...., how do i be more picky and choose the best? Or should i take all?
should u take all? depends on your personality,trading style, risk profile.
to be more picky, u got to have a list of reasons/trade triggers.
it's like applying for a job. u got to qualify for the list of requirements. u lack 1 or 2 requirements, u dnt get a job. same for trading, if a trade setup lacks 1 or 2 (or more) trade triggers/reasons (according to YOUR rules), then u dnt take that trade.
Quote:
how do i find confluence? can someone share how they find confluence and pick the best?
confluence definition (just FYI)
by definition, confluence is convergence. in trading, that would mean several trade reasons/factors//triggers in effect, converging or taking effect all at the same time/location.
examples of confluence are Fib retracement, BRN, TL, S/R, PPZ etc. the more confluence factors in effect, the better your chance that the trade will work in your favor.
u have to formulate your own rules (including preferred confluences, etc). u can start with the posts/charts shared here. (learn from a few seniors whom u feel got a similar trading style, personality as yours)
of course, u can continue asking questions
Hope this helps
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
...was out in the fx wilderness for a while discovering my own things (based off all good stuff that i have learnt here).
Also went travelling for 7 months.....
wow, what a nice life to have
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
...
One thing that I have realised is: when I open a chart spot a trade check everything and enter immediatly I almost always end up losing that trade. ...
From now on I will only enter trades that I feel I have spent enough time on planning. If I lose a trade I planned properly I do not mind at all, following the plan counts for much more.
After all it is much better to be out of a trade you wanted to be in than in a trade you don't want to be in..
awesome post Sir
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
....
Also some truly amazing stats on how huge FX market really is... ....
THE place to read about this is on the BIS website
the stats u mentioned is from the Preliminary Results of the Triennial Central bank survey. watch out for the Final results which will be published in November2010 (as mentioned in the above link)
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
ha, ha.. you know very well, there is no voodoo involved here.
It's just THE Knowledge (method) and clear picture, which side is taken by 95% of the players (market participants)...
....
hahah...
to us, voodoo is short for THE knowledge
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
I was looking at it from all different angles, and even now I still like the setup..
see the April highs? looks like that caused the problem (Resistance turned support). u could've entered slightly below that area (J16 This is Critical)
also, PA after that PB/BEOB seem to say that the upmove is pretty strong.
Quote:
Originally Posted by Adilius07
4 weeks trading stocks so far:
... TOTAL:$124.20 or0.25% gain to account
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
....
alright. now to another problem: personality, trading style. how do i find out what trading style i'm suitable? do i find a trading style that i'm comfortable with? is that what makes it suitable for me?
...
TL (whats this?)
where can i read more about other examples of confluence? can i find it in any of James16 website video?
TL = trendline (as u probably know by now)
u will see examples of confluence in the free james16 videos & charts by the seniors here. there are a LOT of charts here to learn from.
trading style is congruent to your personality --- it boils down to what u want/dont want, what u like/dont like, what u love/dont love, what u are comfortable/not comfortable with.
based on your posts, it seems like u are not yet too familiar with yourself. u will find that trading will be an interesting journey to self-discovery.
Good luck & Keep at it!
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
...
What I want to ask is about the fibo....
EDIT: I am trying to get any distracting colors off my chart so, the thickness of the lines dictates the TF they are drawn on.
Quote:
Originally Posted by Pinbar
....
SC, what is your take on the fibo I posted?
i think it is not a viable way to plot a fib, since u connected two spatially unrelated (& disconnected, incoherent, interrupted) swing areas/Price action.
we are supposed to connect & diagnose (the possible/ongoing retracement of) a current (& spatially related, uninterrupted, continuous) price action/swing.*
based on that chart, what u can plot, imho, is point B with the current PB's low &/or current PB low/May2010 high. meanwhile, point A, imho, can be connected with Dec2009 high, Feb2010 high & May2010 high.
regarding the 'distracting colors', what u can do is use different hues, as opposed to different colors. example would be, for MAs (or whatever indicator or object), use black & gray &/or dim gray (or blue w/ dark blue/dodger blue etc)
Hope this helps
*i used several adjectives to help clarify
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
Hey Supremo,
dont forget the real benefit of living in that small country-
.... Once you try Asian.............
you'll never go back to Eurasian
..
