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  #44990  
Old Sep 30, 2009 8:33pm
supremeChaos's Avatar
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Quote:
Originally Posted by Dale View Post
There where only sell stop orders...
What you all think of the location?
....
I think u want to take advantage of potential upmove, but u are also aware of possibility of downmove (sell stop).
current location (based on that chart) is a traffic zone, imho. weekly chart shows possible immediate bumps ahead, while the downside definitely has a lot of room with much less traffic.
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  #44992  
Old Sep 30, 2009 8:36pm
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Quote:
Originally Posted by bundyraider View Post
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!!...
...
LOL, u want some BIG discount huh?
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  #44997  
Old Sep 30, 2009 9:02pm
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Quote:
Originally Posted by Dale View Post
Hey Mike,
Kite boarding was great, still learning though....
Kite boarding.. Sports..
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  #44990  
Old Sep 30, 2009 8:33pm
supremeChaos's Avatar
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Member Since Feb 2009
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Quote:
Originally Posted by Dale View Post
There where only sell stop orders...
What you all think of the location?
....
I think u want to take advantage of potential upmove, but u are also aware of possibility of downmove (sell stop).
current location (based on that chart) is a traffic zone, imho. weekly chart shows possible immediate bumps ahead, while the downside definitely has a lot of room with much less traffic.
__________________
Failure is the mother of success: learn from 'her'
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  #44992  
Old Sep 30, 2009 8:36pm
supremeChaos's Avatar
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Quote:
Originally Posted by bundyraider View Post
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!!...
...
LOL, u want some BIG discount huh?
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  #44997  
Old Sep 30, 2009 9:02pm
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Quote:
Originally Posted by Dale View Post
Hey Mike,
Kite boarding was great, still learning though....
Kite boarding.. Sports..
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  #44990  
Old Sep 30, 2009 8:33pm
supremeChaos's Avatar
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Member Since Feb 2009
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Quote:
Originally Posted by Dale View Post
There where only sell stop orders...
What you all think of the location?
....
I think u want to take advantage of potential upmove, but u are also aware of possibility of downmove (sell stop).
current location (based on that chart) is a traffic zone, imho. weekly chart shows possible immediate bumps ahead, while the downside definitely has a lot of room with much less traffic.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #44992  
Old Sep 30, 2009 8:36pm
supremeChaos's Avatar
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Member Since Feb 2009
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Quote:
Originally Posted by bundyraider View Post
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!!...
...
LOL, u want some BIG discount huh?
__________________
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  #44997  
Old Sep 30, 2009 9:02pm
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Quote:
Originally Posted by Dale View Post
Hey Mike,
Kite boarding was great, still learning though....
Kite boarding.. Sports..
__________________
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  #44990  
Old Sep 30, 2009 8:33pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Dale View Post
There where only sell stop orders...
What you all think of the location?
....
I think u want to take advantage of potential upmove, but u are also aware of possibility of downmove (sell stop).
current location (based on that chart) is a traffic zone, imho. weekly chart shows possible immediate bumps ahead, while the downside definitely has a lot of room with much less traffic.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #44992  
Old Sep 30, 2009 8:36pm
supremeChaos's Avatar
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Member Since Feb 2009
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Quote:
Originally Posted by bundyraider View Post
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!!...
...
LOL, u want some BIG discount huh?
__________________
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if it is to be, it's up to me
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  #44997  
Old Sep 30, 2009 9:02pm
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Quote:
Originally Posted by Dale View Post
Hey Mike,
Kite boarding was great, still learning though....
Kite boarding.. Sports..
__________________
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  #45002  
Old Sep 30, 2009 9:31pm
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Quote:
Originally Posted by StoragePro View Post
A hurricane would be required to get me moving...
lol...
a hurricane will induce u to move or a hurricane will help u to move?
Can u clarify, Sir?
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  #45004  
Old Sep 30, 2009 9:53pm
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Quote:
Originally Posted by Dale View Post
quite relaxing to see that video.
btw, 1 of the videos says it was done in Boracay, a nice beach here in my country. was a little surprised to see that.



Quote:
Originally Posted by StoragePro View Post
I'd need a Hurricane to fill me sails to get me and the board moving.
Hmmmm...
i think u will be surprised once u are at the mercy of the wind & water combo.
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  #45009  
Old Sep 30, 2009 10:26pm
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Quote:
Originally Posted by gjworley1952 View Post
.....
Boracay , of all the places i ve been . It is one of my favorite . Simply gorgeous
Thanks Sir, glad u liked it there.
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  #45002  
Old Sep 30, 2009 9:31pm
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Quote:
Originally Posted by StoragePro View Post
A hurricane would be required to get me moving...
lol...
a hurricane will induce u to move or a hurricane will help u to move?
Can u clarify, Sir?
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  #45004  
Old Sep 30, 2009 9:53pm
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Quote:
Originally Posted by Dale View Post
quite relaxing to see that video.
btw, 1 of the videos says it was done in Boracay, a nice beach here in my country. was a little surprised to see that.



Quote:
Originally Posted by StoragePro View Post
I'd need a Hurricane to fill me sails to get me and the board moving.
Hmmmm...
i think u will be surprised once u are at the mercy of the wind & water combo.
__________________
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  #45009  
Old Sep 30, 2009 10:26pm
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Quote:
Originally Posted by gjworley1952 View Post
.....
Boracay , of all the places i ve been . It is one of my favorite . Simply gorgeous
Thanks Sir, glad u liked it there.
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  #45002  
Old Sep 30, 2009 9:31pm
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Quote:
Originally Posted by StoragePro View Post
A hurricane would be required to get me moving...
lol...
a hurricane will induce u to move or a hurricane will help u to move?
Can u clarify, Sir?
__________________
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  #45004  
Old Sep 30, 2009 9:53pm
supremeChaos's Avatar
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Quote:
Originally Posted by Dale View Post
quite relaxing to see that video.
btw, 1 of the videos says it was done in Boracay, a nice beach here in my country. was a little surprised to see that.



Quote:
Originally Posted by StoragePro View Post
I'd need a Hurricane to fill me sails to get me and the board moving.
Hmmmm...
i think u will be surprised once u are at the mercy of the wind & water combo.
__________________
Failure is the mother of success: learn from 'her'
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  #45009  
Old Sep 30, 2009 10:26pm
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Quote:
Originally Posted by gjworley1952 View Post
.....
Boracay , of all the places i ve been . It is one of my favorite . Simply gorgeous
Thanks Sir, glad u liked it there.
__________________
Failure is the mother of success: learn from 'her'
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  #45002  
Old Sep 30, 2009 9:31pm
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Quote:
Originally Posted by StoragePro View Post
A hurricane would be required to get me moving...
lol...
a hurricane will induce u to move or a hurricane will help u to move?
Can u clarify, Sir?
__________________
Failure is the mother of success: learn from 'her'
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  #45004  
Old Sep 30, 2009 9:53pm
supremeChaos's Avatar
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Quote:
Originally Posted by Dale View Post
quite relaxing to see that video.
btw, 1 of the videos says it was done in Boracay, a nice beach here in my country. was a little surprised to see that.



Quote:
Originally Posted by StoragePro View Post
I'd need a Hurricane to fill me sails to get me and the board moving.
Hmmmm...
i think u will be surprised once u are at the mercy of the wind & water combo.
__________________
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  #45009  
Old Sep 30, 2009 10:26pm
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Quote:
Originally Posted by gjworley1952 View Post
.....
Boracay , of all the places i ve been . It is one of my favorite . Simply gorgeous
Thanks Sir, glad u liked it there.
__________________
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  #45254  
Old Oct 5, 2009 2:26am
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Quote:
Originally Posted by StoragePro View Post
After about 4 years of looking in on the FF, I am saying goodbye.....
Feels like your stay here was pretty short, but it was meaningful.
Hope u will lurk & post from time to time.
Good luck, God bless & thank you!


Quote:
Originally Posted by james16 View Post
i think/wish you need/would (to) reconsider.
I AGREE!!
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  #45254  
Old Oct 5, 2009 2:26am
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Quote:
Originally Posted by StoragePro View Post
After about 4 years of looking in on the FF, I am saying goodbye.....
Feels like your stay here was pretty short, but it was meaningful.
Hope u will lurk & post from time to time.
Good luck, God bless & thank you!


Quote:
Originally Posted by james16 View Post
i think/wish you need/would (to) reconsider.
I AGREE!!
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  #45268  
Old Oct 5, 2009 12:09pm
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Quote:
Originally Posted by g_j_hook@yah View Post
hi guys, i have a problem with my charts on fxpro and i was hoping for your input??
my trend lines dont stay where they are supposed to anymore!!??....
jon
jon,
this thread may help. see post #17 there too.
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  #45254  
Old Oct 5, 2009 2:26am
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Member Since Feb 2009
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Quote:
Originally Posted by StoragePro View Post
After about 4 years of looking in on the FF, I am saying goodbye.....
Feels like your stay here was pretty short, but it was meaningful.
Hope u will lurk & post from time to time.
Good luck, God bless & thank you!


Quote:
Originally Posted by james16 View Post
i think/wish you need/would (to) reconsider.
I AGREE!!
__________________
Failure is the mother of success: learn from 'her'
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  #45268  
Old Oct 5, 2009 12:09pm
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Quote:
Originally Posted by g_j_hook@yah View Post
hi guys, i have a problem with my charts on fxpro and i was hoping for your input??
my trend lines dont stay where they are supposed to anymore!!??....
jon
jon,
this thread may help. see post #17 there too.
__________________
Failure is the mother of success: learn from 'her'
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  #45254  
Old Oct 5, 2009 2:26am
supremeChaos's Avatar
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Member Since Feb 2009
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Quote:
Originally Posted by StoragePro View Post
After about 4 years of looking in on the FF, I am saying goodbye.....
Feels like your stay here was pretty short, but it was meaningful.
Hope u will lurk & post from time to time.
Good luck, God bless & thank you!


Quote:
Originally Posted by james16 View Post
i think/wish you need/would (to) reconsider.
I AGREE!!
__________________
Failure is the mother of success: learn from 'her'
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  #45271  
Old Oct 5, 2009 2:35pm
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Quote:
Originally Posted by jarroo View Post
Big Bars Rule! Target hit.
What's the draw down on this one . . . . 2 pip? lol Did I mention that I like Mondays.
lol.
EXCCCCELLENT, chart & trade Sir.
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  #45272  
Old Oct 5, 2009 2:35pm
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Quote:
Originally Posted by bundyraider View Post
Hi again Tingus.
Forgetting some older lessons is normal. We all forget to check important things occasionally.
Example again... ....
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
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  #45268  
Old Oct 5, 2009 12:09pm
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Quote:
Originally Posted by g_j_hook@yah View Post
hi guys, i have a problem with my charts on fxpro and i was hoping for your input??
my trend lines dont stay where they are supposed to anymore!!??....
jon
jon,
this thread may help. see post #17 there too.
__________________
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  #45271  
Old Oct 5, 2009 2:35pm
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Quote:
Originally Posted by jarroo View Post
Big Bars Rule! Target hit.
What's the draw down on this one . . . . 2 pip? lol Did I mention that I like Mondays.
lol.
EXCCCCELLENT, chart & trade Sir.
__________________
Failure is the mother of success: learn from 'her'
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  #45272  
Old Oct 5, 2009 2:35pm
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Quote:
Originally Posted by bundyraider View Post
Hi again Tingus.
Forgetting some older lessons is normal. We all forget to check important things occasionally.
Example again... ....
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
__________________
Failure is the mother of success: learn from 'her'
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  #45268  
Old Oct 5, 2009 12:09pm
supremeChaos's Avatar
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Member Since Feb 2009
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Quote:
Originally Posted by g_j_hook@yah View Post
hi guys, i have a problem with my charts on fxpro and i was hoping for your input??
my trend lines dont stay where they are supposed to anymore!!??....
jon
jon,
this thread may help. see post #17 there too.
__________________
Failure is the mother of success: learn from 'her'
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  #45271  
Old Oct 5, 2009 2:35pm
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Quote:
Originally Posted by jarroo View Post
Big Bars Rule! Target hit.
What's the draw down on this one . . . . 2 pip? lol Did I mention that I like Mondays.
lol.
EXCCCCELLENT, chart & trade Sir.
__________________
Failure is the mother of success: learn from 'her'
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  #45272  
Old Oct 5, 2009 2:35pm
supremeChaos's Avatar
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Member Since Feb 2009
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Quote:
Originally Posted by bundyraider View Post
Hi again Tingus.
Forgetting some older lessons is normal. We all forget to check important things occasionally.
Example again... ....
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
__________________
Failure is the mother of success: learn from 'her'
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  #45271  
Old Oct 5, 2009 2:35pm
supremeChaos's Avatar
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Member Since Feb 2009
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Quote:
Originally Posted by jarroo View Post
Big Bars Rule! Target hit.
What's the draw down on this one . . . . 2 pip? lol Did I mention that I like Mondays.
lol.
EXCCCCELLENT, chart & trade Sir.
__________________
Failure is the mother of success: learn from 'her'
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  #45272  
Old Oct 5, 2009 2:35pm
supremeChaos's Avatar
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Member Since Feb 2009
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Quote:
Originally Posted by bundyraider View Post
Hi again Tingus.
Forgetting some older lessons is normal. We all forget to check important things occasionally.
Example again... ....
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
__________________
Failure is the mother of success: learn from 'her'
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  #45314  
Old Oct 6, 2009 5:44am
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Quote:
Originally Posted by g_j_hook@yah View Post
morning...
well that did nt work out as i hoped for!! maybe i was a bit bias to the downside?! BUT.. thanx to the good teaching here i was able to get out without too much damage
....
hey jon,
to me eurusd has been biased to go higher since the 1.4480 low (Oct.2).
looking at your chart, u may have missed the MACD & RSI bull. divergence from that price onwards. & the 1.46 area (bull flag) corresponded with your MACD's traverse of the 0 level to the upside (& RSI looks like bouncing from 50 level).
j16 method saved u (from further damage)
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  #45314  
Old Oct 6, 2009 5:44am
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Quote:
Originally Posted by g_j_hook@yah View Post
morning...
well that did nt work out as i hoped for!! maybe i was a bit bias to the downside?! BUT.. thanx to the good teaching here i was able to get out without too much damage
....
hey jon,
to me eurusd has been biased to go higher since the 1.4480 low (Oct.2).
looking at your chart, u may have missed the MACD & RSI bull. divergence from that price onwards. & the 1.46 area (bull flag) corresponded with your MACD's traverse of the 0 level to the upside (& RSI looks like bouncing from 50 level).
j16 method saved u (from further damage)
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  #45317  
Old Oct 6, 2009 6:32am
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Quote:
Anyone think this BEOB is tradable - until at least the bottom ?
pipmyride,
which MT4 is that? has the candle closed already?

no charts but...
imho, if we tread 1.5900-1.5930 with momentum, then there maybe a possibility for further downmove. if that happens, seems to me 1.5550-1.58, if at all, will be the next traffic area.
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  #45327  
Old Oct 6, 2009 8:15am
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Quote:
Originally Posted by pipmyride View Post
Yep - with you on those thoughts - its also nice to see the following building on the daily (albeit a looooong way to go i know)
dont forget to check the weekly & monthly too.
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  #45328  
Old Oct 6, 2009 8:28am
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Quote:
Originally Posted by Lyra View Post
Hi. I shorted the pinbar on G/U Daily last week (pin no.1), ... 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.....
1st, i think not all breakouts have sustained moves, it still depends on factors like chart situation (consolidation/length of consolidation), & other possible scenarios/factors. some may be false breakouts, or some are just short-term breakouts. breakout trade 'targets' may or may not be reached.

