james16 Chart Thread

bundyraider · #**44989** Sep 30, 2009 8:31pm

Quote:

Originally Posted by Dale

There where only sell stop orders on the chart, now buy stop orders also.

What you all think of the location?

Thanks

Dale

Of today's pin?

I'd be A LOT happier if we were up higher than that before going back down. I want a return to these areas at least damn it!!...

(I think your long will happen, but that was strong short interest the past week).

bundyraider · #**44995** Sep 30, 2009 8:54pm

Quote:

Originally Posted by supremeChaos

LOL, u want some BIG discount huh?

No. I just want a better trade!

Quote:

Originally Posted by mike w

I wouldn't be surprised at all if we were to see that in the very near future. I don't see this daily pin as solid at all.

Sideways for a few days??

My question, at the minute, is whether James likes it as a 150 system trade.

(Where are ya big fella?

)

bundyraider · #**44989** Sep 30, 2009 8:31pm

Quote:

Originally Posted by Dale

There where only sell stop orders on the chart, now buy stop orders also.

What you all think of the location?

Thanks

Dale

Of today's pin?

I'd be A LOT happier if we were up higher than that before going back down. I want a return to these areas at least damn it!!...

(I think your long will happen, but that was strong short interest the past week).

bundyraider · #**44995** Sep 30, 2009 8:54pm

Quote:

Originally Posted by supremeChaos

LOL, u want some BIG discount huh?

No. I just want a better trade!

Quote:

Originally Posted by mike w

I wouldn't be surprised at all if we were to see that in the very near future. I don't see this daily pin as solid at all.

Sideways for a few days??

My question, at the minute, is whether James likes it as a 150 system trade.

(Where are ya big fella?

)

bundyraider · #**44989** Sep 30, 2009 8:31pm

Quote:

Originally Posted by Dale

There where only sell stop orders on the chart, now buy stop orders also.

What you all think of the location?

Thanks

Dale

Of today's pin?

I'd be A LOT happier if we were up higher than that before going back down. I want a return to these areas at least damn it!!...

(I think your long will happen, but that was strong short interest the past week).

bundyraider · #**44995** Sep 30, 2009 8:54pm

Quote:

Originally Posted by supremeChaos

LOL, u want some BIG discount huh?

No. I just want a better trade!

Quote:

Originally Posted by mike w

I wouldn't be surprised at all if we were to see that in the very near future. I don't see this daily pin as solid at all.

Sideways for a few days??

My question, at the minute, is whether James likes it as a 150 system trade.

(Where are ya big fella?

)

bundyraider · #**44989** Sep 30, 2009 8:31pm

Quote:

Originally Posted by Dale

There where only sell stop orders on the chart, now buy stop orders also.

What you all think of the location?

Thanks

Dale

Of today's pin?

I'd be A LOT happier if we were up higher than that before going back down. I want a return to these areas at least damn it!!...

(I think your long will happen, but that was strong short interest the past week).

bundyraider · #**44995** Sep 30, 2009 8:54pm

Quote:

Originally Posted by supremeChaos

LOL, u want some BIG discount huh?

No. I just want a better trade!

Quote:

Originally Posted by mike w

I wouldn't be surprised at all if we were to see that in the very near future. I don't see this daily pin as solid at all.

Sideways for a few days??

My question, at the minute, is whether James likes it as a 150 system trade.

(Where are ya big fella?

)

bundyraider · #**45021** Oct 1, 2009 5:59am

Quote:

Originally Posted by Jduester

How about a nice 4hr BEOB?

Had my stop at b/eish at 0.9180... must have got close... but I wake up and I'm back at +0.7R.

Nice Josh.

I'd have taken it if I'd seen as per your chart.
...Bit late saying that now , I know. lol

Super low close in the bar. Breaking and closing below the low that was set by those two previous bars before it (love that). Nice location.

bundyraider · #**45021** Oct 1, 2009 5:59am

Quote:

Originally Posted by Jduester

How about a nice 4hr BEOB?

Had my stop at b/eish at 0.9180... must have got close... but I wake up and I'm back at +0.7R.

Nice Josh.

I'd have taken it if I'd seen as per your chart.
...Bit late saying that now , I know. lol

Super low close in the bar. Breaking and closing below the low that was set by those two previous bars before it (love that). Nice location.

bundyraider · #**45021** Oct 1, 2009 5:59am

Quote:

Originally Posted by Jduester

How about a nice 4hr BEOB?

Had my stop at b/eish at 0.9180... must have got close... but I wake up and I'm back at +0.7R.

Nice Josh.

I'd have taken it if I'd seen as per your chart.
...Bit late saying that now , I know. lol

Super low close in the bar. Breaking and closing below the low that was set by those two previous bars before it (love that). Nice location.

bundyraider · #**45021** Oct 1, 2009 5:59am

Quote:

Originally Posted by Jduester

How about a nice 4hr BEOB?

Had my stop at b/eish at 0.9180... must have got close... but I wake up and I'm back at +0.7R.

Nice Josh.

I'd have taken it if I'd seen as per your chart.
...Bit late saying that now , I know. lol

Super low close in the bar. Breaking and closing below the low that was set by those two previous bars before it (love that). Nice location.

bundyraider · #**45122** Oct 2, 2009 5:24am

Quote:

Originally Posted by jarroo

Here you go:

http://www.forexfactory.com/showpost...ostcount=11319

LOL ....That post still snags a couple!

Jim did that on purpose a looooong time ago, I'm sure. LOL

bundyraider · #**45122** Oct 2, 2009 5:24am

Quote:

Originally Posted by jarroo

Here you go:

http://www.forexfactory.com/showpost...ostcount=11319

LOL ....That post still snags a couple!

Jim did that on purpose a looooong time ago, I'm sure. LOL

bundyraider · #**45122** Oct 2, 2009 5:24am

Quote:

Originally Posted by jarroo

Here you go:

http://www.forexfactory.com/showpost...ostcount=11319

LOL ....That post still snags a couple!

Jim did that on purpose a looooong time ago, I'm sure. LOL

bundyraider · #**45122** Oct 2, 2009 5:24am

Quote:

Originally Posted by jarroo

Here you go:

http://www.forexfactory.com/showpost...ostcount=11319

LOL ....That post still snags a couple!

Jim did that on purpose a looooong time ago, I'm sure. LOL

bundyraider · #**45168** Oct 3, 2009 10:10am

Quote:

Originally Posted by Tingus

Hi everyone,

Any opinions on the EUR/JPY Daily pin?

Looks like an easy prey for a hungry lion. Am I wrong?

Thanks

Hi Tingus,

You're bar has good range, and as Nology stated, there is divergence on the 4 hour chart. This is a daily chart though, and you need to look at what the daily chart is telling you...

...The biggest issue for that trade is the area highlighted on my chart below. Immediately before our pin developed, we spent a few days going sideways and creating a resistance zone at those bar highs. By the time you have gotten a break of the pin bar's high you are already arriving at an area likely to cause trouble and stress. (Atton's chart explains why the bar highs are where they are.

) .

(By the way, switching to the weekly chart shows the exact same 'traffic' type problem as the daily chart.)

You'll see a LOT of signals such as yours that are not good enough for someone who strives to be picky.
You need to be very picky and look for trades where you have a clear run in that first leg of a trade. ...Even if the signal bar is very strong.

Often when you get a pin such as yours, you will find many other pairs in similar situations where things just aren't good enough , with the exception of one or two pairs that DO have that clear run ahead of them (_space_). On that day, you choose those ones with the clear runs. ...Or if there are none , you just go in to waiting mode again.

This antelope wandered dangerously close to your lion this time

, but the antelope isn't injured. You want to chase the injured antelope. There are easier prey out there.

bundyraider · #**45168** Oct 3, 2009 10:10am

Quote:

Originally Posted by Tingus

Hi everyone,

Any opinions on the EUR/JPY Daily pin?

Looks like an easy prey for a hungry lion. Am I wrong?

Thanks

Hi Tingus,

You're bar has good range, and as Nology stated, there is divergence on the 4 hour chart. This is a daily chart though, and you need to look at what the daily chart is telling you...

...The biggest issue for that trade is the area highlighted on my chart below. Immediately before our pin developed, we spent a few days going sideways and creating a resistance zone at those bar highs. By the time you have gotten a break of the pin bar's high you are already arriving at an area likely to cause trouble and stress. (Atton's chart explains why the bar highs are where they are.

) .

