|
|
james16 Chart Thread
 |
|
|

Oct 5, 2009 7:32am
|
 |
sucker for punishment
|
|
|
|
a nice looking 4h BEOB on the eu/us just breaking. i like the location which has prooved a flip point for this pair mant times recently, we have bearish divergence and confluence with the 50 ema and the fib retrace.
lets see if we get a hard break??
P.S. sorry to see you leave SP !! 
you will be missed buddy, but good luck with everthing you get up to. 
jon
EDIT: i like this as a possible great entry to a new down trend?? i feel if we make new lows below the 144.80 of oct 2 we are set to down trend for a while?? time will tell
__________________
PATIENCE... DISCIPLINE
|

Oct 5, 2009 10:25am
|
 |
sucker for punishment
|
|
|
|
hi guys, i have a problem with my charts on fxpro and i was hoping for your input??
mt trend lines dont stay where they are supposed to anymore!!?? i have had a few issues since the platform updated a while ago...this being one of them.
does anyone have any suggestions??
the chart shows the upper tl at different values as i change to lower TFs ??!!
cheers
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 5, 2009 7:32am
|
 |
sucker for punishment
|
|
|
|
a nice looking 4h BEOB on the eu/us just breaking. i like the location which has prooved a flip point for this pair mant times recently, we have bearish divergence and confluence with the 50 ema and the fib retrace.
lets see if we get a hard break??
P.S. sorry to see you leave SP !! 
you will be missed buddy, but good luck with everthing you get up to. 
jon
EDIT: i like this as a possible great entry to a new down trend?? i feel if we make new lows below the 144.80 of oct 2 we are set to down trend for a while?? time will tell
__________________
PATIENCE... DISCIPLINE
|

Oct 5, 2009 10:25am
|
 |
sucker for punishment
|
|
|
|
hi guys, i have a problem with my charts on fxpro and i was hoping for your input??
mt trend lines dont stay where they are supposed to anymore!!?? i have had a few issues since the platform updated a while ago...this being one of them.
does anyone have any suggestions??
the chart shows the upper tl at different values as i change to lower TFs ??!!
cheers
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 5, 2009 7:32am
|
 |
sucker for punishment
|
|
|
|
a nice looking 4h BEOB on the eu/us just breaking. i like the location which has prooved a flip point for this pair mant times recently, we have bearish divergence and confluence with the 50 ema and the fib retrace.
lets see if we get a hard break??
P.S. sorry to see you leave SP !! 
you will be missed buddy, but good luck with everthing you get up to. 
jon
EDIT: i like this as a possible great entry to a new down trend?? i feel if we make new lows below the 144.80 of oct 2 we are set to down trend for a while?? time will tell
__________________
PATIENCE... DISCIPLINE
|

Oct 5, 2009 10:25am
|
 |
sucker for punishment
|
|
|
|
hi guys, i have a problem with my charts on fxpro and i was hoping for your input??
mt trend lines dont stay where they are supposed to anymore!!?? i have had a few issues since the platform updated a while ago...this being one of them.
does anyone have any suggestions??
the chart shows the upper tl at different values as i change to lower TFs ??!!
cheers
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 5, 2009 7:32am
|
 |
sucker for punishment
|
|
|
|
a nice looking 4h BEOB on the eu/us just breaking. i like the location which has prooved a flip point for this pair mant times recently, we have bearish divergence and confluence with the 50 ema and the fib retrace.
lets see if we get a hard break??
P.S. sorry to see you leave SP !! 
you will be missed buddy, but good luck with everthing you get up to. 
jon
EDIT: i like this as a possible great entry to a new down trend?? i feel if we make new lows below the 144.80 of oct 2 we are set to down trend for a while?? time will tell
__________________
PATIENCE... DISCIPLINE
|