2nd on trade mgmt., what u could have done is u could've traded it with 2-3positions/lots (several here do this), 1-2 positions exit on 1st trouble area, then put remaining position behind an S/R, ppz, round number or .50 area. i think u could've exited with +/-100pips from the break of that PB (PB #1). 100pips profit, imho, is great enough.
were u stopped out on full position? my stop could have been behind 1.60 or 1.6050, OR a trailing stop hit by the reverse (bullish) PB.

do wait for the other replies here, several here are more experienced with daily/weekly trades.
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  #45330  
Old Oct 6, 2009 8:40am
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Quote:
Originally Posted by g_j_hook@yah View Post
hi SupremeC,(dont u ever sleep??) yep i should have taken more notice of that flag/channel break but the problem for me was the boundary lines were untested and rather messy to take as a trade. ...
yes, i do sleep... more than ever. lol

are u referring to the boundary lines = down trend line on your chart?
if so, i'm sure u know that that TL doesnt need to be re-tested to the pip for it to validate the 'breakout' & shoot up.
also, that BUOB on your chart was off 1.46.

same with PA shape, im not so strict when it comes to PA shape. i am also in the camp that prefers/puts more emphasis/importance on location than PA shape.

just my view folks.
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  #45314  
Old Oct 6, 2009 5:44am
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Quote:
Originally Posted by g_j_hook@yah View Post
morning...
well that did nt work out as i hoped for!! maybe i was a bit bias to the downside?! BUT.. thanx to the good teaching here i was able to get out without too much damage
....
hey jon,
to me eurusd has been biased to go higher since the 1.4480 low (Oct.2).
looking at your chart, u may have missed the MACD & RSI bull. divergence from that price onwards. & the 1.46 area (bull flag) corresponded with your MACD's traverse of the 0 level to the upside (& RSI looks like bouncing from 50 level).
j16 method saved u (from further damage)
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  #45317  
Old Oct 6, 2009 6:32am
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Quote:
Anyone think this BEOB is tradable - until at least the bottom ?
pipmyride,
which MT4 is that? has the candle closed already?

no charts but...
imho, if we tread 1.5900-1.5930 with momentum, then there maybe a possibility for further downmove. if that happens, seems to me 1.5550-1.58, if at all, will be the next traffic area.
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  #45327  
Old Oct 6, 2009 8:15am
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Quote:
Originally Posted by pipmyride View Post
Yep - with you on those thoughts - its also nice to see the following building on the daily (albeit a looooong way to go i know)
dont forget to check the weekly & monthly too.
__________________
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  #45328  
Old Oct 6, 2009 8:28am
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Quote:
Originally Posted by Lyra View Post
Hi. I shorted the pinbar on G/U Daily last week (pin no.1), ... 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.....
1st, i think not all breakouts have sustained moves, it still depends on factors like chart situation (consolidation/length of consolidation), & other possible scenarios/factors. some may be false breakouts, or some are just short-term breakouts. breakout trade 'targets' may or may not be reached.

2nd on trade mgmt., what u could have done is u could've traded it with 2-3positions/lots (several here do this), 1-2 positions exit on 1st trouble area, then put remaining position behind an S/R, ppz, round number or .50 area. i think u could've exited with +/-100pips from the break of that PB (PB #1). 100pips profit, imho, is great enough.
were u stopped out on full position? my stop could have been behind 1.60 or 1.6050, OR a trailing stop hit by the reverse (bullish) PB.

do wait for the other replies here, several here are more experienced with daily/weekly trades.
__________________
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  #45330  
Old Oct 6, 2009 8:40am
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Member Since Feb 2009
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Quote:
Originally Posted by g_j_hook@yah View Post
hi SupremeC,(dont u ever sleep??) yep i should have taken more notice of that flag/channel break but the problem for me was the boundary lines were untested and rather messy to take as a trade. ...
yes, i do sleep... more than ever. lol

are u referring to the boundary lines = down trend line on your chart?
if so, i'm sure u know that that TL doesnt need to be re-tested to the pip for it to validate the 'breakout' & shoot up.
also, that BUOB on your chart was off 1.46.

same with PA shape, im not so strict when it comes to PA shape. i am also in the camp that prefers/puts more emphasis/importance on location than PA shape.

just my view folks.
__________________
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  #45314  
Old Oct 6, 2009 5:44am
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Member Since Feb 2009
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Quote:
Originally Posted by g_j_hook@yah View Post
morning...
well that did nt work out as i hoped for!! maybe i was a bit bias to the downside?! BUT.. thanx to the good teaching here i was able to get out without too much damage
....
hey jon,
to me eurusd has been biased to go higher since the 1.4480 low (Oct.2).
looking at your chart, u may have missed the MACD & RSI bull. divergence from that price onwards. & the 1.46 area (bull flag) corresponded with your MACD's traverse of the 0 level to the upside (& RSI looks like bouncing from 50 level).
j16 method saved u (from further damage)
__________________
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  #45317  
Old Oct 6, 2009 6:32am
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Member Since Feb 2009
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Quote:
Anyone think this BEOB is tradable - until at least the bottom ?
pipmyride,
which MT4 is that? has the candle closed already?

no charts but...
imho, if we tread 1.5900-1.5930 with momentum, then there maybe a possibility for further downmove. if that happens, seems to me 1.5550-1.58, if at all, will be the next traffic area.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #45327  
Old Oct 6, 2009 8:15am
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Quote:
Originally Posted by pipmyride View Post
Yep - with you on those thoughts - its also nice to see the following building on the daily (albeit a looooong way to go i know)
dont forget to check the weekly & monthly too.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #45328  
Old Oct 6, 2009 8:28am
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Member Since Feb 2009
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Quote:
Originally Posted by Lyra View Post
Hi. I shorted the pinbar on G/U Daily last week (pin no.1), ... 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.....
1st, i think not all breakouts have sustained moves, it still depends on factors like chart situation (consolidation/length of consolidation), & other possible scenarios/factors. some may be false breakouts, or some are just short-term breakouts. breakout trade 'targets' may or may not be reached.

2nd on trade mgmt., what u could have done is u could've traded it with 2-3positions/lots (several here do this), 1-2 positions exit on 1st trouble area, then put remaining position behind an S/R, ppz, round number or .50 area. i think u could've exited with +/-100pips from the break of that PB (PB #1). 100pips profit, imho, is great enough.
were u stopped out on full position? my stop could have been behind 1.60 or 1.6050, OR a trailing stop hit by the reverse (bullish) PB.

do wait for the other replies here, several here are more experienced with daily/weekly trades.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #45330  
Old Oct 6, 2009 8:40am
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Member Since Feb 2009
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Quote:
Originally Posted by g_j_hook@yah View Post
hi SupremeC,(dont u ever sleep??) yep i should have taken more notice of that flag/channel break but the problem for me was the boundary lines were untested and rather messy to take as a trade. ...
yes, i do sleep... more than ever. lol

are u referring to the boundary lines = down trend line on your chart?
if so, i'm sure u know that that TL doesnt need to be re-tested to the pip for it to validate the 'breakout' & shoot up.
also, that BUOB on your chart was off 1.46.

same with PA shape, im not so strict when it comes to PA shape. i am also in the camp that prefers/puts more emphasis/importance on location than PA shape.

just my view folks.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #45317  
Old Oct 6, 2009 6:32am
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Member Since Feb 2009
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Quote:
Anyone think this BEOB is tradable - until at least the bottom ?
pipmyride,
which MT4 is that? has the candle closed already?

no charts but...
imho, if we tread 1.5900-1.5930 with momentum, then there maybe a possibility for further downmove. if that happens, seems to me 1.5550-1.58, if at all, will be the next traffic area.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #45327  
Old Oct 6, 2009 8:15am
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Member Since Feb 2009
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Quote:
Originally Posted by pipmyride View Post
Yep - with you on those thoughts - its also nice to see the following building on the daily (albeit a looooong way to go i know)
dont forget to check the weekly & monthly too.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #45328  
Old Oct 6, 2009 8:28am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Lyra View Post
Hi. I shorted the pinbar on G/U Daily last week (pin no.1), ... 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.....
1st, i think not all breakouts have sustained moves, it still depends on factors like chart situation (consolidation/length of consolidation), & other possible scenarios/factors. some may be false breakouts, or some are just short-term breakouts. breakout trade 'targets' may or may not be reached.

2nd on trade mgmt., what u could have done is u could've traded it with 2-3positions/lots (several here do this), 1-2 positions exit on 1st trouble area, then put remaining position behind an S/R, ppz, round number or .50 area. i think u could've exited with +/-100pips from the break of that PB (PB #1). 100pips profit, imho, is great enough.
were u stopped out on full position? my stop could have been behind 1.60 or 1.6050, OR a trailing stop hit by the reverse (bullish) PB.

do wait for the other replies here, several here are more experienced with daily/weekly trades.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #45330  
Old Oct 6, 2009 8:40am
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Member Since Feb 2009
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Quote:
Originally Posted by g_j_hook@yah View Post
hi SupremeC,(dont u ever sleep??) yep i should have taken more notice of that flag/channel break but the problem for me was the boundary lines were untested and rather messy to take as a trade. ...
yes, i do sleep... more than ever. lol

are u referring to the boundary lines = down trend line on your chart?
if so, i'm sure u know that that TL doesnt need to be re-tested to the pip for it to validate the 'breakout' & shoot up.
also, that BUOB on your chart was off 1.46.

same with PA shape, im not so strict when it comes to PA shape. i am also in the camp that prefers/puts more emphasis/importance on location than PA shape.

just my view folks.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #45370  
Old Oct 6, 2009 10:37pm
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Quote:
Originally Posted by bundyraider View Post
Slow day??
Hey , can anyone please tell me when daylight savings ends in the U.S.?
Quote:
Originally Posted by flyer415 View Post
01 Nov
Quote:
Originally Posted by TiaForex View Post
Me too bundy....
Here, this will probably help
DST 2009
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  #45371  
Old Oct 6, 2009 10:42pm
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Quote:
Originally Posted by mbqb11 View Post
Hey B
...The place James teaches is to have them at swing high points. Let me know if you need help understanding swing points I would be glad to help
swing high/low?
No need to repeat, Sir.
u just had a recent post about this, on Oct.2.
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  #45375  
Old Oct 6, 2009 11:18pm
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Quote:
Originally Posted by bundyraider View Post
...
You legend!
So it's a week earlier than our friends in NYC..
Quote:
Originally Posted by mbqb11 View Post
O NICE!
Thanks supreme I forgot my own posts
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.
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  #45370  
Old Oct 6, 2009 10:37pm
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Quote:
Originally Posted by bundyraider View Post
Slow day??
Hey , can anyone please tell me when daylight savings ends in the U.S.?
Quote:
Originally Posted by flyer415 View Post
01 Nov
Quote:
Originally Posted by TiaForex View Post
Me too bundy....
Here, this will probably help
DST 2009
__________________
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  #45371  
Old Oct 6, 2009 10:42pm
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Quote:
Originally Posted by mbqb11 View Post
Hey B
...The place James teaches is to have them at swing high points. Let me know if you need help understanding swing points I would be glad to help
swing high/low?
No need to repeat, Sir.
u just had a recent post about this, on Oct.2.
__________________
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  #45375  
Old Oct 6, 2009 11:18pm
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Quote:
Originally Posted by bundyraider View Post
...
You legend!
So it's a week earlier than our friends in NYC..
Quote:
Originally Posted by mbqb11 View Post
O NICE!
Thanks supreme I forgot my own posts
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.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #45370  
Old Oct 6, 2009 10:37pm
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Quote:
Originally Posted by bundyraider View Post
Slow day??
Hey , can anyone please tell me when daylight savings ends in the U.S.?
Quote:
Originally Posted by flyer415 View Post
01 Nov
Quote:
Originally Posted by TiaForex View Post
Me too bundy....
Here, this will probably help
DST 2009
__________________
Failure is the mother of success: learn from 'her'
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  #45371  
Old Oct 6, 2009 10:42pm
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Quote:
Originally Posted by mbqb11 View Post
Hey B
...The place James teaches is to have them at swing high points. Let me know if you need help understanding swing points I would be glad to help
swing high/low?
No need to repeat, Sir.
u just had a recent post about this, on Oct.2.
__________________
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  #45375  
Old Oct 6, 2009 11:18pm
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Quote:
Originally Posted by bundyraider View Post
...
You legend!
So it's a week earlier than our friends in NYC..
Quote:
Originally Posted by mbqb11 View Post
O NICE!
Thanks supreme I forgot my own posts
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.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #45379  
Old Oct 6, 2009 11:45pm
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Quote:
Originally Posted by jarroo View Post
Da ja vue. Don't these PBs on the Gbp/Usd look similar? (light blue boxes) Could we be ready for a similar move but this time down?
....
interesting observation Sir, i almost missed that one.

is it moving down? u bet. i said so before. i am a clairvoyant. lol
kidding aside, let's watch what happens.


Quote:
Originally Posted by supremeChaos View Post
....
another alternative view is that this "range breakout" above 1.66 could possibly be a false one, & may take price immediately back in the range (to +/- 1.65) or perhaps even (break) below the range.
i have been learning further & further...
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  #45381  
Old Oct 6, 2009 11:55pm
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Quote:
Originally Posted by supermatt View Post
swiss yen? anyone interested in this? broke 87 then came back to retest forming 2 pins?
probably not worth the risk once you enter 10 pips below break of pins and with 86 looming 10 or so pips away
i think this needs a move through 86.00-30 with momentum, so be careful here.


