Home
Search Forums
Keywords:
Search Titles Only
User Name:
Exact Match
Show Results As:
Advanced Options
Reply
 
Thread Tools Search this Thread
  #55511  
Old Feb 19, 2010 11:57pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by james16 View Post
off to post one for this.
I don't know if these posts by benji should be part of post one. But . . . Man. . . they should go somewhere to be viewed often.

On second thought . . . these posts can't be missed . . . post one please.

Great work on these Ben (young grasshopper). I'm sure it took some time to do.




Quote:
Originally Posted by benji533 View Post
Ok I did not go through all possible pairs, and there are more A++ setups of the past year I won't post, but I have done my best to make you understand what we are looking for.

In general, for me A+++ trades mean A+++ bars at A+++ locations, and A+++ management skills.
You must first understand that A+ trades are different from one trader to another, based on the different management method they are using, account size, psych, and comfort zone. Not ALL my A+ trades, or jarroo's A+ trades would be Mike's A+ trades, simply because we are managing...
Quote:
Originally Posted by benji533 View Post
more.
Quote:
Originally Posted by benji533 View Post
and more.
__________________
Indicators show the past. Price Action "Indicates" the future.

Last edited by jarroo, Feb 20, 2010 12:09am
Reply With Quote
  #55513  
Old Feb 20, 2010 1:46am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by albertsy2 View Post
Hi guys, I've been demo trading J16 for about 3 months now with negative results... on the daily TF.
Hey al.

Can you show some of your trades that caused your "negative results" . . .it will be helpful to the thread.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55516  
Old Feb 20, 2010 2:48am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by ts63 View Post
Hi guys.

Do you also have a pinbar on GBP USD (daily TF) on your feeds ?

Here's my FXDD screenshot.
Looks like some feeds have the same valid strucutured PB . .some better like IBFX and some worst. But here again the small size and supporting confluences are lacking. 1.5500 is the big barrier in this weak bullish PB.

Not saying it can't work out, just look at previous small PBs on this pair (in green). The A+ trade are much bigger and a no brainer. This could be a runner but the odds are against it. Let's see how she breaks.
Attached Thumbnails
Click image for larger version

Name:	gudaily20.gif
Views:	44
Size:	26.6 KB
ID:	423362     Click image for larger version

Name:	gudaily20a.gif
Views:	42
Size:	26.8 KB
ID:	423363    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55610  
Old Feb 21, 2010 7:24pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by Bryan View Post
She's also showing a weekly beob. Would the weekly beob override the daily bullish pin? If so, would you trade the weekly or just pass entirely?
Higher time frames setups always overide the lower time frame setups in my book.

But let me ask you this . . . is the Weekly BEOB (Gbp/Usd) an A+ setup or of high quality? . . no . . . BEOB need to be at a swing High with supporting confluences.

The Weekly BEOB could be a continuation setup of the down trend, . . . possibly but they can be risky.

So does this give more weight to the Daily PB? A little bit but not much. I would like to see some bolder PA off the 1.55.
Attached Thumbnails
Click image for larger version

Name:	guweekly21.gif
Views:	40
Size:	22.8 KB
ID:	423931     Click image for larger version

Name:	gudaily21.gif
Views:	33
Size:	26.4 KB
ID:	423932    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55619  
Old Feb 21, 2010 9:58pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by Prof Hunter View Post
Jim!
Curious, how do You handle this kind of situation.
Would You sell the GREEN bar (arrow) low break?
Or not, because...
THX, PH
Yes sir. I'm in on this one . . . looking for the 1.7000 as the 1st target.
Attached Thumbnails
Click image for larger version

Name:	usdchf2day.gif
Views:	57
Size:	25.1 KB
ID:	423980    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55670  
Old Feb 22, 2010 9:17am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by Prof Hunter View Post
Jim!
Curious, how do You handle this kind of situation.
Would You sell the GREEN bar (arrow) low break?
Or not, because...
THX, PH
Quote:
Originally Posted by jarroo View Post
Yes sir. I'm in on this one . . . looking for the 1.7000 as the 1st target.

Hey PH, I got some PMs on this one so I'll answer them here.

The 2 Day PB on the Usd/Chf is of high quality to me. . . is it an A+ setup ? . . no. The traffic or lack of space was needed to quailfy as an A+.

My entry is 1.0740, stop loss is at 1.0835 (purple line) I have an alert set at the 1.0800 (in green at the Highs).
I may kill the trade at this level (1.0800) if a strong rejection does not ocurr.
I may also kill the trade right now because the momentum of the break is not to my liking.
I also may take off half at the current level to reduce my risk and let the trade play out at the current stop loss placement.

Yes, I am still long the on this pair from the Weekly PB at the 1.0300 level. Its nice have two brokers to work with.
Attached Thumbnails
Click image for larger version

Name:	usdchf2day22.gif
Views:	46
Size:	27.2 KB
ID:	424323    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55673  
Old Feb 22, 2010 9:51am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by TiaForex View Post
You're not alone berti. It's so common. I have gone through and still go through the same stuff. You look at a chart, agonise over taking something, then four days later when it works out you think "man that was obvious how could I miss that". Mike still goes through it too.

It's partly because when we look over our historical charts we see both the before and after part of the setup. We see the pinbar at the peak of the mountain with the steep slope on either side. Looks perfect. Then we see a setup forming and there is only one side of the...
Great post Aaron.

And Yes bertie123, seeing setups after the fact is just part of the learning curve that we all go through and the Tia-man has just posted some great ways to learn through this phase.

The key here is keep going, your on the right path.


Aaron I love your signature you have from James16. It was definetely an "Ah-Ha" moment for me.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55676  
Old Feb 22, 2010 10:02am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by benji533 View Post
This is just beautiful piece of art jarroo.

What also made it so pretty was that it was so easy once it broke. I still have the 2nd half position riding. Sure it would have been nice to have the whole position riding but that is not how I roll . . yet. The A+ setups sure make doing that a lot easier.

It did hit my long term target of 1.0900 so I'm managing it tighter.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55679  
Old Feb 22, 2010 10:29am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by Prof Hunter View Post
Thought that, just was curious. After the gap, I did not like the PA, wanted a break under that, so I am not in. (Lucky.)
Thank You for Your kind answer, Sir!
Counter trend trades are tough. They better be close to A++ to really be effective. PA setups with the trend are the best way to go i.e. retracement levels with the trend, etc. My target of 1.0700 is reasonsble and may be a good level for some bullish PA to go long.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55682  
Old Feb 22, 2010 11:09am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by oromek View Post
hi everybody
i have a question about TBLHC (even 3 bars here) on GU. I've never used such formations before and want to start testing them.
What you think, is it good to open long on break of this formation, in this particular place?


DBLHC or TBLHC or even a QBLHC are best played at swing lows. And the Close of the High should be higher then the previous bars.

I don't think it is a good place to go long in this paticular place. I would need much bigger and bolder PA to go long against the current strong down trend.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55684  
Old Feb 22, 2010 11:29am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by oromek View Post
thanks
that clarifies a lot, i'm at 300th page now, but it wasnt still clear for me. Mainly pin bars, BEOBs and BUOBSs are covered (most often), while DBLHC and DBHLC plays second fiddle in my opinion.

btw. jarroo, nice last post number

DBHLC and DBLHC can be just as effective as the other PA formations the key is their location and supporting confluences.


lol
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55735  
Old Feb 22, 2010 11:24pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by albertsy2 View Post
Hi Jim, what was your SL here? Looked like the reward:risk ratio was less than 0.5?
I'm not a big R:R guy . . . I'm a quality PA setup:to 1st trouble area:reduce risk:and let it run guy.

This post talked about my trade management on this trade.

http://www.forexfactory.com/showpost...ostcount=55670

My stop loss is above the 1.0800 and once Price hits the 1.0700 my risk will be zero.
Attached Thumbnails
Click image for larger version

Name:	usdchf2day22a.gif
Views:	40
Size:	27.2 KB
ID:	424759    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55827  
Old Feb 23, 2010 11:51am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by triger88990 View Post
Chart EurUsd

This move is result from a clasical 123 pattern break out.

This PB have come in shape after a rejection off of:

-a TL drawn using bar highs
-61.8 fib ret using recent swing high/low
-100% FE

We have setup with the main trend which is down.

The only problem would be those bar highs which we are trading in

PS. thanks bundy for your post,I had some A-HA moments, after going through your post this week, about 123 and FE. But I have just a question do you use it only for targets or you trade off of it.thanks

all the best!...
Quote:
Originally Posted by triger88990 View Post
If I told you that I had another entry at .3680 in my aggressively account test,but I promised I won't talk about those kind of entry anymore in this thread because the purpose of this thread is PA.

No lets focus on this setup,when I saw the break I immediately fly with my thoughts at jaroo statemets.

"A high probability setup is a high momentum setup." Now what made this setup so "wanted",look at the break she never look back.

jaroo statements can save you for a lot of trouble,just make sure you are aware of it

all the best!!...
I'm right here buddy. Great freaking trade. The 4 hour Euro PB is A+ trade in my book. Classic J16 in every way.

This is what I look for in a setup . . .

. . . which brings me to the 2 Day PB on the Usd/Chf. Price went down to 1.0714 and I moved to break even and was stop out for a break even trade. And believe me, I was happy with that. Don't get me wrong, I believe that this setup fullfilled itself but just barely.


I didn't like that intial break of this trade from the get go. The uptrend has been so strong that fighting it is a game for fools. Just ask Ryanmcd, I'm sure he loved your Euro 4 hour PB.

