|
|
|
james16 Chart Thread
 |
|
|

Apr 22, 2010 1:25am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by nasir.khan
If you'r doing/practicing some advance stuff you need to get your pivot point right to the pip.
sometimes if you miss your zone even by 10 pips , you could be on the wrong side of the trade.
.
|
Ok i did't get it right to the exact pip but seems like the Pivot worked out again.
.
__________________
Why Aren't We Rich Daddy?
|

Apr 22, 2010 1:41am
|
 |
Underachiever
|
|
|
|
I have a strong feeling that we will have something like this today.
.
__________________
Why Aren't We Rich Daddy?
|

Apr 22, 2010 5:57am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by jarroo
Why did Price drop? Because everyone thought they would rise? Who knows? lol
|
Quote:
Originally Posted by nasir.khan
I have a strong feeling that we will have something like this today.
.
|
I knew it would drop. But did't got the timing right. Need to work hard, Need to work more hard.
Btw bar is looking pretty much close to what i sketched. lol
.
__________________
Why Aren't We Rich Daddy?
|

Apr 22, 2010 6:43am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by triger88990
what about relaxing yourself on the beach, have a drink and a women on your right, is all you need trust me
ohhh and don't forget the laptop, you never know when the next big move comes.
all the best!! 
|
Hey Thanks Trig.
Ohhh she is still waiting for an engulfing bar???
Somebody help her.
__________________
Why Aren't We Rich Daddy?
|

Apr 22, 2010 7:16am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by nasir.khan
Ok i did't get it right to the exact pip but seems like the Pivot worked out again.
.
|
And again........
.
__________________
Why Aren't We Rich Daddy?
|

Apr 22, 2010 7:25am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by datogio
No worries my friend, i had the same feeling with with GBP/USD, AUD/USD and began selling on wednesday only to stop me out and then drop like a rock. lol
Timing and patience is so important. But the good thing is every failure makes us smarter.
|
Of course, failure is the mother of success. 
.
__________________
Why Aren't We Rich Daddy?
|

Apr 22, 2010 8:06am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by supremeChaos
nasir.khan,
that's 1 of my favorite signatures 
|
Ohhh Yea that is where i picked it from.
.
__________________
Why Aren't We Rich Daddy?
|

Apr 22, 2010 9:19am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by supremeChaos
cprao,
yes it didnt close as a BEOB (FXPro live feed). the turn around happened around 40minutes or so of the H4 bar. the H4 close was similar to your chart (a doji).
apparently, gbpchf still has some 'bullish steam' in it.
|
This is what happened to me.
Full bar loss.
.
__________________
Why Aren't We Rich Daddy?
|

Apr 23, 2010 1:57am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by Dan Gilbert
never trade against i4b's
|
Hmmm missed it.
Maybe zooming out to much for getting my locations right. 
.
__________________
Why Aren't We Rich Daddy?
|

Apr 23, 2010 3:28am
|
 |
Underachiever
|
|
|
|
Nize Location. 
.
__________________
Why Aren't We Rich Daddy?
|

Apr 23, 2010 3:47am
|
 |
Underachiever
|
|
|
|
another one.
.
__________________
Why Aren't We Rich Daddy?
|

Apr 23, 2010 5:34am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by jarroo
Look at that Gbp/Chf on the Daily. 1.6600 was acting as support now its acting as resistance The 1.6600 is a prior PPZ level with the 61.8 fib and 150 ema confluence.
We are not surprised why it went down from here. The 1.6500 is strong as well. I didn't think price was done with that 1.6500 just yet. But I saw no obvious PA so no trade was taken by me.
I'm sure Rac would have liked it. 
|
And the TL.. 
.
__________________
Why Aren't We Rich Daddy?
|

