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james16 Chart Thread
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Nov 29, 2009 5:33pm
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Waiting for Price Action
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Quote:
Originally Posted by R Richards
Can you folks tell me if i am looking at this chart right. I am on the daily chart on the cable. It has a nice long pin bar forming. It has retraced to the 50% fib, and the 1.6300 round number. This appears to ba a fairly solid support. This also looks like a swing low. It would look to me to be an A+ trade as i understand you folks.
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One more thing to add here Mr. Richards. I will most likely not trade this but if I did, my first area to watch for trouble is the bar low indicated on my chart. It is also at a round number. I love your charts btw. I could just see in my minds eye Fudd's c aricature speaking through these bubbles. What a training tool! The "Merrie Melodies" chart thread.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Nov 29, 2009 5:42pm
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
I'm going to go ahead and post my intraday winning trade of the day.
inside bar on EUR/USD 4 hr chart with strong confluenced area.
The other 50% of my position is still open...
I usually don't prefer inside bars to make my trades, but this area was so strong that I knew I had to catch something. The inside bar was optimal size so I went for it.
Trade was managed automatically with the j16 manager EA 
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Great trade Dan! I hope that once you start doing this full time you will stick around to teach. I really enjoy your posts and the way that they are put together. We can all learn something here from you bro!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Nov 29, 2009 5:48pm
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Waiting for Price Action
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Quote:
Originally Posted by turnip15
I am looking at 4 hour charts and note pivot levels and s/r levels.
Only a demo so far but my idea is to put ocu orders either side of Pinbars or breakout bars(engo=ulfing bar).
Is this better than jumping straight in?
(In other words to let the price come to me)
Thanks
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Hello Turnip. It looks like you know what you are talking about thus far. I always tell the newer traders that it is better to wait for bar confirmation than to anticipate what is going to happen with price. Go back and look at your charts, you will find many examples where this philosophy would have kept you from lining the professionals pockets. Keep at it Turnip. Be patient. Wait for the right time to get in a trade. It's worth it.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Nov 29, 2009 5:33pm
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Waiting for Price Action
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Quote:
Originally Posted by R Richards
Can you folks tell me if i am looking at this chart right. I am on the daily chart on the cable. It has a nice long pin bar forming. It has retraced to the 50% fib, and the 1.6300 round number. This appears to ba a fairly solid support. This also looks like a swing low. It would look to me to be an A+ trade as i understand you folks.
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One more thing to add here Mr. Richards. I will most likely not trade this but if I did, my first area to watch for trouble is the bar low indicated on my chart. It is also at a round number. I love your charts btw. I could just see in my minds eye Fudd's c aricature speaking through these bubbles. What a training tool! The "Merrie Melodies" chart thread.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Nov 29, 2009 5:42pm
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
I'm going to go ahead and post my intraday winning trade of the day.
inside bar on EUR/USD 4 hr chart with strong confluenced area.
The other 50% of my position is still open...
I usually don't prefer inside bars to make my trades, but this area was so strong that I knew I had to catch something. The inside bar was optimal size so I went for it.
Trade was managed automatically with the j16 manager EA 
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Great trade Dan! I hope that once you start doing this full time you will stick around to teach. I really enjoy your posts and the way that they are put together. We can all learn something here from you bro!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Nov 29, 2009 5:48pm
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Waiting for Price Action
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Quote:
Originally Posted by turnip15
I am looking at 4 hour charts and note pivot levels and s/r levels.
Only a demo so far but my idea is to put ocu orders either side of Pinbars or breakout bars(engo=ulfing bar).
Is this better than jumping straight in?
(In other words to let the price come to me)
Thanks
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Hello Turnip. It looks like you know what you are talking about thus far. I always tell the newer traders that it is better to wait for bar confirmation than to anticipate what is going to happen with price. Go back and look at your charts, you will find many examples where this philosophy would have kept you from lining the professionals pockets. Keep at it Turnip. Be patient. Wait for the right time to get in a trade. It's worth it.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 2, 2009 10:40am
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Waiting for Price Action
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USDJPY
I am long at the break of this 1Hr pin. It is off the trendline printed as well as the 150ema. These usually make for pretty good set-ups. I would like to add that I have spotted interesting divergence off the weekly chart. I have no longer term long bias yet but could be persuaded if we get some solid PA here.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 2, 2009 10:54am
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Waiting for Price Action
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Quote:
Originally Posted by dobe_r_man
Nice entry KissFan......it is also at the 38% fib of that last move up. If you can get above 87.50 and hold I think you are in business.
Nathan
Pip it up......pip it up......oh....yeah....yeah......its only right now......pip it up........pip it up......
Ha ha.......sorry, I couldn't resist!
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Haha! NP Nathan. You are just Keeping It Super Silly!
We need that sometimes bro!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 2, 2009 5:54pm
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Waiting for Price Action
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Quote:
Originally Posted by breakfastbar
Hi Dan,
Great that it's working out for you  I'm just wondering if you based that trade on the pin bar alone. I'm curious because that pin bar is not at a swing high. There's also a bullish pin bar 8 bars back from the pin bar you took as a signal. Did you consider placing a buy at that time? Thanks.
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I will not try to answer for Mr. Dan Gilbert (who btw is impressing the heck outta me)  but I can tell you what I am thinking when I trade a pin in traffic/consolidation like the one that he traded. Many times I develop a bias based on longer TF's. Currently, the longer term PA on this pair is showing bearish signals, just take a look at the monthly chart. I am looking for reasons to short because I feel that I have a better chance of catching a longer run down than up. Simple as that for me. Great question Breakfastbar.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 2, 2009 9:57pm
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Waiting for Price Action
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Quote:
Originally Posted by KissFan
I am long at the break of this 1Hr pin. It is off the trendline printed as well as the 150ema. These usually make for pretty good set-ups. I would like to add that I have spotted interesting divergence off the weekly chart. I have no longer term long bias yet but could be persuaded if we get some solid PA here.
K.I.S.S. 
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I just moved this trade to BE. It's currently up 60 pips. This is one of the first trades that I learned to take waaaaay back when I started learning this stuff. It is a trade straight out of Mr Fudd's playbook.
http://www.james16group.us/Guests/guestmaterial.html (see mbq11's "pinbar introduction" video)
We must be patient enough to wait for them. Not all of them are going to take off like this one. All of these can be managed to reduce the initial risk. You da man Mike!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 2, 2009 10:10pm
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
Well, I made a picture explaining my bias, but I think you will see I learn from people like kissfan based on what I put together in the pic.
I have closed this trade:
I lowered my stop to .7236 after the bullish pin formed at the PPZ around 0.7210. 0.7210 was actually my first target, so when that pin formed, I figured I had to give my trade one last chance to move down by simply moving the stop in a bit tighter. It continued up, leaving me in a bit worse than 1:1 R/R. Fair enough, i think I managed it pretty well.
Here...
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I am most grateful for the effort that you put into your explanations Dan. It seems to me that you have not only a gift for discerning the J16 material but you are equally as talented in the way you illustrate your thought process. Thanks so much again for your time in putting this stuff together. I just cannot help but think that there are many out there reading your stuff and trading better because of it.
You will be blessed I'm certain  .
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 2, 2009 10:21pm
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
This is an extremely good runner so far. I assume you are looking to hold this for a loooong time considering the weekly divergence you posted on the original post?
Also thank you for enjoying my pictures lol.... I find that making those actually help me learn.
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It's really tough for me to hold an hourly chart trade for more than a couple of days at the longest. I'd like to see this one hit the 88.60 area for TP. If UJ gets to that point I will likely close the trade. I see a daily trendline, resistance and a major fib in that area. If I can get back in long after it retraces from there I certainly will. I'll do my best to keep you informed on this one so that we can both learn from the management of this trade.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 2, 2009 10:41pm
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Waiting for Price Action
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Quote:
Originally Posted by magisana
Hello everyone,
I am a novice and have decided to check out this thread as I have been recommened it many times. As I really want to learn Price Action, Support and Resistance I would be gratefull if you could get me up to speed. I have a confession, I just don't have the time to go throught the entire thread, so even if anyone could help point me in the right direction on where to start which posts to refer to for the basic etc... Thanks heaps in advance.
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Hello magisana. A couple of pointers for you sir. Most of us will not "learn" this in a short few months. I am humbled daily when I think of how little I "know". Learning how to trade to the point that I am trading now has taken me no less than a couple of thousand hours over the past two years of reading trading psycology, studying how to plot support and resistance/trendlines/fibs understanding supply and demand, order flow, confluence, "first time back" and finally just spending the time with charts becoming more proficient in seeing how price will likely behave at certain areas. I wish you the best of luck here. "Here" is where you can learn all of the above. My advice is (and you asked  ) is to read the stuff from the most senior posters and skip the others. Once you realize that you have found the real deal, you will not have any problem going back and spending the time to read all of this great information.
Sincerely,
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 2, 2009 10:40am
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Waiting for Price Action
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USDJPY
I am long at the break of this 1Hr pin. It is off the trendline printed as well as the 150ema. These usually make for pretty good set-ups. I would like to add that I have spotted interesting divergence off the weekly chart. I have no longer term long bias yet but could be persuaded if we get some solid PA here.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 2, 2009 10:54am
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Waiting for Price Action
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Quote:
Originally Posted by dobe_r_man
Nice entry KissFan......it is also at the 38% fib of that last move up. If you can get above 87.50 and hold I think you are in business.
Nathan
Pip it up......pip it up......oh....yeah....yeah......its only right now......pip it up........pip it up......
Ha ha.......sorry, I couldn't resist!
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Haha! NP Nathan. You are just Keeping It Super Silly!
We need that sometimes bro!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 2, 2009 5:54pm
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Waiting for Price Action
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Quote:
Originally Posted by breakfastbar
Hi Dan,
Great that it's working out for you  I'm just wondering if you based that trade on the pin bar alone. I'm curious because that pin bar is not at a swing high. There's also a bullish pin bar 8 bars back from the pin bar you took as a signal. Did you consider placing a buy at that time? Thanks.
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I will not try to answer for Mr. Dan Gilbert (who btw is impressing the heck outta me)  but I can tell you what I am thinking when I trade a pin in traffic/consolidation like the one that he traded. Many times I develop a bias based on longer TF's. Currently, the longer term PA on this pair is showing bearish signals, just take a look at the monthly chart. I am looking for reasons to short because I feel that I have a better chance of catching a longer run down than up. Simple as that for me. Great question Breakfastbar.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 2, 2009 9:57pm
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Waiting for Price Action
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Quote:
Originally Posted by KissFan
I am long at the break of this 1Hr pin. It is off the trendline printed as well as the 150ema. These usually make for pretty good set-ups. I would like to add that I have spotted interesting divergence off the weekly chart. I have no longer term long bias yet but could be persuaded if we get some solid PA here.
