james16 Chart Thread | Page 6218 | 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

  • #124,341
  • Apr 2, 2013 5:38pm Apr 2, 2013 5:38pm
Quoting ziven78
Yes Magestic that what i think as well, if we enter on close the stop above the last candle would be almost 260 pips - way too much for me. I'll be watching 1.80 area for PA on D/ 4H / 1H etc. Thanks
1 Question. If trading on daily. As james said, I wait for PA Setups to happen with some confuence. However, is a PA-setup also valid on lower timeframes, even if im trading on daily? I mean, shouldnt I wait for example, a pinbar to form on daily to enter trade, rather than accepting that it happened on 4H or 1H?

I dunno if im clear but i got lost when i saw what i quoted above.

Thank you guys
ralf86
  • #124,342
  • Apr 2, 2013 6:10pm Apr 2, 2013 6:10pm
Quoting ralf86
1 Question. If trading on daily. As james said, I wait for PA Setups to happen with some confuence. However, is a PA-setup also valid on lower timeframes, even if im trading on daily? I mean, shouldnt I wait for example, a pinbar to form on daily to enter trade, rather than accepting that it happened on 4H or 1H? I dunno if im clear but i got lost when i saw what i quoted above. Thank you guys ralf86
Hey Ralf

Each timeframe should really be looked at differently. What the above was suggesting is that at certain highly confluenced areas watching for PA on say the daily and 4hr can be considered valid. Again when starting out it's best and easiest to stick to the daily/weekly and be patient as you said.

Hope that clears it up
Mike
  • #124,343
  • Apr 2, 2013 11:17pm Apr 2, 2013 11:17pm
Quoting Mav13
Hi idhysek, PBT= price breaks through HCR= Highest close of resistance CB= closes below Here is link with list of other shortcuts created by Pinbar http://www.forexfactory.com/showthre...641#post634864 1 Mav


Quoting idhysek
thanks mav13
The Swing Failure Pattern (SFP) is not mine . .It was discovered by The Wizard (Tom) of the "Fail Better" Thread .

http://www.forexfactory.com/showthread.php?t=287794

Seek out more information about the SFPs through Tom . .you will be glad you did. . .


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #124,344
  • Apr 3, 2013 12:19am Apr 3, 2013 12:19am
Mav and Mbqb11,

thank you sir.
  • #124,345
  • Apr 3, 2013 3:28am Apr 3, 2013 3:28am
Hi guys

@EURUSD

I would love to see the Purple version, with the pullback on the Red TL, Breakout from Orange TL, and on the light blue HCR.
What do you think guys? Or am I just seeing things, that i want to see? LOL

Best,
Stephen

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 13 KB
It's all psychology...
  • #124,346
  • Apr 3, 2013 4:03am Apr 3, 2013 4:03am
Quoting long2339
Hi Meshka Are You still in cadjpy? Prace closed under 92,16. What do you think about this one?
looks not good... but still under the line. I moved my stop closer to 92.35.
all is eternal - this is good news for people who loves bad news
  • #124,347
  • Apr 3, 2013 4:42am Apr 3, 2013 4:42am
Just validating my observations...

Market: USD/JPY, Method: J16

The pair has formed a pin bar at a 61.8 fib retracement level, taking into account the prevailing trend is still to the upside and price has bounced off the BRN of 93.00, i'm ideally looking for a retracement back down to the BRN before resuming it's long trend

Attached Image (click to enlarge)
Click to Enlarge Name: 2013-04-03+USDJPY+Daily+J16.png Size: 30 KB


Market: GBP/USD, Method: J16

The pair has formed a bearish outside bar (BEOB) with the prevailing trend to the downside as well the level of where it has formed has been a strong resistance level. I'm looking for a 50% retracement to enter short

Attached Image (click to enlarge)
Click to Enlarge Name: 2013-04-03+GBPUSD+Daily+J16.png Size: 25 KB


Market: GBP/USD, Method: Jarrorr

Price has broken the LCS from february and now price has come back and retested this level 4 times in March. Now my questions regarding this is.

1. The label of point '1' would this be a valid short? If so where you would think of putting the stop.

2. Assuming '1' got stopped out, do we put another sell order on the LCS line again which would then be triggered by the second bearish candle after point '1'

3. Could the LCS still be valid for point 2? If so how long is a LCS line valid for until we disregardings it's potency?

Attached Image (click to enlarge)
Click to Enlarge Name: 2013-04-03+GBPUSD+Daily+Jarroor.png Size: 34 KB


I hope my questions are valid, just learning on the way. Your thoughts and comments would be greatly appreciated.
  • #124,348
  • Edited 5:10am Apr 3, 2013 4:53am | Edited 5:10am
Quoting Martin Kay
GBP/USD DAILY as of Wednesday, 03 April, 2013 A Daily big black candle has formed. This is a bearish candle as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trend line, or price resistance level), the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure...


