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  #48741  
Old Nov 26, 2009 4:58am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
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Quote:
Originally Posted by james16 View Post
...
dammit ive tried to be different and i guess i just want to get this off my chest.
please allow me to do that.
UPDATE 11/25/09 - ABOUT THE JAMES16 GROUP PAID SERVICE

For those of you that are new to this thread i have finally decided to post something about our group in post #1....
THE JAMES16 GROUP IS THE GOLD STANDARD IN THIS BUSINESS FOR ETHICAL BEHAVIOR AND PRODUCING SUCCESFUL STUDENTS.
....
THE JAMES16 GROUP IS ABOUT TREATING YOU WITH DECENCY AND RESPECT AND TRYING TO GIVE YOU A CHANCE AT SUCCESS INSTEAD OF...
I am not a James16 PF member.
I joined FF in Feb2009. 6-15months prior that, i probably have heard & read about James16 free/public thread & i regret that (reading/learning from this free thread later than i should've; i impulsively initially thought that this thread's teachings are not applicable to H1 & below, as this thread is primarily H4 & up trading)..

having said, this may be my last post this year. got some personal matters to attend to. will probably see u all next year.
i took/learned 2 things best from this FREE thread:
1. PATIENCE
2. PPZ (S & R being a ZONE not a single price point)

to newer traders, i suggest u take advantage of the holidays to learn & read as much as u can about this thread & study your past trades.


advance happy holidays to all!
Happy Thanksgiving to those in the US...
God bless!
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #48741  
Old Nov 26, 2009 4:58am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by james16 View Post
...
dammit ive tried to be different and i guess i just want to get this off my chest.
please allow me to do that.
UPDATE 11/25/09 - ABOUT THE JAMES16 GROUP PAID SERVICE

For those of you that are new to this thread i have finally decided to post something about our group in post #1....
THE JAMES16 GROUP IS THE GOLD STANDARD IN THIS BUSINESS FOR ETHICAL BEHAVIOR AND PRODUCING SUCCESFUL STUDENTS.
....
THE JAMES16 GROUP IS ABOUT TREATING YOU WITH DECENCY AND RESPECT AND TRYING TO GIVE YOU A CHANCE AT SUCCESS INSTEAD OF...
I am not a James16 PF member.
I joined FF in Feb2009. 6-15months prior that, i probably have heard & read about James16 free/public thread & i regret that (reading/learning from this free thread later than i should've; i impulsively initially thought that this thread's teachings are not applicable to H1 & below, as this thread is primarily H4 & up trading)..

having said, this may be my last post this year. got some personal matters to attend to. will probably see u all next year.
i took/learned 2 things best from this FREE thread:
1. PATIENCE
2. PPZ (S & R being a ZONE not a single price point)

to newer traders, i suggest u take advantage of the holidays to learn & read as much as u can about this thread & study your past trades.


advance happy holidays to all!
Happy Thanksgiving to those in the US...
God bless!
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #48751  
Old Nov 26, 2009 10:10am
supremeChaos's Avatar
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Member Since Feb 2009
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Quote:
Originally Posted by raczekfx View Post
BINGO..
.
Awesome, Sir.

Quote:
Originally Posted by Dan Gilbert View Post
unbelievable...
BELIEVE IT

remember Obama's "Yes we can"...
so yes WE can
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  #48756  
Old Nov 26, 2009 11:05am
supremeChaos's Avatar
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Member Since Feb 2009
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Quote:
Originally Posted by xtrader88878 View Post
Hi Raczekfx
I do not mean to be rude or anything, I am new to this forum. Would you mind telling us why are you posting the charts after the fact?
It doesnt really help the forum people in their trading.
Hi & welcome

since u are new, better read up on ALL his previous posts. highly recommended.

& on the contrary, it DOES help even if it looks "after the fact" to u/us. u just have to change your mindset & open your eyes & learn whatever u can (whether posted chart/s is/are after the fact or not).

we just have to feel blessed & grateful that people like james16, raczekfx & all senior traders here are generous to share their time, no matter how short or extensive it may be, with us.

Good luck!
__________________
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  #48757  
Old Nov 26, 2009 11:08am
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Member Since Feb 2009
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Quote:
Originally Posted by MattW View Post
I know there is no Right or Wrong, I just wondered,
Which oscillator do people prefer to use to look for divergence?
u can use any that u prefer/feel most comfortable using, but several here use mostly MACD &/or RSI.
senior traders here use MACD & RSI so u can start with these 2 or just choose 1 from these.

Try & emulate the best of the best. To be successful, do what successful people do.
__________________
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  #48751  
Old Nov 26, 2009 10:10am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by raczekfx View Post
BINGO..
.
Awesome, Sir.

Quote:
Originally Posted by Dan Gilbert View Post
unbelievable...
BELIEVE IT

remember Obama's "Yes we can"...
so yes WE can
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #48756  
Old Nov 26, 2009 11:05am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by xtrader88878 View Post
Hi Raczekfx
I do not mean to be rude or anything, I am new to this forum. Would you mind telling us why are you posting the charts after the fact?
It doesnt really help the forum people in their trading.
Hi & welcome

since u are new, better read up on ALL his previous posts. highly recommended.

& on the contrary, it DOES help even if it looks "after the fact" to u/us. u just have to change your mindset & open your eyes & learn whatever u can (whether posted chart/s is/are after the fact or not).

we just have to feel blessed & grateful that people like james16, raczekfx & all senior traders here are generous to share their time, no matter how short or extensive it may be, with us.

Good luck!
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #48757  
Old Nov 26, 2009 11:08am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by MattW View Post
I know there is no Right or Wrong, I just wondered,
Which oscillator do people prefer to use to look for divergence?
u can use any that u prefer/feel most comfortable using, but several here use mostly MACD &/or RSI.
senior traders here use MACD & RSI so u can start with these 2 or just choose 1 from these.

Try & emulate the best of the best. To be successful, do what successful people do.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #48779  
Old Nov 27, 2009 12:36am
supremeChaos's Avatar
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Member Since Feb 2009
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Quote:
Originally Posted by raczekfx View Post
Oh I did my friend and almost to a minute. Perhaps you've missed it.
Five of us sold it. Four of them are still in with full position...
....
btw: this guy on a bike was once also under a 9 month mentorship....
no more chinese food for me
Four are still in with full position?? wow.

i sold gj a little lower (148.90), i didnt expect the 'medium term' target will get hit this soon (today, 140.20; expected support around 140-ish, see Sept28 & oct7 daily bars). i guess gbp is too weak nowadays.
Letting a trade breathe really helps.

thanks for sharing that "Chinese info". i think these kinds of things are rampant in many countries.
Dead Chickens... crispy & juicy, LOL.

i am just squeezing out some 'juice' from my internet (i discontinued my subscription early today)... so my internet will be cut off anytime from now.
__________________
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  #48779  
Old Nov 27, 2009 12:36am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
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Quote:
Originally Posted by raczekfx View Post
Oh I did my friend and almost to a minute. Perhaps you've missed it.
Five of us sold it. Four of them are still in with full position...
....
btw: this guy on a bike was once also under a 9 month mentorship....
no more chinese food for me
Four are still in with full position?? wow.

i sold gj a little lower (148.90), i didnt expect the 'medium term' target will get hit this soon (today, 140.20; expected support around 140-ish, see Sept28 & oct7 daily bars). i guess gbp is too weak nowadays.
Letting a trade breathe really helps.

thanks for sharing that "Chinese info". i think these kinds of things are rampant in many countries.
Dead Chickens... crispy & juicy, LOL.

i am just squeezing out some 'juice' from my internet (i discontinued my subscription early today)... so my internet will be cut off anytime from now.
__________________
Failure is the mother of success: learn from 'her'
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  #48980  
Old Dec 1, 2009 1:18am
supremeChaos's Avatar
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Member Since Feb 2009
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Quote:
....did not know z meant December...
Quote:
Originally Posted by atclarkson View Post
Thanks again Joel, you've been a huge help today
late October, i posted this. there, i listed the month "1-letter codes"

Sir joelcf & Sir jarroo, u have been on extended holidays huh, heheh


NOTE:
i'm on temporary, intermittent, crappy internet... for now
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  #48981  
Old Dec 1, 2009 1:26am
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Member Since Feb 2009
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Quote:
Originally Posted by Wamo View Post
I first started reading this thread in October. After a good bit of reading I decided to put the J16 method to the test and began my three-month trial starting November 1. Today marks the end of the first month, and the results are staggering for me.
I have been trading for the past fifteen years (mostly stocks and stock options) without ever having much success or consistency....

My results for the month of November have shocked me...
...it feels great!
Inspirational!
Persistence pays!

Your experience/persistence is a GOOD EXCUSE for us newer/younger traders NOT TO QUIT (without a real good reason)
__________________
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  #48980  
Old Dec 1, 2009 1:18am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
....did not know z meant December...
Quote:
Originally Posted by atclarkson View Post
Thanks again Joel, you've been a huge help today
late October, i posted this. there, i listed the month "1-letter codes"

Sir joelcf & Sir jarroo, u have been on extended holidays huh, heheh


NOTE:
i'm on temporary, intermittent, crappy internet... for now
__________________
Failure is the mother of success: learn from 'her'
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  #48981  
Old Dec 1, 2009 1:26am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
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Quote:
Originally Posted by Wamo View Post
I first started reading this thread in October. After a good bit of reading I decided to put the J16 method to the test and began my three-month trial starting November 1. Today marks the end of the first month, and the results are staggering for me.
I have been trading for the past fifteen years (mostly stocks and stock options) without ever having much success or consistency....