**********************
First reference to James16 THIS IS CRITICAL since this thread breached the 3000-page mark:
(i'll probably do this every 500 or 1000 pages. )

THIS IS CRITICAL.
WE MUST LEARN TO:
1. notice a strong s/r area just beyond our pa if it exists.
2. know that if we trade into it we had better be prepared for a quick reversal that could give us a loss if we are not prepared.

if we know its there we have several choices.

1. get out when it gets there for a small profit.
2. take a small partial profit and move the remainder to BE.
3. stay in with your total position hoping for a break and move your stop to BE.
4. Dont enter until the level has been broken.
__________________
Failure is the mother of success: learn from 'her'
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  #45384  
Old Oct 7, 2009 12:29am
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Quote:
Originally Posted by mike w View Post
Ahh....
That's awesome and speaking of awesome, that video you sent over was ridiculous. I'd love to try that out sometime very very soon while I'm still stationed up here in the north. That's one of the few extreme sports that I haven't done yet.
which extreme sport?
is it just like kiteboarding which we recently discussed here about?
which sports have u been into lately?

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  #45386  
Old Oct 7, 2009 1:25am
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Quote:
Originally Posted by mike w View Post
It's kinda like kiteboarding but a lot crazier. BR made a post about para-skiing. Skiing the slopes with a parachute on ya- It looks ridiculously fun. Other than that, I do a little bit of everything when the opportunity is there brother haha
ah... i have seen that on Tv before. looks exciting..
another form of Multitasking..

since we dont have snow here, i might as well practice skiing thru these flooded roofs & stacked cars first.

anyway, back to trading...
Attached Images
   
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  #45390  
Old Oct 7, 2009 4:46am
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FinnTrader,
wow, very nice looking PB, in my view.
having said that, here are some thoughts

Quote:
Is there so much difference if the bar closes almost as a pin bar vs. closes clearly as a pin bar, in this case 5pips higher?
u mean, it should've closed above, not below the PB's open?
i think it would really make a difference if price closed above the open. WHY? if u noticed, $cad is in a downtrend.

personally, i would've taken this. if i did, i will monitor momentum. what happened is after the PB, price ranged around the 1.06 area, instead of shooting upwards, for 3 H4 bars (that's 12hours of no expected action!!; REMEMBER: "a good setup is a high momentum setup" --jarroo). this will give me concern & lead me to think/re-think my [buy] trade (specifically considering the lack of action & the current [down] trend). so probably, i would've tightened my stop &/or closed my buy trade ASAP ---definitely i would not take a full bar loss in this one.

so, key points in this trade are:
-momentum
-jarroo's quote
-trend
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  #45370  
Old Oct 6, 2009 10:37pm
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Quote:
Originally Posted by bundyraider View Post
Slow day??
Hey , can anyone please tell me when daylight savings ends in the U.S.?
Quote:
Originally Posted by flyer415 View Post
01 Nov
Quote:
Originally Posted by TiaForex View Post
Me too bundy....
Here, this will probably help
DST 2009
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
Reply With Quote
  #45371  
Old Oct 6, 2009 10:42pm
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Quote:
Originally Posted by mbqb11 View Post
Hey B
...The place James teaches is to have them at swing high points. Let me know if you need help understanding swing points I would be glad to help
swing high/low?
No need to repeat, Sir.
u just had a recent post about this, on Oct.2.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #45375  
Old Oct 6, 2009 11:18pm
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Member Since Feb 2009
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Quote:
Originally Posted by bundyraider View Post
...
You legend!
So it's a week earlier than our friends in NYC..
Quote:
Originally Posted by mbqb11 View Post
O NICE!
Thanks supreme I forgot my own posts
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.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
Reply With Quote
  #45379  
Old Oct 6, 2009 11:45pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by jarroo View Post
Da ja vue. Don't these PBs on the Gbp/Usd look similar? (light blue boxes) Could we be ready for a similar move but this time down?
....
interesting observation Sir, i almost missed that one.

is it moving down? u bet. i said so before. i am a clairvoyant. lol
kidding aside, let's watch what happens.


Quote:
Originally Posted by supremeChaos View Post
....
another alternative view is that this "range breakout" above 1.66 could possibly be a false one, & may take price immediately back in the range (to +/- 1.65) or perhaps even (break) below the range.
i have been learning further & further...
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #45381  
Old Oct 6, 2009 11:55pm
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Member Since Feb 2009
Default

Quote:
Originally Posted by supermatt View Post
swiss yen? anyone interested in this? broke 87 then came back to retest forming 2 pins?
probably not worth the risk once you enter 10 pips below break of pins and with 86 looming 10 or so pips away
i think this needs a move through 86.00-30 with momentum, so be careful here.


**********************
First reference to James16 THIS IS CRITICAL since this thread breached the 3000-page mark:
(i'll probably do this every 500 or 1000 pages. )

THIS IS CRITICAL.
WE MUST LEARN TO:
1. notice a strong s/r area just beyond our pa if it exists.
2. know that if we trade into it we had better be prepared for a quick reversal that could give us a loss if we are not prepared.

if we know its there we have several choices.

1. get out when it gets there for a small profit.
2. take a small partial profit and move the remainder to BE.
3. stay in with your total position hoping for a break and move your stop to BE.
4. Dont enter until the level has been broken.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
Reply With Quote
  #45384  
Old Oct 7, 2009 12:29am
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Member Since Feb 2009
Default

Quote:
Originally Posted by mike w View Post
Ahh....
That's awesome and speaking of awesome, that video you sent over was ridiculous. I'd love to try that out sometime very very soon while I'm still stationed up here in the north. That's one of the few extreme sports that I haven't done yet.
which extreme sport?
is it just like kiteboarding which we recently discussed here about?
which sports have u been into lately?

__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
Reply With Quote
  #45386  
Old Oct 7, 2009 1:25am
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Quote:
Originally Posted by mike w View Post
It's kinda like kiteboarding but a lot crazier. BR made a post about para-skiing. Skiing the slopes with a parachute on ya- It looks ridiculously fun. Other than that, I do a little bit of everything when the opportunity is there brother haha
ah... i have seen that on Tv before. looks exciting..
another form of Multitasking..

since we dont have snow here, i might as well practice skiing thru these flooded roofs & stacked cars first.

anyway, back to trading...
Attached Images
   
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  #45390  
Old Oct 7, 2009 4:46am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

FinnTrader,
wow, very nice looking PB, in my view.
having said that, here are some thoughts

Quote:
Is there so much difference if the bar closes almost as a pin bar vs. closes clearly as a pin bar, in this case 5pips higher?
u mean, it should've closed above, not below the PB's open?
i think it would really make a difference if price closed above the open. WHY? if u noticed, $cad is in a downtrend.

personally, i would've taken this. if i did, i will monitor momentum. what happened is after the PB, price ranged around the 1.06 area, instead of shooting upwards, for 3 H4 bars (that's 12hours of no expected action!!; REMEMBER: "a good setup is a high momentum setup" --jarroo). this will give me concern & lead me to think/re-think my [buy] trade (specifically considering the lack of action & the current [down] trend). so probably, i would've tightened my stop &/or closed my buy trade ASAP ---definitely i would not take a full bar loss in this one.

so, key points in this trade are:
-momentum
-jarroo's quote
-trend
__________________
Failure is the mother of success: learn from 'her'
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  #45379  
Old Oct 6, 2009 11:45pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
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Quote:
Originally Posted by jarroo View Post
Da ja vue. Don't these PBs on the Gbp/Usd look similar? (light blue boxes) Could we be ready for a similar move but this time down?
....
interesting observation Sir, i almost missed that one.

is it moving down? u bet. i said so before. i am a clairvoyant. lol
kidding aside, let's watch what happens.


Quote:
Originally Posted by supremeChaos View Post
....
another alternative view is that this "range breakout" above 1.66 could possibly be a false one, & may take price immediately back in the range (to +/- 1.65) or perhaps even (break) below the range.
i have been learning further & further...
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #45381  
Old Oct 6, 2009 11:55pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by supermatt View Post
swiss yen? anyone interested in this? broke 87 then came back to retest forming 2 pins?
probably not worth the risk once you enter 10 pips below break of pins and with 86 looming 10 or so pips away
i think this needs a move through 86.00-30 with momentum, so be careful here.


**********************
First reference to James16 THIS IS CRITICAL since this thread breached the 3000-page mark:
(i'll probably do this every 500 or 1000 pages. )

THIS IS CRITICAL.
WE MUST LEARN TO:
1. notice a strong s/r area just beyond our pa if it exists.
2. know that if we trade into it we had better be prepared for a quick reversal that could give us a loss if we are not prepared.

if we know its there we have several choices.

1. get out when it gets there for a small profit.
2. take a small partial profit and move the remainder to BE.
3. stay in with your total position hoping for a break and move your stop to BE.
4. Dont enter until the level has been broken.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #45384  
Old Oct 7, 2009 12:29am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by mike w View Post
Ahh....
That's awesome and speaking of awesome, that video you sent over was ridiculous. I'd love to try that out sometime very very soon while I'm still stationed up here in the north. That's one of the few extreme sports that I haven't done yet.
which extreme sport?
is it just like kiteboarding which we recently discussed here about?
which sports have u been into lately?

__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #45386  
Old Oct 7, 2009 1:25am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by mike w View Post
It's kinda like kiteboarding but a lot crazier. BR made a post about para-skiing. Skiing the slopes with a parachute on ya- It looks ridiculously fun. Other than that, I do a little bit of everything when the opportunity is there brother haha
ah... i have seen that on Tv before. looks exciting..
another form of Multitasking..

since we dont have snow here, i might as well practice skiing thru these flooded roofs & stacked cars first.

anyway, back to trading...
Attached Images
   
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
Reply With Quote
  #45390  
Old Oct 7, 2009 4:46am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

FinnTrader,
wow, very nice looking PB, in my view.
having said that, here are some thoughts

Quote:
Is there so much difference if the bar closes almost as a pin bar vs. closes clearly as a pin bar, in this case 5pips higher?
u mean, it should've closed above, not below the PB's open?
i think it would really make a difference if price closed above the open. WHY? if u noticed, $cad is in a downtrend.

personally, i would've taken this. if i did, i will monitor momentum. what happened is after the PB, price ranged around the 1.06 area, instead of shooting upwards, for 3 H4 bars (that's 12hours of no expected action!!; REMEMBER: "a good setup is a high momentum setup" --jarroo). this will give me concern & lead me to think/re-think my [buy] trade (specifically considering the lack of action & the current [down] trend). so probably, i would've tightened my stop &/or closed my buy trade ASAP ---definitely i would not take a full bar loss in this one.

so, key points in this trade are:
-momentum
-jarroo's quote
-trend
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
Reply With Quote
  #45379  
Old Oct 6, 2009 11:45pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by jarroo View Post
Da ja vue. Don't these PBs on the Gbp/Usd look similar? (light blue boxes) Could we be ready for a similar move but this time down?
....
interesting observation Sir, i almost missed that one.

is it moving down? u bet. i said so before. i am a clairvoyant. lol
kidding aside, let's watch what happens.


Quote:
Originally Posted by supremeChaos View Post
....
another alternative view is that this "range breakout" above 1.66 could possibly be a false one, & may take price immediately back in the range (to +/- 1.65) or perhaps even (break) below the range.
i have been learning further & further...
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
Reply With Quote
  #45381  
Old Oct 6, 2009 11:55pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by supermatt View Post
swiss yen? anyone interested in this? broke 87 then came back to retest forming 2 pins?
probably not worth the risk once you enter 10 pips below break of pins and with 86 looming 10 or so pips away
i think this needs a move through 86.00-30 with momentum, so be careful here.


**********************
First reference to James16 THIS IS CRITICAL since this thread breached the 3000-page mark:
(i'll probably do this every 500 or 1000 pages. )

THIS IS CRITICAL.
WE MUST LEARN TO:
1. notice a strong s/r area just beyond our pa if it exists.
2. know that if we trade into it we had better be prepared for a quick reversal that could give us a loss if we are not prepared.

if we know its there we have several choices.

1. get out when it gets there for a small profit.
2. take a small partial profit and move the remainder to BE.
3. stay in with your total position hoping for a break and move your stop to BE.
4. Dont enter until the level has been broken.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
Reply With Quote
  #45384  
Old Oct 7, 2009 12:29am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by mike w View Post
Ahh....
That's awesome and speaking of awesome, that video you sent over was ridiculous. I'd love to try that out sometime very very soon while I'm still stationed up here in the north. That's one of the few extreme sports that I haven't done yet.
which extreme sport?
is it just like kiteboarding which we recently discussed here about?
which sports have u been into lately?

