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james16 Chart Thread
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Jun 28, 2010 5:16am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Cyrus
Hi guys,
Post summaries by the more senior folk here....
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Previous summaries by Cyrus
1 to 2500
2501 to 3000
3001 to 3500
3501 to 4000
has this been requested to be a post#1 material? 
wonderful job, Cyrus!
Quote:
Originally Posted by jarroo
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Seeking is pretty active in the PF with his posts and videos.
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that's great.
Looking forward to seeing them in the PF, in the future.
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Jun 28, 2010 5:46am
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Borderline yahoo & oh-no!
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hello antgal23,
wow, monthly chart! 
u must have a huge account if u trade off of these.
not really a long nose if u look at the entire chart, & specially in the context of the previous bearish bar.
assuming the pinbar closes like how it looks currently, then your 1.2400-1.2500 PPZ is an immediate trouble area, temporary or not.
always remember
James16 THIS IS CRITICAL
"....THIS IS CRITICAL.
WE MUST LEARN TO:
1. notice a strong s/r area just beyond our pa if it exists. {this is your 1.2400-1.2500 PPZ}
2. know that if we trade into it we had better be prepared for a quick reversal that could give us a loss if we are not prepared........."
this is not a good looking pin, shape/size wise.
but, again, like i often say, this is not to say this will not take off.
btw, this a is a monthly chart, u can get a more ''real-time' look via the daily/weekly charts. check it out. (i havent yet)
Keep it up!
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Jun 28, 2010 6:57am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by antgal23
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may be i should wait to see if price can break it, then use it as support , then enter, what u think?
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yes, u can do something like that --- wait for PA off support then enter.
i had a proper look at the charts...
Daily & weekly charts show 1.2467ish is the high last week.
so price already touched, & reversed off of your plotted 1.2400-1.2500 PPZ.
price may now re-visit 1.2100-1.2300.
or continue to bounce around 1.2200 - 1.2400 before making a decisive move up or down.
Let's see...
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Jun 28, 2010 8:33am
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Borderline yahoo & oh-no!
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Hello mordre,
awesome job!
hey, u are bullish but u are using a Fib projection for a downmove... 
nevertheless, 0.9015area seem to be a PPZ (as seen in your chart).
my concern is your entry, which seem to be at 0.9050, is right below a possible trouble area at 0.9050-0.9080.
it might be better to put a buy stop above 0.9070 or, better if above 0.9100/0.9110.
if price goes in your favor, next possible trouble areas are 0.9170, & 0.9200-0.9250 areas.
Hope to see u post more 
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Jun 28, 2010 8:56am
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Borderline yahoo & oh-no!
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Quote:
..since the Daily pin 2 days ago..
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mordre,
i think it's safer to remove your current buy stop order.
still, it depends on your experience with audcad.
& your comfort level. (are u comfortable trading this pair & are u used to trading this way, putting buy stop in this areas, etc?)
i havent traded this pair in a long while... it's a fairly choppy pair (both are commodity currencies).
but personally i'll be comfortable waiting for 0.9100 area to act as support before going long.
i feel that we still have a neutral bias in this pair, slightly bearish.
if we dont reach/get past 0.9150-0.9250, it is still in danger of moving down, or at least consolidate further..IMHO
the decision is all yours to make.
i refrain from making direct suggestions because i know & believe we all trade uniquely/differently.
[EDIT: i just saw your daily chart, yours seem to have a Sunday bar]
Slightly similar situation with antgal23's post/chart, wherein there is an immediate trouble area above current price
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Jun 28, 2010 9:11am
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Borderline yahoo & oh-no!
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mordre,
i see.. interesting.
so, buy stop at 0.9050?
will u be monitoring this trade once it gets activated?
Let's see how it goes...
Good luck! 
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Jun 28, 2010 10:26pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by aserbfx
sugar ... anyone?
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sugar?
looks sweet  
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Jun 28, 2010 10:37pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by mbqb11
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Check out basically anything you want! It is very universal. Commodities futures equities....
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it is actually very exciting! 
i have no experience outside forex, & i can easily see myself trading stocks, commodities, etc sometime in the future...
by then, i'll be back in my multi-tasking ways
with patience, passion & discipline, the world is in our hands 
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Jun 29, 2010 2:50am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by mbqb11
... James talks about this early on in the thread it seems to get missed 
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i havent read the whole thread, but not everyone missed it. 
breakouts = Good orderflow 
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Jun 29, 2010 3:00am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by joelcf
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I think it goes back to what we were talking about in the pf. A range is showing us accumulation/distribution (or, if you prefer, basing/topping*) and so by taking this bar, you are shorting straight into buyers who are just waiting to absorb the orders (ie, what we call a PPZ)....
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aha...so u talk about that stuff in the PF, huh.
it's getting much more interesting.
Quote:
Originally Posted by Cyrus
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Mood/consensus/perception is the thing. I can't quite explain it in words and I dont think it's possibly to quantify into an indicator either....
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if it were possible, that is tantamount to saying u have a crystal ball indicator 
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Jun 29, 2010 3:55am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Pinbar
Sounds like swimming with a shoal of fish.
I suppose the PPZ are areas where buyers or sellers are exhausted and the shoal collectively decides to swim in the other direction, till they regain enough confidence and stamina to break through.
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Shoaling is a nice concept to think of.
having said that, i think it's the opposite.
Please refer back to joel's post. (he explains better than i do)
PPZs are where buyers/sellers rest.
on the other hand, exhaustion happens when there are not enough buyers/sellers to keep the momentum going, making price fall/retrace (in an uptrend, as an example) until price reaches such a price point where sufficient demand has come back again, or a price point where demand/supply seem to be balanced (this are the range/consolidation areas).
(***price moves up when demand exceeds supply, & vice versa***)
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Jun 29, 2010 4:19am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by bug
Lots and lots of reasons on H4 chart not to take a bullish position.
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mordre,
IMHO, trend is timeframe-subjective & trader-subjective.
in your view, uptrend in what timeframe?
i think u & bug have valid points. (like i said, we all trade differently)
mordre, your trade will have a chance if u get momentum on your side.
but 1.1000 may or may not be hit.
be alert
(FWIW, here's my recent view on it)
{on a much lighter note, u must listen to bug, he's the great Cornholio (see his avatar)  --- seriously speaking, surely bug means well }
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Jun 29, 2010 4:41am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by mordre
I read all your replies about the setup and it made me think twice. ...
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just trade your plan. you know what u are capable of.
we are here to give views, the final decision/action is yours to make. 
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Jun 29, 2010 4:46am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by esbatu
Hi guys, have anyone tried the Oanda Apps for Iphone? Is it good?....
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check the Oanda thread in the broker section or view here(Oanda on Iphone).
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Jun 29, 2010 5:24am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Brb-Fraudin
I can see in earlier charts that James was using Keltner channel....
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i havent experimented with it. looks like Bollinger bands..
(i've checked a few of his charts) maybe it does act as S/R, but not all the time.
Try it & let us know your thoughts. 
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Jun 29, 2010 5:49am
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Borderline yahoo & oh-no!