Oct 5, 2009 10:25am
|
 |
sucker for punishment
|
|
|
|
hi guys, i have a problem with my charts on fxpro and i was hoping for your input??
mt trend lines dont stay where they are supposed to anymore!!?? i have had a few issues since the platform updated a while ago...this being one of them.
does anyone have any suggestions??
the chart shows the upper tl at different values as i change to lower TFs ??!!
cheers
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 5:23am
|
 |
sucker for punishment
|
|
|
|
morning yawl..if it is where you are??
Quote:
a nice looking 4h BEOB on the eu/us just breaking. i like the location which has prooved a flip point for this pair mant times recently, we have bearish divergence and confluence with the 50 ema and the fib retrace.
lets see if we get a hard break??
|
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
Quote:
Sorry jon, I'm not at my regular charts (FxPro, IBFX, etc.) Maybe try a close and restart. __________________
|
Quote:
jon,
this thread may help. see post #17 there too.
|
Thanx guys, i cant seem to fix the problem so i am going to download this platform and a couple of others see what happens then. im just glad it is not the broker i use to trade with.
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 5:26am
|
 |
sucker for punishment
|
|
|
|
[quote=esbatu;3120352] Can we check back the spread during that particular time? Or anyone can confirm that?[/quote]
go to the resourses tab menu and you will find the spread statistics tab/link. i think you find them there.
by the way i have mine turned off and have never had any problems with my orders on my live account??
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 5:23am
|
 |
sucker for punishment
|
|
|
|
morning yawl..if it is where you are??
Quote:
a nice looking 4h BEOB on the eu/us just breaking. i like the location which has prooved a flip point for this pair mant times recently, we have bearish divergence and confluence with the 50 ema and the fib retrace.
lets see if we get a hard break??
|
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
Quote:
Sorry jon, I'm not at my regular charts (FxPro, IBFX, etc.) Maybe try a close and restart. __________________
|
Quote:
jon,
this thread may help. see post #17 there too.
|
Thanx guys, i cant seem to fix the problem so i am going to download this platform and a couple of others see what happens then. im just glad it is not the broker i use to trade with.
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 5:26am
|
 |
sucker for punishment
|
|
|
|
[quote=esbatu;3120352] Can we check back the spread during that particular time? Or anyone can confirm that?[/quote]
go to the resourses tab menu and you will find the spread statistics tab/link. i think you find them there.
by the way i have mine turned off and have never had any problems with my orders on my live account??
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 6:45am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by supremeChaos
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) 
|
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. now the BUOB on the 4h TF which effectivly ended my trade would have been a good entry had i been here and prepared.
cheers
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 6:48am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by esbatu
hi g_j_hook@yah,
I check on the spread statistic as you pointed out and it did confirm that the spread during that time was more than 30 pips. So Oanda canceled my trade because my stoploss was too tight and smaller than the spread. Anyway, I considered this no trade = BE trade. So it still a win in my book. Thanks for your help
|
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 6:56am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by pipmyride
Anyone think this BEOB is tradable - until at least the bottom ?
|
hi pipmyride, i have a pin bar also and i liked the trade.i think there is often some follow through to moves like this after news.
i got in on the 1h TF hwich gave a BEOB. i entered on the retrace. i have just moved my stop to be in case that round number holds out.the possition is too small to take partial profit.
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 5:23am
|
 |
sucker for punishment
|
|
|
|
morning yawl..if it is where you are??
Quote:
a nice looking 4h BEOB on the eu/us just breaking. i like the location which has prooved a flip point for this pair mant times recently, we have bearish divergence and confluence with the 50 ema and the fib retrace.
lets see if we get a hard break??
|
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
Quote:
Sorry jon, I'm not at my regular charts (FxPro, IBFX, etc.) Maybe try a close and restart. __________________
|
Quote:
jon,
this thread may help. see post #17 there too.
|
Thanx guys, i cant seem to fix the problem so i am going to download this platform and a couple of others see what happens then. im just glad it is not the broker i use to trade with.
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 5:26am
|
 |
sucker for punishment
|
|
|
|
[quote=esbatu;3120352] Can we check back the spread during that particular time? Or anyone can confirm that?[/quote]
go to the resourses tab menu and you will find the spread statistics tab/link. i think you find them there.
by the way i have mine turned off and have never had any problems with my orders on my live account??
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 6:45am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by supremeChaos
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) 
|
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. now the BUOB on the 4h TF which effectivly ended my trade would have been a good entry had i been here and prepared.
cheers
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 6:48am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by esbatu
hi g_j_hook@yah,
I check on the spread statistic as you pointed out and it did confirm that the spread during that time was more than 30 pips. So Oanda canceled my trade because my stoploss was too tight and smaller than the spread. Anyway, I considered this no trade = BE trade. So it still a win in my book. Thanks for your help
|
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 6:56am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by pipmyride
Anyone think this BEOB is tradable - until at least the bottom ?
|
hi pipmyride, i have a pin bar also and i liked the trade.i think there is often some follow through to moves like this after news.
i got in on the 1h TF hwich gave a BEOB. i entered on the retrace. i have just moved my stop to be in case that round number holds out.the possition is too small to take partial profit.
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 5:23am
|
 |
sucker for punishment
|
|
|
|
morning yawl..if it is where you are??
Quote:
a nice looking 4h BEOB on the eu/us just breaking. i like the location which has prooved a flip point for this pair mant times recently, we have bearish divergence and confluence with the 50 ema and the fib retrace.
lets see if we get a hard break??
|
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
Quote:
Sorry jon, I'm not at my regular charts (FxPro, IBFX, etc.) Maybe try a close and restart. __________________
|
Quote:
jon,
this thread may help. see post #17 there too.
|
Thanx guys, i cant seem to fix the problem so i am going to download this platform and a couple of others see what happens then. im just glad it is not the broker i use to trade with.
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 5:26am
|
 |
sucker for punishment
|
|
|
|
