james16 Chart Thread | Page 6753 | 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

  • #135,041
  • May 21, 2015 6:20am May 21, 2015 6:20am
GbpNzd
This pair keeps going up. Soon it'll realize that down is the way to go.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDH1.png Size: 49 KB
Keeping it Simple
  • #135,042
  • May 21, 2015 6:23am May 21, 2015 6:23am
EurUsd
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 50 KB
Keeping it Simple
  • #135,043
  • May 21, 2015 6:30am May 21, 2015 6:30am
Quoting habeeb
{quote} That's great. Don't forget to post a chart when you make your next trade. It'll get you into the habit of following some rules.

Thanks habeeb! I'll do that. Forward is the only way!

By the way, how is FxPro? are you happy with it? I've been thinking to switch to FxPro because they offer a wide range of financial instruments.
Had to be me. Someone else might have gotten it wrong.
  • #135,044
  • May 21, 2015 6:32am May 21, 2015 6:32am
Quoting habeeb
EurUsd {image}
mm so that's considered a buob? I thought that the tail was too long, and I believed it was the real body which had to sort of engulf (perhaps I'm mixing up with the bueb),

What are your thoughts on the pinbar after the buob? I would be paralyzed! One signal to go long, then another that signals short

thanks!
Had to be me. Someone else might have gotten it wrong.
  • #135,045
  • May 21, 2015 8:51am May 21, 2015 8:51am
pin from 1.5500 PPZ+BRN be now
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd pin h4.gif Size: 21 KB
  • #135,046
  • May 21, 2015 9:50am May 21, 2015 9:50am
Quoting mordin
{quote} Thanks habeeb! I'll do that. Forward is the only way! By the way, how is FxPro? are you happy with it? I've been thinking to switch to FxPro because they offer a wide range of financial instruments.
I like FxPro. Quite reliable, and their spreads usually don't go crazy as bad as some other brokers. I haven't experienced any slippage from them yet, but I'm sure it'll probably happen one day. Overall I'm happy with them.
Keeping it Simple
  • #135,047
  • May 21, 2015 9:51am May 21, 2015 9:51am
Quoting mordin
{quote} mm so that's considered a buob? I thought that the tail was too long, and I believed it was the real body which had to sort of engulf (perhaps I'm mixing up with the bueb), What are your thoughts on the pinbar after the buob? I would be paralyzed! One signal to go long, then another that signals short thanks!
I don't have a pinbar on on my chart. Show your's.
Keeping it Simple
  • #135,048
  • May 21, 2015 9:51am May 21, 2015 9:51am
Quoting protuberanec
pin from 1.5500 PPZ+BRN be now {image}
Nice trade
Keeping it Simple
  • #135,049
  • May 21, 2015 11:14am May 21, 2015 11:14am
Quoting mordin
{quote} Thanks Guitarbloke! I'm not giving up! It it just frustrating some times you know. But I'm decided to get that golden wheelbarrow for carrying the pips! I attach a better view of the GJ chart {image} I don't know why I ignored the BEOB, maybe I didn't see it because it was engulfing little candles. I thought that the price was being rejected by the confluence of the TL, resistance and even the 61 fib, so I went short. Now I see my error. Usually as I'm on demo, I don't calculate the 2%, although I do have the calculator. Currently...

hey mordin, that pin bar ( eur/aud) is a pin bar in shape only. the nature or the pinbars shape is what gives us the information of the market and tips its hand. the long spike of the pin want to cut through a PPZ of some kind and the body of the bar then wants to be above it (and close above it) (for bullish bars) the pin itself is therefore preferable at the bottom of a down swing. the shadow of the bar can be a tell tale sign that the order flow is weak under the price of the PPZ and that the bulls couldnt force a close below it rendering it resistance rather than support. if price is still in support from the PPZ and the order flow under it is pretty empty then it follows that it can be a good sign of price reversal. Also your pinbar was in traffic, as you said price stalled, in fact price had already stalled as shown by the horizontal trading leading up to the bar. Another sign that it was a weak signal if, imho ,it gave us any useful info at all.
We need to keep in mind that its the position and the story of the pinbars that give it its strengh. keep to the basics friend and you will see a difference.

