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  • #61
  • Jan 10, 2011 4:35am Jan 10, 2011 4:35am
Quoting Adilius07
AUD/USD
Short


Not to bad Adilius,

Size is Ok . . .1.0000 BRN . .some divergence . .what else you got?
Attached Image (click to enlarge)
Click to Enlarge Name: aud2w.gif Size: 28 KB
Indicators show the past. Price Action "Indicates" the future.
  • #62
  • Jan 10, 2011 4:39am Jan 10, 2011 4:39am
Quoting jarroo
Not to bad Adilius,

Size is Ok . . .1.0000 BRN . .some divergence . .what else you got?
Hello Jarroo! Thank you very much for your post.
Two more things 1) upper extreme of the box I see and 2) I like the nose protrude slightly above that previous PB high, so is like we picked up some stops for a hard fall down? That's pretty much all I saw...
  • #63
  • Jan 10, 2011 4:44am Jan 10, 2011 4:44am
Quoting Adilius07
Hello Jarroo! Thank you very much for your post.
Two more things 1) upper extreme of the box I see and 2) I like the nose protrude slightly above that previous PB high, so is like we picked up some stops for a hard fall down? That's pretty much all I saw...
Yeah that could be right about picking up some sellers. I like that there was no close above the 1.0 on the 2 Week chart.

What about the taffic? Any problems there?
Indicators show the past. Price Action "Indicates" the future.
  • #64
  • Jan 10, 2011 4:46am Jan 10, 2011 4:46am
Quoting jarroo
Yeah that could be right about picking up some sellers. I like that there was no close above the 1.0 on the 2 Week chart.

What about the taffic? Any problems there?
Well yes, we are on this line right now (multiple closes), so traffic is there.
But I thought traffic and space is not an issue when we trade the box???
I try to to it like Mike showed in a few examples..

So traffic is a problem here too?
  • #65
  • Jan 10, 2011 4:48am Jan 10, 2011 4:48am
Quoting Adilius07
Well yes, we are on this line right now (multiple closes), so traffic is there.
But I thought traffic and space is not an issue when we trade the box???
I try to to it like Mike showed in a few examples..

So traffic is a problem here too?

Where is your 1st target or FTA on this one?
Indicators show the past. Price Action "Indicates" the future.
  • #66
  • Jan 10, 2011 4:50am Jan 10, 2011 4:50am
Quoting jarroo
Where is your 1st target or FTA on this one?
I will hold it until the lower boundary of the box which I have right before next BRN. So my target is 0.9518.

FTA is I think 0.9678
  • #67
  • Jan 10, 2011 4:57am Jan 10, 2011 4:57am
Quoting Adilius07
I will hold it until the lower boundary of the box which I have right before next BRN. So my target is 0.9518.

FTA is I think 0.9678
The previous bar low is the target or FTA. If you can get some Daily bar closes below that . .you'll be looking good.
Attached Image (click to enlarge)
Click to Enlarge Name: aud2wa.jpg Size: 100 KB
Indicators show the past. Price Action "Indicates" the future.
  • #68
  • Jan 10, 2011 5:01am Jan 10, 2011 5:01am
Quoting jarroo
The previous bar low is the target or FTA. If you can get some Daily bar closes below that . .you'll be looking good.
Thank you Jarroo.

May I ask. "The previous bar low is the target or FTA" -
that you mean for this particular setup (because it aligns with that previous swing high and multiple closes) or should I also try to view any previous bar low as my first FTA for future setups? I always have trouble with defining FTA's...

I like your advice to see if daily close below it, if not, I will try to move to BE quickly at that point! Cool, thanks!
  • #69
  • Jan 10, 2011 5:13am Jan 10, 2011 5:13am
Quoting Adilius07
Thank you Jarroo.

May I ask. "The previous bar low is the target or FTA" -
that you mean for this particular setup (because it aligns with that previous swing high and multiple closes) or should I also try to view any previous bar low as my first FTA for future setups? I always have trouble with defining FTA's...

I like your advice to see if daily close below it, if not, I will try to move to BE quickly at that point! Cool, thanks!
Yes for this particular setup.

Take this one for example, Aud/Nzd Weekly BEOB:

Quoting Adilius07
sell
audnzd @ 1.2789
sl 1.3224
The FTAs or Targets are usually the immediate previous bar High(s) or Low(s).

Then tie in James16's "This is Critical" you now got something to work with:


Quoting james16
YES!!!

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.


jim
Attached Image (click to enlarge)
Click to Enlarge Name: auzww10.jpg Size: 83 KB
Indicators show the past. Price Action "Indicates" the future.
  • #70
  • Jan 10, 2011 8:44am Jan 10, 2011 8:44am
Quoting jarroo
Yes for this particular setup.

Take this one for example, Aud/Nzd Weekly BEOB:



The FTAs or Targets are usually the immediate previous bar High(s) or Low(s).

