james16 Chart Thread

g_j_hook@yah · #**11471** Jul 5, 2008 8:20am

hi ,could someyone comment on this dbhlc on the 4h oil chart??
thanx

g_j_hook@yah · #**11481** Jul 6, 2008 6:33am

Quote:

Originally Posted by jarroo

What does the Daily and Weekly charts look like?

good point..short answer..overbought. weekly is showing divergence from both stochs and rsi,both in overbought levels,and last weeks candle is a kind of eve star with a long body??not sure how to interpret this candle other than it looks bullish but the gap says look out for a retrace!??..help!!.

daily is also interesting with an eve star formation followed by an inside day on friday,also oversold.
1h however is showing bullish divergence with a double bottom in price,oversold.4h is warning af a short lived retracement(imo)when stochs fall rapidly but the price doesnt follow much.
plan of action?? will demo a short on the break of 144.20 or a failure of its new highs or buy a break of the last high.
ok got that of my chest, so could anybody who knows what theyre doin like to comment!!?? lol

g_j_hook@yah · #**11504** Jul 7, 2008 11:34am

Quote:

Originally Posted by jarroo

You say its overbought, can I ask you . . to whom is it overbought ? Oversold on the Daily . . . . to who?

Sorry not big fan of the indicators. Divergence has its place (I guess), but I look at it as a misleading indication.

The Weekly chart is heading to the moon. But the Daily shows a 2 day Pin Bar (Bearish) and the DBHLC (Bearish) you pointed out on the 4 hour. We may see a some down side movement to the lower PPZ. We shall see.

ok thanx again.
well heres the situation now,i did demo a successful short (short term) but assuming i was still in the trade would you ride this till the res. you pointed out or how would you manage this trade if you were short??
trading the setups is imo the easy part,for me its the management of them where i make the most mistakes.
p.s.by the way i assume your pointing to the fact that this looks to be long term investors here not just momentum traders??

g_j_hook@yah · #**11547** Jul 9, 2008 2:49am

Quote:

Originally Posted by jarroo

Maybre I should start trading OIL. . . . . nah.

Price Action Rules.

thinkin about it myself!!!! demo,d a short on the break of the inside bar,lets what happens today!!?
IBs rule ok

g_j_hook@yah · #**11548** Jul 9, 2008 3:29am

speaking of eu/yen there is a smaller triangle within the bigger wedge,which COULD call the top of the current raleigh??a little bearish divergence (for now)lends a bit of weight
an the mo 4h chart shows an OB and the 1h shows an IB coming at the recent range highs,also lookin overbought

g_j_hook@yah · #**11550** Jul 9, 2008 6:34am

Quote:

Originally Posted by cesare76fx

What a hell is this doing in James16 thread?

edit: I can see you are being suspended, nice!

that my post you talkin about??? i thought an OB is relevent to this thread!!??

g_j_hook@yah · #**11552** Jul 9, 2008 7:00am

Quote:

Originally Posted by cesare76fx

Absolutely not!
It was a post advertising a service that has been probably canceled by the moderators, I had a quote-link but decided to take it off as it was still a link.
Your post is relevant and I would never make fun of a fellow trader.

ah thanx,i thought it was a bit strong !!lol

g_j_hook@yah · #**11574** Jul 10, 2008 1:22pm

Quote:

Originally Posted by via-forex

GbpUsd weekly chart is showing a descending triangle. The descending triangle is continuation chart pattern in a downtrend in which the support line is broken and the downtrend goes on. In this case the GU is in an up trend. The price broke out of it and pulled back to the breakout level. If this week closes with a pin bar, it can be a possible trade. But still there are the PPZs 2.0000 and the 1.9630. The price may get stucked between them.
Location: Break out of the triangle and pulled back to the breakout level
Confluences: TL and PPZ 1.9630
Higher time frames PA: pin bars on monthly chart to PPZ 1.9365
Trend direction: It is a trend continuation for the uptrend.
What do you think?

i like this also iv had it on my radars!!
Yesterdays candle was a bullish engulfing pattern still needing confirmation.what i like right now is the dblhc on the 4h chart.could be a good entry??

g_j_hook@yah · #**13281** Sep 1, 2008 4:14pm

Quote:

Originally Posted by jarroo

Stopped out of the Gbp/Jpy -65 pips. (near bottom of PB)

Conclusion: In a strong trending market (recent Usd/Gbp & Gbp/Jpy) filling the gap against the trend; not good. In a ranging market (Usd/Chf & Usd/Jpy) more probability that the gap will be filled. imo

nice posts mate.i agree...dont let the longer term escape your thoughts!!

g_j_hook@yah · #**13282** Sep 1, 2008 4:22pm

one q. from a newbie..did anyone trade the trend with gb n yen ?? i.e go short when the gap had (or hadnt)been filled??

g_j_hook@yah · #**13283** Sep 1, 2008 4:37pm

aud/cad weekly pin seems to be formining a nice right eye. any thoughts on this pin.went long (demo) on the hourly tf on the rejection of the 9050 level looking to get to get a part possition open early,any feedback appreciated

g_j_hook@yah · #**13637** Sep 16, 2008 12:17am

in my view,aSandman,this type of fear can only be overcome when you
KNOW THE SETUP so well you KNOW it works over time.
TRUST YOUR LINES,pivots res/sup levels etc. ONLY when you KNOW your lines are correct can you pull the trigger without fear.
if a person is trading setups other people say work they will ALWAYS be fear ,MAKE THEM YOUR OWN,know them well enough to do so.
hope this fast reply helps on my way to my real job

g_j_hook@yah · #**14171** Oct 5, 2008 1:04am

hi everyone, a newbie question,sorry if its been answered before....

if a pinbar gets broken and brought into play by a few pips and then tanks back inside the pins range would this be seen as a good oppertunity to get in the trade at a good price??, or would it be seen as a warning signal and therfore wait for further confirmation,like a second break of the pin high??
thanks in advance,im aware that there is no hard rule here so any comments welcome.

jon