Countertrend trades need to be big and bold and have space and etc., the criteria that Mike drills into our heads. Where as a with the trend, at a retracement level, off PPZ Level (the euro 4 hour PB was off a Daily PPZ level, do you see it? ) , RNs, etc. Are so much easier to manage.


All the best, my friend. Well done.

Jim
Attached Thumbnails
Click image for larger version

Name:	usdchf2day23.gif
Views:	46
Size:	27.4 KB
ID:	425308     Click image for larger version

Name:	euro4.gif
Views:	53
Size:	25.2 KB
ID:	425312    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55834  
Old Feb 23, 2010 12:07pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by Ryanmcd View Post
Good trade and I still do CT trades, the key now is when I am playing with the trend I can SEE the CT trades setup so I know what everyone else is thinking lol. It's a damn nice edge and most of the time I just close out my position wait and see if the CT players get raped and if they do I get back in on a new low / high when all the CT trades are getting the stops ran
An interesting approach, I like it. lol

But you have to admit that the bread and butter trades are with the trend.

as in your post above.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55836  
Old Feb 23, 2010 12:13pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by Ryanmcd View Post
Jar000, above chart is just for you!!
I should have said . . . bread and butter and steak trades.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55837  
Old Feb 23, 2010 12:15pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by datogio View Post
left a lot on the table, but who cares. thank you Rac

Your getting good datogio.

Your going to have to post more of these charts.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55842  
Old Feb 23, 2010 12:23pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by triger88990 View Post
thak you Sir

much appreciated

On the usdchf we're both on the same page,I did expected after the break to retrace at .0800 -.0825, where I would like to see a rejection, but I have change my mind after I saw how she bahave at that level, from where I would expected to go a little more down befor she takes off till 1.000-1.100....

all the best!!
Those where my thoughts as well. . . a retrace to the 1.0800.

But once it did not break hard (momentum), like your 4 hour euro PB, it told me that something else was happening. This up trend is strong and the quality of the setup needed more qualty (lol), MORE SPACE, too much traffic.

Yes, Mike's voice does enter my head alot on these type of trades. lol
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55846  
Old Feb 23, 2010 12:33pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by datogio View Post
Thanks buddy, ill do my best.

I'd be glad if I could help someone with my charts.
The Rac approach is very popular and well it should be. The location finding factor alone is worth is weight in Gold.

Just be aware of the inquiries you may recieve. There may be many. lol

Great chart btw.

Thanks d

Jim
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55854  
Old Feb 23, 2010 1:07pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by nasir.khan View Post
And this is for Ryan.
Ryan wouldn't like that sucker . .against that move up . . . on that time frame, No way. . . . now watch it fall like a rock. lol
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55859  
Old Feb 23, 2010 1:14pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by mike w View Post
To say that I understand why Jarroo's stop was above 1.0830 on the usd/chf trade is an understatement. The fib level shown on this hourly chart is the level based on the daily bearish bar. Wait for the fave 50%, and we're in.

This has everything to do with price action, btw. Bars often retain after they get a retracement into themselves in order to build up more steam for a move. Think about it....if one guy trys to run through a brick wall, it's not going to happen and he'll get busted, but if he goes back and get a tank?
I like your metaphor Mike. "We're going to need a bigger boat". lol

I'm looking at Usd/Chf may be starting to consolidate as it did in the past. we shall see.
Attached Thumbnails
Click image for larger version

Name:	chf23.gif
Views:	31
Size:	29.1 KB
ID:	425367    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55862  
Old Feb 23, 2010 1:24pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by datogio View Post
lol You got some still on the table right? You win.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55866  
Old Feb 23, 2010 1:29pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by datogio View Post
sure no problem, but it looks like will be falling forever lol
Yeah I know the feeling, my weekly PB on the swissy comes to mind. I just remember how many times this approach saved my a$$ when it didn't go my way.

great trade, buddy.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55870  
Old Feb 23, 2010 1:40pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by datogio View Post
No i took full profit

no problem, but it looks like will be falling forever lol
You took full profit. Shame on you young man.

You gotta leave a little on the table to run, my friend. This is my goal on every trade I take. Protect yourself, takes some profit and let it run forever or at a obvious reversal. Let your stop loss, once in profit, define your profits.

Still a very good trade.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55880  
Old Feb 23, 2010 1:49pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by datogio View Post
Thanks Jim.

it's just impossible to take everything off the table most of the time at least for me, so I got used to it lol and i'm not a greedy person or i try not to be
Its not about greed and its not about fear. Its about trading what the charts tell you in a very simple, logical manner and protecting yourself along the way.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55881  
Old Feb 23, 2010 1:53pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by benji533 View Post
Seems like I am the only taker
Man . . I love when they break like that. Why continue with a trade if they don't.

Nice ben.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55905  
Old Feb 23, 2010 2:33pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by triger88990 View Post
I submitted to your entire post

just that I heard about this issue that teachers,engineers,doctors,lawyers are from some reason not made for treading

I'm engineer and don't know whay for me is working to be a trader,maybe because I'm a funny guy,but what have this to do with treading...don't know.

The rule is that those jobs aren't made for being a trader.But in order to be a rule there must be something contrary to that rule.

So I'm the exception from the rule,simple math

and I'm telling you that are many successful...
Maybe your not a very good engineer, triger. lol I'm just kidding brother. don't take it the wrong way. lol.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55906  
Old Feb 23, 2010 2:37pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by benji533 View Post



Yea indeed. It's time I really do understand the meaning behind your phrases jarroo. It takes time and experience to realize. These are the easiest to manage.
The hard break is a great confirmation for me. It tells that the setup is correct. The Usd/Chf 2 Day is a good example what a weak break tells me. . . something is wrong here. The lack of space didn't help either. lol
Killing that trade should have come sooner for me.

Also the retrace, retest of the break is a great confirmation indication as well.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #55908  
Old Feb 23, 2010 2:47pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by triger88990 View Post
LOL

maybe is because I'm in my beginning stage of my career as engineer,and I remmeber that back when I was a student I had some issues with my teachers bc of the way I think,although I was a good student with vrey good skills at math and PC, I always had dispute with my teachers,but that's history I graduate university last year

maybe I'm a special guy

all the best!!
You got a good sense of humor, triger.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56034  
Old Feb 24, 2010 12:19pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by mbqb11 View Post
Just my comment

Swing points simply give you points to identify where to look for a potential trade. THey are clearly visible. So when price is trending down making a new swing low, everytime it makes a new low the trend has continued, but also that new low are great areas for cheap buying. Now again it comes down to location/PA or some combo. So if we make a new low(clear swing point) and we get a so-so PA. Well you can expect a so-so result. If we get a LARGE PA bar that has substantial buying, the probability that there is more buying then...
You forgot one other thing Mike, the swing Highs/Lows provides beautiful S-P-A-C-E.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56039  
Old Feb 24, 2010 12:44pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by wh1zz0 View Post
Hi guys,

I remember Benji and some others were actually curious about how to create other time frames on MT4. Well here's a very simple and reliable way to do that just in case you haven't found out how to. This is how I created mine.

Steps:[list][*]After placing the indicator in MT4, just drag and drop on chart time frame you want to use to create another.[*]Make sure you check "Allow DLL import[*]From the inputs tab, change the multiplier settings only. For instance if you want to create a D2 chart from D1 you leave the multiplier...
Holy Freaking sh--, . . . . my 12H Usd/Jpy chart is ticking away now. You mean all I had to do was Allow DLL import. S-O-B. I've been closing and re-opening my Plat all this time.

Thankyou . .Thank You . . . . . .Thank You . . wh1zz0


Please disregard this dumb post below Danku and others.

Quote:
Originally Posted by jarroo View Post
You must note that the "offline" charts are just that . .off line. So they are not recieving a data feed, they're just a snapshot of Price in that time frame.

The periodcon of the time frame you converted will refresh itself but you have to close the plateform and then reopen it. This is the only way I know how its done. And some times it doesn't work. I will have to close/reopen many times to get a refreshed conversion.

Anyone know an easier way?
Attached Thumbnails
Click image for larger version

Name:	usdjpy12.gif
Views:	40
Size:	21.7 KB
ID:	426138    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56043  
Old Feb 24, 2010 12:53pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by datogio View Post
lol, the same here and then i gave up with the converter
Its working sweet. Maybe you might take a second look now.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56046  
Old Feb 24, 2010 1:03pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by datogio View Post
Missed the girl because of the lack of attention lol

Hey datogio. Yes this is a classic Rac setup here. Nice.

Here is how I saw it. Fib 61.8, trendline and S/R level.

Curious how you formed that other trendline . or . diangle S/R?

Thanks,

Jim
Attached Thumbnails
Click image for larger version

Name:	usdchf4h24.gif
Views:	44
Size:	26.6 KB
ID:	426153    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56049  
Old Feb 24, 2010 1:14pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by datogio View Post
simply line chart.
Oh I see. Thanks.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56051  
Old Feb 24, 2010 1:39pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by datogio View Post
you're welcome sensei
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56054  
Old Feb 24, 2010 2:19pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by hehesam View Post
Any comment for this PB? off 23.6. Support by daily BEOB.
Hey hehesam. Let's back up a bit and see where the major PPZ levels are on the higher time frames, Weekly/Daily. When I veture down to the 4 hour time frame I want to be aware of these levels.

On the Weekly and Daily we have a couple a strong levels at the .8850-40, .8700 and the 8600. Also Price seems to be consolidating nicely.

