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  #69060  
Old Jul 19, 2010 8:05am
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six gun,
on top of every page, on the right side, u will see the pages list, & the attachments link(paper clip).
below them, u will see "search this thread" & then "Rating".
this is what u want. rate the thread there.
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  #69103  
Old Jul 19, 2010 11:00pm
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Quote:
Originally Posted by ppfx View Post
Hi guys/gals! ppfx reporting.....
Good to see u back.
hope u didnt miss the Cyrus summaries
do well in school, because next time u'll do well in trading & leave/forget about school

Quote:
Originally Posted by everydayguid View Post
What is that J16 Manager thing on your chart?
atclarkson's J16 manager EA
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  #69105  
Old Jul 20, 2010 12:04am
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everydayguid,
http://www.forexfactory.com/showpost...ostcount=56751
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  #69122  
Old Jul 20, 2010 4:22am
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slow thread lately...that's abnormal

Thanks to Sir pips4life...
here's his indicator collection thread. several indicators are seen & used here in this thread.
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  #69125  
Old Jul 20, 2010 4:34am
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mihazupan1,
yes i'm a mind reader
be careful bro.

just ask. people here are always accommodating.
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  #69128  
Old Jul 20, 2010 4:46am
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Quote:
Originally Posted by The Lord View Post
Looks great..
Hello The Lord,
looking at Daily, we seem to be in a range.
that's a pretty small pin
& heading straight or is exactly at a PPZ (see your 132.46 current price horizontal line)
if price can break 132.00, then there might be a chance price revisits 130.50 - 131 area & possibly beyond.
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  #69129  
Old Jul 20, 2010 4:49am
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Quote:
Originally Posted by mihazupan1 View Post
I'm still looking for a price & spread indicator (something that Pinbar has in his chart). Can anyone help me?
must be the Spread indicator here.

most indicators used & shown in posted charts here, i think, can be found in the Attachments section (click the paperclip icon on the top right of every page)
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  #69133  
Old Jul 20, 2010 5:22am
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Quote:
Originally Posted by mihazupan1 View Post
...
I have problems installing these indicators...
can u post a chart showing this problem?
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  #69135  
Old Jul 20, 2010 5:30am
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Quote:
Originally Posted by Adilius07 View Post
...
May I ask this question regarding stop/trade management again.
As I have learned from the thread me as a newbie should start trading:
....
3) risk no more than 3% on a trade
4) start with small account
.....
My smallest possible pip value is $1.....
im not the best to answer this...
but i'll try.

if u are just starting out, it would be best to risk 0.5 - 2%.
also, find a broker that allows u
-to trade $0.01 (instead of $1 as the smallest)
-to trade fractional/smaller lots (example, Oanda lets u trade 1 unit up; in comparison, a mini lot is 10,000 units)

Hope this helps
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  #69147  
Old Jul 20, 2010 5:52am
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Quote:
Originally Posted by ddinnov View Post
I've got an order on for CAD/JPY...
FTA seems to be 83.50.

i checked H4- weekly...
i dont think that order will get triggered soon. it seems there's a downside bias right now.
just my view
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  #69150  
Old Jul 20, 2010 5:57am
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Quote:
Originally Posted by mihazupan1 View Post
The indicator will only appear in MACD box...
if Pinbar is using that same indicator...
then there must be an option that allows u to choose where to place the values (top left, top right, bottom left/right)
maybe u can try & PM him
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  #69152  
Old Jul 20, 2010 6:06am
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Quote:
Originally Posted by Adilius07 View Post
..I was also thinking that the only way to fix this is either bigger account or the smaller pip value.
.....
going bigger is not necessary IMHO.
u can save that extra money for now. it will be handy once u get better, or u might not need it by then..
agree with fx_heaven, better to look for an appropriate broker...

about trade mgmt,
better to stick with the conventional way first (stop below/above a PB) before venturing into more advanced trade mgmt.
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  #69160  
Old Jul 20, 2010 7:00am
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six gun,
Mike's got a point.

on Daily, eurusd has made a nice upmove & is probably undergoing a breather/retracement towards low-1.2800/mid- to low-1.2700..(to achieve this, 1.2900 has to break convincingly)

price got tired & lacked the momentum to push through 1.3000.... for now
let's see.
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  #69165  
Old Jul 20, 2010 7:14am
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Jonnyisfound,
....add divergence & what do we possibly have
let's see if 1.2900 gives way
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  #69167  
Old Jul 20, 2010 7:19am
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Quote:
Originally Posted by ppfx View Post
Hi tgrebis!
I saw that nobody commented your chart yet, so i'll try....
back reading helps!

i guess u misunderstood his post/chart.
he bought (see the blue triangle on his first chart)


Quote:
Originally Posted by tgrebis View Post
Hello, everyone. I took this pinbar early this morning. Red line is stop at major support on the daily. Seems like a possible long term trend reversal. time will tell. I believe I will take half off and let it ride.
Hello tgrebis,
it might be a reversal, but , IMHO, not necessarily a long-term one.
keep posting!!
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  #69170  
Old Jul 20, 2010 7:25am
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Jonnyisfound,
on your first chart, plot a line for the last 10-12 bars


EDIT:
wait, the two charts look the same & u seem to have already plotted the divergence on the second chart
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  #69171  
Old Jul 20, 2010 7:27am
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Quote:
Originally Posted by ppfx View Post
my bad
no problem, bro
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  #69177  
Old Jul 20, 2010 8:59am
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Hello simpleguy,
it would look like a PB-BEOB.

careful, this is a H1 chart... plus in 2minutes we have Bank of Canada rate announcement.
probably price is already showing the direction
let's see.
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  #69179  
Old Jul 20, 2010 9:06am
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Quote:
Originally Posted by fxeturn View Post
...
I have a question for Mike, Jarroo, Ghous...
Hello fxeturn,
im just a senior newbie & this is just my view

i think what u mean is trading when there is no PA setup (PB, BEOB etc) visible
i personally do this.
i can say that it's in between PA setup trading & touch trading

ok, now that i answered your question....
i'd like to say that this is beyond the main scope of this thread, which is trading with certain PA setups.
many will tell u that trading with visible (as opposed to no) PA setups is a safe & recommended way to trade & u should start/stick with this route
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  #69181  
Old Jul 20, 2010 9:09am
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Quote:
Originally Posted by simpleguy View Post
... just wondering about formations. Learning!
..
jarroo likes it. read his recent posts(i believe he mentioned it again)
Learning is awesome Sir
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  #69183  
Old Jul 20, 2010 9:22am
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fx_heaven,
awesome post,Sir.
Keep them coming!
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  #69191  
Old Jul 20, 2010 10:29am
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Quote:
Originally Posted by Pinbar View Post
A kind person in the indicator thread helped me modify sweet spots gold to put the RN lines on the right side of the chart.
....
very nice.
been wanting to have this for some time now (but forgot about wanting it, lol).
Thanks Sir.

EDIT:
it appears that u personally made some of the code modifications
Great effort, great job
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  #69194  
Old Jul 20, 2010 10:58am
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Quote:
Originally Posted by Pinbar View Post
If we can get it to display the price on the lines it may be even better, and perhaps make the lines shorter.
....
im pretty sure that's easy to do.
for now the way to make the lines shorter is to adjust the chart shift (adjusting the downward pointing arrow located on the top right) or disable chart shift.
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  #69195  
Old Jul 20, 2010 11:17am
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Quote:
Originally Posted by premierpip View Post
i would like to ask, how do i start learning from this thread?....
hello fellow Asian!
read Cyrus summaries
view the free videos too.
joining the group is not necessary but it has been said that the private forum has less noise & more meat (videos/articles). it's also been said that all u need to learn is inside this thread. it's your choice.

we learn by reading & asking questions...
Good luck!
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  #69250  
Old Jul 20, 2010 10:27pm
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Quote:
Originally Posted by mihazupan1 View Post
.....
Is there any MT4 indicator experts that could help me putting this indicator to the top right corner?
try to PM traderathome first.
next would be to post in the Platform tech forum.
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  #69251  
Old Jul 20, 2010 10:29pm
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Quote:
Originally Posted by unlv_tj View Post
Did anyone take the EURUSD 4h BEOB this morning?
... I am just surprised to not read about anyone taking this trade....
not reading about it here (traded &/or posted) doesnt necessarily equate to 'no one traded it'
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  #69252  
Old Jul 20, 2010 10:32pm
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Quote:
Originally Posted by ppfx View Post
i have this tool which helps me desing RN link ....
Thanks!
i think they do the same thing, except Pinbar's mentioned indicator plots the lines exclusively on the right side of the chart.
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  #69254  
Old Jul 20, 2010 10:42pm
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Quote:
Originally Posted by cvcamper View Post
Just FYI
...
wow, looks like a touch trade
my concern here would be the bullish bias, imho. looking at the Daily, we had a nice upmove since early June.
for shorts, 0.9100 - 0.9150 would be the initial trouble, i think.
i may look for buy opportunities around that area. the problem for longs is the 0.9250 - 0.9450 consolidation

battle of commodity currencies
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  #69260  
Old Jul 20, 2010 11:20pm
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Quote:
Originally Posted by unlv_tj View Post
Did anyone take the EURUSD 4h BEOB this morning?
....
I couldn't decide, so when in doubt stay out....
The overall recent traffic looked like too much, so I passed on it.
...
I really think this four hour bar that closes at 5 AM CST is just so powerful that taking even less than perfect set-ups will make a good return. So I must fight this fear of losing....
Quote:
Originally Posted by unlv_tj View Post
The size was small..... Being this is counter the very recent trend, I believed it was too risky.
...
I could be over complicating it.

