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james16 Chart Thread
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Jul 17, 2009 7:55pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by mbqb11
hehe I was hiding in the background for awhile. Then decided to register to FF thinking I would never post, picked a name from a long long time ago(again didn't think I would post). 10k posts later LOL
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You posted waaay before sep 06!! I think you were on a few months before I was?? Definitely here before Patrick was. I thought.
Edit: Wow . You were on later. ....Dodgey memory. lol
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Bundy's status today: "Waiting...  "
Last edited by bundyraider, Jul 17, 2009 8:06pm
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Jul 17, 2009 7:59pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by mbqb11
.... I couldn't sleep b/c when I closed my eyes I guess from staring at the monitors the charts were in my eyes and head, and I would see flashes of them, keeping me up(insomnia). ....
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Woohoo. I thought I was alone on that. lol
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Bundy's status today: "Waiting...  "
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Jul 17, 2009 11:46pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by g_j_hook@yah
p.s. Glad your still here Bundy, we are missing your posts man!! 
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Social life. ...and it's only winter here too. lol
The charts aren't throwing up what I like either. Kind of on vacation, anyway.
ONLY watching this triangle (posted it a week or so ago) . Had no intention of trading this pair. Just like to watch these play out as expected (S/R wise).
edit: Marked out bar is just an expected reaction after the break. Return to major PPZ is 'ok' , but if it returned to the minor ppz above it I'd call it a false break from the triangle. Would be too deep. Best scenario would be not much re-penetration at all, and that major PPZ lining up in confluence with the triangles sides perfectly. Messy S/R situation on this short continuation from the triangle. Would have been cleaner heading long.
.
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Bundy's status today: "Waiting...  "
Last edited by bundyraider, Jul 18, 2009 12:02am
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Jul 18, 2009 12:48am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by forexngo
Hey Ghous and experienced fellows.
Is it the nice IPBs & be expecting to go up...or it will breaks the lower trendline soon? Since i see it closed below the nice round number of 2.040 and seems ....the end of inversed flag pattern...and start to breakout? 
How you guys for your pro. analysis! 
Thank you
forexngo
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Was about to do my own charts, but I think it's better I work from your analysis the way you have seen it.
From a point of view of , "Well.... Let's wait for the best trades!!" , then you wouldn't want to go short on this example until you'd gotten a strong break and return with PA entry.(Such as the very wiggly yellow line/arrow combo thingy) Either to your bottom channel line, your blue PPZ, or both in confluence (yummier)
As for 'long' possibilities. Waiting for it to actually hit your channel line would be smarter, with good strong PA pointing north. (If you were confident with your analysis lines) . Too often, if you try and take a less than ideal location, you can get multiple signals and whipsaws as the market tries to reach the real target. (This is the Strongest evidence showing why you need to be that "sniper")
I think it's a good sign that the past 7 days worth of bars are MUCH MUCH cleaner than anything from the past few months on this pair.
For the time being, according to your channel marks, we are still trapped in the channel. So that's the current bias for you( that we will stay there for now.) Don't go short until you have broken cleanly OR we hit the top of the channel again.
Same goes for if you believe more in PPZs (horizontal S/R) more. ...You'd wait a clean get away from your blue PPZ and a return with good PA entry. Mainly because of the recent messy history on this one. OR, if long, A good break above your 23.6 % green line (using your analysis) if you are using the IPB. (I like your dotted red stop-line as a possible stopping point, BTW. Or , Maybe lower at 2.0615 area)
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Bundy's status today: "Waiting...  "
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Jul 19, 2009 9:44am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by tac
I'm slowly making my way through the thread and learning loads from all the regular posters circa end of 2006, seems like people like Mike,Bundy and Habeeb, SeekingLight and of course Jim where trading good style, excellent charts (even a few days before xmas!!). i know Bundy and Mike still post but what about Habeeb?, he seemed to have it down good style also.
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You just had me going back to read that and, as usual , I kept going. lol
Of course, the same techniques worked back then as we use now.
Man.... we were putting on a lot more trades back then weren't we? 
That's what I noticed...
....that and how often Mike used the term 'this Bad Boy'. Must have been during that Leather and 'Cat of Nine Tails' phase he tried to hide from us.(  )
Habeeb still pokes his head in occasionally for a look-see. The boys got a young family these days to keep him busy though. (G'day H.  )
Damn.... Bed time.  It's been a big weekend!
.
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Bundy's status today: "Waiting...  "
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Jul 21, 2009 8:16am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by markf45
LOL just saw this post. Had some 3d glasses on my desk for the past year and it never occurred to me to try this out... It's actually really good for those of you who have trouble defining the trend. Just set your up bars to green, down bars to red, then look through one eye at a time. Job done!
OMG it's a solitary life trading.  Thank God for Forex Factory!  Haha
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I wear 3D glasses to hide the losses on my statements. Haven't had a losing trade for years. 
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Bundy's status today: "Waiting...  "
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Jul 24, 2009 8:33am
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'Try-hard' extraordinaire...
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Update GBP/NZD non-trade that I'm ...errr... not in...
Quote:
Originally Posted by bundyraider
ONLY watching this triangle (posted it a week or so ago) ....
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( Edit:^^Anyone else getting pissed off with the way this forum cuts out most of our quotes now??^^)
Update GBP/NZD non-trade that I'm ...errr... not in... <bewahhahahahh!>
Haven't touched the lines. Added the bottom two.
Proof that good knowledge of support/resistance can help you map out trouble areas. Still will be watching. Like i said. Nice to map it out and just watch it unfold and obey the rules. 
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Bundy's status today: "Waiting...  "
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Jul 24, 2009 8:38am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by batesmotel
OMG....They must be playing in wheelchairs by now...lol
GregB
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And yet still picking up 20 y/o groupies. lol
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Jul 24, 2009 8:59am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by batesmotel
lol....I guess If I was in their position, I'd do the same thing....BTW is there such a thing as female FX trader groupies?
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Not sure. You'd have to ask Mike. 
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Bundy's status today: "Waiting...  "
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Jul 24, 2009 10:45pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by stefx
I am also working on how to increase the load as the trade goes on. Currently I'm trying to add if price has broken and confirmed a major S&R area. In my opinion it is better to increase the volume than to start high and partially take profits because only the last added postion can go against me.
But maybe I am wrong with the increasing concept, just start trying this out but the decreasing concept did not work (for me).
stefx.
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Your not wrong with the increasing concept at all. In a trend. I'm working on this one continuously myself.
All those knocking the set to Break Even / Take tight profit methodology.
Go back and take your grade school maths classes again. I don't want to be aggressive here, but some are 'giving out' pretty strongly on this lately...
A trader with a 90% or higher win ratio can trade differently to one using %50 and so on. Those people should stop pissing on other peoples methods because they can't find a way to have them work for them. That comes from combining the wrong elements and being inexperienced with them. You don't mix a %50 win rate with less than 1:1 R:R ratio
Ryan is correct for his style of trading. Ryan, you know that by taking "Ryan setup 1" and "Ryan setup 2" etc that you will be a winner in the long term. That over 1000 trades you will be in profit. I DO NOT DISAGREE with you on that at all.  But what you do is different to a super high win-rate trader.
Jim's trading involves sniping for the trades where he knows the trade will reach point X AT THE VERY LEAST. That's SNIPING for trades. Not just "taking every trade because you know in the long run you will be ahead"
People keep glossing over the specifics when criticising his way of trading. 
There are dozens of guys on here that will attest to the very high win rates you can achieve by being super picky and knowing your S/R very well. There are trades everyday where they KNOW they will make, for example, the previous bars high at the very least. ...Or a minor PPZ and so on. When you combine that with waiting for the right opportunities (by NOT trading into a PPZ that's 10 pips away, etc) you can trade in a totally different way to the often quoted "highly favourable R:R" ideology.
When people knock this other method they are always quick to point out the worse case examples, like "WHY did someone have a stop 300 points away and only take 30 pips profit??" ....That's NOT what a sniper style trader is trying to do at all. That's just where things went pair shaped. And the experienced trader wasn't shooting for JUST that 30pips. He was shooting for more, BUT he was smart enough to know to watch that possible dodgey area on the chart where his trade had a potential stumbling block. Most trades will shoot through this first stumbling block.
These criticisms are coming from people who need to re-read the first hundred pages of this thread again.
I know both ways work. I use both successfully. I use both in tandem.
A case for taking partial profits...
Two different methods, same trigger...
Method 1:
I see a bearish outside bar . I can see that I am able to shoot for a major PPZ that is 3:1 distance in relation to my stop price from entry. In this example I know that I can take 100 trades like this and have a win rate of %65-70% or so percent by shooting for that target. I risk %1 of my account on the trade.
Summary:-
3:1 risk
%65-70% chance of hitting my target.
%1 of account risked
Method 2:
I see that same bearish outside bar. I can see that the first potential trouble area is less than 1:1. But the chance of failure is only like %5 ( through the possibility of unexpected news, or a large company needing to move money quickly etc.) I have no doubt that it will make this area at the very least. That rare %5 chance of a loss is acceptable. I risk %1 of my account on this trade too.
Summary:-
Less than 1:1 risk reward. ...But I don't care. Only a rare event will stop this from hitting my first target.
%90 chance of hitting my target.
%1 of account risked
If you were combining both methods into one trade, taking half profit is totally acceptable and makes complete business sense. You are ending your method 2 trade only. Over 100 hundred trades this first half is part of a winning method.
You can go on about - "but if the trade hits your stop loss before moving positive you loose a combined %2 of your account . This doesn't make sense!! It's wrong!!!"
NO it DOES make sense. They were two totally different methods, both with positive expectancy over 100 trades.
When NOT to take partial profits...
You take profits based on what works for the method you choose for that trade. Cutting things short when the method requires you to "stick it out" upsets your overall results, of course. Your backtesting / experience tells you to risk %1 and wait for target 1 , which is 100 points away. Don't then turn around and take profit at 20 points because you got scared. THAT is the type of quick profit you SHOULD NOT take. It goes against what your method needs to be profitable. This is not the same as taking 20 points in a low reward method with high risk that IS profitable
You also do NOT mix tight profit taking and poorly chosen trades. If you are shooting for %60 percent win rate then taking tight profits all the time will kill your account if you are also letting your losers hit the full stop.
This is again where Jims methods are DIFFERENT. He hardly lets any winning trade become a loser.( ...BAM!!.... High win rate again!! Tight profits aren't as detrimental.)
When you closed your first half at the first trouble spot (or target), THAT was ok, it was for a reason that had merit.. You closed it because experience has taught you that the set up you took, over many trades, works in your favour when you do that.
If another set up you take requires a Rew:Risk of say at least 2:1 then you DON'T take profit until you hit your expected target. By doing this you expect a low percentage of winners, because not all your trades will make the target before stopping out totally. The math works out for this case as it does the others.
Adding exposure into a trend...
Overall you are adjusting your exposure to the market all the time. Adding exposure into a trend should be done when it makes business sense.
If you've taken half profit out and also moved your stop on the remainder when it hit a your first PPZ, then your overall risk as it sits now may have gone from %2 all the way down to something like %0.5. ...Possibly.
If you get a Set up that says... "This trend is continuing and it's case is just as good, if not better than my original entry conditions" then you may as well do what it takes to increase your exposure back up to that 2% by deciding where your new stop will be for the new lot and adding the equivalent lots to bring it back up to 2% again. That's 2% (TOTAL!) from your current EQUITY figure, don't risk the free gains you already have!
(If conditions have improved even further , it's up to you if you want to go to your highest exposure amounts or whatever as the trend strengthens. But only on merit!!)
Don't forget that the amount you are willing to risk should take into account the gains you have ALREADY made. If you are up %5, then having yourself exposed to the original "All stops hit" account balance of -2% is just plain dumb. The market has given you %5. Why give back %7???
...You are looking at the market and deciding which way to expose yourself at all times. Short, Long or Flat. Less short... More short ...flat. Or whatever.
All your trades are changes in exposure that are based on what you are risking verses what the reward will be. It's the same when adding into a position. What's the risk to your overall worth? And is the reward worth it?