Apr 23, 2010 6:34am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by jarroo
Yes they can be tricky. Rac used like 20-30 pip stop loss and zooms down to the Hourly, I believe. Looking for some PA or other signs of resistance to go down. Like this area in purple.
And yes . . . he's very patient.
|
There is no way out without patience and discipline in this business.
I started this touch trading thing with a mindset that it would require less patience and discipline than the classic setups.
But actually it's other way around.
.
__________________
Why Aren't We Rich Daddy?
|

Apr 23, 2010 7:48am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by supremeChaos
Tell me about it. 
im probably 1 of the most impatient guys around.
my discipline, i can say is below topnotch.
i can go as far as saying the market has (almost literally) put me on my knees:
i cant do it 'my way'; i have to do it the market's way (respect the market, understand, feel & move with the market)
i think these two traits are part of the holy grail of everything in life.
a possible motto out of this is
"only the (most) patient & disciplined shall survive"
|
That's my problem too.
I am very patient and tolerant person in real life issues.
But when it comes to trading and shopping it's other way around. I buy/sell things when i think i need to without bargaining or waiting for a better deal. Most of the times i am left with high priced stuff and etc. I take trades that i know don't have a good chance to hit even the first trouble area but i take them because i need too/ can't stop myself from doing it.
If you look at my post history more then 70%-80% of the setups i post do work out. But they ain't the only ones that i take, there are the bad ones too i know won't work out and i don't post them but i take them myself and this is whats killing me. I know they will hurt and i take them, I know they will hurt and i take them, I know they will hurt and i take them.
What saves me from complete disaster and keeping me around BE is some strong charting skills that i have learned from great people here in this thread but again lack of patience and discipline is keeping me away from the big money i should be making easily.
I've read "Trading in the Zone/The Secrets Of Emotion Free Trading" but it did't help either.
But giving up is not an option,...never.
.
__________________
Why Aren't We Rich Daddy?
|

Apr 23, 2010 8:22am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by squeezy
btw r u still long ucad or have u reversed from 1.0030, im short acad from 9240...dnt think u trade acad, right
|
which one?
i am stopped out on the one i posted today. currently no trades in uc.
.
__________________
Why Aren't We Rich Daddy?
|

Apr 23, 2010 8:45am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by squeezy
ucad has been bouncing off 10030 on the hrly chart(about 3 times now)....i dnt play bounces off s/r ,i prefer pullbacks
if it breaks out ,it shld explode imo
since u r more aggressive ....i figured u might be short from there
ive reduced my sl but seems as im typing...it wants to break north...might close it manually
gotta watch my charts....1sec
|
I like to trade away from Consolidations and BRN's and i also can't see a decent PPZ on 10030 for a touch trade BACK INTO THE MESS.
.
__________________
Why Aren't We Rich Daddy?
Last edited by nasir.khan, Apr 23, 2010 9:19am
|

Apr 23, 2010 9:38am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by jarroo
Just thought I'd post this 4 hour bullish IPB real quick . . . gotta go.
Its not at the best location (better at a swing Low) but let's see how it works out. Location is good at the 1.65 with the trend. Not an A+ IPB.
Later,
Jim
Atc . . .lol 
|
Looks good for a reversal IPB.
.
__________________
Why Aren't We Rich Daddy?
|

Apr 23, 2010 10:07am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by nasir.khan
And again........
.
|
And again ......
God what is with this PPZ?? will it keep working for ever ???
.
__________________
Why Aren't We Rich Daddy?
|

Apr 23, 2010 10:20am
|
 |
Underachiever
|
|
|
|
Breakout with Divg.
Remember Mike's Ucad video.
On your toes guys.
.
__________________
Why Aren't We Rich Daddy?
|

Apr 23, 2010 12:07pm
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by badhairday
You're breaking even Nasir? Wow I thought you were one of the Big Touch Trader of the thread that hit the big buck... Goes to show the difficult learning curve.
I'm the same way though, all of my friends say I'm the most patient guy they've ever meet, but the market brings out the "demon" inside of me,...
|
No i did made big money on demo in last 6 months and market was trending hard and I think I squeezed every pip out of it.lol But as I started my live account last week market started ranging. But I am glad I started with a small microlot accout to test my psychology. So I think BE is not bad for these kind of markets in first two weeks.
__________________
Why Aren't We Rich Daddy?
|