..
i took a chunk of the move but it's not off of that H4 BEOB in your chart, so i did not declare that i traded it.
the key was the location (1.3000), & possible temporary trend exhaustion which started last Friday (unable to move past 1.3000 + profit-taking Friday)

i trade mainly lower TFs... i adhere to an unwritten principle that we should post/discuss H4 & up trades here, with PA setups.... my main concern here is the newer people.
im sure some senior traders traded it. if u notice senior traders rarely post... & if u noticed, much less when there are good trades to take/during active trading sessions. not to mention, traders do other stuff aside from trading too, rendering them to post inactively.

i just read several of your recent posts including those in another thread.
personally, it's obvious: i believe u are having an internal conflict with your self.
u regret not taking this trade but at the same time u are NOT comfortable taking it at all.
if u arent comfortable taking it, i think u shouldnt bother with it at all.... UNLESS u want to learn & want to trade that missed setup in the future.

a setup turning profitable or not is IMMATERIAL. if u take setups u are not comfortable taking, u will only end in misery, sooner or later.

Trading is an EXCELLENT personality Test & Enhancer.
Keep at it TJ! Hope this helps
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Last edited by supremeChaos, Jul 20, 2010 11:31pm
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  #69266  
Old Jul 21, 2010 12:31am
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Quote:
Originally Posted by Pinbar View Post
Keeping my eye on EU.
SC, what do you think about this type of modification on SWG?
u modified the code to show labels?
nice!
i'll try my hand on it. if i come up with something worthwhile, i'll post it here.
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  #69267  
Old Jul 21, 2010 12:35am
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Quote:
Originally Posted by redevo View Post
Hiya, great thread thanks James16.....
Welcome redevo...
Keep posting Sir!
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  #69273  
Old Jul 21, 2010 2:24am
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is that a trick question?
Yes, it is a Pinbar.
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  #69275  
Old Jul 21, 2010 3:00am
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i believe it's playable.
but since u are new to this material, i highly suggest u stick with trading those PA setups found on swing highs & lows.
also, practice/learn about determining & plotting PPZs& S/Rs. this is VERY important.
if u have good S/R & PPZ knowledge, u will be able to trade less than ideal setups.

read Cyrus summaries
view the free videos too.

Good luck!
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  #69280  
Old Jul 21, 2010 3:52am
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Hello Jey,
yes, i dis...cern that u have a point.
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  #69281  
Old Jul 21, 2010 3:56am
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Hello mihazupan1,
if i may...
traffic simply means...
well....
think of heavy traffic in the highway.
when there is heavy traffic, vehicles have a hard time passing/moving through smoothly right?

same with price near/at/approaching a traffic area -- it may have trouble passing through.
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  #69287  
Old Jul 21, 2010 4:11am
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Quote:
Originally Posted by Jey View Post
Just trying my luck...
No worries Sir.
seriously, i think u have a point.
that pin is not exactly at a swing low.
that pin is just below 1.6100 RN & seems to be a PPZ.
a conservative way to trade (go long) is wait for 1.6100 to break & get retested. if on the retest, a PA emerges, then we can go long.


Quote:
Originally Posted by mihazupan1 View Post
....
I think I get it. Will look through the chart...
so u are a visual guy.

to put it simply, a traffic area is an S/R or a PPZ.
hope that clarifies it further
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  #69292  
Old Jul 21, 2010 4:27am
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mihazupan1,
for PPZ & others, see
http://www.forexfactory.com/showpost...ostcount=56751

yes, that blue area, a congestion/consolidation area can be considered traffic at that time.
btw, your chart is the perfect illustration of what i mean playable. what i mean is, your chart is the possible future picture of everydayguid's chart earlier.
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  #69295  
Old Jul 21, 2010 4:33am
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Quote:
Originally Posted by Cyrus View Post
Hi guys,
I'm reading through Phantom of the Pits now....
yeah, it's a long read.
maybe i can use the 'sneeze technique' so i can finish reading it much faster.
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  #69297  
Old Jul 21, 2010 4:35am
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Quote:
Originally Posted by Jey View Post
...I also think that pin's head should ideally be above the PPZ instead of being under it. ....
yes, correct.
That's a good idea.
that shows buyers overcoming/overwhelming the selling (supply) in the PPZ
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  #69299  
Old Jul 21, 2010 4:39am
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Quote:
Originally Posted by mihazupan1 View Post
...
Have those videos on my disk but haven't watched all of them yet.
really?
well, u should watch them as soon as possible.
i promise, it's worth your time & u will learn A LOT.
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  #69307  
Old Jul 21, 2010 5:11am
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Pinbar, here
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  #69321  
Old Jul 21, 2010 8:14am
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ddinov,
i believe that was mentioned here before.
looks like the members have increased
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  #69364  
Old Jul 21, 2010 11:49pm
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speaking of mbqb11...
he stopped 1 post short of 4,900.
did someone prevent him from posting 1 more &/or someone 'protecting' the 4900 round number?
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  #69368  
Old Jul 22, 2010 12:10am
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Quote:
Originally Posted by NoBread View Post
My last two trades??
i think u had your trade prior the GBP news (minutes of the June BoE MPC
meeting).
i got trades that got whipsawed during that time too.
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  #69369  
Old Jul 22, 2010 12:13am
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Quote:
Originally Posted by mbqb11 View Post
lol you are very perceptive on those numbers SC.... that ain't that much, we got stripped of thousands, not to mention the 7k on the PF
hahah.
yeah, diggsnoob told me about it in the recent past.
several here got more posts than it currently shows.
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  #69373  
Old Jul 22, 2010 12:25am
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Quote:
Originally Posted by mbqb11 View Post
we need to convince Jarroo to post more, that slacker
lol.
yeah, he said he would post & run... yet he's still here
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  #69384  
Old Jul 22, 2010 1:08am
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Quote:
Originally Posted by jarroo View Post
....
I got time now.
u always do.

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  #69386  
Old Jul 22, 2010 1:14am
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Quote:
Originally Posted by Pinbar View Post
...
I was fortunate enough for Taiyakixz to create the code for the modified sweetspots gold indicator
....
EDIT: Change shift line in the indicator edit function to a higher number to make the lines shorter.
just got it working now.
i thought it was not showing up on my chart*. lol, but sorted now.

the "ShiftLine" parameter accepts + & - values. (no need to indicate "+" for positive values)
i have the ShiftLine at 10. a higher number will shorten the line (or 'make the indicator invisible'*... lol). try increments of 5 or 10.
use a negative value to make the line extend to the left.

those who will use this indicator need to have "Chart Shift" enabled, for a clean look.

for those who use Pivots (SweetSpot looking indicator like the one in the THV thread), i think they can use a piece of this indicator's code to achieve the same 'clean' appearance.

many thanks Pinbar.


EDIT:
NumLinesAboveBelow parameter: i think this shows number of horizontal lines (round numbers) above&below current price. set it anywhere between 2-10. the default is 100, that is too many & unnecessary.