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Quote:
..used to have such a crush on..
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joel,
i know, SJ stole your heart.  hahah
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Jun 29, 2010 5:56am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by bug
Jarroo sure knows what he is talking about...
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....& i feel bug knows his stuff too 
great Cornholio is great for a reason...
i learned a lot from this thread too. 
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Jun 29, 2010 6:11am
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Borderline yahoo & oh-no!
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bug,
it goes both ways... 
i laugh occasionally when i see your avatar.
reminds me of that crap-fun cartoon show i sometimes watch a few yrs back. 
(to be on-topic, lol) makes me wanna place a huge PB-BEOB above Beavis & Butthead to smash them down. lol
...& i love chocolates too 
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Jun 29, 2010 6:14am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by ghous
My turn to show off!
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Quote:
Originally Posted by ghous
Oopsi! Wrong image...
Target hit at +2R. 
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which target was hit?
the one in front, or the one on the back???!? or both??
the one in front seem to be an easy PPZ to breeze through... IMHO 
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Jun 29, 2010 9:32am
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Borderline yahoo & oh-no!
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Hello cprao,
u mean saving posts in 1 page like Cyrus did?
they use a piece of software.
the one who originally shared that software is a PF member (im not a PF member yet). from what i know, he requested for the software not to be shared outside the PF.... & i understand that.
at least we have j16 summaries to read thanks to him & Cyrus. we should be thankful
Quote:
Originally Posted by cprao
Jarroo, see how this pair is doing now ?
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Awesome trade. manage it well 
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Last edited by supremeChaos, Jun 29, 2010 9:42am
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Jun 29, 2010 9:33am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Pinbar
This is how the Highly Controversial BHOB on USD/CHF worked out.
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Sir, i have to ask, what is a bung hole?
wait till bug/Cornholio reads this 
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Jun 29, 2010 9:46am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by deltatrade
does anyone have any ideea of why this pb failed? mike ? thanks.
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yes, Mike said --- strong trend.
gbp has been strong. so avoid going against a strong trend & currency.
also, looking at your chart, it looks like once the PB broke, it did hit the immediate trouble area (low of the BUOB).
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Jun 29, 2010 9:49am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by bug
...Maybe I came off as being callous.. I guess I just need some time to get used to the communication on the interwebz. I'm sorry if left the impression that I had a bigger bunghole than others..
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ah yes, u should apologize....
after all, Cornholio is all high & mighty, he needs a lot of time. lol
respect is a way of life in this thread.
Quote:
Originally Posted by mordre
... I don't mind the " I was right, you were wrong" so go ahead :P
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u are a good sport 
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Jun 29, 2010 10:26am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by jarroo
Just like your Eur/Chf 4 hour PB.
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ahhh... eurchf.
she's wild.
i'll never remember forget that day......
Quote:
Originally Posted by jarroo
Boy did I pick the wrong time to get out of this one. lol
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leave the 'bread crumbs' to us small players 
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Jun 29, 2010 11:16am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by jarroo
OMFG
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ok, Sir james16 said a few in the PF have been able to ride the $cad mammoth move (similar to this mexican peso move).
question is, did anyone trade this $MXN move, back in 2008?
or
hahah...
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Jun 29, 2010 11:26am
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Borderline yahoo & oh-no!
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I agree, Sir. 
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Jun 29, 2010 10:57pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by cprao
It's done
..
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Well done, Sir 
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Jun 30, 2010 1:32am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Rosentrade
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I've noticed that the charts on MT4 at home look different to the web charts I'm looking at while I have the inconvenience of being at work...
(I have a niggling feeling that the timing of the bar close may be an issue).
I'm obviously trying to get some consistency in charting to apply the methods I've picked up here/....
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Hello Rosentrade,
im not quite sure i understand your concern.
webcharts?
if u mean to say is u are using MT4 broker 'A' at home, but u use MT4 broker 'B' (or nn-MT4 webchart) at work, then u are correct. there might be a 'bar close issue'.
different brokers have different daily closes.
if u want consistency, try using the same broker (MT4 or not) at home & at work.
hope that helps!
EDIT:
u have to set your charts up using templates, so you will achieve 'consistency' (your charts will look the way u want them to, all the time)
not sure if this will help
http://www.forexfactory.com/showthread.php?t=243431
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Jun 30, 2010 1:54am
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Borderline yahoo & oh-no!
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Rosentrade,
u have to get a broker like FXPro which closes NY time.
Oanda has a web-based platform. maybe u can try that at work.
a compromise:
(assuming u cant create a chart template for that browser based chart platform) what u can do is familiarize yourself with a 'generic, simple template' which u'll get comfortable working with either at home/work.
use a simple chart color, a few MAs, few/no indicators --the point is keep it simple so that set up is quick when used at work.
this way u can easily change the settings, & at the same time be able to work comfortably with charts at work.
maybe there are better ideas out there.
http://fxtradeinfocenter.oanda.com/m...fxmarkethours/
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Jul 1, 2010 3:12am
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Borderline yahoo & oh-no!
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__________________
Failure is the mother of success: learn from 'her'
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Jul 1, 2010 7:41am
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Borderline yahoo & oh-no!
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Quote:
....I have a lot to learn.
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there is a lot of time for that. 
"Learning time", imho, is time well spent. 
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Failure is the mother of success: learn from 'her'
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Jul 1, 2010 9:07am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by nuclear62
Hello everyone 
I thought i would share couple of things i?ve found useful
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your English is great nuclear62!
very good idea!
i know some people are already doing those.
Quote:
Originally Posted by ghous
Interesting.
This is important - very IMPORTANT!
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yah, good post ghous.
eur$ is going up, up, imho.
Quote:
Originally Posted by Jonnyislost
My latest efforts;
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Hello JonnyIsFound, 
why 7-hour?
on FXDD Daily chart, it's less than 10pips away from forming a BUOB.
let's see what it does...
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Jul 1, 2010 9:43am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by tubguy
Thought I'd post this IPB I took...
I call these "Ronco" trades "Just set it and forget it" LOL
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Quote:
Originally Posted by tubguy
...I didn't even see the divergence or the Head and Shoulders.
All I saw was the support around 1.22 and that it closed above it..
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that makes it an awesome -r Ronco trade 
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Jul 1, 2010 10:29am
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Borderline yahoo & oh-no!
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proletary,
awesome 
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Jul 1, 2010 10:21pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by KissFan
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I use the 40, 150, 365 and 729...
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wow, 729!
Quote:
..In a few mos you could see different ones LOL!..
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i think that's natural, hahah 
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Jul 1, 2010 10:29pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by nuclear62
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Happy forthcoming weekend everyone, i?m getting ready for marathon.. It?s my first one. My goal is to step over the finish line 
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wow, a marathon. that's really great.
trading is a mental marathon too. 
you can do it!!!!!
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Jul 1, 2010 11:20pm
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Borderline yahoo & oh-no!
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Hello Sjr,
everyone follows & trades different pairs.
most trade the majors, because of high liquidity & 'familiarity', others explore other pairs.
try to avoid choppy/rangy pairs, unless u get enough experience to trade ranges (which are profitable in itself.)
the specific pairs to trade does not matter as long as u are familiar with them & u pick the best setups to trade. sooner or later u will expand from the '12pairs' u trade, in your continuing quest to find & trade the best setups.