Now when we look at the 4 hour time frame we get a better look at what's going on.

now with the setup. . .
Attached Thumbnails
Click image for larger version

Name:	egweekly24.gif
Views:	31
Size:	24.7 KB
ID:	426186     Click image for larger version

Name:	egdailyy24.gif
Views:	30
Size:	30.2 KB
ID:	426187     Click image for larger version

Name:	eg424.gif
Views:	37
Size:	30.0 KB
ID:	426188    
__________________
Indicators show the past. Price Action "Indicates" the future.

Last edited by jarroo, Feb 24, 2010 3:07pm
Reply With Quote
  #56068  
Old Feb 24, 2010 3:01pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by jarroo View Post
now with the setup. . .
The Daily (pinish looking) BEOB off the strong PPZ level (.8850ish) , no surprise there. The BEOB sure would have be nicer if it was on the .8850 level.
Anyway, could Price be now heading down to continue its consolidation period? Maybe, the BEOB sure is telling us that it might be.

The bearish 4 hour PB with the support of the Daily BEOB is a good combination. But we still need to apply the A+ criteria to this PA setup.

There is a 61.8 fib and 50% ret from the most recent move down which is the Daily BEOB. The size of the PB could be much bigger. It is at a swing High albeit without much space. Alot of traffic on this one. (If only is was at the .8850 level). These disqualifiers alone would make a picky J16 trader pass without hesitation, especally on this time frame.

To trade it ( for me) would be to apply tight trade management, meaning moving to break even very quickly and there must be a hard and fast break of the PB. Anything less would make me kill it, meaning very little draw down if any.

Just some thoughts.

Jim
Attached Thumbnails
Click image for larger version

Name:	egdaily24a.gif
Views:	42
Size:	25.7 KB
ID:	426218     Click image for larger version

Name:	eg424a.gif
Views:	36
Size:	31.0 KB
ID:	426219    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56073  
Old Feb 24, 2010 3:36pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by giotto View Post
Another try on EU 4H PIN, triggered on my FXDD feed. Anyone in? Nice space to next PPZ around 1.3460 and was very save with tight SL above pre-PIN bar. I would appreciate comments from senior members about your ideas. Thanks.
The power of Big PA with the trend, my friend. (hey, that rhymes. lol)

Since the bearish PB is not at the ideal location, Swing High, our expectations are not as ambitious. but you never know, it could turn into a runner. We just have to protect ourselves and not turn a winner into a loss.

Your target is a bit aggressive. My chart shows previous bar High/Lows that are potential targets. Anyone of which could turn on you, so be aware.
Attached Thumbnails
Click image for larger version

Name:	euro24.gif
Views:	29
Size:	20.8 KB
ID:	426233    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56079  
Old Feb 24, 2010 4:03pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by mbqb11 View Post
Here is a trade closed out today

4hr in a nice downtrend. Price consolidates in a bearish flag type pattern around the .7000 round number +ppz(look to the left of the pattern at that box of consolidation). Breaks out and pullbacks to round number former flag and forms a BEOB engulfing 7 bars or so with a very strong close. First blue box is b/e second was full take profit.
Classic Mike. I love these.

Also some support from the Daily trendline, fib rets and 150 ema.
Gee whiz, how many confluences are on this one. Wow.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56088  
Old Feb 24, 2010 4:27pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by Cbh123 View Post
Hi Dave,

A couple notes just based on looking at your chart.

1. I think you answered your own question with the lower blue line. I don't trade this pair, but from the looks of your chart, that is a round number and at least a minor ppz. We would expect the price to bounce there. In this case, you can do 1 of 4 things: Move stop to breakeven, take some off the table, do nothing and hope it breaks through, or wait until the area is breached to enter your trade. (Thanks Jarroo! Hope this was right, just from memory after reading 1000...
Yes that's right, James16's "This is Critical" : http://www.forexfactory.com/showpost...ostcount=15568

There is a bit of traffic on this one which isn't that bad. The size could be a lot bigger though. Fighting a strong down trend. (I hear Ryanmcd talking to the screen on this one. lol)

It hasn't failed yet although a tough one to hang on to.

(Not a Sunday bar, its Monday's)
Attached Thumbnails
Click image for larger version

Name:	gadaly.gif
Views:	39
Size:	21.0 KB
ID:	426253    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56091  
Old Feb 24, 2010 4:43pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by benem View Post
I just spotted this daily pin on aud/jpy, but it doesn't convince me due the short size although is setted on a PPZ,365 ema and 38 fib and round number 80.00

What u think??
Let's see how she breaks.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56094  
Old Feb 24, 2010 4:51pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by triger88990 View Post
be quiet!!
Hey triger. Who are the new babes you got there.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56100  
Old Feb 24, 2010 5:22pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by bundyraider View Post

Take a position in both at the same time.
That's my dream. lol
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56102  
Old Feb 24, 2010 5:26pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by joelcf View Post
Clearly, the solution is to trade them both, but on different timeframes to avoid correlation issues - otherwise, your positions might cancel each other out...

...and you will end up trading against yourself.
Wait . . what? . . .oh . I thought you were talking about the girls.

What a minute . . . you are talking about the girls.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56107  
Old Feb 24, 2010 6:04pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by benem View Post
All right...i'll blow as much as i can

No praying here buddy. lol It's not a bad setup, you mentioned all the pros and cons about it. Sure it could be bigger, etc. Is it an A+ trade that James16 would post? probably not . . but maybe.

That 80.00 is a strong PPZ level, what a great place to look for some PA. The only thing missing for me is a nice hard break. The 80.00 is a great place to hide a stop loss. Looks pretty easy and safe to me. Should be fun to watch.

Edit: Forgot to add the 150 ema confluence.
Attached Thumbnails
Click image for larger version

Name:	audjpy daily24.gif
Views:	58
Size:	26.0 KB
ID:	426293    
__________________
Indicators show the past. Price Action "Indicates" the future.

Last edited by jarroo, Feb 24, 2010 6:14pm
Reply With Quote
  #56109  
Old Feb 24, 2010 6:32pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by Ryanmcd View Post
I would get long that trend is up, Also if you get good and you have the balls you could SAR and double down, I do that sometimes lol

SAR . . what was that again?

edit: Oh . . Stop And Reverse
__________________
Indicators show the past. Price Action "Indicates" the future.

Last edited by jarroo, Feb 24, 2010 6:55pm
Reply With Quote
  #56110  
Old Feb 24, 2010 6:43pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by yarin View Post
"A" setup?
Not an A setup. Bearish PB at a bad location. We like these babies at a swing high.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56112  
Old Feb 24, 2010 6:56pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by mrsingha View Post
I'll take 'em like this all day long.
Absolutely.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56114  
Old Feb 24, 2010 7:02pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Let's see how she rolls.
Attached Thumbnails
Click image for larger version

Name:	audjpy daily24a.gif
Views:	53
Size:	29.2 KB
ID:	426322    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56116  
Old Feb 24, 2010 7:30pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by bmenoy View Post
Hello all,

I've been silently reading this bits and parts of this gigantic forum and finally decided to just jump in and ask questions.

Looking through the many pairs available, I notices that there were several pinbars present at today's close. Just to start off with one, lets look at the below EUR/NZD pair....
I believe you meant to say "bearish" PB in your 1st question. It is bearish because the the Open and Close are at the bottom 1/3 of the bar. It is not structurely correct in that it is blue or the Close is higher then the Open.

We want these bearish PB at swing Highs preferably at a retracement level (50% ret and/or Fib level) with the trend. Also structurely correct with the Close lower then the Open. Plus confluences to support the setup makes it even sweeter.(trendlines, PPZs, emas, etc.).


I would not look to Macd for trend confirmation. Just for divergence as a confluencing tool with a given setup.
Attached Thumbnails
Click image for larger version

Name:	eurnzd.gif
Views:	34
Size:	20.2 KB
ID:	426328    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56146  
Old Feb 25, 2010 12:45am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by PippingMama View Post
Hi Guys,

I think it is now an easy past for me like Mike said all the time, only take the big bar and it will avoid lots of traps.

This pinbar is much smaller relatively compare to those red bars before.

Location is nice but I am being more pickier now than before, I like big bars more now than before. The big bar rarely lies.

Thanks Mike!

PM
Quote:
Originally Posted by PippingMama View Post
Hello Jarroo,

For this trade, do you wait for the price to retrace back to 80 and take a loss. Or you kill the trade a little earlier?

It is a bad break for sure and just want to know how do you handle this situation?

Thanks!

PM

I did take this trade for a -40 pip loss. My stop loss was pretty tight (purple line) which was a previous High. Price blew through that like butter so I decide to end the trade. I was going to hide behind the 80.00 but Price was moving so fast I just killed it.

Once the hard break didn't happen red flags start going off in my head. If this was a higher quality setup I would have given it more leeway. Its either make it or break it, no pun intended. lol

Yes, Big Bars rule. The thing is . . this loss does bother me at all, in the past in would have. Honestly, I would take it again if it presented itself again.
Attached Thumbnails
Click image for larger version

Name:	audjpy daily24b.gif
Views:	52
Size:	28.8 KB
ID:	426498    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56148  
Old Feb 25, 2010 12:51am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by giotto View Post
Just closed my EU 4H PIN trade +80, keeping 1/2 position with SL above last 4hr candle. Seems to me, that TL was broken and with small retracement it could continue more downwards. Which would offer enourmous free traffic area, don't see any more PPZ on 4H or daily.
Quote:
Originally Posted by giotto View Post


I know that previous one was in better area, but this seems to me as a rejection of that big PPZ barier around 1.3600 and as a confirmation of previous support lvl. I am going to move SL above high of this 4H bar as soon as a new at 11pm will be created.
Nicely done and managed giotto.

