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james16 Chart Thread
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Nov 29, 2010 12:36pm
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one for you touch traders...
Quote:
Originally Posted by ghous
That doesn't like like a bad setup at all...in my book at least. Good location (obliging to the 2W pin bar, off the 1.000 and forming the break of the H&S pattern on the daily) Decent shape (strong close) and a very very clear idea of where price is going at the break of the BEOB.
g.
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hi ghous, nice charts as usual  , hope your well.
ii was just lookin at my chart before i read your post and i also liked the chance of the touch trade this mornin. i like this kind of setup,retest of the TL,with the PPZ at the RN, plenty of momentum..
jon
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Nov 29, 2010 1:11pm
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Quote:
Originally Posted by Oldice
Hi all,
Another analysis; this one's a little tougher than the last one, for me, at least....
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hey Dave, nice analysis, i agree with your PPZs exactly! although as this pair moves a lot of pips i personally dont expect too much reaction from those which are in between RNs although of course i like to be aware of them.
the downside for me is that i would be tradin into some traffic and also the weekly has a bit of bullish div. pointing too a possible rest in the downtrend?? price has been pretty flat all summer on that TF (which is the traffic i mentioned
the daily is also showing bullish divergence which could be a sign of the bears weakness. this TF shows the traffic below the BEOB also.
All in all one to manage tightly if its taken, a pass for me personally.
jon
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Dec 1, 2010 3:35am
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Quote:
Originally Posted by Oldice
Hey Jon,
Thanks for those thoughts! Glad to know you like my PPZs; I'm still pretty new at finding them. Thanks also for your points re divergence. I've not paid a lot of attention to it, to be honest; it's an interesting tool, but not one I know how to use or rely on yet. I agree completely that this is one to manage tightly. I'm in early demo stage; maybe in six months I'll look at this and pass!
--Dave
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hi Dave, jus a word of warning to clear things up, someone (sorry i cant find the post to quote your name)pointed out i had mistaken the hidden bullish divergence i marked..it is infact hidden BEARISH divergence!! derr! sorry for the confusion.
Quote:
Nice chart Jon.
It may be the third touch of the trendline . .but its the 1st touch of the Resistance confluence that was previous Support. . .
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cheers Jarroo, good to see you still around and workin hard!
jon
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Dec 1, 2010 3:58am
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heres a couple im demoing atm..
gb/yen, nice sized pin bar at the 130.00 PPZ and the 50% fib confluence. took the retracement of the pin bar near the RN 130.00 (had my eye on that price) running into traffic so will be watching carefully.
gb/chf daily pin bar, not bad shape but decent location. taken the standard way with my stop below the pin and my entry 10 pips plus spread above the pins high. as Jarroo has pointed out, its also running into traffic so one to manage tightly also.
lets see what happens?
EDIT: regarding the gb/yen trade i had my initial stop below the pin when i entered but moved it to below the retrace low after price broke the pin bars high.
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Dec 1, 2010 4:02am
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Quote:
Originally Posted by jarroo
Thanks jon . .good to see back for awhile.
James16 and Raczekfx talk about the first time back on many different types of setups.
I'm searching out Rac's post that mentioned that. I remember Rac and ghous talking about it way back when . .something like . .1st time back; good . .2nd time; OK . .3rd time, so-so. . .4th time, no way. . . something like that.
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thanx,
yeah, i remember a post from James16 about the retest of the 365 MA after price has crossed it. will also search some out, i like that sort of setup.
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Dec 1, 2010 4:37am
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Quote:
Originally Posted by jarroo
Yeah, the first time back on the long term emas.
But to your post that I mentiond that .. where Price turned from Support to Resistance (or vice versa) with added confluences like the trendline confluence you had . . .the 1st time back is where the famous "KaBoom" type setups that Rac keys on.
Have you seen Rac's thread?
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you could have thrown in a fib for good measure also,lol. i saw the thread , iv read most of it and its in my favourites. not gonna miss that lol Racs a mean dude!! 
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Dec 1, 2010 4:40am
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update..