Welcome & keep posting Sir! 
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Jul 2, 2010 1:22am
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Borderline yahoo & oh-no!
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Sjr,
Sure, it's more than enough to keep u busy.
it's very personal, actually. some look at & trade just 1, some 4 or 5, others monitor & trade 10-20pairs.
i hope u dont become rigid & get caught up with the 'number of pairs monitored & traded issue'. the main objective is for us to find & trade the high probability setups 
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Jul 2, 2010 9:47pm
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Borderline yahoo & oh-no!
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Hello mistersimple,
post charts so we can see your point of view. 
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Jul 2, 2010 11:28pm
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Borderline yahoo & oh-no!
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anyone hungry? 
Please join me in eating this ...
Have a great weekend, all!

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Jul 3, 2010 12:05am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by cprao
Pros...
.....
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Hello cprao...
decent sized pin, but not spectacular or eye-catching, IMHO.
my concern is the downtrend.
also, i wont be surprised to see price go re-visit the pin's mid & bottom 1/3 (0.8150 - 0.8200 area or lower) *. [having said this, u can decide to enter on the pin's retracement, rather than on the pin's immediate break]
the pin's high is right before the 0.8300 RN. so yes, it would be prudent to enter like u said so or wait for 0.8200 to act as support (& wait for PA) before entering.
your blue line is indeed the FTA (0.8380ish). price needs to break that to induce possible further momentum upwards.
Quote:
But can the SL be just underneath the Weekly PPZ (8200) ??
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yes, that's possible, but u should be aware of the possibility of price gong back down again *. that is your risk.
i think this also answers mistersimple's prior post about eurgbp.
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Last edited by supremeChaos, Jul 3, 2010 1:11am
Reason: details
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Jul 3, 2010 12:31am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Sjr
Another question for the Forum. It has been suggested to follow the Daily time frame as it gives better signals and is slower by nature allowing a newbie (Myself) better/more time to study the chart etc. Supposing I was following about a dozen charts how many trading opportunity's on average would you get in a month? Also, if some of the senior members with experience could further break that down to A+, B trades etc. Sorry if this has been asked before. I do see alot of 4hrly chart examples given. Is this the standard time frame for...
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Hello Sjr,
yes, these are typical questions..
do not concern yourself of these things.
imho, these lead to bad trading &/or developing bad psychology/bad habits.
every trader is unique.
every trader has a different personality, risk profile, experience, goals, etc.*
therefore, every trader will trade differently, view things differently & hence get different results.
An A+ setup may not be necessarily A+ to another trader. An A+ or B- setup may be a C setup or even a 'no trade' for another.
each trader trades different timeframes too. there is no 'standard timeframe' (well, Daily & weekly timeframe for those starting out)
apart from that uniqueness, every month will be different too. depending on your trading personality as a whole, u may get few or no trade or more than usual trades per month.
[for example... if u target 100 pips a month &/or 5 trades a month, & u fall short of this/these, u'll likely get frustrated or beat yourself up..... this leads to 'bad psychology' in the long run, imho]
Do your best in every trade & take what the market gives u.
(concern yourself more about overall performance in terms of actions [that is, trade management] than pips)
part of your goal as a trader is take what u learn & mold everything to fit YOU (& your trading personality as a whole *).
Hope that helps
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Jul 3, 2010 12:57am
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Borderline yahoo & oh-no!
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Sjr,
yes, that would be great -- concentrating on just 1 or a few things, & dong it well.
pinbar's with trend.
if i may suggest, u can look at BUOB/BEOB too. they are simply 2-bar PB's. 
with trend, of course.
Quote:
..Pin-bars that are going with the trend at the end of a pullback.
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if i understand u correctly, u will be trading a 'continuation PB'.
yes, u can do that too.
just be aware of the PPZs, location & space. (identification of PPZs; good location & a lot of space) these will help a lot in giving u good trades.
Hope i answered your Q well
EDIT: 1 of the best ways to learn (on what PB'/PA setups to take) is view & review the charts/post of many seniors (like james16, mbqb11, jarroo; the others are a bit advanced, so i wnt mentin them. hahah)
Cyrus summaries
Free videos
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Last edited by supremeChaos, Jul 3, 2010 1:25am
Reason: links
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Jul 3, 2010 1:08am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by cprao
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I would provide more weight to this pin if 8200 holds but if the price breaks 8200, I kind of doubt the strength of the pin.
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if price breaks below 0.82, yes u can say the pin is not too strong.
more likely, price is not yet ready to move up.
often, price retraces to the mid- to low part of the pin. the retracement happens in 1 bar or several bars, before price finally breaks the pin's high (bullish pin in this case) & makes a substantial upmove.
Let's see what it does next week. 
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Failure is the mother of success: learn from 'her'
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Jul 4, 2010 8:21am
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Borderline yahoo & oh-no!
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__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Jul 4, 2010 10:51am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by cprao
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I don't know but I think BRN's has more weight than EMA's.
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yes, of course. 
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Jul 4, 2010 1:19pm
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Borderline yahoo & oh-no!
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mistersimple,
to keep it simple, place entry & exit orders (& do trade management) on the same timeframe.
based on your question, i think u need further reading...
(from 1 of my recent posts)
1 of the best ways to learn is view & review the charts/post of many seniors (like james16, mbqb11, jarroo....)
Cyrus summaries
Free videos
it's past 1AM.... 
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Failure is the mother of success: learn from 'her'
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Jul 4, 2010 11:26pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by wargumby
theres a really nice double top at a 61.8% ret on eur aud atm. my broker opens an hour late so thot id see what u guys think as for its direction since its not lower close on the second bar but feels like its running out of steam already.
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Hello wargumby!
weclome!
i dont see any PA setup (FXPro).
possible to move down to 1.4700 - 1.4800 area (bar low/highs) for a retracement/consolidation (for now, sort of running out of steam like u said).
Keep posting 
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Failure is the mother of success: learn from 'her'
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Jul 4, 2010 11:43pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Pinbar
..here you go.
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are u using Quantem's T.simulator?
here mentined by Ronald Raygun (Ace284 shares a few insights)
here, VHands.
haven't tried any of them, but i'll probably try the first two soon.
here's a "low tech" version.
Forextester (paid)
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Failure is the mother of success: learn from 'her'
fortes soli superant
Last edited by supremeChaos, Jul 5, 2010 1:06am
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Jul 5, 2010 12:23am
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Borderline yahoo & oh-no!
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Hello Autumm,
u can set the speed according to your taste/comfort.
Look for "Speed change" (in the pdf)
speed adjustment in the simulator is found right beside "Visual mode"
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Failure is the mother of success: learn from 'her'
fortes soli superant
Last edited by supremeChaos, Jul 5, 2010 12:57am
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Jul 5, 2010 4:23am
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Borderline yahoo & oh-no!
