Home
Search Forums
Keywords:
Search Titles Only
User Name:
Exact Match
Show Results As:
Advanced Options
Reply
 
Thread Tools Search this Thread
  #67545  
Old Jun 28, 2010 5:16am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Cyrus View Post
Hi guys,
Post summaries by the more senior folk here....
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 View Post
....
Seeking is pretty active in the PF with his posts and videos.
that's great.
Looking forward to seeing them in the PF, in the future.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67549  
Old Jun 28, 2010 5:46am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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!
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67556  
Old Jun 28, 2010 6:57am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by antgal23 View Post
....
may be i should wait to see if price can break it, then use it as support , then enter, what u think?
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...
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67558  
Old Jun 28, 2010 8:33am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67561  
Old Jun 28, 2010 8:56am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
..since the Daily pin 2 days ago..
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
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67564  
Old Jun 28, 2010 9:11am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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!
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67604  
Old Jun 28, 2010 10:26pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by aserbfx View Post
sugar ... anyone?
sugar?
looks sweet
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67605  
Old Jun 28, 2010 10:37pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by mbqb11 View Post
....
Check out basically anything you want! It is very universal. Commodities futures equities....
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
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67628  
Old Jun 29, 2010 2:50am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by mbqb11 View Post
... James talks about this early on in the thread it seems to get missed
i havent read the whole thread, but not everyone missed it.
breakouts = Good orderflow
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67629  
Old Jun 29, 2010 3:00am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by joelcf View Post
....
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)....
aha...so u talk about that stuff in the PF, huh.
it's getting much more interesting.

Quote:
Originally Posted by Cyrus View Post
....
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....
...
if it were possible, that is tantamount to saying u have a crystal ball indicator
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67635  
Old Jun 29, 2010 3:55am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Pinbar View Post
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.
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***)
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67643  
Old Jun 29, 2010 4:19am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by bug View Post
Lots and lots of reasons on H4 chart not to take a bullish position.
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 }
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67651  
Old Jun 29, 2010 4:41am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by mordre View Post
I read all your replies about the setup and it made me think twice. ...
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.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67653  
Old Jun 29, 2010 4:46am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by esbatu View Post
Hi guys, have anyone tried the Oanda Apps for Iphone? Is it good?....
check the Oanda thread in the broker section or view here(Oanda on Iphone).
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67659  
Old Jun 29, 2010 5:24am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Brb-Fraudin View Post
I can see in earlier charts that James was using Keltner channel....
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.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67663  
Old Jun 29, 2010 5:49am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
..used to have such a crush on..
joel,
i know, SJ stole your heart. hahah
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67664  
Old Jun 29, 2010 5:56am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by bug View Post
Jarroo sure knows what he is talking about...
....& i feel bug knows his stuff too
great Cornholio is great for a reason...

i learned a lot from this thread too.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67668  
Old Jun 29, 2010 6:11am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67669  
Old Jun 29, 2010 6:14am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by ghous View Post
My turn to show off!
Quote:
Originally Posted by ghous View Post
Oopsi! Wrong image...
Target hit at +2R.

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
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67679  
Old Jun 29, 2010 9:32am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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 View Post
Jarroo, see how this pair is doing now ?
....
Awesome trade. manage it well
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant

Last edited by supremeChaos, Jun 29, 2010 9:42am
Reply With Quote
  #67681  
Old Jun 29, 2010 9:33am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Pinbar View Post
This is how the Highly Controversial BHOB on USD/CHF worked out.

Sir, i have to ask, what is a bung hole?
wait till bug/Cornholio reads this
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67688  
Old Jun 29, 2010 9:46am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by deltatrade View Post
does anyone have any ideea of why this pb failed? mike ? thanks.
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).
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67689  
Old Jun 29, 2010 9:49am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by bug View Post
...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..
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 View Post
... I don't mind the " I was right, you were wrong" so go ahead :P
u are a good sport
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67702  
Old Jun 29, 2010 10:26am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by jarroo View Post
Just like your Eur/Chf 4 hour PB.
...
ahhh... eurchf.
she's wild.
i'll never remember forget that day......


