james16 Chart Thread

Quoting ghous

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Let's see if we can decode why this didn't drop like a stone. What do we have: 1) A pin bar as good as it gets 2) 150 EMA First time back (i.e a BASE setup) 3) 19.5 RN (and the pin bar closed under it) 4) Some space. 5) Fake out of the former swing high on the 4H Some will argue that it barely broke, but we are not criticizing any trades here, we merely want to see if price action, the way we follow it here on the thread can provide an answer for why this pin bar actually didn't work to start off with. Or was this just a genuine loss? What do you...

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Quoting dennis4u15

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hi pinbar, jaroo, mbqb11, whats your take on GBP/AUD....i went short but got out with a 20 pips loss..this pair is quite volatile.. it formed a bearish bar at swing high near a good resistance and BRN. the trend was up though...any advice will be much appreciated. regards dennis {image}

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Quoting albus999

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{quote} ghous well from what I've noticed from my journal recently about most setups is that i tend to have bigger draw-downs when i take a trade that broke outside of the London session than ones broken during the London session and so i have decided not to take setups that are broken/triggered outside of the London session. therefore that is the reason that would keep me out of this trade. Although i think its just me. Just my two cents. Al

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Quoting g_j_hook@yah

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{quote} dont know about a failure. it hit the FTA, shouldnt av been a full bar loss at least. and it took two bars to break which always hints at the lack of momentum (to me) so i wouldnt have been so suprised at the outcome. Especially after that strong assed run up, (more than a retrace that move)coming off the DBL bottom as it did. i cant get this pair so im going from your chart. dont know if on the same page as you Ghous?? but thats how i see it. good bar though. very tempting. jon EDIT: plus what albus999 said, price very often changes direction...

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Quoting ghous

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{quote} Yeah ok but that's not a price action explanation for why it didn't work. What you are talking about are the variations from one trading session to another but what I am trying to steer the direction towards is, the reason why it didn't work as explained by the teachings of this thread. g.

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Quoting ghous

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{quote} and it took two bars to break which always hints at the lack of momentum (to me) That's one of the things that occurred to me as well. So we are on the same page Jon. g.

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Quoting Pinbar

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{quote} Here you go Ghous. {image}

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Quoting g_j_hook@yah

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{quote} come on then...put us out of our misery.. lol jon

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Quoting ghous

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{quote} lol. Don't look at me like I have stars on my head, glistening translucent wings and a magic wand in my hand. This is still only my own analysis. If its still unclear, I just wanted to spark a discussion (for the sake of everyone's learning) directed at spotting "the apparently not so obvious" faults with this setup. g. {image} {image}

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Quoting g_j_hook@yah

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{quote} nice Ghous.. thats them stars shining!! jon

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Quoting ghous

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I have been having a strange problem since the last few days with my charts. At first I thought this was an issue with the broker but I am having the same issue across all mt4 platforms that I have of various brokers. When I switch between different pairs, the charts are opening up in their minimized form and every time requires me to use the minimize button and then the maximize button to get the chart in the original enlarged format., only to see it return to the irritating position after I restart the mt4. Any ideas? g. {image}

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Quoting mbqb11

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{quote} Hey Str8 The volatility based indicator I used is called the BAT atr, that was taken from the BAT method posted on FF. It's basically just using an ATR to allow price to flow. I don't use it any more because you can just get a visual idea of where it would run anywhere. It helped a lot to teach me patience on trailing an exit. Now though I use my full discretion on all exits because my confidence in what I am trying to do and ability to read each situation is high. As for how to avoid full bar losses. Most times I am watching a specific...

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Quoting g_j_hook@yah

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{quote} haha i thought we had been through this....that ib isnt bearish. its neutral (in my opinion at least) im with PB, this pair has just made new yearly highs and the IB was sat on top of the RN PPZ ( check jan through august 2010) there has been a solid run up to this price and the chart looks very bullish over all. this being the case (to me) i would want a LOT stronger bar to short this pair on the D1 TF.. jus my view.. jon

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Quoting g_j_hook@yah

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{quote} yeah me too! it just started today. ???? jon

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Quoting ghous

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{quote} I guess that means that's an issue with an update from metaquotes then. g.

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Quoting albchr

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{quote} I believe so buddy. I have 3 MT4 platforms. One Live, one Demo, one for testing updates. I have not applied the most recent update (this past weekend) to my live or demo because of this. Good to see you (and the gang) my friend. I'm very impressed as always.

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Quoting ghous

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{quote} Drop by More often Chris g.

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Quoting albchr

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{quote} lol...I stop in almost everyday. But I will not pretend to be anywhere good enough to "add" to the teachings here. Perhaps one day.

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Quoting ghous

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{quote} We are all a family here and complement each other. A bulge in one piece of the puzzle fits into the gap of another as an adhesive to hold the bigger picture together. You always were a crucial component of this group brother. Don't underestimate yourself g.

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