james16 Chart Thread | Page 6928 | 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

  • #138,541
  • Feb 12, 2016 7:35am Feb 12, 2016 7:35am
Quoting Guitarbloke
{quote} WIPG? Bam! target hit. Not bad for counter trend. Now, what do I do now price has hit my FTA? BE? Take profit? {image}
Look for lower timeframe entries Greg, if you use the WIPG target, it's only 14 pips away, your SL is over 100 pips so as you said what do you do when price hits it? If you can use the WIPG as your take profit then you're in a lot better shape.

Find an area you can use for a retrace entry and wait for some PA, find an area of previous support or resistance for example on the lower timeframes.

CadJpy 1hr

Attached Image


Possible 15 min inside bar entry

Attached Image (click to enlarge)
Click to Enlarge Name: cj 15.png Size: 14 KB
  • #138,542
  • Feb 12, 2016 3:58pm Feb 12, 2016 3:58pm
5% Pat? Nice work friend.

Hey Bill. NZD/USD H4. Looks like your near enough to your target. gr8 job. Here's a perspective that just struck me as I looked at that chart. Wonder if this might happen next week? Pls excuse my rough trend line. I threw it up Jim style, the difference being he actually knows what he's doing.

Edit: Thanks Al. Yes indeed. Love drilling down for a better entry concept.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH4 13216 text.png Size: 37 KB
'Fail to plan, plan to fail'
  • #138,543
  • Edited 7:03pm Feb 12, 2016 6:34pm | Edited 7:03pm
Quoting Guitarbloke
Hey Bill. NZD/USD H4. Looks like your near enough to your target. gr8 job. Here's a perspective that just struck me as I looked at that chart. Wonder if this might happen next week? Pls excuse my rough trend line. I threw it up Jim style, the difference being he actually knows what he's doing.
Morning GB,
How's the weather looking for the weekend? Bit gloomy here in South East Q.

NZD/USD moved nicely for me overnight. With about 10 minutes left in the week i closed out about 10 pips shy of my original TP. Happy.

What will it do next week?:
I think it is destined for the bottom T/L again but i don't know when. Of course it could breakout of the top T/L first, either way i will (likely) have a long entry on the books. However in the short term, it may test that little developing flip area around the pink line (typical ppz area as it's the middle area of the channel). After that i am more than happy if it goes to the top T/L and back down again for a 'Groundhog Day' entry.
So we will see next week, you could be spot on GB. I'll certainly be watching this chart closely anyway
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (754).png Size: 80 KB
  • #138,544
  • Feb 12, 2016 6:52pm Feb 12, 2016 6:52pm
Quoting alphac
{quote} Look for lower timeframe entries Greg, if you use the WIPG target, it's only 14 pips away, your SL is over 100 pips so as you said what do you do when price hits it? If you can use the WIPG as your take profit then you're in a lot better shape. Find an area you can use for a retrace entry and wait for some PA, find an area of previous support or resistance for example on the lower timeframes. CadJpy 1hr {image} Possible 15 min inside bar entry {image}
Yes Al. If you look at the bars on ANY chart/pair, you will find approximately 17 out of 20 will retrace some of the previous bar.
Getting a better entry (on the retrace) means less draw-down but more importantly more profit! I understand not all styles/systems suit using the retrace such as pure B/O trading etc.

Sometimes there is no retrace as price powers on or i'm late getting in and that's ok too, profit is profit but i'm always trying to predict and use the retrace for my financial and psychological advantage.
"Retrace for more space." (just made that up, sorry i know it's bad)...
  • #138,545
  • Feb 14, 2016 10:51am Feb 14, 2016 10:51am
this is a monster chart to watch. Price is squeezing very hard into the BRN and rising TL on the weekly

Watching this area like a hawk. Preference is a breakout long which is what a squeeze like this indicates. The bottom descending TL of the pattern shows strong divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: 2-14-2016 11-50-28 AM.gif Size: 31 KB
  • #138,546
  • Feb 14, 2016 5:03pm Feb 14, 2016 5:03pm
Mike, it's not a perfect pennant pattern but it's a good one nonetheless. If it breaks upward, often price will move up about the same distance as the "pole." That's my experience with shares anyway.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (771).png Size: 65 KB
  • #138,547
  • Feb 14, 2016 5:23pm Feb 14, 2016 5:23pm
Date: 15.2.2016
Time: 0:13 GMT+1
Pair: EURAUD
Timeframe : D1
Trade : SHORT
Entry now : 1.57883
Take profit 1 : 1.55520
Take profit 2 : OPEN
Take profit 3 : OPEN
Stop loss : 1.57867
Risk reward 1:3
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euraud-d1-international-capital-markets.png Size: 27 KB
Click to Enlarge Name: euraud-m5-international-capital-markets.png Size: 23 KB
  • #138,548
  • Feb 14, 2016 7:58pm Feb 14, 2016 7:58pm
Hi All,

Quick question about Pinbars if you don't mind:
For a 2-day PB to be a proper or valid one, should the 2nd bar here be longer then it is (chart below). In other words should it have moved up somewhere near where the 1st bar did or it doesn't matter that it is barely half the size of the 1st bar??