*if u cant see the lines, experiment with 'ShiftLine' &/or try to zoom in/zoom out.
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Last edited by supremeChaos, Jul 22, 2010 1:45am
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  #69388  
Old Jul 22, 2010 1:28am
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Quote:
Originally Posted by asen View Post
is this GJ 1 hr pin bar is valid?
.....
Quote:
Originally Posted by mbqb11 View Post
..look how super super small that bar is.... Look for those bars the smack you in the face you will save yourself a lot of headaches ..
Quote:
Originally Posted by jarroo View Post
...that's very very small even for the hourly chart. . . .yet it did hit its target . lol
... this is why big bars rule.
just to share with newer traders...
one of my early mistakes was expect big moves from small bars like this. (kind of like expecting/wanting to pay $1000 for a Ferrari)

of course big moves can start from small bars,
but more often than not..
small bars = small move
big bars = big move/momentum

for those starting out, it's much easier on the pocket & safer to avoid small bars.

think of chocolate or any of your favorite foods...
small chocolate
= (i want some more), (no more), (i want More!!!)
big chocolate =
LOL
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  #69395  
Old Jul 22, 2010 2:01am
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Quote:
Originally Posted by mbqb11 View Post
the worst thing I see happen to new traders
They catch a big move with a small bar.

....
i see what u mean..
bad for the psychology?
breeds 'improper' audacity, perhaps

havent eaten chocolate for some time now, lol
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  #69396  
Old Jul 22, 2010 2:05am
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Quote:
Originally Posted by jarroo View Post
...what do you think of this I4+B ( I38B?) on the Monthly (June) Gbp/Jpy?
June candle, Sir?
i got it as I36B on one demo feed(FXDD). (smallest since June 2007)

imho, the 2007 crisis-led bearish trend is still intact.
if 130.00 doesnt hold,
126.70ish May2010 lows...
then we might revisit Jan.2009 118.80ish all time low... & even breach it if equities sink with all the mess around us.
gbpjpy 110.00 & below?!?!
Let's hope for the best... prepare for the worst
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  #69397  
Old Jul 22, 2010 2:08am
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Quote:
Originally Posted by cheeseweasel View Post
...
Next time I see one I'll just think of chocolate.
hahah.
i think that's a very simple analogy.
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  #69405  
Old Jul 22, 2010 4:24am
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Quote:
Originally Posted by Jey View Post
Sorry guys, what exactly is I4+B or 138B for that matter? Told ya i'm a noob.
nice post from CY.
a few links here.
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  #69409  
Old Jul 22, 2010 4:48am
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Hey CY, u are putting me on the spot.
i think u explained it well, Sir.

here are recent charts for Jey.
here, here
play the 'guessing game' by cross-checking it with your own charts.
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  #69410  
Old Jul 22, 2010 4:55am
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Quote:
Originally Posted by pipmyride View Post
That wasnt so hard
nice one!
this is an example of a J16 trade even without the knowledge of news.
55minutes ago there was gbp-related news (retail sales)

on FXDD, there was a good-sized PB on H1. that started it.
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  #69413  
Old Jul 22, 2010 5:11am
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Quote:
..trades I didn't take...
i was a MAJOR player in this 'category'.... slowly making my way to become a small player.

Quote:
Originally Posted by Jonnyislost View Post
...
But I just love playing the "where is price going" game
.... I try to find them all, even if I don't trade them

Learning is oh so FUN!
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  #69416  
Old Jul 22, 2010 5:22am
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Quote:
Originally Posted by mihazupan1 View Post
....
How come that my chart is totally different than yours? Is this because of the time zone difference? That's the only reasonable explanation that comes to my mind.....
most likely, TZ difference.
im not sure... but it's possible that your broker opens later than pip's broker.
which broker is that?

here's something to think about.
im using your chart but i erased a big part of the last bar. (the red horizontal line is the top of the prior bar... potential entry above that line)
Name:  gbpjpy.gif
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  #69419  
Old Jul 22, 2010 5:29am
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Quote:
Originally Posted by asen View Post
....
So for the definition of big candle size, what size it will be for 1hr and 15m time frame.
Will this EJ 15m candle is big enough? HI LO is 27pips
there is no set definition or value for 'big' & 'small'.
view the candle in the context of surrounding bars, situation (trending or ranging) &/or location.

that is a M15 chart. check out the higher timeframes. what do u see?
at this moment, imho, odds are higher u will get stopped out if u short that.

if u are seriously learning this material, kindly stay with Daily & up charts.
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  #69424  
Old Jul 22, 2010 6:34am
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Quote:
Originally Posted by Muhammad989 View Post
hi all...
Hello Muhammad,
are u kidding? that was a nice trade.
BUOB off a TL + 61.8Fib + (minor) PPZ

just always be aware of possible problem areas like that immediate 0.7150ish - 0.7190traffic area

Keep it up!
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  #69429  
Old Jul 22, 2010 6:49am
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Quote:
Originally Posted by Adilius07 View Post
... I was also monitoring my charts at that time. I saw this BUOB.. but didn't it formed right before the tight traffic? I got scared and passed on this trade.
What role the traffic plays in our setups?...
like i said, it was a potential problem area.
but momentum was on Muhammad's side.

make no mistake, u had a good reason to pass on that trade. (in fairness, that tight traffic is relatively a small area)
if u arent comfortable taking a certain trade, it's better to follow your instinct.
each of us have a different personality & risk profile. thus we can win/lose in many different ways. this thread is a showcase of our diversity.


Quote:
Originally Posted by mihazupan1 View Post
...
I'd be a bit more conservative as far as a TP2 point is concerned..
mihazupan1,
are u reading my mind too? lol
i was expecting someone to mention that possible problem area (your TP2).
Good eye, Sir
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  #69433  
Old Jul 22, 2010 6:53am
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Quote:
Originally Posted by joelcf View Post
First one to 5000 posts picks up ther tab

Great. i'll just have water.
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  #69436  
Old Jul 22, 2010 7:02am
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Quote:
Originally Posted by Adilius07 View Post
...But the more I read the more cautious I become... don't know if it is good or not
of course it's good.
sooner or later u will realize this
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  #69446  
Old Jul 22, 2010 8:30am
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Quote:
Originally Posted by asen View Post
Which broker is the best to use for charting...
u can use any.
there is no single best broker.

several here use brokers that close 5pm NY Time like FXPro.
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  #69447  
Old Jul 22, 2010 8:33am
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Quote:
Originally Posted by Jonnyislost View Post
I just read something that blew my mind!
Is Pin bar really short for "Pinocchio bar"!? I always thought it was because it looks like a pin
yup.
as in (price going one way but ending up the other)


Quote:
Originally Posted by Adilius07 View Post
What do you guys think?
may or may not work.
size-wise, it's pretty small.
it's a daily bar, so it has probably not ended yet.
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  #69547  
Old Jul 23, 2010 7:05am
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Quote:
Originally Posted by Jonnyislost View Post
Trade of the day;
...
Quote:
Originally Posted by ghous View Post
Is this your first target, or you're out completely?
feels like it has a chance to move up further, right
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  #69599  
Old Jul 24, 2010 3:41am
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Quote:
Originally Posted by supremeChaos View Post
Hello Adilius07,
i think that is not possible.....
i think Adilius07 & several others would LOVE this.
Changing TFs of all open charts to a single TF simultaneously..... it just recently became possible!
(click -->) Thanks to zznbrm!
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  #69627  
Old Jul 25, 2010 11:58am
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Quote:
Originally Posted by Jey View Post
sorry but what's FTA?
something similar has been asked (& answered) just 5 days ago.

i mean no disrespect Jey... but just gonna use your post as a 'jumping board'.
justwanna say it's unhealthy to ask redundant questions (based simply on the volume of this thread, it's highly likely that question has been answered already, right?). it's unhealthy for the person asking & this thread.
it's unhealthy for the person asking because it sort of propagates dependence. i firmly believe we all should breed & 'breathe' self-reliance. (using the Search tool is productive & efficient)
it's unhealthy for this thread, because redundant questions makes this thread much much lengthier than it should be. im sure many, including myself got discouraged to read (or start reading/learning from) this thread from the onset due to the sheer volume. (in a way, discouraging new traders to learn from this amazing thread. i know, there is another side to this, but that's beyond this post's point)

i posted this to share/teach self-reliance, not to criticize. (no need to reply, Sir Jey)
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  #69633  
Old Jul 25, 2010 2:43pm
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Quote:
Originally Posted by packhorse View Post
...
Does anyone have success in using ATR/ADR to set profit targets on Daily trades?
If so, what percentage of ATR/ADR do you use.
....
what do u mean?
base exits on ADR (Average Daily range)?
what do u mean by percentage used?
well, if i understd u correctly, of course, try & target 100% ADR (ADR depends on the pair). note that price reaches +/-100% of the ADR.
i hope u are aware that this thread is more about S/R's, & not into ADRs. (check Igrok's thread for ADR-related trading)