My results for the month of November have shocked me...
...it feels great!
Inspirational!
Persistence pays!

Your experience/persistence is a GOOD EXCUSE for us newer/younger traders NOT TO QUIT (without a real good reason)
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #49107  
Old Dec 2, 2009 11:43pm
supremeChaos's Avatar
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Member Since Feb 2009
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Quote:
Originally Posted by joelcf View Post
price action trading is a branch of technical analysis
i thought this was a 'typo' or u simply put your finger on the space bar for too long
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  #49108  
Old Dec 2, 2009 11:44pm
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Member Since Feb 2009
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Quote:
Originally Posted by Dan Gilbert View Post
...
Also thank you for enjoying my pictures lol.... I find that making those actually help me learn.
i think many people learn from it too.
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  #49107  
Old Dec 2, 2009 11:43pm
supremeChaos's Avatar
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Member Since Feb 2009
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Quote:
Originally Posted by joelcf View Post
price action trading is a branch of technical analysis
i thought this was a 'typo' or u simply put your finger on the space bar for too long
__________________
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  #49108  
Old Dec 2, 2009 11:44pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
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Quote:
Originally Posted by Dan Gilbert View Post
...
Also thank you for enjoying my pictures lol.... I find that making those actually help me learn.
i think many people learn from it too.
__________________
Failure is the mother of success: learn from 'her'
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  #49184  
Old Dec 3, 2009 10:45pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
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Quote:
Originally Posted by shephrd View Post
Hey mbqb11,
Thanks for all of your great trading insights. In the Guest Material section of the James16 Group site, you did a great video. In this video you mention the possibility of making another video that goes into greater detail about your method of catching the beginning of a trend and successfully managing the trade...
which video are u referring to? he has several videos in the guest section..

from what i know, he has discussed trade mgmt. &/or trailing stops in several videos. he uses 2-bar trailing stop (manually done) or the BAT indicator (volatility-based stop indicator).

For sure, Sir Mike will respond anytime from now. so just be patient
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #49185  
Old Dec 3, 2009 10:58pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
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Quote:
Originally Posted by Musanto View Post
James in this thread ,some where told how he spent his day.
He use smaller tf and trade UJ, using price action.
I wonder, how he do this,
when I ask about this, always told this is not a beginner.
yeah, I know (been years, since I asked that)
but.. after all this year, J16 group exist.
I see no one here (maybe in pf too)
trade on 1 pair in the smaller tf live.
Some one address me to a other thread please,
if there is any....
Hello Sir, fellow Asian!

if i may, i will try to rephrase/translate what u've said: (please let me know if i understood u correctly)
most people here trade & post higher TF charts & trade many pairs.

u are curious if there are people (u have not seen one) who trade using james16 method, trade live, & trade only 1 pair; & u are looking for a thread, if there is any, that fits these 3 criteria.. at the same time, u seem to be aware that trading james16 method on lower TF (H1 & below) are not for beginners.


i think there maybe few traders out there who trade only 1 currency pair. Sir PeterFM may be one.
Since we try to be very picky in our trades using the james16 method, we can decide to look at/monitor several pairs to pick the best setups. there's is nothing wrong at looking at & trading only 1 pair: FOCUS is 1 ultimate benefit from doing this.
__________________
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  #49191  
Old Dec 4, 2009 12:01am
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Member Since Feb 2009
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Quote:
Originally Posted by Musanto View Post
I wonder why in this thread people still jumping between pairs, tf and not focussing trade on one pair and one smaller tf like m5 like James.
Why still no progress ,after all this year I see no one here trade in m5 ?
...
Like i said, it's ok for anyone to trade just 1 pair. it is a trader's personal choice to trade 1 or more pairs.
several people trade M5 & other smaller TF's.

just to clarify, NOT Trading H1 & below TF's does not mean there is NO Progress. again, the timeframe/s to trade is a trader's personal choice.

u can check out Jankone's M5 thread. again, it (trading smaller TF's, in general) is not advisable for beginners/newer traders.
__________________
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  #49196  
Old Dec 4, 2009 1:54am
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Member Since Feb 2009
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Quote:
Originally Posted by hendrix View Post
Hi guys,
...
I'm familiar with the price setups and everything but I wonder if in the meantime (like 8 months or so) anything new was added to the original method?
I hope not. But I'm just curious...
Greetings Sir

i believe the original method has stayed the same: it's universal & flexible.

"minor" (possibly non-relevant) changes could be the following:
-more traders reading the thread & learning from it
-several people have 'adopted' the use of RSI6 for divergence detection ("propagated" by Ryanmcd); Jankone took it further by focusing on it (along with MA's & Bollinger Band) as seen in his M5 thread (which i mentioned in my previous post).

__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #49197  
Old Dec 4, 2009 2:20am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
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Quote:
Originally Posted by atclarkson View Post
...
Also... thoughts on the Indexes showing BEOBs? (Chart is S&P500 Future)
BEOB with Divergence. Recent High. Counter Trend. Maybe see trouble at pink (really close) but could get to orange before seeing trouble.
Not taking it (counter trend breaks my rules) but interested in another point of view.
just some 'quick' thoughts.. looking exclusively at your chart

pretty nice divergence. a bigger BEOB is preferable, though.

taking into account the holiday season &/or low(?) liquidity, we may start ranging towards the orange line, towards the pinbar (5bars ago), or towards the red(?) MA

alternative scenario could be price goes to new highs (higher than that posted chart's highs; possibly a newer high with further divergence on that MACD) or break below the red & white MA's, possibly due to low(?) liquidity at these times.
__________________
Failure is the mother of success: learn from 'her'
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  #49184  
Old Dec 3, 2009 10:45pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by shephrd View Post
Hey mbqb11,
Thanks for all of your great trading insights. In the Guest Material section of the James16 Group site, you did a great video. In this video you mention the possibility of making another video that goes into greater detail about your method of catching the beginning of a trend and successfully managing the trade...
which video are u referring to? he has several videos in the guest section..

from what i know, he has discussed trade mgmt. &/or trailing stops in several videos. he uses 2-bar trailing stop (manually done) or the BAT indicator (volatility-based stop indicator).

For sure, Sir Mike will respond anytime from now. so just be patient
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
Reply With Quote
  #49185  
Old Dec 3, 2009 10:58pm
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Musanto View Post
James in this thread ,some where told how he spent his day.
He use smaller tf and trade UJ, using price action.
I wonder, how he do this,
when I ask about this, always told this is not a beginner.
yeah, I know (been years, since I asked that)
but.. after all this year, J16 group exist.
I see no one here (maybe in pf too)
trade on 1 pair in the smaller tf live.
Some one address me to a other thread please,
if there is any....
Hello Sir, fellow Asian!

if i may, i will try to rephrase/translate what u've said: (please let me know if i understood u correctly)
most people here trade & post higher TF charts & trade many pairs.

u are curious if there are people (u have not seen one) who trade using james16 method, trade live, & trade only 1 pair; & u are looking for a thread, if there is any, that fits these 3 criteria.. at the same time, u seem to be aware that trading james16 method on lower TF (H1 & below) are not for beginners.


i think there maybe few traders out there who trade only 1 currency pair. Sir PeterFM may be one.
Since we try to be very picky in our trades using the james16 method, we can decide to look at/monitor several pairs to pick the best setups. there's is nothing wrong at looking at & trading only 1 pair: FOCUS is 1 ultimate benefit from doing this.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
Reply With Quote
  #49191  
Old Dec 4, 2009 12:01am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by Musanto View Post
I wonder why in this thread people still jumping between pairs, tf and not focussing trade on one pair and one smaller tf like m5 like James.
Why still no progress ,after all this year I see no one here trade in m5 ?
...
Like i said, it's ok for anyone to trade just 1 pair. it is a trader's personal choice to trade 1 or more pairs.
several people trade M5 & other smaller TF's.

just to clarify, NOT Trading H1 & below TF's does not mean there is NO Progress. again, the timeframe/s to trade is a trader's personal choice.

u can check out Jankone's M5 thread. again, it (trading smaller TF's, in general) is not advisable for beginners/newer traders.
__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
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  #49196  
Old Dec 4, 2009 1:54am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by hendrix View Post
Hi guys,
...
I'm familiar with the price setups and everything but I wonder if in the meantime (like 8 months or so) anything new was added to the original method?
I hope not. But I'm just curious...
Greetings Sir

i believe the original method has stayed the same: it's universal & flexible.

"minor" (possibly non-relevant) changes could be the following:
-more traders reading the thread & learning from it
-several people have 'adopted' the use of RSI6 for divergence detection ("propagated" by Ryanmcd); Jankone took it further by focusing on it (along with MA's & Bollinger Band) as seen in his M5 thread (which i mentioned in my previous post).

__________________
Failure is the mother of success: learn from 'her'
if it is to be, it's up to me
Reply With Quote
  #49197  
Old Dec 4, 2009 2:20am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
Default

Quote:
Originally Posted by atclarkson View Post
...
Also... thoughts on the Indexes showing BEOBs? (Chart is S&P500 Future)
BEOB with Divergence. Recent High. Counter Trend. Maybe see trouble at pink (really close) but could get to orange before seeing trouble.
Not taking it (counter trend breaks my rules) but interested in another point of view.
just some 'quick' thoughts.. looking exclusively at your chart

pretty nice divergence. a bigger BEOB is preferable, though.

taking into account the holiday season &/or low(?) liquidity, we may start ranging towards the orange line, towards the pinbar (5bars ago), or towards the red(?) MA

alternative scenario could be price goes to new highs (higher than that posted chart's highs; possibly a newer high with further divergence on that MACD) or break below the red & white MA's, possibly due to low(?) liquidity at these times.
__________________
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  #49273  
Old Dec 5, 2009 8:35am
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Borderline yahoo & oh-no!
 
