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james16 Chart Thread
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Nov 27, 2009 7:21am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by jspeakman
Hi Matt
Many thanks for this - will continue to stick to higher frames. Agree from my own limited experience , higher TFs always seem to over ride lower TFs. However I wondered if you could use this to trade a little more frequently no lower than 4 hour on the basis that you know from the higher TFs where the train is coming from and I guess more importantly where it is likely to crash into the buffers (- and I think I have now done your metaphor to death!).
Cheers
JS
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There's more to this longer time frames gig than meets the eye.
The great aspect about trading those longer time frames is instilling that ability to wait for the best trades and, once in one, to wait out a trades various "noise" phases . If you can do that (i.e not checking back every hour on a daily or weekly trade), you've developed a great skill that will work with ALL time frames later on. If you need to watch certain levels in between, then set alerts.
That ability to wait for the correct opportunities is a good one to have. 
__________________
Bundy's status today: "Waiting...  "
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Nov 27, 2009 7:30am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by mattfx
If you have been over to Europe, you may have had this experience when crossing the road, due to conditioning you may have be trained to look to your left for example, and be aware of traffic comming from that direction, when in fact you should be looking to the right as everyone is driving on the other side of the road .....ever had that happen ?
Right or Wrong they were on the opposite side of the road and I was not prepared......
Almost cost me my life.......
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Crossing the road in the U.S. when I was there was like that. Freaky.
Straight away you realise how easy these automatic conditionings can get you killed.
__________________
Bundy's status today: "Waiting...  "
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Nov 27, 2009 7:21am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by jspeakman
Hi Matt
Many thanks for this - will continue to stick to higher frames. Agree from my own limited experience , higher TFs always seem to over ride lower TFs. However I wondered if you could use this to trade a little more frequently no lower than 4 hour on the basis that you know from the higher TFs where the train is coming from and I guess more importantly where it is likely to crash into the buffers (- and I think I have now done your metaphor to death!).
Cheers
JS
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There's more to this longer time frames gig than meets the eye.
The great aspect about trading those longer time frames is instilling that ability to wait for the best trades and, once in one, to wait out a trades various "noise" phases . If you can do that (i.e not checking back every hour on a daily or weekly trade), you've developed a great skill that will work with ALL time frames later on. If you need to watch certain levels in between, then set alerts.
That ability to wait for the correct opportunities is a good one to have. 
__________________
Bundy's status today: "Waiting...  "
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Nov 27, 2009 7:30am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by mattfx
If you have been over to Europe, you may have had this experience when crossing the road, due to conditioning you may have be trained to look to your left for example, and be aware of traffic comming from that direction, when in fact you should be looking to the right as everyone is driving on the other side of the road .....ever had that happen ?
Right or Wrong they were on the opposite side of the road and I was not prepared......
Almost cost me my life.......
|
Crossing the road in the U.S. when I was there was like that. Freaky.
Straight away you realise how easy these automatic conditionings can get you killed.
__________________
Bundy's status today: "Waiting...  "
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Dec 23, 2009 4:35am
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'Try-hard' extraordinaire...
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Merry Festivas!!!!!!
Just dropping in to say Merry Xmas / Happy Festivas to all my J16 friends in here.  (...that includes all newcomers too.  )
Wishing all a safe and happy holiday and New Year. 
Quote:
Originally Posted by StoragePro
Your book sounds great. Coffee table quality fer sure. Even Hugh hefner pulled that off(Bad pun, sorry). Think the Twins might get a chapter?
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LOL ....I like that one. 
__________________
Bundy's status today: "Waiting...  "
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Dec 23, 2009 5:49am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by yarin
SHORT:1.4910
SL:1.5010
breakout+pullback+PB
looking good?

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Hi Yarin,
Wait for situations where the Pullback is all the way. ...Otherwise you're taking more trades for no reason and eating away at your profits.
Too often you WILL get a better signal higher up just after this first one is stopped out and lost you money. Just wait for those better ones instead.
If you miss out on the continuation down, don't worry about it, there are plenty of good trades coming to you in the future that are better.
Location Location Location.
__________________
Bundy's status today: "Waiting...  "
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Dec 23, 2009 6:02am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by djmanu
Hi guys,
The breakouts + retrace of yesterday were great but I have a newbie question.
Sometimes, you look at the Daily chart and you see a PA at PPZ but on a smaller TF (4h,1h), you see that that PA is the representation of a breakout + Retrace + PA which say to go the opposite direction than the Daily (Play the breakout when the daily plays the support).
So in that case, would it be best to play the breakout (of smaller TF) when we are in a trend (as USD actually) and Support on a range ?
Thanks a lot !
Manu
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Hi Manu,
If the higher time frame PA is a weak signal you are on the right track if you are very sure about your levels you want to trade with.
You wouldn't trade the lower time frame PA though if the higher time frame PA was a big "Real Man's" Pin Bar at an awesome location (as an example). ....You'd be mad. lol
The other way to see it is. If there are conflicting signals to you, then do MORE waiting for the next trade to come along and stay out. "If it looks like a rabbit and smells like a lion, then it's a ...well... I think that's something you wanna run away from" 
__________________
Bundy's status today: "Waiting...  "
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Dec 23, 2009 6:17am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by g_j_hook@yah
lol...speaking of which??? some pa would be interesting??
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I'ma staying out of the market.
The next couple of days usually die off dramatically as most people in US and UK (and here) pack up a day or two early and head off to their families etc.
Just not worth it.
Things won't be in full swing again until a week or so into January.
Enjoy the time off guys and gals. 
__________________
Bundy's status today: "Waiting...  "
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