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Sjr,
the james16 way is to consider taking profits at the trouble areas--- these are S/Rs, PPZs (u will, from time to time, see "FTAs or First Trouble/Target/Traffic Area" mentioned in posts).
to learn further, Kindly check the links i shared here
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Failure is the mother of success: learn from 'her'
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Jul 5, 2010 11:18pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Pinbar
Looks like a slow week.
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not likely, i think.
see the Calendar.
we had a July 4 US holiday but..
we have a raft of data including Central bank meetings/statements in/from
Australia (later) and on Thursday the BOE and ECB.
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Jul 6, 2010 11:34am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Atc
This is what I get for sleeping!!! Please somebody hit me
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no need to hit you...
sleeping = normal
missing setups while sleeping or away = normal
being able to take every good trade setup = abnormal
so, go back to 
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Jul 7, 2010 1:57am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by novice198
.... Does anyone know which MT4 has DJIA as well as the Futures??...
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try these 2 links.
many have futures.
if i remember correctly... GCI , ForexUA/FOREX Ltd, XTB, MiG (old & new servers), KVB Kunlun/ForexStar, WHC, WSD, ActivTrades, LiteForex/SIG, Bulbrokers, GTL got the Dow.
others with Dow
http://www.forexfactory.com/showpost...ostcount=62743
GMT broker with Dow
http://www.forexfactory.com/showpost...ostcount=40477
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Jul 7, 2010 5:40am
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Borderline yahoo & oh-no!
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Nice discussion on EURAUD.
i'll join in & add to the confusion. hahah
i think the BEOB in ddinov's chart is pretty small, in the context of the current upmove on that chart. (i see that BEOB as a minor, expected retracement of the upmove from June29)
that BEOB also stopped right at a 1.4730ish minor PPZ.
i think this BEOB has a chance to move down if it passes through 1.4700-30.
it's possible that the current upmove is a start of a retracement of the HUGE downmove from late2008/early 2009 (off of a double bottom on the weekly). if so, price may possibly revisit 1.5000, if that gives way, then 1.5100-1.5300 area, then 1.5500 monthly PPZ. after which, we'll just see...
just my view...
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Failure is the mother of success: learn from 'her'
fortes soli superant
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Jul 8, 2010 1:20am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by mbqb11
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I have been watching this pair closely....
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yeah, watching it too for almost 2 days now.
might we see a huge nose on 1 side & then.... 'the move'? 
hahah.. 
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Jul 8, 2010 1:47am
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Borderline yahoo & oh-no!
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3 in 1
Quote:
Originally Posted by Cyrus
MAN. QUITE WRONG WASN'T I? 
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bro, dont worry, i did much worse. 
trying to be a smart ass.. i placed a small long position. it was small so i placed a bigger than usual stop loss.
the small position played with my mind... i got married to my trade...
it was obvious the market was falling (this was when price was still in the 1.4800-50s), & yet i did not exit much sooner. if i did exit, i could've made a better play (would've gotten in a short position +/-100pips before the BEOB break).
that euraud "moves" when it moves, huh? i was 3hrs past my bedtime then & it was still moving.... & look at it now
Quote:
Originally Posted by MktScape
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Any ideas as to what could be done to fix this problem?
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it's best to PM AtClarkson himself.
Quote:
Originally Posted by cprao
At least, I am glad that I am with you so far. My biggest problem now seems to be
1) Identfying FTA's /Trade management.....
Hope I will get over this soon.
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i think many will agree that FTA or TA identification per se is easy.
the trade/risk management is the difficult/variable/discretionary part.
it takes time to settle with what u are comfortable with, but it's for the best. 
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Failure is the mother of success: learn from 'her'
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Jul 8, 2010 2:23am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by fxrogue
Hey guys, any opinions on the below USDCAD chart, got a DHLC, bounce off good resis and long term trendline.???
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this is a uber-fast thread, huh? 
did u take this trade?
well i checked the live chart, i was about to say 1.0470 area is possible immediate traffic area. price is hovering around there now.
next would be around 1.0400.
pretty choppy pair, though.
i know u did not mention it, but just to be clear, there is no MACD divergence.
Welcome to the thread!
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fortes soli superant
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Jul 8, 2010 2:48am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by mbqb11
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I have been watching this pair closely. We are at parity and that is always a key level...
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OML!!!
check this out... we have a new champion.. I46B is history
cadchf's current daily bar (as of this writing) is an I81B ..... BUT, it hasnt fully formed yet 
yesterday's bar is an I8B
Quote:
Originally Posted by Cyrus
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Nice of it to be highlighted to the world here. Burns it into memory. ....
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yes, that was the intention: share the lesson 
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Failure is the mother of success: learn from 'her'
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Jul 8, 2010 4:11am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Adilius07
This is not even funny how powerful these few simple setups are. ...
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M5 = fast paced, more stress
D1 = slow pace, less stress, more free time 
(i trade lower & higher timeframes too)
Great to hear about your trades & great to have u here!
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Failure is the mother of success: learn from 'her'
fortes soli superant
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Jul 8, 2010 4:20am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by novice198
Can the attached pic of USD CAD BEOB with multiple bar high and Lower close ...
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i replied to a similar post a bit earlier...
that chart looks choppy. &the multiple BHLC already broke...momentum may help it break through.
Quote:
Originally Posted by Jonnyislost
This one looks good for some pips but personally I can't justify trading with the barrage of red folder news coming out today..
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maybe they have already set the tone * with that 2-hour PB/BEOB hybrid (H1 PB on FXDD)
Let's see.
( *sometimes price moves in 1 direction & stays in that direction minutes/hours/days/weeks before a news-rich day or week, & continues in that same direction.)
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Jul 8, 2010 6:33am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Jonnyislost
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price bounced off of that area, so far 
im looking at 1.5100 area as FTA. let's see if we can get there & possibly pass through it.
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Jul 8, 2010 6:35am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Shanetrader
Hi guys, Ive set up an OandaFXGame account to start demoing my trading plan(recently posted)...
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try FXPro demo. it has a 5pm New York close.
it's Free. i love freebies too 
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Failure is the mother of success: learn from 'her'
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Jul 8, 2010 6:49am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by knn9413
Can.... I am not really sure how to differentiate b/w the others....
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Good decision to stick with great setups 
to learn further, Kindly check the links i shared here
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Failure is the mother of success: learn from 'her'
fortes soli superant
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Jul 8, 2010 7:03am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Pinbar
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Even the H4 has a BEOB PB type looking bar.
SC, I take it we can not consider this a PB because the close is outside the left eye?
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good observation 
yes, it's an outside bar... i call it a PB/BEOB hybrid.
even jarroo likes it.
Jonnyislost's 1.5120ish PPZ is tough  
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Failure is the mother of success: learn from 'her'
fortes soli superant
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Jul 8, 2010 7:28am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by trade price
Gu 4 hour TF.
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Thanks for dropping by, Sho 
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Failure is the mother of success: learn from 'her'
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Jul 9, 2010 12:55am
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Borderline yahoo & oh-no!
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3 in 1 special pizza...
Quote:
Originally Posted by mbqb11
I only held this to 1.7500
... anyone hold this further to the next PPZ?
