james16 Chart Thread | Page 6846 | 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

  • #136,901
  • Sep 10, 2015 4:38am Sep 10, 2015 4:38am
Quoting mbqb11
{quote} Hey K We would want price to close under that small box there then it would be a great wick play. That's not to say we should be a buyer but i'd rather be a buyer on the open with a tight stop under the box then a seller. Let me know if that makes sense Mike
Hey Mike,

yes thanks that makes sense. Price still closes above BRN 155.00.
Will observe a pullback to the trendline after a possible break.
Maybe a pin at 155.00 will show up for a long entry with conservative stop after the pin low.
But still its not a very strong convincing setup, so better to stay sideline and learn from your suggestions.

By the way, did you take on the SP500 long ?
If yes, was what was you entry signal (I could not observe one) and
were did you places the SL, below 1900 ?

Best,
K
Attached Image (click to enlarge)
Click to Enlarge Name: Tbond break.png Size: 31 KB
  • #136,902
  • Sep 10, 2015 4:54am Sep 10, 2015 4:54am
Is someone watching this one? It's a nice place to buy if the price closes like that isn't it?

UPDATE: Sorry GB, i saw your posts after posting mine. Do you expect a retrace?
Attached Image (click to enlarge)
Click to Enlarge Name: audusd1.jpg Size: 145 KB
  • #136,903
  • Sep 10, 2015 5:04am Sep 10, 2015 5:04am
Hi all,

GBPJPY D1 had a PB which actually didn't work out. What was the main issue in that setup here? Not enough space in the left or not enough retrace from EMA 365 to make it swing high PB? Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 74 KB
  • #136,904
  • Sep 10, 2015 5:40am Sep 10, 2015 5:40am
Hi Folks,
anyone watching this one, strong TL, waiting for PA to lead the way....what do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: AudNzd 4 hour.png Size: 226 KB
  • #136,905
  • Sep 10, 2015 6:02am Sep 10, 2015 6:02am
Quoting minijup9615
Is someone watching this one? It's a nice place to buy if the price closes like that isn't it? UPDATE: Sorry GB, i saw your posts after posting mine. Do you expect a retrace? {image}
Hey Mini. I'm not sure what price is going to do at the moment. So I will wait for it to show it's hand. It's looking bullish to me, but will wait for some more movement.
'Fail to plan, plan to fail'
  • #136,906
  • Sep 10, 2015 6:49am Sep 10, 2015 6:49am
Quoting analysttrade
{quote} Nice price action trades! but what about your losing trades? you every time post only wining trades. Can you post your losing trades?
AT. I'm trying to find a losing trade for you. Here's one.

USD/SGD H4 BUOVB. Entry on red arrow.

Attached Image (click to enlarge)
Click to Enlarge Name: USDSGDH4 10915 A.png Size: 34 KB
'Fail to plan, plan to fail'
  • #136,907
  • Sep 10, 2015 7:15am Sep 10, 2015 7:15am
You did not lose that one GB, you just did not manage it too well. Why didn't you move your SL to BE on that spike?
  • #136,908
  • Sep 10, 2015 7:34am Sep 10, 2015 7:34am
Quoting Guitarbloke
{quote} AT. I'm trying to find a losing trade for you. Here's one. USD/SGD H4 BUOVB. Entry on red arrow. {image}
here mine

entry on break of the OB that breaks the consolidation, tp just below the 150EMA / 1.5450 - knowing the trafic it ran into, especially by 1.54
Moved my SL behind the brown line after price retested 1.5375 (and was hesitating entering on a touch trade with a lower position there), and then below 1.5400 as price moved up again.
Price missed my TP by a few pip - then retraced to take me out...

Could have been a 2% win, turned out to be a 0.2% loss... that's life
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 42 KB
Slow & steady
  • #136,909
  • Sep 10, 2015 8:09am Sep 10, 2015 8:09am
Quoting alphac
Gbpusd 4hr, s & r area. {image}
GBPUSD 4HR, starting to get interesting.

Attached Image (click to enlarge)
Click to Enlarge Name: gu4.png Size: 24 KB
  • #136,910
  • Sep 10, 2015 8:32am Sep 10, 2015 8:32am
Quoting alphac
{quote} GBPUSD 4HR, starting to get interesting. {image}
I see that the area 1.54000 is indeed interesting, but I didn't like the PA sort of pinbar, weak close and closed bullish. Also, I think the FTA is quite near, at 1.53400, just 25 pips from the break of the pinbar.

If we get a strong PA, a good pinbar or good engulfing, we perhaps could aim to 1.52000

What are your thoughts on the FTA?
Had to be me. Someone else might have gotten it wrong.
  • #136,911
  • Sep 10, 2015 8:42am Sep 10, 2015 8:42am
Quoting mordin
{quote} I see that the area 1.54000 is indeed interesting, but I didn't like the PA sort of pinbar, weak close and closed bullish. Also, I think the FTA is quite near, at 1.53400, just 25 pips from the break of the pinbar. If we get a strong PA, a good pinbar or good engulfing, we perhaps could aim to 1.52000 What are your thoughts on the FTA?
No, I wouldn't take a trade off of that pinbar either, I've marked the FTA you mentioned which is exactly where I would expect price to react, it's just a matter of watching price now and see what it does when it reaches one of those lines, a daily BEOB below that lower line would be nice.

