james16 Chart Thread | Page 6141 | 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

  • #122,801
  • Jan 25, 2013 7:39am Jan 25, 2013 7:39am
Quoting rolo1128
Was thinking the same thing. You didnt get the entry on the way down though correct??
not sure i understood what You are asking? English is not my best skill lol
all is eternal - this is good news for people who loves bad news
  • #122,802
  • Jan 25, 2013 7:40am Jan 25, 2013 7:40am
Anyone caught that USDJPY movement from early on?

I was waiting for the movement but I was too late when I saw it. DIdn't see any candle formation I'm used to either.
  • #122,803
  • Jan 25, 2013 7:43am Jan 25, 2013 7:43am
my little touchtrade
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY,Weekly]_2013-01-25_15-39-53.jpg Size: 107 KB
all is eternal - this is good news for people who loves bad news
  • #122,804
  • Jan 25, 2013 7:58am Jan 25, 2013 7:58am
meshka great GBPCHF trade! It missed my sell limit by 2pips, when retracing back to resistance... But nice trade for you!
  • #122,805
  • Jan 25, 2013 8:49am Jan 25, 2013 8:49am
Quoting meshka
not sure i understood what You are asking? English is not my best skill lol
Did your sell limit order trigger on your GBPCHF trade? or did you trade a break of the daily BEOB? I was hoping for an initial retest back to to the daily LCS.
The Eyes Believe What They See And The Ears Believe What Others Say.
  • #122,806
  • Jan 25, 2013 9:02am Jan 25, 2013 9:02am
Quoting rolo1128
Did your sell limit order trigger on your GBPCHF trade? or did you trade a break of the daily BEOB? I was hoping for an initial retest back to to the daily LCS.
no my sell limit didnt worked unfortunately .. I usually open small amount at the break of setup manually and set triple amount pending order at retrace. found it useful because sometimes price run without looking back and i am still making pips... if it retrace I load full position and thats even better.... or worse lol ....
all is eternal - this is good news for people who loves bad news
  • #122,807
  • Jan 25, 2013 9:09am Jan 25, 2013 9:09am
GOLD
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD,H4]_2013-01-25_17-05-52.jpg Size: 266 KB
all is eternal - this is good news for people who loves bad news
  • #122,808
  • Jan 25, 2013 9:09am Jan 25, 2013 9:09am
Quoting geomink
9 H4 green candel in row!!

it seems long with no retracement

really increadible!!

never saw a thing like this before
Hey G

I've seen it many times before. Just be patient for an entry you would take or not. If the market runs and runs and you have no entry that fits your method just let it go. Strong trend markets can get people very excited but they can turn fast on you too. I simply just watch and wait until something fits my criteria as it would any other day

Best
Mike
  • #122,809
  • Jan 25, 2013 9:18am Jan 25, 2013 9:18am
Quoting meshka
no my sell limit didnt worked unfortunately .. I usually open small amount at the break of setup manually and set triple amount pending order at retrace. found it useful because sometimes price run without looking back and i am still making pips... if it retrace I load full position and thats even better.... or worse lol ....
But at least its not taking a full position loss from the break of the candle. This is interesting. Ill have to practice this. Thanks.
The Eyes Believe What They See And The Ears Believe What Others Say.
  • #122,810
  • Jan 25, 2013 9:26am Jan 25, 2013 9:26am
Quoting meshka
no my sell limit didnt worked unfortunately .. I usually open small amount at the break of setup manually and set triple amount pending order at retrace. found it useful because sometimes price run without looking back and i am still making pips... if it retrace I load full position and thats even better.... or worse lol ....
Meskha.

Good idea. I will definitely adopt this method of entry

Olu
If you think you can or cannot do it you are correct
  • #122,811
  • Jan 25, 2013 9:46am Jan 25, 2013 9:46am
Quoting ronald_fsm
I want to know, is that anyone have experience using this indicator? (pinbar dashboard ) . Here is the link : http://multipinbarhunter.mulsis.com/ . How about the result? thanks for your information.
I think multipinbarhunter is not an indicator like others, their intended is not give input signals, I see it more as to save time, in a single search window provides many currencies and TF.

I found the reference guide:

http://www.4shared.com/office/O_cx78...reference.html
  • #122,812
  • Edited 11:38am Jan 25, 2013 11:08am | Edited 11:38am
My AU trade today.
Reasons to enter, last candle close below the support line, and wait for retracement and i enter.

Edit:
Need opinion on this trade, is it just a beginner luck or am i in the correct PA. I am still really noob about bar chart and fibo. trying many things but, get back to this chart by analyzing 1hr 4hr and daily TF for PA only.

