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  #52501  
Old Jan 22, 2010 6:12am
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Originally Posted by james16 View Post
... people here would defend the Alamo before they would the white house.


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  #52523  
Old Jan 22, 2010 7:36am
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Default GBPCHF

Looking for a retest of the 1.68 for another short opportunity. TP acheived.

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  #52531  
Old Jan 22, 2010 8:32am
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Originally Posted by Dan Gilbert View Post
hmmmmm this post worries me....
I should probably explain. I am out of this trade at 1.68 as I see a PPZ there and want to be flat over the weekend. If we get to 1.67 with relative ease and then head back to 1.68 afterward, methinks a good place to look for shorts again.

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  #52538  
Old Jan 22, 2010 9:41am
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Originally Posted by Dan Gilbert View Post
Ok, that's better....
I appreciate you calling me out on that Dan. I need to fully explain my decision making process if I am going to post here. I benefitted from those before me who did as such and need to improve. Have a good weekend buddy!

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  #52539  
Old Jan 22, 2010 9:43am
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Originally Posted by zoli View Post
Trades here.

AUDCHF - not a super good set for sure. Nevertheless I am in and may get stopped out for -60 pips.

GBPCHF - already BE so whatever happens I won.

EURAUD - long on this after big bllish bar on my daily chart.

Beast - I missed the initial massaker but I am in for 100 pips already. As it is such a beast I did not jump in for 100 pips only, rather for some 3-400 pips as my position is also smaller.


Attachment 398661

Attachment 398662

Attachment 398663

Attachment 398664

Great charts Zoli!

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  #52573  
Old Jan 22, 2010 12:07pm
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I think that this bar will close at noon central time (fxpro). Depending on how it closes we could get some safe profits to the 1105 area.

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  #52576  
Old Jan 22, 2010 12:16pm
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Smile

Quote:
Originally Posted by Bobbstar View Post
Ahh, a thread on price action using Prings 'Pinbar' logic, will keep an eye with interest.
Welcome Bobbstar. We have a brother here from the UK that goes by the name TiaForex. He's a real asset to our community here. I highly recommend his posts. If you have charts to share as we go along all the better. I may be biased but I think that you have stumbled upon the best place to learn TA/PA on the "www". We keep it pretty basic here and I hope that we can help each other improve. Best regards.

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  #52737  
Old Jan 25, 2010 11:14am
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Originally Posted by KissFan View Post
I should probably explain. I am out of this trade at 1.68 as I see a PPZ there and want to be flat over the weekend. If we get to 1.67 with relative ease and then head back to 1.68 afterward, methinks a good place to look for shorts again.

K.I.S.S.
I am looking for confirming PA for shorts again on GBPCHF. Hope everyone had a good weekend. Sorry about the Vikes Fudd. Mr. Favre and his team put on a great game and valiant effort.

K.I.S.S
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  #52742  
Old Jan 25, 2010 1:17pm
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Originally Posted by mike w View Post

I guess I should have read this post before writing the exact same thing without charts. lol
I'll let you slide on this one Mike. How 'bout that 4 hr pin here? It kind of had my hopes up but lacked the Jaroo "Hard Break".

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  #52743  
Old Jan 25, 2010 1:20pm
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Originally Posted by dobe_r_man View Post
Any clowns other than me still holding this short......

I think you might be OK just watch PA a 1.69 as there is mucho confluence here. I got out as I think tha the J16 videos are realy starting to rub off on my conscience.

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  #52756  
Old Jan 25, 2010 2:56pm
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Quote:
Originally Posted by dobe_r_man View Post
Getting out at the first target pivot zone, or just moving to break-even/locking in profit sooner?

Nathan
I'm pretty much a get out and hope to get back in later kind of trader when we are counter to the larger trend or ranging. I look at this pair as trading in a range right now. (daily) I'll lock in and hope for more if I am trading with the larger trend. Either way there are pros and cons. The discretionary part of J16 is the most challenging for me.

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  #52855  
Old Jan 26, 2010 6:55am
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Originally Posted by Bemac View Post
55 to 60 Pips is do-able but remember that we are sailing near the Lows of uncharted waters. "Some" may start a Buying Spree. Keep it close to your vest. (at least until you are UP a gazillion P. )


Metric Tonnes o' fun. Hope you did too.


Lost it by a "TossOff" (sounds Russian but it aint.)