K.I.S.S. 
|
I just moved this trade to BE. It's currently up 60 pips. This is one of the first trades that I learned to take waaaaay back when I started learning this stuff. It is a trade straight out of Mr Fudd's playbook.
http://www.james16group.us/Guests/guestmaterial.html (see mbq11's "pinbar introduction" video)
We must be patient enough to wait for them. Not all of them are going to take off like this one. All of these can be managed to reduce the initial risk. You da man Mike!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 2, 2009 10:10pm
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
Well, I made a picture explaining my bias, but I think you will see I learn from people like kissfan based on what I put together in the pic.
I have closed this trade:
I lowered my stop to .7236 after the bullish pin formed at the PPZ around 0.7210. 0.7210 was actually my first target, so when that pin formed, I figured I had to give my trade one last chance to move down by simply moving the stop in a bit tighter. It continued up, leaving me in a bit worse than 1:1 R/R. Fair enough, i think I managed it pretty well.
Here...
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I am most grateful for the effort that you put into your explanations Dan. It seems to me that you have not only a gift for discerning the J16 material but you are equally as talented in the way you illustrate your thought process. Thanks so much again for your time in putting this stuff together. I just cannot help but think that there are many out there reading your stuff and trading better because of it.
You will be blessed I'm certain  .
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 2, 2009 10:21pm
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
This is an extremely good runner so far. I assume you are looking to hold this for a loooong time considering the weekly divergence you posted on the original post?
Also thank you for enjoying my pictures lol.... I find that making those actually help me learn.
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It's really tough for me to hold an hourly chart trade for more than a couple of days at the longest. I'd like to see this one hit the 88.60 area for TP. If UJ gets to that point I will likely close the trade. I see a daily trendline, resistance and a major fib in that area. If I can get back in long after it retraces from there I certainly will. I'll do my best to keep you informed on this one so that we can both learn from the management of this trade.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 2, 2009 10:41pm
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Waiting for Price Action
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Quote:
Originally Posted by magisana
Hello everyone,
I am a novice and have decided to check out this thread as I have been recommened it many times. As I really want to learn Price Action, Support and Resistance I would be gratefull if you could get me up to speed. I have a confession, I just don't have the time to go throught the entire thread, so even if anyone could help point me in the right direction on where to start which posts to refer to for the basic etc... Thanks heaps in advance.
|
Hello magisana. A couple of pointers for you sir. Most of us will not "learn" this in a short few months. I am humbled daily when I think of how little I "know". Learning how to trade to the point that I am trading now has taken me no less than a couple of thousand hours over the past two years of reading trading psycology, studying how to plot support and resistance/trendlines/fibs understanding supply and demand, order flow, confluence, "first time back" and finally just spending the time with charts becoming more proficient in seeing how price will likely behave at certain areas. I wish you the best of luck here. "Here" is where you can learn all of the above. My advice is (and you asked  ) is to read the stuff from the most senior posters and skip the others. Once you realize that you have found the real deal, you will not have any problem going back and spending the time to read all of this great information.
Sincerely,
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 3, 2009 12:56pm
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Waiting for Price Action
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Quote:
Originally Posted by dobe_r_man
Usd/Jpy
Sometimes things just happen and you wonder if the gods of forex want to help you sometimes to make up for the trading accounts you have mangled in the past. Mangled is putting it nicely......  .......I am ashamed at some of the risk I took years ago with my capital.
I was up with one of my kids (who was sick) and had noticed earlier that night the Usd/Jpy was breaking into higher territory after the daily close.
I brought up the charts for the heck of it saw a double inside bar on the 4 hour chart. I entered a limit order...
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I will likely close at the 88.60 area. The high so far just didnt quite get there.
Waiting....
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 3, 2009 4:08pm
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
I have been watching your trade on UJ, and am wondering, would you consider it overly cautious if someone in this trade would have moved the S/L up to the 87.60 area right now? I am not in this trade, but IF I was, my S/L would be @ 87.60 undoubtedly by now. Possibly even up to 88.00 after the little stall here. I just find myself moving stops tighter and tighter because if you don't, you could very easily end up in a break even trade A LOT. I made the mistake of not manually trailing on the NZDUSD weekly break, and I came out at break even, when...
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This all depends. Lovely response huh?  I will tell you that on this trade I have one exit strategy. On other trades I have another. Before I go further, I want you to know that what I am about to explain to you is not my own original thought process. The fine folks here on the thread have made these observations/suggestions/recommendations necessary for me to backtest and become comfortable utilizing this trade management method. Again I thank them all for their help and give them all the credit. On this trade, I am attempting to catch the whole initial move as I can see on my daily chart. I used the hourly for entry but could find confluence that was convincing on the daily for exit. Once I get to this point (88.60) area I will likely close. I am "monitoring" this trade on the hourly TF. If I get a consolidation of price I set a line alert just on the top of the last resistance turned support or consolidation (sideways movement). My SL is still at BE. If I get an alert that price gets to this point, I will watch for pa on even lower TF's to see if it looks like we are going lower. This is all moot if I get three consecutive bars printed on the hourly TF between now and then that leave a lower low. Take a look back at this trade on the hourly. There have not been 3 bars yet printed with consecutive lower lows or I would likely be out of this trade. I also try to allow the trade to get to about 60 pips before i move my SL to BE.
I have some shorter term trades for 15-20 pip profit that I trade of trendlines. Obviously they have smaller SL's and are usually are over in an hours time period.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 3, 2009 4:37pm
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Waiting for Price Action
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NZDUSD 1HR
Hey Dan. Is this something that you would have traded short. Like you I have a short bias on this pair and am looking for short opportunities. I missed that sweet pin at that swing high so i though that I could possibly get in at a 50-61.8 retrace. Confluence--With the help of that old trendline I plotted a while back (stealing this idea from you) the 365 and the available major fibs I risked 15 pips to be up 40 so far. I'm going to try to see if this one will run a while. The dollar is starting to grow some hair on it's chest. This was a RARE touch trade for me. Entry was .7257 and SL is still at .7272. A line alerter is at BE.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 3, 2009 6:09pm
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Waiting for Price Action
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Quote:
Originally Posted by pipmyride
Any thoughts on this one, i like the location, if it closes a tad lower it'll be a nice form, but following last 2 candles im not so sure + the fact that its NFI day 
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The best I can say is just watch on lower Tf's for a short. Who knows? Price might just break down 130ish pips from the break. In a perfect world though, I'd much prefer the scenario where we hit 148 and reverse off the daily trend line or better yet 150 and reverse to form a pin that closes just under the trendline  .
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 3, 2009 6:16pm
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Waiting for Price Action
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[quote=Dan Gilbert;3280126]...I'm a little lost on that yellow trendline you have drawn on your chart where you decided to place the touch trade... /quote]
Here you go Dan!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 3, 2009 8:21pm
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Waiting for Price Action
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Did anyone else who is NOT using IBFX get a gap down on their yen crosses?
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 3, 2009 8:57pm
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Waiting for Price Action
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I'm the same. Thx guys. Oanda-No Gap. IBFX-Gap.
K.I.S.S.
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 3, 2009 11:21pm
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Waiting for Price Action
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AUDUSD
How I see AUDUSD.
Daily Chart-Short Bias because of double top indicated. Daily Pin Bar also. This pin would not be a reason alone to take this trade because it does not have a long enough nose.
One Hr Chart- The one hr trend line intersects at the 50 and 61.8 fib in the .9250 area. For entry I will set a sell limit at .9248. The daily pin has broken but I believe that it will retrace back close to the intersection of the trendline and the major fib levels. I would like to short this pair but on my terms and believe that this will reduce my overall risk. Stop set just above the pin nose.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 3, 2009 12:56pm
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Waiting for Price Action
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Quote:
Originally Posted by dobe_r_man
Usd/Jpy
Sometimes things just happen and you wonder if the gods of forex want to help you sometimes to make up for the trading accounts you have mangled in the past. Mangled is putting it nicely......  .......I am ashamed at some of the risk I took years ago with my capital.
I was up with one of my kids (who was sick) and had noticed earlier that night the Usd/Jpy was breaking into higher territory after the daily close.
I brought up the charts for the heck of it saw a double inside bar on the 4 hour chart. I entered a limit order...
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I will likely close at the 88.60 area. The high so far just didnt quite get there.
Waiting....
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 3, 2009 4:08pm
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
I have been watching your trade on UJ, and am wondering, would you consider it overly cautious if someone in this trade would have moved the S/L up to the 87.60 area right now? I am not in this trade, but IF I was, my S/L would be @ 87.60 undoubtedly by now. Possibly even up to 88.00 after the little stall here. I just find myself moving stops tighter and tighter because if you don't, you could very easily end up in a break even trade A LOT. I made the mistake of not manually trailing on the NZDUSD weekly break, and I came out at break even, when...
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This all depends. Lovely response huh?  I will tell you that on this trade I have one exit strategy. On other trades I have another. Before I go further, I want you to know that what I am about to explain to you is not my own original thought process. The fine folks here on the thread have made these observations/suggestions/recommendations necessary for me to backtest and become comfortable utilizing this trade management method. Again I thank them all for their help and give them all the credit. On this trade, I am attempting to catch the whole initial move as I can see on my daily chart. I used the hourly for entry but could find confluence that was convincing on the daily for exit. Once I get to this point (88.60) area I will likely close. I am "monitoring" this trade on the hourly TF. If I get a consolidation of price I set a line alert just on the top of the last resistance turned support or consolidation (sideways movement). My SL is still at BE. If I get an alert that price gets to this point, I will watch for pa on even lower TF's to see if it looks like we are going lower. This is all moot if I get three consecutive bars printed on the hourly TF between now and then that leave a lower low. Take a look back at this trade on the hourly. There have not been 3 bars yet printed with consecutive lower lows or I would likely be out of this trade. I also try to allow the trade to get to about 60 pips before i move my SL to BE.
I have some shorter term trades for 15-20 pip profit that I trade of trendlines. Obviously they have smaller SL's and are usually are over in an hours time period.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 3, 2009 4:37pm
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Waiting for Price Action
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NZDUSD 1HR
Hey Dan. Is this something that you would have traded short. Like you I have a short bias on this pair and am looking for short opportunities. I missed that sweet pin at that swing high so i though that I could possibly get in at a 50-61.8 retrace. Confluence--With the help of that old trendline I plotted a while back (stealing this idea from you) the 365 and the available major fibs I risked 15 pips to be up 40 so far. I'm going to try to see if this one will run a while. The dollar is starting to grow some hair on it's chest. This was a RARE touch trade for me. Entry was .7257 and SL is still at .7272. A line alerter is at BE.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 4, 2009 4:28am
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Waiting for Price Action
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Quote:
Originally Posted by Jlr
Stupid question, if you guys don't mind answering. What happends if I am in a play and the spread widens drastically? Does this effect me in any way? Never had a position open during nfp, and a bit scared.
