|
|
|
james16 Chart Thread
 |
|
|

May 7, 2010 2:08am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by joelcf
Good work guys? Screw that. Good work Dan! That's awesome.
hrm...
Yeah, this is gonna work out well 
|
Be reasonable Joel this post is from 31 March.
It's been 37 days now,.... he could've gone betterrrrrr. duhh
Now don't tell me 37 days are not enough to play FX.
.
__________________
Why Aren't We Rich Daddy?
|

May 7, 2010 6:30am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by ghous
lol
seriously though, I tend to doubt my IPB entries when trading equities and futures, I am not into them but for those who trade equities I don't think entry on the close of the IPB is the best way to be going about trading IPBs...maybe an entry on the open of the very next bar (if it stays within our strike range) might be a better idea...
Dan might want to assist me with this, what I see on XOM is that the bar after the IPB opened below the low of the IPB which means your trade would have been stopped out right where the market opened.
My...
|
Struggling with color schemes like me huhh.
.
__________________
Why Aren't We Rich Daddy?
|

May 7, 2010 6:40am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by ghous
Not really, I've settled down with smoke white for background and green and black candles.
I need such a layout for the trading system I am testing,
g.
|
I would love to have white background but it hurts my eye's. I would love to have black backrnd like james/rac but then i can't really figure out PA.
.
__________________
Why Aren't We Rich Daddy?
|

May 7, 2010 7:00am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by supremeChaos
nasir,
bright backgrounds hurt my eyes too. 
my eyes love neutral-dark backgrounds. 
i still continue to experiment with colors. maybe u should too.
|
yes i do, Sc i do. lol
,
__________________
Why Aren't We Rich Daddy?
|

May 7, 2010 7:30am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by ghous
Ok then you make sure you do not let it be known at a public thread, because seriously I know of just one unique set of chart colors that you dress your charts up with. 
|
Yep i think i am using it for more than a year now. but when i get bored you know. lol
.
__________________
Why Aren't We Rich Daddy?
|

May 7, 2010 7:49am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by jarroo
You guys ready for the next move down?
|
Yes.......
.
__________________
Why Aren't We Rich Daddy?
|

May 7, 2010 7:57am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by jarroo
Some bullish PA would be nice there nasir . . . if it gets there.
|
You know too much Jarroo too much.....
.
__________________
Why Aren't We Rich Daddy?
|

May 7, 2010 8:00am
|
 |
Underachiever
|
|
|
|
TL retest...
__________________
Why Aren't We Rich Daddy?
|

May 11, 2010 2:14am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by joelcf
I think you need to have a look at what that bar is telling you before mashing the short button.
(ignore the crap on my chart)
Attachment 472400
You have a strong uptrend, which means you are going to want a pretty damn good bar to setup a fade here.
And then, at the top, we have a small pause bar (open and close are almost the same, so there was no net movement) and it closed near the TOP of its range. Which means, while it had bearish strength at some point, it closed with bullish pressure.
Nothing about...
|
Excellent insight Joel.
There is almost always some kind of a pattern hiding inside a PA BAR on a lower TF just like what you can see in 3M pattern inside 1H IPB. Not a necessary thing to look at all the time but it could be useful when you'r unsure about a setup.
Well in the hindsight you can find many things to not take the setup.lol
But looking at some general conditions here that could be applied to most of these setups.
Well first of all when you drop down below 4H you'r Win/Loss ratio also drops. Good setups could fail more often and bars of this size fail more than 40%-50% (ohhh look anther PB failing now @ 1H).
CT without Divergence on 1H,........????? No Way. I heard James telling about someone who does not take CT's without Divg and goes months on months without a loss.
Comparing the size of this IPB with previous 3 bull bars puts more doubt in the decision.
But on the other hand it looks good cause it did develop on a BRN, Exactly @ 50% of the recent swing and between 50%-62% from the 1.55 to 1.45
and in the end it could be a very high R:R if it works out but if you take it the next big question is where is your FTA.
The first bar high that comes in our way is @ 1.4983. Yea i know it's just bar high and in the hindsight every on could spot it cause it did stopped the price and reversed it.
But if take a look at how it performed at the daily TF i bet you would took some off the table and set rest at BE.
Now did this IPB worked out or not,..??????,.... everyone have their own choice.
Anyway just my views. 
.
__________________
Why Aren't We Rich Daddy?
|

May 11, 2010 2:21am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by joelcf
Couldnt have put it better myself.
An experienced trader experiments with a new methodology extending the principals that Jim taught.... and then every new trader just runs with it, without really knowing what they are doing, thinking the 'new secret' is the key to instant success. Who needs 20 years of Jim's experience when we can just short every bar in sight and then draw in some posthoc trendlines to justify it?
Howdy
I am in the same lurking boat. Just sometimes surface to torpedo a passenger ship 
|
I am busy with some crazy T20 action going on. lol
Joel do you take interest in Cricket?
.
__________________
Why Aren't We Rich Daddy?
|

