james16 Chart Thread
- #123,464
- Feb 27, 2013 6:21am Feb 27, 2013 6:21am
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
- #123,467
- Feb 27, 2013 7:57am Feb 27, 2013 7:57am
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
- #123,469
- Feb 27, 2013 8:43am Feb 27, 2013 8:43am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
GBP/USD does as expected at 5200 levels. 80 Pips on my side and stop brought to breakeven. Whenever I trade confluence, my success rate remains phenomenal. Now I wonder why I used to trade all those rat/cat moves in my earlier days?
Attachment
Hi Mike,
What is your opinion on this pair? I feel it is weak as the retest at weekly/daily PPZ ( break of multiple swing lows both on daily and weekly) was successful.
Though BRN 5000 remains a big barrier, Don't you think it has the potential to move further down in to 4000 levels?
Love...
I think we will see further bearish movement but right now we are at such a steep swing low there isn't a lot for me to do. I would prefer to see price retrace back towards 1.55 PPZ and look for PA there myself
Hope that helps
Mike
- #123,471
- Feb 27, 2013 8:45am Feb 27, 2013 8:45am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
You think so.
It does not have to be an absolute bottom to be considered a double bottom.
At least that is my understanding of a double bottom.
Think of it this way guys. The more major a swing point the better a candidate for a potential higher quality double bottom/top
This is a more minor swing point so it could be a more minor bottom for awhile
Mike
- #123,473
- Feb 27, 2013 8:50am Feb 27, 2013 8:50am
Sure looks like a downtrend to me, on the Daily TF.
Don't want to interfere here, but just want to say that I agree with Pinbar.
As technical traders we can see that uptrend has had some technical damage so it is possible that this down move will continue. But as stated earlier we are in a interesting location. We have also double bottom and we can go up also. Or then market can consolidate for a while here and make the directional decision later.
And as technical PA traders we most likely want to see something more to decide weather we want to buy or sell now or later.
- #123,475
- Feb 27, 2013 11:00am Feb 27, 2013 11:00am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
- #123,476
- Feb 27, 2013 12:01pm Feb 27, 2013 12:01pm
Made a short trade on EURUSD the moment i saw a large BEOB over the EMAs. But over the these two days it just aint moving!
Was just reflecting -
There is strong weekly support off 1.3000 which it bounced off at 1.3018. Was intending to move my stop to BE at 1.3003, but it didn't test that area (well, i'll say it reached 18 pips shy of 1.3000) and now i'm not so sure of the trade.
J16 seems to suggest the trade is still valid as the BEOB is not broken yet. But the indecision of the pair is still getting me nervous, and yet I somehow still still its bearish and waiting to break.
What do you guys think?
Was just reflecting -
There is strong weekly support off 1.3000 which it bounced off at 1.3018. Was intending to move my stop to BE at 1.3003, but it didn't test that area (well, i'll say it reached 18 pips shy of 1.3000) and now i'm not so sure of the trade.
J16 seems to suggest the trade is still valid as the BEOB is not broken yet. But the indecision of the pair is still getting me nervous, and yet I somehow still still its bearish and waiting to break.
What do you guys think?
- #123,479
- Feb 27, 2013 1:38pm Feb 27, 2013 1:38pm
Made a short trade on EURUSD the moment i saw a large BEOB over the EMAs. But over the these two days it just aint moving!
Attachment
Was just reflecting -
There is strong weekly support off 1.3000 which it bounced off at 1.3018. Was intending to move my stop to BE at 1.3003, but it didn't test that area (well, i'll say it reached 18 pips shy of 1.3000) and now i'm not so sure of the trade.
J16 seems to suggest the trade is still valid as the BEOB is not broken yet. But the indecision of the pair is still getting me nervous,...
- #123,480
- Feb 27, 2013 3:39pm Feb 27, 2013 3:39pm
J16 Thread
Having stumbled across this thread by a Google search ofprice action, I have to say “WOW”!!!!!!!!!!!!!!
This is pure gold. God bless people like you guys that offer this info forfree. Others charge an arm and a leg for pure garbage. I will join the PF laterthis year.
I have been glued to this thread for about a year now. I amtruly impressed by the honestly and sincerity of senior members, starting withMaster Sir James16 himself to Mike, etc. This is the purest form of trading andI truly believe it will change my life. I am not in a rush. I have a full timejob and will trade weekly and daily A+++++ PA with supreme confluence. I don’t care ifit’s 1 trade a month. To get a feel for price action, I do want to watch priceon other TF as explained below.