Apr 24, 2010 10:21am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by jarroo
You spoke to soon nasir. lol
Jim
|
Yea but no one knows about this reversal IPB project except Ghous. How did you find out? 
__________________
Why Aren't We Rich Daddy?
|

Apr 24, 2010 1:33pm
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by triggerju
Nas, I found one thing which really really helps - apathy. I believe it's the missing link for most people. Just simply don't care about the money, the potential profit, the dream of being a financially successful trader, etc, it all means nothing. Just shrug your shoulders and be grateful you aren't suffering like some real poor people in this world. If you win, great. If you lose, great. How dare any of us expect to win anyway? We dont have a God given right to win at trading or in life in general. Tough. We think the market owes us some money??!...
|
I dint get your point here. You say don't expect to win from an A+ setup cause we have no right to win?
Or are you saying that don't get bother about the outcome,.. then yea I agree.
Dreams, Motivation and Goals is the stuff that keeps me coming back. When I fail I think about my Dreams and get up. when I win I think about my next Goals and keep on learning more and improving. All I have in my life is my dreams and my goals and they keep me motivated all the time, nothing else.
I don't think about money but success,........ and money follows the success. and success comes with hardwork, motivation, devotion to your goals and I believe in honestly also. You have to be honest with people around you and yourself it helps me a lot. I felt very bad when I came to know yesterday that people were thinking me as someone who hit big time after I admitted that I was breaking even. I can't live with the fact that people are think me of somthing that I am really not.
But now everyone knows how actually I am doing and I know that too, much clearly now. So I have to move on now with a positive mindset and with a good feeling of being honest with myself and others.
I know that am very close now,.... I just know that. 
__________________
Why Aren't We Rich Daddy?
|

Apr 26, 2010 2:36am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by neuromaxis
wish sumone can tells me is that the gbp/jpy will bulls up or will reverse to bearish downturn...? helppp. Any trading ideas can share..? 
|
I wish too, if someone could tell me. 
.
__________________
Why Aren't We Rich Daddy?
|

Apr 26, 2010 3:27am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by jarroo
I see. Nice. I had it from here.
|
How about retracement back to 280ish.
Btw i think momentum is nicely building up for a hard break,
either up or down.
.
__________________
Why Aren't We Rich Daddy?
|

Apr 26, 2010 4:58am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by jarroo
Looks like it made up its mind. 1.33 or 1.3280ish looks good. Let me guess . . with the trend.
|
Hehee.
But this PPZ @ 330 has spoiled the hard break. I think there will be a bounce of some 20-30 pips @ 280 (if price can touch it) if not a complete reversal cause its a nice head & shoulder too.
On the other hand Ej is has gone good. There was this PB (proxy i think) and when i saw price going up against it i checked weekly and monthly and found the show stopper PPZ .lol
.
__________________
Why Aren't We Rich Daddy?
|

Apr 26, 2010 5:34am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by supremeChaos
Hey Nasir,
nice charts.
ej was a touch trade & via limit order, correct?
when was the first trade executed: prior/while the PB (by proxy) formed/was forming, or was it executed on the bearish bar [bar after this PB (by proxy)]?
Thanks!
|
No it was manual i don't use limit orders most of the times cause of horrible spreads.
Trade was entered after the PB was formed (on the next bar).
.
__________________
Why Aren't We Rich Daddy?
|