Quote:
Originally Posted by jarroo View Post
Boy did I pick the wrong time to get out of this one. lol
leave the 'bread crumbs' to us small players
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67714  
Old Jun 29, 2010 11:16am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by jarroo View Post
OMFG
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...
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67716  
Old Jun 29, 2010 11:26am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

I agree, Sir.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67742  
Old Jun 29, 2010 10:57pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by cprao View Post
It's done
..
Well done, Sir
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67747  
Old Jun 30, 2010 1:32am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Rosentrade View Post
..
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/....
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
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67749  
Old Jun 30, 2010 1:54am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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/
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67811  
Old Jul 1, 2010 3:12am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Hello jspeakman,
multiple bar low breakout.
see recent posts below:
http://www.forexfactory.com/showpost...ostcount=67790
http://www.forexfactory.com/showpost...ostcount=67791
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67826  
Old Jul 1, 2010 7:41am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
....I have a lot to learn.
there is a lot of time for that.
"Learning time", imho, is time well spent.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67832  
Old Jul 1, 2010 9:07am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by nuclear62 View Post
Hello everyone
I thought i would share couple of things i?ve found useful
...
your English is great nuclear62!
very good idea!
i know some people are already doing those.

Quote:
Originally Posted by ghous View Post
Interesting.
This is important - very IMPORTANT!
yah, good post ghous.
eur$ is going up, up, imho.


Quote:
Originally Posted by Jonnyislost View Post
My latest efforts;
..
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...
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67835  
Old Jul 1, 2010 9:43am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by tubguy View Post
Thought I'd post this IPB I took...
I call these "Ronco" trades "Just set it and forget it" LOL
Quote:
Originally Posted by tubguy View Post
...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..
that makes it an awesome-r Ronco trade
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67837  
Old Jul 1, 2010 10:29am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

proletary,
awesome
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67870  
Old Jul 1, 2010 10:21pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by KissFan View Post
....
I use the 40, 150, 365 and 729...
wow, 729!

Quote:
..In a few mos you could see different ones LOL!..
i think that's natural, hahah
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67873  
Old Jul 1, 2010 10:29pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by nuclear62 View Post
...
Happy forthcoming weekend everyone, i?m getting ready for marathon.. It?s my first one. My goal is to step over the finish line
..
wow, a marathon. that's really great.
trading is a mental marathon too.
you can do it!!!!!
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67876  
Old Jul 1, 2010 11:20pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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!
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67879  
Old Jul 2, 2010 1:22am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67915  
Old Jul 2, 2010 9:47pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Hello mistersimple,
post charts so we can see your point of view.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67917  
Old Jul 2, 2010 11:28pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

anyone hungry?
Please join me in eating this ...
Have a great weekend, all!

__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67919  
Old Jul 3, 2010 12:05am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by cprao View Post
Pros...
.....
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) ??
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.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant

Last edited by supremeChaos, Jul 3, 2010 1:11am Reason: details
Reply With Quote
  #67920  
Old Jul 3, 2010 12:31am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Sjr View Post
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...
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
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67923  
Old Jul 3, 2010 12:57am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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.
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
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant

Last edited by supremeChaos, Jul 3, 2010 1:25am Reason: links
Reply With Quote
  #67924  
Old Jul 3, 2010 1:08am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by cprao View Post
...
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.
.....
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.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67950  
Old Jul 4, 2010 10:51am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by cprao View Post
...
I don't know but I think BRN's has more weight than EMA's.
yes, of course.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67954  
Old Jul 4, 2010 1:19pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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....
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67968  
Old Jul 4, 2010 11:26pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by wargumby View Post
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.
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
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67969  
Old Jul 4, 2010 11:43pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Pinbar View Post
..here you go.
..
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)
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant

