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  #56215  
Old Feb 25, 2010 11:57am
Charts + PA > *
 
Member Since Jul 2006
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Quote:
Originally Posted by mbqb11 View Post
very busy nice week for me

Cad/jpy

4hr beob off BRN of 85.

Mike
Big props Mike, that's a sweet trade you have going now

I'm not sure whether the one I wanted to post has been posted yet.
I just can't keep up with the thread.
I am still sitting on February 18th and now there are something like 800+ new posts 7 days later.


For benssol, and the honor of the much-shunned IB, a TL retest/continuation bar.

Edit: P.S., If anyone actually wants to ask me something in particular, this is also why it's a good idea to just shoot me a PM as there is a real good chance I just won't be able to see it in the thread as a hundred posts a day fly by.
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  #56217  
Old Feb 25, 2010 12:05pm
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Hey K, no worries, questions are normal.

Quote:
Originally Posted by s005606 View Post
1) When entering the PA trade, I am more of the conservative type that I learned I should only enter after the "break" of the PA. However, I am not very sure if a break means I should enter when the bar broke the PA and CLOSED? Or just a mere touch of the break position by the bar?
Break means price moves above / below the bar's high / low, i.e. the corresponding direction of the setup itself.
Past the high for bullish, low for bearish setups.

Quote:
2) When placing SL, I learned that the conservative way is to place the SL on the other side of the PA (eg, at the other end of a pin bar). Am I correct here?
Yes.

Quote:
I have some demo trades in which I couldn't even take partial profit of like 15 pips and price went back like 50 pips and stopped me out.....

those might be poor PA setups that I shouldn't even have taken.
Or with surroundings you need to be aware of (support/resistance).

Quote:
Best Regards,
Kristopher
Be seeing you around,

Patrick
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  #56283  
Old Feb 25, 2010 6:26pm
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Quote:
Originally Posted by triger88990 View Post
I have just stolen a chart
Could it be more simple than that!!

original post here: http://www.forexfactory.com/showpost...postcount=8873
I remember doing that one.
Not all of it is perfect reasoning or great examples, but I think the point I was making that just by shutting off and going from one bar to the the next(and trailing a little bit behind) you can follow the market around..

Most definitely not all ideal trade examples by far, just an exercise in pointing out stuff(example chart).

I would also like to add a word of caution for the ooooolder posts(dunno, say 2006/2007+?).

I've looked at some of the old stuff, and not only do I word things way too cocky(it makes me flinch when I read it now), a lot of the setups are also at times pretty so-so, the charts are terribly clogged and s/r is at times a mixed bag.

Well, or so at least I think when I see some of them now.

Of course there's also the odd chart where I think "Holy smokes, did I really see that x thousand pip move coming that far away"

But mostly it's "Dear lord, WHY did I say that, I sound like an overexcited 17 year old who's seen his first boobie" (.....I'm from a generation back where we weren't exchanging hardcore pornography at age 12 on our cell/smartphones just yet and having more sex at age 13 than a professional adult actor/actress..).

Understandably, this was because I was becoming aware of just how helpful PA could be.

However it was also a bit of the classic "PA, it's everywhere, everywhere I tells ya!"(not all PA is created equal) rush in the early days, so I am asking forgiveness now..I hope to be doing better each day
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  #56285  
Old Feb 25, 2010 6:31pm
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Quote:
Originally Posted by s005606 View Post
Hi SeekingLight (Patrick), oh, I have seen your post in the very beginning, like first 100 pages or so, I have always enjoyed your charts with great remarks. I have definitely learned a lot from you! And thank you for your kindness.
Thanks Kristopher. I was actually pretty late to the party, all things considered.

Quote:
Thanks a lot. So do I have to wait for the bar to close to enter? Or as soon as the price moves and breaks, I enter right away?
The "setup" bar needs to close, i.e. the BEOB, BUOB, PB, DBHLC/DBHLC, IB, etc.
Once this bar has closed, say the bullish pin bar, only then will you be able to say that's actually this and that bar shape to begin with, right?
And now once the very next bar moves past the setup bar's high or low(high in the bullish PB's case), that's the entry, with the stop on the other side(below the bullish PB).
Okay?