Member Since Feb 2009
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Quote:
Originally Posted by KissFan View Post
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.
which of the bikes will/did u use?


Quote:
Originally Posted by KissFan View Post
...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...
very nice Kiss, u are passing it along!
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  #49274  
Old Dec 5, 2009 8:38am
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Member Since Feb 2009
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Quote:
Originally Posted by raczekfx View Post
no, I live in a cave, but saving for new koenigsegg
... new?
got a pic of the old one?




Quote:
Originally Posted by raczekfx View Post
...got a landing strip?
hahahahh.... nice entry!
bet u'll land around the 61.8 of that landing strip.. hihihih
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  #49273  
Old Dec 5, 2009 8:35am
supremeChaos's Avatar
Borderline yahoo & oh-no!
 
Member Since Feb 2009
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Quote:
Originally Posted by KissFan View Post
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.
which of the bikes will/did u use?


Quote:
Originally Posted by KissFan View Post
...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...
very nice Kiss, u are passing it along!
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  #49274  
Old Dec 5, 2009 8:38am
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Quote:
Originally Posted by raczekfx View Post
no, I live in a cave, but saving for new koenigsegg
... new?
got a pic of the old one?




Quote:
Originally Posted by raczekfx View Post
...got a landing strip?
hahahahh.... nice entry!
bet u'll land around the 61.8 of that landing strip.. hihihih
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  #49321  
Old Dec 7, 2009 8:14am
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Quote:
Originally Posted by mattfx View Post
A Christmas Poem for J16 Traders
..
my tongue twister(?) reply:
wow, a talented trader with another talent.
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  #49321  
Old Dec 7, 2009 8:14am
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Quote:
Originally Posted by mattfx View Post
A Christmas Poem for J16 Traders
..
my tongue twister(?) reply:
wow, a talented trader with another talent.
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  #49367  
Old Dec 8, 2009 7:17am
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Quote:
Originally Posted by atclarkson View Post
I got that fancy new 8gb quad core computer... might have to see how it handles it :P
are u trying to make us jelly jealous?
as u know, u dont need a super fast PC to trade... so, maybe u can donate 2gb to me, lol
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  #49367  
Old Dec 8, 2009 7:17am
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Quote:
Originally Posted by atclarkson View Post
I got that fancy new 8gb quad core computer... might have to see how it handles it :P
are u trying to make us jelly jealous?
as u know, u dont need a super fast PC to trade... so, maybe u can donate 2gb to me, lol
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  #49506  
Old Dec 10, 2009 1:45am
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Quote:
Originally Posted by PeterPan View Post
...
are there minimum requirements that the laptop should have
dont forget a good enough internet connection
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  #49507  
Old Dec 10, 2009 1:47am
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Quote:
Originally Posted by aserbfx View Post
terima kasih!
Quote:
Originally Posted by marcelnyo View Post
paused a moment...
sama sama... I guess... LOL.
fellow Asians,

in our language...
kasi = because
sama sama = together
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  #49508  
Old Dec 10, 2009 2:19am
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Quote:
Originally Posted by Pip Pride View Post
....
I look forward to learning and demo-ing the J16 method over the next few months...
We look forward to it too
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  #49509  
Old Dec 10, 2009 2:20am
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Quote:
Originally Posted by TiaForex View Post
I personally have one 19 inch screen and a 5 year old PC. .. Eventually I will graduate to 5-6 screens and a faster PC...
I personally will be waiting for this setup to materialize
Keep us posted..
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  #49511  
Old Dec 10, 2009 2:30am
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Quote:
Originally Posted by perch View Post
nasir.khan wondering if you recieved the p.m's I sent?
he's from a different country, so try to post/PM him at an "unusual" time. & he is either busy or having an early Christmas or vacation
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  #49513  
Old Dec 10, 2009 2:37am
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Quote:
Originally Posted by zoli View Post
..
This pin is happening around the 50% level. No downside progress since. EJ managed to go lower a bit though. Would this be a valid set up?
Hey zol, is this an MT5 H3 chart?
i havent checked charts, so looking exclusively at yours.. (& this reply is pretty late too, LOL)
that pin seemed to have not been triggered yet. but it seems to be sitting right below/at 88.00 (seems like looking at your chart)?
if ever this pin triggered, it has a possible immediate resistance (bar lows) around 88.20. above 88.70-ish, traffic may occur at 89.00, 89.70-90.00
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  #49514  
Old Dec 10, 2009 2:41am
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Quote:
Originally Posted by icarusfx View Post
morning supreme, look like its just us atm.... how your trading going atm?
Good morning Sir,
no trading for me. i have just recently moved house, & still unpacking.
(I unpacked my PC first LOL)
just reading posts & threads, & looking at charts.

are u from Europe? probably most traders are already on vacation..
Hopefully your trading is going well
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  #49517  
Old Dec 10, 2009 3:10am
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Quote:
Originally Posted by icarusfx View Post
yeah i'm from the uk, my little boy is my alarm so i'm up and charting from 6 am ish lol works great for me....
hope your house move went ok... i really didn't enjoy mine afew years back! good luck unpacking and finding everything again lol
u mean the little boy cry alarm?
thanks Sir, i'm gonna need it, as i have amnesia & a malnourished brain
Good luck with your trading


EDIT: that usdcad chart looks like another tight-winding toothpaste, LOL
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  #49518  
Old Dec 10, 2009 3:16am
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Quote:
Originally Posted by nasir.khan View Post
Hey mike this one looks ugly right???
thanks for the chart nasir, as i had a related post just above for zoli.
btw, check perch's post above, it's for u
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  #49506  
Old Dec 10, 2009 1:45am
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Quote:
Originally Posted by PeterPan View Post
...
are there minimum requirements that the laptop should have
dont forget a good enough internet connection
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  #49507  
Old Dec 10, 2009 1:47am
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Quote:
Originally Posted by aserbfx View Post
terima kasih!
Quote:
Originally Posted by marcelnyo View Post
paused a moment...
sama sama... I guess... LOL.
fellow Asians,

in our language...
kasi = because
sama sama = together
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  #49508  
Old Dec 10, 2009 2:19am
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Quote:
Originally Posted by Pip Pride View Post
....
I look forward to learning and demo-ing the J16 method over the next few months...
We look forward to it too
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  #49509  
Old Dec 10, 2009 2:20am
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Quote:
Originally Posted by TiaForex View Post
I personally have one 19 inch screen and a 5 year old PC. .. Eventually I will graduate to 5-6 screens and a faster PC...
I personally will be waiting for this setup to materialize
Keep us posted..
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  #49511  
Old Dec 10, 2009 2:30am
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Quote:
Originally Posted by perch View Post
nasir.khan wondering if you recieved the p.m's I sent?
he's from a different country, so try to post/PM him at an "unusual" time. & he is either busy or having an early Christmas or vacation
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  #49513  
Old Dec 10, 2009 2:37am
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Quote:
Originally Posted by zoli View Post
..
This pin is happening around the 50% level. No downside progress since. EJ managed to go lower a bit though. Would this be a valid set up?
Hey zol, is this an MT5 H3 chart?
i havent checked charts, so looking exclusively at yours.. (& this reply is pretty late too, LOL)
that pin seemed to have not been triggered yet. but it seems to be sitting right below/at 88.00 (seems like looking at your chart)?
if ever this pin triggered, it has a possible immediate resistance (bar lows) around 88.20. above 88.70-ish, traffic may occur at 89.00, 89.70-90.00
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  #49514  
Old Dec 10, 2009 2:41am
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Quote:
Originally Posted by icarusfx View Post
morning supreme, look like its just us atm.... how your trading going atm?
Good morning Sir,
no trading for me. i have just recently moved house, & still unpacking.
(I unpacked my PC first LOL)
just reading posts & threads, & looking at charts.

are u from Europe? probably most traders are already on vacation..
Hopefully your trading is going well
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  #49517  
Old Dec 10, 2009 3:10am
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Quote:
Originally Posted by icarusfx View Post
yeah i'm from the uk, my little boy is my alarm so i'm up and charting from 6 am ish lol works great for me....
hope your house move went ok... i really didn't enjoy mine afew years back! good luck unpacking and finding everything again lol
u mean the little boy cry alarm?
thanks Sir, i'm gonna need it, as i have amnesia & a malnourished brain
Good luck with your trading


EDIT: that usdcad chart looks like another tight-winding toothpaste, LOL
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  #49518  
Old Dec 10, 2009 3:16am
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Quote:
Originally Posted by nasir.khan View Post
Hey mike this one looks ugly right???
thanks for the chart nasir, as i had a related post just above for zoli.
btw, check perch's post above, it's for u
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  #49682  
Old Dec 14, 2009 1:16am
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Quote:
Originally Posted by scott087 View Post
I was considering this setup, but there are a few bar lows and a ppz right above around the 1.73 area....
i dont trade this pair, but here's my view (looking exclusively at your chart & Dan's)

since i share the same view as above, i think price needs to push through 1.73 with a lot of momentum if it really wants to go up.
upside traffic seem to be the small rectangle on your chart, then around 1.7650 - 1.7750/1.7800 (bar lows/highs right around the blue MA).

the scenarios i see here:
- if 1.7300 holds, we range below it or go down further
OR
- price push past 1.73, price ranges within 1.7300 - 1.7550 zone or the wider 1.7300 - 1.7700/1.7900 zone before deciding to go up past 1.79 or down past 1.73. but looks like a +/-1.7000 more than a +/-1.8000 in the future.
just my view. let's see.. go gbpcad!
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Last edited by supremeChaos, Dec 14, 2009 1:36am Reason: word
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  #49683  
Old Dec 14, 2009 1:26am
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Quote:
Originally Posted by wh1zz0 View Post
Hope you guys see this??
Hidden bullish divergence on GU H4 plus BUOB. Then we have a nice trend line on the daily. ...
the hidden bull. div. might be too far to be considered now.
on the other hand, there seems to be a bullish divergence on your first chart (found at the extreme right of the chart, 'double bottom' around 1.6200).
just pointing it out.

