, 2012 10:31am
Quoting swissforex
I didn't find any reason for NOT taking this Long trade on EURJPY..so I entered Long
break of the Box,retest of BigRoundNumber,Pinbar..not a perfect setup(strong Resistance ahead),but really a good one


http://mytradesontheblog.files.wordp...bar.gif?w=1176
Question is where to place your target and stop, where did ou enter exactly ? after close of pin at retest of pole or straight at touch of pole level ?

best,
Jonas
Hero calls followed by margin calls...
  • #121,285
  • Nov 30, 2012 10:34am Nov 30, 2012 10:34am
Quoting bullzeye
USD/SEK

this one is looking sexy ....i love fibs

Attachment
ya but initial turn and bullish trend was very very strong, so be careful taking such shorts = counter trade
Hero calls followed by margin calls...
  • #121,286
  • Nov 30, 2012 10:43am Nov 30, 2012 10:43am
Hi Mike,

Really appreciate your help. From what I understand from your adjustments, you are looking for S/R flips or PPZs on lower TFs rather than areas which act as only support or only resistance. Am I reading too much into it?
  • #121,287
  • Nov 30, 2012 11:11am Nov 30, 2012 11:11am
Quoting Sujith
Hi Mike,

Really appreciate your help. From what I understand from your adjustments, you are looking for S/R flips or PPZs on lower TFs rather than areas which act as only support or only resistance. Am I reading too much into it?
Hey S

it's not always price flips but often it is. They are still PPZs on the same timeframe they are just minor ones. FTA is simply the first possible place where price is likely to struggle. Sometimes this is a minor flip, sometimes a round number, sometimes bar highs/lows etc. It's not just one specific thing really. It's a very visual thing for me

Hope that helps
Mike
  • #121,288
  • Nov 30, 2012 11:50am Nov 30, 2012 11:50am
Quoting SimpleDev
Interesting opinion you have there.



Its not about the indicator is about the broker feed, volume will differ from broker to broker, but honestly as long as you have one of the larger and reputable brokers it will work just fine.
volumes differ from broker to broker?
that i only want to use it for the purpose of divergence! so using MACD will be fine right?
As "PInbar" suggested!
  • #121,289
  • Nov 30, 2012 12:39pm Nov 30, 2012 12:39pm
Hi guys and gals)))

I have position in eur/usd. (see attached chart)

It's my first experience/trade with James method.

I need your comments about this trade, did I do everything correct, I mean about pin (is it correct one?) location of this pin?

thank you

Abdu

p.s. sorry for my english I hav just basic knowledge of english, I'm tajik
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 11 KB
  • #121,290
  • Nov 30, 2012 12:54pm Nov 30, 2012 12:54pm
Quoting Abdu
Hi guys and gals)))

I have position in eur/usd. (see attached chart)

It's my first experience/trade with James method.

I need your comments about this trade, did I do everything correct, I mean about pin (is it correct one?) location of this pin?
Hey Abdu,

I am sure Mike will have his own experienced point of view on this one. Just thought I offer my two cents..

From what I can see on a zoomed out view (Another one of Mike's tips to get a good view of the situation):

Location - Excellent location as evident in the chart. This area has been a proven PPZ and has had multiple bounces. Another great point about this location is that this is a nice swing low.

The pin itself - A reasonable pin - Not the best one in the world as is evident in the chart. Might not stand out as say the one that occurs about 10 bars after this pin.

Trade Management - This is often the most difficult and you have simply excelled my friend. You had multiple trouble areas marked in my chart. To be still in the trade means you have trailed very well!

Hope this helps - All the best with your future trades!

Ganesh
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 22 KB
  • #121,291
  • Nov 30, 2012 1:46pm Nov 30, 2012 1:46pm
Quoting Abdu
Hi guys and gals)))

I have position in eur/usd. (see attached chart)

It's my first experience/trade with James method.