RATFLMAO
.....
hey chow,
u cant get that off of your head, can u Sir?
i agree in a way. but it also depends on your personal taste, hahah
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
Hey Supremo,
Dont you like Asian food-Chicken Adobo etc?
Why so serial?
what do u mean serial?
im serial & parallel
baboy (pork) & lechon (roasted pig)? i stay away from those. im uber health conscious, lol. on the other hand, chicken adobo is great; Sinigang is awesome.
having said that.... chocolate is supreme.
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
Thanks for the info SC....
...
You feeling more or less over the illness?
i believe im over it.... just being careful in the past few days.
i was actually down with Dengue, less than 2 days in the hospital. i had fever for about 4 days prior that.
persistent rains here (24 - 33 degree Celsius here, Pinbar ) is causing proliferation of (Dengue-carrying) mosquitoes.
many Thanks for asking
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
....
Did you get the high fever and headache with pain behind the eyes?
I take it you did not get the hemorrhaging often associated with dengue fever, in bad cases?...
I know what a high fever is like after I got stung my a scorpion in Greece many years ago.
Lots of rest, fluids and fussing women are what you need for the next month.
yes, i got the high fever (stayed around 38 - 39 degrees, rarely 40) in that 4 days. no hemorrhaging.
scorpion sting? Glad u got over it too.
what's fussing women? sounds cool.
when i got back home, crappy PC had a problem connecting to the internet (PC hardware problem) for a few days... i think that's enough rest. LOL
Many thanks Sir!
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
... how to draw H8 charts ? is there a software or is done in the mind (combine 2 consecutive H4 bars)
u visualize it &/or use the period converter indicator
try this (& read this)
Quote:
Originally Posted by Pinbar
...
I read that you need complete rest for a month after recovering from Dengue fever, no matter how light it was.
33C wow, it seems like it would feel cool after this heat here.
Rest is definitely good.
wow, what big hands u've got
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
Thanks Jarroo
The main problem I think is that I jumped the gun at the close of the M30 BUOB, it never actually broke.Probably due to frustration and not being able to find decent setups.
....
just be careful next time
if current eurusd upmove has strength, i expect 1.2750 ppz to hold price.
i get this feeling that we may revisit August2010 highs (&possibly beyond).... i'll study the chart.
perhaps, this US NFP (non-farm payrolls) week will show us the way.
btw, there was about a 100pip downmove on gbpchf earlier (i havent checked how other pairs did). i took a small chunk on it & still got some positions on (i was actually long, but watching some naruto videos, SL's got hit, & reversed to shorts slightly belatedly; the downmove was pretty quick, i wasnt fast enough to place my intended sell stops, LOL).
on H1/H4 (much clearer on lower Timeframes), there was a PPZ-multiple bar low break around 1.5680 (red line is 1.5680 area)
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
Hi all
one qn, i did the position size calculation and it says to a lot size of 0.087.
how does the lot size equate to the volume size when placing an order?
..
im not sure i understand your Q clearly.
are u trying to ask how much, order-wise, u are gonna place given that calculation?
i believe the answer is 0.08 lots or u can round it off to 0.09 lots.
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
.... My entry was at the 1.6000 on the Hourly....
Looking to if she retraces to the 1.5850 to retest previous Support.
...
wow, nice trade
i think we'll revisit 1.5850 only if current downmove is negated convincingly. but if that happens anytime soon, it maybe another for u
Quote:
Originally Posted by jarroo
A J16er would say that your IB hit its targets.....
just noticed that chart... i agree
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
since 1.2750-70 PPZ held, i can see this moving towards 1.29 (if it gets through yesterday's highs convincingly)... but like Sir Mike said, it's not the best setup as this BUOB is not at a swing low (where we ideally would want it to be).
this is a possible continuation setup which is considered a pretty advanced setup.
try it out on demo & see if u are comfortable trading such continuation setups.
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
...There are still many things to consider when analyzing them. for example. How many bars does it engulf? Did the bar close strongly above/below that range? I pass on many bars if they only engulfing one prior bar. or if they have a close well off the high/low
Here's and example of what I think is a great one; Engulfs 10-12 bars with a strong close and a size which really stands out relative to the recent range. The really good ones are rare but they are worth waiting for IMO
based on your post, i can see that u are a guy who is strict & got a delicate taste.