__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
Reply With Quote
  #45386  
Old Oct 7, 2009 1:25am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by mike w View Post
It's kinda like kiteboarding but a lot crazier. BR made a post about para-skiing. Skiing the slopes with a parachute on ya- It looks ridiculously fun. Other than that, I do a little bit of everything when the opportunity is there brother haha
ah... i have seen that on Tv before. looks exciting..
another form of Multitasking..

since we dont have snow here, i might as well practice skiing thru these flooded roofs & stacked cars first.

anyway, back to trading...
Attached Images
   
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
Reply With Quote
  #45390  
Old Oct 7, 2009 4:46am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

FinnTrader,
wow, very nice looking PB, in my view.
having said that, here are some thoughts

Quote:
Is there so much difference if the bar closes almost as a pin bar vs. closes clearly as a pin bar, in this case 5pips higher?
u mean, it should've closed above, not below the PB's open?
i think it would really make a difference if price closed above the open. WHY? if u noticed, $cad is in a downtrend.

personally, i would've taken this. if i did, i will monitor momentum. what happened is after the PB, price ranged around the 1.06 area, instead of shooting upwards, for 3 H4 bars (that's 12hours of no expected action!!; REMEMBER: "a good setup is a high momentum setup" --jarroo). this will give me concern & lead me to think/re-think my [buy] trade (specifically considering the lack of action & the current [down] trend). so probably, i would've tightened my stop &/or closed my buy trade ASAP ---definitely i would not take a full bar loss in this one.

so, key points in this trade are:
-momentum
-jarroo's quote
-trend
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
Reply With Quote
  #45392  
Old Oct 7, 2009 4:56am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by arctos View Post
Good morning all (as it's 11am on my side here)... (This was mentioned by someone else, can't remember who though, that it's better to check for divergence on line charts instead of bars/candlesticks.)
Considering that it's 1) at a high, 2) around a monthly pivot level and 3) there's divergence on the chart, I would like to know if I'm right in saying that we short it if a pin,... develops?
Good afternoon to u...

i think either bundyraider or PeterFM mentioned that, if i'm correct.

divergence is just 1 part of the equation; it is not enough to make price reverse with conviction. but u are correct, it is considered.
if a PA setup develops there? sure, worth considering to short. but imho, it must be a strong PA setup (ex., if a PB formed, it must be a big,convincing one) since it's pretty obvious in your line chart how strong the up trend is. sometime soon, we may either consolidate/range, or reverse/pause for a while, let's see.

welcome again, keep on reading/learning & Good luck!
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #45393  
Old Oct 7, 2009 5:05am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by atton View Post
"a good setup is a high momentum setup"
How do I understand when we have that momentum ?
How?
price wont meander around a range, price will move in 1 direction for some time.
Check out FinnTrader's $cad H4 chart. he bought off of a PB, but since there was no momentum (no demand/buyers), price consolidated around 1.0600 (taking out stops, whatever), then finally more sellers came in pushing price downward.
if there was momentum off of that PB he took, then price would've shot up & not consolidate.


random analogies:
in martial arts, if i kick u & my kick has enough momentum, u will either get hurt &/or throw your body down to the floor.
in boxing, if i punch u, & my punch has enough momentum, your head will twist/move &/or u will get knocked out.
in baseball, if i hit a ball with my bat, the amount of momentum (energy) will decide how far the ball will go.
in music, if i love playing drums, momentum (my desire to play) will decide if i'll play drums for 1 hour or 10hours straight (for whatever sports/music i love, for that matter). lol
in Netherlands (your place, right?), water is around u. u are no stranger to floods. if flood water level rise has (enough) momentum, it will steadily rise (just like it did in my country late last month). & (flash) flood water with momentum can move/displace/destroy cars, houses, etc.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me

Last edited by supremeChaos, Oct 7, 2009 5:22am Reason: added analogies
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  #45392  
Old Oct 7, 2009 4:56am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by arctos View Post
Good morning all (as it's 11am on my side here)... (This was mentioned by someone else, can't remember who though, that it's better to check for divergence on line charts instead of bars/candlesticks.)
Considering that it's 1) at a high, 2) around a monthly pivot level and 3) there's divergence on the chart, I would like to know if I'm right in saying that we short it if a pin,... develops?
Good afternoon to u...

i think either bundyraider or PeterFM mentioned that, if i'm correct.

divergence is just 1 part of the equation; it is not enough to make price reverse with conviction. but u are correct, it is considered.
if a PA setup develops there? sure, worth considering to short. but imho, it must be a strong PA setup (ex., if a PB formed, it must be a big,convincing one) since it's pretty obvious in your line chart how strong the up trend is. sometime soon, we may either consolidate/range, or reverse/pause for a while, let's see.

welcome again, keep on reading/learning & Good luck!
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
Reply With Quote
  #45393  
Old Oct 7, 2009 5:05am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by atton View Post
"a good setup is a high momentum setup"
How do I understand when we have that momentum ?
How?
price wont meander around a range, price will move in 1 direction for some time.
Check out FinnTrader's $cad H4 chart. he bought off of a PB, but since there was no momentum (no demand/buyers), price consolidated around 1.0600 (taking out stops, whatever), then finally more sellers came in pushing price downward.
if there was momentum off of that PB he took, then price would've shot up & not consolidate.


random analogies:
in martial arts, if i kick u & my kick has enough momentum, u will either get hurt &/or throw your body down to the floor.
in boxing, if i punch u, & my punch has enough momentum, your head will twist/move &/or u will get knocked out.
in baseball, if i hit a ball with my bat, the amount of momentum (energy) will decide how far the ball will go.
in music, if i love playing drums, momentum (my desire to play) will decide if i'll play drums for 1 hour or 10hours straight (for whatever sports/music i love, for that matter). lol
in Netherlands (your place, right?), water is around u. u are no stranger to floods. if flood water level rise has (enough) momentum, it will steadily rise (just like it did in my country late last month). & (flash) flood water with momentum can move/displace/destroy cars, houses, etc.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me

Last edited by supremeChaos, Oct 7, 2009 5:22am Reason: added analogies
Reply With Quote
  #45392  
Old Oct 7, 2009 4:56am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by arctos View Post
Good morning all (as it's 11am on my side here)... (This was mentioned by someone else, can't remember who though, that it's better to check for divergence on line charts instead of bars/candlesticks.)
Considering that it's 1) at a high, 2) around a monthly pivot level and 3) there's divergence on the chart, I would like to know if I'm right in saying that we short it if a pin,... develops?
Good afternoon to u...

i think either bundyraider or PeterFM mentioned that, if i'm correct.

divergence is just 1 part of the equation; it is not enough to make price reverse with conviction. but u are correct, it is considered.
if a PA setup develops there? sure, worth considering to short. but imho, it must be a strong PA setup (ex., if a PB formed, it must be a big,convincing one) since it's pretty obvious in your line chart how strong the up trend is. sometime soon, we may either consolidate/range, or reverse/pause for a while, let's see.

welcome again, keep on reading/learning & Good luck!
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
Reply With Quote
  #45393  
Old Oct 7, 2009 5:05am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by atton View Post
"a good setup is a high momentum setup"
How do I understand when we have that momentum ?
How?
price wont meander around a range, price will move in 1 direction for some time.
Check out FinnTrader's $cad H4 chart. he bought off of a PB, but since there was no momentum (no demand/buyers), price consolidated around 1.0600 (taking out stops, whatever), then finally more sellers came in pushing price downward.
if there was momentum off of that PB he took, then price would've shot up & not consolidate.


random analogies:
in martial arts, if i kick u & my kick has enough momentum, u will either get hurt &/or throw your body down to the floor.
in boxing, if i punch u, & my punch has enough momentum, your head will twist/move &/or u will get knocked out.
in baseball, if i hit a ball with my bat, the amount of momentum (energy) will decide how far the ball will go.
in music, if i love playing drums, momentum (my desire to play) will decide if i'll play drums for 1 hour or 10hours straight (for whatever sports/music i love, for that matter). lol
in Netherlands (your place, right?), water is around u. u are no stranger to floods. if flood water level rise has (enough) momentum, it will steadily rise (just like it did in my country late last month). & (flash) flood water with momentum can move/displace/destroy cars, houses, etc.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me

Last edited by supremeChaos, Oct 7, 2009 5:22am Reason: added analogies
Reply With Quote
  #45392  
Old Oct 7, 2009 4:56am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by arctos View Post
Good morning all (as it's 11am on my side here)... (This was mentioned by someone else, can't remember who though, that it's better to check for divergence on line charts instead of bars/candlesticks.)
Considering that it's 1) at a high, 2) around a monthly pivot level and 3) there's divergence on the chart, I would like to know if I'm right in saying that we short it if a pin,... develops?
Good afternoon to u...

i think either bundyraider or PeterFM mentioned that, if i'm correct.

divergence is just 1 part of the equation; it is not enough to make price reverse with conviction. but u are correct, it is considered.
if a PA setup develops there? sure, worth considering to short. but imho, it must be a strong PA setup (ex., if a PB formed, it must be a big,convincing one) since it's pretty obvious in your line chart how strong the up trend is. sometime soon, we may either consolidate/range, or reverse/pause for a while, let's see.

welcome again, keep on reading/learning & Good luck!
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
Reply With Quote
  #45393  
Old Oct 7, 2009 5:05am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by atton View Post
"a good setup is a high momentum setup"
How do I understand when we have that momentum ?
How?
price wont meander around a range, price will move in 1 direction for some time.
Check out FinnTrader's $cad H4 chart. he bought off of a PB, but since there was no momentum (no demand/buyers), price consolidated around 1.0600 (taking out stops, whatever), then finally more sellers came in pushing price downward.
if there was momentum off of that PB he took, then price would've shot up & not consolidate.


random analogies:
in martial arts, if i kick u & my kick has enough momentum, u will either get hurt &/or throw your body down to the floor.
in boxing, if i punch u, & my punch has enough momentum, your head will twist/move &/or u will get knocked out.
in baseball, if i hit a ball with my bat, the amount of momentum (energy) will decide how far the ball will go.
in music, if i love playing drums, momentum (my desire to play) will decide if i'll play drums for 1 hour or 10hours straight (for whatever sports/music i love, for that matter). lol
in Netherlands (your place, right?), water is around u. u are no stranger to floods. if flood water level rise has (enough) momentum, it will steadily rise (just like it did in my country late last month). & (flash) flood water with momentum can move/displace/destroy cars, houses, etc.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me

Last edited by supremeChaos, Oct 7, 2009 5:22am Reason: added analogies
Reply With Quote
  #45413  
Old Oct 7, 2009 9:38am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by jarroo View Post
....
I love analogies....
The more analogies the better. Here's another one on momentum.
If your driving in a boat on a calm lak...
Thanks Sir.
similarly, it would be very difficult to stop a roaring bullet train/car abruptly. even when the brakes are applied in the 'maximum', the vehicle will still travel in the original direction (or swerve, but that's a different matter), albeit slower than before (losing momentum/counteracted by brakes).
in the case of launched rockets, it takes a lot of fuel to propel a rocket upwards into orbit. it must overcome gravity (sellers, in trading).

Newton's laws of motion (or here or here or here), i believe, can be applied to what we are doing here too. i may not be able to comprehensively explain why, but what we do (taking high momentum setups) is an example of & testament to the 3 laws.
We are physicists here, in case u are not aware of it.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #45417  
Old Oct 7, 2009 10:01am
supremeChaos's Avatar
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Member Since Feb 2009
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Quote:
Originally Posted by jarroo View Post
Nice one sChaos.
Although we (me) do try and break Newton's laws at times. (weak countertrend setups) lol

that still counts Sir:
weak countertrend setups = weak momentum
& for the record, i love exceptions to the rule
__________________
Failure is the mother of success: learn from 'her'
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  #45413  
Old Oct 7, 2009 9:38am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by jarroo View Post
....
I love analogies....
The more analogies the better. Here's another one on momentum.
If your driving in a boat on a calm lak...
Thanks Sir.
similarly, it would be very difficult to stop a roaring bullet train/car abruptly. even when the brakes are applied in the 'maximum', the vehicle will still travel in the original direction (or swerve, but that's a different matter), albeit slower than before (losing momentum/counteracted by brakes).
in the case of launched rockets, it takes a lot of fuel to propel a rocket upwards into orbit. it must overcome gravity (sellers, in trading).

Newton's laws of motion (or here or here or here), i believe, can be applied to what we are doing here too. i may not be able to comprehensively explain why, but what we do (taking high momentum setups) is an example of & testament to the 3 laws.
We are physicists here, in case u are not aware of it.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
Reply With Quote
  #45417  
Old Oct 7, 2009 10:01am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by jarroo View Post
Nice one sChaos.
Although we (me) do try and break Newton's laws at times. (weak countertrend setups) lol

that still counts Sir:
weak countertrend setups = weak momentum
& for the record, i love exceptions to the rule
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
Reply With Quote
  #45413  
Old Oct 7, 2009 9:38am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by jarroo View Post
....
I love analogies....
The more analogies the better. Here's another one on momentum.
If your driving in a boat on a calm lak...
Thanks Sir.
similarly, it would be very difficult to stop a roaring bullet train/car abruptly. even when the brakes are applied in the 'maximum', the vehicle will still travel in the original direction (or swerve, but that's a different matter), albeit slower than before (losing momentum/counteracted by brakes).
in the case of launched rockets, it takes a lot of fuel to propel a rocket upwards into orbit. it must overcome gravity (sellers, in trading).

Newton's laws of motion (or here or here or here), i believe, can be applied to what we are doing here too. i may not be able to comprehensively explain why, but what we do (taking high momentum setups) is an example of & testament to the 3 laws.
We are physicists here, in case u are not aware of it.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
Reply With Quote
  #45417  
Old Oct 7, 2009 10:01am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by jarroo View Post
Nice one sChaos.
Although we (me) do try and break Newton's laws at times. (weak countertrend setups) lol

that still counts Sir:
weak countertrend setups = weak momentum
& for the record, i love exceptions to the rule
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
Reply With Quote
  #45413  
Old Oct 7, 2009 9:38am
supremeChaos's Avatar
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Quote:
Originally Posted by jarroo View Post
....
I love analogies....
The more analogies the better. Here's another one on momentum.
If your driving in a boat on a calm lak...
Thanks Sir.
similarly, it would be very difficult to stop a roaring bullet train/car abruptly. even when the brakes are applied in the 'maximum', the vehicle will still travel in the original direction (or swerve, but that's a different matter), albeit slower than before (losing momentum/counteracted by brakes).
in the case of launched rockets, it takes a lot of fuel to propel a rocket upwards into orbit. it must overcome gravity (sellers, in trading).

Newton's laws of motion (or here or here or here), i believe, can be applied to what we are doing here too. i may not be able to comprehensively explain why, but what we do (taking high momentum setups) is an example of & testament to the 3 laws.
We are physicists here, in case u are not aware of it.
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  #45417  
Old Oct 7, 2009 10:01am
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Quote:
Originally Posted by jarroo View Post
Nice one sChaos.
Although we (me) do try and break Newton's laws at times. (weak countertrend setups) lol

that still counts Sir:
weak countertrend setups = weak momentum
& for the record, i love exceptions to the rule
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  #45424  
Old Oct 7, 2009 11:29am
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Quote:
Originally Posted by arthurwtm View Post
hi,
im new here and still trying to learn to pick good pinbar formations
i just came across this pinbar on the USD/CAD daily chart, along with Fib retracement levels.....
since u are new, i suggest u devote much of your time to completed bars/PA setups rather than on bars which are a few minutes/hours away from completing.
Master the shape/details of every PA setup we discuss here (they are only a handful). check out all the posts on post #1.
here's the guest section of the PF (private forum)

Welcome, keep reading, Good luck!
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  #45424  
Old Oct 7, 2009 11:29am
supremeChaos's Avatar
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Quote:
Originally Posted by arthurwtm View Post
hi,
im new here and still trying to learn to pick good pinbar formations
i just came across this pinbar on the USD/CAD daily chart, along with Fib retracement levels.....
since u are new, i suggest u devote much of your time to completed bars/PA setups rather than on bars which are a few minutes/hours away from completing.
Master the shape/details of every PA setup we discuss here (they are only a handful). check out all the posts on post #1.
here's the guest section of the PF (private forum)

Welcome, keep reading, Good luck!
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #45424  
Old Oct 7, 2009 11:29am
supremeChaos's Avatar
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Member Since Feb 2009
Default

Quote:
Originally Posted by arthurwtm View Post
hi,
im new here and still trying to learn to pick good pinbar formations
i just came across this pinbar on the USD/CAD daily chart, along with Fib retracement levels.....
since u are new, i suggest u devote much of your time to completed bars/PA setups rather than on bars which are a few minutes/hours away from completing.
Master the shape/details of every PA setup we discuss here (they are only a handful). check out all the posts on post #1.
here's the guest section of the PF (private forum)

Welcome, keep reading, Good luck!
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #45424  
Old Oct 7, 2009 11:29am
supremeChaos's Avatar
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Member Since Feb 2009
Default

Quote:
Originally Posted by arthurwtm View Post
hi,
im new here and still trying to learn to pick good pinbar formations
i just came across this pinbar on the USD/CAD daily chart, along with Fib retracement levels.....
since u are new, i suggest u devote much of your time to completed bars/PA setups rather than on bars which are a few minutes/hours away from completing.
Master the shape/details of every PA setup we discuss here (they are only a handful). check out all the posts on post #1.
here's the guest section of the PF (private forum)

Welcome, keep reading, Good luck!
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #45476  
Old Oct 7, 2009 11:05pm
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Quote:
Originally Posted by raczekfx View Post
...
because fiber is not going to get there this year or next,...
Whatever..., I'm 75% sure 4840 was the top for this move higher. There are fair size banks' (i think) orders waiting around 4780 as well, kind of like DB no touch
i'll put my analyst's hat on.
i'd love to take u up on this, Sir. (i had this in my mind for months now)
it would just be a friendly fan vs. idol challenge anyway, nothing big. & i love learning.
after several months (i'd look for that particular post i've made), i still believe
fiber is bullish.
that DNT u are referring to (i havent seen/read abt it yet) may get broken of course.

i believe we have not reached this year's top. if we breach 1.49, then it's possible 1.50 - 1.53. am bullish while 1.4450-14550 supports. (i'll review my analysis this weekend, as this post was highly spur of the moment + excitement)


Quote:
Originally Posted by raczekfx View Post
...
Harvey just said I should, fair enough, I'll do that..
Done!...
Who's harvey?

