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james16 Chart Thread
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Aug 30, 2010 12:39am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by novice198
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You mean you gave up Cereals in college.
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no he meant he gave up college like i did  (i tried to sneak a calculus book out of the library...i was too eager to study for the exams  )
nice to see everyone back. lol
a short hiatus after getting sick & hospitalized 
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Aug 30, 2010 1:01am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Adilius07
Does anyone know. When my order is hit on MT4 there is no sound, nothing. Is there some way to make a sound alert when my order is hit? .....
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have u tried MT4's default alerts?
check MT4's Help (press F1). using the Search tool, type "alert". read up on the articles..
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Failure is the mother of success: learn from 'her'
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Aug 30, 2010 1:05am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Pinbar
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Hope you made a full recovery.
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i believe ongoing full recovery. 
Many thanks,Sir.
Quote:
Originally Posted by cprao
Mike , what do you mean stronger close ?
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i think, with 'stronger close', he meant he wanted the close above the open (plus bigger nose)
__________________
Failure is the mother of success: learn from 'her'
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Aug 30, 2010 9:32am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by ppfx
wow never saw a chart of a bankrupt company . Very interesting. And yes zero seems a very good support area.
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im still waiting for it to bounce so i can short it, as i missed that last BEOB
Quote:
Originally Posted by supremeChaos
i believe ongoing full recovery.
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btw, many thanks to ALL the well wishers & would-be's 
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Aug 31, 2010 5:52am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by premierpip
i would like to ask, is the chapters in Martin Pring's book Pring on Price Pattern important to forex trading? because i'm really having a hard time to digest what pring is saying about the price moving with the volumes.
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depends on how u view volume (if it is useful or not for u) in a decentralized market like FX.
volume is simply supply & demand (sellers & buyers).
for example, a bullish pinbar with long nose & high volume. this would indicate that buyers (demand) stepped in on the lows (creating that nose/tail)
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Failure is the mother of success: learn from 'her'
fortes soli superant
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Aug 31, 2010 6:30am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Mr. Hafner
....this seems to me like a valid long entry on EUR/USD....
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Hello Mr.Hafner!
sure it is valid, imho.
it(BEOB) is visible in H1& H4 too
just a reminder, stay with higher Timeframes (H4 up), that is, if u are new to this thread.
Keep posting Sir!
Quote:
Originally Posted by premierpip
...means that i dont have to use a volume indicator to confuse myself any further? because the size of the bar does all the saying about volume?
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yes, no need. (it's up to u if u wanna consult volume in the future - u have to decide if FX volume is helpful or not; personally, i do find it helpful & still studying it)
volume reading is built in in the PA setups (PB, BEOB etc) that we discuss here.
regarding bar size & volume, this explains why some very small PA setups work well --- because volume (buyers or sellers) step in (to absorb selling or buying) in a specific price zone/location
again, remember, volume is simply supply & demand.
(bullish PB = more demand &/or buyers absorbed selling; reverse for a bearish PB or any PA setup)
Hope this helps
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Aug 31, 2010 7:15am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by premierpip
...i will watch the videos in James16 group and learn more about it. ...
anyway, anyone know where i can find a forex calculator to calculate the trade size to trade using my SL?
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volume is not discussed directly here & in the videos. we usually 'talk about it' in the form of "big PA bars" (bigger bars = more demand or supply = momentum)
calculators?
try these
http://fxtrade.oanda.com/tools/fxcalculators/
http://www.mataf.net/en/tools/04-01-position-size
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Aug 31, 2010 7:30am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by slade1986
Took the break of this 4H IB off the 1.3400...
Comments please
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how do u want us to comment? 
nice IB trade!
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Aug 31, 2010 7:48am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by joelcf
not necessarily 
Big bars are a sign of a volume imbalance.....
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hahah...
many thanks for pointing that out.
i overgeneralized a bit 
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Failure is the mother of success: learn from 'her'
fortes soli superant
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Aug 31, 2010 8:04am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by roundrock
i dont see any IB there. did you mean outside bar ?
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it's the small bar prior that OB.
the setup looks like a DBLHC too.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Aug 31, 2010 8:30am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by xmzhang
A nice clasic breakout trade which Mike would love to see. On the 1H-TF G-U you'll notice multiple touches at the 15450 level, price broke out via a big BEOB....
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are u referring to the 7th bar from the right?
if so, that is not strictly a BEOB as that red bar did nt completely engulf the prior bar.
be careful as newer traders are reading up on this thread.
Quote:
Originally Posted by geomink
Short EUR/AUD
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Hello geomink,
short via retracement of a small BEOB? what price?
price is at a swing low.
plus, imho, the downside has been exhausted.... upside move is more likely (on its way actually), at least in the near term.
careful with that trade... just my view 
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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26 Traders Viewing This Thread (14 are members)
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orangiski, silly cybin, malo, joelcf, GermanoZ, Pinbar, ramdas, albinas, LiuLangZe, spookie94, kennyg, roundrock, cprao, Ace284
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