Apr 26, 2010 5:40am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by nasir.khan
Hehee.
But this PPZ @ 330 has spoiled the hard break. I think there will be a bounce of some 20-30 pips @ 280 (if price can touch it) if not a complete reversal cause its a nice head & shoulder too.
On the other hand Ej is has gone good. There was this PB (proxy i think) and when i saw price going up against it i checked weekly and monthly and found the show stopper PPZ .lol
.
|
Closed both positions. Waiting EU to hit 270 for a long.
I have reversed EJ. Looking at big bull bar of Friday i think it's enough for a retrace and also 125 is a very strong level.
.
__________________
Why Aren't We Rich Daddy?
|

Apr 26, 2010 6:41am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by nasir.khan
Closed both positions. Waiting EU to hit 270 for a long.
I have reversed EJ. Looking at big bull bar of Friday i think it's enough for a retrace and also 125 is a very strong level.
.
|
Half closed stop moved to BRN @ 125.
I hope this 4H could close above 126.40 and make a BUOB.
Just saying....... 
.
__________________
Why Aren't We Rich Daddy?
|

Apr 26, 2010 8:07am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by ghous
When did he say that?!
Damn this was a costly miss
thanks J.
g.
|
Maybe in the PF.
Btw
I hope you don't take these. Or if you do you would't expect it to go below 425
Right????
lol 
.
__________________
Why Aren't We Rich Daddy?
|

Apr 26, 2010 8:22am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by ghous
I would have shorted it just where you did Nasir...
Oh wait! You longed it..well...err...umm...the IPB isn't all that good I might would have passed on it. Good trade buddy.
 ...
lol
Dare a I go against the great Nasir Khan,
g.
|
It's coming down.

.
__________________
Why Aren't We Rich Daddy?
|

Apr 26, 2010 8:37am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by ghous
My guess would be...swing high stuff? 
|
Well if i am taking a touch trade right in between a range near a swing high,
i should have a strong reason, and i think i have it. 
.
__________________
Why Aren't We Rich Daddy?
|

Apr 26, 2010 9:43am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by bundyraider

...And welcome to technical analysis. ... The dark side. 
|
Damn why did't i said this.lol
You Aussies (Joel the other one) always cracks me up/impress me with your choice of words.
.
__________________
Why Aren't We Rich Daddy?
|

Apr 26, 2010 10:01am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by 2010
hi, senior traders,
I am demo trading G/U on 4hr chart, is this a valid IPB? By now it looks ok, but need your comments.
Thanks in advance.
Jason
|
Well if it had formed @1.5500 (near swing point) then it would've been very interesting with chances to hit 435-430.
IMHO
Lets see what Ghous have to say. 
.
__________________
Why Aren't We Rich Daddy?
|

Apr 26, 2010 10:05am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by bundyraider
I think most us Aussies are just good at dribbling s___. lol
|
Damn (again)
why did't i said this. 
.

__________________
Why Aren't We Rich Daddy?
|

Apr 26, 2010 10:22am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by nuclear62
Good afternoon everyone, from GMT +2!
I?m very interested in your thoughts about the EURGBP D1 BUOB. It is pretty similar to GBPCHF, 1 day reversal at Weekly TL. To me, wonderful trades both.
I didn?t take red pips, thanks to buffer-entries, but i?ve been thinking my ass off that am i doing something wrong or is it just an example that "you never know.." exists. Now, both are confirming breakouts through Weekly TLs..
Thanks in advance!
Nuc
|
Well in the first place you don't have to think too much cause both OB's were not confirmed so they are not valid trades.
But i think GAP on GC spoiled the party pretty much.
The Advantage of BRN @ 1.65 was turned against the BEOB cause of this GAP.
Just my opinion
i hope a senior will make pretty much clearer to you. 
.
__________________
Why Aren't We Rich Daddy?
|

Apr 27, 2010 2:28am
|
 |
Underachiever
|
|
|
|
Lower High's and Lower Lows.
Going down???
Or i wont mind a 1H PB too (cause i know how i'll manage it). 
.
__________________
Why Aren't We Rich Daddy?
|

