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Attachments: Trading "The Constrictor"
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Trading "The Constrictor"

  • #161
  • Aug 27, 2010 5:37pm Aug 27, 2010 5:37pm
Quoting msmarple
Hello Ghous,

just noticed your thread, really good. I have been reading every post on J16 for many weeks/months and saw your great progress.

I`m subscribed, all the best to you......

Thank you.
Hey MS, thnx a lot man!

Quoting mihazupan1
Thanks for keeping me busy with a new bunch of videos for the weekend

Just realized you're the same age as myself. Big kudos man!
Those videos did take a big chunk out of me lol, but if it can help anyone...even one of you out there it's all worth it.

Quoting calderone
Thanks for the videos.
you are welcome calderone.

g.
I believe . . .
  • #162
  • Aug 27, 2010 5:41pm Aug 27, 2010 5:41pm
I have my closes on the 2 daily setups.

g.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurnzdd.gif Size: 39 KB
I believe . . .
  • #163
  • Aug 28, 2010 12:13pm Aug 28, 2010 12:13pm
I love price action, I've set up a template with the constrictor to follow along.
  • #164
  • Aug 28, 2010 8:34pm Aug 28, 2010 8:34pm
hi ghous,..

i have been reading all the pages from this room,...
i have entry long for the EU and GU on Friday trading day, and still open the trade would you please advise on the chart attached eu and gu if i need close on Monday open or still hold the long and how about my sl could your advise too if this the correct way to put the sl on the bellow low point... your advise is very much appreciated for me to learning from this room,

cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu4hr.gif Size: 26 KB
Click to Enlarge Name: eu4hr.gif Size: 25 KB
  • #165
  • Aug 28, 2010 8:52pm Aug 28, 2010 8:52pm
Quoting mrhb30jr
hi ghous,..

i have been reading all the pages from this room,...
i have entry long for the EU and GU on Friday trading day, and still open the trade would you please advise on the chart attached eu and gu if i need close on Monday open or still hold the long and how about my sl could your advise too if this the correct way to put the sl on the bellow low point... your advise is very much appreciated for me to learning from this room,

cheers
Hey M, would those be j16 trades? Don't see any constrictor system dynamics at work here...

I for one would never take these outside bars even as J16 trades. First you should always wait for the break of the bars when trading the J16 way. The close on both those bars was very weak (both closed well below their highs) and there wasn't anything going in terms of "the over all story" goin' on on those pairs. If you see closely enough you would know why those bars closed the way they did. They found resistance at the trafficky areas just above them.

Now that you are in these trades though I'd advise a pull out at BE otherwise cut out for a small loss.

You know you'd do great if you would just stop by the James16thread, if you're interested in learning better how these PA bars are taken by us in the j16 world.

g.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 38 KB
Click to Enlarge Name: gu.gif Size: 38 KB
I believe . . .
  • #166
  • Aug 28, 2010 11:24pm Aug 28, 2010 11:24pm
Quoting ghous
Hey M, would those be j16 trades? Don't see any constrictor system dynamics at work here...

I for one would never take these outside bars even as J16 trades. First you should always wait for the break of the bars when trading the J16 way. The close on both those bars was very weak (both closed well below their highs) and there wasn't anything going in terms of "the over all story" goin' on on those pairs. If you see closely enough you would know why those bars closed the way they did. They found resistance at the trafficky areas just above them.

Now...

Hi Ghous

Thanks for your advise, if i have any inquiry,question regarding the trade in my learning about J16, would you mind give the advise and allow me to post in here...

thanks ghous

brgds,
  • #167
  • Aug 29, 2010 7:33am Aug 29, 2010 7:33am
Quoting mrhb30jr
Hi Ghous

Thanks for your advise, if i have any inquiry,question regarding the trade in my learning about J16, would you mind give the advise and allow me to post in here...

thanks ghous

brgds,
I won't mind a teeny tiny bit.

g.
I believe . . .
  • #168
  • Aug 29, 2010 12:37pm Aug 29, 2010 12:37pm
hi ghous,can you please post a template?thanks
  • #169
  • Aug 29, 2010 5:03pm Aug 29, 2010 5:03pm
Quoting ayour2a
hi ghous,can you please post a template?thanks
Here you go Ayor, my indis and template.

g.
Attached File(s)
File Type: tpl constrictor.tpl   6 KB | 297 downloads
File Type: ex4 Clock v1_2.ex4   13 KB | 289 downloads
File Type: ex4 MA_Shade.ex4   2 KB | 335 downloads
I believe . . .
  • #170
  • Aug 29, 2010 9:38pm Aug 29, 2010 9:38pm
Hey Ghous,

I noticed this developing BEOB ET3 bar on the EURJPY Daily chart, but I think the FTA is too close, and the small pinbar on the weekly chart may indicate that price may make a move up to the 21 EMA. What do you think about this ET3 setup if the BEOB trigger bar has a strong close?

Thanks.

Shep.

http://content.screencast.com/users/...0/00000012.png

http://content.screencast.com/users/...c/00000013.png
"Dare to live the life you have dreamed for yourself. Go forward and make y
  • #171
  • Aug 29, 2010 9:51pm Aug 29, 2010 9:51pm
Quoting shephrd
Hey Ghous,

I noticed this developing BEOB ET3 bar on the EURJPY Daily chart, but I think the FTA is too close, and the small pinbar on the weekly chart may indicate that price may make a move up to the 21 EMA. What do you think about this ET3 setup if the BEOB trigger bar has a strong close?

