james16 Chart Thread | Page 6979 | 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

  • #139,561
  • Aug 27, 2016 12:02am Aug 27, 2016 12:02am
Quoting mbqb11
caught a beauty on the nzd/usd massive daily divergence, sold the touch, Can we get a big ole daily beob now? Markets continue to not want to break out but you never know
Hi Mike, can you share your thoughts on whether time zone displayed in the charts affect price action signal accuracy? I heard EST is the best one to use. Is that what you recommend as well? If so, love to know the broker you use or any MT4 that display EST/NY time.

Everyone else is welcome to share is well. As always, love this thread.
  • #139,562
  • Aug 27, 2016 9:13am Aug 27, 2016 9:13am
Quoting halfstep
{quote} Hi Mike, can you share your thoughts on whether time zone displayed in the charts affect price action signal accuracy? I heard EST is the best one to use. Is that what you recommend as well? If so, love to know the broker you use or any MT4 that display EST/NY time. Everyone else is welcome to share is well. As always, love this thread.
Hey HS

Good to see you

I am a firm believer in the 5pm est NY close. It is in my opinion really the official close, when rollover happens etc.

Oanda offers a 5pm close. Although for the longest time they did not(as well as not offer mt4). You can always chart with a broker that has a 5pm close and just transfer your orders to your live broker. Fxpro offers a great reliable feed too.

Enjoy the weekend
Mike
  • #139,563
  • Aug 27, 2016 3:20pm Aug 27, 2016 3:20pm
Привет всем! Есть кто говорит по русски?
  • #139,564
  • Aug 27, 2016 3:22pm Aug 27, 2016 3:22pm
Quoting Kinder
Привет всем! Есть кто говорит по русски?
https://translate.google.co.uk/
  • #139,565
  • Aug 27, 2016 3:26pm Aug 27, 2016 3:26pm
Quoting Zaak
{quote} https://translate.google.co.uk/
Hi Zaak! Thx)) i can speak English, but maybe some Russian traders are here.
  • #139,566
  • Aug 28, 2016 5:45am Aug 28, 2016 5:45am
Mike will you trade this BEOB on daily?
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 45 KB
  • #139,567
  • Aug 28, 2016 8:23am Aug 28, 2016 8:23am
Quoting sirovai
{quote} Ok florine, Sorry for my ot. I Always keep an eye on this thread!
@sirovai no need to be sorry, we all are here to learn; also seems that your trade close in a profit; also i took a sell from the level that i said i'm interested

@Maklla Mike is short from the high of the bar see post 139558

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf-h1-admiral-markets.png Size: 25 KB
  • #139,568
  • Aug 28, 2016 1:06pm Aug 28, 2016 1:06pm
Quoting mbqb11
caught a beauty on the nzd/usd massive daily divergence, sold the touch, Can we get a big ole daily beob now? Markets continue to not want to break out but you never know {image} {image}
May be missing something but how did you determine it was a sell before the beob?
  • #139,569
  • Aug 28, 2016 7:13pm Aug 28, 2016 7:13pm
Quoting Maklla
Mike will you trade this BEOB on daily? {image}
Hey Maklla

I'm still holding my shorts because of that beob. I'm going to see if the beob wants to push us lower here. So trading it but not outright or adding

Best
Mike
Attached Image (click to enlarge)
Click to Enlarge Name: 8-28-2016 8-12-30 PM.jpg Size: 154 KB
  • #139,570
  • Aug 28, 2016 7:15pm Aug 28, 2016 7:15pm
Quoting fascist
{quote} May be missing something but how did you determine it was a sell before the beob?
Hey Fascist

I used the divergence at that area and pinpointed my entry on a lower timeframe but was going to "touch" the area either way. Here was my post from the PF