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It shouldn't. My broker charges the spread only on entry as most brokers. Unless there is something I'm not aware of you should be fine.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 4, 2009 8:49am
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Waiting for Price Action
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Quote:
Originally Posted by KissFan
I am long at the break of this 1Hr pin. It is off the trendline printed as well as the 150ema. These usually make for pretty good set-ups. I would like to add that I have spotted interesting divergence off the weekly chart. I have no longer term long bias yet but could be persuaded if we get some solid PA here.
K.I.S.S. 
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Entry Price 87.25. Trade closed at 89.37. It would be nice to get back in long on a retrace. I'll post again if I do.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 4, 2009 9:22am
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Waiting for Price Action
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Quote:
Originally Posted by icarusfx
very nice kissfan!
have a good weekend all
regards
ic
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Back at cha Icarusfx! It will be a good weekend for me bro! I get to see "the hottest band in the world"  .
K.I.I.I.I.I.I.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 3, 2009 6:09pm
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Waiting for Price Action
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Quote:
Originally Posted by pipmyride
Any thoughts on this one, i like the location, if it closes a tad lower it'll be a nice form, but following last 2 candles im not so sure + the fact that its NFI day 
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The best I can say is just watch on lower Tf's for a short. Who knows? Price might just break down 130ish pips from the break. In a perfect world though, I'd much prefer the scenario where we hit 148 and reverse off the daily trend line or better yet 150 and reverse to form a pin that closes just under the trendline  .
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 3, 2009 6:16pm
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Waiting for Price Action
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[quote=Dan Gilbert;3280126]...I'm a little lost on that yellow trendline you have drawn on your chart where you decided to place the touch trade... /quote]
Here you go Dan!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 3, 2009 8:21pm
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Waiting for Price Action
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Did anyone else who is NOT using IBFX get a gap down on their yen crosses?
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 3, 2009 8:57pm
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Waiting for Price Action
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I'm the same. Thx guys. Oanda-No Gap. IBFX-Gap.
K.I.S.S.
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 4, 2009 12:37pm
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
hmmmm.... Nice trade, is the stop I show here the area you placed yours?
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Thx Dan. Yeah I didn't come very close to be stopped out. I had my stop in that 9307 area just at the top of that pin. Remember, I didn't take the pin on its own merits, it was a crappy one. I'm at BE now. I hope that this one and the NZDUSD trade I have going will run along for a while. You never "KNOW". I also would like to see some reversal signs soon on GJ. I'll post something Sunday night on that one.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 4, 2009 12:41pm
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Waiting for Price Action
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Sho Nuff Bemac. Right at 60 miles from my front door to downtown Houston. Good to hear from you! Have a great weekend!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 4, 2009 12:42pm
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Waiting for Price Action
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Quote:
Originally Posted by Concept
Well my tight stop did not get taken out, still in the trade and up 53 pips now. Got stop to break even and I am going to let it ride. It is at a 2nd trouble zone now and hoping that it gets through that soon enough.
I consider myself lucky on this trade. I don't think I would take this trade again as I stated in my earlier post, just too much noise where I entered with no head room. Thankful that it worked out, but it was more luck than skill.
Edit: I locked in 50 pips of profit.
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 . Now let's try to let it ride a while!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 3, 2009 11:21pm
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Waiting for Price Action
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AUDUSD
How I see AUDUSD.
Daily Chart-Short Bias because of double top indicated. Daily Pin Bar also. This pin would not be a reason alone to take this trade because it does not have a long enough nose.
One Hr Chart- The one hr trend line intersects at the 50 and 61.8 fib in the .9250 area. For entry I will set a sell limit at .9248. The daily pin has broken but I believe that it will retrace back close to the intersection of the trendline and the major fib levels. I would like to short this pair but on my terms and believe that this will reduce my overall risk. Stop set just above the pin nose.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 4, 2009 12:51pm
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Waiting for Price Action
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Quote:
Originally Posted by raczekfx
It's been a while...
So many Good people are gone since this thread was caged in commercial FF.
you know... good things happen when you're absent from the forums for a few days......
... and all that talk about nfp...  .
Who cares about one minute event..
Think about it good fellas before you plan your next trade..... 
.
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Excellent point Rac! I have never thought of it that way. Granted I try to keep my creative juices in check and just trade what I've learned. My goal for learning this stuff was to make my account grow with very small risk vs. reward. That's happening now and I am forever grateful. I've gotta add something kind of funny. I do actually have a financial advisor and he's a good guy. He has been up my butt for the past 5 yrs because I wouldn't invest any money with him. I only buy insurance from him. Last week I SHOWED him why I wanted to do this on my own without the help of a "professional".....he is now studying babypips.com and reading this thread. I'm not puffing out my chest or anything like that, it's just cool to see someone's eyes opened. My eyes have been opened by so many who used to post here. I hope they know how much I appreciate them.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 4, 2009 4:28am
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Waiting for Price Action
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Quote:
Originally Posted by Jlr
Stupid question, if you guys don't mind answering. What happends if I am in a play and the spread widens drastically? Does this effect me in any way? Never had a position open during nfp, and a bit scared.
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It shouldn't. My broker charges the spread only on entry as most brokers. Unless there is something I'm not aware of you should be fine.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 4, 2009 3:50pm
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Waiting for Price Action
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Quote:
Originally Posted by StoragePro
they call me dr love !!!!!!
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Haha! They have called me worse!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 4, 2009 8:49am
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Waiting for Price Action
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Quote:
Originally Posted by KissFan
I am long at the break of this 1Hr pin. It is off the trendline printed as well as the 150ema. These usually make for pretty good set-ups. I would like to add that I have spotted interesting divergence off the weekly chart. I have no longer term long bias yet but could be persuaded if we get some solid PA here.
K.I.S.S. 
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Entry Price 87.25. Trade closed at 89.37. It would be nice to get back in long on a retrace. I'll post again if I do.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 4, 2009 9:22am
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Waiting for Price Action
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Quote:
Originally Posted by icarusfx
very nice kissfan!
have a good weekend all
regards
ic
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Back at cha Icarusfx! It will be a good weekend for me bro! I get to see "the hottest band in the world"  .
K.I.I.I.I.I.I.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 5, 2009 3:52pm
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Waiting for Price Action
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Quote:
Originally Posted by supremeChaos
which of the bikes will/did u use?
very nice Kiss, u are passing it along!

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I'll be using my wife's Yukon XL.  We are taking some friends. Have a good weekend SC!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 4, 2009 12:37pm
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
hmmmm.... Nice trade, is the stop I show here the area you placed yours?
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Thx Dan. Yeah I didn't come very close to be stopped out. I had my stop in that 9307 area just at the top of that pin. Remember, I didn't take the pin on its own merits, it was a crappy one. I'm at BE now. I hope that this one and the NZDUSD trade I have going will run along for a while. You never "KNOW". I also would like to see some reversal signs soon on GJ. I'll post something Sunday night on that one.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 4, 2009 12:41pm
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Waiting for Price Action
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Sho Nuff Bemac. Right at 60 miles from my front door to downtown Houston. Good to hear from you! Have a great weekend!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 4, 2009 12:42pm
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Waiting for Price Action
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Quote:
Originally Posted by Concept
Well my tight stop did not get taken out, still in the trade and up 53 pips now. Got stop to break even and I am going to let it ride. It is at a 2nd trouble zone now and hoping that it gets through that soon enough.
I consider myself lucky on this trade. I don't think I would take this trade again as I stated in my earlier post, just too much noise where I entered with no head room. Thankful that it worked out, but it was more luck than skill.
Edit: I locked in 50 pips of profit.
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 . Now let's try to let it ride a while!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 4, 2009 12:51pm
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Waiting for Price Action
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Quote:
Originally Posted by raczekfx
It's been a while...
So many Good people are gone since this thread was caged in commercial FF.
you know... good things happen when you're absent from the forums for a few days......
... and all that talk about nfp...  .
Who cares about one minute event..
Think about it good fellas before you plan your next trade..... 
.
|
Excellent point Rac! I have never thought of it that way. Granted I try to keep my creative juices in check and just trade what I've learned. My goal for learning this stuff was to make my account grow with very small risk vs. reward. That's happening now and I am forever grateful. I've gotta add something kind of funny. I do actually have a financial advisor and he's a good guy. He has been up my butt for the past 5 yrs because I wouldn't invest any money with him. I only buy insurance from him. Last week I SHOWED him why I wanted to do this on my own without the help of a "professional".....he is now studying babypips.com and reading this thread. I'm not puffing out my chest or anything like that, it's just cool to see someone's eyes opened. My eyes have been opened by so many who used to post here. I hope they know how much I appreciate them.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 4, 2009 3:50pm
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Waiting for Price Action
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Quote:
Originally Posted by StoragePro
they call me dr love !!!!!!
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Haha! They have called me worse!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 5, 2009 3:52pm
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Waiting for Price Action
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Quote:
Originally Posted by supremeChaos
which of the bikes will/did u use?
very nice Kiss, u are passing it along!

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I'll be using my wife's Yukon XL.  We are taking some friends. Have a good weekend SC!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 7, 2009 9:37pm
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Waiting for Price Action
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Quote:
Originally Posted by dengzhi
no1 scoping today's gold daily pinbar?
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This is a cut and dried "no long trade" for me Dengzhi. I just posted this daily gold chart for you to look at. The bad news for you is that I don't have Mr Gilbert's gift for posting cool looking illustrative charts. I digress. It is very possible that we have seen all that we will see from this pin. Because it has broken, it is a genuine pin bar and we cannot call it a failure. However, we have already pulled back from the first bar low (see chart) that we have encountered. Next stop if we continue long is likely the 1173 area PPZ. I am betting that if it gets there, we could be done moving up and it's all downhill from there. Other things I take into consideration are 1)the range of this bar relative to the previous one. This bar is roughly half the range of the previous bearish bar. 2) My weekly chart gives me bearish bias and 3) this yellow trendline could act as resistance as well. I hope that this helps you.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 8, 2009 7:00am
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Waiting for Price Action
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I hope I'm not too early. I'm the guy who's always preaching about bar confirmation. Just woke up to see that my order was executed at 88.54. There was just too much confluence here to ignore and now it looks like we might print a nice little pin off this level. Let's see if this one will run for a couple of days.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
Last edited by KissFan, Dec 8, 2009 7:21am
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Dec 8, 2009 7:30am
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Waiting for Price Action
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Quote:
Originally Posted by triger88990
hey kisfan hope you are short, I haven't distingue what it's on your chart.
this is more conservative way, your approauch, waithing for bar confirmation it gives you the confidence that you are right,and you can pull the trigger.I for example like to be more aggressive trader, but when I see a good PA be sure that I will be all over it.
wish you the best!!
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Hello Trigger. I am a buyer here. I am sorry that I did not make that clear. I certainly should have. This is definatly not a PA trade it is a confluence trade as I believe that we have sufficiently retraced from the high to get back in long. There is the confluence of support at the 88.60 area, divergence and the 150/365 ema's. Therefore my buy order with a reasonable stop. Are you short here? Can you show me why? Thank you!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 8, 2009 7:53am
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Waiting for Price Action
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Quote:
Originally Posted by NosferatuMan
Sorry to jump in your conversation but I'm also short since 88.90 (break south on daily IB).
