Attachments: james16 Chart Thread

james16 Chart Thread

#75,501
Sep 24, 2010 7:20am Sep 24, 2010 7:20am

Jonnyislost
| Joined May 2010 | Status: Trader | 288 Posts

Quoting supremeChaos

Disliked

agree, thanks JonnyisFound!

curious...

anyone know how many global stocks there are?
# of futures instruments?
# of options instruments?
(with or without proof/references)

Thanks!

Ignored

Finviz's screener has quotes for 335 pages x 20 stocks so 6700

but I guess there are many more...

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#75,502
Sep 24, 2010 7:39am Sep 24, 2010 7:39am

supremeChaos
Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts

Quoting Jonnyislost

Disliked

Finviz's screener has quotes for 335 pages x 20 stocks so 6700 but I guess there are many more...

Ignored

thanks!

i made a quick search....
http://www.tdd.lt/slnews/Stock_Excha....Exchanges.htm
http://topforeignstocks.com/2008/12/...ted-companies/
the second link shows +/-47,000 stocks. (as of December 2008)
i guess there are many more.

& that still doesnt include other instruments

let's scan 47,000 stocks for A+ setups.... 23,000 for me, 24,000 for u

#75,503
Sep 24, 2010 7:50am Sep 24, 2010 7:50am

Jonnyislost
| Joined May 2010 | Status: Trader | 288 Posts

Quoting supremeChaos

Disliked

let's scan 47,000 stocks for A+ setups.... 23,000 for me, 24,000 for u

Ignored

we can scan the 5min charts for even more entries

#75,504
Sep 24, 2010 8:00am Sep 24, 2010 8:00am

aserbfx
Joined Feb 2009 | Status: kiki soso largyalo | 2,243 Posts

Quoting Jonnyislost

Disliked

we can scan the 5min charts for even more entries

Ignored

i just saw that only about 600k acls-shares were traded per day. this means really low volume. i advise everyone to be careful when trading this stocks.
(this has nothing to do with the setup, of course!)

meine augen sind die sterne

#75,505
Sep 24, 2010 8:09am Sep 24, 2010 8:09am

bluetrader
| Joined Aug 2009 | Status: Trader | 379 Posts

Quoting Fxknkw987

Disliked

I am a complete newb, but I would think that the last bar to close bearish would be better if it closed below the prior 2 bars low.

The current bar seems to have only closed below the prior bearish inside bar.

Not sure what makes it a better setup.

Ignored

Hey Fx, we may have different feeds. The chart I posted shows 2 large bullish bars proceeded by a bearish inside bar. The entry would be on the break of the inside bar low +/- a buffer. Looks like it failed, hence why I don't trade them yet

.

I am currently looking at the weekly USD/CHF location... last time price hit this area was March '08. PA will tell us.

-- Danny

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#75,506
Sep 24, 2010 8:13am Sep 24, 2010 8:13am

Jonnyislost
| Joined May 2010 | Status: Trader | 288 Posts

Quoting aserbfx

Disliked

i just saw that only about 600k acls-shares were traded per day. this means really low volume. i advise everyone to be careful when trading this stocks.
(this has nothing to do with the setup, of course!)

Ignored

Thanks, didn't notice this

I guess some of these stocks will have very low liquidity compared with forex

#75,507
Sep 24, 2010 8:34am Sep 24, 2010 8:34am

mbqb11
| Commercial User | Joined Aug 2006 | 12,004 Posts

Quoting jarroo

Disliked

Heading Up North (that's Up State to you Mike . .lol) for my anual late season golf outing ..

http://www.treetops.com/

see ya Sunday night.

Jim

Ignored

have fun bud!

#75,508
Sep 24, 2010 8:39am Sep 24, 2010 8:39am

novice198
| Joined Dec 2009 | Status: Trader | 295 Posts

Not sure if anyone has reported this setup. Looks good to me, except that the PB may break late in evening on Friday and I would not like to keep a trade open during the weekend.

Comments from seniors / experts welcome.