Quote:
Originally Posted by FibbinArchie View Post
....
Does anyone have suggestions for optimal settings and time-frame to use on a Keltner Trailing-Stop?
so far, from the posts that i've seen since last year, i have not seen anyone use it.
better to PM the trader who used that(based on the post u saw it from).
Kindly let us know for any updates.


it's 2.42AM
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  #69647  
Old Jul 25, 2010 10:49pm
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spookie94,
those are rectangles.
something related here.

if u are not familiar with MT4, then the solution is to get familiarized with it.
u dont have to worry as MT4 is user-friendly.
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  #69662  
Old Jul 26, 2010 1:19am
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jarroo,
Thanks Sir.
we have an ongoing, sort of never-ending paradox here.
-newer traders need this thread. this thread is full of information.
(people here are very generous, answering questions. but people are not robots. humans are not designed to answer the same question a hundred times without feeling anything.)
-yet it is the newer traders that make this thread EXTRA-voluminous, WAY more than it should be.
-moreover, it's the newer traders (not in general) that whine 'this thread is so HUGE'

again, not trying to criticize, just trying to spread good traits like self-reliance. ..as good traits are paramount in trading & life in general.
everyobdy should make an E-F-F-O-R-T
progress doesnt come to a person who cant do even simple tasks.
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  #69665  
Old Jul 26, 2010 4:07am
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Hello Jey,
based on what i've seen since last year (my membership), 'idle chatter' is neither encouraged nor despised. seniors here are pretty generous.
off topics when weekends near are quite common/expected.
in general, negativity is off limits to this thread. this thread has a 'dynamic police force' that makes sure negativity is minimized.
positivity is a hallmark of this thread.
having said that, james16 thread is a 'rare breed' within FF.

btw, if u think 'idle chatter' is prevalent here, then that would mean MOST of the other FF threads are mainly JUNK to u, as 'idle chatter' is relatively worse in most other threads. check them out.
i still visit threads ex-James16 thread. ask Sir mbqb11 & other seniors why they avoid/abhor visiting other threads.
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  #69667  
Old Jul 26, 2010 4:23am
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Quote:
Originally Posted by XNAdam View Post
...aww crap, I just contributed to idle chatter, didn't I? heh
Red Mage, yes u did


Hey Jey,
dont forget...
we are traders, but above all, we are humans. we have emotions.
we , we , we get etc
trading is a pretty boring & solitary business... we need to unwind from time to time. im sure ALL will agree.
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  #69672  
Old Jul 26, 2010 5:08am
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Hello Sjr,
based on my limited knowledge of this thread, your question has not been asked many times.

here are a few reasons
why one should look at these time frames
-to facilitate/expedite 'visual analysis' (with this 'custom TFs', u can easily see an 8hr pinbar; whereas in a 4H chart, u have to create 'in your mind' a 2-bar PB*)

why one shouldn't look at these time frames
-prevent potential over-analysis; breed simplicity
-same info*, just different TFs (with experience, your 'creative mind' will see this 8hr PB or 52hr BUOB almost instantly, without the use of 'custom TF charts')

the decision is up to u.
the decision depends mainly on your personality &/or experience.
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  #69675  
Old Jul 26, 2010 5:38am
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Sjr,
Yes Sir. they are actually one & the same.
u are just viewing it using two different TFs.
kind of like using a binocular telescope (4H chart) vs a monocular telescope/spotting scope (8H chart).
{i hope im quite correct with my analogy}
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  #69678  
Old Jul 26, 2010 7:27am
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Hello FibbinArchie,
u mean a 3-bar PB?
if so, yes it's possible. but dont forget, that PB has to get triggered.

a major concern is the trend. have u checked H4 & Daily? current uptrend is pretty strong. & that PB is not protruding so in a way it is not "calling out to me"/not spectacular at all.
also, if u are not familiar with S/R & PPZs, then shorting this would likely turn out to be a stressful trade.

if u are starting out, it's highly recommended to stay with H4 & up charts.

again,
review mbqb11's links.
read Cyrus summaries
view the free videos too.
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  #69681  
Old Jul 26, 2010 7:44am
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Hello fx13new,
well it looks legit.
if u look at H4 & Daily, it's not surpising for price to make a pause or even a minor retracement towards mid- to low-1.6200 or even 1.6100's..

perhaps, the questions are
-is the PB's size big enough for YOU to trade it?
-this is counter trade (in the context of the current upmove), so are u alert & prepared to take a loss/quick exit in case a downside retracement doesnt go well?

personally, i'll watch PA some more & more likely be inclined to look for buying opportunities.
Hope this helps
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  #69683  
Old Jul 26, 2010 7:53am
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Quote:
Originally Posted by FibbinArchie View Post
....
If by PPZ you mean pivots...
I take it that a trigger would have been a break of the low of the third bar?
...
Jon,
i meant PPZ as in Price Pivot Zone(price flip areas)
u are free to use pivots if u are comfortable using them.

the first & third bar's lows seem similar, price-wise.
the rule is a trade is triggered a few pips below the low (whichever is the lowest, in this case) of the Pinbar.
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  #69687  
Old Jul 26, 2010 8:04am
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Quote:
Originally Posted by FibbinArchie View Post
Thanks for the pointers, am still finding my way around FF...
u are already on 'the way'.... here.
avoid veering away, it's detrimental; just keep treading on this path. all of us here are just steps away from each other
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  #69690  
Old Jul 26, 2010 9:03am
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just browsing around the members list 'down there',
i see CFII, member since May2006.
Caesar, Dec.2005.
& fire580 Jan.2006.
WOW!

u havent posted in a long while Sirs (Caesar made a few this year; unless some/all of u had many posts 'stripped away' too)
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Last edited by supremeChaos, Jul 26, 2010 9:20am
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  #69706  
Old Jul 26, 2010 11:44am
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Quote:
Originally Posted by novice198 View Post
I thought this PB was small compared to other bars in the vicinity. ... Am i missing something or trying to be too choosy??
..
like we often say...
trading is a personal thing.

u may take trades many will take,
u may take trades some will take,
u may take trades ONLY you will take.

u will miss A LOT of trades that others here take -- that is perfectly normal.
the questions to ask yourself are:
"am i comfortable taking those trades as well?"
"do those trades fit the criteria in my personal system/method?"

Dont forget, we are here to learn, not necessarily to copy/trade others' trades. there is a big difference.
Hope this helps
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  #69747  
Old Jul 26, 2010 9:42pm
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Quote:
Originally Posted by Adilius07 View Post
Caesar, may I please ask. 4+ years trading this method still not enough to leave day job?
i know Caesar already replied....& many awesome replies too.

it is very easy to make conclusions with very little information at hand.
each person is unique (with a unique personality & circumstance), so in a way there is no 'standard'.

Quote:
Originally Posted by Adilius07 View Post
If you are running a business for 4+ years and it gives you no profit.... It is not a business it is just a game or hobby. ...
this is subject to (individual) perspective.
from the onset, many businesses consider the first +/- 2-5years as their 'breakeven phase'. i believe, that is applicable to trading too.


Quote:
Originally Posted by jdl View Post
I'm wondering...
another long time member posting
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  #69748  
Old Jul 26, 2010 9:49pm
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Quote:
Originally Posted by joelcf View Post
You know who the biggest no hopers are? Doctors! I mean, 4 years of undergrad and then 4 years of med school? And then another 2 years of interning before they start turning a profit?!
....
dont forget they specialize too (for a few more years)...

WAIT THERE'S MORE!!
here, Doctors/specialists take up nursing/caregiver courses (brought about by international demand/global aging population).
Egos crumble, sustenance reign supreme


i think we just had an intelligent, metacognitive discussion here
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  #69755  
Old Jul 26, 2010 10:17pm
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Quote:
Originally Posted by novice198 View Post
.......I was wondering whether I had really missed the whole point of PB size and location....
yes, gotcha.
being choosy/picky is great. so keep it up!


---------
to be honest, i thought u were talking about a different setup, but i was almost finish writing my post (i think it's relevant), so i posted it anyway.

Quote:
Originally Posted by novice198 View Post
...Am i missing something or trying to be too choosy??..
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  #69756  
Old Jul 26, 2010 10:23pm
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Quote:
Originally Posted by PenguinTrade View Post
For awhile I've been trying to apply J16 principles to my trading...
July: 15 trades: 12 win, 3 loss
The month isn't over, but this is quite a dramatic change.
(Hoping this month isn't a fluke haha)
that aint a fluke
'dramatic' is an understatement. u drastically made fewer trades & fewer losses. win-loss ratio has widened/wider gap too!

