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  #57174  
Old Mar 4, 2010 9:53am
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Here's an IB trade I took on the GBP/NZD this week.

formed at an absolute swing low for the pair, and was authoritative in nature...

Was there any doubt where price was going once it broke the IB and very early in the day? I am lucky as hell to have none for the setups I know are mine.

g.
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  #57175  
Old Mar 4, 2010 9:54am
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Quote:
Originally Posted by triger88990 View Post
quick update

look how price reacted at the first taking profit area,she retrace good enough to teast the break of the BEOB from where it start this move.now the TP1 may act as a pivot point but if you look closely you will see the clasical 123 patern and you should expect that it will break through it,which it did.
Look where price is today.

Ps:can't find the original post from where this chart comes

all the best!!

Attachment 432095
Attachment 432096
Your progress has been a treat to watch and follow Trig,

Nicely done

g.
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  #57177  
Old Mar 4, 2010 10:01am
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Not every day is a Sunday...

This ripe cherry gave me nothing after giving off a pleasant aroma when price was 0.5R my way...wasn't prepared to let this hurt me from that stage onwards,

The setup eventually worked out and is the best sight of the day for me today.

g.
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  #57178  
Old Mar 4, 2010 10:05am
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Quote:
Originally Posted by triger88990 View Post
hey ghous nice to see you haven't heard about you from some time and this thread is moving faster than you think

if you will look at both setups you will se that they are almost identical + this is off BRN 1.5

all the best!!

Attachment 432113
Don't know why but I have always liked to take my IBs which are mostly occupied by the open and the close only...can't even decipher any logic behind such a feeling, maybe a personal thingie...

but obviously for the reasons you mentioned it wasn't one to be thrown in the bin...

Like I have mentioned I LOVE to watch setups which I don't take, play out and this was amongst them,

g.
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  #57174  
Old Mar 4, 2010 9:53am
ghous's Avatar
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Here's an IB trade I took on the GBP/NZD this week.

formed at an absolute swing low for the pair, and was authoritative in nature...

Was there any doubt where price was going once it broke the IB and very early in the day? I am lucky as hell to have none for the setups I know are mine.

g.
Attached Thumbnails
Click image for larger version

Name:	gbpnzd.gif
Views:	38
Size:	14.0 KB
ID:	432105    
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  #57175  
Old Mar 4, 2010 9:54am
ghous's Avatar
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Member Since Jan 2008
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Quote:
Originally Posted by triger88990 View Post
quick update

look how price reacted at the first taking profit area,she retrace good enough to teast the break of the BEOB from where it start this move.now the TP1 may act as a pivot point but if you look closely you will see the clasical 123 patern and you should expect that it will break through it,which it did.
Look where price is today.

Ps:can't find the original post from where this chart comes

all the best!!

Attachment 432095
Attachment 432096
Your progress has been a treat to watch and follow Trig,

Nicely done

g.
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  #57177  
Old Mar 4, 2010 10:01am
ghous's Avatar
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Not every day is a Sunday...

This ripe cherry gave me nothing after giving off a pleasant aroma when price was 0.5R my way...wasn't prepared to let this hurt me from that stage onwards,

The setup eventually worked out and is the best sight of the day for me today.

g.
Attached Thumbnails
Click image for larger version

Name:	audsgd.gif
Views:	38
Size:	16.7 KB
ID:	432122    
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  #57178  
Old Mar 4, 2010 10:05am
ghous's Avatar
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Member Since Jan 2008
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Quote:
Originally Posted by triger88990 View Post
hey ghous nice to see you haven't heard about you from some time and this thread is moving faster than you think

if you will look at both setups you will se that they are almost identical + this is off BRN 1.5

all the best!!

Attachment 432113
Don't know why but I have always liked to take my IBs which are mostly occupied by the open and the close only...can't even decipher any logic behind such a feeling, maybe a personal thingie...

but obviously for the reasons you mentioned it wasn't one to be thrown in the bin...

Like I have mentioned I LOVE to watch setups which I don't take, play out and this was amongst them,

g.
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  #57181  
Old Mar 4, 2010 10:10am
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Quote:
Originally Posted by triger88990 View Post
thanks ghous

All you need is perseveration,chart addiction,studying +practicing, a LOT of time + A LOT of coffe+ A THREAD LIKE THIS

all the best!!
perseveration (check)

chart addiction (umm...maybe)

studying (check)

practicing (check)

LOT of time (lot of screen time actually spread over several months/years)

LOT of coffee (check)

A thread like this (double check)

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  #57182  
Old Mar 4, 2010 10:14am
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Wow this thread's been on some unbelievable steroids...

