james16 Chart Thread | Page 6254 | 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

  • #125,061
  • Apr 29, 2013 3:13pm Apr 29, 2013 3:13pm
GBPAUD Looks nice. Hoping for a nice strong close. Confluence mentioned above + 50% Fib.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpauddaily.png Size: 54 KB
  • #125,062
  • Apr 29, 2013 3:27pm Apr 29, 2013 3:27pm
I think you should also zoom I can not see what you have
(Microtrader)
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #125,063
  • Apr 29, 2013 3:43pm Apr 29, 2013 3:43pm
Quoting Bones
gbp aud ? {image}
Becareful of the FTA just below
  • #125,064
  • Apr 29, 2013 4:57pm Apr 29, 2013 4:57pm
I took the GBPCAD Daily Pin, I am a new private member over at J16 group and have only just started touching on the material (as such I was hesitant to take this one) however it just looked like a nice setup with a few confluence factors, so lets see what happens. small risk trade with stop now moved above prior bar. cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD daily.png Size: 155 KB
  • #125,065
  • Apr 29, 2013 6:30pm Apr 29, 2013 6:30pm
Quoting OzzieMatt
I took the GBPCAD Daily Pin, I am a new private member over at J16 group and have only just started touching on the material (as such I was hesitant to take this one) however it just looked like a nice setup with a few confluence factors, so lets see what happens. small risk trade with stop now moved above prior bar. cheers. {image}
Hey Matt

Good to have you in the PF

Technically that isn't a pinbar but just an inside bar. Often people see the "shape" of the pin but if it is contained with the range of the previous bar it is just an inside bar. Price broke hard from it which is nice but this pair is VERY choppy so I expect a lot of up and down and for that reason don't be surprised to see price start bouncing around on you if you choose to stay in

Hope that helps
Mike
  • #125,066
  • Apr 30, 2013 1:10am Apr 30, 2013 1:10am
CHF/ZAR

Dear all,

i hope your week is going well!

Does anyone trade or look at these crosscultural mixes? Noting that price action is reasonably distinct on this pair and historically over the last few weeks there has been some interesting and predictable action.

take it easy,

Mp
  • #125,067
  • Apr 30, 2013 7:48am Apr 30, 2013 7:48am
Quoting Mav13
{quote} Hi, here it is. Mav {file}

Hey Mav

Does this mean the spread is 16 points? Do I include the spread when I buy or sell? This is FXDD.

Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: my chart.gif Size: 21 KB
  • #125,068
  • Apr 30, 2013 7:51am Apr 30, 2013 7:51am
Quite days - bring some over analysing trying to force trades to look good.
  • #125,069
  • Apr 30, 2013 7:56am Apr 30, 2013 7:56am
Quoting 4xjoema
Quite days - bring some over analysing trying to force trades to look good.
thats the danger...better quit and return on monday
Hero calls followed by margin calls...
  • #125,070
  • Apr 30, 2013 8:32am Apr 30, 2013 8:32am
Quoting Mpondondo
CHF/ZAR Dear all, i hope your week is going well! Does anyone trade or look at these crosscultural mixes? Noting that price action is reasonably distinct on this pair and historically over the last few weeks there has been some interesting and predictable action. take it easy, Mp
Hey M

i watch roughly 80 FX pairs. I'll watch anything that has a decent looking chart and price moves on for the most part. As long as the PA looks good overall that's something I'll be interested in trading myself

Best
Mike
  • #125,071
  • Apr 30, 2013 8:35am Apr 30, 2013 8:35am
Quoting Mayube
{quote} Hey Mav Does this mean the spread is 16 points? Do I include the spread when I buy or sell? This is FXDD. Thanks! {image}
Hey M

That's 1.6 pts since you chart is displaying 5 digits after the decimal point. That last digit is a Pippette or 1/10 of a pt

Best
Mike
  • #125,072
  • Apr 30, 2013 8:36am Apr 30, 2013 8:36am
Quoting PhAnTi'
{quote} s.th like this e.g. {image}
Hero calls followed by margin calls...
  • #125,073
  • Apr 30, 2013 8:44am Apr 30, 2013 8:44am
Quoting 4xjoema
Quite days - bring some over analysing trying to force trades to look good.
yep DONT force it!

FX markets are pretty choppy or not doing a whole lot right now. It's only a matter of time before we see some big moves out of this type of environment. Just be patient we get paid to wait too(cliche but true)

Good reminder here Joe

Best
Mike
  • #125,074
  • Apr 30, 2013 10:15am Apr 30, 2013 10:15am
Having trouble with my old nemesis, stops, again. This morning I sold gbpchf at 1.44886 with a stop at 1.45137. Got stopped out (went to 1.45384) before truning around and is now atr 1.44625 and falling. I remember the basic advice of 'how far south can the trade go before you consider it irretrievable' but am wondering how to fine-tune that a bit.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfdaily.png Size: 34 KB
  • #125,075
  • Apr 30, 2013 10:16am Apr 30, 2013 10:16am
Looking at the chart, had I used the 150-day EMA I would have been ok.
  • #125,076
  • Apr 30, 2013 10:36am Apr 30, 2013 10:36am
Quoting oradba
Having trouble with my old nemesis, stops, again. This morning I sold gbpchf at 1.44886 with a stop at 1.45137. Got stopped out (went to 1.45384) before truning around and is now atr 1.44625 and falling. I remember the basic advice of 'how far south can the trade go before you consider it irretrievable' but am wondering how to fine-tune that a bit. {image}
Hey O

I see this as having only two logical stop loss placements. Above the bar formation as I like to do or above a logical retrace point

See chart

Hope that helps
Mike
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 26 KB
  • #125,077
  • Apr 30, 2013 12:44pm Apr 30, 2013 12:44pm
I thought I was going with the 'aggressive tighter stop' approach, but I should have been thinking retracement. Glad I practice prudent money management, it was only a $54 lesson. Think I'll go back to demo for a bit until it's a habit. Thank you, Mike.
  • #125,078
  • Apr 30, 2013 3:10pm Apr 30, 2013 3:10pm
Hi all,

Good looking opportunity on oil formed today:
Attached Image (click to enlarge)
Click to Enlarge Name: OIL.png Size: 47 KB
  • #125,079
  • Apr 30, 2013 4:17pm Apr 30, 2013 4:17pm
Quoting mbqb11
{quote} Hey Matt Good to have you in the PF Technically that isn't a pinbar but just an inside bar. Often people see the "shape" of the pin but if it is contained with the range of the previous bar it is just an inside bar. Price broke hard from it which is nice but this pair is VERY choppy so I expect a lot of up and down and for that reason don't be surprised to see price start bouncing around on you if you choose to stay in Hope that helps Mike
Cheers Mike,

I see what you are saying, the bar is not really standing on its own it is still trapped within the previous bar.

Thanks for the feedback, much appreciated.
  • #125,080
  • Apr 30, 2013 4:52pm Apr 30, 2013 4:52pm
Quoting oradba
I thought I was going with the 'aggressive tighter stop' approach, but I should have been thinking retracement. Glad I practice prudent money management, it was only a $54 lesson. Think I'll go back to demo for a bit until it's a habit. Thank you, Mike.
Glad to hear this Oradba

It's very smart to work out the kinks on demo and move to live slowly

Keep at it
Mike
31 traders viewing now