[quote=esbatu;3120352] Can we check back the spread during that particular time? Or anyone can confirm that?[/quote]
go to the resourses tab menu and you will find the spread statistics tab/link. i think you find them there.
by the way i have mine turned off and have never had any problems with my orders on my live account??
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 6:45am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by supremeChaos
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) 
|
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. now the BUOB on the 4h TF which effectivly ended my trade would have been a good entry had i been here and prepared.
cheers
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 6:48am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by esbatu
hi g_j_hook@yah,
I check on the spread statistic as you pointed out and it did confirm that the spread during that time was more than 30 pips. So Oanda canceled my trade because my stoploss was too tight and smaller than the spread. Anyway, I considered this no trade = BE trade. So it still a win in my book. Thanks for your help
|
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 6:56am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by pipmyride
Anyone think this BEOB is tradable - until at least the bottom ?
|
hi pipmyride, i have a pin bar also and i liked the trade.i think there is often some follow through to moves like this after news.
i got in on the 1h TF hwich gave a BEOB. i entered on the retrace. i have just moved my stop to be in case that round number holds out.the possition is too small to take partial profit.
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 6:45am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by supremeChaos
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) 
|
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. now the BUOB on the 4h TF which effectivly ended my trade would have been a good entry had i been here and prepared.
cheers
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 6:48am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by esbatu
hi g_j_hook@yah,
I check on the spread statistic as you pointed out and it did confirm that the spread during that time was more than 30 pips. So Oanda canceled my trade because my stoploss was too tight and smaller than the spread. Anyway, I considered this no trade = BE trade. So it still a win in my book. Thanks for your help
|
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 6:56am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by pipmyride
Anyone think this BEOB is tradable - until at least the bottom ?
|
hi pipmyride, i have a pin bar also and i liked the trade.i think there is often some follow through to moves like this after news.
i got in on the 1h TF hwich gave a BEOB. i entered on the retrace. i have just moved my stop to be in case that round number holds out.the possition is too small to take partial profit.
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 4:50pm
|
 |
sucker for punishment
|
|
|
|
hi guys, heres one im looking at. the bar closes on the hour. i would have liked to have seen a deeper retrace and that fact is bugging me. 
any thoughts on this possible setup most welcome!
cheers
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 4:56pm
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by g_j_hook@yah
hi pipmyride, i have a pin bar also and i liked the trade.i think there is often some follow through to moves like this after news.
i got in on the 1h TF which gave a BEOB. i entered on the retrace. i have just moved my stop to be in case that round number holds out.the position is too small to take partial profit.
|
just to update on this i closed the full position at 1.5890 for a return of around 1:3
Quote:
In moments like this I always yell : thanks James, Mike and all of you who show me that method.
|
i know the feeling!
nice one by the way.  too scary those 5min charts for me lol
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 4:50pm
|
 |
sucker for punishment
|
|
|
|
hi guys, heres one im looking at. the bar closes on the hour. i would have liked to have seen a deeper retrace and that fact is bugging me. 
any thoughts on this possible setup most welcome!
cheers
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 4:56pm
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by g_j_hook@yah
hi pipmyride, i have a pin bar also and i liked the trade.i think there is often some follow through to moves like this after news.
i got in on the 1h TF which gave a BEOB. i entered on the retrace. i have just moved my stop to be in case that round number holds out.the position is too small to take partial profit.
|
just to update on this i closed the full position at 1.5890 for a return of around 1:3
Quote:
In moments like this I always yell : thanks James, Mike and all of you who show me that method.
|
i know the feeling!
nice one by the way.  too scary those 5min charts for me lol
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 4:50pm
|
 |
sucker for punishment
|
|
|
|
hi guys, heres one im looking at. the bar closes on the hour. i would have liked to have seen a deeper retrace and that fact is bugging me. 
any thoughts on this possible setup most welcome!
cheers
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 4:56pm
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by g_j_hook@yah
hi pipmyride, i have a pin bar also and i liked the trade.i think there is often some follow through to moves like this after news.
i got in on the 1h TF which gave a BEOB. i entered on the retrace. i have just moved my stop to be in case that round number holds out.the position is too small to take partial profit.
|
just to update on this i closed the full position at 1.5890 for a return of around 1:3
Quote:
In moments like this I always yell : thanks James, Mike and all of you who show me that method.
|
i know the feeling!
nice one by the way.  too scary those 5min charts for me lol
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 4:50pm
|
 |
sucker for punishment
|
|
|
|
hi guys, heres one im looking at. the bar closes on the hour. i would have liked to have seen a deeper retrace and that fact is bugging me. 
any thoughts on this possible setup most welcome!
cheers
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 6, 2009 4:56pm
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by g_j_hook@yah
hi pipmyride, i have a pin bar also and i liked the trade.i think there is often some follow through to moves like this after news.
i got in on the 1h TF which gave a BEOB. i entered on the retrace. i have just moved my stop to be in case that round number holds out.the position is too small to take partial profit.
|
just to update on this i closed the full position at 1.5890 for a return of around 1:3
Quote:
In moments like this I always yell : thanks James, Mike and all of you who show me that method.
|
i know the feeling!
nice one by the way.  too scary those 5min charts for me lol
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 7, 2009 9:08am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by Scot Pippin'
I'm in on the break of this BEOB on the NZDUSD 4hr...anyone else?
|
i like this also although i have a different bar on my feed. there is a few Ob setting up on my charts on the 4hTF (bar closes on the hour) au/us i like as it closes below the round number. it has divergence on the 1h chart but not on the 4h??
gb,us,eu/yen all have nice looking BUOBs. any thoughts on these??
cheers jon
p.s. thanx for the input i asked for on the nz/yen setup  it always helps me a lot to see different perspectives on the how the charts look
__________________
PATIENCE... DISCIPLINE
|