You ever thought that you know very little about any of this?
From your post it is apparent you know hardly anything about trading, other than indicators & spamming other commercial threads with your useless drivel.

You do not even know what a Harami is nor an engulfing bar.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-candle-d.png Size: 106 KB
Attached Image
  • #124,349
  • Apr 3, 2013 8:47am Apr 3, 2013 8:47am
Quoting LamerTrader
Hi guys @EURUSD I would love to see the Purple version, with the pullback on the Red TL, Breakout from Orange TL, and on the light blue HCR. What do you think guys? Or am I just seeing things, that i want to see? LOL Best, Stephen {image}
Hey LT

Still looks good

Things are just moving pretty slow so just gotta be patient

I am still watching the same chart for weeks now

http://www.forexfactory.com/showthre...71#post6564071

Best
Mike
  • #124,350
  • Apr 3, 2013 8:48am Apr 3, 2013 8:48am
Quoting Pinbar
You ever thought that you know very little about any of this? From your post it is apparent you know hardly anything about trading, other than indicators & spamming other commercial threads with your useless drivel. You do not even know what a Harami is nor an engulfing bar. {image} {image}
don't waste your time Steve he's just spamming our thread i'll have to get him blocked off it

Mike
  • #124,351
  • Apr 3, 2013 8:51am Apr 3, 2013 8:51am
I want to use this time to say a big thank you to you Jim for this 1daful thread. Honestly my lifelong forex problem has been solved. Thanks to you. my first trade is banked in 50pips already. Truely learning from the masters pay.
  • #124,352
  • Apr 3, 2013 9:00am Apr 3, 2013 9:00am
Quoting mbqb11
don't waste your time Steve he's just spamming our thread i'll have to get him blocked off it Mike
thats Ezekiel Chew. pinbar brother , pretending to be a mentor and mr knows every thing about forex , most of you stuff can be found on his webpage also ... a hight profile scammer
  • #124,353
  • Apr 3, 2013 9:12am Apr 3, 2013 9:12am
Quoting dudely
I want to use this time to say a big thank you to you Jim for this 1daful thread. Honestly my lifelong forex problem has been solved. Thanks to you. my first trade is banked in 50pips already. Truely learning from the masters pay.
welcome dudely

glad to hear you are starting to find some success. Just take things slow and remember to follow post 1 careful

Best of luck
Mike
  • #124,354
  • Apr 3, 2013 9:49am Apr 3, 2013 9:49am
So just an update of BEOB on EURNZD i took last week. I had my TP much lower but price didnīt want to push through the blue line so I rather took a small profit but still nice trade
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd d1 7.gif Size: 32 KB
  • #124,355
  • Edited 10:38am Apr 3, 2013 10:22am | Edited 10:38am
Quoting makwana
Just validating my observations... Market: USD/JPY, Method: J16 The pair has formed a pin bar at a 61.8 fib retracement level, taking into account the prevailing trend is still to the upside and price has bounced off the BRN of 93.00, i'm ideally looking for a retracement back down to the BRN before resuming it's long trend {image} Market: GBP/USD, Method: J16 The pair has formed a bearish outside bar (BEOB) with the prevailing trend to the downside as well the level of where it has formed has been a strong resistance level. I'm looking for a 50%...

Hey makwana . .on the GU . .be aware of that HCR level too . .that I mentioned in that other post to you . .

Both levels are still valid as Resistance until a Daily bar can Close above them . .

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 24 KB
Indicators show the past. Price Action "Indicates" the future.
  • #124,356
  • Apr 3, 2013 11:56am Apr 3, 2013 11:56am
Quoting Martin600
So just an update of BEOB on EURNZD i took last week. I had my TP much lower but price didnīt want to push through the blue line so I rather took a small profit but still nice trade {image}
nice job Martin, I think that's a good area to take your profit too based on the type of trade

Keep it up
Mike
  • #124,357
  • Apr 3, 2013 1:55pm Apr 3, 2013 1:55pm
Quoting mbqb11
nice job Martin, I think that's a good area to take your profit too based on the type of trade Keep it up Mike
Thank you very much Mike, mainly for the work which you are doing here on FF. I would have no chance in this business without your charts
  • #124,358
  • Apr 3, 2013 3:26pm Apr 3, 2013 3:26pm
uphhff... my stop was really close ...
Attached Image
all is eternal - this is good news for people who loves bad news
  • #124,359
  • Apr 3, 2013 3:32pm Apr 3, 2013 3:32pm
Quoting meshka
uphhff... my stop was really close ... {image}
UPH/HFF ... what pair is that?

Very nice.
If you can't tell what the herd is doing...you probably are the herd.
  • #124,360
  • Apr 3, 2013 3:35pm Apr 3, 2013 3:35pm
Quoting meshka
uphhff... my stop was really close ... {image}
hello meshka........hope you are good..
49 traders viewing now, 1 is registered:
Zojahamad