Cheers,
Bill
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (772).png Size: 70 KB
  • #138,549
  • Feb 14, 2016 9:08pm Feb 14, 2016 9:08pm
Quoting Bill618
Hi All, Quick question about Pinbars if you don't mind: For a 2-day PB to be a proper or valid one, should the 2nd bar here be longer then it is (chart below). In other words should it have moved up somewhere near where the 1st bar did or it doesn't matter that it is barely half the size of the 1st bar?? Cheers, Bill {image}
Hey Bill

It doesn't matter because all you need to do is blend those two bars by taking the open from the first, the close from the second. And you use the highest point of both bars and the lowest point of both bars

That will give you your blended 2 day bar

Best
Mike
  • #138,550
  • Edited Feb 15, 2016 2:00am Feb 14, 2016 9:50pm | Edited Feb 15, 2016 2:00am
Quoting mbqb11
{quote} Hey Bill It doesn't matter because all you need to do is blend those two bars by taking the open from the first, the close from the second. And you use the highest point of both bars and the lowest point of both bars That will give you your blended 2 day bar Best Mike
I reckoned as much Mike but i had the thought that maybe to "prove" it's worthiness that the 2nd bar should be similar to the 1st in terms of trading range. Thanks man!


2 trades today but a few more looking promising. Will wait until seeing what happens with PA during the madness that is the early part of the European sessions.

Early days for these two:
NZD/JPY D1 pinbar coming off a PPZ. TP is a looong way off but will get to BE a-sap and then give it some freedom.
AUD/SGD W1 pinbar coming off a PPZ. TP is a looong way off but will get to BE a-sap and then give it some freedom.

EDIT: Both now at BE.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot (774).png Size: 72 KB
Click to Enlarge Name: Screenshot (775).png Size: 70 KB
  • #138,551
  • Feb 15, 2016 4:08am Feb 15, 2016 4:08am
Hi guys, a nice BEOB on the AUDNZD 4hr, bouncing from a Fib 50%, is this the kind of thing we are looking for?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 143 KB
  • #138,552
  • Feb 15, 2016 4:29am Feb 15, 2016 4:29am
Quoting Daveydude
Hi guys, a nice BEOB on the AUDNZD 4hr, bouncing from a Fib 50%, is this the kind of thing we are looking for? {image}
Hey Davey. Looks a goer to me. Should see some downward action. If I traded this, I'd be looking to get in on a retrace. If u trade it on break of bar then stop loss may need some thought. All the best GB
'Fail to plan, plan to fail'
  • #138,553
  • Feb 15, 2016 4:31am Feb 15, 2016 4:31am
EURAUD now on BE, +140 pips, I share this signal for free.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud-d1-international-capital-markets.png Size: 26 KB
  • #138,554
  • Feb 15, 2016 4:48am Feb 15, 2016 4:48am
Quoting Guitarbloke
{quote} Hey Davey. Looks a goer to me. Should see some downward action. If I traded this, I'd be looking to get in on a retrace. If u trade it on break of bar then stop loss may need some thought. All the best GB
Hi GB, got in at 1.0736 retrace, stop at 1.0770
  • #138,555
  • Feb 15, 2016 4:56am Feb 15, 2016 4:56am
Quoting Guitarbloke
{quote} Hey Davey. Looks a goer to me. Should see some downward action. If I traded this, I'd be looking to get in on a retrace. If u trade it on break of bar then stop loss may need some thought. All the best GB
AudNzd 1hr chart

Attached Image (click to enlarge)
Click to Enlarge Name: az1.png Size: 10 KB
  • #138,556
  • Feb 15, 2016 5:31am Feb 15, 2016 5:31am
Quoting CapitalInves
EURAUD now on BE, +140 pips, I share this signal for free. {image}
My view on weekly chart.
My first post here, I subscribed FF only for this thread. Thank you all for what you are teaching for free.
Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_3144426_EURAUD_2016-02-15_12-25-52.png Size: 133 KB
  • #138,557
  • Feb 15, 2016 5:52am Feb 15, 2016 5:52am
Quoting Daveydude
Hi guys, a nice BEOB on the AUDNZD 4hr, bouncing from a Fib 50%, is this the kind of thing we are looking for? {image}
Possibly the BEOB's on the 1h and 4h will be nothing more than a retrace of the DBLHC bullish bar on the D1? Maybe?
Your trade might still work out great Dave and i hope it does but you may have to babysit it.
Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (776).png Size: 68 KB
  • #138,558
  • Feb 15, 2016 6:49am Feb 15, 2016 6:49am
Quoting Al3cs
{quote} My view on weekly chart. My first post here, I subscribed FF only for this thread. Thank you all for what you are teaching for free. {image}
Nice view, clean and simple. You are welcome.
  • #138,559
  • Feb 15, 2016 7:23am Feb 15, 2016 7:23am
Quoting alphac
{quote} AudNzd 1hr chart {image}
Pinbar at retrace area may be interesting

Attached Image (click to enlarge)
Click to Enlarge Name: an12.png Size: 10 KB
  • #138,560
  • Feb 15, 2016 11:58am Feb 15, 2016 11:58am
Aud/Nzd
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd-d1-fxpro-financial-services-2.png Size: 28 KB
151 traders viewing now