Cheers
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  #49792  
Old Dec 16, 2009 1:22am
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Quote:
Originally Posted by james16 View Post
i can only guess..ld do that but remember there is a weekly chart also that she may be looking at.
Im a bit surprised u are still posting these days, Sir.
what can i say, good people often do unexpected things.

Sir mbqb11 is doing a terrific job too.
Thank you as always!
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  #49795  
Old Dec 16, 2009 1:50am
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Quote:
Originally Posted by Cyrus View Post
... "I dont really like my work. It's boring after awhile. It's like playing the same computer game again & again".
Selah...


so u like driving & video games, huh?
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  #49796  
Old Dec 16, 2009 2:02am
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Quote:
Originally Posted by pavulon2007 View Post
this is such a great place to learn something useful, ...
very nice post Sir!

Quote:
so the bottom line is :...
- if one is in control on earning ability, one is in control of the saving's ability
if i understood this correctly..
this is true but not necessarily always the case, imho.
some people are good at the former, but weak at the latter (good earner but massive spender) or vice versa (weak earner but proficient saver)

Quote:
..but i have had some ambivalent thoughts lately about reading this thread as a... daily newspaper.....it is better to stop reading this thread at all after one grasps the essence of it, cause the rest is just practice and perseverance...
imho, this is 1 way of looking at/doing it. if u feel comfortable with this, then do it. doing this will eliminate the uncertainty currently in your head.

what keeping up to date of this thread does:
-constantly present/provide trade examples
-constantly present views of several traders, new & old
-constantly present/provide tips, insights u might be interested in & might not be aware of prior your "lurk & trade" mode; among other things
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  #49804  
Old Dec 16, 2009 5:09am
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Quote:
Originally Posted by dobe_r_man View Post
Here is a pic of the new addition to the family on December 21st.
doberman, rottweiler or lab?
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  #49825  
Old Dec 16, 2009 11:36am
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Quote:
Originally Posted by raczekfx View Post
how about this scenario:
1.44pf, 1.48xx and then... 1.42 ?
.
looks/sounds ominous
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  #49826  
Old Dec 16, 2009 11:40am
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Quote:
Originally Posted by dobe_r_man View Post
Absolutely and very protective of them.
damn healthy & shiny coats.

Quote:
Originally Posted by aserbfx View Post
i don't want to turn this into a dog-thread
but here's mine. unfortunately he died at the the age of 3 due to cancer.
first pic was at athe age of 9 months, second with 2 years.
wow, lab! nice color!
what color is that called?

i believe we should reserve these types of posts for the weekends. but u might get away with it since it's the holidays & people inactively post now
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  #49831  
Old Dec 16, 2009 11:51am
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Quote:
Originally Posted by benji533 View Post
...
I thought by trading the news you actually enter after the announcement..or.. ..
hey benji, im a bit surprised u are still up. what time is it in your place?

u can enter way before the announcement.. so as to get in at a better price.
or after the announcement, if price reached a very good price.
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  #49833  
Old Dec 16, 2009 12:03pm
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Quote:
Originally Posted by benji533 View Post
Hey my friend...It's 6:55PM here, Israel time, Hanukkah holiday ..
I see, thanks for confirming. so it's still pretty early.
Happy Hanukkah! (is that how u 'say' it?)
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  #49848  
Old Dec 16, 2009 1:27pm
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Quote:
Originally Posted by raczekfx View Post
you like jumping the gun, don't you...
Oh, you young bloods....
give you S&W, you ask for tavor, give you the tavor you ask for merkava..
.
merkava? battle tank!

Merkava Mark I, MarkII, Mark III, MarkIV.. wow, coincidence/confluence
en.wikipedia.org/wiki/Merkava
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Last edited by supremeChaos, Dec 16, 2009 2:02pm Reason: corrected the link
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  #49931  
Old Dec 17, 2009 5:47am
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Quote:
Originally Posted by nickypon View Post
Ive put an order in for this usd/cad 4hr pin, waiting for the break of the low.
Quote:
Originally Posted by nickypon View Post
working off the trendline on the daily chart
looking exclusively at your chart, that H4 pin seem to be heading straight into traffic/bar highs (H4 chart) around 1.0650ish. & this H4 pin formed prior a big bull candle. furthermore, this H4 pin looks like a test of that trendline: look how it stopped/closed above that trendline (big bull candle broke the trendline, pin tested the trendline).
the daily chart seem to reinforce a bullish bias.

just one way to look at it.
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  #49932  
Old Dec 17, 2009 5:50am
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Quote:
Originally Posted by Liger86 View Post
looks like one of those trendlines that gets broken easy. Ready for a scalp.
trendlines like these on higher TF's are not just scalp trades.
this H1 trendline may even produce not just 'scalp pips'.
But let's see..

EDIT: this particular trendline is called 'comb' by Sir Igrok. if interested, he has a thread here.
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Last edited by supremeChaos, Dec 17, 2009 6:34am Reason: added info
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  #49933  
Old Dec 17, 2009 6:04am
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Quote:
Originally Posted by ekling View Post
Im thinking of how i should manage this trade. I went short right after the break of that bearish pinbar. Im currently up 100+ pips, stop at BE and a little more then 1:1R. Do you think this one could be a runner?
...
Quote:
Originally Posted by triger88990 View Post
...seems that as more we close to holidays, markets movement are so full with surprise...
anyway if you look on the daily we are stuck in some range until we have a close below/above it could go either way...
had a quick look at my charts..
here's my view.

i have a downside bias on this. (have been bearish gbp for a while, heheh)
ekling, do u have 2 or more positions on this? demo or live?
may or may not be a runner.
if price stays below 1.61 (noticed earlier that it just broke 1.61), possible destinations 1.58/1.57, 1.53, 1.49/1.50
TAKE A LOOK at the WEEKLY chart: if u put a 365ema & 200ema on, u will notice that it's the first time the 200ema has been below 365ema since May2000. not good


this is the first december that i had a 'good' look at charts (compared to previous years; completely no trade for December for me this year, just watching). seems like even on holidays, with or without whipsaws/lack of liquidity, price respects S/R, PPZs. at least, that's what i've noticed.
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  #49936  
Old Dec 17, 2009 6:19am
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Quote:
Originally Posted by MattW View Post
Quick Poll for you guys:
BUOB/BEOB - enter on the break, or enter at the 50% retrace?
Disclaimer: Yes, I know it's up to each individual trader and there is no right answer..
i think it depends more on the situation than the trader.
there are instances when a BEOB/BUOB breaks & doesnt look back, hence no chance for an entry via a 50%retracement. happens too with pins, IB's (that is, price not looking back/not retracing)
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  #49941  
Old Dec 17, 2009 7:04am
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Quote:
Originally Posted by MattW View Post
That makes a lot of sense but then that leads to 'how can you tell'?...
how can u tell if a BUOB/BEOB will be a runner at the onset or if it will retrace?
well, u cant 100% tell. BUT u can react accordingly or make assumptions as to what price will do or which direction it will take.
knowing the price trend or the direction price will likely take helps a lot in this case.

Let's use our imagination a bit more
here is a situation on the top of my head where we'll tackle both entries (BUOB/BEOB break or 50% retracement):

assuming the trend/bias is up
say we have a double bottom (or a consolidation), BUOB formed with
a. several bar highs immediately to the left (of BUOB)
or
b. BUOB right below round number
BUT plenty of space above these bar highs.

here price may shoot up but encounter resistance around the bar highs [or at the round number], so price shies away then price pushes down for a retrace. in this case, u can wait for PA/confluence around 38 - 61.8 Fib retracements. knowing the direction to be up, gives u confidence (& excitement to enter at a discount ) to enter on this retracement.

alternatively, u can put a buy stop above the bar highs [or above the round number; NOTE: an entry based on break & retest of bar highs or round number is a different topic] if u want to play this BUOB off its break. (u may decide to do this if u are concerned that a buy stop directly above the BUOB will head straight to resistance -- the immediate bar highs.


NOTE: i got to run.. have some errands but hopefully this makes sense to u & i answered your question clearly
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  #49951  
Old Dec 17, 2009 7:50am
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Quote:
Originally Posted by smilee89 View Post
Here are my 2 cents:
Once theres is OB (outside bar), you must wait for a newer bar to close outside the OB's high/low.
If the close is above the OB - LONG
If the close is below the OB - SHORT

....
if i understood the above correctly, seems like a mechanical way of trading it.

but it's not that easy, imo. pertinent factors to consider are still location, S/R, PPZ, PA.
for example, BUOB heading into immediate resistance.
using the "rule" 'If the close is above the OB - LONG', u will completely blindly put a long position. but if u consider Location or S/R as an added factor (or 'filter', if u will), then u would've have second thoughts putting a long here at that instant, possibly saving u from a risky trade.

