The Aqua Line — Let me help a little here. It isnt about divergence, or round numbers, or swing highs. You picked a nice looking bar at a swing high - it might not have had the perfect shape as it didnt poke out enough, but hindsight is ...

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Its always good to have Jim AND Mark on the same side as you. (edit: stop posting off-topic stuff) image image image My main concern on this one is the time of the week and corresponding lack of volume. Are there going to be a bunch of cranky ...

james16 Chart Thread

That makes two of us

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Not necessarily. On a daily bar, it could be a sharp move upwards in the first hour, then 23 hours of gradual descent. An inside bar could be a combination of a few big orders to form the first bar during a period of market quiet, and then thousands ...

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Good luck with the studies - I know it can be a grind at times, but the 'click' you get when a concept just falls into place and the absolute clarity that accompanies it makes the climb all the more worthwhile. Look forward to hearing from you ...

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Not a problem at all. James, Mike and the guys have given me so much - for absolutely nothing - that I kinda feel obligated to chip in a bit and help explain some of the less important stuff

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ticks vs time. — That's going to entirely depend on traded volume of the instrument involved. If it trades 4000 contracts a minute, its a minute chart. If it trades 4000 contracts a day, its a daily chart. (from this, you can probably figure ...

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There was a 1:20 reverse split at the start of July You want once in a lifetime? Check out YHOO at the start of 2000 This was my third year of uni. The guy I sat next to in some dead boring lecture (continuous time finance) told me he thought the ...

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You could, but then you would still make a loss when you probably shouldnt be. You know there is a pretty decent probability that the PPZ is going to send it back up at you, just based on the chart. If I know there is a huge PPZ that I am going to ...

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You mean this one? I have it as the 13th, but being from the other side of the world makes my dates screwy and I never remember which way to adjust them and by how much >:/ That was a nice little winner a couple of other people here I think - I ...

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VXX — Slow friday, so here is something I've been looking at. I shorted VXX almost as soon as it became available. Not for any technical/PA reasons, but some pretty solid fundamental ones. Didnt even realise that, at the time, I was looking at ...

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USDCAD daily — USDCAD made a nice 2d pin at close. Big PPZ sittin on a round number below it, but it is with the overall trend, and in general fits the direction I want to get into this trade (ie, bullish on resources and hockey). image I ...

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Nice! I stopped trading this pair because it was too choppy for me, and just gave me headaches (and a bunch of losses). Beat some pips out of it for me image

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Love it when things work the way they should. 30 pips down, close on a stall at the ppz, 85 up, closed when it came back through my tl. easy game. (although I did expect it to stop and reverse at the pink ppz, nice suprise that it broke through and ...

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[quote=Pirabuji;2998337]Hi Joel, Sorry what signal did you skip on this one? Is it the BUOB? Combine those two 4H bars and you get a nice 4H pin, right off the PPZ I'd do a chart, but I cant ever get that stupid periodcon thing to work. It hates ...

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round numbers... or are they? — Eclipse makes a really, really good point. I think another thing people miss is that many of the transactions we are talking arent one way. And so round numbers arent always obvious... I'll tell it in story ...

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Sorry, was doing twenty things at once and shoulda been clearer - i like it as a breakout trade of the 1.100 line, not as a pin.. just noted the hard rejection from the ppz and move back north as a positive sign

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USDCAD — I'm watching that one. Off a nice PPZ, but you have that huge 1.100 level above. Break through 1.100 and I'll be all over that one like a fat girl on cake. image Shorted AUDUSD too. Feel like a traitor image

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This might have to be my new favourite quote. True, but I am also a massive nit when it comes to this stuff. Still somewhere in the concious incompetance stage of things - im a dumbass at it, but at least i realise it now - so I dont trust myself to ...

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USDJPY 4H — The old me would have taken this one. Pinbar! Off support! The new me sees a bunch of resistance 10pips above, choppiness, a small pin following a big bearish bar, selling pressure from two big pinbars in the last week, and going ...

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