Apr 27, 2010 3:51am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by jarroo
So do you not trade in a ranging markets? You either find a market (pair) that's trending and/or wait for a trending market to emerge from its ranging condition?
|
I would say know your market and trade how it should be.
I mean i made some 200+ pips on EJ and GU yesterday and 100+ pips today on GC, GU and GJ shorts today.
I took all these trades in tight range's so i treated them the way they should've been i.e no partial profits or moving the stops (mainly today). OUT AT FTA.
But when markets will break these ranges i'll be in the trend trading mode again as i was a month ago.
.
__________________
Why Aren't We Rich Daddy?
|

Apr 27, 2010 4:55am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by ertorque
Jaroo, s00,
Based on my charts, I would say the pullback should go to the yellow PPZ level (0.717ish) rather than the RN of 0.7200.
PPZ has precedence over RN, no?
CY
|
0.7192
.
__________________
Why Aren't We Rich Daddy?
|

Apr 27, 2010 1:52pm
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by mbqb11
those who do the quick to b/e game still could have killed it on this one.
First trouble area is 86.50 and a smaller pin like that IMO you must do something at that point if at the least move your stop above the high of the current bar(this is what I talked about yest in my webinar). If you catch the runner you catch it, but like James says we don't just hope anymore with these types of bars.
Nice pips for those who took it congrats
Mike
|
I took it and then I talked myself out of it at -2 pips.
Ohhh well.
__________________
Why Aren't We Rich Daddy?
|

Apr 27, 2010 1:57pm
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by Dan Gilbert
It's the I4B straddling the 1.0000 we were discussing on USDCAD recently....
I was very hesitant on this one, BUT, I4B's that straddle very big round numbers fail very very very very rarely. Easily the best PA setup in J16.
counter trend risk 1%. And with just one trade, I almost have my weekly average goal of a 1% gain.
first target, move to B/E, second target T/P.
|
If I had to name the best new trader (considering last 12 months) in terms of discipline i I would name Dan Gilbert.
__________________
Why Aren't We Rich Daddy?
Last edited by nasir.khan, Apr 27, 2010 2:18pm
|

Apr 27, 2010 11:25pm
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by raczekfx
some might have vague idea what it is... 
.
|
why the triangle??lol
__________________
Why Aren't We Rich Daddy?
|

Apr 28, 2010 5:17am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by yarin
swing low, but i like the size and the space that the trade have to run till 1.31.
what do u say?
|
Yep we have some room of 60-80 pips.
.
__________________
Why Aren't We Rich Daddy?
|

Apr 28, 2010 5:44am
|
 |
Underachiever
|
|
|
|
Hey Mike you like BEOB's at BRN's???
(If it could close below the BRN.)
.
__________________
Why Aren't We Rich Daddy?
Last edited by nasir.khan, Apr 28, 2010 5:57am
|

Apr 28, 2010 8:18am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by triggerju
Hey Nas, hope you doing good. I'm sure you were joking with this one, but either way, thought I would throw it out there... does anyone REALLY use price patterns as a major rule i their J16 tradng? Wedges, flags and the like. To me, price patterns are nice but are a). easy to see & analyse in retrospect on a completed chart...
|
Yep i do pay attention to them but no fancy words, just consolidations and breakouts.
.
__________________
Why Aren't We Rich Daddy?
|

Apr 29, 2010 1:22am
|
 |
Underachiever
|
|
|
|
Quote:
Originally Posted by mbqb11
GOSS like BOSS I know now 
|
No you still did't get it. lol
.
__________________
Why Aren't We Rich Daddy?
|
 |
|
|
30 Traders Viewing This Thread (12 are members)
|
|
oneuniverse, jarroo, jspeakman, cupofjoe, HanSolo, Auspip, Location, ghous, Bsn, lafemo, shephrd, jeurre
|
| Thread Tools |
Search this Thread |
|
|
|
|