(By the way, switching to the weekly chart shows the exact same 'traffic' type problem as the daily chart.)

You'll see a LOT of signals such as yours that are not good enough for someone who strives to be picky.
You need to be very picky and look for trades where you have a clear run in that first leg of a trade. ...Even if the signal bar is very strong.

Often when you get a pin such as yours, you will find many other pairs in similar situations where things just aren't good enough , with the exception of one or two pairs that DO have that clear run ahead of them (_space_). On that day, you choose those ones with the clear runs. ...Or if there are none , you just go in to waiting mode again.

This antelope wandered dangerously close to your lion this time

, but the antelope isn't injured. You want to chase the injured antelope. There are easier prey out there.

bundyraider · #**45168** Oct 3, 2009 10:10am

Quote:

Originally Posted by Tingus

Hi everyone,

Any opinions on the EUR/JPY Daily pin?

Looks like an easy prey for a hungry lion. Am I wrong?

Thanks

Hi Tingus,

You're bar has good range, and as Nology stated, there is divergence on the 4 hour chart. This is a daily chart though, and you need to look at what the daily chart is telling you...

...The biggest issue for that trade is the area highlighted on my chart below. Immediately before our pin developed, we spent a few days going sideways and creating a resistance zone at those bar highs. By the time you have gotten a break of the pin bar's high you are already arriving at an area likely to cause trouble and stress. (Atton's chart explains why the bar highs are where they are.

) .

(By the way, switching to the weekly chart shows the exact same 'traffic' type problem as the daily chart.)

You'll see a LOT of signals such as yours that are not good enough for someone who strives to be picky.
You need to be very picky and look for trades where you have a clear run in that first leg of a trade. ...Even if the signal bar is very strong.

Often when you get a pin such as yours, you will find many other pairs in similar situations where things just aren't good enough , with the exception of one or two pairs that DO have that clear run ahead of them (_space_). On that day, you choose those ones with the clear runs. ...Or if there are none , you just go in to waiting mode again.

This antelope wandered dangerously close to your lion this time

, but the antelope isn't injured. You want to chase the injured antelope. There are easier prey out there.

bundyraider · #**45168** Oct 3, 2009 10:10am

Quote:

Originally Posted by Tingus

Hi everyone,

Any opinions on the EUR/JPY Daily pin?

Looks like an easy prey for a hungry lion. Am I wrong?

Thanks

Hi Tingus,

You're bar has good range, and as Nology stated, there is divergence on the 4 hour chart. This is a daily chart though, and you need to look at what the daily chart is telling you...

...The biggest issue for that trade is the area highlighted on my chart below. Immediately before our pin developed, we spent a few days going sideways and creating a resistance zone at those bar highs. By the time you have gotten a break of the pin bar's high you are already arriving at an area likely to cause trouble and stress. (Atton's chart explains why the bar highs are where they are.

) .

(By the way, switching to the weekly chart shows the exact same 'traffic' type problem as the daily chart.)

You'll see a LOT of signals such as yours that are not good enough for someone who strives to be picky.
You need to be very picky and look for trades where you have a clear run in that first leg of a trade. ...Even if the signal bar is very strong.

Often when you get a pin such as yours, you will find many other pairs in similar situations where things just aren't good enough , with the exception of one or two pairs that DO have that clear run ahead of them (_space_). On that day, you choose those ones with the clear runs. ...Or if there are none , you just go in to waiting mode again.

This antelope wandered dangerously close to your lion this time

, but the antelope isn't injured. You want to chase the injured antelope. There are easier prey out there.

bundyraider · #**45270** Oct 5, 2009 2:05pm

Quote:

Originally Posted by Tingus

Thanks atton, nology & Bundyraider

When i see nice looking pin in a good place, don't know why i stop caring about the traffic ahead. Going to work on that.

Thanks once again

Hi again Tingus.

Forgetting some older lessons is normal. We all forget to check important things occasionally.

Example again...

(Continued on from Daily chart. Yellow arrow points to your daily pin bar's high point)

I've gone to the 4 hour, only so I can illustrate how price can ping pong instead of flying off into profit as you would like. The good thing here is we knew ahead of time that this could happen.

If there is enough room from your daily set up to give a little low risk profit , then still take it, by all means. I wouldn't have risked it here. Wasn't of interest to me at all. I know better trades come along, with little more waiting at all.

Make your own decisions though, of course. If you think a bar in itself gives you enough conviction to fight through the first trouble spot, go ahead. Sometimes you'll get a real heavy hitter that shouts that out. Personally I like at least a little room even then, just to take a little risk out of it. If you do take them, be aware of these trouble spots, and then at least you'll figure out something over the long run on whether situations like this are for you personally.

Even another 10 - 15 pips to those bar highs (and for me, the line chart high) would have made it a little more worthwhile taking. It would have allowed a chance to manage the trade easier. (i.e. Maybe take partial profit, move stop to Break Even and even have room for the stop to not knock you out of the trade.) ...Or from the stand point of someone taking the first obstacle as a profit take point, it would balance out the risk taken from the stop loss price point a little.

Cheers.

(Edit: As a side point... draw a horizontal line from the daily line chart's high from the 29th of Sept then look at your 4 hr chart. (FXPro charts)

)

bundyraider · #**45270** Oct 5, 2009 2:05pm

Quote:

Originally Posted by Tingus

Thanks atton, nology & Bundyraider

When i see nice looking pin in a good place, don't know why i stop caring about the traffic ahead. Going to work on that.

Thanks once again

Hi again Tingus.

Forgetting some older lessons is normal. We all forget to check important things occasionally.

Example again...

(Continued on from Daily chart. Yellow arrow points to your daily pin bar's high point)

I've gone to the 4 hour, only so I can illustrate how price can ping pong instead of flying off into profit as you would like. The good thing here is we knew ahead of time that this could happen.

If there is enough room from your daily set up to give a little low risk profit , then still take it, by all means. I wouldn't have risked it here. Wasn't of interest to me at all. I know better trades come along, with little more waiting at all.

Make your own decisions though, of course. If you think a bar in itself gives you enough conviction to fight through the first trouble spot, go ahead. Sometimes you'll get a real heavy hitter that shouts that out. Personally I like at least a little room even then, just to take a little risk out of it. If you do take them, be aware of these trouble spots, and then at least you'll figure out something over the long run on whether situations like this are for you personally.

Even another 10 - 15 pips to those bar highs (and for me, the line chart high) would have made it a little more worthwhile taking. It would have allowed a chance to manage the trade easier. (i.e. Maybe take partial profit, move stop to Break Even and even have room for the stop to not knock you out of the trade.) ...Or from the stand point of someone taking the first obstacle as a profit take point, it would balance out the risk taken from the stop loss price point a little.

Cheers.

(Edit: As a side point... draw a horizontal line from the daily line chart's high from the 29th of Sept then look at your 4 hr chart. (FXPro charts)

)

bundyraider · #**45273** Oct 5, 2009 2:40pm

Quote:

Originally Posted by supremeChaos

one of the very few times i catch Sir bundy awake & posting.
& another lengthy, golden bundy post.

hey, aren't u supposed to be sleeping?! (2.34am here, 4.34?am in Australia)

having said that, i'm

5:30 now. Daylight savings just kicked in Sunday.

By the miracle of the human body clock I was awaken , once again, for the last 4 hour chart close. lol

Back for a little more nap time now.

Catch you later.

bundyraider · #**45270** Oct 5, 2009 2:05pm

Quote:

Originally Posted by Tingus

Thanks atton, nology & Bundyraider

When i see nice looking pin in a good place, don't know why i stop caring about the traffic ahead. Going to work on that.

Thanks once again

Hi again Tingus.

Forgetting some older lessons is normal. We all forget to check important things occasionally.

Example again...

(Continued on from Daily chart. Yellow arrow points to your daily pin bar's high point)

I've gone to the 4 hour, only so I can illustrate how price can ping pong instead of flying off into profit as you would like. The good thing here is we knew ahead of time that this could happen.

If there is enough room from your daily set up to give a little low risk profit , then still take it, by all means. I wouldn't have risked it here. Wasn't of interest to me at all. I know better trades come along, with little more waiting at all.

Make your own decisions though, of course. If you think a bar in itself gives you enough conviction to fight through the first trouble spot, go ahead. Sometimes you'll get a real heavy hitter that shouts that out. Personally I like at least a little room even then, just to take a little risk out of it. If you do take them, be aware of these trouble spots, and then at least you'll figure out something over the long run on whether situations like this are for you personally.