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Bundy's status today: "Waiting...  "
Last edited by bundyraider, Jul 25, 2009 9:35pm
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Jul 25, 2009 10:18pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by Im4age
Hello Bundy,
Very common sense article, just reading from across the pond.
Question on adding, if I take a 2% trade in a trend which moves away, I then move stop to b/e, the price keeps moving away & then presents another good entry, perhaps above/below next s/r level. In theory I can take a 2% trade again because my first trade is at no cost? And this could be done again and again?
Regards from this Kiwi.
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Yes and No.
The point I tried to get across is you have to be careful of overall exposure to going backwards from where you are at NOW.
OK... ...say you have set your stop to break even on that first trade. How far is your stop from the current market price? ... It could be a %2 move! ....So when you add that 2nd 2% trade and set your stop to the same level as the other break even stop, you are talking about sacrificing %4 of your current standings if that stop is hit.
That might be what you are prepared to do maybe, I don't know.
You have to ask yourself if what you are seeing in the continuation set-up is worth risking that total combined percentage.
Are you actually intending to increase your exposure to the market because the trend is now strengthening? ...That's the correct reason 
..... Or are you under the impression that your existing positions don't matter any more to you because they are "free"?
Is it actually greed taking over instead? Are you only adding more exposure to earn money faster without considering all the consequences? A "free" trade is still giving an exposure to possible negative move. ...up until it hits the stop level.
I've made these mistake many times. It took me a while time to wake up to what was happening on this one.
.
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Jul 25, 2009 10:32pm
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'Try-hard' extraordinaire...
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EVERYONE PLEASE STOP POSTING NEGATIVE OFF TOPIC POSTS.
All that is happening at the minute is many people rubbing people the wrong way and it's getting way out of hand. The worse direction I've ever seen this thread go in. 
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Bundy's status today: "Waiting...  "
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Jul 25, 2009 10:47pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by tac
If we are talking about each trade being min 0.75 RR min (i.e. you risk $1000 min you get back is 750) then I think yeah 95% win rate would be a bit high. I reckon 85% is doable using this material or even 90% when you get good.
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The 95% is probably my fault. When I wrote my post the second mention had 95% instead of 90%. I guess I was thinking about the "95% of traders failing" quote.
At the same time I don't believe it's totally impossible for someone to be that good at choosing their trades. That would be quite an arrogant assumption for any of us to make! Someone might know the right markets to trade and know them too well. You never know.
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Bundy's status today: "Waiting...  "
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Jul 30, 2009 12:27am
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'Try-hard' extraordinaire...
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And 2000 odd posts, good sir.
...So for every posting on FF you've had to write 4 PMs. ...If my calculations are correct.
Quote:
Originally Posted by james16
thank you skong.
i think sometimes new people dont stop and think just how long 5 years really is.
ive returned almost 8000 emails and pm's from this thread.
i have record of every single one of them.
never charged a dime nor ever solicited a dime from one of them.
how did i get here?
im still not sure.
will i stay here?
still not sure of that either.

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Bundy's status today: "Waiting...  "
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Jul 30, 2009 12:39am
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'Try-hard' extraordinaire...
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Still having to do intense physical rehabilitation after that slip.
Quote:
Originally Posted by james16
something like that. lol. thats all totally seperate from the group.
what happened to the old avatar bundy?
i liked it better.
i knew you by that avatar. now i gotta look twice until i get used to it.
jim
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Bundy's status today: "Waiting...  "
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Jul 30, 2009 12:42am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by mbqb11
way more posts then that. All of us lost a great deal of post count in an upgrade months back(maybe a year at this point lol). I think it got chopped in half, or at least I remember losing about half
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Forgot about that too. I thought James was over 3 grand at one point.
At least now Mike it looks like you may possibly have a life outside of the forum. lol
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Bundy's status today: "Waiting...  "
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Jul 30, 2009 12:49am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by mbqb11
haha that is a good one, I think Elmer might need a wardrobe change soon 
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Incedently , it was Seeking that gave me that "Watch for Ice" picture. Took a lot of editing to make it almost readable back then. Had to cut and paste the pic to get the bear and sign to fit in the avatar. lol
Laughed HARD when i first seen it. 
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Bundy's status today: "Waiting...  "
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Jul 30, 2009 8:50am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by Cyrus
Hello everyone,
Still relatively new to the James16 method.
Would appreciate some comments on this signal please.
Space, Shape and Location look fine to me.
Nice shooting star w long rejection tail off mR1 @ a swing high.
(would be better if it was a red shooting star yes)
Was wondering about the trade management.
Thought it might decline abit more, but today's bounce off PPZ was quite big.
Could I get comments from you guys on how you would have managed the trade?
My train of thought was taking partial profits @ PPZ 1 which it hit...
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Hi Cyrus,
I'd have done exactly the same thing as you.
You managed it right for a trade that had a area to get through, IMO. You knew exactly where there would be trouble.
Quote:
Thought the drop might have been bigger though...
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You have to keep in mind that you can't know which trades are going to be big winners and which ones small winners. So don't beat yourself up in any way about this one not hitting the mother load or whatever. Just grind away like that and you'll catch some great movers some times as well.
,B
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Jul 30, 2009 9:17am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by supremeChaos
good timing...
bundyraider,
i was going to say earlier today that i like your new avatar better. 
& "nice" picture here. hahah 
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Yeah, now that I know James uses the avatars to get his bearings I think I could have some fun changing them up more often. 
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Bundy's status today: "Waiting...  "
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Jul 30, 2009 7:52pm
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'Try-hard' extraordinaire...
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lol. Like ya style.
Quote:
Originally Posted by TiaForex
Oops  :
THIS IS CRITICAL
Before typing information about Jarroo we MUST LEARN TO:
1. Do our research and establish the facts
2. If we do not do our research we must be prepared for Jarroo to "stop us out"
Once we have done our research and know the facts we have three choices:
1. Tell the truth
2. Make something up
3. Start a new group and take credit for everything, pausing only to call Jarroo a girl.
If we do not do this we have no chance in this business people. Period paragraph.
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Jul 30, 2009 8:34pm
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'Try-hard' extraordinaire...
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Interesting series of interviews for everyone here. Especially those starting out.
(from a site someone here linked to today. Can't remember. Was already in the middle of this post. lol. StoragePro?)
Veteran currency trader Interview:- (It's short and sweet)
(When you're done with part 1 , it'll be easier to come back to these links. ...Trust me.  )
Part 1
Part 2
Part 3
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Jul 31, 2009 6:58pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by phillipchris
I been following ur thread on babypips ill follow it here too
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Quote:
Originally Posted by BryanGil
Yea should i start at beginning of thread or recent pages?
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 ...Troll owned. Duel user names detector strikes again!
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Bundy's status today: "Waiting...  "
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Jul 31, 2009 11:45pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by Bemac
WOW Buddy!
It's slippery out there.
Go up against FF and you are taking on the entire membership. We can cause some $hit on other sites that might last a while but, not here at ye Ole FF.
(:-{) = (Old, baldING, Moustached Fart)
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I see him... lol. Never seen that one before.
You're right. FF's strongest asset is it's moderators and everyones support of them(well most peoples support. lol). From Merlin, to Scott and the gang, to Twee and all the way through. It's always has been very well done. 
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Jul 31, 2009 11:55pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by benji533
There is a pin bar forming on the weekly EURCAD.
There is confluence of three fib rets.
There is also a nice bounce from the 365ema which is good in acting as a strong SR in swings.
Ohh and a mini PPZ as well.
The thing that bothers me is the lower highs and lower lows the price makes...in other words trading against the trend. But most likely it's time for a reserve, so I can take the train to the next lower low.
I am still confided that the 365ema will give it a nice bounce.
What do you think?
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To be honest, do you know what I think would have made this a goer for me? ....If that bar had closed a lot higher.
(Maybe your feed hasn't closed the weekly bar yet, though.  )
I'm uncomfortable taking a pin who's close is low in relation to all those confluences you have mentioned.
But then again, on the other hand a break of your pin's high would be promising, as the high is on the right side of those confluences for sure.
To sum it up. I think the chances of it breaking are low (reading the chart), but if it does it's a good thing, with enough room to get into profit at the least.
There be my thoughts.
(Bring up a weekly close (Line chart) to see where I think the first hurdle may be after a break. Previous swing low close. Edit: oops wrong..lol Trusted my picture memory too much! Edit Edit: just above that lone 38.2 line you have.)
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Bundy's status today: "Waiting...  "
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Aug 1, 2009 10:10pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by benji533
Not sure what you have asked for....but here is a line chart with the 38.2 - hope that helps.
Take care,
Ben
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I understand why you were confused about what I was asking. My fault. Wasn't asking, just suggesting you have a look at it. lol
Ghous' feelings on this are pretty close to mine. In relation to what I'm expecting to happen. ( "Expecting" doesn't stop you from making money from the Un-Expected.  )
I think what he missed though was that a (decent) break through that high would be still a good chance of profit for you.
In the end I think it's worth making your own decision on. (The supporting factors you found are very sound. )
...As long as you wait for a decent break north of 5400, well into that 'northern of the %50' area. (A break with good momentum, as Jaroo would say.  )
Map out where you expect trouble once in the trade. Check Jaroos chart out for a target. That's the same one that struck me.
,B
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Bundy's status today: "Waiting...  "
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Aug 1, 2009 10:14pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by benji533
I am happy to hear that. The truth is that I have just saw the videos in the guest area plus read in this thread and made note of important points.
This stuff is working really well indeed.
This may be my first and last forex method 
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The good thing about this method is it is more of a solid foundation. You can build a style that suits you on top of it. 
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Bundy's status today: "Waiting...  "
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Aug 3, 2009 8:23pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by mbqb11
yeah I was going to say, there probably is some validity to it, but not the way we look at it here. Cause again fibs are just a tool, so to say it is wrong would be wrong lol. But for the way we do things here yeah this would be wrong.
Ah trading 
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And I was going to strongly disagree. LOL. I totally do what Tradertt has done. It's a confluence for christs sake and I use it exactly this way!! Thought everyone here did?!? LOL
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Aug 3, 2009 9:40pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by joelcf
Risking 1000 pips for a 20 pip gain? Dumb.
Risking 50 for a trade that will almost certainly hit 30, probably hit 65 and possibly shoot off to 100+? Seems fine to me, even if some of the 'strict' interpretations of r:R would tell you its a bad trade.
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Yep 
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Bundy's status today: "Waiting...  "
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Aug 3, 2009 9:55pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by joelcf
So not sure how much use this will be...
Your institutional desks do two main things. They spend a...
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Wow, that was quite a bit longer than I planned. Shouldnt have had those 4 coffees and started typing randomly 
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...and thanks for the rest of the post too. I love drinking in that stuff. 
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Bundy's status today: "Waiting...  "
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Aug 4, 2009 7:43am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by SeekingLight
Although my main worry is most folks took exactly one sentence from your post: "One guy I have beers with every now and then works on a forex desk, and trades nothing but pinbars and s/r levels. And drives an Aston Martin."
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Oh, 'Hell yeah' they did! 
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Bundy's status today: "Waiting...  "
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Aug 4, 2009 7:48pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by Grover
Anyone else feeling the bullish engulfing bar on AUDCAD?
Has a lot of space to run, 23.6 fib, and right on a resistance line
Buy limit above resistance, stop below bar
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I like that actually.
So, yeah.... Feelin' it. lol
Nicely spotted. 
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Bundy's status today: "Waiting...  "
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Aug 4, 2009 8:04pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by StoragePro
I see me and the Bundy are at odds... Go figure.
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Not so sure about that. Haven't set a trade yet. lol
My chart actually has another PPZ that's hidden by the price line that I'd play an entry off. My thoughts were entering right now (unconfirmed) and watching the 9100 level. The PA just 'looks' right.
I like Outside Bars for retrace entries. Pretty consistent for me.
edit: I'm telling ya. This damn habit of the forum software cutting up our quotes is a pain in the butt!!
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Bundy's status today: "Waiting...  "
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Aug 4, 2009 8:47pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by StoragePro
How is this a retrace bar? The PB on the 24th is the retrace end - no? Or we on different books? Not trying to pick a fight - just want to understand what you see.
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It's cool. I'm hearing ya.
Different book for sure. lol ...Sorry, I meant "Retrace of the signal bar" entries.