Last edited by supremeChaos, Jul 5, 2010 1:06am
Reply With Quote
  #67971  
Old Jul 5, 2010 12:23am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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"
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant

Last edited by supremeChaos, Jul 5, 2010 12:57am
Reply With Quote
  #67975  
Old Jul 5, 2010 4:23am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #67999  
Old Jul 5, 2010 11:18pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Pinbar View Post
Looks like a slow week.
....
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.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68033  
Old Jul 6, 2010 11:34am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Atc View Post
This is what I get for sleeping!!! Please somebody hit me
...
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
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68071  
Old Jul 7, 2010 1:57am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by novice198 View Post
.... Does anyone know which MT4 has DJIA as well as the Futures??...
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
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68081  
Old Jul 7, 2010 5:40am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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...
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68149  
Old Jul 8, 2010 1:20am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by mbqb11 View Post
....
I have been watching this pair closely....
yeah, watching it too for almost 2 days now.
might we see a huge nose on 1 side & then.... 'the move'?
hahah..
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68152  
Old Jul 8, 2010 1:47am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default 3 in 1

Quote:
Originally Posted by Cyrus View Post
MAN. QUITE WRONG WASN'T I?
.....
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 View Post
....
Any ideas as to what could be done to fix this problem?
it's best to PM AtClarkson himself.

Quote:
Originally Posted by cprao View Post
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.
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.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68155  
Old Jul 8, 2010 2:23am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by fxrogue View Post
Hey guys, any opinions on the below USDCAD chart, got a DHLC, bounce off good resis and long term trendline.???
..
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!
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68158  
Old Jul 8, 2010 2:48am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by mbqb11 View Post
...
I have been watching this pair closely. We are at parity and that is always a key level...
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 View Post
....
Nice of it to be highlighted to the world here. Burns it into memory. ....
yes, that was the intention: share the lesson
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68166  
Old Jul 8, 2010 4:11am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Adilius07 View Post
This is not even funny how powerful these few simple setups are. ...
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!
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68168  
Old Jul 8, 2010 4:20am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by novice198 View Post
Can the attached pic of USD CAD BEOB with multiple bar high and Lower close ...
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 View Post
This one looks good for some pips but personally I can't justify trading with the barrage of red folder news coming out today..
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.)
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68175  
Old Jul 8, 2010 6:33am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Jonnyislost View Post

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.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68176  
Old Jul 8, 2010 6:35am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Shanetrader View Post
Hi guys, Ive set up an OandaFXGame account to start demoing my trading plan(recently posted)...
try FXPro demo. it has a 5pm New York close.
it's Free. i love freebies too
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68179  
Old Jul 8, 2010 6:49am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by knn9413 View Post
Can.... I am not really sure how to differentiate b/w the others....
Good decision to stick with great setups
to learn further, Kindly check the links i shared here
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68182  
Old Jul 8, 2010 7:03am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Pinbar View Post
....
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?
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
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68184  
Old Jul 8, 2010 7:28am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by trade price View Post
Gu 4 hour TF.
Thanks for dropping by, Sho
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68231  
Old Jul 9, 2010 12:55am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default 3 in 1 special pizza...

Quote:
Originally Posted by mbqb11 View Post
I only held this to 1.7500
... anyone hold this further to the next PPZ?
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 View Post
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..
...
yes, they are

Quote:
Originally Posted by djmartymac View Post
I cannot find VZ on Broco trader...
on MarketWatch, right click anywhere, & click/check "Show All".
broker times are different, so every feed will be different.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68232  
Old Jul 9, 2010 12:56am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by cprao View Post
Jim, this helps a lot.. Now I am lot clearer than before !!
if u never stop learning, it will only get better....
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68234  
Old Jul 9, 2010 2:48am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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?)
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68255  
Old Jul 9, 2010 9:54am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by ghous View Post
How about moving to Pakistan? London starts 12 noon and Ny closes 10 pm.
...
Quote:
Originally Posted by knn9413 View Post
Perfect time !! Don't have to lose sleep over anything !!
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)
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68264  
Old Jul 9, 2010 11:22am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by ghous View Post
...
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.
...
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
Reply With Quote
  #68266  
Old Jul 9, 2010 11:41am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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
Reply With Quote
  #68268  
Old Jul 9, 2010 11:47am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