Even another 10 - 15 pips to those bar highs (and for me, the line chart high) would have made it a little more worthwhile taking. It would have allowed a chance to manage the trade easier. (i.e. Maybe take partial profit, move stop to Break Even and even have room for the stop to not knock you out of the trade.) ...Or from the stand point of someone taking the first obstacle as a profit take point, it would balance out the risk taken from the stop loss price point a little.

Cheers.

(Edit: As a side point... draw a horizontal line from the daily line chart's high from the 29th of Sept then look at your 4 hr chart. (FXPro charts)

)

bundyraider · #**45273** Oct 5, 2009 2:40pm

Quote:

Originally Posted by supremeChaos

one of the very few times i catch Sir bundy awake & posting.
& another lengthy, golden bundy post.

hey, aren't u supposed to be sleeping?! (2.34am here, 4.34?am in Australia)

having said that, i'm

5:30 now. Daylight savings just kicked in Sunday.

By the miracle of the human body clock I was awaken , once again, for the last 4 hour chart close. lol

Back for a little more nap time now.

Catch you later.

bundyraider · #**45270** Oct 5, 2009 2:05pm

Quote:

Originally Posted by Tingus

Thanks atton, nology & Bundyraider

When i see nice looking pin in a good place, don't know why i stop caring about the traffic ahead. Going to work on that.

Thanks once again

Hi again Tingus.

Forgetting some older lessons is normal. We all forget to check important things occasionally.

Example again...

(Continued on from Daily chart. Yellow arrow points to your daily pin bar's high point)

I've gone to the 4 hour, only so I can illustrate how price can ping pong instead of flying off into profit as you would like. The good thing here is we knew ahead of time that this could happen.

If there is enough room from your daily set up to give a little low risk profit , then still take it, by all means. I wouldn't have risked it here. Wasn't of interest to me at all. I know better trades come along, with little more waiting at all.

Make your own decisions though, of course. If you think a bar in itself gives you enough conviction to fight through the first trouble spot, go ahead. Sometimes you'll get a real heavy hitter that shouts that out. Personally I like at least a little room even then, just to take a little risk out of it. If you do take them, be aware of these trouble spots, and then at least you'll figure out something over the long run on whether situations like this are for you personally.

Even another 10 - 15 pips to those bar highs (and for me, the line chart high) would have made it a little more worthwhile taking. It would have allowed a chance to manage the trade easier. (i.e. Maybe take partial profit, move stop to Break Even and even have room for the stop to not knock you out of the trade.) ...Or from the stand point of someone taking the first obstacle as a profit take point, it would balance out the risk taken from the stop loss price point a little.

Cheers.

(Edit: As a side point... draw a horizontal line from the daily line chart's high from the 29th of Sept then look at your 4 hr chart. (FXPro charts)

)

bundyraider · #**45296** Oct 6, 2009 1:39am

Quote:

Originally Posted by jarroo

Absolutely.

(Desktop> Bundy folder> Enter)

...You've named the trash can under your desk "Bundy Folder" haven't you?

See, I've figured you out fella.

bundyraider · #**45298** Oct 6, 2009 1:45am

Quote:

Originally Posted by mbqb11

If I had to guess I would say were still moving down after this breakout and pullback of that massive H&S pattern. Any moves up there is quite a bit of resistance. Those few last pins though are mighty small and in traffic, so not really worth it. Again this is just if I had to guess. But I don't trade off that.

It's some of the strongest resistance in a long while, in my opinion.

I'm going to love to see a continuation break out on this. If it happens.

bundyraider · #**45299** Oct 6, 2009 1:53am

Quote:

Originally Posted by mbqb11

.
.
Of course location still trumps mostly everything, but I find the closing of a bar very crucial.

Not sure about others here, but a really really great close, as you describe, often has me even using a "round-about the right position size" calculation. lol ..it's that important a factor in my trade selections.

bundyraider · #**45273** Oct 5, 2009 2:40pm

Quote:

Originally Posted by supremeChaos

one of the very few times i catch Sir bundy awake & posting.
& another lengthy, golden bundy post.

hey, aren't u supposed to be sleeping?! (2.34am here, 4.34?am in Australia)

having said that, i'm

5:30 now. Daylight savings just kicked in Sunday.

By the miracle of the human body clock I was awaken , once again, for the last 4 hour chart close. lol

Back for a little more nap time now.

Catch you later.

bundyraider · #**45273** Oct 5, 2009 2:40pm

Quote:

Originally Posted by supremeChaos

one of the very few times i catch Sir bundy awake & posting.
& another lengthy, golden bundy post.

hey, aren't u supposed to be sleeping?! (2.34am here, 4.34?am in Australia)

having said that, i'm

5:30 now. Daylight savings just kicked in Sunday.

By the miracle of the human body clock I was awaken , once again, for the last 4 hour chart close. lol

Back for a little more nap time now.

Catch you later.

bundyraider · #**45296** Oct 6, 2009 1:39am

Quote:

Originally Posted by jarroo

Absolutely.

(Desktop> Bundy folder> Enter)

...You've named the trash can under your desk "Bundy Folder" haven't you?

See, I've figured you out fella.

bundyraider · #**45298** Oct 6, 2009 1:45am

Quote:

Originally Posted by mbqb11

If I had to guess I would say were still moving down after this breakout and pullback of that massive H&S pattern. Any moves up there is quite a bit of resistance. Those few last pins though are mighty small and in traffic, so not really worth it. Again this is just if I had to guess. But I don't trade off that.

It's some of the strongest resistance in a long while, in my opinion.

I'm going to love to see a continuation break out on this. If it happens.

bundyraider · #**45299** Oct 6, 2009 1:53am

Quote:

Originally Posted by mbqb11

.
.
Of course location still trumps mostly everything, but I find the closing of a bar very crucial.

Not sure about others here, but a really really great close, as you describe, often has me even using a "round-about the right position size" calculation. lol ..it's that important a factor in my trade selections.

bundyraider · #**45296** Oct 6, 2009 1:39am

Quote:

Originally Posted by jarroo

Absolutely.

(Desktop> Bundy folder> Enter)

...You've named the trash can under your desk "Bundy Folder" haven't you?

See, I've figured you out fella.

bundyraider · #**45298** Oct 6, 2009 1:45am

Quote:

Originally Posted by mbqb11

If I had to guess I would say were still moving down after this breakout and pullback of that massive H&S pattern. Any moves up there is quite a bit of resistance. Those few last pins though are mighty small and in traffic, so not really worth it. Again this is just if I had to guess. But I don't trade off that.

It's some of the strongest resistance in a long while, in my opinion.

I'm going to love to see a continuation break out on this. If it happens.

bundyraider · #**45299** Oct 6, 2009 1:53am

Quote:

Originally Posted by mbqb11

.
.
Of course location still trumps mostly everything, but I find the closing of a bar very crucial.

Not sure about others here, but a really really great close, as you describe, often has me even using a "round-about the right position size" calculation. lol ..it's that important a factor in my trade selections.

bundyraider · #**45296** Oct 6, 2009 1:39am

Quote:

Originally Posted by jarroo

Absolutely.

(Desktop> Bundy folder> Enter)

...You've named the trash can under your desk "Bundy Folder" haven't you?

See, I've figured you out fella.

bundyraider · #**45298** Oct 6, 2009 1:45am

Quote:

Originally Posted by mbqb11

If I had to guess I would say were still moving down after this breakout and pullback of that massive H&S pattern. Any moves up there is quite a bit of resistance. Those few last pins though are mighty small and in traffic, so not really worth it. Again this is just if I had to guess. But I don't trade off that.

It's some of the strongest resistance in a long while, in my opinion.

I'm going to love to see a continuation break out on this. If it happens.

bundyraider · #**45299** Oct 6, 2009 1:53am

Quote:

Originally Posted by mbqb11

.
.
Of course location still trumps mostly everything, but I find the closing of a bar very crucial.

Not sure about others here, but a really really great close, as you describe, often has me even using a "round-about the right position size" calculation. lol ..it's that important a factor in my trade selections.

bundyraider · #**45331** Oct 6, 2009 8:43am

Quote:

Originally Posted by Lyra

Hi. I shorted the pinbar on G/U Daily last week (pin no.1), breakout pattern + round number. My target is around 1.5500 since this is a breakout trade. The original stoploss was placed above the pin. Yesterday another pinbar was formed, and I move my stoploss above it (pin no.2).
Today after my stoploss was hit the price shoot down. I wonder if my trade management was inappropriate? Please give me some comment. How would you manage it if you were in this trade. Thank you.