.................a long winded way of saying u are picky & disciplined
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
In regards to AHA moments, man they happen to me everywhere now, in a car, in bed, in shower! seriously.....
i know how u feel. that's a function of an inquisitive brain
if u dream about trading &/or u subliminally hear MT4 alarms ringing (or something related)....... then u have achieved the supreme AHA moment.
(joking, but also seriously speaking)
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
this applies to me. may be to few others
when i see historical charts, i get lot of good signals and most of them are correct and profitable. but in real time i dont 'see' the same signal. may be due to over-analysis, negligence, fear etc.....
u addressed your own concern, Sir.
sooner or later, u will improve.
that is our natural progression... as long as we pursue excellence & dont quit
Quote:
Originally Posted by Adilius07
I cannot even imagine what's the Net Worth of some Seniors here....
on one hand, the net worth of seniors here are immaterial to u.
u should concern yourself mainly of how much success u would attain once u keep focused, determined at this endeavor
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
i have a question. i was looking through the charts on daily, weekly, monthly.
i tried to draw PPZ, but i realized that most of my PPZ, is the PPZ for all three charts. am i doing it wrongly? i have 5PPZ drawn on daily, and 4 of them have the same PPZ on the weekly and monthly.
no, u are doing great.
what happened is actually not surprising because u are essentially looking at the same price chart, only thru different timeframes.
it's like looking at a certain area or subject using different kinds of telescopes (monocular telescope, binocular telescope etc).
Hope that helps
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
....
i was using j16manager EA, but some time really want an EA that can move SL more than once. so found these 2, i tried both, either working fine...
Hello Pbt,
im sure MT4 live account users will try these trade management EAs out. (i trade a non-MT4 platform for now..)
thanks for sharing & Welcome!
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
Like everyone, when I see a possible setup I go through a checklist of items to validate the quality of the trade....
To help speed up that investigation process I created a script to flag all historical setups on a chart. You drag it on the chart, tell it which setups you are looking for, and it runs once. ....
sounds like an interesting PA script.
thanks for sharing!
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
Taking 10 A++ trades a year (9 of which winners) looks so good...
... until you realize your $1000 account becomes something like $1300.
.....
Quote:
Originally Posted by fxterrapin
Yes, you are right. At one point James even states that the only traders he has seen succeed are those with 6 figures+.
Quote:
Originally Posted by mbqb11
small rant coming
This isn't really the point of his meaning you need a big account....
Quote:
Originally Posted by fxterrapin
...I do not...
Quote:
Originally Posted by mbqb11
...I should...
Quote:
Originally Posted by spookie94
Money is just part of the equation...
Quote:
Originally Posted by ekling
...its obviously gonna take time to go from 1000$ to 100000$. Thats a return of 10000%..
Some fact here, if you can manage 2% per month and start with 1000$ then it will take you 233 months or about 20 years to gather 100000$ to your account..
Quote:
Originally Posted by Adilius07
...we are talking about 30% annual growth here, wow, huge isn't it?...
very nice mini discussion.
small account holders are at a slight disadvantage (account growth wise), but i think it's a minor & more importantly, a fleeting issue.
psychology/mental makeup/paradigm is key IMHO.
Quote:
Originally Posted by joelcf
Gee, 30%pa? What a scam...
You are way too nice - what happened to the whole 'angry New Yorker' stereotype?!
is there such a stereotype? hahah
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
...
The main problem with this trade seems to be the BEOB not closing below the TL and the sideways PA.
I should have been watching the sideways market and saying, forget it.
Strange that, I even said in the post before I took this trade, that I wanted to see the BEOB close below the TL and the 0.9068 area yet, I still took this trade. I also criticized the size of the BEOB saying it only encompasses a single bar, yet I still took it.....
Quote:
Originally Posted by Atc
IMO...this played out on the 4H TF and hit it's tgt which was a trouble area depicted on the charts I posted....
Atc made a good post.
i think this was more about PA & S/R than the TL
also, we must always consider trend &/or near-term dominant move, which IMHO has been up for audusd.
speaking of audusd....
Quote:
Originally Posted by joelcf
Not in an Aston Martin.
In an Aston Martin.