Oct 7, 2009 9:08am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by Scot Pippin'
I'm in on the break of this BEOB on the NZDUSD 4hr...anyone else?
|
i like this also although i have a different bar on my feed. there is a few Ob setting up on my charts on the 4hTF (bar closes on the hour) au/us i like as it closes below the round number. it has divergence on the 1h chart but not on the 4h??
gb,us,eu/yen all have nice looking BUOBs. any thoughts on these??
cheers jon
p.s. thanx for the input i asked for on the nz/yen setup  it always helps me a lot to see different perspectives on the how the charts look
__________________
PATIENCE... DISCIPLINE
|

Oct 7, 2009 9:08am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by Scot Pippin'
I'm in on the break of this BEOB on the NZDUSD 4hr...anyone else?
|
i like this also although i have a different bar on my feed. there is a few Ob setting up on my charts on the 4hTF (bar closes on the hour) au/us i like as it closes below the round number. it has divergence on the 1h chart but not on the 4h??
gb,us,eu/yen all have nice looking BUOBs. any thoughts on these??
cheers jon
p.s. thanx for the input i asked for on the nz/yen setup  it always helps me a lot to see different perspectives on the how the charts look
__________________
PATIENCE... DISCIPLINE
|

Oct 7, 2009 9:08am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by Scot Pippin'
I'm in on the break of this BEOB on the NZDUSD 4hr...anyone else?
|
i like this also although i have a different bar on my feed. there is a few Ob setting up on my charts on the 4hTF (bar closes on the hour) au/us i like as it closes below the round number. it has divergence on the 1h chart but not on the 4h??
gb,us,eu/yen all have nice looking BUOBs. any thoughts on these??
cheers jon
p.s. thanx for the input i asked for on the nz/yen setup  it always helps me a lot to see different perspectives on the how the charts look
__________________
PATIENCE... DISCIPLINE
|

Oct 14, 2009 8:46am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by nasir.khan
|
hi guys, for what its worth i agree with SC, i think you have identified an important level and one to be aware of and im sure Jarroo was also, at the point of posting his chart it had only two touches and so i think he just probably prefers to keep a clean chart?? Well done for noticing this area though and im sure many people will benefit from your observations. 
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 14, 2009 1:39pm
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by jarroo
1st post please. Excellent.
Its what I do waiting for a trades to develop. 
|
snap!!! ill quote this post as it has both your replies....
this is the actual chart im working off atm !! lol it doesnt look such a mess when you go down a TF or two lol the 3 arrows are weekly set ups and the 2 are dailys.this doesnt even have any 4h bars included!! hehe
(take no notice of the PPzs n stuff!!not all are correctly drawn)
jon.
i agre also with what Arron said about it being a great way to start developing your trade management strategies. 
__________________
PATIENCE... DISCIPLINE
|