Notice that your stop loss placement was above the bar that breaks. Interesting.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56150  
Old Feb 25, 2010 1:11am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by daveoz001 View Post
Thanks Cory and Jarroo

The funny thing is that I did wait for it to breech that blue line, and as you can see that is exactly where it turned.
The other blue line was what I thought was the next area of resistance and where I planned to exit.

Guess I'll keep watching the charts reading the thread and watching the videos,(which might I add are all excellent) and at some point in the future I'll see what needs to be seen, without question.

Also would it be too much trouble to give a short list of some of the pairs you watch........so...
So this was a great trade for you Dave. (your demoing , right?)
What I mean by "great trade" is that the 1st blue line should not have surprised you when it reversed. You know now why it did. Do you know how many people would not know why? Alot. lol.

Now it just come down to time and practise my friend. A bar Close above that 1st blue line would have been a good confirmation that the trade may have some legs. Yet, the BUOB is still very much valid. Your going to learn alot from this one.

lol Ryan is not a big fan of countertrend trades, which this is one. I can't blame him a bit.
Attached Thumbnails
Click image for larger version

Name:	gadailya.gif
Views:	60
Size:	21.3 KB
ID:	426514    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56153  
Old Feb 25, 2010 1:32am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by giotto View Post
Thanks Jarroo. Getting into it slowly, although I have been trading for few years with different approach, but this is something I want to be more familiar with

Can I ask you what kind of trailing stops you use with PINs? As you can see, mostly market gets back to PIN eyes lvl and turnover and continue with original direction. In my experience, putting SL around pre-PIN bar H/L and then move it to break bar H/L asap with last 2bar H/L trailing works at best to me. Comments to this are more than welcome

I like it and do it all the time. Mike's 2 Bar TS is excellent.

Check out the Eur/Gbp 4 hour PB (hehesam's trade). The trade I didn't take. lol

The break wasn't that hard and fast, but it hanged around the break level. It didn't run in the oppsite direction like the Aud/Jpy trade.

The bar the broke gave a nice stop loss placement and held up nicely. The 1st target, which is a S/R level, was hit nicely. And the 2 Bar TS would serve its purpose. Easy stuff.
Attached Thumbnails
Click image for larger version

Name:	eg4hour25.gif
Views:	44
Size:	29.4 KB
ID:	426520    
__________________
Indicators show the past. Price Action "Indicates" the future.

Last edited by jarroo, Feb 25, 2010 1:43am
Reply With Quote
  #56154  
Old Feb 25, 2010 1:38am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by daveoz001 View Post
Thanks again Jarroo,
Yes I am demoing, I have a very small live acc. but I have yet to take any trades with it.
I am only willing use use my hard earned, when it is beyond doubt that I can be consistently profitable. So it could be a while!!!

Waiting for a close above the ppz is some advice I will remember.
And I realize that it was making lower bottoms albeit only slightly.
Silly me for thinking that made it ok to trade.

No more peeing into the wind for me!!!

1 trade 2 valuable lessons!!!!!

Now lets see what mistakes I can learn from tonight........
Your plan is very smart. I would say your 95% ahead of the game just by taking this approach. God knows I wish I did. lol

It just take some time . .. its a marathon not a sprint (where did I hear that before. )

Your on the right path my friend.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56157  
Old Feb 25, 2010 2:05am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by Ezzy View Post
Hi all

I was watching the charts last night (Oz time) and reading this thread as well when I noticed something very interesting, however I didn't realise it until this morning when I kept thinking about it.

Anyway, the chart was showing a possible set up with the usual PA and in a nice PPZ, however, MACD was showing what looked to me to be divergence in the wrong direction. I am just wondering, if divergence alone would prevent you from entering what could seem like a pretty good trade.

Thoughts and comments are most welcome.
Divergence is a nice confluence to have on a trade, but its not a trade breaker for me.

I don't believe that Mike's trade below gave divergence on macd. And since it wasn't there, I'm sure it didn't stop Mike from taking it.
Attached Thumbnails
Click image for larger version

Name:	a2.gif
Views:	24
Size:	13.9 KB
ID:	426541    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56160  
Old Feb 25, 2010 2:15am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by Ezzy View Post
Thanks for your reply Jarroo,

I was just wondering if PA and other confluence are giving an opportunity for a trade to the downside for example but the divergence is to the upside.

I am not sure if I am explaining this clearly, but hope that you understand what I am asking.

Many thanks
Isn't that called "inverted divergence" or "hiden divergence".
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56244  
Old Feb 25, 2010 3:41pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by Dale View Post
Hi

I have a tech question, does anyone know how to fix a data spike in MT4?

Thankyou for any help.

Dale
Wow. That's one hell of a breakout trade Dale. Nice. lol
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56246  
Old Feb 25, 2010 3:52pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

How pretty is this Cad 4 hour PB.

Although the PB is not structurally correct, meaning the Close is not within the previous bar and we would like the Close lower then the Open in a bearish PB, you got to like the swing high at a Strong PPZ level.
Attached Thumbnails
Click image for larger version

Name:	cad25.gif
Views:	27
Size:	27.8 KB
ID:	427085     Click image for larger version

Name:	cad25a.gif
Views:	19
Size:	26.9 KB
ID:	427086    
__________________
Indicators show the past. Price Action "Indicates" the future.

Last edited by jarroo, Feb 25, 2010 4:29pm
Reply With Quote
  #56250  
Old Feb 25, 2010 4:21pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by PippingMama View Post
Hello Jarroo,

When describing the big RN, shouldn't it be those 500 pips difference? Like 1.05, 1.1, 1.0?

I know 1.0650 is strong but do you still describe it as big RN?

Really want to clarify this.

Thanks!

PM
I think I saw that right when you did. lol

No, I do not consider 1.0650 a big RN. My mistake.

What I was looking at was the strong PPZ level on the Daily. I was thinking PPZ and typed Round Number. I'll make the correction.

It must have been a freudian slip between big RNs and PPZ levels. lol

Thanks,

Jim
Attached Thumbnails
Click image for larger version

Name:	cad25a.gif
Views:	19
Size:	26.9 KB
ID:	427082    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56252  
Old Feb 25, 2010 4:43pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by endo77 View Post
What's your spread on that pair jarroo? My spread would've gobbled up half the profits on that EG4h trade...

My spread on the EG is 5 pips. Yes I understand that the move was small about 15 pips. Let me ask you this . . . would you trade this differently if the move was 150 pip? 550 pips? The chart would still be the same, right? Or what if each pips was worth $5 or $50 or $175 a pip?

I think you see my point .. . forget the amount of pips and the amount of money . . . Once you start looking at the charts as a guide instead of the pipage or money you will have an "Ah-Ha" moment.

Also, it all about learning here, my friend.


Jim
Attached Thumbnails
Click image for larger version

Name:	eg425.gif
Views:	27
Size:	24.4 KB
ID:	427095    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56254  
Old Feb 25, 2010 4:49pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by mbqb11 View Post
DUDE 5 pips! what we need to get you another broker, at least for that pair
It that high? What is yours?
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56257  
Old Feb 25, 2010 4:55pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by mbqb11 View Post
1-2

Mike
Oanda right?
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56260  
Old Feb 25, 2010 4:57pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by uraceulose View Post
Oanda is almost always 1-2 on EU
same with EG right?
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56261  
Old Feb 25, 2010 4:57pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by mbqb11 View Post
Oanda is usually 2 I think it is now. My ecn is anywhere from 0-1(more 1)
Thanks.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56266  
Old Feb 25, 2010 5:23pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by mbqb11 View Post
I am with MB

yeah this thing move FAST now. Gotta check in every few hours :P
I'm checking it out as we speak. Thanks Mike.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56269  
Old Feb 25, 2010 5:36pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by lmturek11 View Post
my 4h $/cad chart does not match Jaroo's. do I need to change a seeting on myMT4 platform? I have noticed this with Benjis aud/$ also. Thanks in advance

Quote:
Originally Posted by mbqb11 View Post
Hey LM

This is simply b/c different broker have different daily closes which will effect daily bars, and 4hr bars. Forex is not a centralized market thus no centralized time. To get the different bars you would need a broker with that close time.

Price is still price though, it is just aggregated different

Best
Mike
I look at many different brokers to see Price differently. Mainly its just 2 or 3.
Attached Images
 
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56273  
Old Feb 25, 2010 5:50pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by supremeChaos View Post
good 'broker collection' Sir. but not good enough, lol
im not using my personal PC, (& im very sleepy, lol), but im sure i've got more than that.

but same here, i view mainly a few.
Some have Oil and the like, some have other pairs, etc.

One thing that is interesting is that an A+ setup, I mean the real A+++ ones, show up on most if not all brokers no matter how their aggregated.

Check it out yourself.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56276  
Old Feb 25, 2010 5:59pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by joelcf View Post
I thought I was bad with 5 accounts. You could practically collapse the entire foreign exchange market with a bad long position
lol. I don't have an account with these . . just for charting.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56279  
Old Feb 25, 2010 6:03pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by ikki View Post
hey Jarro,

That's true,. A broker can show you a Pinbar, another different a double Pinbar,.or BUOB but in context is all the same... good Price Action...