Nos
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Good trade so far. It's all good! Best of luck to you.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 8, 2009 8:09am
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Waiting for Price Action
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Quote:
Originally Posted by triger88990
man you make me to lose a little bit from my confidence in this trade
knowing that you are long,I was worried about my trade
I was in this trade because some fundamentals and expected that yen to recover from his lose,and after saw that it faild to go much higher than 90.61 I expected to see yen stronger, and my enter was a little bit late(not enough margin to put on it)usully in this kind of trade I'm much earlier
enter on break of ib over the daily chart.
hope that make sens!
wish you the best
ps: I'm short on others yen crosses much...
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Please do not let me influence your trade. I am just posting my POV. It does not invalidate yours. I am wrong often but my MM keeps me profitable. I have always thought of this forum as a place to learn and share ideas, not as a place to prove anything. Best regards to you trigger.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 7, 2009 9:37pm
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Waiting for Price Action
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Quote:
Originally Posted by dengzhi
no1 scoping today's gold daily pinbar?
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This is a cut and dried "no long trade" for me Dengzhi. I just posted this daily gold chart for you to look at. The bad news for you is that I don't have Mr Gilbert's gift for posting cool looking illustrative charts. I digress. It is very possible that we have seen all that we will see from this pin. Because it has broken, it is a genuine pin bar and we cannot call it a failure. However, we have already pulled back from the first bar low (see chart) that we have encountered. Next stop if we continue long is likely the 1173 area PPZ. I am betting that if it gets there, we could be done moving up and it's all downhill from there. Other things I take into consideration are 1)the range of this bar relative to the previous one. This bar is roughly half the range of the previous bearish bar. 2) My weekly chart gives me bearish bias and 3) this yellow trendline could act as resistance as well. I hope that this helps you.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 8, 2009 7:00am
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Waiting for Price Action
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I hope I'm not too early. I'm the guy who's always preaching about bar confirmation. Just woke up to see that my order was executed at 88.54. There was just too much confluence here to ignore and now it looks like we might print a nice little pin off this level. Let's see if this one will run for a couple of days.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
Last edited by KissFan, Dec 8, 2009 7:21am
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Dec 8, 2009 7:30am
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Waiting for Price Action
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Quote:
Originally Posted by triger88990
hey kisfan hope you are short, I haven't distingue what it's on your chart.
this is more conservative way, your approauch, waithing for bar confirmation it gives you the confidence that you are right,and you can pull the trigger.I for example like to be more aggressive trader, but when I see a good PA be sure that I will be all over it.
wish you the best!!
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Hello Trigger. I am a buyer here. I am sorry that I did not make that clear. I certainly should have. This is definatly not a PA trade it is a confluence trade as I believe that we have sufficiently retraced from the high to get back in long. There is the confluence of support at the 88.60 area, divergence and the 150/365 ema's. Therefore my buy order with a reasonable stop. Are you short here? Can you show me why? Thank you!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 8, 2009 7:53am
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Waiting for Price Action
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Quote:
Originally Posted by NosferatuMan
Sorry to jump in your conversation but I'm also short since 88.90 (break south on daily IB).
Nos
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Good trade so far. It's all good! Best of luck to you.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 8, 2009 8:09am
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Waiting for Price Action
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Quote:
Originally Posted by triger88990
man you make me to lose a little bit from my confidence in this trade
knowing that you are long,I was worried about my trade
I was in this trade because some fundamentals and expected that yen to recover from his lose,and after saw that it faild to go much higher than 90.61 I expected to see yen stronger, and my enter was a little bit late(not enough margin to put on it)usully in this kind of trade I'm much earlier
enter on break of ib over the daily chart.
hope that make sens!
wish you the best
ps: I'm short on others yen crosses much...
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Please do not let me influence your trade. I am just posting my POV. It does not invalidate yours. I am wrong often but my MM keeps me profitable. I have always thought of this forum as a place to learn and share ideas, not as a place to prove anything. Best regards to you trigger.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 9, 2009 9:07am
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Waiting for Price Action
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Quote:
Originally Posted by MattW
I feel sorry for you Triger as you've come in for some flak but I think the reason is your statements embody what we so often see beginners say and, perhaps over-eagerly, want to try and correct bad behaviour before it becomes ingrained.
The worry is that you're learning bad habits, risk management and money management on your test account and once you move to your 'live' account you will have to unlearn these traits. What we're trying to advise is to try and take the same risk you would on your live account, that way you're learning 'correct'...
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I'll second this and would like to add that James has spoken of this very thing. I don't want you to feel bad about your returns Trigger just keep them in perspective. You have real friends here and those friends will say what needs to be said. You are spot on in your enthusiasm for this business. You and I could be blood brothers in that regard. I also believe that most of us here are consumate optimists when it comes to our outlook on what is possible for our futures. I don't know how much money you are dealing with but rest assured you will get more conservative as you grow your account. Your emotions will need to be trained during this process just as your intellect is being honed. A great day/week/month trading should not move your emotions and attitude to a swing high and vice versa for negative returns. A steady and consistant approach using what you have learned here will get you where you desire to be trust me. Without a doubt you are doing well and I commend you for that. I personally appreciate your charts and perspective. I believe that you have a bright future in trading.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 9, 2009 10:20am
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
here is the close-out of this trade. Unfortunately, the first half of my position did not close at the 142.030 level last night because while I was sleeping, the %^&#@ $#!^ windows vista decided to "install updates" and go ahead and shutdown my computer for me! how convenient! My j16 EA could not run then. so I woke up to a breakeven trade which should have played out the way I show in my pic below. *siiiiiiiigh*
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Dan-
I'm gonna PM you this afternoon. What time zone are you in?
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 9, 2009 9:07am
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Waiting for Price Action
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Quote:
Originally Posted by MattW
I feel sorry for you Triger as you've come in for some flak but I think the reason is your statements embody what we so often see beginners say and, perhaps over-eagerly, want to try and correct bad behaviour before it becomes ingrained.
The worry is that you're learning bad habits, risk management and money management on your test account and once you move to your 'live' account you will have to unlearn these traits. What we're trying to advise is to try and take the same risk you would on your live account, that way you're learning 'correct'...
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I'll second this and would like to add that James has spoken of this very thing. I don't want you to feel bad about your returns Trigger just keep them in perspective. You have real friends here and those friends will say what needs to be said. You are spot on in your enthusiasm for this business. You and I could be blood brothers in that regard. I also believe that most of us here are consumate optimists when it comes to our outlook on what is possible for our futures. I don't know how much money you are dealing with but rest assured you will get more conservative as you grow your account. Your emotions will need to be trained during this process just as your intellect is being honed. A great day/week/month trading should not move your emotions and attitude to a swing high and vice versa for negative returns. A steady and consistant approach using what you have learned here will get you where you desire to be trust me. Without a doubt you are doing well and I commend you for that. I personally appreciate your charts and perspective. I believe that you have a bright future in trading.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 9, 2009 9:41pm
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Waiting for Price Action
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Here is the folder with the line alerter Dan. Works on MT4. It is the top two indicators.
Hope it helps you out!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 9, 2009 10:20am
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
here is the close-out of this trade. Unfortunately, the first half of my position did not close at the 142.030 level last night because while I was sleeping, the %^&#@ $#!^ windows vista decided to "install updates" and go ahead and shutdown my computer for me! how convenient! My j16 EA could not run then. so I woke up to a breakeven trade which should have played out the way I show in my pic below. *siiiiiiiigh*
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Dan-
I'm gonna PM you this afternoon. What time zone are you in?
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 9, 2009 9:41pm
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Waiting for Price Action
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Here is the folder with the line alerter Dan. Works on MT4. It is the top two indicators.
Hope it helps you out!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 10, 2009 9:10pm
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
Anyone giving bullish or bearish bias on these????
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I think that we will see that 1.4630 area PPZ one more time. That's been my TP target for a while. I'm going to bed.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 10, 2009 9:10pm
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
Anyone giving bullish or bearish bias on these????
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I think that we will see that 1.4630 area PPZ one more time. That's been my TP target for a while. I'm going to bed.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 14, 2009 11:13am
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Waiting for Price Action
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I want to short this Pin. We have a trend trade with divergence and up against a PPZ and major Fib level. I just can't do it. Last night I banked some really nice $$$ on lower TF's and I just don't feel like losing it. I'll watch it play out short most likely but that freakin nose just bothers me to the point where I will pass. I have three different feeds and none of them scream at me to short here. Best of luck to all that short here. If I had to trade this I'd be short but I'll wait for the next opportunity.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 14, 2009 5:11pm
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Waiting for Price Action
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Silver
Show me some PA here. I'd like to sell you some silver.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 16, 2009 12:04pm
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Waiting for Price Action
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GBPCHF
O give me a daily pin!
That agrees with tha trend!
Hope I got a runner here. SL at the top of the BEOB. BEOB off 1.70. Short 1.6970.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 16, 2009 12:34pm
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
you can get in on the 1hr BEOB, right?
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I did get in on the BEOB indicated on my chart and am up just slightly as of this post.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 16, 2009 12:36pm
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Waiting for Price Action
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Quote:
Originally Posted by mbqb11
Nice kiss!
I had a pending order here as well but it expired after the hour didn't break the low as per my rules
Hope you catch a nice runner.
Mike
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Thanks Mike. If this ends up a daily pin waddya think? Are we gonna be ridin' the same train?
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 16, 2009 5:46pm
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Waiting for Price Action
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Quote:
Originally Posted by james16
simple yet profound. trust me when i tell you that there can be a day when your looking at a chart and you would bet your mamas life you know whats going to happen.
it takes more chart time than most people are willing to give but its true.
how long you ask?
years.
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I hope that none of this sounds too corny but YEAH it's just like anything else you do. I happen to ride a dirt bike through the woods at a very brisk pace. Trees don't forgive you when you hit them at 35 mph. Hit one at this speed and you will know what that metal ball feels like in a pinball machine. When I first started riding a few years back, I remember thinking that the guys who could move like ghosts through the forests (sometimes 50 plus mph) had some special talent. Maybe they do but they all had to start somewhere. Without any exceptions, the ones that make the challenge look easy have been riding for years. Those that I ride with will tell me of their mistakes, what they have learned and of course their accomplishments. I use their information to give me the mental preparation for what I am about to experience myself. Just like trading, riding can be a compelling venture. I do believe that the stakes can be equally as sobering. Everyone eventually wrecks, some get back on, some don't and unfortunately some can't. In order to get the most out of my experience I will need to improve. The only way I can improve my riding is to have time on the seat. My riding mentors go by the names "pops", "gramps", Randy, Burl, Dan and so on. The only way I can improve my trading is to have time on the chart. My trading mentors go by the names "Fudd", "James16", "Rac", "Mike W" and so on. I wouldn't do any of this without their help and advice.