Hi Lyra,

I understand your commitment to holding on to that short, but once that Bullish Pin formed (and even failed to reach the previous low) then the idea of holding was probably a little too biased. As Eternal was, I think, trying to point out. Maybe if the bullish pin was weak looking you would think of riding out the draw down, but it wasn't weak.

Otherwise you did alright. Really, for a trade that you expected to run a while , I'd have probably done the same with moving stops as you did. Except for you missing the significance of the bullish pin. (Edit: I'm sure I'd have closed the trade actually. From experience I know it's better to stop and wait for the next one.)

One other point: You played the trend line breakout as a pullback? ...The best ones of those fire off into profit and break hard. When they hesitate to confirm and break through those new lows (or highs) of the break out, then it's time to tighten up.
...You'll figure out your own tricks and tendancies on that one though.

bundyraider · #**45339** Oct 6, 2009 3:10pm

Slow day??

Hey , can anyone please tell me when daylight savings ends in the U.S.?

bundyraider · #**45341** Oct 6, 2009 3:18pm

Quote:

Originally Posted by flyer415

01 Nov

Wow, that far away? Ok thanks. Usually catches me out.

bundyraider · #**45331** Oct 6, 2009 8:43am

Quote:

Originally Posted by Lyra

Hi. I shorted the pinbar on G/U Daily last week (pin no.1), breakout pattern + round number. My target is around 1.5500 since this is a breakout trade. The original stoploss was placed above the pin. Yesterday another pinbar was formed, and I move my stoploss above it (pin no.2).
Today after my stoploss was hit the price shoot down. I wonder if my trade management was inappropriate? Please give me some comment. How would you manage it if you were in this trade. Thank you.

Hi Lyra,

I understand your commitment to holding on to that short, but once that Bullish Pin formed (and even failed to reach the previous low) then the idea of holding was probably a little too biased. As Eternal was, I think, trying to point out. Maybe if the bullish pin was weak looking you would think of riding out the draw down, but it wasn't weak.

Otherwise you did alright. Really, for a trade that you expected to run a while , I'd have probably done the same with moving stops as you did. Except for you missing the significance of the bullish pin. (Edit: I'm sure I'd have closed the trade actually. From experience I know it's better to stop and wait for the next one.)

One other point: You played the trend line breakout as a pullback? ...The best ones of those fire off into profit and break hard. When they hesitate to confirm and break through those new lows (or highs) of the break out, then it's time to tighten up.
...You'll figure out your own tricks and tendancies on that one though.

bundyraider · #**45339** Oct 6, 2009 3:10pm

Slow day??

Hey , can anyone please tell me when daylight savings ends in the U.S.?

bundyraider · #**45341** Oct 6, 2009 3:18pm

Quote:

Originally Posted by flyer415

01 Nov

Wow, that far away? Ok thanks. Usually catches me out.

bundyraider · #**45331** Oct 6, 2009 8:43am

Quote:

Originally Posted by Lyra

Hi. I shorted the pinbar on G/U Daily last week (pin no.1), breakout pattern + round number. My target is around 1.5500 since this is a breakout trade. The original stoploss was placed above the pin. Yesterday another pinbar was formed, and I move my stoploss above it (pin no.2).
Today after my stoploss was hit the price shoot down. I wonder if my trade management was inappropriate? Please give me some comment. How would you manage it if you were in this trade. Thank you.

Hi Lyra,

I understand your commitment to holding on to that short, but once that Bullish Pin formed (and even failed to reach the previous low) then the idea of holding was probably a little too biased. As Eternal was, I think, trying to point out. Maybe if the bullish pin was weak looking you would think of riding out the draw down, but it wasn't weak.

Otherwise you did alright. Really, for a trade that you expected to run a while , I'd have probably done the same with moving stops as you did. Except for you missing the significance of the bullish pin. (Edit: I'm sure I'd have closed the trade actually. From experience I know it's better to stop and wait for the next one.)

One other point: You played the trend line breakout as a pullback? ...The best ones of those fire off into profit and break hard. When they hesitate to confirm and break through those new lows (or highs) of the break out, then it's time to tighten up.
...You'll figure out your own tricks and tendancies on that one though.

bundyraider · #**45339** Oct 6, 2009 3:10pm

Slow day??

Hey , can anyone please tell me when daylight savings ends in the U.S.?

bundyraider · #**45341** Oct 6, 2009 3:18pm

Quote:

Originally Posted by flyer415

01 Nov

Wow, that far away? Ok thanks. Usually catches me out.

bundyraider · #**45331** Oct 6, 2009 8:43am

Quote:

Originally Posted by Lyra

Hi. I shorted the pinbar on G/U Daily last week (pin no.1), breakout pattern + round number. My target is around 1.5500 since this is a breakout trade. The original stoploss was placed above the pin. Yesterday another pinbar was formed, and I move my stoploss above it (pin no.2).
Today after my stoploss was hit the price shoot down. I wonder if my trade management was inappropriate? Please give me some comment. How would you manage it if you were in this trade. Thank you.

Hi Lyra,

I understand your commitment to holding on to that short, but once that Bullish Pin formed (and even failed to reach the previous low) then the idea of holding was probably a little too biased. As Eternal was, I think, trying to point out. Maybe if the bullish pin was weak looking you would think of riding out the draw down, but it wasn't weak.

Otherwise you did alright. Really, for a trade that you expected to run a while , I'd have probably done the same with moving stops as you did. Except for you missing the significance of the bullish pin. (Edit: I'm sure I'd have closed the trade actually. From experience I know it's better to stop and wait for the next one.)

One other point: You played the trend line breakout as a pullback? ...The best ones of those fire off into profit and break hard. When they hesitate to confirm and break through those new lows (or highs) of the break out, then it's time to tighten up.
...You'll figure out your own tricks and tendancies on that one though.

bundyraider · #**45339** Oct 6, 2009 3:10pm

Slow day??

Hey , can anyone please tell me when daylight savings ends in the U.S.?

bundyraider · #**45341** Oct 6, 2009 3:18pm

Quote:

Originally Posted by flyer415

01 Nov

Wow, that far away? Ok thanks. Usually catches me out.

bundyraider · #**45361** Oct 6, 2009 9:13pm

Quote:

Originally Posted by TiaForex

Me too bundy. There's usually a couple of weeks where the UK and the US get out of sync by an hour and it catches me by surprise. I like to know when my NY close is.

Slow in general on this thread. I've written to Twee. I think this thread needs to be pulled out of the commercial forum and back to the main FF section where it belongs.

For sure.

And I suppose I should ask when UK DST ends too. Just assumed they'd be close. lol

bundyraider · #**45363** Oct 6, 2009 9:26pm

Quote:

Originally Posted by TiaForex

I have no idea...

How about this, I'll let you know when it happens.

We are usually out of sync with NY by about one or two weeks and then we line up again. And it's not made easier by the fact that I think London traders adjust their start times in a weird way around the change too.

I'll keep you posted. It always throws me for a loop. I end up using the FF session start indicator on the front page a lot.

I had the Oanda session widget going at some point, but tend to not like too much being open at once. (Doesn't stop it though . lol)

bundyraider · #**45364** Oct 6, 2009 9:28pm

Cable might break here soon.

I've got a 1-min chart entry happening at BE already from those 4-hr IB4s. lol

bundyraider · #**45367** Oct 6, 2009 10:08pm

Quote:

Originally Posted by mike w

You trade I4Bs on the 4 hour?

Hell yeah! Those real nice 'winding-up' ones, for sure.

As break out trades. The Ib's have to look nice and create a wedge or something. You'd have done this before.

You'll see what I'm doing here... (my actual working chart)

bundyraider · #**45373** Oct 6, 2009 10:56pm

Quote:

Originally Posted by masterpiecefx

Nice Head&Shoulders on Cable by the way.

That's why I've wanted it to retrace up a bit further, but oh well.

A daily Close below 5800 at some point would be nice, to get a decent move again.

Quote:

Originally Posted by supremeChaos

Here, this will probably help

DST 2009

You legend!