I have no trouble at all playing retraces of outside bars when they are in the right spot. (Usually after consolidation breakouts etc.)
Quote:
But that is just me. I'll be watching. These do sometime keep on going.... and going.... and going....
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I'm staying out of this one too.
I've had a few weeks away from trading ( mostly.  ) ...took me a few minutes to slap myself on the face and say..... "errm..... mate.... there are better trades than this. ...You idiot!"
To clarify, I'd still take this continuation location if it weren't for the mess to the left in this price area. It's off of the type of minor PPZs I'm used to basing bar retrace entries on. (0.9025...ish)
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Bundy's status today: "Waiting...  "
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Aug 4, 2009 9:30pm
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Quote:
Originally Posted by StoragePro
Ah - poop. Now you've done it. It will run now. 
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LOL. You KNOW it will.
I honestly get a kick out of just watching ones like this play out as we expect. (reacting to the levels we read.  )
...So I'll be stoked if it does run. Even when on the sidelines.
It just solidifies the techniques, eh?
Over time I'll notice another little hole in the system that can make money if managed one way or another. So it's not wasted energy. 
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Bundy's status today: "Waiting...  "
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Aug 4, 2009 10:16pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by batesmotel
Yep, I'm in, only I took the signal off of the weekly IB break (or 2 week PB)
GregB
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haha.... see, now why didn't we check the W chart? oh well.
(Switch to candles and that IB's a Bullish Engulfing pattern too, btw)
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Bundy's status today: "Waiting...  "
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Aug 5, 2009 5:21am
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Quote:
Originally Posted by benji533
Thanks gasgas and advfntrader for the answers, I appreciate that.
Does anyone know what is the J16 style of plying them?
Both ways?
Ben
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Develop a case individually for each direction. Does case 1 (long) have enough room before hitting potential trouble? Does case 2 (short) have enough room before hitting potential trouble?
Most of the time one way is a way better trade potential than the other and you just ignore the other case.
There are times when James will have orders on both sides depending the feasibility of each option. ...Well, that's how he used to see it the way I remember. lol
Break of big bar before the IB or IB itself? ...Well, is the Big bar's perimeter right up against a PPZ?? Well you wait for the break of the big bars perimeter, since it corresponds with an important level for our trade to succeed. If the IB has enough room for management purposes (getting to safety) then use that bar instead.
Location Location Location. As always!
Base your decision on location in relation to all your S/R studies. ...Same as all your trades. 
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Bundy's status today: "Waiting...  "
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Aug 5, 2009 9:11am
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Quote:
Originally Posted by benji533
So just wanted to know if it will be better to trade the breakouts of the previous bars WHEN THERE IS PLACE FOR PRICE TO MOVE. What do you think?
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YES on space to move, but MUST ALSO HAVE other good supporting factors.
It's the same as all the other set ups. Limit yourself to the very best locations to trade off of. For example... Off of the strongest PPZs , or top of a proven channel, strong Trend Line or whatever.
Those particular instances that you were talking about , (and that Josh highlighted for you) are probably the worst ones to trade. Instead of playing breaks of inside bars in the middle of your box, where you will often get whipsawed, you should trade an inside bar that's off of the top or bottom of the box. .....IF there is clear room for price to retrace through. Or if there is a break out from the box, maybe you end up getting an inside bar , followed by another inside bar, followed by another.... all of them hard up against the top perimeter coiling up and waiting to break out of the box.
Definitely DEMO Inside bars. Take really good notes in your journal each time you trade one and build a knowledge base up for yourself. You'll find the best ones are in the same spots you might find other PA bars. The easier ones will be anyway.
Like Josh and others have noted about IBs.... ...it's best you master the other bar patterns first. It'll make it easier when you are successfully identifying the best AREAS to trade. 
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Bundy's status today: "Waiting...  "
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Aug 5, 2009 10:16am
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Quote:
Originally Posted by batesmotel
IMHO...I try to take what the market will give me rather than insert my hopes and wishes into the future movement. We have Reversal patterns, but let's not forget the continuation patterns.
I'm not sure if you are refering to the EU (buying break of high)...but in this case you can see that in March 2009, the EU began it's ascent with a nice 539 pip run before it took a small breather...The EU then broke an IB and ran another 600 pips!
At the moment, The EU as broken an ascending triangle (continuation pattern), the GU as already run up today...
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Well said.
It's a real trap thinking "It can't possibly go any further." Because it can and often does.
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Bundy's status today: "Waiting...  "
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Aug 6, 2009 9:21am
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Quote:
Originally Posted by johnnykanoo
hey kk i know how you feel when presented with these new concepts. a few weeks ago i was defending the r:r thingy and decided allthough i don't fully agree with those who posted (even long time veterans) I decided that I would have an open mind and i would "fake it till i make it"
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Man, don't abandon your R:R ideals! ....That's not what's taught here at all.
It's like you said, "Open mind".
The market gives you what it gives you. Narrow your trades down to those that satisfy that R:R need too if you like. ....For your primary targets.
What's being argued here is ->
Don't let your trade become a full %Risk loss after reaching half way to your primary target and reversing.
...That mantra doesn't prevent you from selecting your trades the way YOU want to.... by R:R ratios. That's YOUR choice. And it's a great way to trade. But not the only way.
Losses are a part of this business, but you don't have to let full losses happen just because the target isn't reached on your trades.
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Bundy's status today: "Waiting...  "
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Aug 6, 2009 9:55am
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Quote:
Originally Posted by tyler812
Something else of interest....My first name is Stephen. My middle name is Tyler. 
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Except you play guitar instead of sing though don't you? lol
Parents fans? Or co-incedence? 
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Bundy's status today: "Waiting...  "
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Aug 6, 2009 9:17pm
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Quote:
Originally Posted by ghous
It's just simple amazing KK,
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And hang on,
I have something to share...
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Ghous ,mate.... wow.
That took a lot of courage. 
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Bundy's status today: "Waiting...  "
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Aug 6, 2009 10:16pm
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Quote:
Originally Posted by kk007
Cheers. Bundyraider,
I think the reason some expert level members here don't care much about R:R is that they are trading at a very high winrate (+90%), so even if they are making a 7:1 trade, they have a positive expected value. Nevertheless, I wonder if most of the consistent winners here are happy to trade in this way.
kk
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The reason the R:R idea is skewed in this particular case is that the 7:1 Risk:Reward outcome isn't a locked in result. ...That's the bit people aren't able to fathom.
That 7:1 result wasn't a planned stop:target trade. It was an entry into a trade that was managed in a way to prevent a full loss , yet had potential to go a lot further if the market allowed it to. Which happens a lot
All those small , seemingly bad, R:R results pay off when a lot of trades shoot through the management points anyway. It's not the same style of trading you learn anywhere else and the same rules don't apply. The math does. But the rules don't.
I'm yet to see anyone mention that they use both styles of trading here like I do, so maybe I have a unique perspective (anyone else??). When you ask if some people are really happy trading this other way I'd have to say "yes", because I'm one of them. For the trades I manage like that ...it's nothing. I don't even think of it as doing anything wrong (or right). These days I just know it works and it's just as profitable as the way taught in all these books we've all read.
For an example:- I passed on a trade two nights ago (when I had to fetch groceries) that managed Jim's way would have reached more than 8 times the original Risk , eventually stopping out at 6 or 7 or so. (by eye I thought it reached about 10, but I just measured it then for this post. lol ) I had no problems with coming back later on and seeing the result (mostly no problems  ) I know they come along all the time. There are examples like this ALL THE WAY THROUGH THIS THREAD.
When you have very few losers, a few break even trades, a few small winners and a lot of very satisfactory winners, then those bigger winners just add cherries on top of what's already a positive expectancy method of trading.
.
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Bundy's status today: "Waiting...  "
Last edited by bundyraider, Aug 6, 2009 11:07pm
Reason: grammer. Finally felt like proof reading it. lol
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Aug 6, 2009 10:19pm
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Quote:
Originally Posted by tyler812
Actually, I play keyboards and guitar (classically trained as a pianist for 11 years...)
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Nice. 
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Bundy's status today: "Waiting...  "
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Aug 7, 2009 12:08am
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Quote:
Originally Posted by kk007
I think it is not a good idea to take this outside bar, even if it break the high of them a little bit. Let me know if anyone think otherwise. I would say it is more likely to go down than go up.
cheers,
kk007
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Quote:
I wouldn't personally trade this based on the bar size, but let me just offer the other perspective. We have clear divergence, so we could be in for a temporary retrace(marked area going into 1.1). Again for me if this was a bigger outside bar then it would get my interest much more. But I say it time and time again, for me Size does matter(think pitbull analogy from James16).
Best
Mike
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Yep. What mike said, kk.
And if TraderTT is watching too, this is what I was talking about. (marked on included copy of KK's chart.)
I mean, LOOK at the size of this bar compared to ALL the others on the screen!! ...It has a statement to get across!
Filter your trades down to extraordinary bars like this and you win rate will look a LOT better.
...I haven't read everyone's replies to KK but I want this little (no BIG) factor pointed out for sure.
That little BUOB KK pointed out is the type that isn't worth taking when you're still learning about the best locations and space to trade from. It's only technically a BUOB. ...It's just crap. ...To be frank. lol
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Bundy's status today: "Waiting...  "
Last edited by bundyraider, Aug 7, 2009 12:20am
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Aug 7, 2009 12:29am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by kk007
Right, bundyraider,
The one you've marked is better, I think. The outside bar is longer and the next trouble zone is quite far away.
cheers,
kk
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It means you do a LOT more waiting. But that's what you are supposed to do. It's also pretty hard to do when you think you have to earn your keep weekly like in every other job.
Look back through your charts. Marking off all the significant reversal bars. Don't get caught in the trap of thinking :- "But look at all the great moves I miss out on!!" The point is to not lose money. And you can only do that by having an edge.
By the way this is for reversal trades where you need every edge you can get.
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Bundy's status today: "Waiting...  "
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Aug 7, 2009 12:42am
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Quote:
Originally Posted by tradertt
Guys AUDUSD H4 BEOB Found. I attached a picture and some comments. What do you think of this trade?
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Better than KKs example. That's the sort of 'look' to a bar that's good when combined with great location. ...But the location still a little dodgey for a bar that's still a little above average in size to those around it.
What would make it better??
- If it's close was around the same level as the low was? -- ...OK. But wait for good break.
- If it didn't have to contend with the range lows from the past few days? ...An ordinary break would do for entry.
- Ultimate (bar size wise) would be if the Close was below the range lows. I'd think of entering on bar close if there were no PPZ (or such) in the way. ...I'd think of even trading a pull back into the bars range. ...if I found supporting factors for the entry point.
Edit: Mike and Jaroo beat me. But I'll keep this here. 
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Aug 7, 2009 12:49am
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Quote:
Originally Posted by jarroo
Where do you think I learn this from, . . . Mike?  
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Hey Jaroo, Whad'ya think of the current AUD/USD highs?? ...It think months ago we both called this area as the target. 
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Aug 7, 2009 9:28am
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Quote:
Originally Posted by Jduester
This is not for newbies, like myself... so I didn't trade it... but it is interesting...
EUR/AUD 1hr.
Both of my live trades were stopped at B/E too Ghous. But my plan was followed, and I minimized risk while giving it a chance to reach 2R.
Have a great weekend everyone.
Josh
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Stopped out ( for profit ) on my only open trade too.
I've got better things to do than watch for trades on a Friday night. ....I'ma headin' to Open mike night.
Have a good one y'all. 
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Bundy's status today: "Waiting...  "
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Aug 12, 2009 12:06am
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Quote:
Originally Posted by scott087
I miss the coffee and pork belly charts lol... I'd like to see other markets posted again if you don't mind. It all looks the same to me on the chart but it gives me more options to trade and follow which is always a plus.
Scott
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I agree.
Don't see any need to limit what markets can be posted in here. You get to see more great examples.
Like someone else said, it just reinforces how universal the methods are over the range of markets. 
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Bundy's status today: "Waiting...  "
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Aug 12, 2009 5:27am
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Quote:
Originally Posted by nasir.khan
Hello every one what do you think about these ones.