In an Aston Martin. With Kate Beckinsale. On the god damn moon.
fantastic visualization
Quote:
Originally Posted by joelcf
Closed AUDUSD, tightened up stops on everything bar EURCHF shorts...
why exit audusd?
im still waiting for 0.92 - 0.94, even parity area... with or without me riding it
eurchf-wise, i think it's poised for an upmove, towards 1.33 - 1.35/1.37 in the short-term. Let's see, it's up to the SNB
Quote:
Originally Posted by Pinbar
...
Your post cheered me up no end so, I just took this photo of Mount fuji from my veranda for you as I was looking at it thinking I am at the foot of it in a trading sense..
Quote:
Originally Posted by Pinbar
...
I prefer the view of the city at night and the fireworks at the weekends.
I get to see no less than 30 fireworks displays from my veranda in the summer.
....
awesome post & pics. Many thanks!
Quote:
Originally Posted by Adilius07
that's why I quit studying japanese very early, lol.
Too complicated.
most who have studied Chinese (& perhaps 'some' Japanese) would probably agree with me & say Japanese is much easier (written & verbal).
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
I'm in lurking mode for some time, I think is just me that I feel more comfortable without speaking to much about my trading activity....it's more productive to my account....
as i expected
Quote:
Originally Posted by ppfx
speaking of Rac,.. your post reminded me of one of his, lol... see the similarity?
Quote:
Originally Posted by triger88990
LOL maybe it is because I have read his posts for so many times that I lost the count, thats why this similarity...
my thought exactly!
Quote:
Originally Posted by jarroo
I needed to zoom out a bit more to get a bigger picture, sChaos.
The 1.5800 was hanging out there from March, needed also to be considered.
Yes, Sir.
the 1.5800 RN is a given for me.
i also have 1.5825 as PPZ, slightly similar to rac's (1.5820, chart above).
Quote:
Originally Posted by jarroo
I'm still having internet problems...
same here
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
I really hope somebody/somewhere in the world, took this 5 Minute Pin
Quote:
Originally Posted by Jonnyislost
Yeah We have nice ones on the CAD crosses but I'm not brave enough to take them,
30 mins after the News and on a Friday heading towards a Holiday weekend
1.3350-70 is the key area IMHO. let's see
hope everyone is having an awesome weekend.
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
...
And I have to go to a Japanese funeral today.
I hate it because after everyone has watched the smoke coming out of the crematorium then, they take the Adam's apple bones and pass them around from chopsticks to chopsticks in pairs of people! Can you believe that? It is true.
Quote:
Originally Posted by Pinbar
Yeah, the shape of the Adam's apple is like a Buddha so they call it the NODO BOTOKE or throat Buddha.
....
The coffin is placed on a tray in the crematorium....
interesting trivia.
Thanks for sharing!
Quote:
Originally Posted by lokgotkent
Recently there is a stock challenge in my country Malaysia. for such a market with low volume, I wonder how the leader gained 300% from his/her starting capital of $100,000 in 14 days. hmm.. day trading? anyone has any idea?....
overtrading
overleveraging
auto-trading?
Quote:
Originally Posted by Adilius07
Basically, over here all my relatives, friends everyone view this as some scary addiction I have. And you know that even motivates me not to quit! lol. I just imagine their faces when I will finally have something that will prove all this was NOT a casino
Quote:
Originally Posted by bug
...I've posted a 'James16 special' list of links about price action on my Cornholio's Reading Suggestions thread. Very useful to all the freshmen over here. ...
excellent compilation
...
PPZ = Electrical wires
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
...I'm not going to read the 5,000 pages. How many pips on average do typically a month a James16 member?
....
indeed it is a simple question, but the answer is not equally simple.
i cant help but feel like u are asking "what is my employment salary with J16 company?"
newer traders are always after the answer to 'how many pips can i make with this method?'
i never went into employment mainly because i dont want a 'ceiling' in what i can earn.
trading is a business, trading is very personal & therefore monthly profit is variable ---- -$$ (negative $) up to $ infinity
''im not satisfied with the salary offered by J16 company, therefore i wont work there (i wont read the thread)"
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
Honesty, huh?
to be honest, i have only read about 1/5 of this huge thread (still reading)... & yet i have learned A LOT
the point is dont stop at Post1. read some more, & more... & more (to learn more)
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
... just want to know the answer to a simply question:
....How many pips on average do tipically a month a James16 member?