nice...
awesome plan tj
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68276  
Old Jul 9, 2010 12:25pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by ghous View Post
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.
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.....
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
Reply With Quote
  #68277  
Old Jul 9, 2010 12:31pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

hey ghous, u changed the picture.
u really have tons of snake pics huh
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68279  
Old Jul 9, 2010 12:46pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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
Reply With Quote
  #68338  
Old Jul 11, 2010 8:18am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by ddinnov View Post
...That's actually the trade checklist, on the left screen I have the trading beliefs a....
unable to read the two, can u share what the two lists say?


Quote:
Originally Posted by everydayguid View Post
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.
.....
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
Reply With Quote
  #68359  
Old Jul 11, 2010 5:49pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Adilius07 View Post
Sorry for the supid question, but how do you make a rectangle color filled like this in MT4...
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 View Post
...
why reducing 1/2 after consecutive wins ?
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'
fortes soli superant
Reply With Quote
  #68363  
Old Jul 11, 2010 6:16pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68364  
Old Jul 11, 2010 6:16pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by cprao View Post
SC, pl see the highlighted one.
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
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant

Last edited by supremeChaos, Jul 11, 2010 7:16pm
Reply With Quote
  #68371  
Old Jul 11, 2010 8:17pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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..
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68378  
Old Jul 11, 2010 10:33pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68379  
Old Jul 11, 2010 10:46pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by jarroo View Post
Hey sChaos. Check out this I39B on the Monthly Gbp/Jpy.
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)
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68381  
Old Jul 11, 2010 10:58pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

9 yards?!??
that's a huge move
Hahah
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68675  
Old Jul 14, 2010 11:04pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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'
fortes soli superant
Reply With Quote
  #68692  
Old Jul 15, 2010 12:12am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by spookie94 View Post
....
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?
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.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68701  
Old Jul 15, 2010 12:44am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
I think they may have meant to use the bodies to narrow the PPZ???
spookie94,
i see..
like most things, i believe it's trader-dependent.
using the body (including the close) &/or the wicks in plotting PPZs.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68707  
Old Jul 15, 2010 1:08am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by joelcf View Post
...
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.
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.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68708  
Old Jul 15, 2010 1:15am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Pinbar View Post
....
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.
...
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
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68712  
Old Jul 15, 2010 1:28am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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 View Post
Damn, I should move. That wouldnt even cover a day here, let alone a month.
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} )
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68715  
Old Jul 15, 2010 2:06am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68719  
Old Jul 15, 2010 3:13am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68721  
Old Jul 15, 2010 3:48am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Adilius07,
i live 'near' you.
kindly check my profile.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68724  
Old Jul 15, 2010 4:23am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant

Last edited by supremeChaos, Jul 15, 2010 4:45am Reason: grammer, lol
Reply With Quote
  #68726  
Old Jul 15, 2010 5:06am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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)
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68730  
Old Jul 15, 2010 5:35am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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"
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68732  
Old Jul 15, 2010 5:40am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by fxdanny4x View Post
you sound like me
in what way?