So it's a week earlier than our friends in NYC.

bundyraider · #**45361** Oct 6, 2009 9:13pm

Quote:

Originally Posted by TiaForex

Me too bundy. There's usually a couple of weeks where the UK and the US get out of sync by an hour and it catches me by surprise. I like to know when my NY close is.

Slow in general on this thread. I've written to Twee. I think this thread needs to be pulled out of the commercial forum and back to the main FF section where it belongs.

For sure.

And I suppose I should ask when UK DST ends too. Just assumed they'd be close. lol

bundyraider · #**45363** Oct 6, 2009 9:26pm

Quote:

Originally Posted by TiaForex

I have no idea...

How about this, I'll let you know when it happens.

We are usually out of sync with NY by about one or two weeks and then we line up again. And it's not made easier by the fact that I think London traders adjust their start times in a weird way around the change too.

I'll keep you posted. It always throws me for a loop. I end up using the FF session start indicator on the front page a lot.

I had the Oanda session widget going at some point, but tend to not like too much being open at once. (Doesn't stop it though . lol)

bundyraider · #**45364** Oct 6, 2009 9:28pm

Cable might break here soon.

I've got a 1-min chart entry happening at BE already from those 4-hr IB4s. lol

bundyraider · #**45367** Oct 6, 2009 10:08pm

Quote:

Originally Posted by mike w

You trade I4Bs on the 4 hour?

Hell yeah! Those real nice 'winding-up' ones, for sure.

As break out trades. The Ib's have to look nice and create a wedge or something. You'd have done this before.

You'll see what I'm doing here... (my actual working chart)

bundyraider · #**45373** Oct 6, 2009 10:56pm

Quote:

Originally Posted by masterpiecefx

Nice Head&Shoulders on Cable by the way.

That's why I've wanted it to retrace up a bit further, but oh well.

A daily Close below 5800 at some point would be nice, to get a decent move again.

Quote:

Originally Posted by supremeChaos

Here, this will probably help

DST 2009

You legend!

So it's a week earlier than our friends in NYC.

bundyraider · #**45361** Oct 6, 2009 9:13pm

Quote:

Originally Posted by TiaForex

Me too bundy. There's usually a couple of weeks where the UK and the US get out of sync by an hour and it catches me by surprise. I like to know when my NY close is.

Slow in general on this thread. I've written to Twee. I think this thread needs to be pulled out of the commercial forum and back to the main FF section where it belongs.

For sure.

And I suppose I should ask when UK DST ends too. Just assumed they'd be close. lol

bundyraider · #**45363** Oct 6, 2009 9:26pm

Quote:

Originally Posted by TiaForex

I have no idea...

How about this, I'll let you know when it happens.

We are usually out of sync with NY by about one or two weeks and then we line up again. And it's not made easier by the fact that I think London traders adjust their start times in a weird way around the change too.

I'll keep you posted. It always throws me for a loop. I end up using the FF session start indicator on the front page a lot.

I had the Oanda session widget going at some point, but tend to not like too much being open at once. (Doesn't stop it though . lol)

bundyraider · #**45364** Oct 6, 2009 9:28pm

Cable might break here soon.

I've got a 1-min chart entry happening at BE already from those 4-hr IB4s. lol

bundyraider · #**45367** Oct 6, 2009 10:08pm

Quote:

Originally Posted by mike w

You trade I4Bs on the 4 hour?

Hell yeah! Those real nice 'winding-up' ones, for sure.

As break out trades. The Ib's have to look nice and create a wedge or something. You'd have done this before.

You'll see what I'm doing here... (my actual working chart)

bundyraider · #**45373** Oct 6, 2009 10:56pm

Quote:

Originally Posted by masterpiecefx

Nice Head&Shoulders on Cable by the way.

That's why I've wanted it to retrace up a bit further, but oh well.

A daily Close below 5800 at some point would be nice, to get a decent move again.

Quote:

Originally Posted by supremeChaos

Here, this will probably help

DST 2009

You legend!

So it's a week earlier than our friends in NYC.

bundyraider · #**45377** Oct 6, 2009 11:27pm

Quote:

Originally Posted by supremeChaos

u are way too busy..
i am your recently acquired sexytary, remember?

from time to time, when u are offline, i'll try to substitute & help facilitate here.

From time to time when Mike's offline = Waiting from Blue Moon to the next Blue moon for when Mike's offline and not helping others.

He needs a sexytary.

bundyraider · #**45361** Oct 6, 2009 9:13pm

Quote:

Originally Posted by TiaForex

Me too bundy. There's usually a couple of weeks where the UK and the US get out of sync by an hour and it catches me by surprise. I like to know when my NY close is.

Slow in general on this thread. I've written to Twee. I think this thread needs to be pulled out of the commercial forum and back to the main FF section where it belongs.

For sure.

And I suppose I should ask when UK DST ends too. Just assumed they'd be close. lol

bundyraider · #**45363** Oct 6, 2009 9:26pm

Quote:

Originally Posted by TiaForex

I have no idea...

How about this, I'll let you know when it happens.

We are usually out of sync with NY by about one or two weeks and then we line up again. And it's not made easier by the fact that I think London traders adjust their start times in a weird way around the change too.

I'll keep you posted. It always throws me for a loop. I end up using the FF session start indicator on the front page a lot.

I had the Oanda session widget going at some point, but tend to not like too much being open at once. (Doesn't stop it though . lol)

bundyraider · #**45364** Oct 6, 2009 9:28pm

Cable might break here soon.

I've got a 1-min chart entry happening at BE already from those 4-hr IB4s. lol

bundyraider · #**45367** Oct 6, 2009 10:08pm

Quote:

Originally Posted by mike w

You trade I4Bs on the 4 hour?

Hell yeah! Those real nice 'winding-up' ones, for sure.

As break out trades. The Ib's have to look nice and create a wedge or something. You'd have done this before.

You'll see what I'm doing here... (my actual working chart)

bundyraider · #**45373** Oct 6, 2009 10:56pm

Quote:

Originally Posted by masterpiecefx

Nice Head&Shoulders on Cable by the way.

That's why I've wanted it to retrace up a bit further, but oh well.

A daily Close below 5800 at some point would be nice, to get a decent move again.

Quote:

Originally Posted by supremeChaos

Here, this will probably help

DST 2009

You legend!

So it's a week earlier than our friends in NYC.

bundyraider · #**45377** Oct 6, 2009 11:27pm

Quote:

Originally Posted by supremeChaos

u are way too busy..
i am your recently acquired sexytary, remember?

from time to time, when u are offline, i'll try to substitute & help facilitate here.

From time to time when Mike's offline = Waiting from Blue Moon to the next Blue moon for when Mike's offline and not helping others.

He needs a sexytary.

bundyraider · #**45377** Oct 6, 2009 11:27pm

Quote:

Originally Posted by supremeChaos

u are way too busy..
i am your recently acquired sexytary, remember?

from time to time, when u are offline, i'll try to substitute & help facilitate here.

From time to time when Mike's offline = Waiting from Blue Moon to the next Blue moon for when Mike's offline and not helping others.

He needs a sexytary.

bundyraider · #**45377** Oct 6, 2009 11:27pm

Quote:

Originally Posted by supremeChaos

u are way too busy..
i am your recently acquired sexytary, remember?

from time to time, when u are offline, i'll try to substitute & help facilitate here.

From time to time when Mike's offline = Waiting from Blue Moon to the next Blue moon for when Mike's offline and not helping others.

He needs a sexytary.

bundyraider · #**45407** Oct 7, 2009 8:57am

Quote:

Originally Posted by raczekfx

Maybe, maybe, right now my focus is/was somewhere else...

You'd have a perfect buy on Geppy just about too. Woudn't you, smarty pants?

bundyraider · #**45407** Oct 7, 2009 8:57am

Quote:

Originally Posted by raczekfx

Maybe, maybe, right now my focus is/was somewhere else...

You'd have a perfect buy on Geppy just about too. Woudn't you, smarty pants?

bundyraider · #**45407** Oct 7, 2009 8:57am

Quote:

Originally Posted by raczekfx

Maybe, maybe, right now my focus is/was somewhere else...

You'd have a perfect buy on Geppy just about too. Woudn't you, smarty pants?

bundyraider · #**45407** Oct 7, 2009 8:57am

Quote:

Originally Posted by raczekfx

Maybe, maybe, right now my focus is/was somewhere else...

You'd have a perfect buy on Geppy just about too. Woudn't you, smarty pants?

bundyraider · #**45452** Oct 7, 2009 4:46pm

Quote:

Originally Posted by raczekfx

You know me way too well...