I have read about poor souls trading that lose a HEAP of money because they refused to respect what this market can do to their account in a VERY short time. I guess that it will always just floor me to hear/read these posts on the active threads about someone being down very substantailly in their first few days of trading with large money. They saw/heard of someone making big money in the market and just jumped in as soon as they mastered the buy/sell pull down menu on the broker platform.
If anyone reading this wants proof as to how much time it takes to learn how to read S/R and PA when you have a family and a full time job, just go to page 1 of "KISSFan's Trading Journal" and read the first 30 posts by me. The first thing that comes to mind when I read my old material is that I didn't know enough to know even where to start. The second thing is that I didn't have the proper mindset. Both are most critical. I wasn't even trying to learn PA at that time when I first started posting and it is only by the grace of God that I didn't blow up my acct.
Take your time learning this material. You have time, I assure you. A major mistake early on can keep you from enjoying the ride that you have yet to experience.
Keep It Safe Students!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 16, 2009 7:09pm
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Waiting for Price Action
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Quote:
Originally Posted by Bemac
Yeah. Thanks for that but where will the OMG/WTF be next week...
Seriously; I'm almost 60 years old (57) & I placed my first trade more than 30 years ago. Before some of you were born.
The Absolute Toughest lesson was not about H/S or S/R or TL...
It was about ME getting to grips with understanding that I may be wrong on occasion. Then it was about how to minimize my losses. After that I got some semblence of how to Milk a good Trade. I wonder what I will learn next...
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Yes Sir Mr Bemac! I agree completely with you and I missed that very important point in my monologue. That new experience is always lurking just around the corner. We will never be able to learn it all will we?
K.I.S.S.
57? That's not THAT old. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 16, 2009 9:53pm
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Waiting for Price Action
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Quote:
Originally Posted by TiaForex
You and I are riding the same train already Roger. 1H BEOB at a big round, 4H pin and the daily 150 almost to the pip. Seems to be some anti pound action building up finally.
I shorted GU too early and paid for it today but now there's a beauty of a bearish outside bar off the 1H 150 that is playing out nicely.
And the GBPAUD 4H pinbar with hidden divergence at a double top that printed 45 minutes ago was another beauty.
Of course three trades is a huge exposure to one currency especially with FOMC coming so I hugely scaled back my position...
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Hey Aaron! The theme of the day seems to be "chart time" and there you are! I'm still in GU and GBPCHF short but I'm watching closely. I just keep getting a sense that GU especially is headed on down and soon. Maybe it's just the weakness on EU that has me biased. GBPAUD is not one that I can trade with my broker so I don't watch it. Many neat looking bars at good places today but no real runners yet. I could have had 40 pips easy now twice on GBPCHF and at least once already on GU. I'm still open for business as of now on both and as I type this we are testing 1.70 again on GBPCHF. I'm off to the excercise bike before I call it a day. Best of luck to you and I wish you a very special and fulfilling Christmas.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 16, 2009 10:11pm
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Waiting for Price Action
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Quote:
Originally Posted by wh1zz0
Great post IMHO.
For me, one thing I love about trading is that it teaches the human being a lot of hard facts as many analogies and concepts of life are seriously related to trading. I'm basically not the same person I was about 3 years back.
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You will learn much about yourself here.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 16, 2009 10:26pm
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Waiting for Price Action
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Quote:
Originally Posted by Cyrus
Heya KISS.
Man, this hit home. I started out years back knowing jack all with zero guidance and made some really dumb (noob)^10 mistakes.
It's only been the past few days that I've realised that I've been taking getting this right too seriously, and that enjoyment is an integral element of the learning curve.
How are we gonna play a game for life if we ain't gonna enjoy it? 
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I have a friend who attempted suicide back in 1984 when he was just 17. A perfectly healthy lad who had his whole life ahead of him. He came to terms with his future a few years ago. He has been a quadriplegic since his mistake. He will not be with us much longer as his health is starting to deteriorate quickly now. This all started over a girl he "loved". It seems stupid now doesn't it. I guess that at least he fell in love with something (someone) who was at least capable of loving him back even though she didn't. We all love being right. Being right can't give us love in return. Don't fall in love with your trades or being right. Look for satisfaction that you could follow your plan and improve your skills with each passing day.
K.I.S.S.
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 17, 2009 6:43am
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Waiting for Price Action
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Quote:
Originally Posted by KissFan
O give me a daily pin!
That agrees with tha trend!
Hope I got a runner here. SL at the top of the BEOB. BEOB off 1.70. Short 1.6970.
K.I.S.S. 
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Moved to BE.
K.I.S.S.
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 17, 2009 7:53am
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Waiting for Price Action
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Quote:
Originally Posted by TiaForex
Unfortunately I got shaken out of that one (my stop was too tight on the nose of the bar). One of those days when I was glad my risk was reduced. It was also one of those days when most things I planned for didn't work, or stopped me out then went on to work. It's like Paul Tudor Jones says, and Bemac echoed yesterday.... I will be wrong. A lot. They key is a system that allows me to be wrong a lot and still be profitable. Which is, thanks to the J16 posse, what I have. I never like to be wrong, but learning to be okay with being wrong is a key...
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Most of the time I'd be out as well. I didn't sleep until things turned around but I was very close to getting out for a loss larger than I have taken in a long time. What kept me in was that I had been given a gift by GU whipsawing over the past couple of days and giving me some little shorts that added up enough where I could take the loss and still end up with a tiny profit for the week. That may or may not be the right way to look at it but I'm just being honest. It still remains to be seen how much profit this will produce. There is certainly nothing wrong with being conservative. I'll certainly be going through some more behavior modification if/when I experience a drawdown on my account that is tough to swallow.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 17, 2009 9:44am
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Waiting for Price Action
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Quote:
Originally Posted by dobe_r_man
I am curious if any other live traders go through these emotions. Psychology in my opinion is what pushed me into profitable trading in the first place from break-even.
It is a battle I face everyday, though the longer I do it the more it becomes natural and almost a habit. Despite all the pundits regarding TA and support/resistance, I believe charts simply show the emotions of the traders reflected in price action. It is not a science, never will be and simply takes time at the charts. Jim mentioned years of watching charts and then getting...
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You will get those drawdowns. Maybe you are just preparing yourself for the inevitable. I do. I know its gonna happen but I dont "expect" it. I take every trade with good reason. My reasoning my be flawed from time to time and after a trade palys out, I'll look to see if I should have changed anything. Many times there was just a failure of a price movement to where I expected. Just as a losing trade may help me improve my skills, my winners can teach me that I left money in the market. I just accept as fact that in any business I have ever owned that there will be more profitable sales, contracts or agreements. There will also be those inevitable times that we make no money or evev lose some. No different in this business.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 17, 2009 9:59am
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Waiting for Price Action
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Silver sell off in 2 min?
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 17, 2009 10:03am
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Waiting for Price Action
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Quote:
Originally Posted by mbqb11
and take my gold with it 
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Geeze! I need multiple monitors.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 17, 2009 11:21am
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Waiting for Price Action
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Quote:
Originally Posted by TiaForex
I've experienced all this and more. You describe it so well I can almost taste it. The feeling when you are actually successful and you think "why do I feel scared or tentative?" I think it's partly to do with what Nelson Mandela once said about "it is not our darkness that scares us but our light" or as Michaelangelo put it "the greater danger is not that our goals are set too high and we will not reach them, but that they are set too low and we will". Or to be much simpler about it, fear of success.
We've all dreamed, played with our compound...
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I knew that this question would get you going and I couldn't wait for your answer!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 17, 2009 12:02pm
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Waiting for Price Action
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Quote:
Originally Posted by supremeChaos
i believe u deserve one more monitor.. or two.. or three.. 
your enduro pictures will look good on them (as wallpaper) 
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Haha! I have a goal to reach that is hopefully only ten months away. At that time I will invest in new business equipment and yes I'll have my wallpaper but maily of the kiddos!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 17, 2009 4:51pm
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Waiting for Price Action
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Quote:
Originally Posted by gdb
Anyone feeling brave and looking at trading off the small 4 hour pin on the Eur/Usd?
Bounces of the 14300 round number and there hasnt been a decent retrace since 15100???
Its quite a big trend reversal to go against though?
Any thoughts..
thanks and regards
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I'll trade 60 pip range EU Pins at swing low and support almost every time. I just need to see it printed on a 1 hr chart after some smaller proportion bars have been produced. This one is just not convincing to me. Will we head up now, maybe so. It is a good location and I must take into account that it was formed at a generally less volatile time of day. I'll wait for a better looking set up. They are always out there and I will have plenty of opportunities to trade them.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 20, 2009 10:09pm
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Waiting for Price Action
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Quote:
Originally Posted by Rastaman
Just reading the posts while I am waiting to hear back from J16......
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He's in the "mountains". There are so many mountains out here. I'm in Raton, New Mexico today and tonight. No sign of him here. I'll be in Crested Butte through Christmas. I'll post a pic if I have a J16 sighting.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 22, 2009 1:50pm
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Waiting for Price Action
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Quote:
Originally Posted by mbqb11
Gold weekly pin hit my take profit. 1 trade this month. Taking the rest of the year off from trading for sure
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Great trade Mike! I shorted and shorted gold until I left for Colorado for skiing. One of these days I'll get myself right and hold these until they give up all the move. Congrats again!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 24, 2009 9:57pm
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Waiting for Price Action
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Merry Christmas to all of my J16 family! May 2010 be a very prosperous new year for each and every one of you.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 28, 2009 10:37am
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Waiting for Price Action
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1 pip from a perfect set up imho. I still took the trade for a quick 10 pips profit including spread. The confluence of the 618 and 4 hr support helped me take this long. A little Rac style in the mix as well.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 28, 2009 11:12am
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Waiting for Price Action
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Quote:
Originally Posted by marcelnyo
That's amazing for this holiday season KISSfan, my broker charge 3 times the spread until January 4th, kept me on the sidelines for now.
Does interbank charge triple spread too? just curious.
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Spread was 3 pips. Not sure what IBFX charges right now.
Best to you in the new year.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 28, 2009 3:15pm
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
blue area is where a very serious hunt for PA will commence.
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I am watching the white trend line and the 618. (as usual) I'll get an email when we get to 8997.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 28, 2009 3:52pm
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Waiting for Price Action
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Quote:
Originally Posted by o990l6mh
Wouldn't price have to break through the white trendline in order to reach 0.8997?
Not trying to be smart, just curious how you plan to manage this (potential) setup?
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One must decide if they are going to trade the touch (for more potential reward) or if they are going to wait for bar confirmation. I'll be looking for some divergence as well. I like the round number of 9000 in this area. We use the term "area" instead of an exact retracement number or price because nobody knows where or if we will get a continuation or retracement. I could even envision a reversal as soon as 8913 because of a bar low that I see in that spot. Look for PA and look for it on lower TF's for entry where ever you feel comfortable. Chances are if you do not get an entry signal, you didn't want to be in a short position yet anyway. Remember, watch your charts and what price does in different areas. Do this as often as you can. When price stalls, reverses or bounces look at the bars around the current one and try to reason why price did what it did.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 28, 2009 4:32pm
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Waiting for Price Action
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Quote:
Originally Posted by Bemac
Between Xmas & Ainsley's Birthday Party, Rieley's young Sister{she's 2 today.} I have managed to squeeze in a moment or two to keep up with the Forum.