Exactly. Just a way of getting more confirmation on a good setup.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56281  
Old Feb 25, 2010 6:15pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by benji533 View Post
Thanks Tia.

I should be much more careful with what I post I guess.
I am doing James pure stuff for a while, and this is one of the things I feel are important for his style to be successful. Not because of the fact of higher profits, but because HE KNOWS THAT IF HE WILL BE A GOOD BOY, STANDING ON HIS HANDS LONG ENOUGH, BEING PICKY, PATIENT, DISCIPLINE, AND FOLLOWING HIS OWN RULES, HE WOULD GET REWARDED. I feel like this is like a prize your parents give you if you are a good student at school. If you work hard enough, you'll get X3, but if you...

Great post, Ben. Points 1, 2 and 3.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56292  
Old Feb 25, 2010 7:09pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Eur/Jpy BUOB. Now that's a hard break.
Attached Thumbnails
Click image for larger version

Name:	eurjpy425.gif
Views:	40
Size:	27.1 KB
ID:	427206    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56293  
Old Feb 25, 2010 7:14pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by jarroo View Post
Eur/Jpy BUOB. Now that's a hard break.
.
Attached Thumbnails
Click image for larger version

Name:	eurjpy425a.gif
Views:	29
Size:	27.1 KB
ID:	427217    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56297  
Old Feb 25, 2010 7:24pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by ljr View Post
lol. I was about to ask: 'Aren't you worried about that bar low on the left?'
Quote:
Originally Posted by PippingMama View Post
Jarroo,

Nice catch, wish I could caught it!

Good location. I think you move BE already.

PM
lol


Half off at the 1st blue, 2nd half just below break even at 120.85.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56301  
Old Feb 25, 2010 7:45pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by vlazaf View Post
Similar setup on USDCHF.

Any thoughts on this one?
Your thoughts summed it up nicely. An easy pass on this one.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56304  
Old Feb 25, 2010 7:56pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by vlazaf View Post
Hence a C rated setup?
C trade, maybe. But we know its not an A trade from the points you made.
Someone my look at it and say A+++, good for 35 pips, and could work out nicely. We like to have more certainty in our trades and this is where our strict A+ criteria comes into play.
Attached Thumbnails
Click image for larger version

Name:	nok.gif
Views:	32
Size:	26.7 KB
ID:	427239    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56305  
Old Feb 25, 2010 8:02pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by Cherry View Post
This was my chart, where you had a BUOB, mine wouldn't even count as a pin would it?

Cherry
That would be a more of neutral bar or "spinning top". These formations give more of an indecision of where Price my be heading. Where as PBs can give an indication where Price is going i.e., bullish PB, bearish PB. Neutral bars are tradable at the right location but a bit risky.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56351  
Old Feb 26, 2010 12:23am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

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.
Hey DS. What's up?
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56353  
Old Feb 26, 2010 12:42am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by Piggleop View Post
EUR/USD - SHORT

I was wondering what you guys thought about this. A bearish reversal signal, at resistance, after a long run up...Is this okay to fight the trend given such a clear signal?

I've been working on situations a lot like this. I like to trade with the trend, but i feel reversals, given some wiggle room and the right situation, can offer a great R:R ratio.


in contrast to trading with the trend here:
Is that a 20minute chart?

What clear signal are you seeing?
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56355  
Old Feb 26, 2010 12:59am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by Piggleop View Post
Bearish engulfing, forget what it's called on bar charts, at resistance level.
We call it the same thing on the candle chart, BEarish Outside Bar. But the candle (or bar) has to engulf the entire previous candle. This one does not.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56357  
Old Feb 26, 2010 1:14am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by stewrigh View Post
No but it is a DBHLC...lol
No, its not a DBHLC. Its a BEBLC, BEarish Bar Lower Close. The Highs do not match.
Attached Thumbnails
Click image for larger version

Name:	euro20m.gif
Views:	29
Size:	23.6 KB
ID:	427360    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56360  
Old Feb 26, 2010 1:22am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by Piggleop View Post
I realize it doesn't engulf the entire previous candle. Isn't this very difficult to do in forex, seeing as there aren't gaps? Are you implying that I shouldn't be making a trade with a near-bearish candle and must be more selective?
Not sure what gaps have to do with Outside Bars (candles). But yes, not only more selective with the formation of PA, but more so with their location.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56363  
Old Feb 26, 2010 1:41am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by stewrigh View Post
J - I thought it was the body of the candle we looked at rather than the wicks for these or do I misunderstand.
Its the wicks or the bodies, as long as the Highs match. We don't see them often match up exactly. Some people, like myself, will give some leeway by a few pips when they don't match exactly. Like this one on the Aud/Jpy Weekly.

edit: Thanks Mike. I haven't seen to many body Highs match very often. lol
Attached Thumbnails
Click image for larger version

Name:	ajweekly.gif
Views:	27
Size:	22.4 KB
ID:	427381    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56367  
Old Feb 26, 2010 2:00am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by mbqb11 View Post
Funny you say that but actually there is something interesting. When a candle/bar closes at its very low, or closes at its very high. Meaning the high = the close, or the low = the close. There is a large tendency for price to reverse on those bars. I read it from Larry Williams, and I never really got around to much testing, but it is pretty interesting at the right places

Mike
That sounds cool. I've see them, high/low = close, never really thought much about them though. I'll have to take a closer look.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56437  
Old Feb 26, 2010 2:52pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by nasir.khan View Post
Thank's man.

Hey nobody talking about this cherry.
.
Juicy, very juicy.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56438  
Old Feb 26, 2010 3:05pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by benji533 View Post
I remember a few weeks back someone asked me if moving my stop to break even at the first trouble instead of letting it more space have saved me from a lose. He wanted an example.

Here is a recent example. I took this bar as a pure James16 trade. A nice pinbar size with close within the prior bar, extreme swing low in space (check Mike's pinbar video) and some supporting divergence.
It took a bit time, but eventually price went exactly where I knew it will go, and reserved. I came out with a break even. This will happen 95% of the time....
Quote:
Originally Posted by benji533 View Post
And here is another BE trade from a few days back. I moved my stop to break even at the first trouble area, 23 pips away, within 30 minuets.
Yes, I miss big moves sometimes. But does it make me thinking about my method? hell no. I won't change my mindset or start mess around funking up my psych because I see this happen. If it will happen again, I would do the exact same thing again.
Mike made money on this trade and I did not. Neither of us are right or wrong. But both of us are right by following our plan and knowing what we are doing.

This...
Great posts, Ben.

I think I see a small tear welling up in James16's eye.
__________________
Indicators show the past. Price Action "Indicates" the future.

Last edited by jarroo, Feb 26, 2010 3:15pm
Reply With Quote
  #56442  
Old Feb 26, 2010 3:07pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by antgal23 View Post
Hello

you guys have referred to Jim's videos, where can I view them?

Cheers

Anthony
http://www.james16group.us/Guests/guest.html
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56444  
Old Feb 26, 2010 3:08pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by mary4x View Post
Benji, unit tj, dhb, Jarroo: where do I find James' videos, including the Rants & Charts video? Is Mike's pinbar video something else? If so, where is that? Thanks for your help.
http://www.james16group.us/Guests/guest.html
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56449  
Old Feb 26, 2010 3:25pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by nasir.khan View Post
And guess what Mike will say about it.
.
The only thing I don't like about it is that its happening late on Friday, which I do not like to take new trades. It happens alot late on Fridays from what I have seen. I think the markets likes to tease us J16 traders late Fridays. lol
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56452  
Old Feb 26, 2010 3:31pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by nasir.khan View Post
Haha you got it right and maybe he'll add this,

I would have like it to hit the RN and make double top also.
.
One to watch on Monday for sure.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56457  
Old Feb 26, 2010 3:33pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by vlazaf View Post
Hence a C rated setup?

Quote:
Originally Posted by jarroo View Post
C trade, maybe. But we know its not an A trade from the points you made.
Someone my look at it and say A+++, good for 35 pips, and could work out nicely. We like to have more certainty in our trades and this is where our strict A+ criteria comes into play.

The power of Price Action. James16 talks about being able to trade in these consolidation areas. Here is a great example of one. Time and practise is the name of the game.
Attached Thumbnails
Click image for larger version

Name:	nok.gif
Views:	49
Size:	26.7 KB
ID:	427962     Click image for larger version

Name:	noka.gif
Views:	39
Size:	26.8 KB
ID:	427964    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56461  
Old Feb 26, 2010 3:39pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by mary4x View Post
Am I correct that I have to join the group ($129/mo) to view the videos?
No. You do not have to join the group to view the Guest videos.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56465  
Old Feb 26, 2010 3:42pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by benji533 View Post
No. There is a bunch of free stuff here: http://www.james16group.us/Guests/guestmaterial.html

That's a better link, Thanks Ben.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56467  
Old Feb 26, 2010 3:44pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by StoragePro View Post
- although there is much more noise.
Hey . . I resemble that remark. lol
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56469  
Old Feb 26, 2010 3:53pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by triger88990 View Post
In my book is an A trade.Being here for a while,you can easily profit from them.

And the facts that she retrace past the break point after she reached the first trouble zone wasn't a surprise for me,that's way I didn't move my SL at BE.

Because is important when this move happen,after the equities market open everything was set in place.

I'm just following my plan

all the best!
Also,

Retracing back into the setup, as this one did before it hit its target, is a true characteristic of this type of tight consolidation, i.e. heavy traffic.