Hope this helps
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  #49954  
Old Dec 17, 2009 7:54am
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Quote:
Originally Posted by PeterPan View Post
....
I have not been able to plot pivot lines on my MT4. Wonder if anyone of you guys would be patient enough to take me through their set-up (please be informed I'm a total loss with IT)?

I have managed to import the AutoPivotIndicatorMQ4 but when I drag it onto the charts nothing happens.
Hey P,
is it really AutoPivotIndicatorMQ4 or AutoPivotIndicator.MQ4 ?
did u save it into your indicators folder?

if u can, kindly narrate to us the step by step process u took in copying the indicator into your MT4
this may help facilitate the solution to your situation
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  #49956  
Old Dec 17, 2009 7:56am
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Quote:
Originally Posted by aserbfx View Post
TL and divergence on eur/gbp. something to short?
got no charts now, but..

possibly not necessarily.
u may want to wait for a PA before shorting.
any other confluence? PPZs, S/R etc
also, your MACD looks to have some more upside momentum.

Hope this helps
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  #49957  
Old Dec 17, 2009 8:00am
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Quote:
Originally Posted by Bee3a View Post
I'm new here as I'm new to forex.....
I'll take the stairs instead of the lift and climb step by step.. ..
Glad u are taking the stairs.

some of us, including me, tried to hop or rode a bicycle/motorbike up those stairs



Good luck!!!!!! never stop learning!
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  #49958  
Old Dec 17, 2009 8:02am
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Quote:
Originally Posted by TiaForex View Post
....but learning to be okay with being wrong is a key part of being a trader IMO.
just to add, if i may,
learning/knowing why it went wrong (in addition to knowing why it went right & being okay with being right) is too
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  #49959  
Old Dec 17, 2009 8:06am
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Quote:
Originally Posted by smilee89 View Post
I appreciate your idea, but I think that for every example (on a chart) you give me, I will give an example of my idea.
I think it is like 50/50 between your idea and mine.
Sure no worries.
sometimes mechanical rules work,
sometimes a discretionary way of trading is called for.

btw, it's not my idea. majority of what i know/learned came from this thread & some other threads here.
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  #49966  
Old Dec 17, 2009 8:49am
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Quote:
Originally Posted by PeterPan View Post
Hi Supreme it is the AutoPivotIndicator.MQ4. When I carry it onto the chart it opens a window called custom indicator - AutoPivotIndicator.MQ4 . And then nothing happens.
....
im not sure if i have this indicator in the other computer...
anyway, maybe u should adjust some settings first before it works.
or that is a non-working/old/'bugged' version of an indicator.

or u can wait for other suggestions to come here.

Quote:
It is in the custom indicators folder
yes, it is in the correct folder
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  #49993  
Old Dec 17, 2009 10:54am
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Quote:
Originally Posted by dobe_r_man View Post
...
Mike, how did you get so smart?
Simple.
by barking at the right tree & having a great trainer.



NOTE: i often respond to dobe_r_man in such a way that my posts/replies relates to canines.
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  #49996  
Old Dec 17, 2009 10:58am
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Quote:
Originally Posted by KissFan View Post
Geeze! I need multiple monitors.
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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  #50008  
Old Dec 17, 2009 11:50am
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Quote:
Originally Posted by Disney09 View Post
...
in all the reading of this thread over months, i was wondering if anyone does the following:
INstead of putting your stop to break even, do break even plus 1 or 2 pips.
....
Hello!
if u are comfortable with it, why not?
YOUR trading is about YOUR thoughts & about what YOU are comfortable with.

BE + x : i do this.
mostly on lower TF trades (H1 & below).
but what i do is BE + 5 up to 20 or so, depending on what price does & how price is behaving at that moment.

if u are on capital growth mode like me, u can do this (BE + x) or
take full profit at first S/R or PPZ or
have a set TP or
have 2 or more positions to take advantage of runners.

having said that, u will notice that there are instances when a stop at BE gets hit less often than a stop at BE + x. in other instances it's the opposite.

again, after all's been said, it goes back to YOU

Hope this helps
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  #50015  
Old Dec 17, 2009 12:39pm
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Quote:
Originally Posted by alifari View Post
Hi,
I noticed this repeated price pattern on EUR/USD 4 hour chart. This is good example of breakout & consolidation...
Quote:
Originally Posted by BoYan View Post
..(eur$ daily chart)..
following the theme of alifari's post...
it's nice to look at eur$ H4 & the daily chart, to see how PA formed in the other timeframe (in this case, consolidations on H4 were IB's on Daily)
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  #50066  
Old Dec 18, 2009 8:50am
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Quote:
Originally Posted by ekling View Post
I decided to keep my short trade open and let it run for a while because i think it has potential to drop more. This pullback to the trendline and forming of a pinbar was exactly what i wanted to see...
Awesome.... very nice!
try to manage the trade well.... & Kill gbp
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  #50068  
Old Dec 18, 2009 9:02am
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Quote:
Originally Posted by Forex007 View Post
Dan, what determined that specific level for your touch trade? I.e. why not 3-5pips above or below it, where there were some strong prior Highs/Lows too?
if i may...
probably it's just arbitrary/discretionary on his part.
based on those prior lows/highs.

"OFF-answer": if u plot a Fib from 1.7015 to 1.6860ish (right-hand side of chart), probably there's a Fib confluence too.

Hope this helps


EDIT: Looks like Dan is now online... =)
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  #50069  
Old Dec 18, 2009 9:07am
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Quote:
Originally Posted by djmanu View Post
Very nice but too many trendlines for my taste
It's ok, it's normal.
we all have different taste buds
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  #50070  
Old Dec 18, 2009 9:21am
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Quote:
Originally Posted by triger88990 View Post
Just finished reading...
hope that on christmas market will be close otherwise some people will miss the joy of christmas ...
no trades for me this december.
on vacation, but i continue reading posts as much as my current-choppy internet connection allows me

I enjoy reading & learning amidst this joyous season...
Absolutely no regret.
in fact, a few days from now i plan to re-read posts & review the free videos. doing this helps to cement in my mind the things that we learn here. Repetition is vital to our success.


Happy Holidays & see u next year
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  #50089  
Old Dec 18, 2009 12:18pm
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Quote:
Originally Posted by rustyjeff View Post
...
Dont forget the daily...
yes I trade intraday. but my core trading is all based on the daily & weekly time frame...
Jeff,
nice to see u pop in today Sir.
with charts to boot
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  #50150  
Old Dec 20, 2009 11:13pm
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Quote:
Originally Posted by Scot Pippin' View Post
Just wondering how many J16'ers use Fib extensions for profit targets or....
not really sure, but u might wanna check out SeekingLight or traderathome's posts.
btw, fib expansion & fib extension may be interchangeable or interrelated (do verify this)
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  #50154  
Old Dec 21, 2009 12:02am
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Quote:
Originally Posted by phpscott View Post
...Just watch me enter a slump now.
Hey Scott,
a small 'retracement', perhaps.... in a long but slow uptrend?

Think positive!
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  #50155  
Old Dec 21, 2009 12:03am
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StoragePro,
online

in case u'll be out again for a few months... Happy Holidays
(if possible, post your pics in Kauai )
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  #50159  
Old Dec 21, 2009 1:22am
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Quote:
Originally Posted by StoragePro View Post
Damn Internet Spies....
...
..
Nyahahaha...
Thanks!

are those personal pics or internet pics?
Thanks for sharing!

nice trading (james16 method) + nice place (like Kauai) = living paradise
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  #50160  
Old Dec 21, 2009 1:27am
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Quote:
Originally Posted by BullsAndBear View Post
... Ive been watching J16 vids last few hours in the guest area of his website. Is there like unlimited material in the members area....
Hello...
from what i've heard, from posts here & PM (some J16 PF members), there are tons of videos & 'articles'.
personally, i like that & look forward to it once i join...
hopefully next year.
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  #50165  
Old Dec 21, 2009 4:20am
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Quote:
Originally Posted by Cyrus View Post
....
This subtle shift in psychology is doing me wonders.
Paradigm shift
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  #50166  
Old Dec 21, 2009 4:25am
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Quote:
Originally Posted by StoragePro View Post
Actually, give me the South of Spain. Nice weather, nice standard of living, and I get to trade TWO market opens in the course of a normal day...
South of Spain, that is the ticket for me.
...
sounds like your next destination

u might wanna consider our place:
nice weather, cheap cost of living, wide array of living standards, u get to trade 3 or more market opens (most particularly Frankfurt, London & New York opens; Europe open is just 2hours after lunch; NY open is right around dinner time)
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  #50170  
Old Dec 21, 2009 6:57am
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Quote:
Originally Posted by zoli View Post
Dear All,
I think this is it for me for 2009. I came a long way till here and this is still nowhere. I will recollect all I read and learned this year and can start 2010 fresh. I know I did not contribute extremely much to the thread and for that I apologize. My new years resolution is really to make the effort to share thoughts not only to acknowledge them and write down to myself.
...
Nothing to apologize for.
most of us here learn first, share next.
Happy Holidays & See u in 2010!
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  #50171  
Old Dec 21, 2009 6:59am
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Quote:
Originally Posted by Forex007 View Post
Rac, just curious why on that chart you drew both Up and Down TLs using Highs?....
if i may guess..
must be related to detecting divergences &/or
using line on close charts
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  #50285  
Old Dec 22, 2009 8:57pm
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Quote:
Originally Posted by benji533 View Post
...where can I find a dollar index chart for MT4 (any broker..demo)?...
Hello Benji,
u can try WHC/Broco, Windsor & Alpari RU (Russia).
all MT4s.