Then tie in James16's "This is Critical" you now got something to work with:
I think I understand. Thank you very much Jarroo!
  • #71
  • Jan 10, 2011 8:45am Jan 10, 2011 8:45am
Quoting Adilius07
AUD/USD
Short


Order filled. Sold @0.9893
  • #72
  • Jan 10, 2011 9:16pm Jan 10, 2011 9:16pm
Quoting Adilius07
Order filled. Sold @0.9893

Looking good, Adilius.
Attached Image (click to enlarge)
Click to Enlarge Name: aud2w11.jpg Size: 99 KB
Indicators show the past. Price Action "Indicates" the future.
  • #73
  • Jan 11, 2011 9:08am Jan 11, 2011 9:08am
Hey Ad

Nice to see a fellow J16 trader! Just wanted to ask you if the $6k deficit at the beginning was following J16 or was this before you started following the J16 methods? How many J16 trades havr you done/completed?

kal
  • #74
  • Jan 11, 2011 9:30am Jan 11, 2011 9:30am
Quoting Kalbar
Hey Ad

Nice to see a fellow J16 trader! Just wanted to ask you if the $6k deficit at the beginning was following J16 or was this before you started following the J16 methods? How many J16 trades havr you done/completed?

kal
Hey Kalbar,

Thanks for your post! Well I started this journal after I found J16.
Everything I do here - is trying to understand those ideas.
Hope this helps.
  • #75
  • Edited 5:10pm Jan 11, 2011 4:58pm | Edited 5:10pm
'elou, Adilius ou seven!

I would strongly recommend this site, bunch of usefull infos, S/R mainly:
http://www.nobrainertrades.com/

I am also using Hanover's Recent Strenght indicator (as someone on this thread asked you 'Why are you buying EUR...'):
http://www.forexfactory.com/showthread.php?t=163158
and (learning) to trade Strong vs Weak currencies!
Hanover's Recent Candles indicator is usefull too.

The rest is pretty same as your stuff - PA by J16!

Back to charts, Demoing Only!

Have fun,

Simon
Slovenia

PS: I have coded EA for Testing those SR strategies (7ChiC), if interested, you can find it here: http://www.forexfactory.com/showthre...=193727&page=6.
  • #76
  • Jan 11, 2011 5:43pm Jan 11, 2011 5:43pm
Hello Chistabo, thanks for your post and help. I read no brainer thread (most of it) I don't like it at all. I don't think it is profitable at all.. yes it is easy to post only those profitable trades and they will look good. I don't use any indicators, only BRN and a few MA's.

The problem is in my head, not in my method Thanks!



Quoting Chistabo
'elou, Adilius ou seven!

I would strongly recommend this site, bunch of usefull infos, S/R mainly:
http://www.nobrainertrades.com/

I am also using Hanover's Recent Strenght indicator (as someone on this thread asked you 'Why are you buying EUR...'):
http://www.forexfactory.com/showthread.php?t=163158
and (learning) to trade Strong vs Weak currencies!
Hanover's Recent Candles indicator is usefull too.

The rest is pretty same as your stuff - PA by J16!

Back to charts, Demoing Only!

Have fun,

Simon
Slovenia

PS: I...
  • #77
  • Jan 27, 2011 10:28pm Jan 27, 2011 10:28pm
Why do you think you lost many trades, if you are following every single step in the J16 thread ?
The Black Swan: The Impact of the Highly Improbable
  • #78
  • Jan 28, 2011 4:56am Jan 28, 2011 4:56am
Quoting MapleLeaf
Why do you think you lost many trades, if you are following every single step in the J16 thread ?
hmm. What difference does it make if I followed J16 or not?
  • #79
  • Jan 28, 2011 10:16am Jan 28, 2011 10:16am
  •  kk21
  • | Joined Sep 2009 | Status: ...the innocent bystander | 45 Posts
Quoting Adilius07
hmm. What difference does it make if I followed J16 or not?
hey Adi, just gone throu ur journal here; do see ur posts in J16 thread too.

i hardly post but one thing makes me decide to do so now: seeing that u are struggling with non-improvement in ur trading.
i know how it feels, i struggled with mine too.

here are two of the things that improved my trading; it may or may not be of help2 u(just want to point it out):

i) i stopped taking trades in consolidations
ii) i stopped taking counter-trend trades

all ur setups were either in ranges or against the trend, why not leave those areas for people like Mike, Jarroo etc. They know how to handle them.

maybe chart below can explain my thoughts better. good trading2u.

back to lurking mode
Attached Image
  • #80
  • Last Post: Jan 28, 2011 10:36am Jan 28, 2011 10:36am
Quoting kk21
hey Adi, just gone throu ur journal here; do see ur posts in J16 thread too.

i hardly post but one thing makes me decide to do so now: seeing that u are struggling...

Hello KK21!

Thank you very much! Your advice is very much appreciated!
You know I was thinking a lot about all those losses, and losses in stock journal I have (I have them printed in front of me) and I am comepletely agree with you.

I formulated that rule just a few days ago actually and it is " NEVER fade (short) HH". It doesn't matter if there is DIV, BRN, whatever the first HH is NOT tradable for me anymore. I will wait for the price to show me LH (which may signal trend reversal) - Just by doing this I think the result should be better (well speaking from backtest...).

In regards to consolidations. I'm still thinking. My backtest show some very nice trades, but also many times they fail. I think you are right I need to avoid those choppy movements but look for ranges instead....

So I have like 1) Trade trend 2) Trade range (not tight consolidation)

This is of course sounds good on paper and on history charts. I will see how I will do in real time. But I somehow feel that my future results should be better... I have also cleaned up some other erroneous things I had in my plan...

So we will see. I hope.

Oh and the last thing I truely believe was one serious problems is my patience/ability to pick the best/just wait for best... I opened small live account now, and I think this psychological problem should be solved (I hope)..

I will abandon this thread soon as I finish this last open AUD/USD demo trade, and continue to post my results in this new live thread I have in my sig.

Thank you.
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