2 Charts.
Overall: {Gloves OFF}
Attachment 400800

Gloves ON:
Attachment 400802

I have some really good friends here. Yourself included. I only offer my opinion to the Captain of Your Ship.
(YOU)

{sorry: I've been surviving on...
As far as this learner is concerned, your dissection is always welcome and appreciated without any qualification necessary Mr Bemac. Looking back on the monthly charts, I can clearly see your point of view. From that perspective, and with only a few days till the monthly candle closes, we have a situation where the 1.73 and 1.75 areas are not out of the question. As you noted "some" may see a buying opportunity soon. You caught me again with my bias britches down. After all, we do develop a bias based on what we see on the charts. Looking back at the last few swings on daily TF illustrates to me that nothing is settled here as we just might be in for a short term trend reversal. There is no clear pattern from the last few major swings. In Oct 2009 there is a low. Then in Nov 2009 a lower high. Later in Nov a higher low followed by a lower high and then a lower low. Finally, our last swing high (Jan 20)is slightly higher than the last.
Moving on here, I see that maybe you trade stocks as well? Is that semiconductor plant in your old home town? Looks like you have a runner there! As always, thanks for your comments and charts.

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  #52856  
Old Jan 26, 2010 6:57am
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Originally Posted by Bemac View Post
No; but I see 1.6850 as a possibility if that helps.

BMc
Cha Ching!

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  #52857  
Old Jan 26, 2010 7:02am
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Originally Posted by Dan Gilbert View Post
Using mikes 2 bar trailing technique would have been ideal in that one (hindsight of course )
Good observation Dan.

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  #52858  
Old Jan 26, 2010 7:05am
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Quote:
Originally Posted by Bleek View Post
This is my first post in this topic, was this a valid trade or did I just get lucky?

Cable Daily.
Indeed Bleek. Now if you could learn how to use your arrows on your chart to point at the right bar when posting you will have it down pat.. Just kidding around with you bro! Great bar at a great place IMHO. Welcome to J16!

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  #52859  
Old Jan 26, 2010 7:07am
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Quote:
Originally Posted by mbqb11 View Post
Hey Bleek

yes that pin is very valid. But your arrow is pointing 2 bars over from the pin? or was that just an error. The pinbar is 2 bars back from your arrow. Just making sure

Best
Mike


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  #52860  
Old Jan 26, 2010 7:09am
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Quote:
Originally Posted by Bemac View Post
To the General Membership of Readers...

Perhaps you haven't realized but I sure appreciate having...
Jarroo & Mike (Mbqb11) to offer two (albeit slightly) different viewpoints of the same scenario.
Ghous & Dan also offer other insights &...
then there are the diehard fans not only but including Kiss, LVG, DobeR and, lest we forget, James, The Man.

All this & respect for others too. It can be achieved!

BMc says you guys.
I'm know there are more but you don't want to read the entire list of who catches my attention.
Iron sharpens iron bro!

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  #52861  
Old Jan 26, 2010 7:10am
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Originally Posted by marcelnyo View Post
let me guess... rants and charts?
Ta daaaaah!

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  #52863  
Old Jan 26, 2010 7:30am
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Quote:
Originally Posted by nasir.khan View Post
Anyone watching this Pin Bar ??

Two Hours left could turn into a BUOB.
Good eye Nasir! I've been bought at 87 and sold at 8770 already. I'll be looking at this one for a longer term long now. I'll post another chart with my observations in a bit. BTW, has anyone noticed that this one mirrors the GBPCHF or am I just imagining this?

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  #52865  
Old Jan 26, 2010 7:41am
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Originally Posted by Punter View Post
Any thoughts on this one?

Punter
Strong looking bar for sure. I'll be watching the break of this IB closely for shorts. I see a PPZ just under the low. I'll probably dial down to lower TF for entry. BEOB at swing high is what we look for but remember nothing is a slam dunk, just high probability.

K.I.S.S.

BTW, the large magenta PPZ is where the weekly bar would break if it happens.
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  #52876  
Old Jan 26, 2010 8:40am
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Originally Posted by Bleek View Post
The arrow denoted my entry NOT the pinbar!
Haha the jokes on me bro! Take care and best to you!

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  #52886  
Old Jan 26, 2010 10:17am
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Originally Posted by KissFan View Post
Good eye Nasir! I've been bought at 87 and sold at 8770 already. I'll be looking at this one for a longer term long now. I'll post another chart with my observations in a bit. BTW, has anyone noticed that this one mirrors the GBPCHF or am I just imagining this?

K.I.S.S.
Looking to buy here if market shows it's hand.