....
Quote:
Originally Posted by Trad3r
....
You know nothing about me, I could stay here and maybe give you some lessons, but, for what? Why teach people how to make money in forex if they are making money already selling smoke to other people?
.....
u enter like a bomb, asking how many pips bla bla.
then the next post, u say u can give us lessons?!?!
i dont understand
Quote:
Originally Posted by mbqb11
indeed
There is 4935 pgs of free info here and damn good info.
Not going to beat this dead horse lol
Sooner we get back to trading the sooner the noise goes away , I promise, it was 3-4 month time for it anyway. Anyone find that post I made
..The issue i have (being slightly obssessive compulsive) is i plot a line on Weekly that looks less obvious on Daily. (not as neat ) Do i then put the daily line in too?
less obvious = not as neat?
daily line, meaning daily PPZ?
try to use one line color (or 1 color,different hues) so the lines will appear neat
try to be picky, so u will come up with less lines on your 4hr/Daily.
im not sure i answered your question completely, so let me know. (im OC too)
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
Today E-G finally broke out....FTA would be the high of july 29-th daily bar @ 8400-ish, I quess, only I'am not sure about this...?
FTA/PPZs are quite subjective ('subjective' in the sense that 2 or more traders wont have the exact price)
july29th high is around 0.8395.
but yeah, FTA around 0.8400
i see a PPZ at 0.8390 - 0.8420.
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
I started trading so much better when I discovered that I could draw those really cool looking arrows that you are always using in your videos. I was sweating bullets during that 1.3 pip drawdown.
Excellent
sweating bullets, huh? that must be a 100/1000 standard lot trade. hahah
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
Picked up another handful on the spike through 131, would have done alot more if I was active....I love my francs. Oh well.
.....
Also, I'm not Swiss. I just like their watches and chocolate ...among other things
ah.... i see.
so your trades were all over the place.
i had trades on on that spike towards 1.3160, but mismanaged it (had other trades being babysitted) so they turned into -8-10pips rather than +/-30pips.
was looking for 1.3040-70 minor PPZ to hold (for possible buy entries), but it didnt.... thanks to u SNB guys
thanks for the lengthy response & the pics.... like u, i love Swiss chocolates & watches... & the 'among other thingies'
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
Hi all..... just wanted to let all know that someone has posted smething not soo nice about our main tutor James16 out on the jackos thread.....
i think that's the natural progression of things.
since this thread is on the Commercial section of FF, all apples in this forum are 'bad apples' ---- 1 of my immediate fears & expected repercussions (as early as July2009 when the Commercial section was formed: here & here)
just let them ramble, rumble & mumble.
insulate but dont isolate
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
How do you guys determine that a trendline,resistance-support,PPZ or Fibonacci levels gots broken or is only retracing?
.....
Hello john225,
check out Sir bug's chart above.
a PPZ or S/R was broken (red horizontal line), & he's waiting for price to test it & show a bearish PA to go short. (some dont wait for PA, immediately go short at/near that red PPZ line)
u want a TL, S/R, PPZ, Fib level to hold... & have a unidirectional bias (meaning price breaks them, then shows inclination to go in that same direction-- whatever the direction of current trend).... rather than have price whipsaw through them or price make a significant turn around
Hope that helps & makes sense
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
i have a question on the traffic and ppz. we have some tight traffic and then a big bar that engulfs/hides this entire traffic from now on. can we ignore that traffic behind the bar and consider only this bar for future FTA, PPZ calculations ? is that traffic still valid ?
IMHO, all of it should be included in your analysis.
think of the traffic as chocolate, the big bar as a bag or pile of sand.
when a piece of chocolate is hid under a pile of sand or inside a bag,do u consider the chocolate non-existent?
i think this is the same case as your question.
the traffic behind that big bar is part of the history, part of the recent action, part of what happened, so i think it should be part of your consideration.
u can also look at how the traffic formed. looking exclusively at that chart, 1.0550-80ish seems to be a minor PPZ. (look at the selling, the upper wicks, on that 'chocolate'). 1.0460-70 area might pose a minor problem too.
of course 1.0500 is to be considered
Hope this helps!
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
My internet seems to working fine now (although time will tell)
New modem . . that should do it . .its the only thing left that's hasn't been changed. lol
new modem?
yes that should do it
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
USDSGD H4 chart...