Quote:
Originally Posted by raczekfx View Post
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
.
I would love to apply for this 'job' next time. i can cover/have been covering Asia to London Close

Quote:
Originally Posted by raczekfx View Post
That's where lot of rich folks live..
...
nice place. still full of trees.

Quote:
Originally Posted by bundyraider View Post
Very good employment number.
....Apparently.
i woke up 1-2hrs after the release. lol
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  #45476  
Old Oct 7, 2009 11:05pm
supremeChaos's Avatar
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Member Since Feb 2009
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Quote:
Originally Posted by raczekfx View Post
...
because fiber is not going to get there this year or next,...
Whatever..., I'm 75% sure 4840 was the top for this move higher. There are fair size banks' (i think) orders waiting around 4780 as well, kind of like DB no touch
i'll put my analyst's hat on.
i'd love to take u up on this, Sir. (i had this in my mind for months now)
it would just be a friendly fan vs. idol challenge anyway, nothing big. & i love learning.
after several months (i'd look for that particular post i've made), i still believe
fiber is bullish.
that DNT u are referring to (i havent seen/read abt it yet) may get broken of course.

i believe we have not reached this year's top. if we breach 1.49, then it's possible 1.50 - 1.53. am bullish while 1.4450-14550 supports. (i'll review my analysis this weekend, as this post was highly spur of the moment + excitement)


Quote:
Originally Posted by raczekfx View Post
...
Harvey just said I should, fair enough, I'll do that..
Done!...
Who's harvey?

Quote:
Originally Posted by raczekfx View Post
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
.
I would love to apply for this 'job' next time. i can cover/have been covering Asia to London Close

Quote:
Originally Posted by raczekfx View Post
That's where lot of rich folks live..
...
nice place. still full of trees.

Quote:
Originally Posted by bundyraider View Post
Very good employment number.
....Apparently.
i woke up 1-2hrs after the release. lol
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  #45476  
Old Oct 7, 2009 11:05pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by raczekfx View Post
...
because fiber is not going to get there this year or next,...
Whatever..., I'm 75% sure 4840 was the top for this move higher. There are fair size banks' (i think) orders waiting around 4780 as well, kind of like DB no touch
i'll put my analyst's hat on.
i'd love to take u up on this, Sir. (i had this in my mind for months now)
it would just be a friendly fan vs. idol challenge anyway, nothing big. & i love learning.
after several months (i'd look for that particular post i've made), i still believe
fiber is bullish.
that DNT u are referring to (i havent seen/read abt it yet) may get broken of course.

i believe we have not reached this year's top. if we breach 1.49, then it's possible 1.50 - 1.53. am bullish while 1.4450-14550 supports. (i'll review my analysis this weekend, as this post was highly spur of the moment + excitement)


Quote:
Originally Posted by raczekfx View Post
...
Harvey just said I should, fair enough, I'll do that..
Done!...
Who's harvey?

Quote:
Originally Posted by raczekfx View Post
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
.
I would love to apply for this 'job' next time. i can cover/have been covering Asia to London Close

Quote:
Originally Posted by raczekfx View Post
That's where lot of rich folks live..
...
nice place. still full of trees.

Quote:
Originally Posted by bundyraider View Post
Very good employment number.
....Apparently.
i woke up 1-2hrs after the release. lol
__________________
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  #45476  
Old Oct 7, 2009 11:05pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by raczekfx View Post
...
because fiber is not going to get there this year or next,...
Whatever..., I'm 75% sure 4840 was the top for this move higher. There are fair size banks' (i think) orders waiting around 4780 as well, kind of like DB no touch
i'll put my analyst's hat on.
i'd love to take u up on this, Sir. (i had this in my mind for months now)
it would just be a friendly fan vs. idol challenge anyway, nothing big. & i love learning.
after several months (i'd look for that particular post i've made), i still believe
fiber is bullish.
that DNT u are referring to (i havent seen/read abt it yet) may get broken of course.

i believe we have not reached this year's top. if we breach 1.49, then it's possible 1.50 - 1.53. am bullish while 1.4450-14550 supports. (i'll review my analysis this weekend, as this post was highly spur of the moment + excitement)


Quote:
Originally Posted by raczekfx View Post
...
Harvey just said I should, fair enough, I'll do that..
Done!...
Who's harvey?

Quote:
Originally Posted by raczekfx View Post
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
.
I would love to apply for this 'job' next time. i can cover/have been covering Asia to London Close

Quote:
Originally Posted by raczekfx View Post
That's where lot of rich folks live..
...
nice place. still full of trees.

Quote:
Originally Posted by bundyraider View Post
Very good employment number.
....Apparently.
i woke up 1-2hrs after the release. lol
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  #45488  
Old Oct 8, 2009 12:08am
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Quote:
Originally Posted by atton View Post
I ve watched James video from the Guest Section called "James16 price action video". At the end he was talking about the bearish pin bar on Usd/Chf. And when he was showing the ppz why he didnt mention the previous bullish pin bar low as a ppz but went directly to the lower ppz. Am I missing something ?....
Sir james may have overlooked it as his focus was on the bars to the left. but i believe that bullish PB's bar low is part of the PPZ he talked about.
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  #45488  
Old Oct 8, 2009 12:08am
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Quote:
Originally Posted by atton View Post
I ve watched James video from the Guest Section called "James16 price action video". At the end he was talking about the bearish pin bar on Usd/Chf. And when he was showing the ppz why he didnt mention the previous bullish pin bar low as a ppz but went directly to the lower ppz. Am I missing something ?....
Sir james may have overlooked it as his focus was on the bars to the left. but i believe that bullish PB's bar low is part of the PPZ he talked about.
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  #45488  
Old Oct 8, 2009 12:08am
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Quote:
Originally Posted by atton View Post
I ve watched James video from the Guest Section called "James16 price action video". At the end he was talking about the bearish pin bar on Usd/Chf. And when he was showing the ppz why he didnt mention the previous bullish pin bar low as a ppz but went directly to the lower ppz. Am I missing something ?....
Sir james may have overlooked it as his focus was on the bars to the left. but i believe that bullish PB's bar low is part of the PPZ he talked about.
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  #45488  
Old Oct 8, 2009 12:08am
supremeChaos's Avatar
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Quote:
Originally Posted by atton View Post
I ve watched James video from the Guest Section called "James16 price action video". At the end he was talking about the bearish pin bar on Usd/Chf. And when he was showing the ppz why he didnt mention the previous bullish pin bar low as a ppz but went directly to the lower ppz. Am I missing something ?....
Sir james may have overlooked it as his focus was on the bars to the left. but i believe that bullish PB's bar low is part of the PPZ he talked about.
__________________
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  #45610  
Old Oct 9, 2009 12:10pm
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CRAPPY INTERNET......
I missed all the fun here...

Quote:
Originally Posted by arthurwtm View Post
right on....
question is, how can you tell if that last intercept of PPZ isnt going to be a support? (of course it turned out to be resisnance, but how can you tell either way?)
ps: i know i'm asking alot...but bear with me
if i may...

Answer: by the way price behaves at/near that particular PPZ. (so u have to monitor price when it reaches a PPZ)
i traded that eurcad (buy trade). initial target was initial expected traffic area at 1.5650 (my plotted PPZ on H4; remember: PPZ is a zone, not a specific value). if u noticed price immediately bounced/got rejected from that area (Price behavior near/at a PPZ).

Got more questions? Shoot..
many here will try to answer..
the more we ask, the more we learn
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  #45617  
Old Oct 9, 2009 1:24pm
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Quote:
Originally Posted by ghous View Post
I must be missing something...
When did jim give a live trading call here?
i think he's just suggesting to Sir Jim (to not do live calls)
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  #45620  
Old Oct 9, 2009 1:58pm
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Quote:
Originally Posted by NosferatuMan View Post
This is my first post in this thread...
In the following picture, must we consider also a sideways market and ignore the PB (can we consider that a PB) that occured 3 candles before?
I wouldn't take this trade anyway because we didn't go higher than the PB top.
In the same picture, can we anticipate a breakout setup forming if we break the yellow line?
Thanks in advance.
in a sideways market, yes, it's better to sit & wait, specially if unexperienced enough.
that was a good-sized PB. however, trend at that time was down, AND it was not triggered AT ALL (there was, in fact, No trade).

breakout setup is possible, yes. usually, we look for a breakout & then a retest with confirming PA setup (example, a PB or BUOB to go long).

Welcome & enjoy!
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  #45624  
Old Oct 9, 2009 2:11pm
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Quote:
Originally Posted by CrudeCraig View Post
This one taking off quite nicely as well.
wow, near vertical trendline.
btw, ''quite nicely'' seems to be an understatement.
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  #45625  
Old Oct 9, 2009 2:26pm
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Quote:
Originally Posted by NosferatuMan View Post
Thanks...
Could you just tell me what is actually a BUOB (silly question, I know )
it's an acronym..
I'll let u find out. WHY?
it's easier than looking for the meaning of THV, trust me.
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  #45610  
Old Oct 9, 2009 12:10pm
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Member Since Feb 2009
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CRAPPY INTERNET......
I missed all the fun here...

Quote:
Originally Posted by arthurwtm View Post
right on....
question is, how can you tell if that last intercept of PPZ isnt going to be a support? (of course it turned out to be resisnance, but how can you tell either way?)
ps: i know i'm asking alot...but bear with me
if i may...

Answer: by the way price behaves at/near that particular PPZ. (so u have to monitor price when it reaches a PPZ)
i traded that eurcad (buy trade). initial target was initial expected traffic area at 1.5650 (my plotted PPZ on H4; remember: PPZ is a zone, not a specific value). if u noticed price immediately bounced/got rejected from that area (Price behavior near/at a PPZ).

Got more questions? Shoot..
many here will try to answer..
the more we ask, the more we learn
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #45610  
Old Oct 9, 2009 12:10pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

CRAPPY INTERNET......
I missed all the fun here...

Quote:
Originally Posted by arthurwtm View Post
right on....
question is, how can you tell if that last intercept of PPZ isnt going to be a support? (of course it turned out to be resisnance, but how can you tell either way?)
ps: i know i'm asking alot...but bear with me
if i may...

Answer: by the way price behaves at/near that particular PPZ. (so u have to monitor price when it reaches a PPZ)
i traded that eurcad (buy trade). initial target was initial expected traffic area at 1.5650 (my plotted PPZ on H4; remember: PPZ is a zone, not a specific value). if u noticed price immediately bounced/got rejected from that area (Price behavior near/at a PPZ).

Got more questions? Shoot..
many here will try to answer..
the more we ask, the more we learn
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
Reply With Quote
  #45617  
Old Oct 9, 2009 1:24pm
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Quote:
Originally Posted by ghous View Post
I must be missing something...
When did jim give a live trading call here?
i think he's just suggesting to Sir Jim (to not do live calls)
__________________
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  #45620  
Old Oct 9, 2009 1:58pm
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Member Since Feb 2009
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Quote:
Originally Posted by NosferatuMan View Post
This is my first post in this thread...
In the following picture, must we consider also a sideways market and ignore the PB (can we consider that a PB) that occured 3 candles before?
I wouldn't take this trade anyway because we didn't go higher than the PB top.
In the same picture, can we anticipate a breakout setup forming if we break the yellow line?
Thanks in advance.
in a sideways market, yes, it's better to sit & wait, specially if unexperienced enough.
that was a good-sized PB. however, trend at that time was down, AND it was not triggered AT ALL (there was, in fact, No trade).

breakout setup is possible, yes. usually, we look for a breakout & then a retest with confirming PA setup (example, a PB or BUOB to go long).

Welcome & enjoy!
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #45624  
Old Oct 9, 2009 2:11pm
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Quote:
Originally Posted by CrudeCraig View Post
This one taking off quite nicely as well.
wow, near vertical trendline.
btw, ''quite nicely'' seems to be an understatement.
__________________
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  #45625  
Old Oct 9, 2009 2:26pm
supremeChaos's Avatar
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Member Since Feb 2009
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Quote:
Originally Posted by NosferatuMan View Post
Thanks...
Could you just tell me what is actually a BUOB (silly question, I know )
it's an acronym..
I'll let u find out. WHY?
it's easier than looking for the meaning of THV, trust me.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #45617  
Old Oct 9, 2009 1:24pm
supremeChaos's Avatar
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Member Since Feb 2009
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Quote:
Originally Posted by ghous View Post
I must be missing something...
When did jim give a live trading call here?
i think he's just suggesting to Sir Jim (to not do live calls)
__________________
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  #45620  
Old Oct 9, 2009 1:58pm
supremeChaos's Avatar
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Member Since Feb 2009
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Quote:
Originally Posted by NosferatuMan View Post
This is my first post in this thread...
In the following picture, must we consider also a sideways market and ignore the PB (can we consider that a PB) that occured 3 candles before?
I wouldn't take this trade anyway because we didn't go higher than the PB top.
In the same picture, can we anticipate a breakout setup forming if we break the yellow line?
Thanks in advance.
in a sideways market, yes, it's better to sit & wait, specially if unexperienced enough.
that was a good-sized PB. however, trend at that time was down, AND it was not triggered AT ALL (there was, in fact, No trade).

breakout setup is possible, yes. usually, we look for a breakout & then a retest with confirming PA setup (example, a PB or BUOB to go long).