K.I.S.S.
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  #52893  
Old Jan 26, 2010 10:47am
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Quote:
Originally Posted by nasir.khan View Post
Please put a big order.
Are you in at 8747? If so, I rarely get in on the break of an outside bar. There is nothing wrong with it. I've missed some good trades unfortunately. It's just not my style. I believe that we are headed to 8773. I liked the confluence at 8700.

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  #52894  
Old Jan 26, 2010 10:51am
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Quote:
Originally Posted by jarroo View Post
I do tend to carry on too much at times.

Let me know if I am getting out of hand. lol
We like you "out of hand".

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  #52897  
Old Jan 26, 2010 10:59am
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Default GBPUSD

I'll be looking here to short GBP again. Some confluence there already. I'll update if we get there. 150/365ema, 618 fib and round number (6200).

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  #52899  
Old Jan 26, 2010 11:05am
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Originally Posted by jarroo View Post
Its a lot of fun that way. lol
My last chart was "out of hand". Just Keeping It Sloppy Surfers!

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  #52901  
Old Jan 26, 2010 11:20am
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Default USDCAD

I have been waiting for this and think that it's a good short trade till 1.0530. This is my IBFX feed but Alpari shows a closed pin below resistance. I'll be watching short TFs at 1.6. I like the bar formation and divergence. I'd love to see the 1.44 area for final TP.

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  #52919  
Old Jan 26, 2010 12:37pm
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Quote:
Originally Posted by dobe_r_man View Post
This trade is has been quite the fakeout...........I was filled the day after the big buob on both of the following entries:

Retracement entry: 1.5575

Breakout entry: 1.5657

Today started out as buob continuation (or so I thought) but has turned into a consolidated pin with the chance to even become a beob depending on the rest of the day. This must be how the Detroit Lions felt after every Sunday..........

I normally manage my positions pretty aggressively and think I need to get back to it. It seems whenever I try and let positions...
Patience and practice bro! You will get there if you really want it. I think you are well on your way.

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  #52925  
Old Jan 26, 2010 1:34pm
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Quote:
Originally Posted by ekling View Post
Buy stop placed at 90.20
Stop loss below that BUOB.

Trouble areas marked in blue boxes. I will probably put my TP at 90.95 during the night. I dont wanna wake up and see that price hit that area and went all the way back. Otherwise i might try to trail it a bit, if it goes in my favor.

Another view. This is not a trade I am taking, I just want to give you another look. My entry would be at .8976 long (50%fib) and 1hr PPZ AFTER the break of the BUOB. Reason why is that I have suffered many a drawdown and SL hit for loss on this kind of set up. It's all in the management brother. Good luck to you. I'd love nothing more than to see .9120 again.

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  #52932  
Old Jan 26, 2010 2:49pm
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I hear ya! I thought about the 50% fib to lower my stop but then again i would be trading right into the round number. As i can tell you are one of the more experienced traders in this forum so i will definately consider what you just said for future trades

Thanx! And good luck to you to
Hey Ekling. I just offer up what has happened to me in the past. Drawdowns suck and I only want to help. Best regards sir!

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  #52958  
Old Jan 26, 2010 7:48pm
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Quote:
Originally Posted by ekling View Post
Buy stop placed at 90.20
Stop loss below that BUOB.

Trouble areas marked in blue boxes. I will probably put my TP at 90.95 during the night. I dont wanna wake up and see that price hit that area and went all the way back. Otherwise i might try to trail it a bit, if it goes in my favor.

Hi Ekling. You should be back in profit now. I wouldn't be surprise to see this one test 9012 again before heading on up.

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  #52959  
Old Jan 26, 2010 8:01pm
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Quote:
Originally Posted by Dan Gilbert View Post
I'll be very very surprised if GBP breaks to the strong side on this....
I cant make heads or tails of geppy. I'll guess up to 145.30ish then down to 143.

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  #53167  
Old Jan 28, 2010 10:44am
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Default USDCAD

I'll trade this short if it closes correctly in 17 min. 1 Hr bars need to look real good for me to trade them. TP 1.0555.

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  #53174  
Old Jan 28, 2010 10:57am
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Quote:
Originally Posted by Dan Gilbert View Post
the IBFX 4hr BEOB is so damn huge........
Which pair?

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  #53176  
Old Jan 28, 2010 11:05am
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Originally Posted by KissFan View Post
I'll trade this short if it closes correctly in 17 min. 1 Hr bars need to look real good for me to trade them. TP 1.0555.