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just a small chunk on the 1.7300s.
takes time to getting used to trade much higher TFs when i got the same personality (ADD/ADHD) as Ryanmcd's.
Quote:
Originally Posted by Shanetrader
Hi Guys, Just though id post a fantastic article i found on how to increase trader performance..just like an athlete or professional master chess player. Very interesting..
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yes, they are
Quote:
Originally Posted by djmartymac
I cannot find VZ on Broco trader...
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on MarketWatch, right click anywhere, & click/check "Show All".
broker times are different, so every feed will be different.
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Failure is the mother of success: learn from 'her'
fortes soli superant
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Jul 9, 2010 12:56am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by cprao
Jim, this helps a lot.. Now I am lot clearer than before !! 
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if u never stop learning, it will only get better....  
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Failure is the mother of success: learn from 'her'
fortes soli superant
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Jul 9, 2010 2:48am
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Borderline yahoo & oh-no!
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cprao,
woohoooo!
so your chart shows it took off without (much) retracement.
awesome.. thanks for the update.
looking at your chart, so u did enter above 0.8300. your TP is 0.8384.
missed the discussed FTA (0.8380)by 1 pip!  what a tease.. 
as of this writing, price has already broken above 0.8380 & is at 0.8384 (Oanda)
manage it well
(edit: what is the blue MA? 150ema?.. &what broker is that chart from?)
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Failure is the mother of success: learn from 'her'
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Jul 9, 2010 9:54am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by ghous
How about moving to Pakistan? London starts 12 noon and Ny closes 10 pm. 
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Quote:
Originally Posted by knn9413
Perfect time !! Don't have to lose sleep over anything !!
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12 noon is lunch time...
counter offer: 
Frankfurt opens 2pm/London opens at 3pm here in SE Asia (im in the Philippines)
but, ghous, wow, NY starts at 5pm there? 
(if im right, i am 3hours ahead of u; question, shouldnt NY close be somewhere around 2/3am there? Thanks)
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Jul 9, 2010 11:22am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by ghous
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BTW Pakistan's tough a country to live in, really third world...I eventually plan to move out as well, SE Asia sure seems a good bet.
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hey, we're both third world -ers, bro.
i love to travel. if possible, i wanna visit most/every country. Pakistan is on the list, specially since i've known you & nasir. (of course, it's cheaper if we meet here  )
both of u are First world -ers living in a third world
ghous is going to retire here, anyone else wanna live in a relatively VERY cheap & happy place? 
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Jul 9, 2010 11:41am
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Borderline yahoo & oh-no!
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nyahahah,
$1000 a month? if i live alone & dont rent, i can use that to live here for about 4 - 9 months 
(well i maybe an outlier since i can handle money well)
depending on your taste, lifestyle & personal circumstance, one can live off of $100 - 500 a month here. NO KIDDING!
for an individual, $300 - 1000 a month here is very comfortable living already, imho.
so, any other takers & contenders 
Pack your bags now.........
ghous,
are these accurate?
http://www.numbeo.com/cost-of-living...untry=Pakistan
http://www.expat-blog.com/forum/viewtopic.php?id=1899
1 US$ = 80 Pak rupees
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Jul 9, 2010 11:47am
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Borderline yahoo & oh-no!
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nice...
awesome plan tj 
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Jul 9, 2010 12:25pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by ghous
lol can't beat that!
Can't also beat the fact that your homeland's home to my favorite snake ever! (see below). I remember when I used to be at bob clark (snake breeder) forums we had this crazy guy from Manila, and damn he had some killer retics, ones I could die for , and they were wild caught and locally available to him. 
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Python reticulatus? 
haha. coincidentally, 2 days ago, we caught/killed what i believe is a baby retic. it was caught inside our house (seem to be living & moving to&from the kitchen sink & refrigerator).. ah there's more...he has a sibling, which we havent caught yet (living in the same area).
i live in a 'farm' now... yes, snakes are found here & in the wild. they come out specially during summer. i believe my relatives even caught/killed a Philippine cobra/ spitting cobra a few years ago. (u must be  by now, Ghous lol)
here, we have dogs, cats, guinea pigs, a few types of finches, mayna, love birds, & nearby there are chickens, cows, goats... lol
Quote:
..These figures are slightly out of shape. a US$'s about slightly above 85 PKR currently.....
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man, so oil is much more expensive now huh?  (but good for exports or something else)
i didnt notice it's a Friday (when off topics are allowed)
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Jul 9, 2010 12:31pm
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Borderline yahoo & oh-no!
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hey ghous, u changed the picture.
u really have tons of snake pics huh 
__________________
Failure is the mother of success: learn from 'her'
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Jul 9, 2010 12:46pm
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Borderline yahoo & oh-no!
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your love for snakes is insatiable 
btw, do u have more chart images saved or more snake pics saved?  
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Jul 11, 2010 8:18am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by ddinnov
...That's actually the trade checklist, on the left screen I have the trading beliefs a....
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unable to read the two, can u share what the two lists say?
Quote:
Originally Posted by everydayguid
Hi All,
I am an old member of ForexFactory. I don't even remember my old nick. I used to trade between (end of) 2005 and (mid) 2007.
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Glad u found your way back!
Welcome & hope to see u posting actively soon 
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Jul 11, 2010 5:49pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Adilius07
Sorry for the supid question, but how do you make a rectangle color filled like this in MT4...
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right click on the rectangle, go to the rectangle's properties.
on the Common tab, put a check on "Draw object as background"
for anyone else learning about MT4 usage, go to "Help" by pressing the F1 key on your keyboard. the MT4 Help Guide has its own search tool (just like what we have here on FF), use it as much as necessary.
Quote:
Originally Posted by cprao
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why reducing 1/2 after consecutive wins ?
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hey cprao, i didnt see that in his list.
anyway, ddinov must have a 'ritual'... 
or that's just his risk management style.
Thanks for sharing, ddinov!
__________________
Failure is the mother of success: learn from 'her'
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Jul 11, 2010 6:16pm
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Borderline yahoo & oh-no!
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Hello djmartymac,
i knew someone would raise this question.
it is just a metaphor, a comparison of sorts.
it depends on the perspective of a person looking at trading; therefore, each person's view about trading maybe unique.
i personally see trading as a business, challenge, game/sport. 
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Jul 11, 2010 6:16pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by cprao
SC, pl see the highlighted one.
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i see, ddinov's post seem to have been edited.
EDIT:

after about an hour....saw it... somehow, i overlooked it... i'm still  , it's only 7.15am (time of this edit), lol
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Last edited by supremeChaos, Jul 11, 2010 7:16pm
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Jul 11, 2010 8:17pm
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Borderline yahoo & oh-no!
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hahahah...
based on his feet position  , this H&S looks not so bearish at all.
he seem to be climbing up, then took a break by looking over the horizon/savoring the great view..
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Jul 11, 2010 10:33pm
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Borderline yahoo & oh-no!
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ok Sir Bemac,
since we are at it,
what is that in the foreground of your avatar?
& wha't "Monarch o the Glen"?