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Hi Nasir,
Gorgeous pins. "Real Man" pins as the big fella likes to call them now. lol
A pity they will have to be managed carefully. (The reasons you've marked on your charts. ...yellow lines.) They look awesome otherwise. Awesome enough to probably push past those trouble spots.
Every now and then I see some beauties like these, but location or previous price action leading into them shouts "Be Careful!!". It's ones like this a lot of people take and it's hard to argue against them, but at the same time I'll be here going "DAMN, such a strong trend down" or whatever. ....Going through all of these formations right now trying to find something with good room to move, for myself. ( Edit: Should be looking, not posting. lol)
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Bundy's status today: "Waiting...  "
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Aug 12, 2009 6:16am
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Quote:
Originally Posted by nasir.khan
Agree but are also coming from a strong background one bounced of 38.2% and other went past down 38.2% but closed back up at it. GJ also did not managed a break of the orange box.
Btw they also nicely jumped of 89 SMA. (Sorry if my indies are disturbing the PA guys)
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I especially like the E/J chart and the levels you have.  ...It's the very steep decline leading up to it that has me not jumping in the bath before testing the water.
Call me too picky , but steep declines like that , I personally like to see even longer, stronger pins etc.even than these! ...Or, preferably, waiting to enter on a 1-2-3 type secondary set up later on. Too steep. Too much chance of this being a "breather" rather than a reversal. And for a breather , your yellow lined areas are what makes it harder to get a good break ...and then on top of that, some room to cover yourself. ...This is just me.
Like I said in my post , it's pins like these that are hard to argue against when someone new asks your opinion on (not saying your new, btw). They look exactly like we try to teach. They tend to look awesome, they are off great confluence or whatever, but I know from watching a lot of charts and playing a lot of pins now, I look at these and think "Not quiiiiite a No Brainer. ...At the very least wait for a good hard break" (not just a puny 3 pips plus spread break etc).
Now for the record:-
I am VERY picky when is comes to the look of reversal PA. If I'm not at ease for any reason I walk away. Too many opportunities in the years to come to bother with trades that I am not "feeling it" on.
And on your indicators....
Indicators don't bother anyone. ...Except when someone has them colouring in the whole screen.  And you don't. So all is good. Keep them up.
We use MACD, RSI etc for divergence here still anyway. lol
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Bundy's status today: "Waiting...  "
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Aug 12, 2009 6:34am
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Quote:
Originally Posted by jarroo
Darn it, Bundy. Pull the trigger for Pete's sake. You know those Pit Bulls can cut through traffic and not get hit by a car.
Eur/Jpy was a no brainer. Ditto with the Yen. You can redeem yourself on the Gbp/Jpy.
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I got in on E/J. lol ...Thinking 135.80 push for target.. ...Didn't like G/J.
...that was stupid of me. I was flicking back between calculating my trade and trying to post, while also making sure I was entering on the right account too. lol
Not a "No brainer" for me. Had to filter all the other charts I was looking at.
...A bit rusty. Kind of had a month off. Still not planning to be back at it for a couple of weeks yet either. lol
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Bundy's status today: "Waiting...  "
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Aug 12, 2009 6:38am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by jarroo
Darn it, Bundy. Pull the trigger for Pete's sake. You know those Pit Bulls can cut through traffic and not get hit by a car.
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Pit Bulls?? I thought it was "real man" Pin. Make up your mind people! lol
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Bundy's status today: "Waiting...  "
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Aug 12, 2009 6:54am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by jarroo
Glad you took that the way it was meant to be taken. lol
Forgot to put some smiley faces on that post.
Although it did feel good to give some tough love, to someone that I learned so much from.
Jim
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I knew your intent bud.  Need the tough love too. Feeling a bit trigger happy after time out, and probably over compensating for it.
I only took that E/J one after fussing around calculating various stop points, targets and entry conditions while writing that post. Wanted to make it work within my 'fussiness' parameters tonight. lol
I'm heading back out of this. Too much work on the race car in the morning to be doing this. ....back to the "Picture Tennis" (  ), then bed. 
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Bundy's status today: "Waiting...  "
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Aug 12, 2009 7:07am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by jarroo
The E/J was clearly the best of the three. It's a good three charts to study.
I know there's such a thing as not being picky enough . . .trust me on that. lol. But is there such a thing as being too picky? I don't think so. 
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Yep. It's called "freezing" from over-analysing. lol
K.I.S.S. ....as they say. I should have that one posted on my screen borders now as well. lol
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Bundy's status today: "Waiting...  "
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Aug 12, 2009 7:12am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by nasir.khan
Do i have to feel a little hmmm...............
why did not you entered after my posts.
Just Joking.
Good luck for the trades every one.
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lol... It's OK mate.  ...I just went on a rant about a situation that is my "pet" filter, when I should have been putting my actual trading first. Not typing out a post.
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Bundy's status today: "Waiting...  "
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Aug 12, 2009 7:42am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by jarroo
The IB on the E/J:
Yeah, that's a classic Dale Double Inside Bar, as I mentioned earlier.
Dale makes a killing off those on the 4 hour chart. He has posted them here and on other threads. Low risk, high gain potential.
Dale would be proud of that one.
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Who's Dale? lol
...Yeah , I seen those earlier in the day on a few of the charts, but missed them. The Eur/Aud was awesome. Went too fast for me though. Went away for half an hour to do some welding, got back in time , but turned away for a minute with the order screen open, then next thing you know BAMMM!! Off and runnin'!!
...A long time ago I'd have jumped aboard later anyway. Now I do my best to forget about them and move on. ( No seriously!  I have moved on!  ....CRAPPPP!!!!!!!  ...  )
That's it. I'm really heading to bed. lol
All the best everyone. Looks like there'll be some great opportunities tonight/today for you all.
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Bundy's status today: "Waiting...  "
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Aug 12, 2009 4:55pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by tac
I know this is a totally subjective thing, but trading this method on daily and 4 hour, I reckon a Monthly ROI of between 4-12% could be achieved. I suppose it depends on your risk and style. Do any the seniors have any knowledge of realistic ROI (assuming you have are consistently profitable, not a new trade)?
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My comfort zone lands me randomly in that area.
It's important to trade with an amount that doesn't cause stress at all when a trade moves towards our stop, so different people are going to have different outcomes based on that in itself.
That brings me to this one...
Quote:
Originally Posted by pipmyride
My only tip is that with GJ - all rules need bending ! So moving to BE at the wrong time, this will happen A LOT.
Knowing when to BE is the 6 million dollar question with GJ ... i tend to give it more wiggle room , although it can hurt the heart .. 
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G/J only hurts the heart when you trade the wrong time frame or the wrong trade sizes. 30 pips profit and then going to BE is often too early for G/J.
This is where talking in 'Pips' too often here can let us down.
With a pair like EuroUS, you know that 30 pips is already a winner, so it's easy to base the decision on pips. If you apply what you're used to with pairs like E/U to G/J it will bite you on the butt.
For me, I look at the chart when entering and I know BEFORE HAND where I'm going to manage it to B.E.. using the Support Resistance points that are there
.....NOT by watching my account screen float up and down in profit.
Draw a horizontal line on the chart at a 30 pips move point when you enter on G/J .....then step back. It's only a blip!! Too close for a lot of good set ups to really shine.
(All depending on time frame ,of course)
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Bundy's status today: "Waiting...  "
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Aug 12, 2009 10:23pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by joelcf
lol, you and me both. I shake my head at some of the dumbass things I did starting out. Hey, lets throw $2k into short dated barrier call index options, they cant *possibly* go down!
whoops.
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LOL. Did the same with warrants many a blue moon ago. Did ok, but not through skill. ( by "OK" I don't mean "won out"....for a lot of effort I ended up pretty much nowhere really)
I remember dropping AUD5k on one trade that was 20% of my account and not thinking there was anything wrong at all with risking that much. That's what traders did wasn't it? 
...I *KNEW* where the underlying was heading and I bought into the warrant. ...Pretty simple. LOL 
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Bundy's status today: "Waiting...  "
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Aug 13, 2009 9:17am
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'Try-hard' extraordinaire...
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Damn Trader, you picking this up real quick, man.
You're recognising the Pro's and Con's real well.
Quote:
Originally Posted by tradertt
Found a DBLHC today on the GBPCHF H4 timeframe.
I am using 2 brokers now ... 2 hours difference in H4 timeframe closing.
Damn after I missed the EURJPY pin bar cause of the brokers time difference, I check 2 different brokers now for setups lolz
Anyway:
DBLHC at
PPZ
Fib 38.2
Fib 50
Close above the 150EMA
MACD Divergence
Strong Bullish close of DBLHC
Cons:
Trading into a congestion area
not too much space available
Entry at 10 pips above high of the DBLHC
Currently managing trade moving stop loss to 1.7769
Will move stop relatively closely...
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Aug 13, 2009 2:15pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by tradertt
Thanks Bundyraider,
Saw your PM read through it once but have not gone through it in detail which it truely deserves.
Will let you know if I have any questions
But GBPCHF have reversed on me. have not taken out my stop yet. The congestion area proofs to be the trouble area and it reversed around that area.
Is there anything else I am missing in my analysis of the entry and management? 
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Mainly the lesson on how picky you have to be...
You identified there was congestion there. Yet traded into it. Not sure if you seen it as a multi-level problem such as what I've drawn with the pink line (below), but you did see it and knew to manage it very carefully
Experience will show you later on to skip trades like that and be even more pickier , but all you can do now is remember that , ....and next time wait for better opportunities.
You really do have to WAIT A LOT. After posting that last response I was thinking that I should have mentioned that it's taking trades like that that keeps many inexperienced guys in a frustrating break-even trading loop. The trades are "OK" , but they are iffy enough to give frustrating little losses over time that stop you being consistently profitable. "OK" trades happen "a lot". You want to be trading sometimes ...not "A LOT" ....to be profitable in the long run anyway. Look for more excuses NOT to take a trade, as many say.
While your here ....Draw a horizontal line at 1.7850 like I have, then zoom out to the daily chart and have a look what happened around mid to late June at that level. ...And then a again at that level the past couple of weeks. It's definitely a level you would of had to watch out for and use.
...It's a level that's mixed up with another a little higher up (that's why the pink line is so multileveled and messy), so it's actually a zone, but you can see the effect of the zone anyway.
,B
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Aug 13, 2009 10:47pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by tradertt
Though the daily to me was a mess of lows at different levels spanning from 1.800 down to I think 1.7600 where PPZs could be drawn  Lolz maybe I am drawing them incorrectly 
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...Says something about what you noticed.
It's been a messy pair. So don't get too disheartened. It takes a bit of practice to 'read' the Flip zones in those situations. You actually did an OK job. It's obvious from your chart that you've definitely progressed!
Use the trick I've shown in the daily chart below... (the daily line chart one)
Switch to the daily and turn it into a line chart, instead of bars.
From the bar chart (before the switch) you will usually have a rough idea which level you are searching for a flip price to use...
In this case place the horizontal line on the chart (solid yellow) ready to move it around and then look to the first peak (or trough) that is very close to that level, and then use that to base the line off of. (See Large Yellow DOWN arrow)
If you can't find one pretty much straight away, then it's not there. Give up and go onto another pair. Simple as that.
I personally PREFER to see other reactions further into the chart (such as large yellow UP arrow), but often switching back to the bar chart will show definite confirmation that a good approximate flip point has been chosen.
From there you can often edit the parameters to round it off to the nearest '50' level (Halfway between round numbers) or Round number, which was about 10 pips away in this case. Doesn't matter if some of the reactions to that level miss hitting it by a few pips. That happens.
The dotted orange line shows a similar use of this technique. This time The first peek or trough was ...actually a trough... ( first blue UP arrow).
In this case the zone is 'muddied' by another level just above it. So this is where I have drawn a blue box to mark out the flip zone. The blue arrows show the various reactions (on the line chart). ....Incedently , the top of the blue box 'zone' is another '50' level .The orange dotted line has been rounded down to the nearest Round number too.
Some times rounding off to round numbers is too much and I don't do it. If you wish,you could ignore trades that don't comply with this. I think Mike tries to. I'm doing this more often too, depends on strength of the other factors such as confluence and so on.
