Hi, catched this aj 8hours hammer. Final destination 74.5 with many pt along the way.
Pipspeed
Pipspeed
Attached Image (click to enlarge)
james16 Chart Thread
- #39,842
- Aug 4, 2009 2:46am Aug 4, 2009 2:46am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
Cyrus,
well-said. I hope u'll continue to post here while u continually absorb the knowledge within the PF.
I, for one, expect your progress to come sooner or later ---it's all in your hands. if u keep an open mind & continue to learn&practice, nothing is impossible, right
Good luck!
well-said. I hope u'll continue to post here while u continually absorb the knowledge within the PF.
I, for one, expect your progress to come sooner or later ---it's all in your hands. if u keep an open mind & continue to learn&practice, nothing is impossible, right
Good luck!
- #39,845
- Aug 4, 2009 3:23am Aug 4, 2009 3:23am
Took this BEOVB trade on EURUSD H4.
Is there anything I should have looked out for or why I should not go into this trade?
Thanks and looking forward to advice.
Just trying to help
- #39,849
- Aug 4, 2009 6:04am Aug 4, 2009 6:04am
Thanks oltciter, I understand you perfectly. Unfortunately, that just moves the entire mt4 program to the different monitor and doesn't really separate the charts out between screens.
cheers
skype: ststroud. let's talk trading.
- #39,850
- Aug 4, 2009 6:06am Aug 4, 2009 6:06am
This should be a page 1 quote.
If only more people thought like that! Take good bars in good places, watch for trouble areas and let the money sort itself out.
Not that risk management isnt important - it just doesnt need to be overcomplicated like some people end up doing. My basic rule is 'dont act a fool'.
Risking 1000 pips for a 20 pip gain? Dumb.
Risking 50 for a trade that will almost certainly hit 30, probably hit 65 and possibly shoot off to 100+? Seems fine to me, even if some of the 'strict' interpretations of r:R would tell...
skype: ststroud. let's talk trading.
- #39,851
- Aug 4, 2009 6:16am Aug 4, 2009 6:16am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
@joelcf
Dude, seriously, that was one terrific post. Especially the real world explanations about WHY s/r and numbers work.
Quite frankly, I am very happy I never needed a "real world equivalent" (to chart s/r) explanation - just as I don't need randomly invented "fundy excuses for 30 pip squirts"(as a friend would say) every day - but your post was highly interesting to read nonetheless.
If it weren't so unhealthy I would say that coffee did good
Although my main worry is most folks took exactly one sentence from your post:
All the best,
Seeking
Dude, seriously, that was one terrific post. Especially the real world explanations about WHY s/r and numbers work.
Quite frankly, I am very happy I never needed a "real world equivalent" (to chart s/r) explanation - just as I don't need randomly invented "fundy excuses for 30 pip squirts"(as a friend would say) every day - but your post was highly interesting to read nonetheless.
If it weren't so unhealthy I would say that coffee did good
Although my main worry is most folks took exactly one sentence from your post:
One guy I have beers with every now and then works on a forex desk, and trades nothing but pinbars and s/r levels. And drives an Aston Martin.
All the best,
Seeking
Trust price. Know yourself.
- #39,853
- Aug 4, 2009 6:27am Aug 4, 2009 6:27am
- | Joined Sep 2006 | Status: Mean Lean Pip Grabbin' Machine | 248 Posts
Does anyone use multiple displays with MT4? I've got 3 but can't seem to get charts to the different monitors. Any help would be appreciated.
what i used to do was run more than one instance of mt4. if you download mt4 to a different location you can open more than one up at once and put an instance of mt4 in each monitor.
when you download mt4 it will ask you what file do you want to save it in
for example "C
rogram FilesInterbank FX Trader 4terminal.exe"there you would change it to "C
rogram FilesInterbank version 2terminal.exe" or something like thathope this helps you, john
- #39,854
- Aug 4, 2009 6:43am Aug 4, 2009 6:43am
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
Although my main worry is most folks took exactly one sentence from your post: "One guy I have beers with every now and then works on a forex desk, and trades nothing but pinbars and s/r levels. And drives an Aston Martin."
Bundy's status today: "Waiting..."
- #39,856
- Aug 4, 2009 7:48am Aug 4, 2009 7:48am
Guys just wondering if there is a post in this LONG LONG THREAD of how you guys set up your charts daily.
Like for example:
Daily Fibs are looked for on the D1 and W1 time frame
PPZ on D1 and W1 are drawn
Trendlines are drawn
Pivots added in
Confluence located and marked out.
etc etc
Anyone knows?
Does the PF have these steps?
of how you guys set up your charts daily.Like for example:
Daily Fibs are looked for on the D1 and W1 time frame
PPZ on D1 and W1 are drawn
Trendlines are drawn
Pivots added in
Confluence located and marked out.
etc etc
Anyone knows?
Does the PF have these steps?
- #39,858
- Aug 4, 2009 7:58am Aug 4, 2009 7:58am
- Joined Jun 2006 | Status: Vivere! | 1,034 Posts
is it me?.... or is there very little out there?
Watch carefully this week - It seems that we are getting ready to move again.
I'm pretty much done with all this ...
- #39,859
- Aug 4, 2009 7:58am Aug 4, 2009 7:58am
- | Joined Jan 2009 | Status: Trader | 1,036 Posts
Guys just wondering if there is a post in this LONG LONG THREAD
Like for example:
Daily Fibs are looked for on the D1 and W1 time frame
PPZ on D1 and W1 are drawn
Trendlines are drawn
Pivots added in
Confluence located and marked out.
etc etc
Anyone knows?
Does the PF have these steps?
I do most of the setting up of my charts on weekends. I review where my weekly/daily ppz are and add/remove/update them as necessary. I also go through each chart specifically marking round numbers if it is near price. I'll also throw in an occasional trendline (getting more practice at this currently). Finally, I'll go through each chart looking at the latest weekly and daily close to see if there is anything worth risking money for on Sunday night...
I only add FIBS and look for divergence AFTER I have found a good PA at a marked PPZ... keeps my charts simpler. I have never used floor pivots on forex and never intend to.
To me there is a little heirarchy:
1. Location (PPZ) (includes how much space/traffic is there)(Round numbers)
2. PA at the location
3. FIBS, Divergence, Trendlines, EMAs (not currently using), etc.
I need both 1. and 2. in order to bother looking at 3.
I can't comment on the pf as I'm not a member. Hope this helps and happy trading!
Josh