james16 Chart Thread

Quoting dmc

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I am catching up on some Boardwalk Empire. Up to season 3 now. So don't ruin it for me. lol :-) Here is a good little quote that reminded me of the James16 trading psychology we all need to have. This is how we should be thinking about trading. Just don't bet it all, bet your fixed % risk. :-) :-) https://www.youtube.com/watch?v=JhbhExed-OE

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Quoting rudolfo

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Hi All. Just wanted to Check if any body else has had n look at the AUDNZD. This seems to me like a nice Pin bar with some good space on the weekly charts? Comments welcome. Thanks Rudolfo

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Quoting cvcamper

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I dont often contribute, but: Eur/JPY Trend line break, retest. Fib retracement. Prior Support + Resistance. {image}

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Quoting albus999

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{quote} on my chart i the pinbar did not close within the previous bar(ie the left eye). however looking at your chart i see it closed within the left eye but also below a big round number for which i would pass this one up. Also 1.1500 is a monthly ppz and monthly LCS. The more closely i look at this it becomes a sure pass. for which there is more selling pressure than buying. Al {image} {image} {image}

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Quoting baccarat

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After some studying and analyzing, here is my first trade with J16, a winner . Entered at the break of the two-day pinbar and exited at what i thought (or still think) was the next pivot zone. Any critique welcome as i'm sure i made a few mistakes. Humbly, Mors {image}

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Quoting baccarat

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Looking through the charts i'm wondering, did anyone take this trade (on July 31), the break of the double/tripple/quadrupple top? Yes, why, no, why? I wonder why it failed. {image}

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Quoting baccarat

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Looking through the charts i'm wondering, did anyone take this trade (on July 31), the break of the double/tripple/quadrupple top? Yes, why, no, why? I wonder why it failed. {image}

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Quoting mbqb11

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{quote} Hey B I am not sure what you are speaking about here. Do you mean the multi bar high? If so I see a three bar high, but price did not ever move away from this area giving price no chance to build up orderflow I always look for multi bar highs/lows at swing points(that are created). So I want to see multi bar highs then price spend time away. Then it gives a stronger "burst" upon a break I may have misunderstood what PA setup you are referring to though Best Mike

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Quoting baccarat

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Thanks Mike & Fxgroup for the answers . What i meant is 1. yellow circle - the tripple top, wouldnt it make sense to place a buystop above it? And 2. the BUOB break to the downside (red circle). I can see it kind of crashed into a pivot zone which is the reason not to take it? {image}

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Quoting baccarat

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{quote} So if i understand you right price first should make a small swing downwards, and then it would make sense to place a buystop above, because price had time to gain some momentum by orderflow?

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Quoting mbqb11

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{quote} Hey B Yes that's what I thought you meant, so my answer above still applies here. Look for multi bar highs/lows that create swing points As for the BUOB, that buob is at a swing high remember to look for them at swing lows when starting out as well as it never broke so it's not a valid BUOB till it does. Best Mike

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Quoting rudolfo

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Hi. Went to a lower time frame on the chat I posted and noted that the close of the week was not where I thought it was. Looks like my chart include the Sunday as part of the previous week data(or something of the sort?)and as such formed the pin bar. Thanks for the comments.

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Quoting mbqb11

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{quote} Hey Rudolfo Yes lots of brokers treat that sunday data different. I prefer it being the start of the new week as the close of friday is important as you can see Best Mike

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