Silver daily chart. bounce off VBRN and a BEOB at swing high...
looking exclusively at your chart...
usdsgd looks interesting.
in your chart it has not breached 1.35, but in Oanda 1.35 was breached. (no charts, but... in Oanda, M30 & H1 a small BEOB formed, in 3 hour a fairly big BEOB formed)
i will try to enter as close as i can to 1.35.
minor PPZ seem to be 1.3470ish, 1.3450ish. i would like to see momentum through 1.3470ish
Silver
not so ideal looking PA below the 20.00 RN.
possible IPB setup.
i wont be surprised to see price breaching 20.00 & moving further up or
20.00 getting a fake breakout (& forming a PB or BEOB)
this is a pass... or wait mode.
just my views
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
Last edited by supremeChaos, Sep 8, 2010 4:00am
Reason: freaking keyboard!
& why are people so engrossed with bank or trading statements.
is it the one & only holy grail of trading truthfulness or excellence?
is privacy nonexistent nowadays?
my or his/her bank/trading statement is immaterial to u. yours is immaterial to me. it's as simple as that.
u wanna join & learn from him but u are anxious so u wanna see his trading statement?
it's either u believe him or not; join him or not. make up your mind.
(may i humbly ask 'how old are u Sir?'. i ask because i have often been amazed at how emotionally unstable & immature some older people are than i am)
people are really f*cked up these days. i cant believe it.
-----
Quote:
Originally Posted by james16
just let it go everyone.
just saw Sir Jim's post
ok... im done with that. just that one time (as i LOVE posts like that)... LOL
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
aud has stayed bullish despite recent $ strength.
the trend (daily/weeklychart) from 0.8500ish looks intact... & looks like price is heading towards 0.98/0.99 area.
Let's see
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
looking exclusively at your chart...
usdsgd looks interesting.
..
minor PPZ seem to be 1.3470ish, 1.3450ish. i would like to see momentum through 1.3470ish
....
took this usdsgd.
1.3470 did break with (fairly good) momentum (my PPZ line was actually at 1.3475).... it pulled back to that area & much more momentum came in.
still have some positions on... may or may not reach/breach 1.3400.
it's my first trade on this pair. it's much less liquid than the majors, & pretty slow moving pair.
i might post a chart later, if my internet behaves
Many thanks for the heads up roundrock!! u rock!
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
Yes but the difference between it and some of the ones i've seen recently:
has it closed above 1.0100?
u seemed to have overlooked that area --- a RN.
1.0100 - 1.0140 is possible traffic area
not a strong PA like others said.
so careful
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
Speaking about small PB's, on the 4H-TF of the U-J a small PB at the all time low did its job great....
small PBs work sometimes.... just like big PB's fail sometimes.
if u look closely...& compare usdjpy with usdchf...
usdjpy has less traffic.
usdchf was right below/right at a RN, usdjpy is not.
of course momentum helped too.
Quote:
Originally Posted by pipmyride
Yes..:
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
I skipped this pin because it wasn't that big, and wasn't at a BRN. It was close to .8400 but not touching. It worked out really well though, is there something I'm missing?
I'm thinking I didn't take into account how much space to the left. (That's space right?
Hello PenguinTrade,
sure, that's space.
like i said a few posts back.. a small pin works sometimes, just as big PBs/PA setups fail sometimes
what's great about this pin, is the location + trend (zoom out daily chart).
plot a PPZ at 0.8390, check daily & weekly chart with it. i have that line since July/August. u can see, price has respected & bounced off of that area, creating that pin.
just my views..hope that helps
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
....
Hmm, while the PPZ and BRNs will indeed be the same, what is not the same is that the PA is not as definitive. As Mike mentioned he does not trade IB, then my feed would not be a trade.