Keep it up
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  #69762  
Old Jul 26, 2010 11:44pm
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Quote:
Originally Posted by spookie94 View Post
possible short?
possible short? yes.
but bar is relatively small compared to prior 3 bars.
almost similar situation with gbpchf posts recently.
may or may not reach 133.70ish (38.2Fib area)
also, kindly zoom out your charts so u can see the bigger picture


Quote:
Originally Posted by Jey View Post
WoWsers!! Is it possible to get so many trades like above in Daily TF?...
Quote:
Originally Posted by PenguinTrade View Post
...
This month I decided to experiment and trade only the Daily
...



Quote:
Originally Posted by hijackxx View Post
I'd say they don't have the checklist on papers.. they have this checklist on their head..
i think several/many do this. (may or may not be so from the onset)
part of unconscious competence(must read!).
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Last edited by supremeChaos, Jul 27, 2010 12:00am
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  #69767  
Old Jul 27, 2010 12:23am
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Quote:
Originally Posted by hijackxx View Post
your chart looks good on the pair. Mine doesn't gives any interest :/
IMHO, neither is good ('good' in terms of the above context).
both charts are virtually similar, only that price aggregation (due to broker timezone difference) is slightly different.
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  #69773  
Old Jul 27, 2010 12:56am
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Quote:
Originally Posted by hijackxx View Post
Yes. That's what I meant...
no problem, Sir 'uzumaki Sasuke'
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  #69778  
Old Jul 27, 2010 2:39am
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Quote:
Originally Posted by TheMaxx View Post
... I've been cursing the fact that I can only look at the daily due to work commitments but it looks like the daily is where its at!
Cursing just after your birthday?
That's allowed

Longer timeframes = more family or work time for you
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  #69782  
Old Jul 27, 2010 4:27am
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Sjr,
yes, it looks more like a BUOB. at a higher low.
a possible (trend) continuation setup.
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  #69785  
Old Jul 27, 2010 4:36am
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Adilius07,
try PM'ing the EA owner about it.
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  #69790  
Old Jul 27, 2010 5:28am
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Quote:
Originally Posted by Muhammad989 View Post
i m waiting it close as a BEOVB and waiting to breakout sell..
Muhammad,
if 1.5450 minor PPZ gives way convincingly, then u may get a chance for price to form a BEOB later & go to your FTA.

be sure to check & keep in mind Daily & weekly chart.
in 1 of my feeds (FXDD), weekly chart shows just 1 bearish bar since June2010. pretty strong upmove, IMHO.
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  #69791  
Old Jul 27, 2010 6:07am
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Hello fx13new,
is this an H4 chart?
IMHO, upmove from 110.00 or 107's (end June2010) is still in play.
so if this bar closes as is, it could be a 'pause PB' or a pause in the current upmove.
also it is heading into/right at a PPZ (113.00 - 113.30)


kindly refer to 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.
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.

if we know its there we have several choices.
1. get out when it gets there for a small profit.
2. take a small partial profit and move the remainder to BE.
3. stay in with your total position hoping for a break and move your stop to BE.
4. Dont enter until the level has been broken.

Hope this helps
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  #69793  
Old Jul 27, 2010 6:22am
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fx13new,
so u are a se?ora from Spain
well, sometimes men & patience dont go well too

read Cyrus summaries (start with james16, mbqb11 & jarroo's posts/charts... after which u can read other seniors' posts)
view the free videos too
post #1 has tons of links too
(James16 This is Critical, too)
This will be the most time-efficient way to go through this thread.
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  #69795  
Old Jul 27, 2010 6:38am
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i see..
but it doesnt stop there.
u have to read & review posts/charts/videos repetitively until it sinks in. (u can do this as part of a daily/weekly/monthly routine)
same with patience, it takes time to develop the 'patience skill'.

everybody has a unique experience & journey towards success.
just keep at it, se?ora!
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  #69800  
Old Jul 27, 2010 7:22am
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Quote:
Originally Posted by novice198 View Post
...
It seems that the BEOB has failed.
On the other hand the current candle is forming a BUOB. ..problem is it that it is not at swing low and at best can be considered as trend continuation.
....
like fx_heaven said..
looking at your chart, it looks like the BEOB barely got triggered.
as expected, gbpusd 1.5450 mini PPZ did not break convincingly.
the eurgbp BUOB mentioned earlier also didnt get triggered (in my FXDD feed).
all this info tells me gbp strength is pretty strong.
a close today at/above 1.5500 - 1.5550 is extra bullish , IMHO.

the current forming-BUOB is like u said a potential continuation PA setup at a higher swing low/higher low. with trend so it has potential.
if u are not familiar with trading continuation PA setups, then u can try it first on demo.

btw, i replied to your email already. (thru PM; i rarely use/check email )
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  #69803  
Old Jul 27, 2010 8:14am
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Hello Pollin,
the seniors are out so i'll try to address your post.

what is your definition of 'textbook PA setup'?

if i understood your post correctly,
u are saying that PA setups taught here are not the only ways to trade. this is what u call 'general PA'.

Quote:
..But this is the thing he hasn't really taught regarding PA: if you're looking for textbook PA setups you're wasting your time. What you should learn is just the "candle wick" concept and "real time rejection"...
u have to understand this thread is primarily intended to help/teach newbies. so Sir james16 concentrates in certain PA setups (PB, BUOB etc) because they are the frequently visible & more importantly easily recognizable setups.
several here, like me, are 'tapping our creative minds' in aggregating several consecutive bars to form the PA setups we are familiar with (combining +/- 2 - 10 bars to form a PB, BUOB etc). alternatively, several use custom indicators to do this automatically (custom timeframe indicator).

"candle wick" and "real time rejection" are fairly advanced, but im sure several here do use it.

Quote:
..includes pinbars but also includes ANY candle with a half-decent wick. Forget textbook setups....
yes, any candle tells a story, not just PB with long wicks.
again, the material presented here is the most basic, easily recognizable setups, all with the newer traders in mind.

Quote:
Real time rejection = can't be seen in retrospect in completed charts
in a way, i disagree. u can see rejection in real time & in hindsight. for the latter (completed charts), u can check lower TFs to see the rejection. u can see, like u said "how fast a price gets rejected from an area and how long it holds still for as if it just cannot pierce through an area". Granted, most traders here are advised to focus on higher TFs.

make no mistake, PA & S/R is what is taught here. it is actually the heart of this thread.

u might be an advanced trader who has forgotten how it is to be a new trader.
in a way, u have several (repetitive) contradicting comments within your post
("thanking" Jim but u find what he teaches is flawed/lacking; "good but missing the point").
if i misunderstood u, please let me know. i would appreciate charts so u can show us how u see things. that will help us address your post better.
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  #69806  
Old Jul 27, 2010 9:14am
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Quote:
Originally Posted by jopollin View Post
....... I think it's time most of you guys who have done this for while to move on a little to general PA on the chart....
Just would like a bit more advanced study on this thread ...
who told u no one 'moved on' from the basics?

i have yet to see a chart from u Sir. if u are really trying to make a mark here, dont let your effort go in vain.
post a chart or better yet, open up a thread if u are genuinely dissatisfied with what's presented here.
until u 'go full circle' with this, IMHO, u will remain to have a weak argument at the end of all this.


we have one saying, translated... "finish what u have started"
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  #69812  
Old Jul 27, 2010 10:01am
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Quote:
Originally Posted by jopollin View Post
...they can be played regardless of PA. PA is a by-product of your own settings.
we hear u.
we all are eager to hear more.
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  #69842  
Old Jul 27, 2010 12:29pm
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Quote:
Originally Posted by mbqb11 View Post
Could not agree more and no statement is more true. Supply/demand is EVERYTHING.....
my internet is pissing me off. got disconnected repetitively for a few hours now (never mind my internet). i could have posted this much much earlier. the disconnection is aggravating my anxiety.

Sir jopollin comes in & post his thoughts.. i was eager to listen & sort of waiting for what he has to say... but i personally didnt hear anything new/surprising. am i correct?
jopollin, what's next, Sir? i mean is that it? have u made your point?
this is a sincere, humble question.