Some consolidation areas are not as tight (spacey) and can give a better, less draw down effect.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56471  
Old Feb 26, 2010 4:02pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by nasir.khan View Post
Be careful with that one.

They ban people after 6,751 posts.

Say your last words here and then i'll ask Twee to.........

That much already . . .I do provide alot of noise, don't I. lol
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56472  
Old Feb 26, 2010 4:10pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by benji533 View Post
lol sorry for attacking this thread today. just so much good opportunities.
Here is another one which could make a great deal to your account if managed correctly. I missed it.

It's just pure quality of price action bars at the right locations. Nothing fancy.
Tight management with a big enough account is all you need if you have the right mindset. Catch the best three from all these opportunities, and you are more than fine for this month.
Attack away, my friend.

Caught this one. Was very aware of the counter trend perils. It really is a great way to trade.


Quote:
Originally Posted by jarroo View Post
Eur/Jpy BUOB. Now that's a hard break.
Quote:
Originally Posted by jarroo View Post
.
Quote:
Originally Posted by jarroo View Post
lol


Half off at the 1st blue, 2nd half just below break even at 120.85.
__________________
Indicators show the past. Price Action "Indicates" the future.

Last edited by jarroo, Feb 26, 2010 4:25pm
Reply With Quote
  #56475  
Old Feb 26, 2010 4:23pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by benji533 View Post
And I believe this draw down effect is a very bad psychological and emotional effect on big account holders. That kind of draw down makes james kill his trades with a loss, and then see it become a winner after he exited....which lead to additional psychological problems.

Although I know I can make money on these kind of setups, I prefer, at least at this stage, to leave this potential profit along with the draw down involved.

I can summarize this in your own words..."an A+ setup is a momentum setup", or, "hard break". When you move your...
It really is that "dirt simple folks". The funny thing is that James16 seems to prefer these type of consolidation setup, albeit not as tight ( I believe).
I really don't know what else could be easier.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56476  
Old Feb 26, 2010 4:27pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by benji533 View Post
That's because no one watches James16's videos, following his principal, and trying to get inside his mindset as a trader. Or not letting this stuff sink in?
All I needed is a few shots of James "rants and charts" video. Man, that thing worth like 10,000$ + alone imo.
I know jarroo watches Jame16's videos again and again every few days/weeks. I can see it through his charts.
I do the same.

Man, it's around the 8 months since I know what forex or trading is. I can't believe people are doing it for 30+ years and I can get all this experience at...
And a heavy dose of Mike's videos too.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56477  
Old Feb 26, 2010 4:36pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by nasir.khan View Post
Haha thanks but there is still 17 days left you never know.
.
Quote:
Originally Posted by strateg119 View Post

ps Niece job http://www.ifcmarkets.com/en/contest/ Now You are not moving the market, the currency is You.
Dude . . .you turn $10,000 (demo) into over $100,000 in 10 days.

Share the wealth brother . . . how did you do that?
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56479  
Old Feb 26, 2010 4:49pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by LasVahGoose View Post
Wow, now that is how I always pictured trading.
me too. lol
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56481  
Old Feb 26, 2010 5:16pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by Jcp View Post
I have been studying this thread for awhile now, and I finally just want to chime in and say thanks. Reading this thread has completely changed my outlook and attitude towards trading. I have been studying technical trading for about 5 years now, all with demo and small accounts. Luckily, I haven't lost large sums of money, but I haven't made many profits either. The one thing I have learned on my own is the emotional discipline necessary to get started in the right direction. The level of clarity I now have is refreshing. My endless search for...
Welcome Jcp. Nice post.

Maybe we can see a chart or two from you soon.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56482  
Old Feb 26, 2010 5:18pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by mbqb11 View Post
Well location wise it would be considered juicy but time of day(late friday notorious for just profit taking) and size would actually have me real worried about it.

Not to rain on the parade :P

Mike


Thanks Mike. I would call it shining light, not rain.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56484  
Old Feb 26, 2010 5:30pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by newjack View Post
Hi guys,

Been following for quite a while, just wondering your thoughts on this chart? Nice looking pin at daily ppz, with good room to move. Next problem area I see is around 1.6589.
I do like the location and swing low, but after such a strong move down we need some big bold PA to counter act that move.

Your target is a bit aggressive, I could say that the 4 hour PB's 1st target was already hit.

Welcome btw, Jack.
Attached Thumbnails
Click image for larger version

Name:	gchfdaily26.gif
Views:	43
Size:	23.4 KB
ID:	428032     Click image for larger version

Name:	gchf426.gif
Views:	45
Size:	21.3 KB
ID:	428033    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56486  
Old Feb 26, 2010 5:36pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by Ryanmcd View Post
CT trading again? What happened on that last one Just take the trend trades it's so much easier and makes so much more money, if you are are going to CT it at least do it when the market is sideways at a extreme.
Well said Ryan.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56564  
Old Feb 28, 2010 11:10am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by benji533 View Post
Hey guys,

If anyone has any kind of book or movie regarding trading psychology which was helpful, please PM me and let me know. Any good stuff would be appreciated except of "trading in the zone" and "the secrets of emotion free trading".

Thanks,

Ben
This is interesting.

Greatest enemy: Ego

http://www.wimp.com/theego/
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56568  
Old Feb 28, 2010 12:17pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by Jcp View Post
Hey jarroo, here's a purchase from yesterday

Venturing down to the 4 hour time frame(for me), one has to know where the higher time frame PPZ levels are located.

As sChaos was noted and you have agreed with, that the PB was very small inrelation to the move down. Countering that big trend down with such a small formation will cause more harm then good unless a very tight trade management is applied, which you were aware of.

Big PA at big, strong levels is where the great trades live and breed. Location is the most important part of a high quality PA setup. But if I were to take a small size setup it would be at these strong confluenced levels.

I'm not saying your small PB was a bad decision, it was a small PB at a good location with divergence confluence. I guess I'm asking you if you knew the underlining strengths of the trade?

Jim
Attached Thumbnails
Click image for larger version

Name:	eurow28.gif
Views:	52
Size:	29.1 KB
ID:	428546     Click image for larger version

Name:	eurod28.gif
Views:	47
Size:	26.3 KB
ID:	428549     Click image for larger version

Name:	euro4hour28.gif
Views:	43
Size:	25.2 KB
ID:	428550    
__________________
Indicators show the past. Price Action "Indicates" the future.

Last edited by jarroo, Feb 28, 2010 2:01pm
Reply With Quote
  #56569  
Old Feb 28, 2010 12:32pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by ertorque View Post
Quote:
Originally Posted by vlazaf
Similar setup on USDCHF.
Any thoughts on this one?
Hey Vlazaf,
Think you would have noticed this.
Had you taken this 'less than A+' setup, would have made u some pips. But this is the kind of scenarios that we as traders have to deal with......it is wiser not to risk loosing money (by not settling for less than A grades setups) even though...
Yes it is, cy. Well said.

Its all part of being a picky J16 trader. Seeing "soso" setups fly to the moon is something that we have to deal with but it does confirm that Price Action is powerful knowledge to have. Over time, with practise, some of these "soso" setups begin to look pretty easy when managed correctly.

Jim
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56570  
Old Feb 28, 2010 1:34pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by oromek View Post
i'm looking for possible setup before starting new week, and i found such 2D PB on USDCAD. It's rather not a special place, the only one confluence that i see is pivot line. Also very close to first trouble area.
I'm very curious how other people would rate this?
Well its not an "A" trade as you have noted. Subpar at best. A easy pass on this one.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56571  
Old Feb 28, 2010 1:46pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by chatzi View Post
The eur/usd is at a crucial level 1.36 and looking at the weekly it cant close below it, could be the start of a move up, or it it closes below then further move to 1.32? The IPB is interesting?

On daily it broke back above, could be a potential retrace to 1.36 and bounce up.
That may look like a PB or IPB on the Weekly but it's an Inside Bar. An I8B.

I do like the location and Price maybe tighting up, consolidating around this level. We shall see if we can get some solid PA or breakout with PA at this level.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56573  
Old Feb 28, 2010 1:59pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by chatzi View Post
Thanks Jarroo, I've not really read much about the IPB.
Check ghous posts on them. He's done some great reseach on their trading potential. They provide a low risk, high profit trade. But again, this does not qualify as one.

Check 'em out.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56606  
Old Mar 1, 2010 12:20am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by scott89 View Post
So guys, what do you think about the audnzd daily pinbar?
Perch told his thoughts, what about the others?
I know i'm pressing you a lot with this, but i started today to demo trade pin bars, so i want to know how to find a++ setups

waiting for answers
many thanks
Quote:
Originally Posted by mbqb11 View Post
Hey Scott

We want to look for pins at the appropriate swing levels, especially when starting out. This is a pinbar at a swing high where we would want this at a swing low. Mine also barely closed as a pin. I have marked where price is likely to go, but all in all not a prime location in my book

Hope that helps
Mike
Hey scott.

Mike's take on this setup is 1st rate as always. The one thing that you can get from a Mike strict PA setups (swing High/Low, confluenced with PPZ levels, BRN, etc) is that the Mike setup will yield many more pips. We're talking a few hundred to a thousand pip runner. It is the very basic underlining structure that makes Price Action so powerful.

These consolidated setups or highly trafficed (trafficed, is that a word) setups, like the Daily Aud/Nzd PB, tend to be less yielding in the amount of pips they produce. Don't get me wrong, they can be very rewarding and predictable in where Price is going.