As far as round numbers go here, the dotted yellow line just below the solid yellow one is a round number that has also been respected often. When you get two levels close like this we get 'zones'. The pin marked in my 4 hour candle chart here is off of the solid yellow line (as I'd like to see it), but any entry would want to be below that round number because of how it's affected the chart too. In this case the pin closed below 1.7800 and a break entry would be 1.7784. ...even better!. BUT of course I wouldn't take this pin trade because of the traffic around the EMAs I use. ...actually just traffic really. The easier trades have space. ....As we keep saying.
The ONLY foreseeable trading area on that 4 hour candle chart of mine is ABOVE the solid yellow line to me. There's a lot more space.
Quote:
This is something I definately have to learn. Let go of inperfect trades that may be trading right into resistance. BUt sometimes, in all trades, if you try hard enough, it seems you will always find levels that may be trouble spots.
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I know how you feel! We ALL do!!
After a while you'll realise that those are the times where you need to wait. Seriously, when a good one comes along you'll know and say to youself:- "DAMN, I shouldn't have traded last week at all. All those crappy charts and I thought I was just crap at this! Look at how easy the good ones are when they finally come along! It's obvious where to get in , where to get out, where to put my stop. Derrrr!"
You can have a week sometimes where you get no trades even on the 4 hour. But then sometimes you can get a week where you might get your only two or three DAILY chart trades for the month. All in one week. Some months will give you many trades every week. You can't force the market to give you money. You have to take what it gives.
Take a look at my first reply chart again. Notice the first pink line down from the highs was long and problem free. If you waited for a break above and took a long signal off of what is the solid yellow line PPZ (in this reply), you have a clear run aaaall the way up to the TOP pink dotted line with a couple of minor zones that last took effect end of July that you'd just have to be mindful of. ....You don't have to skip the trade just because of them being there, since all of August so far appears to show a disregard for them now anyway. You just need to be mindful of them. that's all. Be prepared to protect your self from a full loss.
Don't have time to edit this post and tidy it up this time, so apologies if you have to read through it a couple of times to understand where I'm getting at. lol
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Aug 16, 2009 9:27pm
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Quote:
Originally Posted by mike w
Daily IB's are just like MBQB11's breakouts on the 4 hour. Check that out if you never have. In fact, read all of his posts. Do it. do it now. do it.
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lol. Was sooo about to post that same info.
I LOVE IBs. Have for a while. When I see one , I take notice. When they start to stack together my saliva glands go in to overdrive. To say they are like Mikes break outs . ...ahuh... yep. 
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Aug 17, 2009 9:21am
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Quote:
Originally Posted by nasir.khan
Hello every one. like to know your comments on this one. Thanks.
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Not very convincing. Short nose. And closed a little too close to neutral for my personal liking.
Compare it to the one from the other day.
(the close on GJ the other day wasn't within the previous bar BTW)
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Aug 17, 2009 9:54am
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Quote:
Originally Posted by nasir.khan
Thanks.
but i am in so i would also like to hear about daily TF also.
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154.00 is a good level for me if we get good Price Action confirmation. At the moment I just see potential to get a little bit further down before a good bounce though. 153.00 get's interesting. There's a lot of work involved in getting through that whole 151.50 to 153.00 'zone'.
If I was in a daily short trade already from the other day?? At the moment I'd be tightening my stops. Not getting out, but ready to take profit if there are better reversal signs.
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Aug 17, 2009 10:10am
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Quote:
Originally Posted by nasir.khan
You are right about 153 because there is
Fibbo level of 61.8% at 152.93 and
there will be a proper test of Trend line.
I entered short today at 155.70 but i think it's time to give the check back. 
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lol. That's good though.
...As long as you don't let it become loser.
Some winners are small, some big and many average. You never know before hand. You just take what's given.
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Sep 1, 2009 1:30am
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Quote:
Originally Posted by james16
gee whiz.
i wouldnt swim off the coast of australia and i wouldnt swim in a river in south america.
period/paragraph.
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Far Northern Australia, definitely agree. But not swimming off the rest of Australia would be like telling your kids never to go out in the sun ever, ...they might get skin cancer.
Sounds like some nature program has talked up Australia's dangerous creatures again. LOL
You're more likely to die in a plane crash (while it's sitting at the terminal.  ) than come to an end at the hands (lol ..."hands") of one of mother nature's pets.
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Sep 1, 2009 1:58am
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Quote:
Originally Posted by joelcf
I used to think that - then there was a shark warning off our beach one day last summer. Oh, and some kind of stinging jellyfish invaded too, and you couldnt go in the water for a week.
...and it isnt exactly what you would call 'far north', lol.
Attachment 299409
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Millions of people play in the surf, and you get a handful of shark attacks every year or two. The odds look pretty safe still.
Jelly fish are a problem sometimes, but you just stay out of the water when they're known to be around. Most of the time you hear on the grapevine that they're there before going in anyway.
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Sep 1, 2009 2:09am
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Quote:
Originally Posted by joelcf
(funnelweb and redback spiders are a regular occurence, but i dont know anyone that has ever been bitten. apart from that, australia is harmless. although I did see a brown snake at the coast once, and apparently they can be a bit bad for your health)
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That's so true! ... for the many funnel webs and red backs you come across I've never heard of anyone I know being bitten.
Last year someone I know was bitten by a brown snake without realising it so was late getting treated.
That's the closest I've heard of someone I know being in a close-call situation with a snake bite. Though I know bites are common when people stupidly try to take care of "a problem" in the back yard.
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Sep 1, 2009 8:06pm
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Quote:
Originally Posted by Rocket!
Wow, last thing I expected to see when I was going back over missed posts - youtube Hurling clips!
Great to see another Irish man on the thread. Of course, most people will tell you theres a bit of Irish in them... and if theres not, well, gimme a few beers and I'll see what I can do!!
Heres a another clip for any non Aussie/Irish who isn't familar with the International Rules 'Football' Jigsaw was referring to:
http://www.youtube.com/watch?v=OIGREZw4Sr4#
I was at most of those games. Man, ye Aussies couldn't beat eggs. I mean...
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Check out all the Coat Hanger cheap shots. They're embarrassing! lol
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Sep 2, 2009 11:02am
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Damn Josh, I'd love to answer you here , but that questions got so much going on I'm getting a headache reading it. lol
I totally understand why you are asking all that though.
The best answer I can give of myself is to suggest that you filter down to trades that you know are going to be easier to manage. It's pretty easy to watch a trade move against you when you are confident you have chosen the absolute best place to take a punt on. Where there is a good clear run ahead of them. Then you don't have to worry about those other trades that stress you out about whether to manage them once they've only moved a little in your favour.
A real confidence booster when managing a trade is seeing strong "tails" etc develop on the price action that's bouncing off your protective levels that you are trailing with. (you can pretty much look at the chart and see that people are flooding the market with orders every time it reaches one of these points.) Assuming you have a -50 pip stop. ...If there is say a 30 pip movement in your favour on E/U and in the recent waves of bars you see tails formed at the -10pip level (to your trade entry) then you move your original stop up to just behind that -10 pip area. ...Not Break Even yet. (...Unless you decided before hand that 30 pips was the target for the trade , of course.)
You want to take discretionary out of it?? ...Well you should, by now, be able to read good S/R bounces surely? Just use them!  ...nothing discretionary about that once you can read them. Have a mechanical idea as to how many points you will place the stop behind the most extreme tail. (Once again by 'Tails' I'm talking about major influence occurring on that level (or area) whenever it's hit.)
And choose trades that work with that style.
Trade other styles as you learn them.
Quote:
Originally Posted by Jduester
(Joel, this is not intended to pick on you or your post....
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Sep 3, 2009 9:58am
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Quote:
Originally Posted by Jduester
Bundy, you make a good point about discretionary vs. mechanical... the more experience we get, the more 'mechanical' our method becomes despite not changing anything. We become more comfortable finding s/r, understanding pa, and taking profit/loss. Experience certainly helps make quick trading decisions second nature without emotion and to the trader him/herself, seem mechanical... Do you agree with this?
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Somewhat, yes.
...But also, for myself, I'm tending to gravitate more and more towards taking trades that I know will have an easier management path.
Easier management paths are pretty close to mechanical now ...the way I'm trading of late.
As an excellent example of what I mean here, take the BAT based stop Mike and some others here use at times. (I've used it at times too)
It does a good job of mechanising most of the decision for you :-
Stay in the trade until the BAT line gets interacted with, then work your exit from there. (Whatever that strategy may be)
...How simple is that?
All you have to do then is select trades that you feel will work best with the BAT line , or are more likely to get to that stage.
Quote:
The same active, quick management decisions made instead by a new trader would seem very discretionary however, because the new trader doesn't have the memory/experience to 'back' his decision.
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Yep. I'd have to agree.
Personally, I tend to talk about discretionary trading in terms of something I see on the chart that's not easy to teach to someone without writing a chapter to a novel in terms of the word count. lol ...Because of all the little visual factors and nuances that don't translate too well into words. Like being able to spot the most tradable pivot zones and ignore the noise in between.
...but to me, when I'm at my best, the decision has gotten down to I'll take it, or i won't take it and will manage it like 'this' because of factors x,y and z . It's pretty mechanical in that respect. (A1 locations help with this the most)
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Like you said, comes with experience and time. I'm pretty sure others here would agree.
.
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Sep 3, 2009 10:27am
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Quote:
Originally Posted by FinnTrader
I think this is at least close to be an A-setup?
A very nice pb at PPZ and 50% fib confluence.
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Yes. Very good!
Notice the room below after it breaks. Nice clean area. 
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Sep 3, 2009 10:45am
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Quote:
Originally Posted by aserbfx
+ the pb just retraced at the 150 ema.
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Nice. I've got no charts here so can't look at it. lol
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Sep 3, 2009 8:22pm
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Quote:
Originally Posted by mbqb11
Hey Evve
I will PM you in a sec
Mike
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...Wow... And I thought your posts were typed fast. You the man!
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Sep 3, 2009 8:30pm
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Quote:
Originally Posted by mbqb11
hahahah
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You answered three posters a couple of nights ago concisely, with proper grammer and presentation. (and a chart! lol) ...all within a few minutes.
You've picked up a secretary haven't you? 
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Sep 3, 2009 9:00pm
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Quote:
Originally Posted by mbqb11
spell check and coffee my friend
but a hot secretary sounds fine too LOL
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Manhattan 5:05pm ....plenty to choose from.
All you need is a 'Blackjack' and a roll of duct tape. 
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Sep 3, 2009 9:26pm
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Quote:
Originally Posted by jarroo
Can someone post a chart of the Gbp/Usd 4 hour chart? (FXpro if you got it)
I can't get anything clear from where I'm at now.
I don't know why I didn't highlight the 1.6300 . . . Duh.
Thanks
Jim
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Sep 3, 2009 9:34pm
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Quote:
Originally Posted by jarroo
Thanks mate.
Is that the 60 ema? Nice.
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White one is 365 ema. (other two are 200 and 150)
That candle bottom 2 periods ago is @ 1.6303 . So the round number is smack in the middle of that and the 365.
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Sep 3, 2009 9:59pm
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Quote:
Originally Posted by jarroo
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Yep. IBFX feed has it even lower.
Your black one is about right for the daily 365 though.
4 hr zoomed out...
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Sep 3, 2009 10:36pm
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Quote:
Originally Posted by joelcf
the more lines you have on your chart, the more chance you have of being 'right' when one of them gets hit.
Geez, dont you know how to sell a trading system?! 
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The same thing crossed my mind when I started to play the clip on that link. lol
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Sep 3, 2009 11:43pm
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Quote:
Originally Posted by krue
the calculations of fib conflu seems useless, even if he said the conflu coming from multiple tf, given the S R lines plotted on his chart can be visually identified in one tf only, isn't it true? so, why we would need it.
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You're right . We don't need it.
With fibs it's best to wait for confirmation that they are influential first, whether there's a previous S/R line there or PA confirmation or whatever. Which you can see naked anyway.
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Sep 4, 2009 10:44am
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Playstation Vs Trading NFP news. ...easy decision today.
Benji,
You are spot on with the strong levels at news time.