Quote:
Originally Posted by XNAdam View Post
I must admit I chuckled a good bit at that last question. There's about seventy thousand responses elaborating this.
what do u mean u chuckled at that question? is there a "disconnect"? personally, i didnt understand why he is asking Mike to elaborate about his performance, if he already knew Mike from inside the J16 PF.
is jopollin surprised? if he was a former J16 PF member, he shouldnt be surprised, right?
personally, im not surprised. Mike is an awesome trader, he's 1 of my models & inspirations here. i am just 1 of 100's/thousands he's helped here.

i made 4% today, with about 8% floating profit. all from today's trades (gbpchf & eurjpy; live, of course). i trade any TF, btw.
(NOTE: that is NOT my average. everyone knows im NOT consistently profitable yet; furthermore, this TINY account i opened only last April; i got 2 accounts)
my point is.... jopollin, based on your 'revelation' in your first, third & 6th post, i dont think u will be surprised with my results. or are u?


seriously, i dont get it.

there seem to be a miscommunication here between us (people in this thread) & Sir jopollin. also, possibly, jopollin isnt aware what this thread is all about (this thread is mainly basics... not so much about touch trading or the likes).

please let me remind u that English is not my first language.
can u fill me in Sir jopollin, Mike?
hope i made sense. i sincerely want to understand what was up (if anything).

Thanks!


EDIT
looks like jopollin has logged out. hope he'll be back to elaborate/clarify his posts/visit
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  #69843  
Old Jul 27, 2010 12:46pm
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Quote:
Originally Posted by mbqb11 View Post
.... I spend very little time trading.
...
Do whatever works for you guys/gals. If you are happy then I am happy haha
...
i think this post confirms my thought. Thanks Mike
perhaps, i got stoked too much by jopollin's posts

btw, if u spend little time trading, what do u do with most of your time?
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  #69846  
Old Jul 27, 2010 1:05pm
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Quote:
Originally Posted by mbqb11 View Post
haha ya good answer, great actually

.....and you should see my inbox
haha.. that's too simple an answer.
i mean outside trading,what d u do?
eat, sleep, drink beer, is that it?

man, i can only imagine your inbox size & how u handle it.
i dont get as much PM as u do, but i cant keep up with mine. i still got 'some' unread ones
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  #69851  
Old Jul 27, 2010 2:33pm
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XNAdam,
probably van tharp's "Trade your way to financial freedom"
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  #69908  
Old Jul 28, 2010 12:41am
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Quote:
Originally Posted by squeezy View Post
also look out for the size of previous bar(s) with respect to ur pa bar....
now u can use supremechaos' chocolate analog to analyse this scenario...
thanks squeezy im eating lunch in front of my PC (a typical scenario).
i just lost my appetite thanks to your post.

Hope u are doing fine.
we had a 'thread visitor' last night. u missed him..... not
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  #69910  
Old Jul 28, 2010 12:42am
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Quote:
Originally Posted by james16 View Post
It wont be up for long as i still have some work to do but come over right now....
http://www.james16group.us/Guests/guestchat.html
im way too late!
now, it says "server closed"

maybe it rejected my username:
supremeChocolate

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  #69911  
Old Jul 28, 2010 12:45am
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Quote:
Originally Posted by six gun View Post
looks like so on macd
hey Sir,
if u look ath the MACD histogram it does have divergence.
but since u are using the 'real' MACD, u are supposed to to compare the MACD signal lines (not the histogram) with price. the signal lines are making higher highs, so does price, so there is no divergence.

remember, the MACD signal lines of the 'real' MACD is equivalent to the histogram of the 'incomplete' MACD (i.e., the default MT4 MACD).
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  #69912  
Old Jul 28, 2010 12:51am
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Quote:
Originally Posted by joelcf View Post
lol. I suspect he collected enough 'plz tell me secret PA system thx' PMs and moved on to spam elsewhere.
It's a pity he didnt hang around...
right from his first post, i can see contradicting statements.
i feel dumb after all that has happened. LOL. most likely some traders laughed at my naivety.
maybe i was too nice too him.
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  #69913  
Old Jul 28, 2010 12:57am
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Quote:
Originally Posted by spookie94 View Post
How can you tell if a broker has a NY close?
Do you use MT4 on FXpro or another platform?
How? u compare the broker time to your local time or NY time

for example, FXPro closes at 00.00 which is 5pm EST/NY time
maybe u need this.
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  #69914  
Old Jul 28, 2010 1:01am
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Quote:
Originally Posted by pipmyride View Post
Havent had many great higher TF runners lately - isnt hindsight a wonderful thing...
u have to make a choice, bro.
if u like it, take the trade. face the consequence - u either win or lose.
if u dont like it, then dont trade. face the consequence, 1 of which is "dont regret a trade u didnt take".

what u could have done is
-take it on demo.
-trade a small live position.

experience it or miss it
there is no other way.


btw, in my recent post. i mentioned i traded eurjpy & gbpchf. they were runners yesterday (i made >10%,TINY account, still got 1 gbpchf position open, might get stopped out soon). for sure other pairs made some nice runs too.
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  #69915  
Old Jul 28, 2010 1:03am
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Quote:
Originally Posted by spookie94 View Post
Mike,
Where can we go to view your webinars?
free webinars here.

based on your posts, u certainly need to do a lot of reading, Sir. (i have posted that link AT LEAST 3-5 times very recently)

this is an amazingly FREE thread. take advantage of it.
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  #69917  
Old Jul 28, 2010 1:15am
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Default 4 in 1 special pizza....

Quote:
Originally Posted by Pinbar View Post
Space question.
How far back is traffic going to still be in effect?...
it depends.
there is no certainty, imho.
u just have to be aware & be prepared.

Quote:
Originally Posted by True777 View Post
How many pairs are you guys watching? I assume quite a few since the lowest you're looking to trade is 4hrs...? I have about 10 along with gold.
depends on how much YOU can handle.
u can monitor non-forex instruments too.

Quote:
Originally Posted by True777 View Post
Wow man, fxdd doesn't even have that many pairs.
...
if u want more, i'll give u more.
check the 2 links here. experiment.
try ForexUA/FOREX Ltd, XTB, WHC/Broco, LiteForex/SIG

Quote:
Originally Posted by True777 View Post
possible double pb if this candles closes like it is now? thoughts on how you would trade this?...
Please post a chart, Sir.
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  #69921  
Old Jul 28, 2010 1:36am
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Quote:
Originally Posted by XNAdam View Post
I cannot agree more on this point. Regretting a trade you didn't take will only serve to reinforce bad trading psychology.
...
oh Sir, dont get me started.

picture this:
aggressive + impatient + regretful =
i still have these negative traits but through practice, experience & my stay in this thread for more than a year, my patience shot up dramatically.
i had no choice

i want to succeed, so i got to make the right decisions, the right moves.
how slow or fast we do the right things, in a way, is irrelevant; what matters more is we do it

IMHO, this thread is GOLD. the seniors here are ANGELS. again, it's a FREE thread. we have to benefit from it & we have to continually spread the word about it.
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  #69922  
Old Jul 28, 2010 1:49am
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Quote:
Originally Posted by pipmyride View Post
I agree bro but i am only human .. it kinda annoys me when the books say to trade emotion free - we are only human that is not possible .. of course it is HOW we CONTROL the emotion that makes us professional .....
"emotion free" is just a figurative phrase.
the correct term would be "minimize" (the effect of emotions, thru constant practice & experience).

most books are just repetitive regurgitation or a redundant marketing ploy.

btw, "i am only human" --- personally, i think that is not a good excuse.

think about it.

i see a potential setup. i did not trade it. so why should i regret it?
personally, it doesnt make any sense.

take a trade - face the consequence.
dont take it, face the consequence.
be responsible for your wins & losses. dont make any excuse.

i firmly believe, using 'hindsight' as an excuse is very newbie-ish, in a psychological level.

Food for thought. (in my case, 'chocolate for the mind' )
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  #69925  
Old Jul 28, 2010 2:19am
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Quote:
Originally Posted by novice198 View Post
SC,
I thought by now you would have known that most of his time...
why would i leave it? i love it here.
i answer only the easy questions. because that's all i know & can answer.
btw, im just a senior newbie, bro.

i am a Boy Scout.
if i remember right, part of the "Scout's Code" is to "help other people at all times".
i cant explain it. it's in my blood. i cant help but help, if that makes sense.

i will only leave if i quit trading. i dont see that happening.