Many thanks to james. soon if have those extra bucks, i am gonna subscribe for a year long to your website.
Attached Image (click to enlarge)
Click to Enlarge Name: au daily.gif Size: 47 KB
  • #122,813
  • Jan 25, 2013 11:51am Jan 25, 2013 11:51am
Quoting ping-ping
My AU trade today.
Reasons to enter, last candle close below the support line, and wait for retracement and i enter.

Edit:
Need opinion on this trade, is it just a beginner luck or am i in the correct PA. I am still really noob about bar chart and fibo. trying many things but, get back to this chart by analyzing 1hr 4hr and daily TF for PA only.

Many thanks to james. soon if have those extra bucks, i am gonna subscribe for a year long to your website.
Hey Ping-ping

Your PPZ level is good where you entered the trade. Although a bit more advanced, that is correct application of PPZs(that is a flip of support and resistance). Your fib is irrelevant in this case unless you are using it for a target from that small swing points. In this case the basis are using a PPZ after a strong close back under the PPZ, so that PPZ should hold as resistance again if not you would bail out quick. Again a bit trickier because touch trading generally gives people more trouble as well as they tend to over trade. But for your first post/trade that's very good application of what James shows

Hope that helps
Mike
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 31 KB
  • #122,814
  • Jan 25, 2013 11:53pm Jan 25, 2013 11:53pm
Quoting mbqb11
Hey Ping-ping

Your PPZ level is good where you entered the trade. Although a bit more advanced, that is correct application of PPZs(that is a flip of support and resistance). Your fib is irrelevant in this case unless you are using it for a target from that small swing points. In this case the basis are using a PPZ after a strong close back under the PPZ, so that PPZ should hold as resistance again if not you would bail out quick. Again a bit trickier because touch trading generally gives people more trouble as well as they tend to over trade....
Hi mike,
Thanks for the advice, at least i see quite clear about PA now. I will try to study further about other charts. At least this tell me not to just execute trade whether indicator showed in overbought area or oversold area.

thanks once again mike.

Edward
  • #122,815
  • Jan 26, 2013 5:51am Jan 26, 2013 5:51am
USD/CAD Pinbar.

http://www.abload.de/img/usdcad260113s4rpa.gif
  • #122,816
  • Edited 5:54pm Jan 26, 2013 6:18am | Edited 5:54pm
Quoting daveone
USD/CAD Pinbar.

http://www.abload.de/img/usdcad260113s4rpa.gif
This chart states all the reasons why, we don't need that that PB indicator!
Only humans can differentiate between a real PB and something like this.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 149 KB
  • #122,817
  • Jan 26, 2013 7:22am Jan 26, 2013 7:22am
Quoting Pinbar
This post states all the reasons why, we do need that that PB indicator!
Only humans can differentiate between a real PB and something like this.
Its not a regular pin bar but it is still in the scope of the advanced James16 material. Its a pin bar by proxy but I totally agree with you Steve in that its not a great setup at all running straight into parity.

g.
I believe . . .
  • #122,818
  • Jan 26, 2013 7:32am Jan 26, 2013 7:32am
german qiagen approaching an interesting zone near round number 15 euro and former resistance.
the company is also listed in the us as qgen, btw.
do not step in blindly in either direction, but let the market decide which way to trade.
Attached Image (click to enlarge)
Click to Enlarge Name: QIAGEN NV EO -,01.png Size: 26 KB
meine augen sind die sterne
  • #122,819
  • Jan 26, 2013 7:51am Jan 26, 2013 7:51am
Quoting Pinbar
This post states all the reasons why, we do need that that PB indicator!
Only humans can differentiate between a real PB and something like this.
Hey Steve,

Sticking to USDCAD, what do you think of the level noted on the chart? It's a confluence of HCR and 50% retr. of the last big swing, broken aggressively on Friday.
Could it play as support (or eventually retrace till 1.0000 BRN) in order to continue the bullish move ?

Many thx!
Attached Image (click to enlarge)
Click to Enlarge Name: uscad.JPG Size: 93 KB
  • #122,820
  • Jan 26, 2013 7:53am Jan 26, 2013 7:53am
Quoting CryAgony
Hey Steve,

Sticking to USDCAD, what do you think of the level noted on the chart? It's a confluence of HCR and 50% retr. of the last big swing, broken aggressively on Friday.
Could it play as support (or eventually retrace till 1.0000 BRN) in order to continue the bullish move ?

Many thx!
You beat me to it. I was thinking similar. My bias was to look for price action at one of these levels to go long rather than short.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 51 KB
52 traders viewing now