....
but what if u/he trades IB's? then, it would be immaterial if it's a PB or IB right, since he/u'll trade it anyway.
if u wear a different (& usingyour creative mind), u will notice that if u "add a part of the prior bar with that IB" (talking about your FXDD feed), it will form a PB. it is a matter of perspective, as has been said already.
also, i checked your FXDD & Mike's chart, the low of the PB & IB seem to be quite similar.having said allthese, in essence,thePB & IB are both tradeable -- they just look different (due to varying broker time feeds).
looking at 2 or more feeds wont be 'too much'. in the beginning it might, it just takes getting used to. but actually, u wont be trading all the PAs u'll be seeing in 2 or more feeds, u only have to monitor/check the PA's (in time, u will become 'time efficient' when it comes to glancing at the charts),& pick the best PA setup u are comfortable trading.
i think u just feel overwhelmed right now ('oh man, im gonna have to look at that many feeds now?!?!'). that's understandable, & know that that feeling is fleeting.
hope this helps further
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
...I think I will have to start using other feeds as well. But not sure. It will be more screen time as a major disadvantage.
not necessarily.
if the goal is to look for PA setups in several feeds, it would just take u a few seconds/minutes (more charts to look at = of course involves more time). remember, the TLs, Fibs, PPZs are mainly universal, only the PA 'look' differs from feed to feed.
Quote:
Originally Posted by The Lord
I felt the answer was for me.
possibly, & for some others too.
just reading minds, that's all.
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
It looks like there could be pinbars forming on the hourly for both USD/CAD and EUR/USD. I can't post charts right now, but does anyone else see these on their feed and have any comment about them?
Hey relyt,
on FXDD demo, i saw these pins.
both are against the current dominant move which is up for eurusd & down for usdcad. (specially for the strong downmove in usdcad)
just my views
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
It looks like there could be pinbars forming on the hourly for both USD/CAD and EUR/USD. I can't post charts right now, but does anyone else see these on their feed and have any comment about them?
Hey relyt,
on FXDD demo, i saw these pins.
both are against the current dominant move which is up for eurusd & down for usdcad. (specially for the strong downmove in usdcad)
just my views
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
Thanks a million SC, I was on the verge of quitting trading until I saw that vid....
one could come up with several reasons to quit (any endeavor).
think of the few reasons why u started (any endeavor) in the first place.
for sure, trading (or any undertaking) is not for everyone.
but at least we should devote 'laser focus' & exert our best effort before we even think of quitting, if at all.
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
man, i knew someone here would be in on those breakouts.
i had very tight stops on eurjpy, eurusd (last week's trades).. i woke up early, about +/-8am, 1.5hrs ago to see they got hit (prior the upmove)
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
...I also demoed short on the 4H bearish ourside bar (BEOB). Bullish pins forming on the hourly ... Have others who also took this trade bailed out already?
it would be best for u to make your own decisions & not rely on others... specially since we all are unique & trade differently.
Hi guys,
I just had a crash on my computer and I can't find an important link anymore..
It was a reply with a list of James16 Thread best replies (about 50 links) classed by categories. A kind of summuary of good replies (mainly from Jim).
If someone know this reply, thx for your help .. I spent all the morning trying to find it, drives me nuts!
oh wow.
my PC's hard disk crashed too.
i havent replaced it yet. using this other crap PC. lol
check out the links i posted above. (check the first 3-5 links & search within). most likely it's there.
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
Computers crashing...been there, done that... So I suggest you follow my lead - buy a USB memory stick and copy everything that you cannot afford to lose. I'm not talking about music/video or porn... ....
yah, thanks.
recently bought a USB.
i'll have that hard disk data recovered. hopefully they'll get to recover my porn folder too.
Quote:
There are lots of different designs to choose from...
im looking for a 'specific' design...
Quote:
Originally Posted by ppfx
... maybe not i know that you're very good at finding a post, even its hard to find it (still dont know how you do it )
thanks for the suggestion.
i have a cheat sheet
& i dig well
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
....
Went short after the break of the pin (trade live with other broker).
Did i something wrong, or was it just not working out (so far)? I know the pin is a bit small compared to the other bars but bounce of a nice ppz. Did i mark the ppz areas well on this chart?
....
Hello Thierry,
u did well on plotting those PPZs.
not all bearish pins shot down after it breaks. sometimes it stalls for a few bars before going down. u correctly pointed out the pin is pretty small.
but most likely, $ weakness (NZDUSD current uptrend) is in play. (at the same time, u can also say Daily/Weekly is currently in a range)
also, that pin/BEOB has hit immediate traffic (or FTA,depending on your view)... see the 2nd & 3rd bar prior the pin. they may not be the immediate PPZ, in your view, but u should be aware of them & hence not surprise u if these stall price.
just my view
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
big bullish candle pierced thru BRN, couldnt sustain, coming down off BRN, free space , fta is marked as blue. quick run down is what we need :-)
imho, that's not surprising at all.
that was a massive move last night/yesterday & momentum dwindled in the late-US session approaching early Asian session.
it's possible that your fta will get hit. but be alert, just in case.