Welcome & enjoy!
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #45624  
Old Oct 9, 2009 2:11pm
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Quote:
Originally Posted by CrudeCraig View Post
This one taking off quite nicely as well.
wow, near vertical trendline.
btw, ''quite nicely'' seems to be an understatement.
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  #45625  
Old Oct 9, 2009 2:26pm
supremeChaos's Avatar
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Member Since Feb 2009
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Quote:
Originally Posted by NosferatuMan View Post
Thanks...
Could you just tell me what is actually a BUOB (silly question, I know )
it's an acronym..
I'll let u find out. WHY?
it's easier than looking for the meaning of THV, trust me.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #45798  
Old Oct 12, 2009 2:48am
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Quote:
Originally Posted by jarroo View Post
Post 1. . . . lol
I've probably viewed that video a hundred times and I never get tired of watching it. lol
". . . . I don't like repeat offenders . . . I like dead offenders."
Precisely the phrase i LOVED the most.

is this guy famous there? i love the way he talked, the tone & choice of words.
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  #45800  
Old Oct 12, 2009 3:07am
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Quote:
Originally Posted by jpa0827 View Post
You know I wouldn't be shocked if i'm living there one day. I just realized, I'm Jim, You're Jim and so is Jaroo. lol maybe that's just how jim's think lol.
I knew that it's possible u'd say this.
Definitely there's correlation/confluence
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  #45804  
Old Oct 12, 2009 4:57am
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Quote:
Originally Posted by james16 View Post
thats the plan if things dont change.
i have over 800 mods ready to go.
nasty bad people wont last 2 minutes in our forum...
make that 800 + 1, if u'll allow me to join in, Sir

Quote:
Originally Posted by james16 View Post
never if i can get my beloved forex factory to get there act together....
if i ever start a forum assholes, idiots, trolls and mean people in general wont even get 2 chances.
repeat offenders... watch out
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  #45806  
Old Oct 12, 2009 6:05am
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Quote:
Originally Posted by jarroo View Post
Time to get back into the weight room buddy. Go for more reps this time, your heavy weight lifting days are over. lol
First time i'll disagree with u, Sir
i have seen & believe it is still possible. it's still possible with continuous exercise. I plan to do it too.

Quote:
Originally Posted by TiaForex View Post
That made me smile.
4:21 am Jim and I'm reading the thread with a smile on my face. I love these new charts.,...
I read the thread and PF between takes on set the other day. Will probably do the same tomorrow.....
Same here, Love the charts too.
btw, awesome multitasking
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  #45807  
Old Oct 12, 2009 6:05am
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Quote:
Originally Posted by cyberfx View Post
What do they need to do to get there act together?
Quote:
Originally Posted by arctos View Post
Working through....
On a side note, it seems there's been recent unhappiness over some stuff here on FF... what else should we be complaining on?
to learn a bit more....
Please read back on posts around July22/23 &/or Sir james16 previous posts.
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  #45823  
Old Oct 12, 2009 10:33am
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Quote:
Originally Posted by NosferatuMan View Post
Saw that too.
In this case, when should we enter the trade?.
There was no retrace back to 50% of last bar.
Probably a no trade. For me it is for sure....
Just trying to learn how to trade DBHLC.
To answer your Q,
DBHLC entry is +/-5-15pips below the low, depending on trader's risk profile. (usually 10pips)

retracement entries via the 50% (or 38.2, or 61.8) are 'discount' entries (gets u in at better price, with less risk) --- they are ideal but are not 'required' (as per the j16 method) &/or do not happen always (specially in high momentum setups). again, ret. entries are trader-discretionary.
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  #45825  
Old Oct 12, 2009 11:06am
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Quote:
Originally Posted by NosferatuMan View Post
Once again, thanks
Sure.

a small search yielded these 2 posts by Sir jarroo
DBHLC
DBLHC
but be sure to familiarize yourself about PA setups (PB, BUOB, DBHLC, etc) we use here first, so u can appreciate the examples more.
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  #45827  
Old Oct 12, 2009 11:36am
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NosferatuMan,
bro, check out Cyrus' post above. he has generously compiled posts of Sir james16 & all seasoned traders here. search thru his posts (his latest compilation was shared around the 3000th page of this thread/early October, i believe).
his compilations will help fast-track your learning.
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  #45867  
Old Oct 12, 2009 9:04pm
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Quote:
Originally Posted by jarroo View Post
Boy I used to zoom in alot. Thank God I started listening to Mike and zoomed out to get the bigger picture. Probably when I realized what the true traffic of a setup presented.
Sir, are u really nearing your 50's?
if so, maybe zooming in naturally comes with age.
btw, u can check out my 'prescription' here.
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  #45868  
Old Oct 12, 2009 9:06pm
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Quote:
Originally Posted by dart View Post
James, another reminder to post a chart of one of your YM trades you took last week. thanks
it would be best if u remind him via PM &/or when he is actually online.
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  #45914  
Old Oct 13, 2009 10:33am
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Quote:
Originally Posted by bee View Post
Does the prescription work if your over 70?
Sure, Sir. actually, the answer is , depends on what uare specifically asking for.

Quote:
Originally Posted by jarroo View Post
I'm going to get you, sChaos, for this one.
lol. are u really in your late 40s? u dont type/post slow/infrequently here.
btw, which 'this one'. be more specific Sir.
anyway, i only have good intentions in that post (LASIK, antioxidants etc).

btw, are u infront of your charts, can u (or anybody) please tell me why gbpjpy reversed from 141.18-ish (aside from having a minor PPZ there)??! Thanks
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  #45919  
Old Oct 13, 2009 10:47am
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Quote:
Originally Posted by jarroo View Post
.....
Sorry not at my regular charts. Check your weekly PPZ level, 141/140 is a strong level.
yes Sir, aware of that. i'm particularly interested of the 141.18ish area. price stopped there & reversed.. lol
Thanks!

Quote:
Just kidding with you sChaos. lol....
i know, Sir.
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  #45921  
Old Oct 13, 2009 11:16am
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Quote:
Originally Posted by jarroo View Post
Here's a crazy idea, sChaos. How about showing a chart(s) (Daily, 4 hour, Hourly) that shows that level and we'll go from there.
'crazy' idea? LOL
nyahahah... i knew it. i was trying to dodge this one. but, to no avail

here are the H1, H4 & daily (FXPro)
the white line is the 141.18ish.
the magenta lines are the Support/PPZs
again, i'm looking for reasons for price reversal other than the minor PPZ (white line)
was expecting price to stop, initially at 141 area (initial TP area from a short trade), but price reversed almost 20pips above that.
on the H4, that doji prior the last bar is actually an IB in another MT4 (XTB) so i'll probably wait what happens when the current H4 bar closes.
Thanks!
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  #45928  
Old Oct 13, 2009 11:54am
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Quote:
Originally Posted by jarroo View Post
Looks like multiple bars Closes on the hourly....
ok, so, so far, that's the only reason it reversed.
Thanks for confirming Sir.
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  #45931  
Old Oct 13, 2009 12:18pm
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Quote:
Originally Posted by jarroo View Post
I've been looking more at the Close of bars along with the Highs/Lows for PPZ and S/R levels. Bundy's line charts (at the Close) got me thinking. ( as he usually does). lol
oh yah, line charts. thanks for reminding me. havent explored that yet.
here, 141.45 is a PPZ (with at least 5 price touches/flips).
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  #45974  
Old Oct 13, 2009 9:32pm
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Quote:
Originally Posted by ekling View Post
This chart...
i hope u are not inferring divergence with those two orange/yellow lines..
but if u are, the lines should be plotted on the same sides (on top of price & indicator, or below of both)
to learn more, see this
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  #45975  
Old Oct 13, 2009 9:38pm
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Quote:
Originally Posted by joelcf View Post
Just d/l MT4, a bunch of people here just run a couple of installs with different bar closes. I think SC runs 5, which is probably too much for my brain to concentrate on. ....
i already told u i have more than that.

Quote:
Originally Posted by NosferatuMan View Post
And you download MT4 from the broker's website or you just find the srv file?...
it's your choice: download a separate MT4 or just use their .srv files.

here are some: (verify the timezones)
IBFX, Alpari GMT + 0
FXCM = IBFX + 1
XTB, Alpari (US, UK, Russia) = IBFX + 2
FXPro, FXDD = IBFX + 3
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  #45798  
Old Oct 12, 2009 2:48am
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Quote:
Originally Posted by jarroo View Post
Post 1. . . . lol
I've probably viewed that video a hundred times and I never get tired of watching it. lol
". . . . I don't like repeat offenders . . . I like dead offenders."
Precisely the phrase i LOVED the most.

is this guy famous there? i love the way he talked, the tone & choice of words.
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  #45800  
Old Oct 12, 2009 3:07am
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Quote:
Originally Posted by jpa0827 View Post
You know I wouldn't be shocked if i'm living there one day. I just realized, I'm Jim, You're Jim and so is Jaroo. lol maybe that's just how jim's think lol.
I knew that it's possible u'd say this.
Definitely there's correlation/confluence
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  #45804  
Old Oct 12, 2009 4:57am
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Quote:
Originally Posted by james16 View Post
thats the plan if things dont change.
i have over 800 mods ready to go.
nasty bad people wont last 2 minutes in our forum...
make that 800 + 1, if u'll allow me to join in, Sir

Quote:
Originally Posted by james16 View Post
never if i can get my beloved forex factory to get there act together....
if i ever start a forum assholes, idiots, trolls and mean people in general wont even get 2 chances.
repeat offenders... watch out
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  #45806  
Old Oct 12, 2009 6:05am
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Quote:
Originally Posted by jarroo View Post
Time to get back into the weight room buddy. Go for more reps this time, your heavy weight lifting days are over. lol
First time i'll disagree with u, Sir
i have seen & believe it is still possible. it's still possible with continuous exercise. I plan to do it too.

Quote:
Originally Posted by TiaForex View Post
That made me smile.
4:21 am Jim and I'm reading the thread with a smile on my face. I love these new charts.,...
I read the thread and PF between takes on set the other day. Will probably do the same tomorrow.....
Same here, Love the charts too.
btw, awesome multitasking
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  #45807  
Old Oct 12, 2009 6:05am
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Quote:
Originally Posted by cyberfx View Post
What do they need to do to get there act together?
Quote:
Originally Posted by arctos View Post
Working through....
On a side note, it seems there's been recent unhappiness over some stuff here on FF... what else should we be complaining on?
to learn a bit more....
Please read back on posts around July22/23 &/or Sir james16 previous posts.
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  #45976  
Old Oct 13, 2009 10:15pm
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Quote:
Originally Posted by raczekfx View Post
... 4840 was the top for this move higher...
Quote:
Originally Posted by supremeChaos View Post
i'll put my analyst's hat on. ....
i believe we have not reached this year's top. if we breach 1.49, then......
Sir idol, currently 1.4885-ish.
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  #45978  
Old Oct 13, 2009 10:38pm
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Quote:
Originally Posted by jarroo View Post
Its getting bigger every year.
Every year I have more and more face to wash.
I forgot the "e". lol
LOL.
i told u, 'does it come with age'?

or

your wife/gf is in front of/beside u as u typed that post. nyahahah
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  #45983  
Old Oct 13, 2009 10:55pm
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Quote:
Originally Posted by jarroo View Post
A little bit of both. lol
using my acquired James16 'foresight' ....
i'll reconstruct the situation:
she was on your left side.... she was moving around...

u both were... in such a position... that.... u weren't able to reach....

???? (nyahahah)

the 'e' button...

on 2 instances... even though the 'e' button was just about 1 inch away from the 'v' button (so as to complete the word 'every')...


hmmmm.... need more finger &/or body flexibility, Sir.
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  #45985  
Old Oct 13, 2009 10:57pm
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Quote:
Originally Posted by supermatt View Post
the 9300 bar highs scare me on eg. i just feel there is to much traffic around. im not sure?
look for reasons to trade & more reasons not to trade. then,
if u (still) feel unsure.. it's best to let it pass.
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  #45986  
Old Oct 13, 2009 11:01pm
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Quote:
Originally Posted by jarroo View Post
You got to get out more sChaos. lol
... how did u know? lol
Cant...
am heavily guarded already. I'll try & sneak out. Patience.. lol
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  #45990  
Old Oct 13, 2009 11:26pm
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Quote:
Originally Posted by raczekfx View Post
you must've missed post # 45533
bad student...
yes Sir, i have read that one.
are u implying 1.4840 top for that move only? i see.
nevertheless, 'it' ('eur$ topped out or not' just-in-my-mind, mini-challenge) is still on. whatever happens, i push my mind & learn either way.

btw, i love it when (i can invoke) u (to) post more. appreciate it
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  #45823  
Old Oct 12, 2009 10:33am
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Quote:
Originally Posted by NosferatuMan View Post
Saw that too.
In this case, when should we enter the trade?.
There was no retrace back to 50% of last bar.
Probably a no trade. For me it is for sure....
Just trying to learn how to trade DBHLC.
To answer your Q,
DBHLC entry is +/-5-15pips below the low, depending on trader's risk profile. (usually 10pips)

retracement entries via the 50% (or 38.2, or 61.8) are 'discount' entries (gets u in at better price, with less risk) --- they are ideal but are not 'required' (as per the j16 method) &/or do not happen always (specially in high momentum setups). again, ret. entries are trader-discretionary.
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  #45825  
Old Oct 12, 2009 11:06am
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Quote:
Originally Posted by NosferatuMan View Post
Once again, thanks
Sure.

a small search yielded these 2 posts by Sir jarroo
DBHLC
DBLHC
but be sure to familiarize yourself about PA setups (PB, BUOB, DBHLC, etc) we use here first, so u can appreciate the examples more.
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  #45991  
Old Oct 13, 2009 11:30pm
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Quote:
Originally Posted by jarroo View Post
Hey Rac . . what do think of my trendline? Close enough?
sometimes people get excited/impatient, get ahead of themselves, they sell even prior a TL gets touched.
seems like the case here. lol
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  #45995  
Old Oct 13, 2009 11:45pm
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Quote:
Originally Posted by jarroo View Post
Good answer....
The 4 hour (pin-ish) Inside Bar gave me a low risk, confluenced trade. I was at break even at the moment it touched the 133.00 and then it ran.
Awesome, Sir.
DIBS does run through your veins.
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  #46000  
Old Oct 14, 2009 12:58am
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Quote:
Originally Posted by supermatt View Post
I managed to make a few pips on this g/u beob. ...
managed tightly?
Nice trade...it's BUOB, btw.
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  #46002  
Old Oct 14, 2009 1:16am
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supermatt,
no worries, Sir. just clarifying it for the newer readers.
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  #46005  
Old Oct 14, 2009 3:42am
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Quote:
Originally Posted by bernie08 View Post
Hello....
Hey bernie08,
Welcome.. Keep posting & enjoy!
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  #45827  
Old Oct 12, 2009 11:36am
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NosferatuMan,
bro, check out Cyrus' post above. he has generously compiled posts of Sir james16 & all seasoned traders here. search thru his posts (his latest compilation was shared around the 3000th page of this thread/early October, i believe).
his compilations will help fast-track your learning.
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  #46008  
Old Oct 14, 2009 4:14am
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Quote:
Originally Posted by bernie08 View Post
Thanks mate,, when u get a chance have a look at my post about EUR
Cheers
Sure. but u didnt mention when & what broker/platform u saw the BUOB on, so it's difficult to answer.

in any case, here's a recent post by Sir mbqb11/mike about BUOBs/BEOBs.
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  #46010  
Old Oct 14, 2009 4:16am
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Quote:
Originally Posted by ekling View Post
Actually i was...
No worries Sir.. u are welcome
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  #46016  
Old Oct 14, 2009 5:53am
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Quote:
Originally Posted by raczekfx View Post
....
p.s. just noticed it's 2009, next post coming in 2010...lol
....