Quote:
Originally Posted by Adilius07 View Post
This is a fantastic....
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.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68734  
Old Jul 15, 2010 5:52am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68735  
Old Jul 15, 2010 5:54am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Cyrus View Post
Hi Guys,
Read this recently by Steildmayer, one of the pioneers of market profile.....
u are into MP now?
nice post, thanks for sharing!
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68739  
Old Jul 15, 2010 6:04am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Cyrus View Post
I read random shit to destress...
that sounds familiar. but i got amnesia so im not sure if i already have that pdf. i'll just copy it.
thanks again!
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68740  
Old Jul 15, 2010 6:11am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Shanetrader View Post
Hi Adilius, i was thinking about your chart and how you could have managed it differently...
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..
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68743  
Old Jul 15, 2010 7:59am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by fx_heaven View Post
Just took a EUR/CHF trade....
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)
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68746  
Old Jul 15, 2010 8:23am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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)
Click image for larger version

Name:	eur$ my Oanda trade_Jul152010.JPG
Views:	29
Size:	94.2 KB
ID:	508390
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68747  
Old Jul 15, 2010 8:27am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by fx_heaven View Post
....
Entry (buy) was: 13437.7....
I see.
gbpcad looks good if it goes down more & passes beyond traffic (i think u are short)

manage them well!
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68749  
Old Jul 15, 2010 8:42am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

fx_heaven,
LOL.
i thought u made a scalp short.
1.5660 huh? nice chunk of that trend.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68757  
Old Jul 15, 2010 10:14am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by adam777 View Post
Hi SC
Have you been demoing then trading PA for only a year and a half?
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.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68760  
Old Jul 15, 2010 10:26am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Jonnyislost View Post
Now it's just laughing at me
Hey Jonnyisfound,
it happens to all of us.
just laugh back at it lol
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68763  
Old Jul 15, 2010 10:41am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Jonnyisfound,
like several here, i cried many tears.
maybe it's your turn now
now, i just laugh at my (continued) dumb mistakes, lol.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68765  
Old Jul 15, 2010 10:52am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default


every little improvement is a blessing/achievement
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68824  
Old Jul 16, 2010 1:05am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Dan Gilbert View Post
anyone here think maybe just maybe there's a 51% chance that today was the beginning of the domino effect....
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....
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68840  
Old Jul 16, 2010 1:43am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by jarroo View Post
That one is working out great. I agree ghous, alot of things going for this one ...
Quote:
Originally Posted by jarroo View Post
I guess you could use the previous bar high with the IPB . . like a proxy high IPB . .what you think g?
Quote:
Originally Posted by slade1986 View Post
Thanks Guys, TP Just a few pips away now. Locked in some profit now though.
Quote:
Originally Posted by jarroo View Post
What was your close on the IPB? Fxpro had .8842 about 2 pip DD.
slade1986,
nice IPB trade, Sir.
taking note of that via this post.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68846  
Old Jul 16, 2010 2:01am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by djmartymac View Post
Just wondering what brokers feeds you need to get a 4 hour candle change every hour?...
Quote:
Originally Posted by djmartymac View Post
PS ibfx is the same as mb trading
Hello djmartymac,
try these 2 links.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68847  
Old Jul 16, 2010 2:10am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by jarroo View Post
I do tend to move just below BE just to allow for a retest. . . . . I like moving to "BE -7 or -10"
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)
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68849  
Old Jul 16, 2010 2:15am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

"mini version"
nice term, hahah.
i'll take note of that.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68854  
Old Jul 16, 2010 3:04am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by TheMaxx View Post
What are you basing the red trendline on?
it looks like it's plotted from the May21 high
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68856  
Old Jul 16, 2010 3:09am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Cyrus View Post
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...
lots of nice posts lately
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68861  
Old Jul 16, 2010 3:26am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Rustam View Post
I didn't have time to post this when it happened but the trade is now over and i lost Any ideas....
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
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68869  
Old Jul 16, 2010 3:46am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Adilius07 View Post
....
Can these be considered as a two-bar Pinbars? ...
to help (or confuse) u further, u can view it as an 'irregular' or 'incorrect' BUOB