I know I am missing my growing family

g.
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  #57189  
Old Mar 4, 2010 10:30am
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Quote:
Originally Posted by yarin View Post
Every time I think i got the metrial there is a trade that show me that im worng...
this is the CADJPY,why i got in:
-daily PN folloew by an IB.
-on a very strong PPZ and round number 86.0
-61.8 Fibo

yes i know this is not an A++ setup,but i though at lest an A.
i just wanted the price to get to the next PPZ at 85.0, I realy didnt see any other PPZ before that.
but as u can see the price almost eat my stop.
[size=3]Im still in...
You were not wrong in locating that the pin bar was right where we want it to be,

you were also right in realizing that it still wasn't an A+ setup.

Look to the left of that setup. we are trading in a huge mess. Now this "mess" is a true heaven for trading when you understand that your approach has to be slightly different in such market conditions as compared to strong trending markets.

The first thing that would light a bulb in my mind would be that the pin bar (small in size which is already a -ve) did not break on the next bar. Because a ranging market can shop you out real quick you must protect yourself whenever you can at times by passing on <A+ trades and other times watching even the greatest of setups very closely.

Stay at it buddy it takes time for all these puzzles to form a recognizable picture...

g.
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  #57190  
Old Mar 4, 2010 10:32am
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Quote:
Originally Posted by ehrek View Post
Enjoyed reading those summaries :P

Hey Rac-attack, are you there??

I never knew you are into gliding - Every been to the Flamborough gliding club on HWY 8??
You knew the boring half of him then...

O he's a real fly O' maniac!!
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  #57181  
Old Mar 4, 2010 10:10am
ghous's Avatar
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Member Since Jan 2008
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Quote:
Originally Posted by triger88990 View Post
thanks ghous

All you need is perseveration,chart addiction,studying +practicing, a LOT of time + A LOT of coffe+ A THREAD LIKE THIS

all the best!!
perseveration (check)

chart addiction (umm...maybe)

studying (check)

practicing (check)

LOT of time (lot of screen time actually spread over several months/years)

LOT of coffee (check)

A thread like this (double check)

__________________
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  #57182  
Old Mar 4, 2010 10:14am
ghous's Avatar
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Member Since Jan 2008
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Wow this thread's been on some unbelievable steroids...

I know I am missing my growing family

g.
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  #57189  
Old Mar 4, 2010 10:30am
ghous's Avatar
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Member Since Jan 2008
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Quote:
Originally Posted by yarin View Post
Every time I think i got the metrial there is a trade that show me that im worng...
this is the CADJPY,why i got in:
-daily PN folloew by an IB.
-on a very strong PPZ and round number 86.0
-61.8 Fibo

yes i know this is not an A++ setup,but i though at lest an A.
i just wanted the price to get to the next PPZ at 85.0, I realy didnt see any other PPZ before that.
but as u can see the price almost eat my stop.
[size=3]Im still in...
You were not wrong in locating that the pin bar was right where we want it to be,

you were also right in realizing that it still wasn't an A+ setup.

Look to the left of that setup. we are trading in a huge mess. Now this "mess" is a true heaven for trading when you understand that your approach has to be slightly different in such market conditions as compared to strong trending markets.

The first thing that would light a bulb in my mind would be that the pin bar (small in size which is already a -ve) did not break on the next bar. Because a ranging market can shop you out real quick you must protect yourself whenever you can at times by passing on <A+ trades and other times watching even the greatest of setups very closely.

Stay at it buddy it takes time for all these puzzles to form a recognizable picture...

g.
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  #57190  
Old Mar 4, 2010 10:32am
ghous's Avatar
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Quote:
Originally Posted by ehrek View Post
Enjoyed reading those summaries :P

Hey Rac-attack, are you there??

I never knew you are into gliding - Every been to the Flamborough gliding club on HWY 8??
You knew the boring half of him then...

O he's a real fly O' maniac!!
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  #57295  
Old Mar 5, 2010 2:53am
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Quote:
Originally Posted by miracle16 View Post
Hi all,

I've been leeching from this thread for the past 5 months and decided to post my first reply as JAmes' casual remark on the "invisibles" 2 days back got through to me

Had some previous experience trading stocks, options, futures for the past 3 yrs and never got anywhere except 2 blown accounts under my belt. Started on forex about 5 months back under influence from a close friend and the best thing that happened to me after that was stumbling upon this thread before i blew the third account trading inside bars on 15 mins charts

Just...
Hi there,

Welcome aboard!

we hope to see you achieve your goals.

g.
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  #57295  
Old Mar 5, 2010 2:53am
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Quote:
Originally Posted by miracle16 View Post
Hi all,

I've been leeching from this thread for the past 5 months and decided to post my first reply as JAmes' casual remark on the "invisibles" 2 days back got through to me

Had some previous experience trading stocks, options, futures for the past 3 yrs and never got anywhere except 2 blown accounts under my belt. Started on forex about 5 months back under influence from a close friend and the best thing that happened to me after that was stumbling upon this thread before i blew the third account trading inside bars on 15 mins charts

Just...
Hi there,

Welcome aboard!

we hope to see you achieve your goals.

g.
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  #57497  
Old Mar 7, 2010 10:59pm
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Quote:
Originally Posted by jarroo View Post
Entered on this Weekly Gb/Jpy PB with a very tight stop loss. Not recommended.