Weak orders get pulled from the market before the news hits, leaving the A1 levels to hold the fort. ...the levels that everyone has marked out as a last stand safety level on longer term day trades.
I know, because I've been doing a pretty good job of predicting where those limits are going to be prior to the result going public. It's not hard . Just read what I just said in the paragraph above. And I think Benji's on to it too.
Haven't been trading them. Just something to do while staying out of the market during NFP.
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Trade well people. End of the week for me. 
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Sep 4, 2009 11:32pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by ozziedave
Either way, I would wait for some additional PA to confirm direction before entering a position.
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I checked the chart for you and that is pretty much the sum of it.
The rest of your analysis is fine. Use it later when we get a breakout.
At the moment , if you are looking for a trade on EU daily you will be doing your head in. IMO. As you said... Daily Bearish OB which seems to be getting nowhere. If you switch to a weekly chart you see a bullish OB. There's your conflict.
I'm not meaning to be short with you. Just letting you know that that one sentence of yours is worth a lot.  The trade will be easy when it actually comes along.
Pullbacks. ...for your other question.
If we break clear of the current mess (let's say a break upwards), you would wait for a pullback and then wait for PA confirming that the pullback isn't in fact a total failure of the breakout. A successful pullback trade would begin by a strong rejection of the line that was just broken, proving that everyone has switched tactics.
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Sep 5, 2009 1:07am
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Quote:
Originally Posted by TiaForex
PS As Bundy said, once you start paying attention to NFP you see that price action tips its hand before the news hits. It is possible to be correctly positioned using simple PA and that's what I think you did today. Personally that level of unpredictable volatility scares me so I stay out.
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It can help point the way. Pre-result is still too unpredictable for me too.
What I was talking about was trading the aftermath. Usually within the first hour after the news there is a good set up off of one of those A1 levels I was talking about. Often a big confluence point.
When the result is released , price will fly through the weak levels without screwing around and stop where all the big orders are. ...sometimes there's a good trade in it.... either a reversal, or a pullback/continuation.
Your not gambling before the news. Just taking advantage of any strong direction that may begin after everyone has taken a deep breath.
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Sep 5, 2009 10:47pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by hellcat
Wanted to see what everyone thinks of this setup. If I am reading it correctly, there are 5 items of confluence that support a long move, but I am new and still (always) learning. My thought was to place a sell stop slightly above (10 pips) the top of the PB long and try to ride it back to the swing high. Again, still learning so any thoughts would be much appreciated.
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Hi Hellcat,
That's not a pin bar. It's a neutral bar. ...The close price is pretty much in the middle of it's range.
A lot of newcomers make the same mistake.
A good pin bar will have the open and close price right up one end of the bar with the rest of it's range jutting out significantly from all the preceding bars.
Take your bar again and pretend that the close price was above that open price. You should be able to picture it. That would be better. Not the best pin. , but better.
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Sep 6, 2009 6:52am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by Eclipse
This decorrelation with crude has to end...
Bye
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No it doesn't have to. That's like the famous "Can't possibly go any higher!" line. 
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Sep 6, 2009 8:17am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by Eclipse
The divergence between oil and natural gas is quite clear and fundamentally (or historically) speaking it shouldn't be like that. With this being said I'm looking to some objective signals which can help me to spot a potential reversal of the current trend. If this doesn't happen tomorrow, my money management protects my ass, looking for the next opportunity.
Have a nice day. 
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Wasn't dissing your opinion, by the way.
Oil shouldn't have kept climbing towards $150 last year either and I bet a lot of people called the top many times before it actually took place.
We can get caught up too much in 'the should' sometimes. Just tying that reminder string around your finger. 
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Sep 9, 2009 12:05pm
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Quote:
Originally Posted by judith
I spotted these 2 setups tonight, a daily PB (CAD) and a 4hr BEOB (AUD),they seem fine, but I feel there's something missing there, not sure if I should get in, what do guys think?
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Hi Judith,
I took a trade earlier today (OZ time) because of that Aud BEOB. Not directly though.
It was good how it closed convincingly well below the previous 4 bars. Always pricks my ears up.
I think like me maybe you seen (??) that it wasn't strong enough to counter the steep rise the chart has given us the past few days. And not enough room to that first potential trouble spot. It nearly looked like one of those retrace fakeouts you learn to notice after a while didn't it?
The BEOB itself hadn't hit the previous peak (next trouble spot to me) which I liked, but was too close to that peak to trade as a 4 hr set-up in it's own right.
So what I did was change to lower time frames and watched to see if it'd do anything predictable on the retrace.
Any retrace I thought would still want to close the gap down to the top of that other peak for real the next time.
Got an easy trade of twenty odd pips out of it. Would have done better, but ran an errand down the street at the wrong time to get the exit right. ...Also fluffed the entry a little. lol
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Sep 10, 2009 12:27am
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'Try-hard' extraordinaire...
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You do really well taking those trades too, on the whole!
For the record, your blue S/R level was my thought too for ending the trade if it made it. (...That's where it was at the least going to retrace IMO.)
I don't know how else to explain why my confidence on it pushing through was less than yours.
...I suspect for the same reasons Judith was uneasy about it.
...Probably along the lines of the 'turning an ocean liner around' parallelism we use. It was more like it stopped and backed up for a little while, rather than turned.
Forgetting all that though , the main reason that talks me out of those tight trades most in the end is -- I like 'management' room to be there foremost.
I like signal bars like that BEOB, but I also want to soften my risk exposure by having a little more room to play with as well. It means a little more waiting, but any eventual trades tend to be much less stressful. That's why I switched down to 15 mins and just left it there in the background to look at everytime my new bar alarm sound went off. It's a different playground then. An all new chart with a bit of higher time frame knowledge.
Another reason for liking a little more room to play with is , I'm of the belief that more room gives opportunity for more traders to commit and help with the momentum build up. It's kind of the "falling knife" analogy we use, but in a good aspect -- drop a knife from half an inch off your hand and it might scratch you. Drop it from a foot and it's likely to do a bit more. lol
I think a LOT of people are like me and won't enter the trade if the next S/R is too close. They'll wait for better opportunities. As we all know the more money lingering behind our trade ideas the better.
And my stop was around your stop level too, BTW.
Quote:
Originally Posted by jarroo
Well said Bundy.
My thoughts were that Price would at least hit the blue S/R level before hitting the .8600 or above. ( the black line was my stop loss, .8620) I knew those Highs (orange line) were a "trouble spot", but I had confidence that the quality of the setup would push to the blue S/R level. It did not.
If another setup presented itself like this one, I would take it again and not change a thing. (that's just me. )
Jim
(Sorry, I can't post current charts)

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Bundy's status today: "Waiting...  "
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Sep 11, 2009 1:42pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by jarroo
The Daily Cad PB is a good example of what your saying here. It fits it to a tee. Orange line is not giving any room to manage and stalling momentum.
Thanks Bundy.
Jim
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Geez man! ...I don't like screwin' with other peoples comfort zones, mate.
What I seen with UCad was the un-even bottom (per blue arrow "upset" ...Not horizontal to the one before it) . Don't like them myself....Just myself. ...meaning the pin we are talking about is below it ...totally not 'right'. ...K? ....I wouldn't be surprised if Mike had a similar view to this , actually. ....Being a break out man like myself. (thought he don't use the line chart)
I draw off of the line chart. So I got this... (orange line)
(JUST ANOTHER TRADE FILTER. I actually look for a short in this situation. No momentum building 'Room' for that either here , though. )
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Bundy's status today: "Waiting...  "
Last edited by bundyraider, Sep 11, 2009 2:31pm
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Sep 11, 2009 1:50pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by StoragePro
I cannot resist...
I jumped more than my share - and got slapped a lot...
I better stop right there...
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lol .... just got home from the 'jump'ing room. 
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Bundy's status today: "Waiting...  "
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Sep 12, 2009 10:07am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by ghous
Going for my bachelors at a good university here in Pakistan, and it's because it's good that I have to commit myself to it so much. And over that I have some very important experiments to execute in my strategies in addition to trade the conventional stuff - so at the end of the day it was the huge number of hours I used to spend here which had to take the hit.
g.
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Your a bright young man Goss. 
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Bundy's status today: "Waiting...  "
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Sep 12, 2009 10:18am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by jarroo
I knew that S/R level (blue) was going to get hit. PA within a consolidation area can be tricky. (at least for me).
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Yeah the ship had to turn around slower. lol
The second peak was tempting with that pin ( For em at least!).
It's a pity the first peak created a high traffic area in this case. It's taken a lot of trading experience to pass on ones like that and to know easier trades are on there way. There are even easier consolidation trades too. ..where traffic works with you. Knowing how to trade sideways doesn't mean we should abandon our pickiness, hey peoples? 
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Bundy's status today: "Waiting...  "
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Sep 12, 2009 11:25pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by jarroo
I knew he was lurking.
Hey Darkstar this is not a signal service. Do your own damn work.
(heheheheh)
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LOL
You're on fire tonight J. 
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Bundy's status today: "Waiting...  "
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Sep 12, 2009 11:47pm
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Quote:
Originally Posted by jarroo
I'm hoping he'll take it wrong way and start posting. lol
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"Tower, this is Darkstar requesting a flyby." 
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Bundy's status today: "Waiting...  "
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Sep 14, 2009 10:00am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by tradertt
Joel,
Just curious, How much room is sufficient for you to take the trade?
Do you trade manage james way as in move stop to BE at the first trouble area? or Mikes way, trailing 2 bar
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I'm with Joel. ...Waiting it out. Too many issues for this pair to deal with for the minute. ( and the retarded bit. ...it's bed time. lol)
If you want my thoughts on how much room? ...Enough room to get into profit and start moving stops. Where the stop is likely to be nicely protected. ...That's just me though. 
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Bundy's status today: "Waiting...  "
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Sep 14, 2009 10:22am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by TiaForex
I haven't heard it put better.
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Exactly.
...oops. ...Hang on ...I mean "exactly" to the rest of what you said.
You see the same thing happen time after time on close range trouble spots :- Draw down ....and with it the realisation that once again you could have waited for a better opportunity anyway... ...either as a better entry to that particular trade with even more reward , or for a totally different trade somewhere else down the track. In the mean time you stress about it while it screws around.
Edit: LOL I think I just repeated what you said. ...That's how badly I need to find that bed of mine right now. :P
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Bundy's status today: "Waiting...  "
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Sep 14, 2009 10:23pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by tradertt
But do have 1 question though, no matter how much space the bar is in, there is usually some bar highs or lows to the left of it which we can miss out where on hindsight we will say, hey I missed that high ...
No offence to James or anyone here but just trying to figure this out.
.
.
I really this PA works but when we get to the nitty gritty part of this, I am LOST!!!..... 
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I'm going to try and answer this simply, without ranting again. I bet I do though. lol
Bar high and lows in the past are reasons your trade could go wrong. A lot of them though are just weak levels. Just as you wouldn't trade off them, you can also take it that they aren't trade-ending levels - ...probability wise.
The best way to look at your chart is information about where the orders are sitting. Or are most likely to be still sitting from previously.
If you're long:- Don't look for bar highs as such. Look for recent tell tales of where orders are sitting that will go against your trade direction. (For that matter, also do the same on the other side of your trade for stop placement reasons). These levels are where every time they get hit someone (or many someones) comes in and blows away the ground that was just made up.
....For example:- On the previous down run (short ) you might have had a pull back upwards at some point. Where did that pull-back stop? When you look at the bars at the top of the pull-back - how dramatic was the sudden re-commencement of the downward leg? Does it literally look like everyone suddenly went "Right! thanks for giving me a better price, that's far enough! Let's continue down everybody! This is as far as it's going to go! At this price level I'm back in!" and then placed orders at that particular level?? Orders that threw the price down violently. A level that will STILL have orders waiting on the other side of it the next time we get back up to it. (A strong PPZ on the weekly chart will have more orders than a 1 hour chart PPZ and so on , of course)
....These are the sort of targets you can expect to aim for. (be conservative though, aim for the close price of that bar or something. Don't try and be a hero!)
(In the opposite regard these target areas are also great trailing stop areas.)