Oct 15, 2009 6:54pm
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by mbqb11
Yes exactly
The best way I can explain it is....
|
  
i love these posts!! they gives there weight in gold if you read between the lines a little!!
thanx a million
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 15, 2009 7:08pm
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by james16
remember many years ago the old "mikey knows" TV thing?
well mikey knows.
|
i know lol, im waiting for the day i see the charts like he does!!??
__________________
PATIENCE... DISCIPLINE
|

Oct 15, 2009 7:15pm
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by encul?e
USDCAD daily BUOB opinions? Something about it doesn't smell right.
edit: if it's not too much trouble James, could we see a YM intraday chart form you?
|
for what its worth, i like the location and the bar itself. how far it will run up (if she goes up) i wouldnt like to say??but i feel 1.06 is very possible??
jon
p.s. good night yawl 
__________________
PATIENCE... DISCIPLINE
|

Oct 14, 2009 8:46am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by nasir.khan
|
hi guys, for what its worth i agree with SC, i think you have identified an important level and one to be aware of and im sure Jarroo was also, at the point of posting his chart it had only two touches and so i think he just probably prefers to keep a clean chart?? Well done for noticing this area though and im sure many people will benefit from your observations. 
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 17, 2009 10:15am
|
 |
sucker for punishment
|
|
|
|
hi guys, heres something i will watching next week
not the best locations and i would have liked to see more confluence ....
jon
p.s. ignore the trades they are on demo only
__________________
PATIENCE... DISCIPLINE
|

Oct 17, 2009 11:18am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by kiwipom
Hi all,
This is my first post and so would like to congratulate you all on such a fantastic thread.
Well being relatively new to forex and this trading method (which i have yet to read the thread on) would like to ask your opinion on the attached eur us trade i took in which i am trying to take advantage of the afore mentioned 149 to 153 range.
I entered based upon the pin highlighted and going with the trend.
Your advice and comments are appreciated.
I realise that this may not be as per this method but i am here to learn.
Thanks
|
hi mate,welcome to the thread,  . just to elaborate on the previous post what you have there is a hanging man in candlestick talk or a ghous inside PB! understanding the difference is vital as it is an exhaustion bar showing a possible retrace/change of trend from the current upward momentum. i.e...not the best place to go long!! the shape of the bar is good but we want to see that bar at swing lows.Then if there is any confluence,PPzs round numbers ,divergence and the location is good......
hope the charts help
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 18, 2009 10:20am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by mbqb11
you are doing great man 
|
hey thanx Mike!! appreciated!
cheers 
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 18, 2009 10:22am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by TiaForex
Amen. I am really glad to have you both around.
|
Well i had that exact reply in my mind (including the word Amen!! )but you beat me too it!
not surprising someone did
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 19, 2009 5:14am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by jarroo
Thanks jon.
Also, nice work on the Eur/Gbp. This is also a 2 Week PB which has a nice size.
A little trick I do is look at the Monthly chart at the end of each week to see 2 or 3 week combo PAs. And on the weekly charts on Tues., Wed. and Thurs to see Daily combos. 
|
thank you!!
nice one for that little trick of the trade there, i had never thought of that! 
cheers
jon
well played on those gaps everyone!! this thread is getting pretty advanced these days eh!!? like it! 
__________________
PATIENCE... DISCIPLINE
|

Oct 19, 2009 5:44am
|
 |
sucker for punishment
|
|
|
|
hi guys, i have two sweet crude futures in my list of instruments?? one for november and one for december...CLX9 and CLZ9 why!!?? which one is valid atm and why is there two?? i know nothing of futures so this may be a silly question?
cheers
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 19, 2009 6:06am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by Pr1mer
These contracts price the future value of sweet crude in November and in December. These prices are going to be different due to the different valuation periods. Remember that the prime use for commodities futures was their phisical delivery.
At the beginning for speculation I'd strongly recommend to trade futures contracts with the closest expiration date due to their highest liquidity.
In this case for now that would be CLX9.
Hope that helps.
Cheers,
Pr1mer
|
ahha.. i think i get it, they are both valid contracts with different expiry dates!!??thanx for the tip.
i dont intend to trade futures at any time soon but its good to know. i am starting to use some comods and indices as confluence factors for some currencies pairs,i think that is as far it will go for me
thanx for the response mate
cheers
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 19, 2009 7:39am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by supremeChaos
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...
|
thanx SC, i tried to enter a possition on both contracts (to find out)but was only able to open one on the decenber contract, the nov contract gave me a trade is disabled message so it sems you have it right,
cheers
jon
p.s. where do you get the info from!!??
__________________
PATIENCE... DISCIPLINE
|