(i can do a Google search but i prefer your personal response instead  )
EDIT
wow, your above post edit was prophetic  
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Jul 11, 2010 10:46pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by jarroo
Hey sChaos. Check out this I39B on the Monthly Gbp/Jpy.
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just to be clear, that post has nothing to do about trading, heheh lol
anyway, interesting gbpjpy monthly chart, Jim.
late May & whole June has been rangy (summer-led consolidation perhaps..).
so, let's see what July & August brings.  (breakout Sir? hehe  )
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Jul 11, 2010 10:58pm
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Borderline yahoo & oh-no!
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9 yards?!??
that's a huge move 
Hahah
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Jul 14, 2010 11:04pm
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Borderline yahoo & oh-no!
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tradpat,
Hello fellow Asian. 
check this post (with links).
it should get you started in the right path.
Keep posting!
__________________
Failure is the mother of success: learn from 'her'
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Jul 15, 2010 12:12am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by spookie94
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I read(in another forum) that you should give more wait to the body of the candle over the wicks when looking at higher timeframes. Any thoughts?
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the wicks carry with it vital info too, imho.
take the case of a pinbar with a long nose (wick)... it shows supply/demand pressure/imbalance & hence possible directional bias.
__________________
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Jul 15, 2010 12:44am
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Borderline yahoo & oh-no!
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Quote:
I think they may have meant to use the bodies to narrow the PPZ???
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spookie94,
i see..
like most things, i believe it's trader-dependent.
using the body (including the close) &/or the wicks in plotting PPZs. 
__________________
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Jul 15, 2010 1:08am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by joelcf
...
Quote:
Originally Posted by Pinbar
8 lots....I can imagine it, 5 pips and you are done for the week. LoL
For the week?! Maybe for the morning.
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my math is untouched for the longest time, lol.
are u guys talking about 8 standard lots?
if so, it equates to $400.
if yes, then with that amount, u are done for a month/half a month (if u live in a country like mine).  lol
u guys live in expensive places.
__________________
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Jul 15, 2010 1:15am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Pinbar
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The more I study the market, the more I see the strangeness in myself and I am finding that the study of the market is almost a reflection of ourselves.
Almost like a philosophical study of the self.
...
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it actually is.
yes, it exposes ourselves to ourselves. lol
i think u've made a greater progress than u think.
the market is 1 of the best employers, imho. tremendous potential to enrich the pocket & soul if one goes through the 'process' long enough.
Keep it up... never stop learning, Sir 
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Jul 15, 2010 1:28am
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Borderline yahoo & oh-no!
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jarroo,
i see..
i didnt see that it was nano lots.. perhaps my mind is still shut down, just like the 2-day power blackout here brought about by a 'low-grade' typhoon.
Quote:
Originally Posted by joelcf
Damn, I should move. That wouldnt even cover a day here, let alone a month.
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ah yes, u should.
im the undeclared, unpaid tourism ambassador of the Philippines.
$400 wont cover even a day?!?!?!?!  
are u sure u are not living beyond your means? hahah
(wait, there's more........
did i say no FX trading taxes?  .... {no law,so far} )
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Jul 15, 2010 2:06am
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Borderline yahoo & oh-no!
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tubguy/Sir Mike,
u can start a business here but i believe u cant own it 100%.
register it under my name so u can have it 100%. 
u can trade here or travel in&out of the country, if u want too. hahah
cold iced tea, cold water only...lol
ok, i'll have one bottle with u. 
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Jul 15, 2010 3:13am
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Borderline yahoo & oh-no!
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Hello fxdanny4x,
right now, i live 1-2hrs away from the capital.
depending on your lifestyle & personal circumstance, yes, it includes rent, etc.
for an individual living without rent expense, spending $400 a month is relatively comfortable living.
see below for recent mini discussion:
http://www.forexfactory.com/showpost...ostcount=68265
i know Friday/weekend (fun day, off-topic weekend) is 2 days away, so with your indulgence im replying to fxdanny's post.
u can PM me for more details while supplies last.  
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Jul 15, 2010 3:48am
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Borderline yahoo & oh-no!
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Adilius07,
i live 'near' you.
kindly check my profile. 
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Jul 15, 2010 4:23am
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Borderline yahoo & oh-no!
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Adilius07,
yes no job, full time trader, but inconsistently profitable still. (this setup is highly UNideal for most)
when i hear "Kazakhstan" i think of horseriding & falconry (hawks, peregrine falcon) 
u must be part of the upper-/middle-class in your country, if u & your family travel much. Good for u!!
Cebu is fantastic. Thanks....
come & visit sometime 
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Last edited by supremeChaos, Jul 15, 2010 4:45am
Reason: grammer, lol
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Jul 15, 2010 5:06am
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Borderline yahoo & oh-no!
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Adilius07,
Thanks!
yes, i need too. 
i got 3 sponsored kids in World Vision. i havent donated for several months now.  my goal is to sponsor 5-20+ kids in the near future.
sounds like u are living in another expensive place 
(i see u are 29yrs old, we are nearly of the same age)
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Jul 15, 2010 5:35am
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Borderline yahoo & oh-no!
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Hello Sjr,
looks like the close is above the open, so it is a bullish pin.
BUT
-it is very small, unconvincing, unappealing.
-in between in what i see as 2 boxes of consolidation --87.00 - 88 range & the 88.00 - 89.00 range.
-Daily & below, IMHO, bias is down. it's possible price will revisit mid- to low 87.00's
having said that, that pin hasnt triggered yet. the concern is 88.20 - 88.50area looks to pose problems, & that price range is right n top of the pin.
always remember, a pinbar (or BUOB, etc) doesnt necessarily/immediately equate to "trade me, it's a no brainer". u have to assess the environment/situation, & see if the odds are in your favor.
***************************
J16 equation
"looks like a PB" is NOT = "trade me"
or
a PB (or BUOB, etc) is NOT always = "trade me"
a good looking PB (or BUOB, etc) is NOT always = "trade me"
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Jul 15, 2010 5:40am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by fxdanny4x
you sound like me 
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in what way?
Quote:
Originally Posted by Adilius07
This is a fantastic....
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hahah... u are right, we need & want less stress, not more. 
i hope u do pursue your dream.
i believe we all have a mission. 
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Jul 15, 2010 5:52am
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Borderline yahoo & oh-no!
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Sjr,
i think u mean subconscious, 
yes, more chart time helps.
we generally learn much faster by viewing & reviewing pictures/videos.
Keep it up Sir 
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Jul 15, 2010 5:54am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Cyrus
Hi Guys,
Read this recently by Steildmayer, one of the pioneers of market profile.....
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u are into MP now? 
nice post, thanks for sharing!
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Jul 15, 2010 6:04am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Cyrus
I read random shit to destress...
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that sounds familiar. but i got amnesia so im not sure if i already have that pdf.  i'll just copy it.
thanks again!
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Jul 15, 2010 6:11am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Shanetrader
Hi Adilius, i was thinking about your chart and how you could have managed it differently...
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just wanna add...
trade & risk management is a personal thing, imho.
each one of us has to test it out to find what suits us.. 
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Jul 15, 2010 7:59am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by fx_heaven
Just took a EUR/CHF trade....