-------------
or maybe i'll leave if i become a millionaire?


maybe not. (just like some people here)


******
btw, if they leave. they have left us a great thread to read & learn from.
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  #69926  
Old Jul 28, 2010 2:22am
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Quote:
Originally Posted by Pinbar View Post
..That PB has bounced off the FTA and is testing the bottom of the PB. Maybe the LO will push it lower but I have my doubts about this one.
yes, 0.7300 could be the 'make or break' PPZ (price either breaks it & moves down, or price bounces of it & continues upward).

monitor & act accordingly.
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  #69928  
Old Jul 28, 2010 2:40am
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True777,
i see.
nice rejection off of 1.0370 PPZ & possibly even 1.0400 round number.
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  #69934  
Old Jul 28, 2010 4:01am
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i knowFriday is days away.... but
have a laugh guys
thanks to frankkn


Quote:
Originally Posted by pipmyride View Post
While it looks like genius in hindsight, u dont "touch trade" off a MA....
correct me if im wrong...
i believe Sir James16 mentioned 'touch trading off an MA' in 1 of his videos.


Quote:
Originally Posted by Cyrus View Post
heya matie.
could I throw in some of my favourite quotes?...
with pleasure & in anticipation, bro
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  #69937  
Old Jul 28, 2010 4:16am
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Quote:
Originally Posted by six gun View Post
This is quite possible....
yes, i believe so it is.
the key words are experience & discretion: which touches to take or avoid
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  #69941  
Old Jul 28, 2010 4:41am
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Hello six gun,
sorry if i didnt explain it clearly.
try this links. here, here(May25 post), here, here, here

check pipmyride's post prior yours. he used the same MACD u used. & he plotted it like the way u did.

to be clear, im not saying that plotting method (plotting divergence on the 'real' MACD's histogram) has no merit.
im just saying plotting div on 'real' MACD histogram is different from plotting div. on the 'incomplete'/'usual' MACD's histogram.
u should be aware of the difference: dont go mixing it up.

Hope this clears it up. Let me know if it didnt
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  #69944  
Old Jul 28, 2010 5:56am
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Quote:
Originally Posted by six gun View Post
This does not make sense to me.
...
sorry, i missed the last part of your post.

Quote:
If I removed these lines so it is like the MACD used most of the time here, would you say there is divergence?
to answer your Q, yes.
but like i said, your MACD (the 'real'MACD) is slightly different from the 'usual' MACD.
Quote:
Is there something different about my MACD indicator?
yes, there is.
'real' MACD's histogram is NOT the same as 'usual' MACD's histogram.
'real' MACD's signal lines (the two lines non-existent in the latter) IS exactly 'usual' MACD's histogram. they are just presented differently (signal lines for 'real'MACD = histogram in 'usual' MACD.)

Quote:
Most people don't have the lines so is their indicator incomplete and so potentially wrong?
not necessarily.

hope this adds clarity.
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Old Jul 28, 2010 5:59am
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Quote:
Originally Posted by ghous View Post
felt I had to share this:
Yesterday around twilight time a plane carrying 157 passengers, men, women, children and oldies crashed into the hilly area of Margalla in Islamabad, here in Pakistan.
Accidents happen all the time...

a million prayers for them, ghous.
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Old Jul 28, 2010 6:00am
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Quote:
Originally Posted by six gun View Post
So I need another MACD to be like the majority?
no Sir.
like i said in the other post, u just have to be aware of the difference & u just have to use 1 or the other consistently.

like in many things, 'what works for you'
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Old Jul 28, 2010 6:14am
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Quote:
Originally Posted by stewrigh View Post
There is another consideration with the psychology of missed trades which is also very important IMO..
stewrigh,
agree, Sir.

to me, what u said is part of the 'consequences' & bad 'cycle'.
in short, like XNAdam said, it "reinforces bad trading psychology"
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  #69998  
Old Jul 28, 2010 3:04pm
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Hey Bill,
why are u trying to open/download it to Metaeditor?
do u wanna look at the code/programming?

what u saw, i think it's natural, because u are dealing with an .ex4 file. that is the compiled version of the indicator.
u need the .mq4 if u wanna see how the code was written. of course, the .mq4 is exclusive to atclarkson (EA owner).

Hope that helps


EDIT:
i havent used this EA.
if u just wanna use the EA. save it on the experts folder. then restart MT4.
once MT4 is restarted... u should find it under "Expert Advisors".
either drag it to a chart or
right click the EA & choose 'attach to chart'
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  #70030  
Old Jul 28, 2010 10:25pm
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Quote:
Originally Posted by Dan Gilbert View Post
don't try to pick the way it will go bro.
I seriously have about a 10% accuracy rate...
Winston knows his thing, he's a genius like u, bro.

well, if u add confluence (like trend, S/R, Fib; i only got 4hrs sleep, cant think of anything else) for sure u will up your accuracy rate.
& i think it's too early to say that u have a low acc. rate. i know u are much better than that.
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  #70033  
Old Jul 28, 2010 11:18pm
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awesome, Dan!

aside from 1.3000 VBRN, another reason why we are at a pause, imho, is that we had a generous upmove since June. pauses/retracements are warranted & expected.

"retired predictor" huh?
well, 1 very good thing about that kind of mindset is u clear up your mind (u have no bias) & u can act accordingly/react quickly.
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  #70049  
Old Jul 28, 2010 11:54pm
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Quote:
Originally Posted by kcardinalis View Post
Hello Everyone!....
What pairs have you all found the greatest quantity of profitable set ups on? Specifically on the daily timeframe? I've backtested the GBP/JPY to good effect. I'm backtesting the GBP/CHF now and only finding about half as many good trades but it is otherwise OK. I've come to realize though that I am extremely picky about entering trades; my win percentage tends to be good, but I don't have very many trades. Thus I need to trade more pairs.
Hello Kyla,
IMHO, quality (better/best setups) is preferred over quantity (number of profitable setups).

also, i think, there are factors at play.
-spread (a pair may have a lot of good setups, but the spread is too wide)
- liquidity & volatility (a pair might be too quiet or whippy for your taste)
-chart time. a pair may have a lot of good setups, but u are not around enough to take advantage of it
-most importantly, YOUR risk profile, comfort. a pair may have a lot of good setups, but the pair is NOT in tune with your personality/risk profile/personal comfort. then, the quantity becomes highly immaterial.

being picky is great! keep it up & Keep posting!
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  #70052  
Old Jul 28, 2010 11:59pm
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Quote:
Originally Posted by spookie94 View Post
Has anyone else noticed the Weekly on GBP/CAD?
...
i'll have to check my other MT4 for this. (no gbpcad on FXDD)
but looks interesting, Sir.

multiple bar high break or possible breakout + pullback.

keep us updated, just in case
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  #70053  
Old Jul 29, 2010 12:04am
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Quote:
Originally Posted by Pinbar View Post
The NZD/USD PB broke but did fell into trouble at the FTA area 0.7200 and the 23.6 fibo....That said it is Friday and profit taking may bring it down again.
...
my initial thought is that... it's only Thursday.
i know Japan is just 1 hour ahead of us here, not 1 day ahead..heheh

so 0.7300 did break convincingly huh.
see if the downmove still has energy or it's just a retracement.
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  #70057  
Old Jul 29, 2010 12:31am
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Quote:
Originally Posted by Pinbar View Post
Yes...
Hmm, so this kind of hints that it may be ok to drop down a TF to look for confirmation of a daily setup such as this.
What do you guys think about this methodology?
....
the answer is:

if it adds value...
if it's beneficial (rather than detrimental)...
if it works for YOU...
go for it
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  #70062  
Old Jul 29, 2010 1:27am
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Quote:
Originally Posted by Pinbar View Post
SC, I was rather asking that question from a more general point of view.
At this stage, I am hardly the one to decide these things.
....
yes, that was a general but at the same time a specific reply.

yes, it may not be the right time for u to decide & try this methodology...
but eventually u will have to decide if it's for u or not.


Quote:
Originally Posted by True777 View Post
we had 3 pbs in a row, although that shows that level/trendline is holding, isn't a negative sign that price didn't bounce off that level with the first pb and continue with momentum up, but came back down 2 more times?
try & reverse that thought.
it is actually an extra bullish confirmation.

3 consecutive PBs = 3x the demand & 3x the rejection
(of course, what happens next is entirely up to the market.)