K.I.S.S.
No trade on 1hr USDCAD.

K.I.S.S.
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  #53178  
Old Jan 28, 2010 11:06am
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Quote:
Originally Posted by Dan Gilbert View Post
gbpchf

Thx bro!

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  #53201  
Old Jan 28, 2010 1:26pm
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Quote:
Originally Posted by Dan Gilbert View Post
I saw that pin close and felt sad for you
Hehe! Yup. I did to. NEXT!

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  #53249  
Old Jan 28, 2010 6:28pm
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Quote:
Originally Posted by dobe_r_man View Post
I am not playing it, but there is a small 2-hour pin at 1.0650 area......I don't play hourlies and the pin looks two small to me anyway.

Anyone long this pair should at least be aware it is out there.

Nathan
Thanks Nathan. I have been away for th last 5 hrs so I didnt see it. My mainstay trades are daily and 4hr anyway. Hope you are doing better today friend.

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  #53546  
Old Feb 1, 2010 8:25am
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Default EURAUD

Possible short here. I'm waiting for a 4hr close that I can live with. Here is a 3hr Oanda chart (closed)and a FXPro 4hr. Possible pin off 1.5750, divergence.

K.I.S.S.
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  #53553  
Old Feb 1, 2010 10:34am
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Originally Posted by KissFan View Post
Possible short here. I'm waiting for a 4hr close that I can live with. Here is a 3hr Oanda chart (closed)and a FXPro 4hr. Possible pin off 1.5750, divergence.

K.I.S.S.
Four different feeds and none of them gave me the short signal I wanted. I will persevere! LOL!! The things one must endure as a trader.

K.I.S.S.
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  #53599  
Old Feb 1, 2010 6:32pm
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Quote:
Originally Posted by Dan Gilbert View Post
Watch at least 3 feeds.... I watch Alpari, IBFX, and I just downloaded FXPRO... a lot more opportunity on the charts when you see the time moved over by 1 hr....
I get to look at 4hr bars at 4,5,6 am and 8,9,10am. Thats why I trade mainly the 4hr and daily. I dont look at charts much after noon except for the daily closes at 4,5 and 6 pm. I think it's a great way to trade!

K.I.S.S.

BTW. The NZD Alpari UK did close as a BUOB. Now I'm just looking at it to see how/if I want to play it.
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  #53931  
Old Feb 4, 2010 7:27am
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This pair looks good for a break-out. I hope that I'm not posting the same take that someone else has. I couldn't find a chart that looked at this set-up the way I'd like to present it. The daily pin trade short was a great trade for me. I have been on the sidelines with GBPCHF since last friday. I am looking at a possible short again. What I see is that price has been ranging inside friday's bar for the last two days. I also observe that yesterdays bar was a pin off the 150ema. I think that we are headed lower in GBPCHF. What I'd like to see is a break low today and then tomorrow a test of the 1.6793. I will likely be a seller at that time with a TP in the 1.6625 area and a SL in the 1.685 area. I write all of this with a watchful eye on EURCHF. The Euro is looking very weak against the swiss and I see a large move upward of price last friday in the low 1.46 area. A break below 1.4670 could possibly bring in "buyers" again and screw with my GBPCHF chart. If that happens, I'll be looking elsewhere.

K.I.S.S.
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  #53937  
Old Feb 4, 2010 8:03am
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Quote:
Originally Posted by joelcf View Post
This is the kind of chart I used to take a loss on. No more - as long as you recognise it is in a range, and you learn the game by playing the game*...

Attachment 409005

Attachment 409006

* some smart guy said this once. forget who - he was pretty big, and talked kinda funny...

I can't say this any better than Joel. I can just say it differently. For one thing, I'm not going to trade counter to the daily trend based on a 30 min bar. No doubt an impressive bar but you ae trading into some areas that you don't want to trade into. Here is what I see.

K.I.S.S.
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  #53940  
Old Feb 4, 2010 8:17am
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Can I get an Amen from the back row
 
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Quote:
Originally Posted by nasir.khan View Post
Hey Kiss,

Take that pin and go short. lol
What I like most about the J16 thread is th nasir.khan signal service/trading room!

K.I.S.S.
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  #53949  
Old Feb 4, 2010 9:50am
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Can I get an Amen from the back row
 
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Quote:
Originally Posted by nasir.khan View Post
Hey Kiss,

Take that pin and go short. lol
All I can say is bro!

K.I.S.S.
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