Cheers,
Novice 198

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#75,509
Sep 24, 2010 8:40am Sep 24, 2010 8:40am

mbqb11
| Commercial User | Joined Aug 2006 | 12,004 Posts

Quoting novice198

Disliked

Not sure if anyone has reported this setup. Looks good to me, except that the PB may break late in evening on Friday and I would not like to keep a trade open during the weekend.

Comments from seniors / experts welcome.

Cheers,
Novice 198

Ignored

Hey Novice

Careful here that is not a pinbar. We need a much longer nose, or at least one longer then the body of the bar to qualify as a reversal pinbar as per j16

Best
Mike

#75,510
Sep 24, 2010 9:31am Sep 24, 2010 9:31am

damien100
| Joined Sep 2009 | Status: Trader | 62 Posts

Hi Mike Eur Eud H4 trade ,which failed
entered at 1.4064 above the cosolidation bar highs which were above the 1.400 BRN and PPz also confluence with 50.0% fib and up trendline.
I closed when price dropped but below BE

I looked at the monthly also to give support that price had turned upwards
clearly not so. I can see stupid mistakes but can you comment
Thanks
D

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#75,511
Sep 24, 2010 9:35am Sep 24, 2010 9:35am

grahamec
| Joined Feb 2009 | Status: Trader | 113 Posts

Hi All
Still reading my way through the early forum posts and I am wondering is there a check list available in the forum to print out a list of " best to have's " when looking for price action entries ? ie brn, s/r etc
Rgds
Grahame

#75,512
Sep 24, 2010 9:39am Sep 24, 2010 9:39am

mbqb11
| Commercial User | Joined Aug 2006 | 12,004 Posts

Quoting damien100

Disliked

Hi Mike Eur Eud H4 trade ,which failed
entered at 1.4064 above the cosolidation bar highs which were above the 1.400 BRN and PPz also confluence with 50.0% fib and up trendline.
I closed when price dropped but below BE

I looked at the monthly also to give support that price had turned upwards
clearly not so. I can see stupid mistakes but can you comment
Thanks
D

Ignored

Hey Damien,

I think your entry is too loose there, if you are going to just buy a new high then it should go above that recent high otherwise you are trading right into the most recent market high. Tighten up those entries(specifically with the bar techniques) and you will find much better timing in the markets.

Let me know if you have more questions
Mike

#75,513
Sep 24, 2010 10:14am Sep 24, 2010 10:14am

miracle16
| Joined Mar 2010 | Status: Trader | 52 Posts

hi mike,

been a while since i popped by and happened to chance upon 2 charts whcih interest me

euro and the aussie

i'm pretty sure these 2 bars will end as a buob
but my concern is whether we should take these bars up front, be aggressive or patient to look for a retracement back at support levels like 0.94for aussie and 1.328 for euro

aussie seems to be in unchartered territory since 08. cant really see the FTA on this one. and euro could be up against BRN at 1.35

pls advise thanks

safe trading for all.

#75,514
Sep 24, 2010 10:17am Sep 24, 2010 10:17am

mbqb11
| Commercial User | Joined Aug 2006 | 12,004 Posts

Quoting miracle16

Disliked

hi mike,

been a while since i popped by and happened to chance upon 2 charts whcih interest me

euro and the aussie

i'm pretty sure these 2 bars will end as a buob
but my concern is whether we should take these bars up front, be aggressive or patient to look for a retracement back at support levels like 0.92 for aussie and 1.328 for euro

aussie seems to be in unchartered territory since 08. cant really see the FTA on this one.

pls advise thanks

safe trading for all.

Ignored

Hey Miracle

Firstly remember we really want these bars at swing lows and these are extreme swing highs. Now you can play them as continuation bars but when I do that I generally do that at the top of a pattern. For example if you have a continuation buob at the top of a horizontal resistance area and it closes outside that boxed area. This is a good sign price is going higher. Here was a good example http://www.forexfactory.com/showthre...56#post4037356

Where as both of these would have to be just pure momentum with the trend plays which I won't make. If the euro can't close above 1.35 I would be even more cautious.

Hope that makes sense
Mike

#75,515
Sep 24, 2010 10:22am Sep 24, 2010 10:22am