You guys that are Trading have Steel in the nether regions.
If you feel that you Must do this, can I suggest that Next Year, you Open a new Demo account to Trade The Holidays. I think it is the only answer you would consider to be true.
Trade for 47 weeks & Gamble for 5...
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Uh-oh! Maybe I just have ignorance in the upper regions. I have read some who say that they are not trading until the new year begins. I should perhaps follow suit however my risk is kept low and PA is behaving thus far. No many great set ups and as usual I only trade the good ones. I appreciate your intentions Mr Bemac that's for certain. On top of that I'm not one that enjoys gambling...seriously. I look forward to your guidance and mentorship in the new year as well.
Blessings to you and yours...
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 29, 2009 11:18am
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Waiting for Price Action
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GBPUSD
Anyone catch this pin on the M15? In and out for 45 fairly quick pips. Factors influencing my short: Substantial pin with trend off the 50 fib, closed below 1.6. All is merry and bright!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 29, 2009 3:47pm
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Waiting for Price Action
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Quote:
Originally Posted by gjworley1952
nice catch , i caught the beob 9 bars later for 40 pips . nice pin developing on EU 15 min chart , your thoughts Roger , cheers Gary
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Sorry I'm getting back to you late Gary. I have been out and about since my trade closed on GU. I will not be trading that pin on EU and wouldnt if I had seen it back when it formed. I just dont like that agressive run down in price before the pin formed. What would temp me to trade is if I see the price come back up to the 150 ema and give me a short PA signal that is substantial. I have a line alerter set on 1.4388 now and that might give me a heads up to short. I am only trading with bar confirmation right now. No touch trades at all and lower risk than normal. For me, this is now more about getting some additional chart time before the new year starts. I respect our senior members contention that this is not a good time to be in the market trading. This is also a good opportunity to watch some videos or review the thread if we just have to be in front of the screen.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 29, 2009 3:56pm
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
well, here is that yellow trendline in action, and today if anybody traded this "incredibly valid" trendline as a touch trade, you wold have a little over 40 pips thus far.
I, unfortunately, had to work  .
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I did see this happen but the PA just wasnt there for me. The area is choice though in my opinion. No touches for me right now, not that I'm much of a touch trade guy anyway. There is a Bemac on my right shoulder and a Fudd on my left pulling the old  every time I look at my charts.  Coffee fellas?
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 29, 2009 6:02pm
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Waiting for Price Action
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USDCAD
Daily chart.
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
Last edited by KissFan, Dec 29, 2009 8:26pm
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Dec 29, 2009 9:30pm
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
This here pin bar seems pretty significant.... will trade! (or holiday gambol!)
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Dan I'm looking at the other yen crosses. Just make sure that you get bar confirmation and set your alarm for evry hr on the hr tonight when you go to bed. This one could break either way. No doubt about your judgement bro. Just trying to give you another view. Happy New Year! I know it will be a great one for you!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 30, 2009 6:50am
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Waiting for Price Action
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Quote:
Originally Posted by marcelnyo
Hey KISSfan, I missed that USDCAD long because I overslept, it was located on my weekly PPZ though, but when I woke up, it blasted through, so I'll have to take a pass on that one, but should I took it, areas that I might watch to move stops/take profits are :
Some bar lows at 1.048
A thick Minor PPZ from 1.05-1.06, the 61.8 ret from the recent downward move is also on 1.06, and yes, I love rac...
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Did you get in on the dip back down to 1.04635? Still a good entry in my book. I am hoping to hold on to this one for a few days.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 30, 2009 6:57am
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Waiting for Price Action
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Quote:
Originally Posted by PippingMama
Hello Kiss,
I feel the same with you that I rather take the PA trade instead of the touch trade Your mind will favorite more on safe side that when you have no loss trade for the month base on J16's PA trade, why you want to risk to take a less probability on touch trade? Maybe I am not at Rac's level yet, J16 PA trade is still my favorite because I want to see a little more confirmation (price action) before I invest my money into a "business".
When demoing, I suggest people should demo more on J16 PA trade and gain the confidence before...
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Hey PM! Dan definately knows how to find the sweet spots on a chart. There is little debate amoung the masters here that they will look at where a bar is first and then what the bar looks like second. The most conservative traders will require a great looking bar, confirmation and location. I'm not that guy usually but I am right now. Notice the trades that I have posted over the past couple of days and you will see what I mean.
Best to you in the new year!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 30, 2009 9:42am
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Waiting for Price Action
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Quote:
Originally Posted by KissFan
Daily chart.
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Pay Dirt Simple. Out at +80.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 30, 2009 9:58am
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Waiting for Price Action
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Quote:
Originally Posted by ghous
That one worked out as neat as ever...
Nice catch KISS
g.
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Thanks Ghous! Happy New Year to you brother and thank you for all of your charts. This thread is a better place because of your contribution.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 30, 2009 10:02am
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
lol. you didn't even get any drawdown on that..... very nice!
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Yeah it went very smooth. My last 6 trades have really made my account grow nicely. Even without my normal risk. Now let's see that Sterling move on down to 1.51!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 30, 2009 10:23am
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Waiting for Price Action
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Quote:
Originally Posted by squeezy
nice trade Kiss
i think you closed out a bit too early though, im holding this to see if we cld test that tl on the daily
hopefully break out to push ucad higher ,only time will tell
many pips to you Kiss
cheers
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I agree with you that this has more potential. I wanted to bank profits and see if I could get back in long at a better price later. This pair is so darn choppy. Best of luck to you!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 30, 2009 10:31am
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Waiting for Price Action
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Quote:
Originally Posted by supremeChaos
really? 
i have fetishes too, lol 
i can crack anyone, anything & everything but i dont use firecrackers on New Year's eve, i want to keep my hands & body complete/intact & injury-free 
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 Happy New Year SC!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 30, 2009 10:40am
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Waiting for Price Action
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GBPUSD
I believe that GBPUSD is giving us a late Christmas gift. I'll be watching closely.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 30, 2009 10:43am
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Waiting for Price Action
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Quote:
Originally Posted by ghous
I've had enough of firecrackers too...one just day before yesterday killed 40, injured more than 100 and robbed our economy of over 20 billion rupees...
No fire crackers this time on new year here, I'd rather trade on the 31st at 12:00 midnight then blow any crackers.
Have a great 2010 Chaos.
g,
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It pains me to hear this. Stay safe my friend.
K.I.S.S.
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 30, 2009 10:45am
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Waiting for Price Action
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Quote:
Originally Posted by Hova
I was on that train too, but closed for +120.
Nice end of the Month, who told me dez. is not tradeable ?
Happy New Year to all of you and all the pips in the world 4 ya all !
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K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Dec 30, 2009 4:43pm
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Waiting for Price Action
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Quote:
Originally Posted by Bemac
I agree with Mike but I must have done the Rumplestiltskin thing or something. jan 29 !!! Tell me it isn't so because I wanted to be back Trading by then...

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Fudd already found the adult beverages.  Even so, he can still out trade me.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 4, 2010 8:35pm
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Waiting for Price Action
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GBPUSD
After my USDCAD debacle (KISSFan's Trading Journal)this morning it looks like I might save face on this trade. I'm looking at this one on the hr every hr. Original short 1.6234 based on double top. I just added to my position off the nice pin shown here. My original plan was to look for PA off of a retracement back up to the 1.6170 area. I will move the second position to BE at 1.6057 and leave it there until it is stopped or 1.6014 whichever comes first. I'll be looking for some partial profit at 1.55ish.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 5, 2010 8:49am
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Waiting for Price Action
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Quote:
Originally Posted by Jlr
Took the same trade you did on u/cad. IMO it was just some bad luck, I think it was a good trade. No biggie really 
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I agree with you. Don't take my tone wrong here, I'm just not happy with myself. I traded long just above support which is generally a good idea. Looking back though, that daily pin delivered me the goods already. Once out I should have waited for bar confirmation even if it was on lower TF's before getting back in. If you look back on the 1 hr chart, my entry long was at the break of a most beautiful 1 hr pin showing short. I couldnt have entered at a worse time. I just didnt see it and it would have kept me out of the trade. Simple as that. Whoever made my money deserves it. I get the experience and will use it for future benefit.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 5, 2010 8:54am
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Waiting for Price Action
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Quote:
Originally Posted by Bemac
On the threshold KF. I wish you the best o' British Luck. Seriously.
Attachment 386648
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Big battle going on now between 1.6 and 1.6050. Given the location, that is to be expected.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 5, 2010 9:29am
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Waiting for Price Action
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Quote:
Originally Posted by supremeChaos
How do u see this getting resolved? future move?
i'll be watching this too. especially if the price will move convincingly through the 1.57 - 1.58 area (late 2009 support)... if it will, then we might see 1.50 -1.53. by then we can talk about 1.40's
watching, trading , learning 
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I have some tp scheduled at 1.55 but this like any longer term trade can evolve. My usual trade M.O. is to snipe and get out. I started experimenting with longer term at the end of 2009 with mixed but promising results. Don't put too much stock in what I'm going to say next but with the dollar strengthening against the yen and the gbpusd already in a longer term downtrend and regularly breaking daily tf trendlines I can't help but be bearish on the pair. I see 1.575 then 1.555 in the not too distant future.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 5, 2010 10:40am
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Waiting for Price Action
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Quote:
Originally Posted by supremeChaos
to u, what's the significance of 1.5750 & 1.5550?
1.5750 = weekly support?
curious as always, thanks Sir 
EDIT: i remember this post in mid-December.
gbp bear bear bear, lol 
Let's see..
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SC-
Here is a simple chart. I see bar highs on the way down at these levels. Also round number and fib confluence at the same levels.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 5, 2010 8:17pm
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Waiting for Price Action
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Quote:
Originally Posted by ninreznor
Im not really seeing a decent PB on the A/U daily. Is it because my MT4 is on a GMT -5 setting and this would influence the candle.

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I have a feed from FXPro,Oanda and IBFX that I look at. No matter how you slice it, the range of todays bar is 85 ish pips and yesterdays is 200ish. That location is pertty good with it being the top of a channel and also at resistance. This will not be my trade tonight though as that bar is just too puny.
My opinion for what it's worth. Hope this gets you thinking.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 6, 2010 9:22am
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
If anyone was trading at the time (in a deep sleep here)...
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Yeah I saw this after the fact as well. It doesnt bother me that I miss one while I'm asleep. It bugs me when I miss one while I'm awake.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 6, 2010 9:38am
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Waiting for Price Action
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Quote:
Originally Posted by dobe_r_man
Gbp/Chf - You can't say I only show winning trades. This one is not over (yet) but it is as if someone saw my order and wanted to have some New Years Fun with me. My entry gets tagged at 1.6608 and immediately drops like a bomb to yesterdays low and is currenlty hovering above my stop like a vulture.....