I was late to the party (slept in), but I started buying crosses around 7am est.

I was too busy browsing the net and watching TV. Happened while I had my eye off the ball.

bundyraider · #**45452** Oct 7, 2009 4:46pm

Quote:

Originally Posted by raczekfx

You know me way too well...

I was late to the party (slept in), but I started buying crosses around 7am est.

I was too busy browsing the net and watching TV. Happened while I had my eye off the ball.

bundyraider · #**45452** Oct 7, 2009 4:46pm

Quote:

Originally Posted by raczekfx

You know me way too well...

I was late to the party (slept in), but I started buying crosses around 7am est.

I was too busy browsing the net and watching TV. Happened while I had my eye off the ball.

bundyraider · #**45452** Oct 7, 2009 4:46pm

Quote:

Originally Posted by raczekfx

You know me way too well...

I was late to the party (slept in), but I started buying crosses around 7am est.

I was too busy browsing the net and watching TV. Happened while I had my eye off the ball.

bundyraider · #**45468** Oct 7, 2009 8:32pm

Quote:

Originally Posted by raczekfx

We should exchange cell phone #s. That way we could cover entire 24hrs and not miss a single setup...

I've already got US and most Asia covered.

Quote:

Originally Posted by arthurwtm

i'm at london time...maybe we should all trade numbers so we wont miss anything!! haha

If we could just get us all trading the exact same way we'd be right. lol

With the DST changes this time of year it takes a bit of adjusting. I'm already struggling with NY starting 1 hour later here (Midnight now/so far).

What I SHOULD do is get my butt into gear with alerts/programs again.

bundyraider · #**45470** Oct 7, 2009 8:44pm

Quote:

Originally Posted by tehuringa

Wish I caught that 4hr BUOB on the AUDUSD....bloody work getting in the way of trading again

Very good employment number.

....Apparently.

bundyraider · #**45468** Oct 7, 2009 8:32pm

Quote:

Originally Posted by raczekfx

We should exchange cell phone #s. That way we could cover entire 24hrs and not miss a single setup...

I've already got US and most Asia covered.

Quote:

Originally Posted by arthurwtm

i'm at london time...maybe we should all trade numbers so we wont miss anything!! haha

If we could just get us all trading the exact same way we'd be right. lol

With the DST changes this time of year it takes a bit of adjusting. I'm already struggling with NY starting 1 hour later here (Midnight now/so far).

What I SHOULD do is get my butt into gear with alerts/programs again.

bundyraider · #**45470** Oct 7, 2009 8:44pm

Quote:

Originally Posted by tehuringa

Wish I caught that 4hr BUOB on the AUDUSD....bloody work getting in the way of trading again

Very good employment number.

....Apparently.

bundyraider · #**45468** Oct 7, 2009 8:32pm

Quote:

Originally Posted by raczekfx

We should exchange cell phone #s. That way we could cover entire 24hrs and not miss a single setup...

I've already got US and most Asia covered.

Quote:

Originally Posted by arthurwtm

i'm at london time...maybe we should all trade numbers so we wont miss anything!! haha

If we could just get us all trading the exact same way we'd be right. lol

With the DST changes this time of year it takes a bit of adjusting. I'm already struggling with NY starting 1 hour later here (Midnight now/so far).

What I SHOULD do is get my butt into gear with alerts/programs again.

bundyraider · #**45470** Oct 7, 2009 8:44pm

Quote:

Originally Posted by tehuringa

Wish I caught that 4hr BUOB on the AUDUSD....bloody work getting in the way of trading again

Very good employment number.

....Apparently.

bundyraider · #**45468** Oct 7, 2009 8:32pm

Quote:

Originally Posted by raczekfx

We should exchange cell phone #s. That way we could cover entire 24hrs and not miss a single setup...

I've already got US and most Asia covered.

Quote:

Originally Posted by arthurwtm

i'm at london time...maybe we should all trade numbers so we wont miss anything!! haha

If we could just get us all trading the exact same way we'd be right. lol

With the DST changes this time of year it takes a bit of adjusting. I'm already struggling with NY starting 1 hour later here (Midnight now/so far).

What I SHOULD do is get my butt into gear with alerts/programs again.

bundyraider · #**45470** Oct 7, 2009 8:44pm

Quote:

Originally Posted by tehuringa

Wish I caught that 4hr BUOB on the AUDUSD....bloody work getting in the way of trading again

Very good employment number.

....Apparently.

bundyraider · #**45547** Oct 9, 2009 1:58am

Quote:

Originally Posted by james16

very well said and true.

another reason i like living here.

you dont go to prison for killing dirtbags that are endangering your family..

i had no idea that this was known outside of the US.

Yep. The internet age. You hear/read everything now.

I think you'd be crazy to do a live trading room with people you haven't gotten to know real well. You can't control those people that have to risk %50 on a trade when they get cocky.

bundyraider · #**45547** Oct 9, 2009 1:58am

Quote:

Originally Posted by james16

very well said and true.

another reason i like living here.

you dont go to prison for killing dirtbags that are endangering your family..

i had no idea that this was known outside of the US.

Yep. The internet age. You hear/read everything now.

I think you'd be crazy to do a live trading room with people you haven't gotten to know real well. You can't control those people that have to risk %50 on a trade when they get cocky.

bundyraider · #**45547** Oct 9, 2009 1:58am

Quote:

Originally Posted by james16

very well said and true.

another reason i like living here.

you dont go to prison for killing dirtbags that are endangering your family..

i had no idea that this was known outside of the US.

Yep. The internet age. You hear/read everything now.

I think you'd be crazy to do a live trading room with people you haven't gotten to know real well. You can't control those people that have to risk %50 on a trade when they get cocky.

bundyraider · #**45575** Oct 9, 2009 5:03am

A LOT of 4 hr bars to analyse.

bundyraider · #**45578** Oct 9, 2009 5:41am

Quote:

Originally Posted by TiaForex

Everyone morning I wake up and read the thread.

This was the maddest morning ever.

Jim's live touch trades, Texan self defence law, snakes and what rats to feed them....Mikey's friends....

I haven't laughed or nodded so much in a while. Thanks guys. Feels like old times.

Agree with you totally about protecting your family Jim. I think that's what lifetime pf membership is for. The kind of crazy that's going to risk 50% a trade and then come after you when he strikes out, is not the kind of crazy that's going to stick around 12 months patiently...

That's a really REALLY good post TiaF. I agree completely with everything you said. Get good,confident and profitable with one thing at a time.

bundyraider · #**45593** Oct 9, 2009 8:23am

Quote:

Originally Posted by FinnTrader

How about this one? GBPJPY 4H beob.

-At minor swing high
-Size bigger than last 10 bars
-From 143.00
-Not major support below before 140.00

Hi FT,

The bar was good, but if you looked around the charts, you'd have found other JPY based pairs with more room for that first push down.

On G/J there was a couple of areas where it got all gathered up (blue boxes on my 4hr chart).

The bar says a lot to me. You were right to look at it. It wasn't too bad. It just had a few things working against it.

Actually, on my second chart here you can see a Fib off of the weekly chart that I also have on my working charts in front of me ( I've done a cleaner version for you). The fib in itself doesn't say that much , but it lines up with a good PPZ. A really good one. That's the important bit. Draw this fib on the weekly then shoot down to your 4 hr chart. In fact, take it right down to the 1 hr chart even and examine the level ....Price has stopped RIGHT on this Fib-aligned PPZ, and not just on the way down this time.

It's always good to look at a heap of charts with good signals and just pick the one or two that have the best potential only.

(Edit: By the way , these charts are different time zone to yours, so they don't show your signal bar)

bundyraider · #**45594** Oct 9, 2009 8:41am

Quote:

Originally Posted by icarusfx

was just thinking the same bundy! esp the yen pairs... it's only a matter of time before we see some general yen weakness and i'd dearly love to be on that train early.

regards

ic

As Rac just said above.... Don't need to trade every day, and those yen charts and a G/U touch trade have given me good easy coin to end the week with.

Don't see any point waiting around into the end hours of the week for anything else.

Have a good one, all y'all. I'm off to bed.

bundyraider · #**45575** Oct 9, 2009 5:03am

A LOT of 4 hr bars to analyse.

bundyraider · #**45578** Oct 9, 2009 5:41am

Quote:

Originally Posted by TiaForex

Everyone morning I wake up and read the thread.