Hope it helps
Mike
Attached Image (click to enlarge)
Click to Enlarge Name: 8-28-2016 8-14-32 PM.jpg Size: 204 KB
  • #139,571
  • Aug 29, 2016 3:14am Aug 29, 2016 3:14am
Quoting mbqb11
{quote} Hey Maklla I'm still holding my shorts because of that beob. I'm going to see if the beob wants to push us lower here. So trading it but not outright or adding Best Mike {image}
Thanks, I'm happy to hear this
  • #139,572
  • Aug 29, 2016 6:36am Aug 29, 2016 6:36am
Quoting Maklla
Mike will you trade this BEOB on daily? {image}
Maklla i noticed the same but maybe is better to wait for a break of 0,72 brn where i see a demand zone on the 4H
Attached Image (click to enlarge)
Click to Enlarge Name: Cattura.PNG Size: 69 KB
  • #139,573
  • Aug 29, 2016 6:39am Aug 29, 2016 6:39am
I traded this BEOB on the 4 H on the EURUSD
Take half of position and let a free trade to the target
Attached Image (click to enlarge)
Click to Enlarge Name: Cattura.PNG Size: 58 KB
  • #139,574
  • Aug 29, 2016 7:04am Aug 29, 2016 7:04am
i'm watching audcad. Broke a consolidation. Im waiting an h1 close under the tl to go short
Attached Image (click to enlarge)
Click to Enlarge Name: Cattura.PNG Size: 78 KB
  • #139,575
  • Aug 30, 2016 2:00am Aug 30, 2016 2:00am
weekly head and shoulders
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDWeekly.png Size: 48 KB
  • #139,576
  • Aug 30, 2016 2:45am Aug 30, 2016 2:45am
To possible entry points to play this are 1.0370 and 1.02... remember this is a big weekly/monthly pattern so stops need to be wider and patience requires. People have been waiting for his inverse H&S to play out for many weeks/months.
  • #139,577
  • Aug 30, 2016 2:48am Aug 30, 2016 2:48am
The right shoulder seems to be making a well-known harmonic pattern tooo.... look closely and it would be clearly visible to you
  • #139,578
  • Aug 30, 2016 9:13am Aug 30, 2016 9:13am
Quoting mbqb11
{quote} Hey Fascist I used the divergence at that area and pinpointed my entry on a lower timeframe but was going to "touch" the area either way. Here was my post from the PF Hope it helps Mike {image}

i've gone ahead and locked in profit on that daily beob now. Notice price pulled back to the daily TL, that's my 'line in the sand'. So had you sold the beob you should sell around there / use that area for trade mgmt in my opinion.

Again although my entry was earlier I use the same techniques for entries/trade mgmt . I think that's where a lot of people lose consistency cause they don't really formulate plans. So some trades work, some trades don't but ultimately to find success it's more about consistency (assuming you've found an edge)

I wrote an article on this here that I think can really help new traders.


https://www.james16group.us/wp/pract...-forex-traders
Attached Image (click to enlarge)
Click to Enlarge Name: 8-30-2016 10-09-35 AM.jpg Size: 134 KB
  • #139,579
  • Aug 30, 2016 5:36pm Aug 30, 2016 5:36pm
Quoting mbqb11
{quote} i've gone ahead and locked in profit on that daily beob now. Notice price pulled back to the daily TL, that's my 'line in the sand'. So had you sold the beob you should sell around there / use that area for trade mgmt in my opinion. Again although my entry was earlier I use the same techniques for entries/trade mgmt . I think that's where a lot of people lose consistency cause they don't really formulate plans. So some trades work, some trades don't but ultimately to find success it's more about consistency (assuming you've found an edge)...
Hey Mike,

I was looking for a retrace to enter before it touched the 0.72 area (support) as marked with the pink arrows, but price went to the support zone and then retraced..
That move made me think twice before taking it.

Fxchap.
Attached Image (click to enlarge)
Click to Enlarge Name: nu.jpg Size: 45 KB
  • #139,580
  • Aug 30, 2016 7:51pm Aug 30, 2016 7:51pm
i've created a new blog post for you all. I am trying to do at least one of these a week. I hope these do help

https://www.james16group.us/wp/what-...-on-the-eurusd
25 traders viewing now