Merry Christmas to all of our friends here.....
james16 Chart Thread
Currently long VCLK. Great trendline, great fakeout scenario. Now we get to see if the Santa Rally carries this any further this week. 
If you can't tell what the herd is doing...you probably are the herd.
- #129,309
- Dec 23, 2013 9:39pm Dec 23, 2013 9:39pm
Only one trade for me from yesterday till today.Generally i don't like to post a chart after the fact. But there is not much for this trade. very short trade given the PA is really better.
Currently market is really quiet. Nothing much happening. But many trades in the edge to do a quick jump and provide us a prosperous 2014.Keep an eye on gold for long.It may make us rich
Happy Christmas to all of you guys, May god bless u all.Mike and Gous please keep you energy level same to help us(how selfish i am
).
Currently market is really quiet. Nothing much happening. But many trades in the edge to do a quick jump and provide us a prosperous 2014.Keep an eye on gold for long.It may make us rich
Happy Christmas to all of you guys, May god bless u all.Mike and Gous please keep you energy level same to help us(how selfish i am
). - #129,310
- Edited 10:36pm Dec 23, 2013 10:14pm | Edited 10:36pm
{quote} I don't think it's good to use so many time frames. It's true there was a pin bar on daily rejecting a strong PPZ and also weekly HHR. But the PPZ is more a monthly PPZ than a weekly PPZ (even on weekly you must zoom out to see the PPZ). I think you should look for signals on the time frame where the HHR/PPZ can be seen without zooming out. Here is a Ghous post about different time frames: http://www.forexfactory.com/showthre...25#post7084325
Thanks for the comments.Generally i need to read the story before i trade . I look for every information i can. If PPZ is monthly, u can fine tune with weekly . Price is same in every time frame.
If you see my above trade in EG , u can find my FTA in H4 is bit above to my target.We put the trade based on H4, but price turned below taht line. The reason is H1 strong supply line. This supply line can't be read in H4 TF. So we need to fine tune the target.Otherwise we will say "hey what the hell why price suddenly turned".
If i see a daily TF pin bar, i sometimes use smaller TF (not always if i am lazy
) to enter at retest of SR zone to reduce the draw down. Because bar signal doesn't mean much to me ,its only half of the story.Other half is Support resistance zone or supply demand zone. Bar is only signal for me that tells me " ok fxyogi now there is a trade here".Just note this my way to reduce the draw down. But i love you guys keeping it simple.
I welcome your comments.
- #129,311
- Dec 23, 2013 11:09pm Dec 23, 2013 11:09pm
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
{quote} actual level = open and closed level! I noticed that after a long time what to the confirmation of the sellers or buyers of these levels are not the max and min. I regret not being able to understand me well for my bad English from my point of view with levels o / c you have more security and confirmation of the min and max {image} {image}
Like I said, I have no arguments against close levels, but I just prefer the highs and lows more not because I am in love but because I have seen them work for me.
Happy holidays and a new year everyone. Also a great Christmas to those who celebrate it
g.
I believe . . .
- #129,312
- Dec 23, 2013 11:21pm Dec 23, 2013 11:21pm
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Only one trade for me from yesterday till today.Generally i don't like to post a chart after the fact. But there is not much for this trade. very short trade given the PA is really better. Currently market is really quiet. Nothing much happening. But many trades in the edge to do a quick jump and provide us a prosperous 2014.Keep an eye on gold for long.It may make us rich
g.
I believe . . .
- #129,313
- Dec 23, 2013 11:40pm Dec 23, 2013 11:40pm
{quote} We'll be right here and continuing sharing and learning from each other keeping the true spirit of this thread alive
This quality can be found only in traders. i mean real traders.
- #129,315
- Dec 24, 2013 1:11am Dec 24, 2013 1:11am
{quote} I refrain from trading during Christmas holiday period till after the first NFP for the new year. I have had some pathetic experiences of trading in low volume / holiday environments due to the irregular volatility. Its actually good that traders around the world have a mutual understanding for taking some time off the charts. After a busy year its always nice to just step back a bit and catch up on other stuff and allow the mind to relax and refreshed for the upcoming new year.
Neytiri
- #129,316
- Dec 24, 2013 2:31am Dec 24, 2013 2:31am
{quote} O.K
Is this a perfect example of what you refereed to in the previous post i.e. "low volume leading to irregular volatility" or
is it a true fakeout scenario? - In this case market wants to breakout, but there is not enough strength in the breakout. It tried to attract additional orderflow but could not.
Neytiri
- #129,320
- Dec 24, 2013 7:15am Dec 24, 2013 7:15am
Nice PB AU weekly....{image}
First, the weekly pin bar is quite weak. it's actually barely a pin bar, as the price closed just a couple of pips above the last bars' low. Furthermore, the bar is considarable smaller than the previous bars.
Secondly, you will be trading right into that BRN 0.9000
In fact, on daily it looks more of a breakout - pull back - continuation pattern... and it might provide good short signal...
But yeah, definately not a good long signal for me.
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