.... u almost got me there again, Sir.
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  #46020  
Old Oct 14, 2009 7:11am
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Quote:
Originally Posted by nasir.khan View Post
I was going through some old posts and got stuck on this...
He did not draw a PPZ here. (pink box)...
nothing wrong in considering it (the pink box)
Sir jarroo must've concentrated on pointing out main areas on those 2 charts.
if u noticed, on the 2nd chart, price bumped on this pink box area.
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  #45867  
Old Oct 12, 2009 9:04pm
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Quote:
Originally Posted by jarroo View Post
Boy I used to zoom in alot. Thank God I started listening to Mike and zoomed out to get the bigger picture. Probably when I realized what the true traffic of a setup presented.
Sir, are u really nearing your 50's?
if so, maybe zooming in naturally comes with age.
btw, u can check out my 'prescription' here.
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  #45868  
Old Oct 12, 2009 9:06pm
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Quote:
Originally Posted by dart View Post
James, another reminder to post a chart of one of your YM trades you took last week. thanks
it would be best if u remind him via PM &/or when he is actually online.
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  #46074  
Old Oct 15, 2009 1:14am
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Quote:
Originally Posted by arthurwtm View Post
i want to know if this is considered a divergence? ...
yes it is...
but i believe u have to put more weight in 'current/present/at-the-moment' divergence (if there is any) than in 'past' divergence (example, the divergence u plotted here).
comparing the current price from the recent swing low (1.0600?), there is no divergence. but since price have made a considerable move down, we may be near a pause/consolidation or reversal.


Quote:
Originally Posted by joelcf View Post
...
*edit* as usual, beaten by Mike
in fairness, u had a lengthier post
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  #46078  
Old Oct 15, 2009 1:40am
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Quote:
Originally Posted by joelcf View Post
The most valuable of all talents is that of never using two words when one will do ...
I think we need to have some kind of sticky for divergence questions. I swear it comes up more often than anything else. Except for maybe 'do I really have to read 3000 pages?!', hehe.
let's just say simplism has been running through Mike's veins & is manifest with his posts (apart from the fact that he types fast or that's bcoz he has a sexytary )... while u excel & prefer to speak your mind out loud.

regarding redundant questions, i'm slowly compiling & looking for pertinent yet 'recyclable' posts/responses.
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  #45914  
Old Oct 13, 2009 10:33am
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Quote:
Originally Posted by bee View Post
Does the prescription work if your over 70?
Sure, Sir. actually, the answer is , depends on what uare specifically asking for.

Quote:
Originally Posted by jarroo View Post
I'm going to get you, sChaos, for this one.
lol. are u really in your late 40s? u dont type/post slow/infrequently here.
btw, which 'this one'. be more specific Sir.
anyway, i only have good intentions in that post (LASIK, antioxidants etc).

btw, are u infront of your charts, can u (or anybody) please tell me why gbpjpy reversed from 141.18-ish (aside from having a minor PPZ there)??! Thanks
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  #46100  
Old Oct 15, 2009 9:04am
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Quote:
Originally Posted by mike w View Post
Yes sir, it turned out to be a solid trade...
I'm also surprised at the eur/gbp having busted through the previous bar highs and support that quick. This is on watch list for the weeklies now.
possibly aided by some euro weakness/profit-taking, add gbp strength across other pairs. snow ball...
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  #46102  
Old Oct 15, 2009 9:12am
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Quote:
Originally Posted by bundyraider View Post
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.
r u another gbp bear, Sir?
trendlines are line chart-based, perhaps?
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  #46106  
Old Oct 15, 2009 9:43am
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Quote:
Originally Posted by NosferatuMan View Post
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
There are a lot of factors:
your preference, trading style, risk profile, etc.
it's pretty subjective as we all are unique...so dont worry about it too much
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  #45919  
Old Oct 13, 2009 10:47am
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Quote:
Originally Posted by jarroo View Post
.....
Sorry not at my regular charts. Check your weekly PPZ level, 141/140 is a strong level.
yes Sir, aware of that. i'm particularly interested of the 141.18ish area. price stopped there & reversed.. lol
Thanks!

Quote:
Just kidding with you sChaos. lol....
i know, Sir.
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  #45921  
Old Oct 13, 2009 11:16am
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Originally Posted by jarroo View Post
Here's a crazy idea, sChaos. How about showing a chart(s) (Daily, 4 hour, Hourly) that shows that level and we'll go from there.
'crazy' idea? LOL
nyahahah... i knew it. i was trying to dodge this one. but, to no avail

here are the H1, H4 & daily (FXPro)
the white line is the 141.18ish.
the magenta lines are the Support/PPZs
again, i'm looking for reasons for price reversal other than the minor PPZ (white line)
was expecting price to stop, initially at 141 area (initial TP area from a short trade), but price reversed almost 20pips above that.
on the H4, that doji prior the last bar is actually an IB in another MT4 (XTB) so i'll probably wait what happens when the current H4 bar closes.
Thanks!
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  #45928  
Old Oct 13, 2009 11:54am
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Quote:
Originally Posted by jarroo View Post
Looks like multiple bars Closes on the hourly....
ok, so, so far, that's the only reason it reversed.
Thanks for confirming Sir.
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  #45931  
Old Oct 13, 2009 12:18pm
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Originally Posted by jarroo View Post
I've been looking more at the Close of bars along with the Highs/Lows for PPZ and S/R levels. Bundy's line charts (at the Close) got me thinking. ( as he usually does). lol
oh yah, line charts. thanks for reminding me. havent explored that yet.
here, 141.45 is a PPZ (with at least 5 price touches/flips).
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  #45974  
Old Oct 13, 2009 9:32pm
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Quote:
Originally Posted by ekling View Post
This chart...
i hope u are not inferring divergence with those two orange/yellow lines..
but if u are, the lines should be plotted on the same sides (on top of price & indicator, or below of both)
to learn more, see this
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  #45975  
Old Oct 13, 2009 9:38pm
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Quote:
Originally Posted by joelcf View Post
Just d/l MT4, a bunch of people here just run a couple of installs with different bar closes. I think SC runs 5, which is probably too much for my brain to concentrate on. ....
i already told u i have more than that.

Quote:
Originally Posted by NosferatuMan View Post
And you download MT4 from the broker's website or you just find the srv file?...
it's your choice: download a separate MT4 or just use their .srv files.

here are some: (verify the timezones)
IBFX, Alpari GMT + 0
FXCM = IBFX + 1
XTB, Alpari (US, UK, Russia) = IBFX + 2
FXPro, FXDD = IBFX + 3
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  #46166  
Old Oct 16, 2009 6:48am
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Quote:
Originally Posted by Cyrus View Post
quote=mbqb11;
Trading is mostly emotions....

[ damn thing wont quote properly =P ]....
aha, u gave up easily, lol.. here, let me help.
Sir mike's post here

broken down to three (as FF doesnt allow lengthy quotes for some reason):
Quote:
...Trading is mostly emotions. Controlling your greed, fear, and all the emotions that come with executing your trade plan. This is why you could give someone the keys to the mint and they still might not be profitable. Emotions are what drive the market, and make it possible for us to trade it in a meaningful way as traders....
Quote:
...Those who are looking for a rush are in the wrong venture. And I have found many people simply derive excitement from clicking buy and sell and then wonder why they aren't profitable. I don't know if we ever conquer all the feelings. It still hurts to have a few losses in a row. I still make mistakes b/c I want more. But slowly you push down all those feelings b/c you can recognize the symptoms. Sort of like when you feel a cold coming on you start to drink more fluids, sleep more, eat better. You can feel that fear creep up and you know what...
Quote:
....to do. My emotion this month that I have had to fight off is being patient. July has been very slow for me. So when that urge to trade creeps up I can recognize it and say "No!" . Simply because I know if you give into those feelings you are not doing what one needs to do to be consistently profitable.
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  #45976  
Old Oct 13, 2009 10:15pm
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Quote:
Originally Posted by raczekfx View Post
... 4840 was the top for this move higher...
Quote:
Originally Posted by supremeChaos View Post
i'll put my analyst's hat on. ....
i believe we have not reached this year's top. if we breach 1.49, then......
Sir idol, currently 1.4885-ish.
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  #45978  
Old Oct 13, 2009 10:38pm
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Quote:
Originally Posted by jarroo View Post
Its getting bigger every year.
Every year I have more and more face to wash.
I forgot the "e". lol
LOL.
i told u, 'does it come with age'?

or

your wife/gf is in front of/beside u as u typed that post. nyahahah
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  #45983  
Old Oct 13, 2009 10:55pm
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Quote:
Originally Posted by jarroo View Post
A little bit of both. lol
using my acquired James16 'foresight' ....
i'll reconstruct the situation:
she was on your left side.... she was moving around...

u both were... in such a position... that.... u weren't able to reach....

???? (nyahahah)

the 'e' button...

on 2 instances... even though the 'e' button was just about 1 inch away from the 'v' button (so as to complete the word 'every')...


hmmmm.... need more finger &/or body flexibility, Sir.
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  #45985  
Old Oct 13, 2009 10:57pm
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Originally Posted by supermatt View Post
the 9300 bar highs scare me on eg. i just feel there is to much traffic around. im not sure?
look for reasons to trade & more reasons not to trade. then,
if u (still) feel unsure.. it's best to let it pass.
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  #45986  
Old Oct 13, 2009 11:01pm
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Quote:
Originally Posted by jarroo View Post
You got to get out more sChaos. lol
... how did u know? lol
Cant...
am heavily guarded already. I'll try & sneak out. Patience.. lol
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  #45990  
Old Oct 13, 2009 11:26pm
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Quote:
Originally Posted by raczekfx View Post
you must've missed post # 45533
bad student...
yes Sir, i have read that one.
are u implying 1.4840 top for that move only? i see.
nevertheless, 'it' ('eur$ topped out or not' just-in-my-mind, mini-challenge) is still on. whatever happens, i push my mind & learn either way.

btw, i love it when (i can invoke) u (to) post more. appreciate it
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  #46180  
Old Oct 16, 2009 10:50am
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Quote:
Originally Posted by Jduester View Post
...Perhaps you are only taking it in the direction of the trend (the 5min tf trend in this case). Perhaps you were only trading toward the center of the BB....
benji doesnt seem to use BB's... only S/Rs & PPZs

hey benji,
jankone's thread would like to have those charts
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  #46182  
Old Oct 16, 2009 12:09pm
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Quote:
Originally Posted by benji533 View Post
If FF was in my hands, second thing after moving this thread out of commercial, would probably be making you a moderator
Anyway, not sure what touch trading has to do with jankone's thread, but I posted a few trades which fit there.
since the time i first viewed jankone's thread, i believed it is james16 trading applied on shorter timeframes. touch trades are related to S/Rs, PPZs, so i guess it fits there too.

what u do & post are a bit more advanced for most here, even on demo. u seem to be a fast learner, u are lucky as most are not like u. but that doesnt mean u can just disregard many other newbies here.
(i think u dont want to post there because it's either 'pretty boring' there [many seasoned traders u know dont post there] or 'no one can understand/can relate to your charts' since u are a bit ahead of many here)

correct me if im wrong, but i seldom see the senior traders post lower time frame charts & trades here. this thread is primarily about H4 charts & up, Sir james16 advocates it on post #1. he wants most traders to learn higher timeframe trading before going down to H1 & below.
my concern is newbies may get confused & decide to emulate u & your charts (as i believe some people look forward to your posts).

if we dont have volunteer moderators here who care, even if FF is part of the virtual world, FF will be in much much more chaos now.

having said all that, you have free will...
but thanks for granting a request.
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  #46185  
Old Oct 16, 2009 12:47pm
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Quote:
Originally Posted by rustyjeff View Post
heres a couple for you SC..
Thanks Sir. post a little more often if u can


Quote:
Originally Posted by benji533 View Post
The truth is that I don't have much interest in something else than the James16 thread. It gave me all I need, and it contains all I will need. All the traders I would wish to know are here as well.
Not in purpose of disregarding anyone....
i see... Fair enough.
as i expected.
i can understand your sentiment. justified...
in that case, go & exercise your free will.
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  #45991  
Old Oct 13, 2009 11:30pm
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Originally Posted by jarroo View Post
Hey Rac . . what do think of my trendline? Close enough?
sometimes people get excited/impatient, get ahead of themselves, they sell even prior a TL gets touched.
seems like the case here. lol
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  #45995  
Old Oct 13, 2009 11:45pm
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Originally Posted by jarroo View Post
Good answer....
The 4 hour (pin-ish) Inside Bar gave me a low risk, confluenced trade. I was at break even at the moment it touched the 133.00 and then it ran.
Awesome, Sir.
DIBS does run through your veins.
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  #46000  
Old Oct 14, 2009 12:58am
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Quote:
Originally Posted by supermatt View Post
I managed to make a few pips on this g/u beob. ...
managed tightly?
Nice trade...it's BUOB, btw.
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  #46002  
Old Oct 14, 2009 1:16am
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supermatt,
no worries, Sir. just clarifying it for the newer readers.
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  #46005  
Old Oct 14, 2009 3:42am
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Quote:
Originally Posted by bernie08 View Post
Hello....
Hey bernie08,
Welcome.. Keep posting & enjoy!
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  #46188  
Old Oct 16, 2009 1:30pm
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Quote:
Originally Posted by mbqb11 View Post
Ben Please keep the charts coming bud, they are great
Ben
u must be thinking that i'm picking on u.. my apologies, it's not my intention.
now that i've understood your whole sentiment, hope u understood mine.
Let's & see more of your charts.

btw, it's 1.31am here... a great weekend to all!
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  #46008  
Old Oct 14, 2009 4:14am
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Originally Posted by bernie08 View Post
Thanks mate,, when u get a chance have a look at my post about EUR
Cheers
Sure. but u didnt mention when & what broker/platform u saw the BUOB on, so it's difficult to answer.

in any case, here's a recent post by Sir mbqb11/mike about BUOBs/BEOBs.
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  #46010  
Old Oct 14, 2009 4:16am
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Quote:
Originally Posted by ekling View Post
Actually i was...
No worries Sir.. u are welcome
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  #46016  
Old Oct 14, 2009 5:53am
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Quote:
Originally Posted by raczekfx View Post
....
p.s. just noticed it's 2009, next post coming in 2010...lol
....