Take care,

Patrick
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  #56514  
Old Feb 27, 2010 7:34am
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Member Since Jul 2006
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Quote:
Originally Posted by Darkstar View Post
Why is it every time I pop in to say hi, this thread is in a different sub forum?

Anyway, greetings to all.
DARKSTAR!

*wayne's world*
We're not worthy, we're not worthy!

Hey man, how have you been.
Always was happy to see your presence and posts around "back in the day".

Thanks for all your contributions along the way.
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  #56515  
Old Feb 27, 2010 7:43am
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Member Since Jul 2006
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Quote:
Originally Posted by Ryanmcd View Post
Keep it easy because if it does not make you money you do not want it on your charts.

keep ego / emotion out of trading, I even took medation classes to learn how to relax better. Once you hit 4-5 stage of trading it will change the way you look at EVERYTHING not just the market, and I feel it will make you a better person as you will worry less about what others think / feel because you have learned to control your emotions and understand yourself.
This.

Hey Ryan, always glad to see you around and still around
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  #56635  
Old Mar 1, 2010 7:16am
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I am a bit tempted to participate in the psychological subjects discussion..

Quite frankly, and I think it's not bad to be a bit in a contrarian spirit with this, I feel that it's almost more important to at some point reduce the time spent with various interpretations and models and just plain attack whichever problem you DO have with action.

One risk I plainly see is that there is a gazillion of "old wisdoms" and explanatory mind-models, behavior-models and whatnot and an endless slew of tips, tricks and explanations.

Great.
Now I know what all the stuff that's wrong with me is CALLED.
I know what I SHOULD be.

But...

I have to actually WORK TOWARDS BECOMING DIFFERENT.
That's the hard part. And at some point the risk is that you will be reading another book, making another post or doing another discussion instead of saying "Ok, I get it, now I want to change it" and starting with laying out the here and now, the "where to and how" and then moving towards that in a focussed manner.

This isn't to say you should not get informed or know what you're doing, where you're at, where you want to go and how.
I am just becoming more and more aware that we as human beings are incredibly sophisticated in choosing ways to avoid displeasure and professionally procrastinate and avoid in general. And we're incredibly good at covering it up. After all, if you're doing so much reading and thinking, surely you are already doing something for it?

If it doesn't hurt, you're probably not changing..

Bottom line - this forum(and I'm sure various others and tons of websites etc) is so chock full with concentrations of "good advice" at times and in places, it's almost like a parallel to the thing with the trading systems.
You can find a near-infinity of great ideas and advice, but unless you stop reading about the next new system and simply sit down and work on improving yourself on this ONE concrete thing that is YOUR issue, you are simply going to keep roaming, roaming, roaming..and not progress.

That's the risk I see and I have a gut feeling that I am not completely off base with these thoughts.

--

That aside, I also like Brett Steenbarger and his work from what I can read in his blog a lot.
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  #56637  
Old Mar 1, 2010 7:28am
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Ryan, I wouldn't mind some "after the trade is closed" charts, either.
Jankone's thread would be a neat place to see more 5M examples in.

It doesn't matter whether other folks will love the bar shapes or sizes, I'd just be curious whether the setups were good to YOU and why.
If you feel you could do it so that it doesn't mess with you or your trading at all, I'd appreciate having some more examples in my collection for review eventually =)

-----------

And as a direct contrast to that and many other "touch trading insta-pleasure, insta-result" endeavours, a reminder that a slower pace of trading is also a possible option.

People already complain there's barely a setup on daily, let alone weekly.

Well have I got joy for you

Monthly!

Really liked this sequence and charted it out accordingly as I suspected this move would be a nice one coming.