Scalping the weekly.
I could just about smell that Jim

g.
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  #57502  
Old Mar 7, 2010 11:18pm
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Quote:
Originally Posted by Dan Gilbert View Post
I hate to say it, but I think this thread has had A LOT of traders read it, but refused to follow the rules and vanished....
you don't need to hate it Dan,

It's how it is meant to be. If they refuse to move a step towards success to come closer to it...they're probably better off without it.

g.
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  #57497  
Old Mar 7, 2010 10:59pm
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Quote:
Originally Posted by jarroo View Post
Entered on this Weekly Gb/Jpy PB with a very tight stop loss. Not recommended.

Scalping the weekly.
I could just about smell that Jim

g.
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  #57502  
Old Mar 7, 2010 11:18pm
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Quote:
Originally Posted by Dan Gilbert View Post
I hate to say it, but I think this thread has had A LOT of traders read it, but refused to follow the rules and vanished....
you don't need to hate it Dan,

It's how it is meant to be. If they refuse to move a step towards success to come closer to it...they're probably better off without it.

g.
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  #57551  
Old Mar 8, 2010 9:29am
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Quote:
Originally Posted by (Yaniv) View Post
Hey Cherry,

I'm not a pro, but even if you consider it as a PB, the first area is very very near.

So if it's not an A+ setup i would have pass it (like I did).

Hope it helps.
Nice to have you around the public thread Yaniv.

g.
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  #57551  
Old Mar 8, 2010 9:29am
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Quote:
Originally Posted by (Yaniv) View Post
Hey Cherry,

I'm not a pro, but even if you consider it as a PB, the first area is very very near.

So if it's not an A+ setup i would have pass it (like I did).

Hope it helps.
Nice to have you around the public thread Yaniv.

g.
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  #57732  
Old Mar 10, 2010 1:04am
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Quote:
Originally Posted by jarroo View Post
The Weekly Gbp/Usd PB has yet to be broken and is still ever much in play in my book. I saw the break of the Daily BUOB (in white) as an early entry to the weekly PB. As we know, a Price Action Setup has inherent momentum build in to it. The higher the quality of the setup, the higher the momentum. The Daily BUOB showed me the potential bullish momentum.

The left eye of the weekly PB tends to act (not all the time) as nice Support level in the case of a bullish PB. On the Daily chart, this level shows the Daily Highs acting as Resistance (purple...
Wondering how you did on the Gj weekly scalp Jim?
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  #57763  
Old Mar 10, 2010 3:57am
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Quote:
Originally Posted by (Yaniv) View Post
Hey bapxyz,

Is that your dog in the picture ?

Best,
Yaniv
Hey Yaniv,

Is that your dog in the picture?
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  #57732  
Old Mar 10, 2010 1:04am
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Quote:
Originally Posted by jarroo View Post
The Weekly Gbp/Usd PB has yet to be broken and is still ever much in play in my book. I saw the break of the Daily BUOB (in white) as an early entry to the weekly PB. As we know, a Price Action Setup has inherent momentum build in to it. The higher the quality of the setup, the higher the momentum. The Daily BUOB showed me the potential bullish momentum.

The left eye of the weekly PB tends to act (not all the time) as nice Support level in the case of a bullish PB. On the Daily chart, this level shows the Daily Highs acting as Resistance (purple...
Wondering how you did on the Gj weekly scalp Jim?
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  #57775  
Old Mar 10, 2010 4:41am
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Quote:
Originally Posted by (Yaniv) View Post
Hey supremeChaos,

it's a Siberian Husky, you got a dog ?

Here is a photo of both my dogs

Best,
Yaniv
Nice. We have quite a few dog enthusiasts in here...

sadly though not many who admire these:

This one's definitely in the top 10 most expensive of em' all...lavender albino ball python.

g.
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  #57777  
Old Mar 10, 2010 4:46am
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Quote:
Originally Posted by supremeChaos View Post
hey ghous,
is that a flaming/enflamed dog in your avatar?



Hey Yaniv, what breed? Thanks! (not sure, but looks like a sheep dog)
an inflamed skull actually, reminds me of the days when 2% on evey 15min pin bar on the euro was like child's play

g.
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  #57779  
Old Mar 10, 2010 4:49am
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Quote:
Originally Posted by triger88990 View Post
I think james would love to see this picture,if someone from here have read this entire thread you should notice that james has posted here from time to time some pictures with his passions

now to be more serious I have other passion,I'm scare of snacks

all the best!!
Let me guess...you're obese?

g.
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