Oct 19, 2009 8:03am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by nasir.khan
You could've get the "Trade Disabled" message for this one also.
|
??? 
wot do you mean?? 
cheers
jon
EDIT: im up 180 eu on my long i placed messing around!!    (this game is easy!! hahahah)
__________________
PATIENCE... DISCIPLINE
|

Oct 19, 2009 8:16am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by nasir.khan
Ahhhh nothing serious bro you just misspelled December.
Sorry if i embraced you. 
|
   ...like it...
not embraced dont worry! not got the ego for it!! hehe
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 19, 2009 8:21am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by zimdonks
Hi everyone,
been some great setups today. anyone catch the GC breakout this morning, i missed it.
short EG now....maybe it will move from here to break that weekly beob.
good trading guys,
|
nice going bro!! iv got the same entry from the break of the 2 1h IBs(on my demo and a competition i am in which i have no chance of winning  ((market index...im up 44% since last week at time of post!!  ) and from the break of the 15min pin on my real account  
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 19, 2009 8:49am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by zimdonks
good to hear G_J_hook@yah! great stuff.
may i ask what competition it is?
yeah i used the 1H inside bars too, to support my analysis then dropped to 5min for entry
Would you taka a 3rd entry if the weekly bar breaks??
|
to be honest i have no plans to short the break, i intend to wait for a retrace entry if price breaks the weekly BEOB,i have an order to take some profit near the low of that bar and i will look to add to the remaining position on any retrace we might get after the break. i personally have my doubts that it will break today but that is just a guess??who knows??
hope this helps
jon
EDIT: oh yeah, the competition is with marketindex, a fairly new platform with abn amro. it is basically the oanda platform without the trailing stops!!?? winner gets a mere 5000 eu
i am hoping to finish in the top 50?? problem is also i can not trade full time, the winning account was up over 200% when i looked this weekend!! i would be up 48 if i closed everything now!hehe
good for fun though i wouldnt dream of position sizes like the ones i have running with my real account!! lol
__________________
PATIENCE... DISCIPLINE
|

Oct 19, 2009 9:58am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by esbatu
Hi SC, thanks. Yes I am still on demo. Still struggling in applying this PA stuffs. Everytime I thought I got it right, the market just smack me down. Sigh..  Well guess just need to keep learning.
Back to topic. If you don't mind, 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)
|
yeah thats right  as with all these trigger bars we need them to break before they can be considered valid. with experience you may be able to pre-empt the signals but it is not necessary to make a living.
i wont comment on the dbhlc or the dblhc as i dont trade them as yet
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 20, 2009 12:36am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by james16
BOY IS THIS THE TRUTH.
i went thru the bozo thing for a long long time. here is the uc trade im way way up on as well as the eu and a couple others but i took a loss on the uj last night for around 20 pips.
that small a loss doesnt bother me. big ones bother me so i dont allow them to happen.
|
hi Jim, thanx for your insights. 
your charts illustrate the problem i have with touch trades in general. in one chart you went short as price reached your PPZ and on the other you went long on the break! could you elaborate on what helped you decide on which direction to trade??e.g.why didnt you go short when price reached the PPZ on your us/yen chart?? i never know without some PA if price is going to bounce or break through!!?? i hope i have explained myself well enough??
thanx again
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 20, 2009 1:09am
|
 |
sucker for punishment
|
|
|
|
morning yawl, heres one ill be watching out for today. gb/cad daily IB. I am not sure how far she will run and i dont know if we will get new lows but i think it has some promise if played tightly?? any thought welcome??
cheers
jon
p.s. the trade running is on demo and i plan to reverse it on the break of the IB ??
__________________
PATIENCE... DISCIPLINE
|