Great reminder that you can also trade this market in ways that don't have you closing a trade after 20 pips, within the day, within the week, etc.

That you don't have to be at the charts 24/7, that you can approach this in a million ways, that you don't have to bother with news and that EVERYTHING is fair game as long as you take PA and s/r as your basis.

I really am starting to get a bigger and bigger liking for monthly charts over time.

I would also like to use this as a way to address a question of what one could do to ride trends longer. The most basic answer would be to use the higher timeframes to identify areas of interest and signs of "big changes"; once that has happened, you can look for a "small" entry on daily/weekly and then just follow with either one of many trailing techniques, or, something that can also be frowned upon, transform the trade into a different timeframe.
For example stick it out on weekly/monthly if you feel it is warranted, or, navigate the bigger boundaries through there, and then zoom back in to daily price action once on these boundaries and then make a new informed decision depending on the PA outcome there.

I don't have a clean and clear answer to the perfect trend trading technique, let alone trailing. It's actually the very thing that's plaguing me myself at the moment, i.e. the never ending search for a compromise between tight/lenient trailing(in itself already a one vs the other conflict) and target-trading.

But monthly charts have always been a help to simplify / clarify when looking for a general / broad idea about things. This was no different.

The trade in this case after all the bearish foreshadowing would have been the IB through 1.6, with one further out target in mind, with one trouble zone at the 50% being the interim "watch what happens" zone before the actual target.

Charts(used candles to make the engulfing bodies more visible):
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  #56692  
Old Mar 1, 2010 2:10pm
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Quote:
Originally Posted by Ryanmcd View Post
you just have to know 100% that you are NOT going to trade off of emotion and that is what you did. If I even have a bad day or something is off and I say screw it I am just going to take this trade, I stop myself and call it a day because I know if I start going in like that it will be a VERY bad day.


Now when I trade I don't hope for money I know I am going to make money and I know I deserve it and me and this market "the rabbit" are going to have a damn good time doing it.
The first would have saved many a blown account, the latter is basically a must to enable people to..well, anything in life, really.




And a small personal note on gaps - not touching them with a 1000 ft pole anymore until PA shows pointing towards them(in EG's case, the mentioned 2h PB would be a valid example of how trading PA pays out vs just chucking money into the market).

I can tell you that gaps have cost many people more than you would think and accordingly are just not worth it.
They represent "easy money" and "free lunch" situations / temptations to many and the result as you can see is "Turn 10k into 100k, then one bad one, boom, gone". (No disrespect nasir - is it okay to use that as an example? If not, I'll just paraphrase or generalize it.. it just showed the dimensions of x days/weeks of hard work vs one "temptation gone wrong" really well)

There is no free lunch. Learning takes time and effort.
Do not pass go, do not get to skip past everyone to the end of the line, do not get to take the shortcut..
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  #56770  
Old Mar 2, 2010 6:45am
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Member Since Jul 2006
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Quote:
Originally Posted by Cherry View Post
Hello again,
I thought I had overcome the problem of picture dissappearing from the J16 videos by up dating Windows Player...
Now today it won't play more than 30 seconds and vanishes again. Have just tried 3 of the vids I have downloaded and same thing with all.
I tried VLC once more but as before with it... no sound!
Help!!! Whatever is wrong? Running on Win XP 2002.
Any further ideas what I could try guys?
Thanks,
Cherry
Before you take the shotgun to your installation and do everything mentioned, make sure you have the complete file.
I.e. check the filesize and whether the file itself is intact.
If need be, try to reget the file.

Btw - I don't think there is any audio codec that we would use that VLC couldn't play. So something is up with that in and of itself and it suggests something else is up(Is it on mute? Is volume up high enough? Did you do something with the settings? Reinstall the latest VLC? Etc).


As for the EA, I think J16 is about as far removed from being compatible with an EA as it gets.

I don't think "we" ever had an official J16 EA, either - best I know someone just went and made one. He or she would be the one to PM about that.
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