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Trade what you see NOT what you expect

  • #22,781
  • Aug 14, 2009 11:42am Aug 14, 2009 11:42am
looks like we might have one of those early Friday closes judging by the slow movement now. So for that reason I wish everyone a good weekend and good rest for next week
'The past will always show us the future'
  • #22,782
  • Aug 14, 2009 11:42am Aug 14, 2009 11:42am
Quoting KENNETH lEE
Posted this a week ago or so..
Much appreciated.

Where do we find this and more...
at FF j16 thread sifting through the 41,000+ posts?

Looking to learn basic and intermediate PA.

Dr. D.
  • #22,783
  • Aug 14, 2009 11:44am Aug 14, 2009 11:44am
what ken said lol!!!

a beob is a bearish outside bar and in longer term price analysis it is a bearish "pattern" so when i see a beob on the h4 i know long term price action traders are going to be looking short. on the daily from yesterday we have a pin bar which means price tried to move higher but the buyers didn't have enough steam to keep price up and the sellers came in and pushed the price down. and so the bears are in control of the market at that point. pa trader will look for price to drop lower than that pin bars low and potentially to the 6400 level coz that is the nearest strong support level (providing the break of 6500 level which would also break the low of that pinbar)

So what i am suggesting is if 6500 breaks with any conviction either now or monday than i would see price going to the 6400 level that is my longer timeframe outlook and it is supported by that daily pinbar and the 4h beob. if this is the case i will be looking to short her on all of her bounces and yes ken that means compounding into the positions which is what i seem to be comfortable with.

Anyway guys and gals I hope everyone has a fantastic weekend, John
  • #22,784
  • Aug 14, 2009 11:46am Aug 14, 2009 11:46am
Quoting fourxtrader
Much appreciated.

Where do we find this and more...
at FF j16 thread sifting through the 41,000+ posts?

Dr. D.

Actually I found it on baby Pips.. someone posted it there and EO and Infinty use that terminology so I posted here. Without James text..

Send me a Pm with your E-mail I will send you some stuff.. Ken
Good Trading To All ; Ken Lee
  • #22,785
  • Aug 14, 2009 11:46am Aug 14, 2009 11:46am
Quoting johnnykanoo
what ken said lol!!!

a beob is a bearish outside bar and in longer term price analysis it is a bearish "pattern" so when i see a beob on the h4 i know long term price action traders are going to be looking short. on the daily from yesterday we have a pin bar which means price tried to move higher but the buyers didn't have enough steam to keep price up and the sellers came in and pushed the price down. and so the bears are in control of the market at that point. pa trader will look for price to drop lower than that pin bars low and potentially...
Thanks John, and to you I ask the
same question. Where is a good place
to learn basic / intermediate PA?

Dr. D.
  • #22,786
  • Aug 14, 2009 11:49am Aug 14, 2009 11:49am
Quoting KENNETH lEE
Posted this a week ago or so..
This pictorial has my vote for inclusion in the new pdf. Great work there, Ken!!
  • #22,787
  • Aug 14, 2009 11:52am Aug 14, 2009 11:52am
Quoting KENNETH lEE
Actually I found it on baby Pips.. someone posted it there and EO and Infinty use that terminology so I posted here. Without James text..

Send me a Pm with your E-mail I will send you some stuff.. Ken
Sent you a PM
  • #22,788
  • Aug 14, 2009 11:59am Aug 14, 2009 11:59am
On the J16 thread I know there are thousands of pages and tens of thousands of posts, but the only things I found I needed from there were James16's original posts and charts which showed just about every pattern he looked at on different time frames and different markets. Read those and you will be very well setup, no need to plough through the whole thread.
  • #22,789
  • Aug 14, 2009 11:59am Aug 14, 2009 11:59am
here is some pa stuff from the j16 public thread. hope this helps.
Attached File(s)
File Type: pdf Pin bars-introduction.pdf   175 KB | 416 downloads
File Type: pdf Pin bars-advanced.pdf   113 KB | 419 downloads
File Type: pdf Poster.pdf   1.3 MB | 524 downloads
  • #22,790
  • Aug 14, 2009 12:00pm Aug 14, 2009 12:00pm
Quoting daffy
This pictorial has my vote for inclusion in the new pdf. Great work there, Ken!!
Agreed! Add my vote.
  • #22,791
  • Aug 14, 2009 12:11pm Aug 14, 2009 12:11pm
Quoting daffy
This pictorial has my vote for inclusion in the new pdf. Great work there, Ken!!
Thank James I am just a collector of information and dole it out as needed..
Good Trading To All ; Ken Lee
  • #22,792
  • Aug 14, 2009 12:27pm Aug 14, 2009 12:27pm
I want the boat with a pole and a DJ.


Inserted Video
  • #22,793
  • Aug 14, 2009 12:34pm Aug 14, 2009 12:34pm
Back from lunch and I'm glad to see my shorts are stil marching on!

I hope some people got in off the m15 21. If not the 21, then atleast the pin that it gave after it touched it.
Just digging in the trenches like everyone else!
  • #22,794
  • Aug 14, 2009 12:35pm Aug 14, 2009 12:35pm
Quoting PippiNole
I want the boat with a pole and a DJ.


http://www.youtube.com/watch?v=PhjvpGt4r44
Okay...you keep the boat and DJ. I'll take the women. Throw in a winning powerball ticket and it's party time until they close the coffin lid on me.

Hi, my name is Barry and you can keep your doctor...
  • #22,795
  • Aug 14, 2009 12:40pm Aug 14, 2009 12:40pm
Quoting cisco
Okay...you keep the boat and DJ. I'll take the women. Throw in a winning powerball ticket and it's party time until they close the coffin lid on me.


While you're taking all night to get warmed up I'll handle the business with the women. EO can you hook a brother up with some vitamin V.
  • #22,796
  • Aug 14, 2009 12:41pm Aug 14, 2009 12:41pm
Quoting PippiNole

While you're taking all night to get warmed up I'll handle the business with the women. EO can you hook a brother up with some vitamin V.
I've got you covered!
Just digging in the trenches like everyone else!
  • #22,797
  • Aug 14, 2009 12:43pm Aug 14, 2009 12:43pm
For those still sqeezing the last bit of pips out, don't forget the prior PA on the m15. There are buyers in this area down to 6489, careful going short at this price.
Just digging in the trenches like everyone else!
  • #22,798
  • Aug 14, 2009 12:44pm Aug 14, 2009 12:44pm
Quoting PippiNole

While you're taking all night to get warmed up I'll handle the business with the women. EO can you hook a brother up with some vitamin V.
Brotha...Even at my advanced age I don't need the vitamin V.
Hi, my name is Barry and you can keep your doctor...
  • #22,799
  • Aug 14, 2009 12:47pm Aug 14, 2009 12:47pm
Quoting cisco
Brotha...Even at my advanced age I don't need the vitamin V.
  • #22,800
  • Aug 14, 2009 12:51pm Aug 14, 2009 12:51pm
Are we going lower or forming a double bottom?
Hi, my name is Barry and you can keep your doctor...
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