Oct 20, 2009 1:22am
|
 |
sucker for punishment
|
|
|
|
update...
remember this chart??(weekly) well we now have a daily IB which if breaks to the downside could give us a nice entry for the weekly bar??
any comments welcome
cheers
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 20, 2009 2:51am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by joelcf
Couple of quick ones:
D1
- that's a small setup following a big move. As someone smarter than me once put it, dont pick up pennies in front of a freight train
H4
- I'd be hesitant to call that a double top, given it occurs at the bottom. Retest of a PPZ? sure.
- that isnt really bearish divergence. If anything, it is bullish on the RSI and non-existant on the MACD... As for RSI divergence in general, the only use I have ever really found for it is in looking for a trend change, which doesnt really apply here. And it usually jumps around...
|
thanx for your thoughts Joel,appreciated. 
i agree with your points except the bit about the divergence. although i dont see it as anything strong i do see it as bearish?the bullish div. you mention i think has already played out? i have been using RSI for divergence for some years now and i find it ti be a pretty good indication of price exhaustion and possible trend change.Could you eleborate why you dont think there is div. on the macd??
cheers
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 20, 2009 3:20am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by nasir.khan
Now what??
|
well speaking for me i have my stop on the last half of my possition at .9155 so i will wait n see if it gets hit or not??
jon
a better place for my stop for me, would be at BE (.9176)but im not prepared to give it all back even though im in profit!!
EDIT: im actually short gb/us for a quick scalp. my stop is at BE and i have closed 50% for a return of about 1:1,si that makes up for any profit i give back on the eu/gb short
__________________
PATIENCE... DISCIPLINE
|

Oct 20, 2009 3:35am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by zimdonks
Hey G_J_hook@yah....
thought id put my thoughts on that GBPCAD chart you posted earlier...
i dont have a GBPCAD pair on my platform unfortunately otherwise i might be able to give a more educated analysis (its probably played out already so my thoughts are probably pointless)....
i dont really play with divergence much....get confused or think about entering when i shouldn't
would you mind posting a chart when it has played out so i can see what happened?
best
rich
|
hi mate, i also have that wedge/triangle drawn in from the 1h TF and looks to be testing its lower boundriy as i type. You will find that many of these IBs come out as some kind off pattern on a lower
TF. i am just about to leave my computer for a while so i will try and find some charts to illustrate divergence later today. 
jon
EDIT: the area where you indicated you would draw in your PPZ is also valid imo, i just didnt draw it in as i was trying to illustrate the PPZ shown on the weekly and daily charts.
__________________
PATIENCE... DISCIPLINE
|

Oct 20, 2009 8:17am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by nasir.khan
Hope you escaped with you SL (considering FXPro Spread). I will hide my SL behind 9140 after the BEOB and 9100 break (if it breaks).
|
yeah, im still hanging in there....
__________________
PATIENCE... DISCIPLINE
|

Oct 20, 2009 8:39am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by g_j_hook@yah
hi mate, i also have that wedge/triangle drawn in from the 1h TF and looks to be testing its lower boundriy as i type. You will find that many of these IBs come out as some kind off pattern on a lower
TF. i am just about to leave my computer for a while so i will try and find some charts to illustrate divergence later today. 
jon
EDIT: the area where you indicated you would draw in your PPZ is also valid imo, i just didnt draw it in as i was trying to illustrate the PPZ shown on the weekly and daily charts.
|
hope this chart helps?? This is obviously drawn after the fact but i hope it gives you an idea of how i use divergence?
the thing about divergence is that we never know if its going to bounce twice, three times etc before price does anything and the divergence is acted on. I always try to find a way to confirm the move with PA or a trend line break. i know some people trade from divergence alone and do pretty well it seems but i like to see more confluence than div. only. There is a way to calculate targets set from the divergence but im afraid i cant help you there. i let the indicator play out back level or to oversold/overbought levels.
hope this helps
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 20, 2009 10:06am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by raczekfx
ucad
.
|
nice one Rac sir!! clean and simple how it should be!!
jon
i missed the gb/cad break out also!!
__________________
PATIENCE... DISCIPLINE
|

Oct 20, 2009 1:21pm
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by raczekfx
g/cad was good too.
Just finish chatting with a trader friend. That guy on the other side of skype traded u/cad @ $100/ps and is still holding full pos.
I'm jealous, as I'm nowhere near that level.... 
|
 mmmm...i wonder how long its going to take!!??   
hehe
__________________
PATIENCE... DISCIPLINE
|

Oct 20, 2009 1:22pm
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by benji533
WTF!
Today in the morning before going to school I was going to set a buy limit order on the turkiz horizontal line but I didn't want to enter a 5 min trade and then come back only in the evening lol.
damn it could be a supper. School sucks!!!!!
- Trend is up.
- TONS of support.
- Divergence all the way.
|
het Benji533, when you gonna start your own thread man!!?? you this thing licked!  nice charts
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 20, 2009 2:30pm
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by raczekfx
nuh, it was just a fluke...worth 10c/pip.. 
|
if you wasnt a friend i would swear at you!!
lol
EDIT:at least we had the same trend lines!!! heheh
did that aid in your trade?? i.e. the break
another thing i have noticed is that i dont see any stop loss orders??
__________________
PATIENCE... DISCIPLINE
Last edited by g_j_hook@yah, Oct 20, 2009 3:29pm
|