I need your comments about this trade, did I do everything correct, I mean about pin (is it correct one?) location of this pin?

thank you

Abdu

p.s. sorry for my english I hav just basic knowledge of english, I'm tajik
Very very small pin (with very weak close) - more a neutral bar, than pinbar really... not bad ppz (also weekly), BUT no divergance, no BRN (1.27 is round number but it is not big round number - these are every 500 pips)...I'd like to see more confluence here - no no for me.

take care my friend

And your English is quite good
Attached Image (click to enlarge)
Click to Enlarge Name: a2012-11-30.jpg Size: 128 KB
  • #121,292
  • Nov 30, 2012 3:17pm Nov 30, 2012 3:17pm
i read first 30-40 pages of this thread!
well few good charts in starting pages but after that nothing much informative!
Visiting james private forum is restricted?
  • #121,293
  • Nov 30, 2012 3:19pm Nov 30, 2012 3:19pm
Quoting aserbfx
i like this box on adm
seems like price is willing to retrace again
i could come up with charts like this for hours...
Attached Image (click to enlarge)
Click to Enlarge Name: adm2.png Size: 45 KB
meine augen sind die sterne
  • #121,294
  • Nov 30, 2012 3:24pm Nov 30, 2012 3:24pm
Quoting aserbfx
altria (mo) on weekly.

brn + pinbar + fib + trendline + big uptrend + relative strength compared to s&p 500

any comments appreciated
kaboom
more money ... day by day
Attached Image (click to enlarge)
Click to Enlarge Name: mo3.png Size: 40 KB
meine augen sind die sterne
  • #121,295
  • Nov 30, 2012 3:28pm Nov 30, 2012 3:28pm
Quoting aserbfx
amd
back to the support area
first chart is quarterly, second weekly timeframe.
been there, done that...
keep it simple...
Attached Image (click to enlarge)
Click to Enlarge Name: amd3.png Size: 41 KB
meine augen sind die sterne
  • #121,296
  • Nov 30, 2012 6:52pm Nov 30, 2012 6:52pm
Quoting mbqb11
Hey S

it's not always price flips but often it is. They are still PPZs on the same timeframe they are just minor ones. FTA is simply the first possible place where price is likely to struggle. Sometimes this is a minor flip, sometimes a round number, sometimes bar highs/lows etc. It's not just one specific thing really. It's a very visual thing for me

Hope that helps
Mike
Got it. Thanks once again.
  • #121,297
  • Nov 30, 2012 6:58pm Nov 30, 2012 6:58pm
Quoting surajkincity
i read first 30-40 pages of this thread!
well few good charts in starting pages but after that nothing much informative!
Visiting james private forum is restricted?
Hey Sura

Keep digging this thread is filled with thousands of pages of great info

Best
Mike
  • #121,298
  • Nov 30, 2012 7:15pm Nov 30, 2012 7:15pm
Quoting Pinbar
Ok, it is almost the weekend so, here is a J16 "Where is price going, where did it go" exercise, for anyone to join in.
Just post a chart with the area you think, this BEOB went to before it started having trouble.

This is how you work out your FTA so while it is a game, it is very constructive.

Don't be shy, new people are welcome to have a try.

I shall post the answer in the actual chart with the bars I removed, 24 hours from now.
This is a Daily time frame chart and, remember, we always look for big bars like this one, at a clear swing...
Cool exercise Steve . .


Yeah that's a Classic Mike ascending wedge pattern . .you can taste the divergence in that one . .

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #121,299
  • Nov 30, 2012 7:17pm Nov 30, 2012 7:17pm
Quoting Greenhaze
.
I like the Highest Close of Resistance entry too GH . .
Indicators show the past. Price Action "Indicates" the future.
  • #121,300
  • Nov 30, 2012 7:23pm Nov 30, 2012 7:23pm
The M15 Pb off the monthly level, turned into an M30 PB, An H1 BEOB, an H4 BEOB (close was not so good) and a Daily PB with a not so good close on this feed but, I think this feed closes a little early.

Let's see what it does on Monday.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15.jpg Size: 98 KB
Click to Enlarge Name: 30.jpg Size: 102 KB
Click to Enlarge Name: h1.jpg Size: 112 KB
Click to Enlarge Name: h4.jpg Size: 115 KB
Click to Enlarge Name: d1.jpg Size: 121 KB
45 traders viewing now