May 11, 2010 5:18am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by ghous
|
Yes IPB's have to go.
*lol Just kidding.*
__________________
Why Aren't We Rich Daddy?
|

May 11, 2010 5:26am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by joelcf
I'm Australian - it is about all we take an interest in  After England did you a favour, we could have a bit of an intraforum grudge match coming up...
|
When i heard KP was not in the game i thought ok they are kicking us out.lol,..but indeed they did played well.
Well i am not sure but if we could get your openers out cheap, we may have a little chance.
Don't you think Aussies have hit the top to early in the tournament what about a "Reversion To Mean". 
.
__________________
Why Aren't We Rich Daddy?
|

May 11, 2010 5:51am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by ghous
Nasir we'll need to find a way to tackle Nannes and Tait as well. Their (Australia's) batting isn't the only concern. 
|
lets hope and pray.
Nannes was better off with Netherlands. 
.
__________________
Why Aren't We Rich Daddy?
|

May 11, 2010 6:53am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by optimuss
Aussie Aussie Aussie OI OI OI!
|
Quote:
Originally Posted by bundyraider
pfffft!!!! ....Speak for yourself! It's not the only thing we take interest in.
For instance, there's beach cricket. 
|
Yea but thats still Cricket.
Ok Ghous i think we need to run away, Aussies have started storming in ( i guess there is only two of us here) . lol
__________________
Why Aren't We Rich Daddy?
|

May 11, 2010 8:47am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by bundyraider
When I take a signal on one feed, I ignore the others.
I relative move over 'x' hours is what I'm after. Where did the signal bar close compared to the last bar that represented the previous 'x' hours ...and how strong is the statement that it is making, compared to that previous bar.
Does that make sense?
|
I do give the close a lot of weight in my trading decisions and this how we judge our PA bars.
But then sometimes i hear people saying that close is just nothing market is running around all the time and take a look at some "level 2 price terminal" and you'll forget about the close.
gets me confused sometimes.
P.S: Congrats on your 2,000 valuable posts. 
.
__________________
Why Aren't We Rich Daddy?
|

May 11, 2010 9:54am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by bundyraider
Wow... Forgot about the 2000th ....
|
Hmmmm Good locations with good close all i know and maybe all i need to know.
Thanks.
.
__________________
Why Aren't We Rich Daddy?
|

May 12, 2010 8:45am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by extraneo
seems to me risky ...
There is also no divergence ...
|
Why??
I think there is some divergence. If you are comparing the bar lows then you'r right but divergence is calculated upon close so if you check closing price there certainly is some divg.
This how i see it and maybe i am wrong.
Btw just talking about divg here. I did't took this trade cause i would've like it at BRN.
.
__________________
Why Aren't We Rich Daddy?
|

May 12, 2010 9:00am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by jeurre
hey, jarroo, let me participate in the exercise too. am I drawing them in an optimal manner? thanks
|
Can i play too??????...pleaaaaaase. lol
.
__________________
Why Aren't We Rich Daddy?
|

May 12, 2010 9:08am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by slade1986
Location isn't as good, but the PB looks better. Through 2 fibs, a BRN. Manager set at break even after 25 pips (Like this manager EA).
Comments greatly appreciated.
Thanks!
|
Hey Slade,
Your chart is way too much zoomed in and it looks a different story on my mt4 (no single bar PA) .
Well the setups is right in between a range and price is going to hit a strong PPZ at 1.4865 which is very near to it.
.
__________________
Why Aren't We Rich Daddy?
|

May 12, 2010 9:20am
|
 |
Underachiever
|
|
|
|
TL + PPZ + BRN (1.65) +FIB.
Lets see....
.
__________________
Why Aren't We Rich Daddy?
|

May 12, 2010 9:22am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by smikester
This in no way invalidates nasir's contribution but I like this set up.
It's the second rejection of 1.5 and off a lower high as well. Next big trouble area is daily/weekly support at 1.48 ish, so be careful.
Attachment 473325
|
I have no trouble selling below 1.4840 (if current 1H could close below it). 
.
__________________
Why Aren't We Rich Daddy?
|

May 12, 2010 9:48am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by extraneo
This is my chart
I calculate the diverences by looking at the minimum
please tell me if I'm wrong 
|
I am not sure about the momentum in this case.
Exactly how??
.
__________________
Why Aren't We Rich Daddy?
|

May 12, 2010 10:14am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by Pinbar
Nasir.
I don't see any price action on GBP/CHF H4.
Are you just waiting to see some PA?
PS: Also the 150 EMA us aligning itself with the 38.2 fibo.
|
I was just showing the location PB. Now its your choice if you want to wait for PA, simply reject it or go against it.
__________________
Why Aren't We Rich Daddy?
|

May 12, 2010 10:21am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by extraneo
Dear Nasir  , here it takes a senior
I do not have much experience...
|
Ooops sorry I confused minimum with momentum.
ok you're saying that you calculate divg by looking at minimum/lows and I am saying that I calculate it by looking at close.
well I am fine with this no problem I think we both will do fine. 
__________________
Why Aren't We Rich Daddy?
|