All those other little bar high/low areas you see are, on the whole, only worthy of being kept in the back of your mind as possible stumbling blocks. If recent moves seem to have little regard for these levels created a week or two ago then it's less likely they will be a problem soon. If you choose the strongest trade areas with the PA bars that offer strong indication of major orders being behind them then you can have a reasonable expectation that small road blocks will just offer up pauses in your trade's movement in to further profit.
Don't read the chart as a bunch of graphical symbols representing buy and sell signals and magical levels. Read what the chart is telling you about orders that are there, or likely to be there. Look for bars that show violent direction changes after a level was re-hit. If it's happened at the same point a couple of times it's even better! ...It means there are BIG orders sitting there. Traders are seeing it as a bargain level and going "THANK YOU!! I'll have that!". Then you see this happening at increasingly lower levels (in a down trend) you have an easy trade to manage.
Saying all that though you'll have to study this further, as you pointed out experience helps. You'll get there though!
Where are the orders, Where are the orders , where are the orders!! ....Think "HAMMER TIME!" Level get's touched ..they come in with a sledge hammer to knock it back to where it come from.
If you don't understand something I've said let me know for sure. 
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Bundy's status today: "Waiting...  "
Last edited by bundyraider, Sep 14, 2009 10:42pm
Reason: Proof read edit. Spell check rocks. :D
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Sep 14, 2009 10:34pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by mbqb11
I prob spend the least amount of time actually trading then anything 
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It's good isn't it?
....I mean getting the point where waiting actually feels really relaxing.
There is a whole week to fill in and so little time is actually needed to actively do something with charts and trades.
It's almost like checking that the fireplace doesn't need another log. LOL
(I like that one . Man, I'm good!  )
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Bundy's status today: "Waiting...  "
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Sep 16, 2009 9:39am
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Quote:
Originally Posted by triger88990
this kind of subject I was looking for and your post give a lot of common sens of how price move and from where those pull back comes,optaining a better price,and how to interpreted the S/R line
thanks bundy it was worthy read it!!
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Your welcome, Triger.
If you haven't already, read Darkstar's posts. I haven't gone through heaps of them yet, but from what everyone says he's covered a lot of these basic market mechanics very well. (Anyone confirm? ...Please.  )
I will do this too at some point. I have a pretty good understanding, but I have no problem whatsoever with dropping my pride and reading someone elses thoughts on the subject.
Quote:
Originally Posted by nonick
hey Bundy,
thanks for the great post! i'm not sure i understood the quoted part correctly though. What do you mean by "don't look for bar highs as such"? Do you mean that one should look for strong s/r areas and not single bar highs? Could you please expain this a little more precisely?
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Hi No. ('No' ...heh heh)
More info and a chart below.
Quote:
Originally Posted by tradertt
Thank you! Great post. I will be re reading this one for sure!
What we are looking for is the violent rejection of price previously as there may still be orders hanging around there hoping that price might go back to that level for them to get in as they missed the boat the first time.
However, when looking to enter the trades, do you take all the minor support and resistance to consideration on how they may bounce off them and go back and hit your stop as pointed out many times by many people
P.S. If you can throw up a few charts on this violent rejection of price that I should be worried about, it would be a great learning post for me.
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Right Guys,
Sorry for the slow reply first. I seen this last night, but I've kind of been a can or two short of a six pack the past few days, if you know what I mean? lol Had to leave this till later... So here it is...
First point thought to ttt, yes , but not so much because they missed the boat. More because they may see it as defining the top of a new range (referencing the example coming up below.)
Check out the chart below:-
From the left -
Check out the first SMALL blue arrow and the second SMALL blue arrow. (By the way, I've chosen a less clear PPZ or S/R flip to illustrate this point. )
When I say "don't look for bar highs as such" I don't want you to take it literally as "don't look for them". You should always be aware of them. lol
Bare with me on this one...
If you look at the first small blue arrow, we got our first rejection when support became resistance. That pink 'dot-dash' line just above them is roughly the level that meant something before (This is off screen. Look at your own charts to see the multiple bottoms at previous support that precedes my screen area.)
When we got the bar at the second small blue arrow, it beat the previous peak but was beat down again. There is obvious indications of traders seeing this area as a bargain. They don't even care if we aren't at the pink line. They just want in and see the pair at good value as a short from this level. (These traders of course can STILL be beat out by a BIG change in sentiment . NEVER forget that. (-: )
The LARGE blue arrow shows the most violent rejection of the level. How obvious is it now that this level has A LOT of interest? eh?
In this case it created a large pin bar (though in a sideways market, but oh well, it's an indication anyway. (-: )
Often these violent rejections take the form of all our beloved bar patterns here. ...BEOBs and BUOBS, Pins , DBHLC and so on. (...Understanding what a GREAT price action bar signal is yet? lol)
When I said Violent rejections I was just trying to get people to see the major price rejections that indicate great trading zones and to stop taking bars that are just shaped right, and instead look for the ones that show REAL STRONG information that you can use to trade with. Bars that keep "throwing a spanner in the works" of everyone trying to go the other direction. Bars that keep happening. When these areas happen, there are nearly always spikey looking areas of bars on one side (either long side or short be what I mean. aARRRR me hartys! ) . This doesn't make it a magic ingredient. You need to recognise the REAL ones. Takes a bit of practice. Some times price stalls and creates these areas, but they still look different most of the time anyways. Over time you'll recognise the difference with that as well. The violent rejections won't be as pronounced. You'll get them on both long and short sides of the bars.
Now... , if you go LONG from the bottom of this chart I have here (Where the bottom most pink 'dash-dot' line is, along with that 'baby blue' trendline that is there of mine as well ) ...if you went long there, there is NO WAY you should be expecting the trade to go past those areas marked with the blue arrows. You wouldn't DARE go long that late especially. You'd want a major bust of that selling zone. MAJOR bust.
(NOTE: I use line charts for targets A LOT if you're wondering why i ignored the Blue arrowed highs as targets. I've learnt not to be greedy ,and this example shows how it has improved my target hit rate over time as I discovered it. FYI, No trades were taken on this chart either.)
I'm going to throw up some more examples the next day or two to show a bit of variety and clear this up a bit further for all y'all.
Can you see how you shouldn't be looking at the charts as just a bunch of exact bar highs and lows etc?? ....We talk of zones and I'm sure you get that bit already. ...What I'm trying to get across is for you to think about how the bars are painting a picture of the the underlying interest in the pair at any given time. ...The REAL important bars are the ones that show the big money coming in and eclipsing the small action. Look at the charts this way you can start to get an idea on how to move your stops as a trend progresses. You can see how all the small highs and lows aren't as scarey to sit through either. The ones to look out for are the ones where there's some real weight getting thrown around. In the case of a trend developing you can be in on a trade and watch the small ups and downs happen ...all relaxed and waiting.... and recognising that all of a sudden the big orders have moved along with the trend, and are now created spikey violent type reactions at a new level. AHAAHH!!! BINGO!!...Now you can move your stop closer and use this new protective area of big traders to hide your stop behind.
(I'm struggling to type this out now. Damn that whole weekend of partying!  ...football finals  )
Where was I??
Arrrrmmmmm... oh yeah... ...whoah, Nup.... Haven't got it... damn!...
...Anyway , It's a pity there wasn't a violent reaction at the second Yellow Arrow. A BIG Bearish Outside Bar or something. As that would have made for an awesome signal to go short. The rest of that chart allowed me to start showing what I meant at least.
Please, please, please ask further if you need it. Like I said I'm kind of not in a "post a clear explanation" - type of mood. LOL
Quote:
Originally Posted by tradertt
I often see people taking profits very early 0.3R, 0.5R, 0.2R
and sometimes, not often (of course the more experience you are the lesser you get hit by a full bar loss) you take a BIG full bar loss (1R) which totally eats up all your previous profits and even bring you into the losing zone.
What are your takes on this? Hope you guys understand what I am getting at.
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I get what you mean and I'm sure others answered this as well.
What happens though is the full bar losses aren't that numerous, ....when you choose the right trades. There are a lot of winners.
Wait for the trades that have strong protection behind them ...like what I talked about with those violent rejections above. Wait for the best price trade. Wait for the one that is your ideal trade entry, rather than getting in on a trade early with half a position or whatever "just so you don't miss out when it leaves without you" <---really avoid doing that. LOL
...Really wait! , ...and say "NO" more often too. (-:
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Bundy's status today: "Waiting...  "
Last edited by bundyraider, Sep 16, 2009 9:50am
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Sep 16, 2009 6:22pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by jarroo
Great post Bundy. Thanks.
This one's a keeper.
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Thanks J. You went through that whole post??  Nothing new in that one for most people here!
You would have fallen asleep! lol
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Bundy's status today: "Waiting...  "
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Sep 16, 2009 6:24pm
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'Try-hard' extraordinaire...
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Cherry Video
Quote:
Originally Posted by rikrok
Hi SP...can you point out which one of the many is Mike's 'cherry' video please?
I may have viewed it before at some point but don't recall, I've looked through the PF and can't see one called that so I suspect it has a different name....but , I certainly don't want to miss out if there are any Eureka moments to be had 
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The cherry video was the first one or two in the guest section, if that makes it easier.
Mikes Cherry Video
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Bundy's status today: "Waiting...  "
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Sep 17, 2009 1:20am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by joelcf
- (hurry up and move up, AUDUSD, so I can go to noo yawk)
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Then the flight prices will be up too. lol
Damn cheap of late , eh? 
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Bundy's status today: "Waiting...  "
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Sep 17, 2009 8:18pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by mike w
It's looking like the end of that run up on the cad/jpy from three days ago and now the run back down to the 84 area. Easy money. Who didn't see it ending there? Cluttered up chart but it serves a purpose for me.
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Gee Mike, cluttered up?
That's a clean chart to me. lol
I see past my 3 or four MAs on my chart now and don't even notice them taking up screen space.
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Bundy's status today: "Waiting...  "
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Sep 17, 2009 8:31pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by Ryanmcd
Man when I was in Golf Port seeing my brother I got $100 out and never even played, I had no edge on anything and I knew I was just going to lose so I walked around lol.
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LOL
Did the same in Queensland a few weeks ago.
Lottery tickets just aren't the same any more, either. LOL
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Bundy's status today: "Waiting...  "
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Sep 17, 2009 8:50pm
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'Try-hard' extraordinaire...
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USD/CAD
Sooooooo close to being worth taking. :P
Suspect it'll hit white 23% fib line I have there.
...oh well.
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Bundy's status today: "Waiting...  "
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Sep 17, 2009 9:02pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by mbqb11
The traders I work with(which are a lot at this point). The ones I have the toughest time with or have to spend the most time with are the ones who have been around the longest, or "learned" the most. I have to try to teach them to unlearn so many bad habits.
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Yep.
I'd have loved to have had you or Jim looking over my shoulder 10 years ago before the habits got learnted.
At the same time, I've got a lot of little tid bits I've worked out for myself that just needed complimentary skills to go with them. So I don't regret everything.
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Bundy's status today: "Waiting...  "
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Sep 17, 2009 9:02pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by ghous
He's a good politician, this man.
Bundy, you do have cluttered charts
(jk.)
 ...
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They can be though. lol
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Bundy's status today: "Waiting...  "
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Sep 17, 2009 9:10pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by benji533
Someone with me in this?
Different entry strategy this time.
Ben
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I've got to agree with mike on where you've gotten to.
For someone who hasn't been posting much till lately , your charts are good to check out. You post wedges and so on, ...for me to come along and check out.
You and a couple of others make for our own little personal pattern EAs. 
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Bundy's status today: "Waiting...  "
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Sep 18, 2009 12:38am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by potato
hey bundy how come u didnt like this trade?
i posted this one a few pages back too.
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If the pin was larger (Stronger come-back) , I'd feel better about it pushing through against the trend and against that pink line I drew earlier.
It's not a shit trade, man. I'd just prefer my trades to have an easier path so I can manage it easier.
The target starts getting too close if I try and trade off of a break through that line, which would be one option normally. In the end that is what killed the idea of a trade, for me.
Your target's good, by the way. I'm thinking somewhere around there anyway. Maybe we'll get a good short signal off of there.
See the pink Dot-Dash-Dot line just above my yellow 'X'? ... That's a trend line off of the weekly chart that has been given a good workout. Would not be surprised at all if that's where we'll continue down from later on.