My take on it . . . let's look at the BEOB prior to the PB. Nice BEOB at a swing High, it managed to break through the strong Resistance level (in green) of the 128.00. Hit its clear target in blue cleanly and now it formed a PB which the 128.00 could now act as Support.

Just curious Mike if you would view this as a breakout - pullback with PA setup? I think I know your answer.
Attached Thumbnails
Click image for larger version

Name:	anzdbeob01.gif
Views:	55
Size:	25.1 KB
ID:	428840     Click image for larger version

Name:	anzdpb01.gif
Views:	45
Size:	25.1 KB
ID:	428841    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56608  
Old Mar 1, 2010 12:23am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by Jcp View Post
Jim,
Thanks for your feedback. I've attached the hourly chart I based my trade on. I had the 3485 as being a very strong level of support, but was also aware of the caution needed due to the fact that the overall trend is down. I'll work on posting better detail on my next trade. I have also spent some time this weekend refining my trading plan and business strategy, and am looking forward to sharing more with you all as I progress.

Cool Jcp.

I just wanted to note the other supporting factors that gave a little more wieght to your trade.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56610  
Old Mar 1, 2010 12:45am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by mbqb11 View Post
Hey Jim^2

You are right it is all about location. I always add the caveat these days that ultimatly the bars are triggers and location is everything. So I just try to stress(since I think more beginners in the public thread) the traditional spots. What I do want everyone to know is that I take trades at all areas. Continuations, pullbacks, open space etc. So I thought I would just note that. But I can usually tell when someone is just looking at the bar as opposed to you understanding the location. So I think the ability to play the different...

Thanks Mike. I guess I did get away from the basic building blocks and no it wasn't confusing only because I've veiwed your videos many times. lol

But the important point of the basics you teach is that they do generally produce more longer term movements. Meaning that keeping it simple and to the basics is a great place to be and stay. Its not that one has to go any farther then that, the basics.


Jim
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56648  
Old Mar 1, 2010 10:13am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by nasir.khan View Post
Nothing special Jarroo,

You know how powerful this stuff (PPZ's) is so i just mixed some stuff from ROASO and Rac's charts really got me going. I am having huge amount of success and i am glad that i have found my own thing that suits my personalty.

This is all in testing stage and i would like to demo it further. After i'll gain confidence i'll let you guys know more.
.

Cool. Bring home the Gold buddy.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56651  
Old Mar 1, 2010 10:30am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by tormo View Post
Mike, isn't it past you bed time in NY already, when do you sleep, lol
As you may or may not know, Mike is also a Ninja. He able to command to his mind many things that he learned through his Ninja studies.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56662  
Old Mar 1, 2010 11:15am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by oromek View Post
hi Shauns
i missed 150EMA, which gives some additional weigth to this setup. As a matter of fact i was rather unsure of this setup and decided not ot take this position on daily. But later i spot small PB on 4H touching 365 and 150 EMA's, and decided to trade here, i opened short at 1.0512 and decided to be extremly carefull here and move SL to BE after touching purple line on my chart (it was very close, only 15pips from opening price). It was happened like that, price hit first trouble area and reversed closing my trade at BE, so i'm happy as...
Besides that the setups was far from being an A+ setup, I see no other critcism to how you saw and managed this trade. The PB had supporting confluences, although very small. A clear strong target, 1.0500 BRN at a PPZ level.

Once the target was hit, you can see what the aftermath that would have been if the tight management was not applied. Well done, sir.
Others, I'm sure, would have been slaughtered.

The higher quality A trades are so much easier.


Jim
Attached Thumbnails
Click image for larger version

Name:	cad01.gif
Views:	37
Size:	26.3 KB
ID:	429269    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56663  
Old Mar 1, 2010 11:48am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by SeekingLight View Post
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"...
Oh yeah . . . its that time of the month . . the beginning.

Great post SL. Higher time frames Rule!
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56664  
Old Mar 1, 2010 11:59am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by datogio View Post
2X2 is not always 4 in this business.

Calm down David, and go on, go on and on and on.

Man I thought it could turn out a nice profit, but who cares what i think lol.

Nice trade datogio . . I think . . . could you break that down for me brother.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56667  
Old Mar 1, 2010 12:21pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by datogio View Post
Nothing complicated, trend line breakout and pull back as always, confluenced with ppz and fib 50%, and bonus pull back to the daily pb. but everything failed this time.
Oh yes, I see. It looked good.

I wonder what the Rac-man would think about this one.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56670  
Old Mar 1, 2010 12:29pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by ehrek View Post
Why would you have a sell order, if it re-entered its channel?? makes no sense.
Well it broke out of its channel (trendline) pulled back, and then ran into the PPZ level/ 50% ret wall. They do tend to work at times
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56673  
Old Mar 1, 2010 12:45pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by oromek View Post
watching from hindsight, it would be better to trade 2D PB and leave more room for a trade.

I would like to ask about my last losing trade, that was AUDJPY with BEOB at BRN=80, additionally counfluenced with 38 fibo line. I had a sell stop order waiting 10 pips under BEOB, price hit it, went down 4 more pips and reversed.
What things in your opinion should stop me before taking this setup?
regards

Its not a bad setup. I would like to have the swing High, higher. At the 50% ret. or the 61.08 fib.

I understand your initial S/R target in green. But there was one prior to that that it hit and reversed. There was much traffic on this one, that you probably knew. A higher swing High would have given it much needed space, less traffic.
Attached Thumbnails
Click image for larger version

Name:	audjpy401.gif
Views:	48
Size:	23.1 KB
ID:	429365    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56675  
Old Mar 1, 2010 12:51pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by ehrek View Post
Definitely a nice PPZ level, sure.

But the assumed downtrend is a bit premature from its longterm trend, which would make the fib, just a fib.

Freaky friday, is freaky! esp when its the last day of the month. I felt a correction comming, along with the EU

I got burned on shorts on the euro last friday :P.. well, stopped out anyway.
Agreed. Those countertrend trades are tough. lol
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56676  
Old Mar 1, 2010 12:56pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by oromek View Post
watching from hindsight, it would be better to trade 2D PB and leave more room for a trade.

I would like to ask about my last losing trade, that was AUDJPY with BEOB at BRN=80, additionally counfluenced with 38 fibo line. I had a sell stop order waiting 10 pips under BEOB, price hit it, went down 4 more pips and reversed.
What things in your opinion should stop me before taking this setup?
regards
I just notice my feed on my chart is different then yours. The near traffic is still there on your chart. Traffic that is near or close to your setup is critical to watch and be aware of.

You do have to like the 80.00 location. Since this setup (which wasn't bad) was short lived I see continued up movement on this pair. Some bullish PA at the 80.00 would be nice.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56680  
Old Mar 1, 2010 1:11pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by jarroo View Post
I just notice my feed on my chart is different then yours. The near traffic is still there on your chart. Traffic that is near or close to your setup is critical to watch and be aware of.

You do have to like the 80.00 location. Since this setup (which wasn't bad) was short lived I see continued up movement on this pair. Some bullish PA at the 80.00 would be nice.
Could this pinnish looking 8 Hour BUOB with a retrace to the 80.00 be it. I don't know, but I like it.
Attached Thumbnails
Click image for larger version

Name:	audjpy401a.gif
Views:	41
Size:	23.7 KB
ID:	429383    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56685  
Old Mar 1, 2010 1:26pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by mbqb11 View Post
Hey O

The reason I would pass on this one is the size of the bar. Jarroo correctly pointed out your trouble area you are trading right into, but for me this is an easy pass. Bar size and engulfing just one prior bar is enough to disqualify a setup. Like Jarroo pointed out with the USD/CAD

here is a trade I am in today as a continuation bar and watching now to close out depending what happens down here


Best
Mike
Big bars at Bold Round Numbers. Nice.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56701  
Old Mar 1, 2010 2:36pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by shauns1966 View Post
Help!!
I started demo trading about 9 months ago using J16 price action and after 3 months profitable trading finally opened a a spread betting account and went live last week.
[size=3][font=Calibri]Because it’s not possible to split a position within a single trade and take some money off the table my rules specify that when appropriate I take two separate equal sized spread trades on each position with the same entry and stop loss. This allows me to set an early target...
Shuans your doing great.

Never feel bad about taking a full profit or 2nd half profit at a predetermined logical target. Even if its before the target. Sure you will find that letting them run will yield a potential higher gain but that will come over time when you feel more confidence in your trade management style.

Your risk looks fine. Maybe reducing your risk to 1% or lower, would that help your "pull the trigger" problem? Try taking it on demo instead of live if you can't pull the trigger on a setup. What was making you feel that you couldn't pull the trigger? The setups wasn't A+ or was it the risk amount?

You seem to understand what was an A+ trade and which one were not by your post. Nothing wrong with continuing to demo while still having a live account. I do it all the time.

Time and repetition is on your side. It will build your confidence.

Your on the right path, just get pickier and pickier in your setup selections. And don't get cocky. lol

Good job. Post some charts, after the fact, from time to time. It will be great to see how your doing.

Jim
__________________
Indicators show the past. Price Action "Indicates" the future.

Last edited by jarroo, Mar 1, 2010 2:51pm
Reply With Quote
  #56740  
Old Mar 2, 2010 1:11am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by shauns1966 View Post
Initially I was identifying multiple set ups every day mainly less than B trades, but now even limiting myself to what I would class as a B+ setup I rarely see more than a couple of setups a week that I would commit to trading.
Great post shuans. This statment above in your post tells me volumes of how right the path you are on. Waiting for that great A+ setup is what's its all about.