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hello fx_heaven,
what was your entry?
personally, im not comfortable taking this trade.
that pin/BUOB's size does not "jump out" at me.
imho, 1.3450 - 1.35 is key on the upside, 1.34 on the downside.
it feels like price will range around 1.3400 for a while.
be alert & manage it well
(there are/were better trades out there: like usdchf & eurusd, & perhaps some others; tyr to pick & trade the best setups)
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Jul 15, 2010 8:23am
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Borderline yahoo & oh-no!
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here's an eurusd trade i am in & was referring to.
got a bit lucky. 
entry (blue triangles) was off of an M5 BUOB (& H1 PB).
the zoomed in H1 shows two consecutive PB's.
(disregard the red lines; Oanda charts)

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Jul 15, 2010 8:27am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by fx_heaven
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Entry (buy) was: 13437.7....
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I see.
gbpcad looks good if it goes down more & passes beyond traffic  (i think u are short)
manage them well!
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Jul 15, 2010 8:42am
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Borderline yahoo & oh-no!
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fx_heaven,
LOL.
i thought u made a scalp short.
1.5660 huh? nice chunk of that trend. 
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Jul 15, 2010 10:14am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by adam777
Hi SC
Have you been demoing then trading PA for only a year and a half?
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Hello adam777,
i'll answer your Q, but u probably wont believe it, Sir.
yes, im relatively new to PA.
(brought about by my {former very aggressive} personality & personal circumstance) trading wise, i rarely demoed. PA-wise, much much much less demo. (of course, there were consequences)
but i have many many hours of chart viewing time.
i rarely post trade charts because i trade lower TFs (so as not to set a bad example &/or invoke interest in trading lower TFs other than ideally H4 & up).
learning about PA, thru this thread, is easy.
the implementation part is the difficult &/or the much longer journey. 
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Jul 15, 2010 10:26am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Jonnyislost
Now it's just laughing at me 
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Hey Jonnyisfound,
it happens to all of us. 
just laugh back at it  lol
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Jul 15, 2010 10:41am
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Borderline yahoo & oh-no!
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Jonnyisfound,
like several here, i cried many tears.
maybe it's your turn now  
now, i just laugh at my (continued) dumb mistakes, lol.
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Jul 15, 2010 10:52am
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Borderline yahoo & oh-no!
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every little improvement is a blessing/achievement 
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Jul 16, 2010 1:05am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Dan Gilbert
anyone here think maybe just maybe there's a 51% chance that today was the beginning of the domino effect....
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remember our posts back in May27?
me thinks retracement started in May (or probably earlier) for some currency pairs, & retracement went on throughout June for several other pairs.
i expected eur$ 1.2900, that's done.... i still expect possible move to 1.30 - 1.34. if we get there, only then will i assess what price will likely do.
u got a great foresight, 1.35 & 1.3870 
Let's see..
(being an uber-impatient guy, lol) i still lack the patience required to trade/acquire the majority of BIG BIG moves, but sooner or later.... 
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Jul 16, 2010 1:43am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by jarroo
That one is working out great. I agree ghous, alot of things going for this one ...
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Quote:
Originally Posted by jarroo
I guess you could use the previous bar high with the IPB . . like a proxy high IPB . .what you think g?
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Quote:
Originally Posted by slade1986
Thanks Guys, TP Just a few pips away now. Locked in some profit now though.
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Quote:
Originally Posted by jarroo
What was your close on the IPB? Fxpro had .8842 about 2 pip DD.
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slade1986,
nice IPB trade, Sir.
taking note of that via this post. 
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Jul 16, 2010 2:01am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by djmartymac
Just wondering what brokers feeds you need to get a 4 hour candle change every hour?...
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Quote:
Originally Posted by djmartymac
PS ibfx is the same as mb trading
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Hello djmartymac,
try these 2 links. 
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Jul 16, 2010 2:10am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by jarroo
I do tend to move just below BE just to allow for a retest. . . . . I like moving to "BE -7 or -10"
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i see... so that's how u do it. 
i do BE + X, where X is any positive number, usually 5 to 10+.
(capital growth mode: taking more off the table as much as possible)
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Jul 16, 2010 2:15am
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Borderline yahoo & oh-no!
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"mini version"
nice term, hahah. 
i'll take note of that.
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Jul 16, 2010 3:04am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by TheMaxx
What are you basing the red trendline on?
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it looks like it's plotted from the May21 high 
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Jul 16, 2010 3:09am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Cyrus
I really like this one.
....
I am a baseball aficionado..
....
Investing is no different. It is a game of repetition where hundreds of small actions result in one larger result...
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lots of nice posts lately 
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Jul 16, 2010 3:26am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Rustam
I didn't have time to post this when it happened but the trade is now over and i lost Any ideas....
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to me, it seems, the tables have turned. eur strength is greater than aud's.
see that rounding bottom around July8 - 13?
it turns out it is accumulation (buying spree) before the run up (current uptrend).
if u are aware of this, then u know u were trading against the current trend.
that pin broke down, but quickly got stopped right at that 38.2 Fib, which looks like 1.4600 (seems to be a PPZ & a round number).
that quick rejection off of 1.4600 tells u the trend is pretty strong. u can also cross check the validity of the trend strength by looking at audusd chart & eurusd's. check slade1986's recent trade & related posts about a audusd Daily IPB (which took price downward). audusd went down while eurusd went up (& still moving up)
Hope that helps 
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Jul 16, 2010 3:46am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Adilius07
....
Can these be considered as a two-bar Pinbars? ...
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to help (or confuse) u further, u can view it as an 'irregular' or 'incorrect' BUOB
Quote:
Originally Posted by jarroo
Absolutely. Actually they would be BUOBs that look like PBs, one of my favorites..
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Quote:
Originally Posted by Cyrus
yes they are...
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Quote:
Originally Posted by fx_heaven
...
They are very similar. The second two bar (railway track / tram line)...
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Jul 16, 2010 4:06am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Adilius07
...So I skiped them. And only now I recalled that I read somewhere in the thread that there are 2-bar Pinbars  ...!
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there are also 3-bar, 5-bar Pinbars, etc.
but that gets harder to identify. it will also lead to over-analysis.
1-3 bar PBs are easier to spot, & we can stop there.
Quote:
Originally Posted by Pinbar
.., what I don't understand is the criteria for identifying them.
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i'll try...
i think there is no set criteria.
u just try to merge 2 (or more bars) in your mind. like putting 2 clay (or legoor whatever) pieces & molding them into 1.
creative imagination/ visualization is vital here.
u can start looking for them at swing highs/lows. on higher timeframes, H1 & specially H4 & up, the swing highs/lows fairly often consists of about 2-5 bars. (if u drop down to lower timeframes, this 2-5 bars will now become +/-5-20... so it's easier to merge bars on higher TFs, specially when one is just starting out with this creative/visual voodoo )
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Jul 16, 2010 4:22am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Pinbar
Thanks SC, this is totally new to me.
Maybe best to leave it on a back burner for the time being.
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Quote:
Originally Posted by Cyrus
I got this waaaaay back.