Attached Image (click to enlarge)
Click to Enlarge Name: gu42.png Size: 13 KB
  • #136,912
  • Sep 10, 2015 8:47am Sep 10, 2015 8:47am
Quoting Guitarbloke
AUD/USD H1 Break out. Looking for 0.71000 area TP. Closed short trade for 15 pip loss when this looked like turning north. I was right the first time! Update: Stopped out at 0.7060 after locking in profit for a 50 pip gain. Capital protected. Didn't want to hold for too long as counter trend trade, but could be more movement to the upside in coming days. {image}
I like your entries GB, but since I'm slower than you, I prefer to enter precisely in the areas where you take profit, or loss, as it may be. My first winning trade in a while. Long AUDUSD, from 38.2 to 100%.
Attached Image (click to enlarge)
Click to Enlarge Name: 20150910 AUDUSD.jpg Size: 81 KB
1.02^200
  • #136,913
  • Sep 10, 2015 9:01am Sep 10, 2015 9:01am
Quoting foxtrot2k5
Hi all, GBPJPY D1 had a PB which actually didn't work out. What was the main issue in that setup here? Not enough space in the left or not enough retrace from EMA 365 to make it swing high PB? Thanks! {image}
Hi foxtrot

In my feed, the pin bar's body is not entirely within the left eye, which violates one of the main criteria of a good pin bar.

Also, if you scroll back along your chart, you'll notice that 185.00 is a strong S/R area, and the "pin bar" didn't close under it.
  • #136,914
  • Edited 11:04am Sep 10, 2015 10:34am | Edited 11:04am
Long EUR/AUD, which finally broke through 1.5900.
Retracement entry could be better placed at 1.5855.

Edit: Feel uncomfortable with this trade and a red 1H pin formed,
closed with with 4 pips profit.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-AUD.png Size: 43 KB
  • #136,915
  • Sep 10, 2015 1:46pm Sep 10, 2015 1:46pm
Anyone interested in EUR/NOK daily pin bar?
Attached Image (click to enlarge)
Click to Enlarge Name: possible.png Size: 73 KB
Only those who dare to fail greatly can ever achieve greatly. - R. Kennedy
  • #136,916
  • Sep 10, 2015 2:57pm Sep 10, 2015 2:57pm
Quoting ChiLL 14
Anyone interested in EUR/NOK daily pin bar? {image}
Yes, Im watching this since many days.
Whats your entry and stop ?
I was thinking of a TL break
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-NOK.png Size: 29 KB
  • #136,917
  • Sep 10, 2015 3:14pm Sep 10, 2015 3:14pm
Quoting Kershey
{quote} Yes, Im watching this since many days. Whats your entry and stop ? I was thinking of a TL break {image}
Wow, I didn't notice the TL. I was thinking about entering on a close or a slight retrace but now I will have to think it through again. If I'd enter on a break the price would be too close to my 1st target area....
However, I'd put the initial stop below the low of the bar, then move after hitting the first TA.

It's 45 minutes until the bar closes. Maybe we'll manage to close above the TL.
Only those who dare to fail greatly can ever achieve greatly. - R. Kennedy
  • #136,918
  • Sep 10, 2015 3:56pm Sep 10, 2015 3:56pm
Quoting Kershey
{quote} Yes, Im watching this since many days. Whats your entry and stop ? I was thinking of a TL break {image}
Okay so I'm staying out of this trade. I would love to wake up tommorow with a "Take Profit Triggered" notification on my phone, but I am not feeling confident in this one.
Hope we'll share some thoughts regarding trade opportunities again Kershey!

Peace out
Only those who dare to fail greatly can ever achieve greatly. - R. Kennedy
  • #136,919
  • Sep 10, 2015 4:09pm Sep 10, 2015 4:09pm
Also on the Euro train with a long in EUR/CAD.
Looks like a strong close, after a D1 swing low, to me.
But maybe thats just what my eyes/brain want to see.
Not the best entry in the world, lets see how it works out.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-CAD.png Size: 55 KB
  • #136,920
  • Sep 10, 2015 4:14pm Sep 10, 2015 4:14pm
Quoting minijup9615
You did not lose that one GB, you just did not manage it too well. Why didn't you move your SL to BE on that spike?
I was away from the screen Mini. It was set and forget, but I agree, not managed as well as it could've been, but I'm still in the trade for now. NB: Price went where you'd expect it to. It peaked at the high of a daily bar 3 days ago almost to the pip. I should've zoomed out and set my TP there instead of higher. There's a bearish PB on the daily now, so I may look at shorting possibilities. But here's a winner below.

EUR/AUD H4 buy. Trading the box.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4 11915.png Size: 31 KB
'Fail to plan, plan to fail'
60 traders viewing now