Thanks.

Shep.

http://content.screencast.com/users/...0/00000012.png

http://content.screencast.com/users/...c/00000013.png...
Hey Sheph I really look forward to a strong trend for an ET3 setup. Only very rarely a juvenile trend will still do the job if price has reversed off an important area. The setup on Ej seems like it qualifies nor neither of these conditions. I basically see a long down trend that had lost it's steam way back and price is basically more side ways than down trending now. Yes price has sort of moved away from the 21 and pulled back to it, but like I said I look for neater PA for ET3

That is far from an invalid trade though, if we get a good bar with an authoritative close I will not argue with some one who might go for it, keeping the the over all down trend and it's continuation in mind, but it's a setup that for the most part lacks that gut feeling I need as an imperative condition to enter a trade.

All the best.

g.
I believe . . .
  • #172
  • Aug 29, 2010 9:59pm Aug 29, 2010 9:59pm
I have killed this trade here for 83 pips (0.35R) did not like how price was continuing to struggle for momentum and getting held up at the 7300 mark.

g.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdchf.gif Size: 35 KB
I believe . . .
  • #173
  • Aug 30, 2010 10:10am Aug 30, 2010 10:10am
hey Sheph,

Not sure if you're still in this trade, just wanted to follow up on this trade as it unfolds.

See how placing a TP at that all time swing low kills any possibility of riding the momentum further down? Trailing stops behind pull backs and allowing price to do it's thing is IMO the best way to ride potential runners. Your stop would currently be right above that swing low with a big bearish bar currently in the making which may just go on to break the consolidation box and make a new "all time swing low"



g.
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.png Size: 33 KB
I believe . . .
  • #174
  • Aug 30, 2010 10:58am Aug 30, 2010 10:58am
Quoting ghous
hey Sheph,

Not sure if you're still in this trade, just wanted to follow up on this trade as it unfolds.

See how placing a TP at that all time swing low kills any possibility of riding the momentum further down? Trailing stops behind pull backs and allowing price to do it's thing is IMO the best way to ride potential runners. Your stop would currently be right above that swing low with a big bearish bar currently in the making which may just go on to break the consolidation box and make a new "all time swing low"



g.
I now see exactly what you mean.

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-30_EURCHFD1.png Size: 59 KB
"Dare to live the life you have dreamed for yourself. Go forward and make y
  • #175
  • Aug 30, 2010 2:10pm Aug 30, 2010 2:10pm
Quoting ghous
Here you go Ayor, my indis and template.

g.
hi ghous,my chart is kind of difference from yours in the sense that the MA shades looks more pronounces.have a look and comment.thanks
Attached Image (click to enlarge)
Click to Enlarge Name: my chart.gif Size: 28 KB
  • #176
  • Aug 30, 2010 3:06pm Aug 30, 2010 3:06pm
Quoting ayour2a
hi ghous,my chart is kind of difference from yours in the sense that the MA shades looks more pronounces.have a look and comment.thanks
secondly,my MA did not cross on the daily like yours.kindly, comment
Attached Image (click to enlarge)
Click to Enlarge Name: my chart.gif Size: 26 KB
  • #177
  • Aug 30, 2010 5:34pm Aug 30, 2010 5:34pm
Quoting ayour2a
secondly,my MA did not cross on the daily like yours.kindly, comment
Hey Ayour, I guess I attached the template with the other indicator for shading MAs. No big deal though, you could just play around with the colors of the indicator (see attached image) and plot a 21 EMA (medium orchid) and a 50 EMA (peru) to mark the boundaries of the CZ.

Or...you could just use this new template file.

g.
Attached Image
Attached File(s)
File Type: mq4 MA_Shade.mq4   2 KB | 332 downloads
I believe . . .
  • #178
  • Aug 30, 2010 5:37pm Aug 30, 2010 5:37pm
Quoting ayour2a
secondly,my MA did not cross on the daily like yours.kindly, comment
That is due to the difference in broker feeds. The MAs use bar close as an input and that can differ in price value depending on the close time of the bar which can eventually lead to minor differnces in the position of the EMAs, so that daily Eur/Chf ET4 bar came off a little more constricted CZ on the IBFX than Fxpro - again the differnce wasn't big enough to cause one to take a trade on IBFX but pass on Fxpro because of any sort of lack in the constriction.

g.
Attached Image
I believe . . .
  • #179
  • Aug 30, 2010 5:40pm Aug 30, 2010 5:40pm
Quoting shephrd
I now see exactly what you mean.

Attachment


g.
I believe . . .
  • #180
  • Aug 30, 2010 5:51pm Aug 30, 2010 5:51pm
I took half bar losses on both daily setups I took this Monday.

Au - 0.5R
E/n - 0.5R


Au set up for me when price gapped up above the 0.9 and looked to pull back to it, the market being the imperfect beast that it is, it does not hold at the BRN and drops through...

Eur/Nzd also failed to gain the momentum I like to see displayed on ET4s.

g.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au.png Size: 39 KB
Click to Enlarge Name: eurnzd.png Size: 43 KB
I believe . . .
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