Brokers / Feeds /Chart Setup
I have seen the discussion regarding brokers/feeds. I useTradeStation, but view feeds from FXCM and FXDD (MT4). I understand from seniormembers to trade as I see it. The problem is that I don’t see the size barslike other postings in this thread. My bars are too big or too small (attached) 
. Do I need
a larger monitor? I have a 17”. Do I needmore than one? I have struggled too long with this, when I should be studyinghow to trade. Is there any video to show me how to set up my charts so they canlook the same size as yours? I am not too worried about the shape of bars, as Iunderstand different feeds will cause this. Sorry for this stupid question, but I need to feel comfortable with whatI see or I will make silly mistakes. Lastly, I really like the look and feel ofNinjaTrader, especially chart trading. Thoughts?
YM/ES/ Others
James trades intraday charts of these futures instruments,and others. What broker is he using to watch ? I don’t want to trade this yet.I will just watch the action for a few years. Any system that I can use forfree to do this now? I am interested in M5 or 2000 ticks, but will not tradefor a few years. I just want to get a feel for price. I need to be able tostudy charts in real time for free, and the charts should be easy to use and beuser-friendly.
I am not too clear whether it is better to trade the futuresor spot currency market? Any ideas?
Jarroo/Jankone M5Strategy/ RyanMcd
I saw a document by Chanya regarding Jarroo’s method. Isthere more summary info on this anywhere in pdf? If so, pls post link.
I also want to watch M5 currency TF (only watch it for a fewyears). This is according to Jankone-type style and Ryanmcd. I have been watchingthese for a while now, and noticed that A++++++ setups are high probability. Iunderstand Daily/Weekly trump lower TF as repeated so often by ALL seniorshere. However, I want to watch price on lower TF while I wait for 1-2 A+++++trades a month on daily/weekly. I think Jankone and Ryan are on to something,if you have patience and time to study it. I work in the day and can watchthese charts and/or print them out to study them. If I don’t do this, I wouldbe bored waiting for those perfect few setups a months. Can you see what Imean?
Thanks you all for your help!
Having stumbled across this thread by a Google search ofprice action, I have to say “WOW”!!!!!!!!!!!!!!
This is pure gold. God bless people like you guys that offer this info forfree. Others charge an arm and a leg for pure garbage. I will join the PF laterthis year. I have been glued to this thread for about a year now. I amtruly impressed by the honestly and sincerity of senior members, starting withMaster Sir James16 himself to Mike, etc. This is the purest form of trading andI truly believe it will change my life. I am not in a rush. I have a full timejob and will trade weekly and daily A+++++ PA with supreme confluence. I don’t care ifit’s 1 trade a month. To get a feel for price action, I do want to watch priceon other TF as explained below.
Brokers / Feeds /Chart Setup
I have seen the discussion regarding brokers/feeds. I useTradeStation, but view feeds from FXCM and FXDD (MT4). I understand from seniormembers to trade as I see it. The problem is that I don’t see the size barslike other postings in this thread. My bars are too big or too small (attached)
a larger monitor? I have a 17”. Do I needmore than one? I have struggled too long with this, when I should be studyinghow to trade. Is there any video to show me how to set up my charts so they canlook the same size as yours? I am not too worried about the shape of bars, as Iunderstand different feeds will cause this. Sorry for this stupid question, but I need to feel comfortable with whatI see or I will make silly mistakes. Lastly, I really like the look and feel ofNinjaTrader, especially chart trading. Thoughts?
YM/ES/ Others
James trades intraday charts of these futures instruments,and others. What broker is he using to watch ? I don’t want to trade this yet.I will just watch the action for a few years. Any system that I can use forfree to do this now? I am interested in M5 or 2000 ticks, but will not tradefor a few years. I just want to get a feel for price. I need to be able tostudy charts in real time for free, and the charts should be easy to use and beuser-friendly.
I am not too clear whether it is better to trade the futuresor spot currency market? Any ideas?
Jarroo/Jankone M5Strategy/ RyanMcd
I saw a document by Chanya regarding Jarroo’s method. Isthere more summary info on this anywhere in pdf? If so, pls post link.
I also want to watch M5 currency TF (only watch it for a fewyears). This is according to Jankone-type style and Ryanmcd. I have been watchingthese for a while now, and noticed that A++++++ setups are high probability. Iunderstand Daily/Weekly trump lower TF as repeated so often by ALL seniorshere. However, I want to watch price on lower TF while I wait for 1-2 A+++++trades a month on daily/weekly. I think Jankone and Ryan are on to something,if you have patience and time to study it. I work in the day and can watchthese charts and/or print them out to study them. If I don’t do this, I wouldbe bored waiting for those perfect few setups a months. Can you see what Imean?
Thanks you all for your help!