I knew Mike would like the poker reference. I tell ' ya, a nice A+ trade with a hard break is like playing Texas Holdem and being dealt "3" Aces instead of just 2. lol



Jim
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56741  
Old Mar 2, 2010 1:13am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by shauns1966 View Post
I joined a couple of weeks ago. Best money I havbe spent, some excellent stuff in there. Have you taken the free guest tour? There's lots of good freeby's in there. James says he wants the free guest area to be better than most pay sites and I think he has suceeded!
Absolutlely.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56742  
Old Mar 2, 2010 1:30am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by spookie94 View Post
How do you get to that area?
Here you go spookie;

http://www.james16group.us/Guests/guestmaterial.html
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56743  
Old Mar 2, 2010 2:10am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by mbqb11 View Post
Hey Jim^2

You are right it is all about location. I always add the caveat these days that ultimatly the bars are triggers and location is everything. So I just try to stress(since I think more beginners in the public thread) the traditional spots. What I do want everyone to know is that I take trades at all areas. Continuations, pullbacks, open space etc. So I thought I would just note that. But I can usually tell when someone is just looking at the bar as opposed to you understanding the location. So I think the ability to play the different...

Hey Mike, that Daily Aud/Nzd continuation PB is turning out nicely. Maybe we'll hit some long term highs. Or, of course maybe that juicy BRN, 1.3000.
Attached Thumbnails
Click image for larger version

Name:	audnzddaily02.gif
Views:	36
Size:	24.5 KB
ID:	429783     Click image for larger version

Name:	audnzdweekly02.gif
Views:	29
Size:	26.6 KB
ID:	429785    
__________________
Indicators show the past. Price Action "Indicates" the future.

Last edited by jarroo, Mar 2, 2010 2:33am
Reply With Quote
  #56857  
Old Mar 2, 2010 3:54pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by ghous View Post
This will happen over and over and over again...can't help smiling at it each time it presents itself...a "confluence-laden" A+ setup doing exactly what you should expect it to do.

g.
Nice one ghous. (IPB)

Strong confluences in consolidation. Powerful stuff.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56858  
Old Mar 2, 2010 3:55pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by daveoz001 View Post
Hey guys,
Can someone tell me if there is a post anywhere, or maybe create one that has a list of the abbreviations commonly used on the thread?

I have figured out most, but Mike just threw out another that has me scratching my head......BRN......or maybe it's not supposed to be figured out as it's one of his "secrets".

C'mon Mike share the secret......Buy Right Now......Big Red Nuts.....Boys Rule the Nest.....

See what I'm going through.......and I know what you're thinking........Bloody Rude Newcomer!!!!!!!!!!!!

All jokes aside...
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56860  
Old Mar 2, 2010 4:09pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by oromek View Post
hi ertorque
i'n my opinion there is absolutly no reason to start doubting on PA. Take into account that properly managed, every one of your setups should finish at BE in the worst case, and PA2 and PA3 should earn some pips.

oromek
I like that statement oromek.

Quote:
Originally Posted by ertorque View Post
Hi Oromek,
, you were right abt those losing trades if managed properly would yield no losses (BE) and would in effect generate net positive gains with all 4 setups.
I don't understand your remark that entry is poor because it is done at S/R zone. I had thought the location is good since there are confluences of BRN of 80, off 38.2% of 2 FIBs (green and blue levels in my chart). The only cons according to our seniors are the bars not being big enough and probably space. Have I misunderstood you?

CY
Very good points CY, but an important key that is critical . . . James16's "This is Critical":

http://www.forexfactory.com/showpost...ostcount=15568
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56861  
Old Mar 2, 2010 4:20pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by icarusfx View Post
Hey jaroo, i knew you'd like this trade..... i think you may of missed my post( below) in response to trigger, but it's funny how we both used the word "juicy".

take it easy

ic
I may have missed your post ic, but then again mine mind picked up the word "juicy" from some where. lol

Establishing a zero risk position, with room to run, is always a very juicy proposition to me too.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56865  
Old Mar 2, 2010 4:38pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by Forex007 View Post
Why would you even want to think about smth that is crappy?.. SCPB is like being "almost pregnant" - you are either pregnant (hm, my wife is - but it will be all "over" in one month ) or you are not.
Congratulations, 007. A future trader in the making. He/she is going to have a great head start.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56868  
Old Mar 2, 2010 4:42pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by Ryanmcd View Post
Get off that Meth Mike! lol, wtf why don't you ever sleep?

lol

Re-post:

Quote:
Originally Posted by jarroo View Post
As you may or may not know, Mike is also a Ninja. He able to command to his mind many things that he learned through his Ninja studies.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56881  
Old Mar 2, 2010 5:16pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by Cbh123 View Post
Jarroo, I had an idea this morning and wanted to bounce it off you. I know you are a fan of having "free trades" just like I am, and that you used to take half off at the first level then move your stop the same amount of pips away from the entry. Do you still do this sometimes?

Basically I was thinking about how the FTA (First trouble area, someone recently coined this term ) can vary in terms of %R. I was thinking about a trade management style where you took off enough to leave the stop at the end of the bar (for a pin bar, or outside...
Sometimes? lol, I do it all the time. The Dale's Double (Double Inside Bar) on the weekly Gbp/Jpy comes to mind. A very nice trade. Although I was stopped out at the 140.20, I wish I was still in it.

Quote:
Originally Posted by jarroo View Post
That 145.00 I saw as a potential problem, you never know with this chick.

So I played "free trade" style, half at 83 pip other half -83. I thought I was going to get stopped out but I didn't, so I like your 140.00.
Quote:
Originally Posted by jarroo View Post

This Double Inside Bar setup (Dale's Double) on the Weekly Gbp/Jpy.

I try not to use a fix amount like 30 pips or 50 pips but let the chart tell me by the 1st trouble area, be it major or minor.

My entry short was at 146.55 it hit the 1st minor area of trouble and I closed the 1st half for +83 pips then immediately set stop loss above the entry -83 pip away. And Yes, I'm still in this trade and it was close.lol
It really is a great way to trade, especailly in the beginning, middle and end. (imo) How great is it to be in a "free trade" position when you have potentially unlimted amount of gain with zero to loss? Let me say that I sleep well at night.

Also, it is a great why to build confidence in trade setups. If your second guessing a setup and your not sure of the quality of it, its a get feeling to apply the "free trade' and learn from it. Because . . "it would be a completely safe trade, and would allow for deeper retraces . ."

Yes, the 1st touble area, be it major or minor, is how to apply this free trade approach with James16 Price Action. 1/2, 1/3, 2/3, etc whatever you feel works for you again the beauty of the approach.


I will talk more about this because I feel it is important especailly in the beginning of trading the J16 way.

Jim
Attached Thumbnails
Click image for larger version

Name:	gjweekly02.gif
Views:	57
Size:	28.9 KB
ID:	430458    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56894  
Old Mar 2, 2010 6:21pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by mbqb11 View Post
explosive! did you hold!

Nice job

Mike
1st half at the 1.2878, 2nd half got me at 1.2930. Fun trade.
Attached Thumbnails
Click image for larger version

Name:	audnzd02a.gif
Views:	59
Size:	24.2 KB
ID:	430501    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56895  
Old Mar 2, 2010 6:32pm
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by bluetrader View Post
Short on the 4 hour pin in CAD/JPY. It's currently at the first area of traffic.

It's off the 61.8 fib with a little bit of space.

My target is the second area highlighted (in aqua).

Anyone else take this?

-- Danny
Quote:
Originally Posted by giotto View Post
Hey guys,

CADJPY 4hr PIN have been triggered, just closed 1/3 and put rest to BE. Hope you agree on PPZ zones. Lets see if market is heading to some direction finally.
Very pretty bluetrader and giotto.

Get under that 85.75 (Daily PPZ level) and your looking good.
Attached Thumbnails
Click image for larger version

Name:	cadjpy02.gif
Views:	47
Size:	28.6 KB
ID:	430510    
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56916  
Old Mar 3, 2010 1:32am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by raczekfx View Post
I saw the proof...
.
Here's Rac's craft;

http://www.wimp.com/flyinghovercraft/
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56918  
Old Mar 3, 2010 1:57am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by bluetrader View Post
Well, I'm out full lots on that last push at the second area of traffic. Jarroo, I did notice the daily pin bar, but switching between time frames to manage a trade isn't in my plan as of now.

Nice trade, good luck to those still in it.

-- Danny
Nice trade blue.

I wasn't talking about the Daily PB but the Daily PPZ level, 85.75, which is good to know if your trading the lower time frames. Thought it may aid in your trade management.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
  #56919  
Old Mar 3, 2010 2:01am
jarroo's Avatar
J16 Senior Member cczar
 
Member Since Sep 2005
Default

Quote:
Originally Posted by supremeChaos View Post
^ $13,000 hovercraft..
is that cheap??
Yeah that's cheap. Pretty cool.
__________________
Indicators show the past. Price Action "Indicates" the future.
Reply With Quote
Reply

43 Traders Viewing This Thread (20 are members)
proletary, Dale, omeganz, joelcf, Invisible, Cyrus, Invisible, Invisible, shrombe7, s005606, Invisible, netopps, fxairy, Prtzmnfx, hehesam, Invisible, scott087, packhorse, triger88990, FlaviusForte
Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Ring my bell chart thread forex3e Trading Journals 43 Jun 20, 2009 8:38am
rock my chair chart thread forex3e Trading Journals 48 Oct 30, 2007 11:21pm