If it doesn't get back above 1.6500 and hold then there is no doubt today I get stopped out. This worked out as well as setting up a tea party between my dobe and Mike Vick.....
In the grand scheme of things it is just another...
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I remember your post, did you ever post a chart for the trade? I was interested in seeing one.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 6, 2010 10:05am
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Waiting for Price Action
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Quote:
Originally Posted by pipmyride
Well 1st one didnt break but what now ...... keep waiting for break i guess ...
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Here is a chart illustrating my my deduction. First of all, my fib placement is taken from a daily view. I transposed it to the 4hr because we are discussing the 4hr BUOB. I see resistance and confluence of the 50fib level at 1.45. I believe that we are going to make another run at this area and I will take profit there if this trade materializes at the break of that bar. For anyone who is new, keep in mind that I am not in this trade yet. I will only get in long if we see a break of the BUOB. I will trade long here as long as price does not break the nose down at 1.4283 BEFORE it breaks to the upside. A good trade IMHO. I could see a scenario where price continues to the 1.4575 area. I have an overall short bias on EUR/USD because of the monthly BEOB. Keep that in mind when trading this one.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 6, 2010 10:07am
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Waiting for Price Action
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Quote:
Originally Posted by dobe_r_man
No, I was extremely busy last night but I will post my chart tonight for sure. It is much easier to see visually what I was looking at on this trade with a chart.
I will do that.
Nathan
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Thanks Nathan. I am going to try to get something out of every chart posted this year and I value your perspective.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 6, 2010 11:10am
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Waiting for Price Action
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Quote:
Originally Posted by dobe_r_man
Maybe you shouldn't ........ha ha. Stopped out about ten minutes ago which gaurantees a huge move to the upside any moment.
Nathan
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I was going to post a chart but that's a tough pair to get a handle on for me right now. I'll trade on short TF's with great set ups but the PPZ's on this area are wide and in some instances not very defined. My gut says to trade it short when I can just because of the trend and GBP weakness.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 6, 2010 3:59pm
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Waiting for Price Action
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Quote:
Originally Posted by ppfx
woow this is incredible   i tested it immidiately on EU and i couldnt belive my eyes ... it really does work as s/r areas
i attached a screenshot ( i already had the s/r areas drawn and it seems to fit perfectly with them  )
Attachment 387803
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They are great tools for you PPFX. If I remember correctly, Jim teaches that they should be used in confluence with PA. Pull a chart, go back and look at the way that a pin for instance will deliver the goods off of the 150 when it is in confluence with S/R or a major fib level. Also, note the "first time back" phenomenon of price off the 150ema. This material alone can keep you busy for years. It's good stuff!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 6, 2010 6:53pm
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
since I discovered this thread some 2 months ago, my mind is blown from how much I have learned, and how simple trading really can be. from reading posts, to sending and receiving PM's, watching the guest material on the J16 site.... I can say that my "feel" for the chart reading is absolutely exponentially better than it was when I viewed James' first chart picture. Some of the more recent touch trades that I missed, have only been missed by 3-15 pips, and all have (errrr, would have) gone well into profit.
[b]Big round numbers, trendlines,...
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I started here to learn to trade. Never thought I'd make so many friends. Now I'm here to improve, pass along what I have learned like the great ones before me. I enjoy it here. I even find myself wondering where some of my friends are and what they are doing. I hope to be around for a long time.
Where are you Jarroo? Hope you are doing well my friend.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 6, 2010 9:06pm
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Waiting for Price Action
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Quote:
Originally Posted by Bemac
I hope you don't expect me to Kiss your Fan
There will be a time in the future where you will say....
Jarroo ...
Just incase he has a hunter on me.
Hey Jim, (Jarroo) are you still with us or have you moved beyond?
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Help me find him Bemac! I miss the red white and blue charts and the "hard break" term singing to me in the wee hours. Hehe! No disrespect to my good friend Dan Gilbert but to mention me in the same breath as Fudd? I'll savor this for as long as Mr Fudd has trouble pronouncing his "R" words.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 6, 2010 9:08pm
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Waiting for Price Action
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Quote:
Originally Posted by dobe_r_man
Hey Kissfan:
Here is the chart sans the 61.8% fib, but it is dead on with the pivot zone.
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Dob-e
That is an excel spread sheet. I cant see a chart.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 6, 2010 9:09pm
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Waiting for Price Action
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Quote:
Originally Posted by mbqb11
Thanks Dan and B(you crack me up dude)
all kudos to the big guy for creating a place where we feel comfortable to share and prosper together
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...and bust each others chops from time to time  . All in good spirits!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 6, 2010 9:21pm
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
trailing stop can hardly keep up....
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I get a small commission on all of your "winning" trades  Sorry but it works like the "family" around here. I take a little and then pass it up till it gets to James16. It's an offer you can't refuse.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 6, 2010 9:49pm
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Waiting for Price Action
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Quote:
Originally Posted by Treefingers
Would this be worth keeping an eye on, chart is the daily?
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My two cents Tree. I think that your trendline is drawn without taking into account the swing highs in between the two that you have chosen. While I'm no trendline expert, I wouldn't consider the information that I get from such a line as helpful to my trading decision. I am long on this pair because of what I spy on the four hr. I really like those significant looking pins like the one I have indicated. I have also drawn a trendline on this chart. Take a look at what price does at this line. Like so much of what we do here, some is art, some is science. You'll get it sooner or later. Just spend time reading this thread and looking at both posted charts and live ones. Also, do not take any trades here just because you see a guy with 10V next to his name taking it. Especially if that guy is me. We all have losers. This is a probabilities gig. The only certainty is uncertainty.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 6, 2010 9:55pm
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
30 minutes before the NZDUSD 4hr bar closes.... aware?
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My IBFX closes in 1hr 7 min. Here is an FXPro chart. Already closed. No cigar. Bear in mind that I havent looked at SR or divergence. Just posting a chart.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 6, 2010 10:05pm
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
I did that homework for yah, .7400 round number, weekly PPZ, and divergence on macd and rsi 
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What!  I have a staff now? I'll be throwing all kinds of charts at you for investment advice.  I'll need you to look at this gbpusd 4 hr as well. While you are at it let's take a peek at EU 4hr. Tell me if you think that GU will tank faster than EU as I'm long on EuroGBP. HAHa! !!!! Let's roll Dan!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 6, 2010 10:09pm
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Waiting for Price Action
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Gbpusd-again
I will add to my short position at the close of this bar in 52 min if it looks like it does now.
K.I.S.S.
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 6, 2010 10:11pm
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Waiting for Price Action
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Quote:
Originally Posted by Treefingers
Thanks I see what you mean with your trend line, i guess mine is making it see what I want it to see. My IBFX doesn't show the same Bull pin as yours it actually shows a near 8h pin from around the same period so I guess long is looking good.
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Get you an FXPRO feed as well. I can't tell you how many times it has helped me to look at other feeds. I look at three.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 10, 2010 8:19pm
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Waiting for Price Action
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Quote:
Originally Posted by dobe_r_man
A for analysis.........E for execution and timing, I just knew this area would bounce.........

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OK Dobe_r_man, I see waht you were thinking now. Funny thing is you also mentioned the 618 fib level. This is almost exactly how I like to trade in the sense that the three variables that I like to see come together are horizontal SR, trendline and the 618. I'll just be glad when we clear this area. It is just such a wide PPZ and I dont like that. It seems that price has been pushed and pulled all over this freakin zone. On another note, thanks to Bemac for the GBPCHF chart posted last week. I've been away from the forum most of friday and all of this weekend. Let's all have a great week ahead!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 11, 2010 11:16am
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Waiting for Price Action
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Quote:
Originally Posted by nasir.khan
Sitting and waiting is greater skill then touch trading Nathan. 
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Nugget material! This cannot be said too many times. Nice quote for a slow chart posting day Nasir.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 11, 2010 11:34am
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Waiting for Price Action
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Euro/usd
I have been looking at this chart every day since the year began. While I have been shorting this pair at the top of the channel there at the bottom, I figured it would eventually break towards the 50 or 618 fib retrace on the BEOB from December 2009. My read of this chart tells me that the 1.4682 area is the most likely area for a turn to the downside.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 11, 2010 12:00pm
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Waiting for Price Action
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Quote:
Originally Posted by dobe_r_man
What is going on KISSFAN? I am currently stalking Usd/Cad, Eur/Aud and Aud/Nzd. Been riding the bike lately? I'm staring out at snow........shocking since I live in Michigan...he he.
Shadow the shark says hi
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Howdy from Texas! I closed my long positions on NZDJPY, AUDJPY and EURJPY for various levels of profit very early this morning. USDCAD is going to have to show me some gonads before I enter long (assuming that's what you are looking at). I rarely trade Euro/Aud and never AudNZD so best of luck on those. No riding lately as the social schedule has been full. I'll be back on the bikes in March. We just left the snow in Colorado a couple of weeks ago. I'm looking for shorts on EU and GU but we will see!
K.I.S.S.
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 11, 2010 3:41pm
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Waiting for Price Action
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Quote:
Originally Posted by Bemac
Got above Freezing here for the first time in a couple of months. Chasing kids in bathing suits off my front lawn..
To the Play:
Nice Move but I think there may be further opportunities to go long in the Near future.
Time (& PA) will tell all.
EURJPY Weekly
Attachment 390216
EURJPY Daily (Same Box)
Attachment 390219
knudge knudge  "Does your wife like photography?"
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Hehe! Thx for the chart Bemac. I took profit and am glad I did just before the move down. I agree with you on the long opportunities. My initial TP goal was a bit lofty and I had to settle for what I got. It's 55 here now. The pipes they were a bustin' all over these parts for 3 days. Some folks just don't learn. You can tell'em to wrap pipes but for whatever reason, they just have to see for themselves. Keep warm friend.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 11, 2010 3:45pm
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Waiting for Price Action
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Quote:
Originally Posted by Bemac
I have tried to find it on the Web but, so far, have been unsuccesfull.
Jan 11th 2010 China Monetary descision.
Expected to shun pleading from US to Peg Yuan yet again.
This is the biggest influence on all (Liquid) Currencies at the moment and has put All in a Stack 'em & Rack 'em mentality. {(very little will happen until the news starts filtering out. (Be Very very carefull here. Remember Who is Feeding the Filter.)}
IF [size=3]and that's a Huge IF. China decides to peg...
Every single Trader that has not...
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I get your message and thanks. Just one question? Are you saying that the US lobby's for a peg?
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 11, 2010 4:09pm
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Waiting for Price Action
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Quote:
Originally Posted by Bemac
Absoflogginlutely. While the Yuan is Un associted, China says how much it is worth.
Consider the Business decisions & collateral outlay if you are an American Bus. Man selling Junk Jewelary or whatever that was Mfg in China & They say it's worth $0.05 but you can sell it {Slap Chop} for 4 easy payments of...