Oct 20, 2009 3:33pm
|
 |
sucker for punishment
|
|
|
|
nice trade mate!! you can cut out the weekend data with oanda if you want. i find it helps keep things in line like my trendlines etc.just thought id mention it. Also could you elaborate why you closed the trade please???
cheers
jon
Quote:
Originally Posted by pizdun
hey boys.
my second trade of october. 2-0 now for about 5%.
such a small target because i went to bed and didnt want to leave my position unprotected.
anywhoo. chart.

|
__________________
PATIENCE... DISCIPLINE
|

Oct 20, 2009 3:43pm
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by FX_Serg
Hey Mike,
Does it make sense in such trades to close the position at *.9 prior to round number and then wait until the actual break of that super round number?
Thanks!
|
i guess that is up to you and your research, but when im targeting round numbers or using them for stops i use the round number +/- 15 plus the spread. hope this helps
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 20, 2009 3:47pm
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by benji533
I Suppose you are kidding...my thread in your dreams 
Thanks buddy 
|
in my dreams no!! your well on your way my friend!! im sure it wont be too long before your teaching us all even more!!
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 20, 2009 4:37pm
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by NosferatuMan
I apologize for my ignorance but how can I do it both on oanda and Mt4?
|
i dont think you can do it on mt4 ?? but with oanda go to the "tool" tab then, user prefs. On the chart tab you will see the option to "hide weekend data" set your times and thats it!!
i have mine set to hide data from 11pm frid till 7pm sunday(euro time)
hope this helps
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 20, 2009 4:59pm
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by NosferatuMan
Sure it helps
Most of the times I use MT4 so if anyone knows how to do it, please advise.
Thanks-
|
i dont think it is possible for mt4 platforms although some dont print the Sunday bar by default. just find yourself an MT4 platform which doesn't, if it bothers you!!??mine doesnt and that is fxpro,
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 20, 2009 4:59pm
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by benji533
Thanks for the kind words Jon.
James16 is our home thread 
|
Amen
__________________
PATIENCE... DISCIPLINE
|

Oct 20, 2009 6:32pm
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by raczekfx
TL was my TP.
I only use MT4 for charting purpose. When I pull the trigger on my platform, I switch to mt4 and place exactly the same trade to have a visual reference. They're usually few pips behind real trade. Sometimes I don't have time to apply stops on mt4, but there always there when I trade. I keep them few pips below/above swings and ppzs.
|
nice one, 
i learn so much from these posts!!
cheers
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 21, 2009 4:42am
|
 |
sucker for punishment
|
|
|
|
update
i just love it when a plan comes together!!
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 21, 2009 5:09am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by NosferatuMan
I'm also in based on the weekly BEOB.
Let's see how can I manage this trade.
|
i hope you do better than i have so far!!lol
yesterday my trade was stopped out by my trailing stop by a couple of pips,(in profit) it is my fault as i didnt want it to come into play and thought i had it well away from price!!(no big deal as i had taken profits by then though. i re entered this morn at .9115 and have since closed half and have my stop at .9080 but i might bring it close if price hits .9000  
jon
__________________
PATIENCE... DISCIPLINE
|

Oct 21, 2009 5:36am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by NosferatuMan
I'm just a beginner demoing. I initially had a big stop so my lotsize is too small.
Just closed half position and moved my stop in a way that if its hit it will be a break even trade. Don't know if this is a good idea but don't want to be stopped prematurely. Anyway, lets see how it goes and then I might adjust my stop.
Comments are welcome.
|
sounds good to me,  at least now you dont have to worry bout it being a loss! i am trying to remind myself that this is a weekly bar and so i dont want to close myself out too quickly.I want price to retrace a bit from this last down move and then i will hide my stop behind the high that makes. i am now in a free trade whatever happens so its all good from now.
jon
good luck
p.s. price has jus hit .9010 which gives me jus over 100 pips in floating profits! not bad for a 25 pip stop 
__________________
PATIENCE... DISCIPLINE
|

Oct 21, 2009 7:33am
|
 |
sucker for punishment
|
|
|
|
Quote:
Originally Posted by NosferatuMan
That's great.
My goal is to detect entries that don't need huge stops, just like you did. In a few weeks/months I probably will (wishful thinking).
Can you post the chart that triggered your entry? Was it H4, H1 based?
Thanks.
|
hi sorry for the delay i have got to answer quickly but if you count back 10 bars on the chart Dale posted that was my entry and it was not j16 related which is why i didnt post at the time.( i cant post charts from oanda right now)
jon
__________________
PATIENCE... DISCIPLINE
|
|