.... u almost got me there again, Sir.
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  #46020  
Old Oct 14, 2009 7:11am
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Quote:
Originally Posted by nasir.khan View Post
I was going through some old posts and got stuck on this...
He did not draw a PPZ here. (pink box)...
nothing wrong in considering it (the pink box)
Sir jarroo must've concentrated on pointing out main areas on those 2 charts.
if u noticed, on the 2nd chart, price bumped on this pink box area.
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  #46236  
Old Oct 17, 2009 10:03pm
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Quote:
Originally Posted by esbatu View Post
Anybody know which thread Rac is referring to?
i suspect it's a thread in the PF.
i better join the PF ASAP..
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  #46294  
Old Oct 19, 2009 5:03am
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Quote:
Originally Posted by james16 View Post
i do ok but all of you would be shocked at how modestly i live.....
living below your means...
highly exemplary, Sir.
another reason u are a good role model in my eyes.
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  #46302  
Old Oct 19, 2009 6:14am
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Quote:
Originally Posted by g_j_hook@yah View Post
hi guys, i have two sweet crude futures in my list of instruments??...
good question.
i know nothing about futures too.

what i noticed in WHC/Broco MT4 notices/notifications (via the mailbox) that every crude oil futures contracts (CLX9, CLZ9 are example of contracts) expire specifically on the 2nd to the last Tuesday (the week that starts with the 20th day) every month (i am not sure about the time it expires on this day).
example, for August, the crude oil contract used is CLU9 & this contract expires on August25 (check your calendar to see this)
for September, CLV9 is used; expires on Sept.22
for Oct., CLX9 is used (until Oct.20, Tuesday)
for November, CLZ9 is used; expires on Nov.24
& so on....

so to answer your Q., CLX9 is used until Oct.20, which is tomorrow. mid-day/end of Oct.20, CLZ9 will probably take effect.

i think the contract expiries (time & day?) differ for every commodity/other traded futures.

btw, here's the code for every month (used in futures)
Month = Code
January = F
February= G
March = H
April = J
May = K
June = M
July = N
August = Q
Sept = U
Oct = V
Nov = X
Dec = Z

I'll let the futures traders here correct me, just in case.
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Last edited by supremeChaos, Oct 19, 2009 6:20am Reason: wont format correctly
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  #46316  
Old Oct 19, 2009 8:52am
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Quote:
Originally Posted by Jazflyer View Post
Aloha,
Just killed my short on AJ. Getting to the point where killing a trade when things don't look like they will work out is getting easier. ...
Jazflyer!
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  #46317  
Old Oct 19, 2009 8:54am
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Quote:
Originally Posted by g_j_hook@yah View Post
thanx SC...
p.s. where do you get the info from!!??
Quote:
Originally Posted by supremeChaos View Post
...
what i noticed in WHC/Broco MT4 notices/notifications (via the mailbox)....

MT4's with futures send some notices, i think, a few days before a contract expires.



Quote:
Originally Posted by nasir.khan View Post
Ahhhh nothing serious....
Sorry if i embraced you.
g_j_hook@yah ended your 'game' pretty quick. ... i was late by a few minutes..
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  #46321  
Old Oct 19, 2009 9:21am
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Quote:
Originally Posted by esbatu View Post
Hi guys any comment on this DBHLC?
i think i have rarely traded this pair. so i may be off with my comments...

anyway, looking at that chart, i think this DBHLC is tradeable, but immediate traffic area seem to be 0.7400 area.
alternatively, a breakout trade above 0.75 (is this the top price?) is possible too --a two bar/two matching highs trade.

are u on demo/live? regardless, if u are unsure of what to do, better let it pass.

edit:
almost forgot to say, u can get in on a pullback PA after a 0.75 breakout
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Last edited by supremeChaos, Oct 19, 2009 9:41am
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  #46323  
Old Oct 19, 2009 9:46am
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Quote:
Originally Posted by KissFan View Post
I like this "8hr pin" and bullish divergence. Long at the break and partial profit at 150.00.
Please clarify bro...
u mean 8hr PB on higher swing low?
& break of 8hr PB, red TL &/or aqua blue MA?
bullish div. or is it hidden bearish divergence (plotted red divergence on the chart)? (or probably u are referring to a bullish div on a lower TF chart?)

Thanks Sir
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  #46326  
Old Oct 19, 2009 10:04am
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Quote:
Originally Posted by esbatu View Post
.. Well guess just need to keep learning.
...another question about DBHLC, DBLHC, BUOVB and BEOVB. Do we need to wait for the break of the last bar to consider it as a valid setup? (the blue line on the chart)
Yes, we all need practice, Sir.

yes, wait for the break. buffer is 10pips. i suggest a recent post/s by sir Mike for further reading..

Never stop learning!
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  #46336  
Old Oct 19, 2009 12:05pm
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Quote:
Originally Posted by scott087 View Post
Anyone who plays breakouts or anything similar to what I posted above I'd like to hear any comments...
nice trade, Scott. patience pays, huh.

Quote:
It formed a pinnish looking inside bar on the daily off 70 and this confirmed the breakout long for me. (Note - This bar is not a pin and not at a swing low where we want them--don't get confused and think this bar is good enough to trade by itself because it isn't)
did this pinnish IB closed near the open? nice brkout & pullback.

the false brkout to the downside stopped at a previous (hgiher swing) low @ 66.00. t0 me, 66.00 would be the low of the 'smaller' range while 64.30-ish is the low of the 'bigger' range. (the top of 'both' range/s would be 74.00, imo)

Looking at the weekly, 74.00 seems to be the lower part of another range. noticed too how 'smooth sailing' price went from 72 ('top of the range') to 74 (bottom of the upper range')
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  #46344  
Old Oct 19, 2009 12:32pm
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Originally Posted by mbqb11 View Post
Jim you are finally moving in with the Jonas brothers? I thought that was all talk when you told me on the phone.
if i got 'it' correctly, the place has very nice amenities.
but the price tag range, for me, well.... ..even for a recession...
the price range is pretty wide, PA-wise.
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  #46346  
Old Oct 19, 2009 12:51pm
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Quote:
Originally Posted by mbqb11 View Post
I was just busting Jims you know what
gotta get mine in while I can
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  #46395  
Old Oct 19, 2009 11:25pm
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Originally Posted by Bryan View Post
If you...
I've been in it this long, what's a few more pips
well, if it's a losing trade & u know it, & yet u stay a bit longer, it will sting more
if it's a losing trade & u know it, then abandon the ship ASAP
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  #46396  
Old Oct 19, 2009 11:30pm
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Originally Posted by TraderJay101 View Post
If placed with London charts, you would still be in too. With London taking the largest volume of FX trades, does anyone know if London time daily pins are any stronger than others?
i believe it does not matter that much if it's a London time daily PB or not.
big or high volume/momentum PA setups can occur at any time of day.

remember, "London-ers" trade prior, during & after London time, & they have office branches in US/North America & Asia who trade too. same thing goes for "North (& South) American-ers" & "Asia-ers". even Central banks trade outside of their respective timezones.
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  #46397  
Old Oct 19, 2009 11:38pm
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Originally Posted by o990l6mh View Post
I intend to do the same. If only there were more than 24 lousy hours in a day!
we need & want to trade better & profitably. but we more importantly need to sleep adequately. if we continually lack in sleep, we wont be able to focus on our daily chores, including trading.
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  #46398  
Old Oct 19, 2009 11:44pm
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Originally Posted by dengzhi View Post
I only saw a couple posts on the AUD/JPY pinbar loss....
decent setup at the top, plenty of room to run, it broke, and turned around and burned me for 1.5%.. ouch (i normally risk no more than 1%... but i was so confident in this trade that i risked 1.5)
of course the biggest con about the trade was against the trend.
....
here u go, u said it yourself, countertrend.
as have been said, the PB is relatively smaller compared to the immediate previous bar.
it pays to know the trend, & respect it. also pay attention to the strength of each currency.

for example, on Oct16., we had an iffy H4 PB on gbp$ & a BIG H4 BEOB (&/or DBHLC) on eur$ (Alpari, XTB etc; GMT + 2 brokers). which of the two do u think i countertrend-shorted?...... eur$? Wrong, i took the gbp$. WHY?? i KNEW eur$ is in an uptrend while gbp$ is much much weaker imo (compare their charts H4 & up). plus, at that time gbp$ has less traffic below current price compared to eur$. i knew that eur$ can get more buyers on any downmove sooner or later. TRUE enough, Sir james16 got in around 1.4850. eur$ is now, & again, knocking at 1.50.
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  #46400  
Old Oct 19, 2009 11:57pm
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Quote:
Originally Posted by joelcf View Post
...
posting from the beach while checking the H4 charts. something seriously wrong with me
hey bro, post much bigger fonts as many are much older than us.
to affirm your thoughts, YES, something is seriously wrong with u ---u are damn enjoying life at this moment at the beach. i envy your trade office, lol
free WIFI too? damn...
just be sure to keep away from the sun's rays (or eat more tomatoes if u want to expose yourself to the rays often; tomatoes -- natural & non-stick sunblock).
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  #46406  
Old Oct 20, 2009 2:17am
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Quote:
Originally Posted by rustyjeff View Post
...
on my feed my stop has not been hit. I played this as a normal daily bar as it is my daily srategy... Its no problem... it happens.. its only one trade.
...
RSI-wise, i can see why u like this one.
was your stop 15-30pips above the 84.20 FXPro PB high?
imho, price will have a chance for further stab downwards if price can move through 83 - 83.50 with momentum. otherwise, aud strength will continue to prevail.
anyway, i'm sure u know that already Sir.
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  #46416  
Old Oct 20, 2009 5:36am
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Originally Posted by Jazflyer View Post
As per my post here I can confirm what SC is saying. Wasn't a winner but didn't "feel" as bad as a looser. Actually, almost felt like a win, psychologically speaking that is.
certainly Sir. i know because i have experienced it before, MANY times. i still experience & make mistakes up to now, but they happen less & less [we (should) learn as we grow].
Psychology is a big part of trading (skill is just a minor part of trading), so a win psychologically speaking is a big win.

anyway, there's always another trade coming, right.
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  #46422  
Old Oct 20, 2009 7:15am
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Quote:
Originally Posted by Mikali View Post
On Sunday I placed a trade on the EURUSD based on a price action pattern that is seldom discussed - that is matching highs...
Quote:
Originally Posted by nasir.khan View Post
Speaking for PA i have no idea what are matching High's ( Working with PB & Outside Bars). But for Location you would hit 1.5 just after 31 pips for the rest see the chart.
Hi Mikali!

nasir,
matching highs/lows - bar highs/lows that match/are similar (may inclued 2 or more bars), got it
look at the rightmost part of your yellow ellipse - once 1.50 broke, it took only 9 bars for price to jump from 1.50 - 1.60 (i'm not implying that this will recur).
at this point, price can only do 1of 3 things:
1. break 1.50 upwards
2. reverse downward
3. consolidate first (further) sub-1.5000 before moving up or down
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  #46426  
Old Oct 20, 2009 7:42am
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Quote:
Originally Posted by nasir.khan View Post
...
I am not that dumb. But what i was saying that how we trade them here.
Are you sure you didn't missed anything.
did i appear condescending? apologies, i'm just kidding with u as always.
anyway, im much dumber than u... matching highs/lows are breakout trades: u can put an entry with buffer above/below the highs/lows, stops below/above the low/high or u can use a PPZ or S/R.
Glad to know u have a good disposition
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  #46434  
Old Oct 20, 2009 8:59am
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Quote:
Originally Posted by esbatu View Post
Hi Mike,... How do you describe swing high/low?
The problem I have is that it is easy to point swing high/low in hindsight. But during real time trade, in certain situation it's really confusing. I notice that if a pinbar works, it will become the swing point. But if it fails than it just becomes a regular bar in the swing movement.

I think it is easier if we use the chart below as an example.....
here's a recent sir mbqb11 post about swing hi/low.

A = yes, this could've been a swing low...
B & C = minor swing points
D could be considered a less-than minor swing point. if i were to only choose between minor or major, then this is a minor swing to me.

in general, we are looking for a cluster of bars (usually forming a clear "V" shape) that conspicuously protrudes among the other clusters of bars within a chart.
we can avoid the 'in hindsight' problem by looking for/expecting big reversal bars that protrudes at good locations. big bars at good/great locations rarely get 'rejected'/fail their 'missions'.


i am not good with words but i hope i made sense here.
just my view
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Last edited by supremeChaos, Oct 20, 2009 1:02pm Reason: fixed the link
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  #46499  
Old Oct 20, 2009 9:38pm
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Quote:
Originally Posted by raczekfx View Post
.. and they were indeed huge...
Listen to Mike, he knows...
Quote:
Originally Posted by mbqb11 View Post
no doubt in my mind YOU were the one who actually profited here though( I slept )
lol...
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  #46503  
Old Oct 20, 2009 11:03pm
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Quote:
Originally Posted by Cyrus View Post
Heya Nos,
...
Could you post that indicator..
Cyrus,
if i may...
are u referring to the 3 mini charts on the righthand side of his chart?
if so, it's stratman's minicharts. over at the THV thread. look for the latest version (v.12 or above?)
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