Quote:
Originally Posted by jarroo View Post
Absolutely. Actually they would be BUOBs that look like PBs, one of my favorites..
Quote:
Originally Posted by Cyrus View Post
yes they are...
Quote:
Originally Posted by fx_heaven View Post
...
They are very similar. The second two bar (railway track / tram line)...
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68877  
Old Jul 16, 2010 4:06am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Adilius07 View Post
...So I skiped them. And only now I recalled that I read somewhere in the thread that there are 2-bar Pinbars ...!
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 View Post
.., what I don't understand is the criteria for identifying them.
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)
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68882  
Old Jul 16, 2010 4:22am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Pinbar View Post
Thanks SC, this is totally new to me.
Maybe best to leave it on a back burner for the time being.
Quote:
Originally Posted by Cyrus View Post
I got this waaaaay back.
They ALL merge into pinbars =)
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.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68886  
Old Jul 16, 2010 4:33am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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).
Name:  caddd4.gif
Views: 75
Size:  16.2 KB
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68890  
Old Jul 16, 2010 4:38am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by djmartymac View Post
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....
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.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68891  
Old Jul 16, 2010 4:44am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Pinbar View Post
....
Just wondering if this is going to be a G bar though.
(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.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68895  
Old Jul 16, 2010 4:59am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Adilius07,
'G bar'= IPB
check this post by Ghous.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68898  
Old Jul 16, 2010 5:12am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Greenhaze View Post
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. ...
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
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68901  
Old Jul 16, 2010 5:25am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by djmartymac View Post
PS ibfx is the same as mb trading
Quote:
Originally Posted by djmartymac View Post
...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.
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.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant

Last edited by supremeChaos, Jul 16, 2010 9:52am
Reply With Quote
  #68902  
Old Jul 16, 2010 5:40am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Pinbar View Post
....
The experience is the real profit.
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
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68904  
Old Jul 16, 2010 5:50am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

kdee1,
period conversion
check here & here.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68906  
Old Jul 16, 2010 6:08am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68911  
Old Jul 16, 2010 6:56am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Hello Shane,
some more live web charts
https://fxtrade.oanda.com/your_accou...er/game/signup (needs registration)
http://www.dailyfx.com/charts/
(note: i havent used them much, so i dont know much about them)
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68918  
Old Jul 16, 2010 8:52am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Sir Bemac,
that's exactly what i was thinking of when i posted below.
Thanks for that chart.

Quote:
Originally Posted by supremeChaos View Post
...
see that rounding bottom around July8 - 13?
it turns out it is accumulation (buying spree) before the run up (current uptrend).....
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68924  
Old Jul 16, 2010 10:00am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by djmartymac View Post
PS ibfx is the same as mb trading
Quote:
Originally Posted by adam777 View Post
....
MB Trading uses 5pm EST for standard, mini, & micro lots, so you get proper New York daily charts: http://qcharts.mbtrading.com/vbullet...read.php?p=291...
my MBT MT4 demo is on another PC.
can anyone de-confuse?
Thanks!
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68925  
Old Jul 16, 2010 10:04am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Atc View Post
Does anyone know why these two different feeds give 2 different results?....
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 View Post
....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...
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68929  
Old Jul 16, 2010 10:14am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Yep, that's the thread, Jonnyisfound
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68946  
Old Jul 16, 2010 12:52pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Atc View Post
......I was talking about the Histogram differences only since I don't rely on the signal lines....
...
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 View Post
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.
...
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
  #68972  
Old Jul 17, 2010 7:25am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

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 View Post
...
Is there a way to "SELECT ALL CHARTS" so I can single-click to change the periodicity on all of my open charts???
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
Reply With Quote
Reply

34 Traders Viewing This Thread (23 are members)
nowy, rollotape, lafemo, Invisible, Adilius07, Fxtrader, Chelski, Jey, Invisible, gmm, anderou, aston22, joelcf, Pirabuji, skinfx, 50d, tenderbob, Cyrus, michal7, redanx, ekling, fxlan, Auspip
Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Trend Trading Chart Thread DanUK Interactive Trading 2120 Sep 4, 2010 6:04pm (35 hr ago)
PDF of james16 thread? Gasmeter Rookie Discussion 4 Jun 4, 2010 8:07am