Quote:
...isn't a negative sign that price didn't bounce off that level with the first pb and continue with momentum up.
remember, the market does only 3 things:
move up
move down
range
the market does not go straight up or straight down
a PB (or any PA setup) that breaks hard doesnt happen all the time. but of course that's how we want it all the time, right? LOL
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  #70068  
Old Jul 29, 2010 2:11am
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Quote:
Originally Posted by True777 View Post
Chaos, I think I've always read/heard that if price bounces off a level, but comes back not long after to retest it is showing that that level isn't as strong as if price were to bounce off of it and really move away from it, not true?
if i understood correctly what u just said, yes it is true.
but that is not always the case. price doesnt always bounce hard after hitting a strong level. sometimes, it just means price is not yet ready to move in 1 direction (reread my earlier post)

the answer lies in the supply & demand balance (or imbalance).
in audusd's case, the 3 PB's showed up.
price did not move up after the first PB (contrary to what u expected to happen), but 2 bars (PB's) later, price did not go down. there was demand in that area (the 3 PB's show this; PB lower wicks = demand).
if u look at the chart now, price is now a bit higher (0.8977ish vs 0.8957 earlier) & to me, that means it has validated that there was demand earlier (demand was greater than supply = price went up).

Hope this clarifies it a bit for u
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  #70078  
Old Jul 29, 2010 5:09am
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for anyone interested....
http://www.olsenblog.com/
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  #70081  
Old Jul 29, 2010 6:11am
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Quote:
Originally Posted by eswap0 View Post
For me it was a trade to the opposite side.
...
Hahah.. cant wait for the breakout, huh? trading before the breakout happens...
nothing wrong with that.
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  #70088  
Old Jul 29, 2010 7:29am
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gbpchf mini uptrend vs. trend exhaustion

result:
trend exhaustion = 1 point
with a dose of patience & persistence, exhaustion gave way to the price drop.
i think other gbp crosses moved down too

H1 MACD bearish divergence
H3 (Oanda) BEOB right at 1.6500 RN. in FXDD, H4 shows a PB looking BEOB (like the ones seen here & here)
4 blue horizontal lines were/are the targets.
Click image for larger version

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  #70180  
Old Jul 29, 2010 9:48pm
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Quote:
Originally Posted by james16 View Post
yeah that old mike he is one sharp guy when it comes to chat rooms.
that must explain why he types SO fast...
he must be a chat room guy before, heheh
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  #70181  
Old Jul 29, 2010 10:22pm
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Quote:
Originally Posted by Atc View Post
....
Could someone pm me so I could ask a few questions about the J16Manager?
...
for questions, go & directly PM atclarkson (J16 EA owner)
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  #70204  
Old Jul 30, 2010 3:09am
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Pinbar,
based on your chart & aserbfx's, the lower wicks are not too long. compare the wicks here (chart on #70059). the longer the wick, the better.

having said that, if price cant drop to 1.0300-50 or below, this chart looks bullish to me. towards 1.0400, & perhaps 1.0500.
Let's see
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  #70207  
Old Jul 30, 2010 4:53am
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Pinbar,
not really.
if u read back, i mentioned "if price cant drop to 1.0300-50 or below, this chart looks bullish to me". i see weakness, but essentially price is in a 1.0300 - 1.0400 range right now. further weakness below 1.0300, is possible.

EDIT (removed, see below)
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Last edited by supremeChaos, Jul 30, 2010 5:04am Reason: ooops, jusd noticed your first chart & aserbfx's look the same, 1.0350ish, LOL... crappy internet!!!
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  #70210  
Old Jul 30, 2010 5:52am
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Welcome The Hare,
Keep posting, Sir!


for those who just woke up.
J16 now has a chatroom.
hang out & just chill. it's Friday, guys
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  #70212  
Old Jul 30, 2010 6:34am
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Pinbar,
yes breakout with PA, ideally.
breakout & pullback +PA to be safer.
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  #70215  
Old Jul 30, 2010 6:52am
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everydayguid,
try this & this?

wow, bad experience. my hard disk (other PC) probably crashed too. i havent confirmed yet.
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  #70217  
Old Jul 30, 2010 7:12am
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i've had blue screens already (BSOD).
i havent opened that PC since then.
hopefully it's not a hard drive crash.
Thanks, Sir!
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  #70223  
Old Jul 30, 2010 8:24am
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Quote:
Originally Posted by Donkey View Post
I demo traded a small, bearish daily IPB last night off of the 1.6200...
i think u played that well.
i remember eswapo traded that too.

continue practice trading it, if u are into IPBs.
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  #70224  
Old Jul 30, 2010 8:25am
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Quote:
Originally Posted by six gun View Post
I just read this on a forum.
It is for the UK but you can put US and change the numbers I'm sure.
LOL.
everyone's in a mess right now.
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  #70256  
Old Jul 31, 2010 1:00am
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Quote:
Originally Posted by ghous View Post
We had a great looking one on Ej a couple of years ago on the weekly....
interesting chart ghous.
the bar after the IPB (which looks like an IPB too!) made a higher high. so i guess this is a special case wherein u should use a much higher stop (slightly above 170.00 RN).
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  #70269  
Old Jul 31, 2010 7:07am
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Quote:
Originally Posted by jarroo View Post
....
Even though you don't post much here any more, you are still very much on our minds . .well on my mind at least . . .good too see you again.
i share your thoughts about him, Sir.
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  #70334  
Old Aug 1, 2010 11:36pm
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Quote:
Originally Posted by slade1986 View Post
Ok, on June 8th I starting strictly trading james16 on a micro acct...
Quote:
Originally Posted by slade1986 View Post
Thank you, Mike and Jim......
born in 1986?
Keep it up Sir
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Last edited by supremeChaos, Aug 1, 2010 11:46pm
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  #70341  
Old Aug 2, 2010 4:22am
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everydayguid,
not necessarily a bad joke.
our brain works like a muscle.
when we repeat an activity many times, the muscle grows (brain cells make more connections)

u can say james16 thread is a mind gym.
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  #70344  
Old Aug 2, 2010 4:51am
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Quote:
Originally Posted by mihazupan1 View Post
...
I've seen there's been a lot of talking about free trade...
Jarroo's free trade approach:.
u take (partial) profit on X amount. then u move your SL (for remaining position) to a value equal to that X amount. if your stop at X is hit, worst case scenario is ZERO loss (because X profit - X loss = 0); best scenario is your trade (remaining position) goes to the moon.

jarroo's posts will help u understand it much better.
here, here, here, here, here
check out joelcf's related post too.
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Last edited by supremeChaos, Aug 2, 2010 5:24am
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  #70349  
Old Aug 2, 2010 5:59am
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Quote:
Originally Posted by ghous View Post
If I may...
I always take full profit at the low/high of the IPB,....
Here's an example of an IPB doing wonders beyond it's low.
...
Quote:
Originally Posted by Adilius07 View Post
..Would you also use the same free trade approach on the IPB setup?...
like any PA setup, some IPBs go 'to the moon' too.
in other words, u can trade it as if it were a regular PB -- if possible, leave some position open to take advantage of runs.
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  #70398  
Old Aug 2, 2010 10:09pm
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Quote:
Originally Posted by mistersimple View Post
thanks mike
and if u look like this
i hope u are aware that harmonic patterns do not always work. any way, that is beyond the scope of this thread.
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  #70399  
Old Aug 2, 2010 10:19pm
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Quote:
Originally Posted by Autumm View Post
...
Have anyone here through experience with both explain which is better? For example if prices move through the eye, the chances of it hitting stoploss is almost certain?
imho, every trade's risk management can be different. & several factors dictate which one u should use..
factors like location, size of PA setup, price situation (trending or ranging).

aside from your comfort level (&/or risk appetite), these factors will dictate which of the two is appropriate. u have to try/test & find out yourself.

for those starting out, IMHO, they should start with stop losses on the other end of the PB. then make some adjustments/testings as experience grows. (goes without saying proper money management should be implemented all throughout this process)

Hope this helps
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  #70406  
Old Aug 2, 2010 11:17pm
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Quote:
Originally Posted by Autumm View Post
....
From your comments i gather that if it is a A+ trade...
Quote:
Originally Posted by Autumm View Post
i have seen many less than perfect trades(A+) do their thing by knowing where the FTA are and managing it appropriately and i would love to be able to trade them.
...
nice post from joel...

sometimes A+ setups get big retracements before getting a big move. sometimes A+ setups get little to zero drawdown.

u can also apply "SL to BE" &/or jarroo's free trade approach (see my recent jarroo/joelcf post) in your risk management tests.

i hope u find what's right for u.

Quote:
Originally Posted by joelcf View Post
...
But, as SC said, horses for courses and all that.
& chocolates for my mouth LOL
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