Quote:
Originally Posted by desperate View Post
...
try this mt4 (SIG MT4)...
u must be referring to the LFX Index.
it's a bit different from the $ Index, i think it's SIG's 'own' index (it has EUR LFX, GBP LFX, JPY LFX etc)
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  #50288  
Old Dec 22, 2009 9:04pm
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Quote:
Originally Posted by joelcf View Post
But the south of Spain means you have easy access to El Bulli - I feel lucky this year! ...
i yield, we dont have that (there's another article in that page, "I dream of Spanish Cuisine").
i love Spain too... i 'prefer' Latinas.
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  #50290  
Old Dec 22, 2009 9:07pm
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Quote:
Originally Posted by supermatt View Post
sorry to bring this up again but i remember someone saying if people want to go in together to get multiple licenses for forex tester to try get it a bit cheaper?...
to help facilitate...
it was dmc, here.
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  #50296  
Old Dec 22, 2009 10:01pm
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Quote:
Originally Posted by StoragePro View Post
....
I don't know anyone who can calibrate themselves outside of the moment they are in....
if i understood that (phrase &) sentence correctly, I think that's possible, although not as often or as best as we would've wanted.
i believe some/many of us can do it &/or have done it before.
i believe one needs to be on another 'personal psychological level' to do this. it's sort of a 'psychological multitasking'.
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  #50299  
Old Dec 23, 2009 1:29am
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Quote:
Originally Posted by StoragePro View Post
Actually, give me the South of Spain.....
Quote:
Originally Posted by joelcf View Post
But the south of Spain means you have easy access to El Bulli - I feel lucky this year!..
Quote:
Originally Posted by StoragePro View Post
Hey now!!!! Don't be giving away big secrets! (El Bulli is on my list of places to go!)
Spain is the new France, gastronomically speaking...
a recent article...
"Ambrose Pitchard's (Telegraph) article quoted stats in Spain ' Spain's property bubble left an over-supply of 1.5m homes, the most concentrated glut in the world.' "

u might wanna go bargain hunting soon
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  #50364  
Old Dec 24, 2009 11:48pm
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Where is everybody?
Thank you to James, to the J16 Family, to the J16 thread.

Happy Holidays to all & God Bless!
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  #50433  
Old Dec 29, 2009 7:53am
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Quote:
Originally Posted by Booky View Post
Hi, this is my first post here...
I thinking a lot about issue I can not figure out...Jim says that newbies should stuck with 1D TF(that is great and I like that), but for me that means to stay up till 24:00 to see how "for ex. possible pin bar" closed...but with three kids and full time job, it's quite a challenge...
here, it says Slovakia is GMT + 1. correct?

here's a small list of brokers (different timezones).
u might wanna choose which broker u are comfortable with.

by the way, u dont have to watch charts & "wait for a pin bar to close".
u can set a price alarm & get u notified via text/SMS (cellphone) &/or email. i believe several here do this.

Happy Holidays Slovakia!
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  #50435  
Old Dec 29, 2009 8:12am
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Quote:
Originally Posted by Jams View Post
...
Is is possibile to setup the open and close in MT4?
im not sure i understand u clearly here.
but u cannot setup/change the open and close in MT4. u can, on the other hand, pick an MT4 broker that u want to use.
i have a list of brokers on my post above.
u can try & check it out.
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  #50437  
Old Dec 29, 2009 8:45am
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Quote:
Originally Posted by Hova View Post
Hi all yesterday was my first day demo(!) trading....
Im in Love with my MT4 plattform right now, because watching the charts is fun again...
Hello Hova!

it's the holidays, so the charts are not 'normal', because of the low liquidity.
so dont expect price to behave (as it has this week/month) similarly in the succeeding months.

also, i hope with 'fun', u mean u are enjoying learning & not necessarily referring to the pips u've just won. u should expect ups & downs, in terms of emotions &/or profits/losses until the time u achieve consistency in your personal trading..

just trying to be realistic..
Hope this helps, & looking forward to more posts from u!
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  #50499  
Old Dec 30, 2009 10:20am
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Quote:
Originally Posted by Pinnocchio_S View Post
Oh and obviously reduce position size given increased risk!
why not concentrate on the liquid/more liquid pairs?
or do u have a fetish for exotics?
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  #50502  
Old Dec 30, 2009 10:30am
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Quote:
Originally Posted by ghous View Post

You crack me up man...
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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  #50504  
Old Dec 30, 2009 10:33am
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KissFan,
Happy New Year to you too Sir! & to everyone
(got to keep my hands intact so i can ride to the max, lol)
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  #50508  
Old Dec 30, 2009 10:40am
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Quote:
Originally Posted by Dan Gilbert View Post
... Health is a priority.
always is & should be.
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  #50515  
Old Dec 30, 2009 10:54am
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Quote:
Originally Posted by ghous View Post
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......
EDIT: OH...2 years to doomsday! YIKES
that's a different story... bad things happen to 'poor' countries (like ours) with good people, to put it lightly LOL

u talking of 2012? it's said to be a 'rebirth' rather than a doomsday, filled with catastrophes (typhoons, floods, etc) prior the 'big day' (due to planetary influences).
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  #50516  
Old Dec 30, 2009 11:01am
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Quote:
Originally Posted by dobe_r_man View Post
...
Honestly, I mean this in a positive way!
dont worry, i believe u.
in fact, i'll arrf arff (canine lingo: dog nodding/concurring) to that
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  #50564  
Old Dec 31, 2009 3:15am
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Quote:
Originally Posted by smallkuku View Post
hi ...do you guys use a broker that has a daily chart that closes on 12 midnight new york time?? or a daily chart that closes when new york trading time closes , which is around 5pm new york time ?
some senior traders here & within FF prefer the 5pm NY close as 'the close'. in line with that, u can use MT4 brokers with the said 5pm close like FXPro etc

see the list here or here.
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  #50592  
Old Jan 2, 2010 2:13am
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Quote:
Originally Posted by packhorse View Post
Hi Guys,
...
Another problem is that I think I am putting too many s&r lines on my charts, ....
apart from what has been said, u can check out Blackeagle's posts starting from here.
hopefully this helps u further.
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  #50594  
Old Jan 2, 2010 2:28am
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LasVahGoose,
LOL. why is it creepy?
just a change of avatar. the new avatar is from a cartoon/anime (Naruto).

didnt mean to scare anyone.
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  #50596  
Old Jan 2, 2010 4:51am
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marcelnyo,
correct.
one person at home freaked out a bit too. another person thought it's Jollibee, a mascot of a homegrown fast food chain of the same name..
im slowly reading the manga but i like color so i watch the anime too.

New Year was ok (thanks for asking), but sadly preceded by some tragic accidents. Mayon Volcano almost erupted +/- Christmas/New Year
Hope u & everyone here had a great year-end. Let's look forward to a great year
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  #50599  
Old Jan 2, 2010 6:23am
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Hello Adam,
Welcome!

about your personal life.... dont worry too much about it. if she broke up with u, she's not meant for u/u dont deserve her (assuming u are on the right side of things).
be sure to read WHTenn's signature:
"My Girlfriend was feeling neglected and gave me an option.... her or the forex. Boy do I miss her"



Welcome , Good luck, & looking forward to more posts from u here
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  #50600  
Old Jan 2, 2010 6:26am
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Quote:
Originally Posted by marcelnyo View Post
...this year will be a pivotal year for my life, and trading career....
Marcel,
looks like a similar case for several other traders too.
Let's & do our best..!
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  #50636  
Old Jan 4, 2010 8:46am
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ninreznor,
Greetings! nice first post

this has been recently discussed. see here.
if necessary, check the time conversion here.

having said that, u can trade other daily bars (with different time o/c). that's the beauty of this method.

Good luck this 2010!!!
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  #50640  
Old Jan 4, 2010 9:44am
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Quote:
Originally Posted by raczekfx View Post
1hr pin, 4hr IB.... test of the previous 7 day low (almost)....
.
Happy New Year rac (cant get through your PM, as usual )
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  #50644  
Old Jan 4, 2010 10:05am
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Quote:
Originally Posted by raczekfx View Post
Same to you...
see you in... several weeks...
arent u enjoying too much?
ok, see u after your extended vacation Sir
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  #50648  
Old Jan 4, 2010 10:26am
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Quote:
Originally Posted by triger88990 View Post
...
have a question for you, 99.00 is reassonable for you in next months as we have already close above 38.2..
i think he's in & out quickly, as always

Crude oil??? @ 99.00?!
if i may..
i hope u didnt disregard the traffic/range (85.50ish - 99) on the left side of your chart. the low is around 85.50. hopefully we get a TON of resistance there (ideally much earlier, around 81/82 area, the recent weekly highs) & we drop down to the max, for our sake...
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  #50651  
Old Jan 4, 2010 10:44am
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Quote:
Originally Posted by raczekfx View Post
I'm looking for...
ooops... so he's still in...
now on lurk mode

i dont feel good about what u said (sounds scary ), but thanks for your insight Sir.
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  #50657  
Old Jan 4, 2010 11:50am
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Quote:
Originally Posted by packhorse View Post
Hi,
Can I please ask what s&r indicator you use on your charts..
if i may...
i believe he put those lines manually; they are not from an indicator.
S/R plotting is mainly taught in this thread.
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  #50701  
Old Jan 4, 2010 10:55pm
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Quote:
Originally Posted by ninreznor View Post
..Apparently MT4 doesnt have the capability to change the times to automatically show where the daily bars would close at 5pm EST. How do you get around this?...
yes, MT4 doesnt have that capability.

however, u can choose a MT4 broker that closes at a specific time.
in this case, if u want, say, a 5pm EST daily bar close, u look for a broker that closes at that time. visit again the 2 links i showed u earlier.