This was the maddest morning ever.

Jim's live touch trades, Texan self defence law, snakes and what rats to feed them....Mikey's friends....

I haven't laughed or nodded so much in a while. Thanks guys. Feels like old times.

Agree with you totally about protecting your family Jim. I think that's what lifetime pf membership is for. The kind of crazy that's going to risk 50% a trade and then come after you when he strikes out, is not the kind of crazy that's going to stick around 12 months patiently...

That's a really REALLY good post TiaF. I agree completely with everything you said. Get good,confident and profitable with one thing at a time.

bundyraider · #**45575** Oct 9, 2009 5:03am

A LOT of 4 hr bars to analyse.

bundyraider · #**45578** Oct 9, 2009 5:41am

Quote:

Originally Posted by TiaForex

Everyone morning I wake up and read the thread.

This was the maddest morning ever.

Jim's live touch trades, Texan self defence law, snakes and what rats to feed them....Mikey's friends....

I haven't laughed or nodded so much in a while. Thanks guys. Feels like old times.

Agree with you totally about protecting your family Jim. I think that's what lifetime pf membership is for. The kind of crazy that's going to risk 50% a trade and then come after you when he strikes out, is not the kind of crazy that's going to stick around 12 months patiently...

That's a really REALLY good post TiaF. I agree completely with everything you said. Get good,confident and profitable with one thing at a time.

bundyraider · #**45593** Oct 9, 2009 8:23am

Quote:

Originally Posted by FinnTrader

How about this one? GBPJPY 4H beob.

-At minor swing high
-Size bigger than last 10 bars
-From 143.00
-Not major support below before 140.00

Hi FT,

The bar was good, but if you looked around the charts, you'd have found other JPY based pairs with more room for that first push down.

On G/J there was a couple of areas where it got all gathered up (blue boxes on my 4hr chart).

The bar says a lot to me. You were right to look at it. It wasn't too bad. It just had a few things working against it.

Actually, on my second chart here you can see a Fib off of the weekly chart that I also have on my working charts in front of me ( I've done a cleaner version for you). The fib in itself doesn't say that much , but it lines up with a good PPZ. A really good one. That's the important bit. Draw this fib on the weekly then shoot down to your 4 hr chart. In fact, take it right down to the 1 hr chart even and examine the level ....Price has stopped RIGHT on this Fib-aligned PPZ, and not just on the way down this time.

It's always good to look at a heap of charts with good signals and just pick the one or two that have the best potential only.

(Edit: By the way , these charts are different time zone to yours, so they don't show your signal bar)

bundyraider · #**45594** Oct 9, 2009 8:41am

Quote:

Originally Posted by icarusfx

was just thinking the same bundy! esp the yen pairs... it's only a matter of time before we see some general yen weakness and i'd dearly love to be on that train early.

regards

ic

As Rac just said above.... Don't need to trade every day, and those yen charts and a G/U touch trade have given me good easy coin to end the week with.

Don't see any point waiting around into the end hours of the week for anything else.

Have a good one, all y'all. I'm off to bed.

bundyraider · #**45636** Oct 9, 2009 3:26pm

Quote:

Originally Posted by raczekfx

Just one example below I could not resist to take, even though I said to my wife: that's enough for this week..

Pull back to solid (imo) ppz with 61fib confl. with a tiny stop..
I took it in the morning and had to leave for few hours. Just closed this as we're approaching daily ppz.
It feels almost like you're given a free lunch on a golden platter..

Believe it or not, few guys I know shorted, right when we would've gone long. We're not created equal, and that's a bonus...lol

Seen that one. Wasn't even tempted this time. lol

There was a few good opportunities like that as I went to bed.

bundyraider · #**45641** Oct 9, 2009 3:44pm

Quote:

Originally Posted by raczekfx

lol.. Fridays are not very liquid. They can make you or break you..

Exactly. I've figured out it's not worth hanging around much after the early London/NY cross over. You learn that quick when you're hanging around your screen into the early hours of Saturday. lol

bundyraider · #**45644** Oct 9, 2009 3:50pm

Quote:

Originally Posted by cologg

Long time lurker here.
Wow. Got to admit I've never heard of the man but that is brilliant. I just wish there were some people like this in England.
Got to move to Texas. Sounds like my kind of place.

Another good reason to move to Texas is the awesome manners everyone you meet has.

And I love listening to any lady with one of those southern accents.

bundyraider · #**45593** Oct 9, 2009 8:23am

Quote:

Originally Posted by FinnTrader

How about this one? GBPJPY 4H beob.

-At minor swing high
-Size bigger than last 10 bars
-From 143.00
-Not major support below before 140.00

Hi FT,

The bar was good, but if you looked around the charts, you'd have found other JPY based pairs with more room for that first push down.

On G/J there was a couple of areas where it got all gathered up (blue boxes on my 4hr chart).

The bar says a lot to me. You were right to look at it. It wasn't too bad. It just had a few things working against it.

Actually, on my second chart here you can see a Fib off of the weekly chart that I also have on my working charts in front of me ( I've done a cleaner version for you). The fib in itself doesn't say that much , but it lines up with a good PPZ. A really good one. That's the important bit. Draw this fib on the weekly then shoot down to your 4 hr chart. In fact, take it right down to the 1 hr chart even and examine the level ....Price has stopped RIGHT on this Fib-aligned PPZ, and not just on the way down this time.

It's always good to look at a heap of charts with good signals and just pick the one or two that have the best potential only.

(Edit: By the way , these charts are different time zone to yours, so they don't show your signal bar)

bundyraider · #**45594** Oct 9, 2009 8:41am

Quote:

Originally Posted by icarusfx

was just thinking the same bundy! esp the yen pairs... it's only a matter of time before we see some general yen weakness and i'd dearly love to be on that train early.

regards

ic

As Rac just said above.... Don't need to trade every day, and those yen charts and a G/U touch trade have given me good easy coin to end the week with.

Don't see any point waiting around into the end hours of the week for anything else.

Have a good one, all y'all. I'm off to bed.

bundyraider · #**45648** Oct 9, 2009 4:03pm

Quote:

Originally Posted by james16

well it aint perfect especially in the large cities but thats true anywhere.

for those of you that actually try to support yourself instead of letting the govmt do it for you paying huge state taxes, no jobs, high living expenses this would seem like heaven to you.

i promise,

jim

I realise the cities can be different, but I'm not one to hang around the big smoke much anyway.

( ...I could do Manhattan for a year maybe though.)

bundyraider · #**45636** Oct 9, 2009 3:26pm

Quote:

Originally Posted by raczekfx

Just one example below I could not resist to take, even though I said to my wife: that's enough for this week..

Pull back to solid (imo) ppz with 61fib confl. with a tiny stop..
I took it in the morning and had to leave for few hours. Just closed this as we're approaching daily ppz.
It feels almost like you're given a free lunch on a golden platter..

Believe it or not, few guys I know shorted, right when we would've gone long. We're not created equal, and that's a bonus...lol

Seen that one. Wasn't even tempted this time. lol

There was a few good opportunities like that as I went to bed.

bundyraider · #**45641** Oct 9, 2009 3:44pm

Quote:

Originally Posted by raczekfx

lol.. Fridays are not very liquid. They can make you or break you..

Exactly. I've figured out it's not worth hanging around much after the early London/NY cross over. You learn that quick when you're hanging around your screen into the early hours of Saturday. lol

bundyraider · #**45644** Oct 9, 2009 3:50pm

Quote:

Originally Posted by cologg

Long time lurker here.
Wow. Got to admit I've never heard of the man but that is brilliant. I just wish there were some people like this in England.
Got to move to Texas. Sounds like my kind of place.

Another good reason to move to Texas is the awesome manners everyone you meet has.

And I love listening to any lady with one of those southern accents.

bundyraider · #**45648** Oct 9, 2009 4:03pm

Quote:

Originally Posted by james16

well it aint perfect especially in the large cities but thats true anywhere.

for those of you that actually try to support yourself instead of letting the govmt do it for you paying huge state taxes, no jobs, high living expenses this would seem like heaven to you.

i promise,

jim

I realise the cities can be different, but I'm not one to hang around the big smoke much anyway.

( ...I could do Manhattan for a year maybe though.)

bundyraider · #**45636** Oct 9, 2009 3:26pm

Quote:

Originally Posted by raczekfx

Just one example below I could not resist to take, even though I said to my wife: that's enough for this week..