best

jon
PATIENCE... DISCIPLINE
  • #135,050
  • May 21, 2015 12:28pm May 21, 2015 12:28pm
Quoting habeeb
{quote} I don't have a pinbar on on my chart. Show your's.
Thanks habeeb, I was actually referring to your chart, so by your comment, I understand that it is not a pinbar what follows
Had to be me. Someone else might have gotten it wrong.
  • #135,051
  • May 21, 2015 12:34pm May 21, 2015 12:34pm
Quoting g_j_hook@yah
{quote} hey mordin, that pin bar ( eur/aud) is a pin bar in shape only. the nature or the pinbars shape is what gives us the information of the market and tips its hand. the long spike of the pin want to cut through a PPZ of some kind and the body of the bar then wants to be above it (and close above it) (for bullish bars) the pin itself is therefore preferable at the bottom of a down swing. the shadow of the bar can be a tell tale sign that the order flow is weak under the price of the PPZ and that the bulls couldnt force a close below it rendering...
Thanks for the explanation! I thought that it was cutting a support. At least, a BUOB helped me to reach all my three TPs. The drawdown was about 34 pips, and my SL was behind the pinbar, so well not too bad
Had to be me. Someone else might have gotten it wrong.
  • #135,052
  • May 21, 2015 1:18pm May 21, 2015 1:18pm
Can anybody comment on this trade I made today?

I've written in the chart my doubts and thoughts about it.


Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD H4.png Size: 147 KB


Thanks in advance!
Had to be me. Someone else might have gotten it wrong.
  • #135,053
  • May 21, 2015 1:35pm May 21, 2015 1:35pm
Quoting mordin
Can anybody comment on this trade I made today? I've written in the chart my doubts and thoughts about it. {image} Thanks in advance!
mate,
here you go: no swing high, current overall uptrend, weak close of the pb. just to name of few.
my advice: re-read the summary of the thread. hth
meine augen sind die sterne
  • #135,054
  • May 21, 2015 2:06pm May 21, 2015 2:06pm
Quoting aserbfx
{quote} mate, here you go: no swing high, current overall uptrend, weak close of the pb. just to name of few. my advice: re-read the summary of the thread. hth
Aserbfx -your analysis of his trade is good -just a couple more points, If I may:

AND......his Pin Bar was crashing straight into RESISTANCE (Which the poster alluded to in his post but didn't seem to realize the importance of).
So Aserbfx is correct - the poster must start at post one on page one, read and demo. Allow at least 10000 hours of study and practice to get anywhere (this figure is alluded to frequently, and for a good reason). Good luck
every Saint has a past. Every Sinner has a Future
  • #135,055
  • May 21, 2015 2:16pm May 21, 2015 2:16pm
AU trade set-up:

Buy-Stop above daily high.
Cancel if no fill in 24 hours.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDDaily.1.png Size: 26 KB
  • #135,056
  • May 21, 2015 2:33pm May 21, 2015 2:33pm
Quoting mordin
Can anybody comment on this trade I made today? I've written in the chart my doubts and thoughts about it. {image} Thanks in advance!
Hi Mordin,
the guys are correct. You need space to the left of the pin bar. Your pin bar you traded was in traffic.... too much crowd around it.
However, with all other obstacles removed, you traded a pinbar, that did go 50 pips in your direction. In other words, your pin bar didn't fail.
Try using a trailing stop.
Keeping it Simple
  • #135,057
  • May 21, 2015 3:11pm May 21, 2015 3:11pm
habeeb, aserbfx, turnip15 thank you very much for your comments!!

I will proceed as advised and re read again. Now I clearly see my mistake, and it makes total sense. Will try to not make this mistake again.

Thanks a lot!
Had to be me. Someone else might have gotten it wrong.
  • #135,058
  • May 21, 2015 4:04pm May 21, 2015 4:04pm
GbpNzd
LOL ... I was watching as price forced itself to create a pin bar before the end of the day.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDDaily.png Size: 57 KB
Keeping it Simple
  • #135,059
  • Edited May 22, 2015 8:00am May 21, 2015 5:06pm | Edited May 22, 2015 8:00am
AUD/NZD D1. BEOVB rejecting 1.08000 BRN and 61% fib level at swing high. Sell.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDDaily22515.png Size: 33 KB


EDIT: 1st target hit. BE. Free trade from here.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDDaily22515A.png Size: 32 KB


GOLD. Some profit locked in. Will let market take me out. My bias is becoming bearish looking at surrounding price action.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH422515.png Size: 32 KB


EDIT: Stopped out USD/CAD for a loss. Stopped out Gold for a profit.
'Fail to plan, plan to fail'
  • #135,060
  • May 22, 2015 3:04am May 22, 2015 3:04am
S&P500
Since making the new high 3 days ago, price has been making lower highs and lower lows. The yellow trendline is also showing good resistance...no daily close above it yet. A daily close below the 2120 level will confirm my short bias, even though I'm short already.
Attached Image (click to enlarge)
Click to Enlarge Name: #EPM5Daily.png Size: 59 KB
Keeping it Simple
425 traders viewing now