Cheers
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  #50707  
Old Jan 5, 2010 1:33am
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Quote:
Originally Posted by CyboRob View Post
Hello everyone,
... My stress level has been greatly reduced and I've recorded my first back to back to back weekly tallys in the black since I started trading.
..
it's awesome to hear that very early in 2010... Congratulations
hopefully, you'll post from now on & let us see how u do it
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  #50714  
Old Jan 5, 2010 3:38am
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Quote:
Originally Posted by ghous View Post
Not an obstacle Marcel but a certain motivating factor,
I've been longing to see pakis here at the thread sharing these pots of gold with me...
there are also very few traders from my place. i know of only lurkers here from my place...
i need motivation too
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  #50721  
Old Jan 5, 2010 4:09am
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Quote:
Originally Posted by ghous View Post
You need some to add in a couple of ff users in your tiny buddy list. ...
many lurkers from the Philippines are already in my list.
btw, i already 'spring cleaned' my buddy list this year-end. didnt u notice any difference? probably i'll reduce it again end-2010


Quote:
Originally Posted by joelcf View Post
Mike is like Chuck Norris - he doesnt sleep. He waits.
...
precisely why he's my idol. he's superman.
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  #50724  
Old Jan 5, 2010 4:22am
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Quote:
Originally Posted by nasir.khan View Post
don't delete the order.
Quote:
Originally Posted by djmanu View Post
Just added an order at round nr 147
what's your plan here?
short-term trade or not?

seems to me price is currently trapped in a 100ish pip range.
either 147 or 148 should be broken convincingly to "inject life" & make a resolution.
we may see 142 - 145 in a few days (if 147 area breaks with conviction). but Let's see what it does..

just my view
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  #50727  
Old Jan 5, 2010 4:36am
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Quote:
Originally Posted by Treefingers View Post
Reason I ask about Aussie is more to do with the fact that I only get a couple of hours in the evening i.e now 8pm to 10ishpm. Like many others I imagine I do long hours in my day job & have 2 young children so don't get much time to myself...
many here have a similar situation.
i believe some of them here wake up to a trading platform price alarm &/or have the alarm sent to their PDA/smartphone/email.

Hope this helps
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  #50728  
Old Jan 5, 2010 4:39am
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Quote:
Originally Posted by Scot Pippin' View Post
Alright first 2010 profit is in...
i like the way your charts & trades look identical (when u post them here), almost all the time...
keep pippin Scot Pippin'.. & happy+prosperous 2010
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  #50731  
Old Jan 5, 2010 4:55am
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Quote:
Originally Posted by joelcf View Post
I wont lie - it isnt easy
Most of the market action happens between London open (6pm) and NY close (7am). I generally dont finish work until late (7ish, although still here tonight! ), so I usually do any trading either in between 8pm and about 2am (also: insomnia isnt *all* that bad), maybe some sneaky trades while I am at work (or at least checking open trades)....
im curious..
how has insomnia affected your trading & health (since they're interrelated)?
how long have u been trading this way?
how's your nutrition (we know lack of sleep has a detrimental effect on us)? i presume u used nutrition to counterbalance this (lack of sleep).

Thanks from a used-to-be fellow insomniac trader!
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  #50738  
Old Jan 5, 2010 7:16am
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Quote:
Originally Posted by advfntrader View Post
...
whats the link for Aarons 4H journal ? is it price action based ?
if joel is referring to TiaForex... check his own thread (it was discontinued).
if it's not the one, then he must be referring to Aaron's journal inside the James16 PF.
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  #50746  
Old Jan 5, 2010 9:00am
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Quote:
Originally Posted by est1958 View Post
can we consider that it pinbar ---
yes, the open & close of the first & last bar is near each other (looking at your chart, the close seems to be below the open, making this a pinbar with a huge nose/tail).
having said that, dont make it difficult for yourself. consult an H4 chart & u will most likely have a 2-bar PB, no need to imagine if "9 bars will turn into/form a pinbar or not".
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  #50748  
Old Jan 5, 2010 9:10am
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Quote:
Originally Posted by KissFan View Post
Big battle going on now between 1.6 and 1.6050. ..
...
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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  #50750  
Old Jan 5, 2010 9:18am
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Quote:
Originally Posted by benji533 View Post
You're brave..
..
Ben, i think u saw these too
Name:  gj h4 jan5 2010.gif
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  #50752  
Old Jan 5, 2010 9:20am
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Quote:
Originally Posted by ppfx View Post
..when i woke up i saw that i was right about 3 out of 4 trades and i would gain about 200pips ... Im still angry about that...
it happens...
just get over it & be prepared next time.
& nice potential trades will wake u up naturally, no matter what.
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  #50756  
Old Jan 5, 2010 9:37am
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Quote:
Originally Posted by KissFan View Post
.. I see 1.575 then 1.555 in the not too distant future. ..
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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  #50759  
Old Jan 5, 2010 9:52am
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Quote:
Originally Posted by ppfx View Post
thanks ghous i know that but its easier said that done
dont worry... the fact that u are here says a lot, to me at least.
learning, reading, trading, watching charts... this is not simple (for people your age at least; u could easily be partying o playing sports or whatever right now, instead of trading/reading threads like this)

You & ghous are of the same age. imho, u are lightning years ahead of most guys your age. u are planting seeds for a very bright & early future, just keep it up.
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  #50832  
Old Jan 5, 2010 11:51pm
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Quote:
Originally Posted by Glenborrell View Post
ghous, IPB? What does this mean?....
check related posts here, here, here, here, here.
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Last edited by supremeChaos, Jan 6, 2010 12:12am Reason: added another link
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  #50833  
Old Jan 6, 2010 12:31am
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Quote:
Originally Posted by esbatu View Post
...I am seeing BUOB on daily and weekly chart. Indications for future movement? Any comment?
the daily BUOB has been followed by a 2day-PB, as Sir joel said.
price has been making lower highs/lower lows since November.

Plus, the weekly BUOB has not broken convincingly to the upside.
on the weekly chart, u'll notice a similar scenario back in end-September-to- mid-October: price slowed down around/prior 1.57 - 1.58 area.

if ever price goes up, we can see it may encounter resistance between 1.62 - 1.64 before it can have any bullish progress.
if ever price goes down further, i'd watch how smooth sailing price drops below 1.57
Let's see what gbp wants to do...
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  #50848  
Old Jan 6, 2010 8:17am
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Quote:
Originally Posted by Glenborrell View Post
thanks. All makes sense now.
Top stuff.
Quote:
Originally Posted by NosferatuMan View Post
Thank you ghous
IPB recent example on eurusd H1

red arrow points at the IPB
red horizontal line (tail end of the IPB) is (initial) exit.
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  #50921  
Old Jan 6, 2010 11:16pm
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Quote:
Originally Posted by TexasforEX View Post
What do you ..think of this one about to close on the kiwi 4hr chart?
nice pinbar. my concern here is the ongoing uptrend.
looks like the reverse of eurchf H4 (see PippingMama's & mbqb11's charts): immediate trouble area seem to be around 0.7315 - 0.7350.

EDIT: in the FXPro H4 chart, the 'pinbar' had a different shape. the open was 0.7376, close 0.7392. yours look nicer, shape-wise (open seem to be 0.7376, close 0.7381)
if u put on a line chart, u will see that there's an H4 PPZ around 0.7390, coincidentally (?) near the pinbar's closing price.

Hope this helps
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  #50923  
Old Jan 6, 2010 11:34pm
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Quote:
Originally Posted by Dan Gilbert View Post
not to mention it has been kind of stalled at this point... lack of momentum, etc....
i agree.
i think it's more of momentum slowing temporarily. we may still get a stab at the 0.75 area (or 0.76??) before the week ends.
Let's see.
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  #50934  
Old Jan 7, 2010 12:58am
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Quote:
Originally Posted by marcelnyo View Post
All I know that it's going north, I still have a long from 0.7000
oh my... how did u know
so u were 1 of those Big Boys who initiated this upmove huh
let's see if it'll have another bullish Daily close...
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  #50936  
Old Jan 7, 2010 1:09am
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Quote:
Originally Posted by Dan Gilbert View Post
..1.55 is a record low on my brokers historical data.
Quote:
Originally Posted by NoBread View Post
..Eur/Aud low was in 97 1.4000..
Dan, NoBread,
which brokers?
MT4? demo data?
Thanks!
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  #50940  
Old Jan 7, 2010 1:42am
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ghous,
yes Sir, mostly on demo.
just adding it into the "trading toolbox."
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  #50956  
Old Jan 7, 2010 7:37am
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Quote:
Originally Posted by relict07 View Post
Hello everyone, I've finally finished reading this entire thread! I'm planning on re-reading it until the information is 100% tattooed in my brain.
Now I've developed a prototype system and I was wondering if you guys can tell me your opinion....
Still trying to work out the best stoploss/takeprofit method that will fit with my personality...
Wow, awesome feat!! i commend u for taking the time & dedication to read the entire thread. to be honest, i have not read the entire thread (i have read most of the posts since i joined back in Feb.2009, slowly [selectively] reading the older pages)

i made a quick read of your 'prototype system'...
u may add
- using 'divergence' as confluence
- 'utilizing EMA's' (unless u are not comfortable using them/u dont find them useful).