May 13, 2010 1:32am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by jeurre
wow, much better than mine, I guess I need to put more weight on the latest situation,shall I? thanks, nasir !
|
Yep start from right to left. 
.
__________________
Why Aren't We Rich Daddy?
|

May 13, 2010 6:21am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by jeurre
I am working on this one daily
Edit: oops, my bad, it's weekly
|
But the BEOB is not valid yet. Or do you have any other reason to take the trade???
__________________
Why Aren't We Rich Daddy?
|

May 13, 2010 6:35am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by jeurre
what do you mean by BEOB not valid? it was last week's price bar,closed already.
reasons are 50 fib + ppz + BRN 87
I didn't check divergence, maybe there is one,lol
|
You cannot take the trade unless the low ( in this case 74.51) is not broken. So the any PA bar is not valid until the high/low is not broken.
.
__________________
Why Aren't We Rich Daddy?
|

May 13, 2010 7:16am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by jeurre
ahhhh, me again, will you enter the break of the valley for now ? I learnt this from you, nasir, what's up? 
|
I am already in this trade but that's another story but yea i will enter another short @ 74.45.
I don't trade peaks and valleys inside the ranges.
After making a low at point A and high at point B, if price fells back in those two points i call it a ranging market. (Maybe too much simple approach but i like it that way)
This is a simple PA bar trade and nothing special ( but it could qualify as a PV trade too if you take a short at 74.45) and everyone here take their trades at break of the PA bar that's a Standard operating procedure. If the bar is not broken then no trade.
.
__________________
Why Aren't We Rich Daddy?
|

May 13, 2010 7:40am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by jeurre
I am  .......... short ? beyond fib levels already,  help, please, bundy bro
|
You'r giving too much weight too fibs bro.
I think maybe Bundy is saying that if you could get a DBHLC at 62 fib it'll be great for shorts.
Btw i hate setups that appear just near a PPZ, BRN or Swing point but not at them they are the real teasers.lol
.
__________________
Why Aren't We Rich Daddy?
|

May 13, 2010 8:16am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by jeurre
nope, nasir, my friend. just get lost on bundy's phrase "In fact you can get some great shorts off of ones like that when they line up with a 61.8% fib too." I don't know if he was talking about crude oil and continuation type of DBLHC, or some other scenarios which I still can not figure out, maybe an example of chart would be nice. I still wait, if bundy don't mind, to have some more explanation. so........ thanks, nasir, you are great, well done, buddy .
|
Yea i understand now i have edited my post.
I don't wan't to sound harsh but you seem to be in a hurry (i hope you'r not and i am wrong).
Just take one thing at a time, practice it and then move to the next. I mean spend sometime with PB's and Outside Bars and then move to others like Inside Bars and DBhlC's one by one.
start reading the thread from page 1 to 300-400. You'll get the answer of almost all of your questions.
.
Good luck. 
.
__________________
Why Aren't We Rich Daddy?
|

May 13, 2010 8:33am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by extraneo
what do you think
(area 0.9000)
|
You'r chart is too much zoomed in.
It's right in between a range so be careful here (89.40).
.
__________________
Why Aren't We Rich Daddy?
|

May 14, 2010 3:17am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by joelcf
Wonder how Jim feels about people pirating his videos and materials from the pf and then torrenting them to everyone for free.
|
You mean people in the PF do that??
Well i do use pirated stuff like games and movies. But i dint need to do it for books. Cause ROASO is available for free now and got couple of others like TITZ, Pring on Price by email from some friends here at FF.
But i never distribute/pirate other peoples stuff.
.
__________________
Why Aren't We Rich Daddy?
Last edited by nasir.khan, May 14, 2010 3:28am
|

May 14, 2010 6:30am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by jarroo
(No more "Not worthy" smiley faces please. thx)
|
I never understand why it's called "not worthy". 
.
__________________
Why Aren't We Rich Daddy?
|

May 14, 2010 6:34am
|
 |
Underachiever
|
|
|
|
Can i go against this I4B??
Yea i will.
.
__________________
Why Aren't We Rich Daddy?
|

May 17, 2010 9:49am
|
 |
Underachiever
|
|
|
|
Hey guys found this simulator ( in RR's profile) on the weekend. I don't know if it's mentioned before but here it is.
http://www.forexfactory.com/attachme...02008%208:18pm
Now you can practice hundreds of daily/weekly bars in just an hour. (and free lol),.... (or you can send me donations if you like too)*
*i am not kidding**
**yeah i am
__________________
Why Aren't We Rich Daddy?
|

May 17, 2010 10:08am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by Dan Gilbert
Imagine if EURUSD actually gets back to 1.25 and makes a pin on 4hr... 
|
Cable is pretty much there.
.
__________________
Why Aren't We Rich Daddy?
|
 |
|
| Thread Tools |
Search this Thread |
|
|
|
|