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
....
How many pairs do you scan and trade on day-in, day-out basis?
.....
Hello Dave,
it differs.
it's a matter of personality, experience, preference &/or comfort.
for one, mbqb11 suggests u look at as many pairs (or instruments) as u can & pick the very best setups.
some concentrate on 1 or a few pairs for several reasons (example, some only trade eurusd because of its high liquidity &/or tight spread; while others trade a certain or a few pairs because they are very familiar with its/their movement/s)
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
..none of them are monetary to the extent of a dollar figure,
Pips become a monetary dollar figure when you attach your trade size to your stated goal.
A percentage becomes a monetary dollar figure when you give info about your account size.....
Oh, i see.
this is another issue that is a matter of perspective.
if this is so, then i believe most do not share or most are not experienced enough to have this 'elevated' perspective which u have.
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
anderou,
i was supposed to put this as an additional post 10-15minutes ago:
just read your whole post (first lengthy post).
imho, all the replies had merits.
in fairness, joel asked sensible questions.
like i said, this is a matter of perspective. we have different perspectives. if u try to push your perspective to others & dismiss perspectives of other people, then we will have a problem.
& based on the replies, no one insinuated that they were looking down on you nor your post count. people in this thread are of a different breed & u will notice that sooner or later.
(i now have read all your posts up to this point &)
make no mistake, your points/approach were taken well.
Please keep speaking your mind & keep posting charts!
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
Postcount on FF means very little - I've seen some complete retards outside this thread with thousands of (useless) posts..
im one of them (i post outside too, lol)
Quote:
hell, ive racked up almost 700 without sayin much useful at all
of course, that's what u think.
(imho) we do not have the luxury or talent to acquire the knowledge which u have acquired/inherently have, at your current age
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
hi lord, where would you place the sl ? if i place at other end of the pin then i am getting less than 1 RRR.
...
u have a monetary focus.
imho u should focus more on the setup's S/R, PPZs than on RR.
(btw, if u dont like or arent comfortable with the setup, u can simply avoid it)
Hello Donkey,
in the context of his post, the PA setup is actually the IB.
they either buy above or sell below the IB.
i havent examined the chart well, but imho, price should break the trouble areas (1.0050 or 0.9930) with momentum. that would be the key.
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
....
So, by that definition, the SNB wasted all that money.
Strangely, given the current state of the Swiss economy and the recovery since they started trying to arrest the slide, I suspect alot of Swiss businesses and citizens would disagree with you there.
i presume u are referring to the positive economic implications of the SNB's intervention.
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
DF spiked up 200 pips today - is that SNB intervention?
from ThomsonReuters news:
"The Swiss is weakening in the wake of the SNB decision to leave rates unchanged. The SNB warns of risks to the economy from Franc strength and is dovish on its inflation outlook. There has been unconfirmed rumours of the SNB themselves in the market buying USD/CHF in the last few minutes"
Quote:
Originally Posted by stewrigh
Yeah but the CHF news was good for the franc
u mean the 'unchanged' rate?
sometimes the currency weakens after an 'unchanged' rate decision. (at least in some of my observations in the past)
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
at the time of your post/question, all the CHF-related news have been released, including the rate decision.
& i think the market looked forward to the rate-related news & in the process (mildly) ignored that ind. production data.
& it feels like they timed it well.... BOJ & SNB tag team.
who's next?
__________________ Failureis themotherof success: learn from 'her' fortes soli superant
long nose and at a swing high. The only question on my mind is IF it breaks then where can we expect price to stall. My first inclination is at the top or middle of the consolidation it just broke out of.
IMHO, the more important question to consider is "will your trade get a good chance of hitting FTA &/or will the trade succeed?"
in 1 of my feeds, the distance of that PB's low to the immediate trouble area is about 10-15pips.
the nose is average in size, in the context of the current uptrend.
so, in other words, be careful
just my view, Sir
__________________ Failureis themotherof success: learn from 'her' fortes soli superant