Looking forward to your posts here
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  #50963  
Old Jan 7, 2010 9:28am
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Quote:
Originally Posted by wpbearhandz View Post
Hi all - it has been my privilege to read through this forum for a while now.. a trade I have entered, going long on the USD/JPY, any comments?
nice trade. what kind of comment are u looking for?

Looking exclusively at your chart,
although the close was lower than the open, it's still a nice pinbar... which seems to be off of a nice PPZ (yellow line area; & 92.00? round number).
there's a lot of space in the immediate left side of price.
if price closes above 93.00, immediate roadblocks seem to be 93.50 - 96.50.
who knows, price may revisit the top on your chart 97.75ish (Aug.2009) & beyond

EDIT: dont forget to check weekly & monthly ppz's too

in behalf of all, Welcome & Keep posting!
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  #50966  
Old Jan 7, 2010 9:53am
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Quote:
Originally Posted by ninreznor View Post
Im not seeing a PB in his chart. I thought the open and close on a bullish PB had to be higher than the close of the previous bar. Am i looking at this all wrong?
No u are not.
technically speaking, for a bull. pinbar u want to see the open & close within the previous bar's body, with the close higher than the open.
the "pseudo" PB i referred to is the 1st red candle from the last (red candle prior the triangle). i made sure i pointed that out in my post..
Quote:
although the close was lower than the open, it's still a nice pinbar.
Apologies for not making it much more clearer.


[NOTE: if any of u are new to this method/terminologies, it's highly advisable to trade only the 'technically correct' bars/candles... avoid trading 'semi-', 'pseudo-', 'quasi' pinbars, outside bars, etc]
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  #51056  
Old Jan 7, 2010 11:10pm
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Quote:
Originally Posted by PeterPan View Post
Hi Mike,
.. I remember reading on the thread about how new traders go through a series of stages, like stages of development.
Can you expand on that?.
Quote:
Originally Posted by mbqb11 View Post
phew that would be a huge rant. I wish I could find a post of mine and also another post someone made(may have been diallist) about this topic....
Awesome posts Mike!
i immediately remembered the threads of diallist & Neers. this can be a supplement to your posts &/or is exactly what u were referring to.


Quote:
Originally Posted by joelcf View Post
...
This was my framework i made for a friend who wanted to 'learn daytrading' ..
this is another great supplement
thanks joel!
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  #51059  
Old Jan 8, 2010 1:25am
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Quote:
Originally Posted by Dan Gilbert View Post
damn EMAs are blocking my short position on EG.... maybe if I take them off my charts, the support won't be there anymore?...
whatever makes YOU comfortable

alternatively, (if u havent yet..) u can view MA's just like S/R's or PPZ's: they either hold or dont.
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  #51063  
Old Jan 8, 2010 3:15am
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Quote:
Originally Posted by nasir.khan View Post
A question Ghous.
...should those big daily bars should be a concern here or i should just keep it simple and evaluate only the current TF.
...
Just chiming in...
if i remember correctly Sir mbqb11 often suggests sticking to the timeframe u are trading on..
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  #51081  
Old Jan 8, 2010 8:38am
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Quote:
Originally Posted by Glenborrell View Post
Hi guys,

I just been chatting to a few chaps i know re trading and said the following. I thought i might be relevant given Mikes 2 fantastic posts a bit ago.
....
PATIENCE!!!
I KNOW FOR ME THIS IS WHERE I NEED TO IMPROVE TO BE SUCCESSFUL IN THIS GAME"

u can think of it this way:
Patience = (leads to future) Profits
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  #51082  
Old Jan 8, 2010 8:41am
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Quote:
Originally Posted by benem View Post
..i've noticed that if you put up a line chart on large time frame as week or daily and you spot a PPZ then when price come back on it very often it bounce off.....
.coincidence??
NO coincidence...
it's (good/correctly-spotted) S/R or PPZ working.

some senior traders here do it. as u have personally noticed, it's worth trying out.
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  #51084  
Old Jan 8, 2010 8:50am
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Quote:
Originally Posted by markmm View Post
Hey Guys,
Nice to see the place is still going strong, I used to post here during my 6-7 months researching phase, leanred loads of great stuff here. I was getting my house renovated to was focussing on that for the last 3 months....
welcome back mark
dont forget to share a pic of your renovated house (3months renovation, your house must be BIG)
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  #51094  
Old Jan 8, 2010 9:50am
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Quote:
Originally Posted by ninreznor View Post
Should we ignore the PB's created by news releases?
whatever u are comfortable doing.
if u feel your broker screws u then dont trade prior, during, after the news release. several people here do that.

alternative answer:
ignore PB's or PA setups u are not prepared to trade &/or is not within your risk parameters.
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  #51095  
Old Jan 8, 2010 9:52am
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Quote:
Originally Posted by o990l6mh View Post
...
Because of the above, it's becoming more and more clear to me
that location is really paramount. Bar formations will differ depending on time frame and broker's time settings.
we hear u loud & clear, Sir.
location is more important than bar shape.
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  #51153  
Old Jan 9, 2010 9:03pm
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Quote:
Originally Posted by Treefingers View Post
We always hear about the A+ setup's can I ask how many the people would find in a month?
Quote:
Originally Posted by Bemac View Post
Enough!
that is the short answer....

A+ setups are subjective.
u can be more OR less picky than SUPER PICKY Sir mbqb11 , & still think a setup is 'A+' & do well.

btw, it's not a stupid question.
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  #51397  
Old Jan 13, 2010 1:08am
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Quote:
Originally Posted by relict07 View Post
Hi everyone! My first trade using the J16 method was a success!....
PS. is there a way to demo trade commodities, futures, dow?
check the 2 links here.
if i remember correctly, 50-70% of brokers on link #1 have commods, futures, etc.

btw, Keep up the good work!
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  #51400  
Old Jan 13, 2010 1:23am
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Quote:
Originally Posted by ghous View Post
I can just about bet he is not enjoying any free time this time of the year,
and this gut feeling makes me feel I gotta throw up
...
avoid entertaining negative thoughts...
Let's be optimistic &
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  #51401  
Old Jan 13, 2010 1:35am
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Originally Posted by ghous View Post
Get it done by the 18th and you've given me the best Birthday present ever
wow, if that happens... it would, no doubt, feel like my birthday too
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  #51408  
Old Jan 13, 2010 4:47am
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Quote:
Originally Posted by Treefingers View Post
Anyone else involved in this pair?
...
How does this trend line look I have drawn?
are u referring to the red trendline?
what is your basis for plotting this trendline?
price has pierced this TL numerous times. so to some, strictly, this TL does not make sense.
ideally u want a trendline that has no 'piercings' (or has not crossed/breached) on the other side.

having said that, if u project the trendline from the Jan.5(?) bearish bar's high forward, then u have a 'correct' (down) trendline.
however, u want to plot TL's from extreme/swing highs/lows to be more relevant
... an example would be plotting a TL connecting the early November & mid December highs, &/or a TL connecting mid-Dec. & late Dec. highs.

Hope this helps
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  #51421  
Old Jan 13, 2010 7:30am
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Quote:
Originally Posted by Dan Gilbert View Post
.... Patience patience patience... It felt like price was never going to hit my yellow trendline....
sometimes price will hit 'your trade area', sometimes it wont. for today, it did hit; Patience paid this time.

Congratulations on your first trade!
Just try to focus & trade the way u have been trading prior this day.
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  #51440  
Old Jan 13, 2010 9:16am
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Quote:
Originally Posted by ninreznor View Post
Took short on EU. Nice Inside bar formed on hourly after big runup
(depending on your learning curve &/or profit goal)
Careful here, ninreznor..
an inside bar can move in either direction. this IB may be a temporary pause or reversal.
btw, are u comfortable trading the 'regular' PA setups (PB, BEOB, etc) & 4H & up charts already? if not, it is advisable to do so prior trading H1 & below charts & other PA setups like IB's.

Just a small reminder
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  #51444  
Old Jan 13, 2010 10:11am
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didymario,
Thanks for sharing.
for those interested to read about IB's, check out jarroo's thread here.
let me reiterate, IB trading is not ideal for newer traders. focus on the basic PA setups first (pinbar, outside bar, mainly)

jarroo, we are waiting for u
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Last edited by supremeChaos, Jan 13, 2010 10:26am Reason: added info
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  #51497  
Old Jan 13, 2010 8:22pm
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Quote:
Originally Posted by KissFan View Post
I learn something new everyday. Thanks Nasir!
K.I.S.S.
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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  #51498  
Old Jan 13, 2010 8:39pm
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Quote:
Originally Posted by bluetrader View Post
Hey TitiX... I've always understood IB3 or IB(#) to mean an inside bar where the # refers to the range of the bar relative to the last few bars....
Here are some more IB (& jarroo-related) posts.
here, here, here.


come on out jarroo
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