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Bundy's status today: "Waiting...  "
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Sep 19, 2009 8:12pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by benji533
BUT, do we calculate it right? If our oscillator is based on the close point of the bars, so we need to use the close points of the bars in order to check if there is any divergence. Does it make sense?
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You're shortcutting the rest of the closes between Point A and Point B as if they don't count.
Switch your chart to a line chart , look at your peaks and troughs and you'll see where your going wrong on that point straight away.
It doesn't matter if we aren't drawing them the most correct way. They're one of the strongest tools we have the way we currently use them anyway. 
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Bundy's status today: "Waiting...  "
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Sep 19, 2009 8:14pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by raczekfx
works like a charm...
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Great! ...Now when are you upgrading your PC to get it back to your original working speed?? 
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Bundy's status today: "Waiting...  "
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Sep 21, 2009 4:53am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by tehuringa
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lol ...I wouldn't have read the post if I hadn't seen that smiley.
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Bundy's status today: "Waiting...  "
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Sep 23, 2009 8:11am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by triger88990
hey guys here is a problem I'm struggling, and need some inputs from you guys.
the emotional power of the candlestick chart versus bar-chart.
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Use whichever one you are comfortable with , or both.
I swap and change all the time. Some things I see better with candles, other things I see better with bar charts.
In fact I swap between bar, candle and line charts ALL the time.
Doesn't matter. 
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Bundy's status today: "Waiting...  "
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Sep 23, 2009 5:23pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by raczekfx
Some trades triggered around FOMC, most of them by limit orders
.
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I KNEW that was going to happen last night! F#@! ...LOL
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Bundy's status today: "Waiting...  "
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Sep 23, 2009 5:39pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by mike w
I'm loving the looks of that gbp/usd daily coming up with a target of the previous 1.6250 area and I'm also liking the usd/jpy.
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Them's purdy.
Cable looks good on the 4 hour as a BEOB too.
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Bundy's status today: "Waiting...  "
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Sep 23, 2009 9:23pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by mike w
 The almighty raider has spoken. and also agreed with ya Roger! I'm lovin it should be the new PA and FF slogan.
I already have most of the position on and am waiting on that retracement now.
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...Almighty. lol
I had to help trailer our race car. So never got an order in earlier.
I'll watch what happens later at deep retraces. Otherwise take a break of the new low.
Damn nice long nose on that daily. Even if not at the highest of swing highs. 
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Bundy's status today: "Waiting...  "
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Sep 23, 2009 9:29pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by raczekfx
Hope you had a plan and acted accordingly... 
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Yep. I 'planned' to get some sleep, and did. LOL
Didn't trade anything. Just had that feeling there'd be a good squirt back coming up later in the night. Looks like easy money for the taking.
There's always the future. 
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Bundy's status today: "Waiting...  "
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Sep 24, 2009 4:01am
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'Try-hard' extraordinaire...
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GBP/USD Take P.
That'll do me! 
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Bundy's status today: "Waiting...  "
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Sep 24, 2009 4:06am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by bundyraider
That'll do me! 
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Would love for this one to continue on down. Will look for another set up to get back in if it does. 
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Bundy's status today: "Waiting...  "
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Sep 24, 2009 4:14am
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'Try-hard' extraordinaire...
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GBP/USD
What next??
Anyone else got this on the radar? 
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Bundy's status today: "Waiting...  "
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Sep 24, 2009 5:35am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by tehuringa
....Lots of confluence at the 1.6000 mark on the daily though....big round number, 150EMA and the 38.2% fib....it'll need some momentum to get through that 
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 Yeah, that's why I wasn't worried about closing the whole lot. It hasn't proven it's out of the sideways phase yet. There's a lot to fight with to get out proper. ...Will be nice to get some sweet PA off a pull back, if it does. 
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Bundy's status today: "Waiting...  "
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Sep 24, 2009 5:47am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by Cyrus
My small tribute to the J16 thread.
In essence, have grabbed all of the posts from James16, mbqb11, raczekfx from page 1 to 2500 of the thread and stuck them into 1 file.
I'll add other seniors when I hv more time.
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I love it when you guys put time into projects like this.
I think you've covered the most useful and consistent posters above. If you're going to add someone else to the compilation make it Jarroo, for sure. He has posted a LOT of consistent examples since he's been here. That'd be very useful for new gals and guys to go through.
The other one from early on would be Habeeb. ...Before the slack bugger put his family first and disapeared  (....Yeah...I know you'll pick up on your name mentioned , mate.  ).
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Bundy's status today: "Waiting...  "
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Sep 24, 2009 9:35am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by supremeChaos
Hihih..
line chart-based TL? 
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Yep. Mixed. I factor in both ways. What ever's strongest. A lot of the time they work together. 
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Bundy's status today: "Waiting...  "
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Sep 24, 2009 11:13pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by joelcf
Those moves has alot less to do with arbitary trendlines, and alot more to do with the FOMC announcement and existing homes releases last night.
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And the beauty of it is , you didn't even need to know 'why' to make money out of it.
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Bundy's status today: "Waiting...  "
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Sep 24, 2009 11:21pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by g_j_hook@yah
ye iv been looking at this also, i have another senario i think is possible??your opinion would be appreciated.
its run a long range today allready so mabye a little pullback is eminent??
the chart is getting very interesting at any rate!! 
cheers
jon
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Sorry Jon, I missed this yesterday. ...I guess it's too late to post my thoughts. lol
No hang on, I will anyway:- "...after printing a Pin , Cable will shoot through all in it's way and net us somewhere around 300 points before even giving us a decent pause. " ...insert that into history so that I look like a trading genius, if you can thanks mate. 
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Bundy's status today: "Waiting...  "
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Sep 24, 2009 11:30pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by mike w
The more I see
the less I know
the more I like to let it gooooooo
Heeeeyyyyy ohhhhhhhhh
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Chelly Puppers! ...ROCK ON!! 
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Bundy's status today: "Waiting...  "
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Sep 25, 2009 12:04am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by joelcf
...and then people who later drew 'trendlines' on the hourly/daily that cuts through half the bars and then claim that it was almost a certainty that price did what it did.
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I just worry when I see people ascribing meaning to random post hoc diagonal trendlines that dont even really make that much sense. It's just curve fitting, imo.
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If they hang around long enough in here... ...we'll fix 'em up. 
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Bundy's status today: "Waiting...  "
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Sep 25, 2009 12:06am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by Que
While I am waiting for a trade setup, sitting in a hotel bored to tears. I figure I would work on a PA alerting indicator. Nothing special, just sends emails and such when a pin or BEOB ect... forms.
Que
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Hi Que,
Comparing the length of your signal bar with ATR can be a good filter. Otherwise you end up with a lot of very ordinary signals that just wake you up for jack. 
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Bundy's status today: "Waiting...  "
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Sep 27, 2009 10:15pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by benji533
.
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But I must admit I'm playing much more aggressively than him  I always look for ways to increase my R:R by playing retraces or half stops, etc.
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We've ALL gotten pickier with time. ...Don't worry, you will too. LOL ...You can't escape it.
The best way to increase your average R:R is to wait for the best opportunities only. As a bonus you also get to do less work and decrease your stress levels managing the easy trades you are taking.
Agree with your Clean charts = Clean mind too. 
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Bundy's status today: "Waiting...  "
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Sep 27, 2009 10:27pm
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by mbqb11
agree highly with both these statements. Mostly because both apply to me very much 
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 ...Even though my definition of a clean chart is a little different than some of you at times. lol
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Bundy's status today: "Waiting...  "
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Sep 28, 2009 8:45am
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by Forex007
Hm... How about balance in life (balance is good everywhere). Would you want to be a guy with a big triceps on your left hand and a big biceps on your right one only? 
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I wouldn't want to have biceps OR triceps on either of my hands.
It's hard enough typing out SMSs already. 
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Bundy's status today: "Waiting...  "
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Sep 29, 2009 10:56am (36 hr ago)
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by mike w
Too easy my friend. I'm not in the UJ, but I really don't see why anyone would have NOT taken that eur/gbp.
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I've got a reason on my order screen. I'll be waiting a Loooooooong time for GBPCHF to break down through .9180 anyway.
("Don't know", ...before anyone asks how I managed that. lol)
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Bundy's status today: "Waiting...  "
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Sep 29, 2009 8:16pm (26 hr ago)
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by TiaForex
I thought I was the only person who had done that.
When I did it I zoomed out and saw exactly where my order line was. That was fun.
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I was looking at both EURGBP and GBPCHF before i placed the trade for E/G. It's obvious now that I was on the wrong chart when I placed the order. lol
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Bundy's status today: "Waiting...  "
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Sep 29, 2009 10:19pm (24 hr ago)
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by Lou
Just an idea... each of my charts has some different colors, either background or bar colors for up or down. Helps me keep track of the chart I am on visually.
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Thanks Lou. I don't make those type of mistakes often enough to worry me. Have done the different colour thing in the past for different time frames though, when trading one pair.
At one point I had text Titles in large yellow fonts on the charts too. Still woldn't stop me from making that mistake. lol
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Bundy's status today: "Waiting...  "
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Sep 29, 2009 10:25pm (24 hr ago)
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by dengzhi
my USD/JPY pinbar trade stopped out at BE.
my original TP was 90.34 which would have hit if i didn't touch it! i got greedy and moved it up to 90.49 because the size of the pinbar looked decent enough to make it to the ~90.5 area.. which it still may, but there was a drop that took me out at BE.
oh well
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No matter how good the pin is , I personally like just a little more room to the bar lows (such as those mid september ones). It (price) eventually beat them a little this time, but at least you get to manage the trade with a bit more room if you wait for trades with more space to begin with. You end up a lot happier with your gains too and tend to not go for that last little inch. 
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Bundy's status today: "Waiting...  "
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Sep 30, 2009 2:13am (20 hr ago)
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by Dale
Any one else in this one?
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Was. Kind of because of the IB. Only rode it to 6030 area though.
Thought we'd get a better pullback after that target was hit. (38.2% since sept. 23 high and recent history at level)
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Bundy's status today: "Waiting...  "
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Sep 30, 2009 2:18am (20 hr ago)
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by jarroo
I didn't catch this one (I'm in too many position lol) but was watching it.
I was smiling like the butcher's dog.
Beautiful retest on the 1.6000.
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Didn't it ever! lol
Too quick for me to catch . (Too busy ironing my jeans. lol)
Like I said, was wanting a deeper pullback. Oh well, back to waiting. 
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Bundy's status today: "Waiting...  "
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Sep 30, 2009 7:58pm (3 hr ago)
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by joelcf
On one hand, I want to short GBPCHF. Nice pin with the trend at retracement with plenty of room to run.
On the other, taking a long position in francs with the SNB so twitchy makes me want to sing Danger Zone as I trade, and that could just get embarassing in the middle of the office.
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Watching it this way for a low risk play later on maybe...
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Bundy's status today: "Waiting...  "
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Sep 30, 2009 8:31pm (2 hr 36 min ago)
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by Dale
There where only sell stop orders on the chart, now buy stop orders also.
What you all think of the location?
Thanks
Dale
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Of today's pin?
I'd be A LOT happier if we were up higher than that before going back down. I want a return to these areas at least damn it!!...
(I think your long will happen, but that was strong short interest the past week).
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Bundy's status today: "Waiting...  "
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Sep 30, 2009 8:54pm (2 hr 13 min ago)
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'Try-hard' extraordinaire...
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Quote:
Originally Posted by supremeChaos
LOL, u want some BIG discount huh? 
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No. I just want a better trade!
Quote:
Originally Posted by mike w
I wouldn't be surprised at all if we were to see that in the very near future. I don't see this daily pin as solid at all.
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Sideways for a few days??
My question, at the minute, is whether James likes it as a 150 system trade.
(Where are ya big fella?  )
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Bundy's status today: "Waiting...  "
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42 Traders Viewing This Thread (18 are members)
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hijackxx, TraderJay101, Bluehills, mbqb11, Cyrus, Invisible, gjworley1952, unlv_tj, supermatt, joelcf, pipmyride, StoragePro, Rocket!, TC East, scarlet, darewood, Ebont74, jpa0827
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