Will see how it is going to be ... would love to see bounce on that PPZ area
james16 Chart Thread
- #104,202
- Nov 8, 2011 10:33pm Nov 8, 2011 10:33pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
hi all
I'm new to this thread, been spending about a week reading the first page and the last 300 pages and I'm loving it
i wonder if this would be a valid PPZ for you guys?thx.
Try drawing them on the Weekly and Daily and we can all have a look at them. .
Indicators show the past. Price Action "Indicates" the future.
- #104,203
- Nov 8, 2011 10:43pm Nov 8, 2011 10:43pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #104,204
- Nov 8, 2011 10:46pm Nov 8, 2011 10:46pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
hi all
I'm new to this thread, been spending about a week reading the first page and the last 300 pages and I'm loving it
i wonder if this would be a valid PPZ for you guys?thx.
That doesn't look to bad, scooterboy. We want our Highs and Lows to meet together . .they won't always meet but they can get pretty close. that's why its a Zone.
Try drawing them on the Weekly and Daily and we can all have a look at them. .
Indicators show the past. Price Action "Indicates" the future.
- #104,206
- Nov 9, 2011 12:31am Nov 9, 2011 12:31am
Weekly levels on the Gbp/Chf . . Bam!! . .
From the understanding that I have of your method, your look for PPZ on wkly or daily time frames (HCR, LCS, where PBT&CA or PBT&CB) and then go down to lower TF for PA bars to execute. Pls correct me if this understanding is wrong.
For GBP/CHF charts that u have posted, are u using PA on 1hr chart for entry or just TT with sell stop order once it hits the red line? I'm asking this as the bar on 1hr chart with its tip at the red line looks like a neutral bar to me, instead of PB. If its a neutral bar, then there wld have been no entry if based on PA. Hope u can explain as I'm still new to ur method. Thanks!
- #104,208
- Nov 9, 2011 2:55am Nov 9, 2011 2:55am
@ picon1: Did you try to back test via the VHands, ForexTester or something similar? It seems to me like a great way how to spend time while we need to "sit on our hands" 
@gungriffin: Will do that sir (read posts from the guru's)
@Gpfx: Thanks for sharing. I am glad you reminded me that the switch from demo to live trading is not easy, although I feel on demo like I was on live I wish you only A+ trades
Thanks goes also to the others and their suggestions and advices
@ Everybody: Please, do you know about any other software/MT4 add-on for back-testing? It seems to me like a really good exercise, but in Vhands I had a problem with "skip-to" button - I simply could not skip to the next candle which was quite annoying, maybe I made some mistake. And I don't want to invest in ForexTester right now.
@gungriffin: Will do that sir (read posts from the guru's)
@Gpfx: Thanks for sharing. I am glad you reminded me that the switch from demo to live trading is not easy, although I feel on demo like I was on live
I wish you only A+ trades Thanks goes also to the others and their suggestions and advices
@ Everybody: Please, do you know about any other software/MT4 add-on for back-testing? It seems to me like a really good exercise, but in Vhands I had a problem with "skip-to" button - I simply could not skip to the next candle which was quite annoying, maybe I made some mistake. And I don't want to invest in ForexTester right now.
- #104,210
- Nov 9, 2011 4:12am Nov 9, 2011 4:12am
all is eternal - this is good news for people who loves bad news
- #104,211
- Nov 9, 2011 5:51am Nov 9, 2011 5:51am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
hi all
I'm new to this thread, been spending about a week reading the first page and the last 300 pages and I'm loving it
i wonder if this would be a valid PPZ for you guys?thx.
welcome
Yep that sure is, just remember that these areas are often (more times then not) ZONES. that's what the Z stands for. So it's not a direct line when we talk about PPZ(sometimes it is), but it is more the area. This also lines up with the BRN(big round number) of 1.6
Best
Mike
- #104,212
- Nov 9, 2011 5:59am Nov 9, 2011 5:59am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Hi Mike,
I read somewhere in this thread that u go thru many many many pairs of FX to look at trade setup. Any tips on how to efficiently go thru them? E.g do u view them in 4 chart grids, arrange them by certain manner, time frame etc. And for those which u shortlist as possible candidates, do u save them in another watchlist or just note it down manually? Hope u can share your efficient routine
My routine is pretty simple
for example when scanning daily charts, all I do is open one chart on my mt4, and simply keep the market watch window open. You can then just drag from the market watch onto that open chart to change the pair. I go and flick through them and if something catches my interest i'll put that pair on my watch list. Other then that I have 3 screens where I watch things intraday and just keep more of the major pairs I trade open in little squares to keep an eye on. If something is approaching an area I like i'll take more note to watch it.
Hope that helps
Mike
- #104,213
- Nov 9, 2011 6:41am Nov 9, 2011 6:41am
My EURUSD view:
nearest target 1.3150
after breaking it we will drop like anything. So hold shorts guys
...and do not forget about EURJPY - look for break 105.00 for nice drop to 100.
nearest target 1.3150
after breaking it we will drop like anything. So hold shorts guys
...and do not forget about EURJPY - look for break 105.00 for nice drop to 100.
all is eternal - this is good news for people who loves bad news
- #104,216
- Nov 9, 2011 9:48am Nov 9, 2011 9:48am
My EURUSD view:
nearest target 1.3150
after breaking it we will drop like anything. So hold shorts guys
...and do not forget about EURJPY - look for break 105.00 for nice drop to 100.