Then think about Hasbro & Disney &...
A Global Statement on how the Chinese view the future Global Economy is about to be re-iterated. {In my opinion.}
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OK school is in session. Right now RMB is pegged to USD correct? If China un-pegs, wouldn't they devalue the RMB so as to sell more plastic crap to the US thus keeping their unemployment rate down?
Fundies are my weakness in a severe way and I hate to admit that.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 11, 2010 4:15pm
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Waiting for Price Action
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Quote:
Originally Posted by Bemac
Got above Freezing here for the first time in a couple of months. Chasing kids in bathing suits off my front lawn..
To the Play:
Nice Move but I think there may be further opportunities to go long in the Near future.
Time (& PA) will tell all.
EURJPY Weekly
Attachment 390216
EURJPY Daily (Same Box)
Attachment 390219
knudge knudge  "Does your wife like photography?"
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I'll be looking at EURJPY again at 133.37 area for long.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 11, 2010 6:23pm
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Waiting for Price Action
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Quote:
Originally Posted by Bemac
"Right now RMB is pegged to USD correct?"
This could have been spoken by the Obama himself. You are no more confused than he is.
China? I have been there.
If you think...
Bunch o' slant eyed neanderthals.
Please open your wallet. It will be reduced AND you will be made to believe it was Your Fault.
Hence... You will offer whatever you have left.
Seriously:
This is not a fight the USD wants but they have to keep face by Asking for it.
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OK I get it. You are speaking in tongues. On top of this information being top secret with any govt, we are talking about the Chinese. Copy that. If I come across anything I'll give you a tap on the shoulder. Thanks as always.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 11, 2010 7:20pm
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Waiting for Price Action
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Quote:
Originally Posted by Mr Trend
KISS sucks.
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 Hey bro! Dontcha be hatin' there Mr T. Would it be
presumptuous on my part to recommend an ear doctor?
K.I.S.S.
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 11, 2010 7:25pm
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Waiting for Price Action
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Quote:
Originally Posted by icarusfx
hi kissfan, bermac
just doing a bit of reading on the forums and i'm sad to say i was completely ignorant to the pegging issue....it's actually disturbed me a little.
thanks for shedding some light bermac.
kiss, looks like we're in the same boat! (it's a small one and bemac's the captin lol) posting as i didn't want you to think you were fundamentally alone (everyone loves a good pun...? :o)
i'm now going looking for info as it's not popped up on my regular hunting grounds.
regards
ic
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Hi Icarusfx,
I'm now thinking that he means that this is by design by both govts. Just my take.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 11, 2010 7:27pm
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Waiting for Price Action
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Quote:
Originally Posted by Investor7
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Hello Investor7,
Which scenario do you think is more likely and why?
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 11, 2010 9:13pm
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Waiting for Price Action
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Quote:
Originally Posted by relict07
So far so good. The CHFJPY Chart looks like its going to go down to at least teh 90s zone.
Attachment 390453
Anybody taken this trade?
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You are short here?
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 11, 2010 10:24pm
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Waiting for Price Action
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Quote:
Originally Posted by relict07
Yes
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The reason why I ask is because I really don't like that stubby pin that you sold off of. Watch closely how the 4 hr closes (my IBFX feed closes in 44 min) and what it does. Ther could very well be another run at 91.05. I'll show you a pin I like. I'm not in this trade at this time but it's on the 1 hr USD CHF and with the 1 hr trend. It is a substantial looking bar compared to the previous bars. You have the right idea concerning SR and location but IMHO, it is a B- trade because of the bar formation and the trade risk/reward. I hope that this helps you in your trading. Best of luck to you relict07!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 11, 2010 10:26pm
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Waiting for Price Action
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Quote:
Originally Posted by triger88990
I'm curious to know it to
all this madness is sustained by the yen interest,I don't know but it's seems that they wanted dollar stronger  but for what prupose....
maybe to buy cheap commodities
if someone could pointed out this issue it will be nice
what are your thoughts?
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Dunno either but what Bemac has been talking about may be a clue?
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 12, 2010 7:30am
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Waiting for Price Action
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Quote:
Originally Posted by relict07
So far so good. The CHFJPY Chart looks like its going to go down to at least teh 90s zone.
Attachment 390453
Anybody taken this trade?
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I wanted to stop back by after my comments on your trade and congratulate you on taking one that was profitable. Best of luck to you relict07!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 12, 2010 9:13pm
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Waiting for Price Action
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Quote:
Originally Posted by mbqb11
I know this is off topic, but does anyone have a way to contact Jarroo. It has been very long and this is not like him. Maybe someone has a personal email he has not answered PMs on here or the PF and I am worried at this point
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I'm sure that many of us would like to know how he is. Please let us know if you hear anything.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 13, 2010 8:44am
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Waiting for Price Action
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Quote:
Originally Posted by g_j_hook@yah
gb/cad 1h pin with divergence... wot do u guys think??
cheers
jon
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I'm not taking this one and I do trade many 1 hr pins. I just dont like the traffic underneath.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 13, 2010 12:20pm
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Waiting for Price Action
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Quote:
Originally Posted by Investor7
For the touch and confluence lovers......... 
I think it will go to the triple confluence of 1.66000 before coming down, down, down.....
Attachment 391669
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Here is my chart. There is a longer term trendline at play as well with third touch. So waht do we have? Round #/PPZ, 150 ema, third touch of two trendlines am I missing anything? O yeah, let's have some PA as well.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 13, 2010 1:23pm
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Waiting for Price Action
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Quote:
Originally Posted by gjworley1952
Hey Roger , nice pin may be developing on 4 hr ?? good pips my friend , Gary
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What feed? FXPro did not close as a pin. IBFX shows in 1hr 38min.
Can someone tell me how to post an Oanda chart?
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 13, 2010 1:28pm
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Waiting for Price Action
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Quote:
Originally Posted by nasir.khan
hey mike does this qualifies a cherry??
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What chart is that Nasir? Also, What feed is that?
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 13, 2010 5:37pm
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Waiting for Price Action
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Quote:
Originally Posted by nasir.khan
See this is how markets move.
And EJ is for you Rac.
Hey Kiss thats Oil future at FXPRO.
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I learn something new everyday. Thanks Nasir!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 13, 2010 5:38pm
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Waiting for Price Action
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Quote:
Originally Posted by raczekfx
you're kiss'n and rock'n.....
I lost 50ps on fiber!
beer won't do, .... but with Hennessy Beaute du Siecle Cc or Henri IV... who knows 
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I resemble that remark.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 13, 2010 5:47pm
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Waiting for Price Action
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Quote:
Originally Posted by bluetrader
Hey Kiss, you can detach the Oanda chart (so we don't see all your account info) and then press "Alt" and "Print Screen" simultaneously.
Then open up your favorite paint program (or snipping tool) and press "Ctrl" and "v" simultaneously to paste it from your clipboard.
Look forward to seeing your Oanda chart Kiss.
-- Danny
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OK I see now. I'll start posting Oanda feeds when they are pertinant. This works like a charm and thanks very much Bluetrader.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 13, 2010 6:06pm
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Waiting for Price Action
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Quote:
Originally Posted by gjworley1952
sorry Roger ,im on ibfx , the pin was in the early stage .just wanted you to have a heads up !
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Thanks GJ. This one closed ok. Here is a chart on my end. I am trying out my new desktop so I don't have the chart I posted before. The location is what is important here.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 13, 2010 9:48pm
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Waiting for Price Action
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Quote:
Originally Posted by supremeChaos
if u havent yet...
within MarketWatch, right-click & u will see a list. click/check 'Show All'. doing this will 'unleash' all the tradable instruments.
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Thanks SC! I am being schooled by my peers once again!
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 13, 2010 10:35pm
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
GC 4hr pin still not broken...... i'm monitoring the lil flag patter.
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Hey Dan. My IBFX feed shows a break to the downside now. That pin's low was 1.6567. Looks like we are in business. Now for the record, that is a stubby little creature. I took the trade because of many factors that I listed a few posts ago.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 13, 2010 10:53pm
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
Good luck broski... this think is going to rocket down if this flag is any indication...... sick sick area. perfect area.
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I'm up 30 now.  Are you still in USDCHF short?
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 13, 2010 10:59pm
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
no  that trendline proved to be legit a 2nd time, immediately after my stop was hit, by roughly 3 pips. so I got stopped out by 3 pips and the price took off again. oh well. I already see a good opportunity to re-enter the pair  , and am very happy the first trade I made, made 50% of it's targets, with no losses. My demo trade off that line is still live though, the sell limit was just 4 pips higher on the demo account, made all the difference....
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Gotcha. Have a good night. I have line alerts set and I'm off to see the dream weaver.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 14, 2010 4:20am
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Waiting for Price Action
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Quote:
Originally Posted by KissFan
Here is my chart. There is a longer term trendline at play as well with third touch. So waht do we have? Round #/PPZ, 150 ema, third touch of two trendlines am I missing anything? O yeah, let's have some PA as well.
K.I.S.S. 
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I have been stopped at BE on this trade. I am looking at entries based on a 1 hr TF at this time to short again.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 14, 2010 4:38am
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Waiting for Price Action
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Quote:
Originally Posted by nasir.khan
No problem bro.
Well i have been seeing your charts, when you save your charts which option do you select?
Active Workspace ????
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Hehe! "Save as picture" I know they are busy.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 14, 2010 5:13am
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Waiting for Price Action
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Quote:
Originally Posted by pipmyride
ive been waiting for a sign !
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I hope you have a runner pip! For your benefit here is a 3hr chart as well.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 14, 2010 4:27pm
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Waiting for Price Action
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Quote:
Originally Posted by urchman
Though i don't usually post much here but really love to share this chart with the family,this is just my own thought process on gold  . H&S with double top @1145.00 (inside bar confirmation).price may be heading for 1085.00. 
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Jewel of a chart Urchman! Thanks for the post and don't be a stranger.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 14, 2010 4:47pm
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Waiting for Price Action
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GBPCHF (2 Charts)
I got in last night at the touch of the trendline and was up by 30 something pips at one time but stopped out at BE early this morning. I believe that this is the PA I have been waiting for on GBPCHF. Price has already broken this pin but I am not in yet. I am going to sell at the touch of the 618 retrace (if it gets there 1.6650). Risking 32 pips. If price does not get to 1.6650, I will sell at the break of the 4hr pin again.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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Jan 14, 2010 5:11pm
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Waiting for Price Action
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Quote:
Originally Posted by Dan Gilbert
I kept anticipating that flag pattern to make a significant break so I could set a limit order, but it didn't...... no trade allowed.
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I just keep thinking about the overall longer term trend on GC and GU. Heading down from this level is still high probability in my estimation. Here is a prediction for what it's worth.  We close today on daily as a crappy looking pin with a short nose and long body, I4B tomorrow on daily and then Monday we break south.
K.I.S.S. 
__________________
When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost. --Billy Graham
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