Pull back to solid (imo) ppz with 61fib confl. with a tiny stop..
I took it in the morning and had to leave for few hours. Just closed this as we're approaching daily ppz.
It feels almost like you're given a free lunch on a golden platter..

Believe it or not, few guys I know shorted, right when we would've gone long. We're not created equal, and that's a bonus...lol

Seen that one. Wasn't even tempted this time. lol

There was a few good opportunities like that as I went to bed.

bundyraider · #**45641** Oct 9, 2009 3:44pm

Quote:

Originally Posted by raczekfx

lol.. Fridays are not very liquid. They can make you or break you..

Exactly. I've figured out it's not worth hanging around much after the early London/NY cross over. You learn that quick when you're hanging around your screen into the early hours of Saturday. lol

bundyraider · #**45644** Oct 9, 2009 3:50pm

Quote:

Originally Posted by cologg

Long time lurker here.
Wow. Got to admit I've never heard of the man but that is brilliant. I just wish there were some people like this in England.
Got to move to Texas. Sounds like my kind of place.

Another good reason to move to Texas is the awesome manners everyone you meet has.

And I love listening to any lady with one of those southern accents.

bundyraider · #**45648** Oct 9, 2009 4:03pm

Quote:

Originally Posted by james16

well it aint perfect especially in the large cities but thats true anywhere.

for those of you that actually try to support yourself instead of letting the govmt do it for you paying huge state taxes, no jobs, high living expenses this would seem like heaven to you.

i promise,

jim

I realise the cities can be different, but I'm not one to hang around the big smoke much anyway.

( ...I could do Manhattan for a year maybe though.)

bundyraider · #**45818** Oct 12, 2009 8:33am

Quote:

Originally Posted by ghous

Amen Bro!

I am into touch trades and what I know for a fact is that the single most important thing that will matter the most in your touch trading method is the time you've been doing it for. It takes IMMENSE experience, and that's practically all that it takes.

g.

Yes.

I hope anyone intending to trade this way for the first time is DEMOing for a while in real time.

You need to know your Support/Resistance VERY WELL and, in my opinion, know the instrument you are trading very well too.

Most importantly... DO NOT LET YOUR WINNERS BECOME LOSERS.
.

bundyraider · #**45844** Oct 12, 2009 2:36pm

Quote:

Originally Posted by jarroo

Its getting bigger very year.
Very year I have more and more face to wash. lol

I'm on the downhill slope now too the past year or two. So I get that one now. lol (Always been baby faced.

)

bundyraider · #**45874** Oct 12, 2009 10:15pm

Quote:

Originally Posted by TiaForex

Lol. I draw the line there.

Bags under my eyes just makes me look my age for once.

Quote:

Originally Posted by joelcf

I imagine it is because they generally have to stay up late every night writing letters of complaint about things that annoyed them during the day - rap music, teenagers with piercings, suspicious-looking birds, etc.

LOL . I think you got it in one.

bundyraider · #**45818** Oct 12, 2009 8:33am

Quote:

Originally Posted by ghous

Amen Bro!

I am into touch trades and what I know for a fact is that the single most important thing that will matter the most in your touch trading method is the time you've been doing it for. It takes IMMENSE experience, and that's practically all that it takes.

g.

Yes.

I hope anyone intending to trade this way for the first time is DEMOing for a while in real time.

You need to know your Support/Resistance VERY WELL and, in my opinion, know the instrument you are trading very well too.

Most importantly... DO NOT LET YOUR WINNERS BECOME LOSERS.
.

bundyraider · #**45844** Oct 12, 2009 2:36pm

Quote:

Originally Posted by jarroo

Its getting bigger very year.
Very year I have more and more face to wash. lol

I'm on the downhill slope now too the past year or two. So I get that one now. lol (Always been baby faced.

)

bundyraider · #**45874** Oct 12, 2009 10:15pm

Quote:

Originally Posted by TiaForex

Lol. I draw the line there.

Bags under my eyes just makes me look my age for once.

Quote:

Originally Posted by joelcf

I imagine it is because they generally have to stay up late every night writing letters of complaint about things that annoyed them during the day - rap music, teenagers with piercings, suspicious-looking birds, etc.

LOL . I think you got it in one.

bundyraider · #**46099** Oct 15, 2009 9:00am

Well , Got the pullback situation I wanted to see. ...Kind of.

As you can see from my chart, though, not exactly clean-cut with the trendlines on this one.

Watching for some real good confirmation.

For now though , a push to 1.6400 would give a better confluence situation for me.

(Charts attached)

Quote:

Originally Posted by mike w

That pound move last night was my runner for the month though. On a risk of 28 pips, it's so far turned out 300. Trade was based on the daily BUOVB with an entry off the hourly pin at support.
.

Niiiice.

.

bundyraider · #**46103** Oct 15, 2009 9:26am

Quote:

Originally Posted by mike w

I've been watching exactly that too brother. TON of resistance throughout this zone at that. If we get a pin in that area, I may just cry with how happy I'll be.

It is. It's hard to find a super clear PPZ.

Quote:

Other than that, I'm not really seeing anything too solid. I'm excited for how these weeklies will close though. Some are looking juicy if we stay as I'm expecting us to stay.

Haven't peeked at the weeklies yet. lol ...But this week has been very ordinary for me. First trade of the week an hour ago ...I just did a 1:1 on EURNZD , but all week I have pretty much walked away from the screen real quick every time I've flicked through the charts.

Quote:

'm not sure which one will be hotter in that area, the gbp/usd or gbp/jpy. If we do get that push up, it'll take the other straight with it. I gotta get off here, I'm getting too excited and that IS a bad thing while trading.

Certainly seems GBP driven. They've been strong moves the past day or so. Not too keen on going against them at those unclear horizontal levels. Unless everyone has just given up on short orders and decided to wait for these pullbucks. lol

Setting the alarm for 4:00am bar close. First time in a while.

bundyraider · #**46104** Oct 15, 2009 9:27am

Quote:

Originally Posted by supremeChaos

r u another gbp bear, Sir?

trendlines are line chart-based, perhaps?

GBP bear? Nup. Neither. Just my preferred set up if it all looks right.

bundyraider · #**46108** Oct 15, 2009 9:56am

Quote:

Originally Posted by NosferatuMan

I've decided to start a demo account to trade weekly and daily charts being quite picky. No trades yet. I was starting to think if that's exclusively my problem but it seems that is not a great week after all

Yep.

You're taking the right path.

When a good trade comes along it really sticks out at you.

Those times when you wonder if you might be just missing something today somewhere are nearly always just "walk away" moments anyway, when you look back later on.

If you can learn to "hold your horses" for most of the month waiting for those couple of really good trades on the daily chart...well ...I believe 'waiting' is THE most underrated skill we need to learn in trading, anyway. You need to spend some months developing it and making it a natural response.

bundyraider · #**46113** Oct 15, 2009 10:15am

I think I was going to say more guys, but I've gotta sleep. 1 am. lol

bundyraider · #**46114** Oct 15, 2009 10:19am

Quote:

Originally Posted by mike w

Nice brother! I can't ever seem to pull the trigger on the eur/nzd for some odd reason. It must have spanked me as a child. There haven't been too many solid opportunities this week.

2.000 round num PPZ. 1 hour chart . You'll see it.

Quote:

Setting the alarm for 4:00am bar close. First time in a while.

Yes sir, I'll be sure to be here as well. Tea time? haha

Prick! ...I gotta move to South Efrica or somthing. lol

Over and out.

bundyraider · #**46140** Oct 15, 2009 6:19pm

Quote:

Originally Posted by gasgas

Hey Jim

Well I took that trade...but that pivot zone scared me big time, so I close prematurelly at around ema150...Today a saw that run up and thought..WTF

Regards,

Nothing wrong at all with doing that too, GG.

bundyraider · #**46170** Oct 16, 2009 8:27am

Quote:

Originally Posted by raczekfx

wife say's talk less, do more....

This is what I'm doing right now.

Most of these if not all are simply J16 trades. They can be learned and mastered by reading this forum from page 1 onward...

Let's see if these will be 200ps runners... after all it's Friday.

Enjoyed the weekend!

.

It's been a good day/night fo' it, fo' sho' bro.

bundyraider · #**46187** Oct 16, 2009 1:25pm

Quote:

Originally Posted by mbqb11

Ben Please keep the charts coming bud, they are great

Agreed.

They're GREAT examples for others to study, Benji.