They ALL merge into pinbars =)
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Hey Pinbar,
i believe ALL J16 followers know this concept, but perhaps not too subconsciously.
like Cyrus said, all the PA setups we use in this thread are very much related & in 1 way or another, mold/merge to form YOU (u are Pinbar, right, lol  ).
if u are interested with this..
the key is to make learning fun. dont pressure yourself 'to do it' everytime.
make it a fun learning exercise: everytime u look at the charts (specially when u are not trading), try to identify a merged PB by looking at specific clusters of bars (at swing highs/lows).
again, no pressure, do it initially for fun. 
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Jul 16, 2010 4:33am
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Borderline yahoo & oh-no!
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Hey Pinbar,
i think i caught the 'bar aggregation' virus 
check out Sir Jarroo's H4 chart above. looks like we get a huge H4 PB if u combine & use the open of the blue candle(first arrow) & the close of the red candle (second arrow).

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Jul 16, 2010 4:38am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by djmartymac
I got four different feeds set up today for four hour closes. It is interesting how the same price can show conflicting info dependant on the close....
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hey djmartymac,
u are comparing two bars from different times.
count 5 bars starting from the current bar of each chart.
that BUOB is the 6th bar on that first chart.
the 5th bar from the right, on each chart, shows a bearish bar.
also,must not forget that each feed is on a different timezone (1 hour difference). we should compare in the context of time.
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Jul 16, 2010 4:44am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Pinbar
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Just wondering if this is going to be a G bar though.
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(u can use this thought process)
if the current upmove continues/trend is strong, then it wont.
if not, & if resistance is strong, then it possibly will.
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Jul 16, 2010 4:59am
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Borderline yahoo & oh-no!
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Adilius07,
'G bar'= IPB
check this post by Ghous.
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Jul 16, 2010 5:12am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Greenhaze
Hey Supreme
I would be careful when combining such big ranges. You need to take time factor into consideration. Good pinbar tells you a lot about momentum compared to the past price activity. ...
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in away, i see what u mean Sir.
but dont forget,
the longer (time-wise) the range/consolidation = often more momentum built up & released
that was a BIG aggregated PB  
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Jul 16, 2010 5:25am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by djmartymac
PS ibfx is the same as mb trading
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Quote:
Originally Posted by djmartymac
...What I meant was one chart would look bullish with a strong outside bar and the other looked like a good bearish pin bar reversal within a very short period.
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if u look based purely on the bars, that may be so.
but in the context of time, u are comparing two consecutive bars, not two similar bars(similar in time)
the BUOB formed before the PB. like i said, with objective comparison, the BUOB was 6th bar from the right, while the PB was 5th bar from the right.
(NOTE: it's detrimental to think that a BUOB is always bullish & a bearish PB is always bearish & will move bearishly. it is not always the case)
also, if this is correct
IBFX = MBT right?
&
WHC/Broco = IBFX time + 2
{the BUOB,is from the first chart = MBT; PBwas from thesecond chart, Broco Trader or WHC}
then u are comparing two charts that differ/are separated by 2hours. that makes it harder to compare those two charts &/or prove that u did not make an objective comparison of the charts.
hope i made sense, mate. 
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Last edited by supremeChaos, Jul 16, 2010 9:52am
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Jul 16, 2010 5:40am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Pinbar
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The experience is the real profit.
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Pinbar,
is the blue line a divergence line?
i think u are plotting that div incorrectly.
it looks creative (connecting one MACD low on the left & a high on the right while neglecting/dismissing all the MACD histogram in between that two endpoints), but it doesnt work that way (UNLESS u have been doing it for sometime & it works for u).
plot on price highs, plot on indicator highs. (price is up but slowly turning/moving down)
plot on price lows, plot on indicator lows. (price is down but slowly turning/moving up)
in your chart, price is down & slowly turning up. price made a "U" shape (see July8 - 15), so did MACD..
u plotted on price highs, but MACD is below 0, so u plotted from an MACD low (left), then connected that to an MACD high (right).
again, if u have been doing this for a while & it works for u, then ignore this post.
http://www.babypips.com/school/divergence_trading.html
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Jul 16, 2010 5:50am
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Borderline yahoo & oh-no!
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kdee1,
period conversion
check here & here.
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Jul 16, 2010 6:08am
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Borderline yahoo & oh-no!
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Sjr,
not really, usdcad looks bullish to me.
if so, u may encounter buyers if price dips. this could be detrimental to your short.
if price moves down, it could be good for about/at least 15pips.
just my view 
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Jul 16, 2010 8:52am
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Borderline yahoo & oh-no!
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Sir Bemac,
that's exactly what i was thinking of when i posted below.
Thanks for that chart.
Quote:
Originally Posted by supremeChaos
...
see that rounding bottom around July8 - 13?
it turns out it is accumulation (buying spree) before the run up (current uptrend).....
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Jul 16, 2010 10:00am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by djmartymac
PS ibfx is the same as mb trading
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Quote:
Originally Posted by adam777
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my MBT MT4 demo is on another PC.
can anyone de-confuse? 
Thanks!
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Jul 16, 2010 10:04am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Atc
Does anyone know why these two different feeds give 2 different results?....
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Hello Bill,
it actually looks the same. but u are using 2 types of MACD.
on your 1st chart above, it lacks the green histogram on your 2nd chart. your 1st chart's MACD is only showing the red & blue lines on your 2nd chart's MACD.
read my May25 post.
Quote:
Originally Posted by supremeChaos
....for the 'real' MACD (in your above post's 3 charts), it shows the 2 signal lines (the blue line & red dotted line) AND a histogram (green histogram, which shows the difference between the 2 signal lines)
for the 'usual' MACD, it only has the signal lines which take the form of a line (representing the red line in your MACD) & a histogram (representing the...
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Jul 16, 2010 10:14am
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Borderline yahoo & oh-no!
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Yep, that's the thread, Jonnyisfound 
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Jul 16, 2010 12:52pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Atc
......I was talking about the Histogram differences only since I don't rely on the signal lines....
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Bill,
hahah..
if u didnt notice, One day & Mike said the same thing i did. they just sort of said it in a reverse fashion
Quote:
Originally Posted by supremeChaos
Hello Bill,
it actually looks the same. but u are using 2 types of MACD.
on your 1st chart above, it lacks the green histogram on your 2nd chart. your 1st chart's MACD is only showing the red & blue lines on your 2nd chart's MACD.
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__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Jul 17, 2010 7:25am
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Borderline yahoo & oh-no!
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Hello Adilius07,
i think that is not possible.
what u can do, though, is save profiles the way u like them.
if u want 20 pairs in H4 TF... have all 20 pairs in H4, then save a "H4 profile". to do that, once u have the 20 charts all on H4, go to
File > Profiles > save as ... then name it appropriately (example, "H4 charts)"
repeat this process to make a Daily & weekly profile.
to access your profiles
File > Profiles.... u will see a list of profiles
Quote:
Originally Posted by Adilius07
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Is there a way to "SELECT ALL CHARTS" so I can single-click to change the periodicity on all of my open charts???
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__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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