Quote:
Originally Posted by g_j_hook@yah
heres a couple im demoing atm..
gb/yen, nice sized pin bar at the 130.00 PPZ and the 50% fib confluence. took the retracement of the pin bar near the RN 130.00 (had my eye on that price) running into traffic so will be watching carefully.
gb/chf daily pin bar, not bad shape but decent location. taken the standard way with my stop below the pin and my entry 10 pips plus spread above the pins high. as Jarroo has pointed out, its also running into traffic so one to manage tightly also.
lets see what happens?
EDIT: regarding the gb/yen trade...
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gb/yen..closed 60% at 130.85 moved sl to 129.85.
gb/chf moved stop to 1.5550
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Dec 1, 2010 5:30am
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update
gb/cgf... closed half,moved stop to 1.5580. if the 1.5500 level cant hold as support now i would loose all confidence in the trade. The trade will net about break even now so its a free ride whatever happens. Will take full profit if it reaches 158.50 adjusting the stop accordingly along the way
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Dec 1, 2010 5:58am
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Quote:
Originally Posted by g_j_hook@yah
....
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speakin of au/cad..
4h chart of PA since then..
gotta love BRN lol
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Dec 1, 2010 6:10am
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gb/chf...no surprises here then, 1 hour TF showing signs of retracement/reversal just where we expected it to have trouble.
PA on this TF wont effect my trade management on the daily trade but its interesting to watch PA...well...PAing.
intend to leave my stop where it is until any retracement has bottomed out (unless it reaches 1.5680 first) and then i will hide it below that low if price takes off again.
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Dec 1, 2010 6:16am
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Quote:
Originally Posted by Pinbar
Nice clean charts and PPZ GJ.
I think I am at LONG last starting to see how to do this on the weekly.
I use the Price indicator so I don't put them exactly on RNs.
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 , things certainly got a little easier once i had confidence in my PPZs!
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Dec 1, 2010 7:02am
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Quote:
Originally Posted by Osman
Hey g_j
Your g/chf entry was based on the 4hr BUOB ?
Thx !
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no, the daily pin. (IBFX) i dont have a 4h BUOB on my chart.
jon
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Dec 1, 2010 7:07am
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Quote:
Originally Posted by Pinbar
Yes, I think you hit the nail on the head.
I am still learning to do that.
Thanks for the hint GJ. 
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it was a big step for me, how much confidence could i have in a bar if im not sure of the location??
p.s.i wasnt hinting nor am i trying to teach anything with my charts, its more of an exorcise for myself. iv been away from the markets a while so it good to get feed back on what im seeing, and as this is the best thread online by far....
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Dec 1, 2010 8:14am
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update
gb/yen...moved SL to 130.45, just below intraday PPZ and retracement low(on 1h TF)]
will move SL to below 131.00 after a retrace to that level (if it happens)
this is a 4h trade with tight management conditions so intra day levels play a part in my trade management. now looking for 132.00
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Dec 1, 2010 1:08pm
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update
gb/yen.. moved SL to 130.80
gb/chf.. still hanging in there...
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Dec 2, 2010 7:25am
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Quote:
Originally Posted by Atc
Was watching that and liked this also...I'm just screwing off demoing the 1H sideways trading channels...practice...practice ...practicing for game day....if I get positive results.
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i think they are both worth a few pips but i like the eu/aus better running into a mess though. 1h trades for me are a quick 1:1 in and out trade.
lets see what happens??
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Dec 3, 2010 4:03pm
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i like the other side also, us/chf has a weekly BEOB coming off strong PPZs
it is running into pretty strong resistance though but could have potential in my view?
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Dec 5, 2010 12:16pm
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i thought i would throw this up for comment..
us/yen weekly BEOB coming off some quite good res.
this is how i see it..
(daily chart is a bit busy..sos)
jon
EDIT: would have liked to have seen a higher high also to really test that area
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Dec 5, 2010 12:17pm
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Quote:
Originally Posted by john225
How is the USDJPY weekly BEOB?
Can?t make a pic at the moment sorry guys
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haha do you read minds as well as charts!!?? lol
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Dec 6, 2010 10:49am
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Quote:
Originally Posted by jarroo
Looks like that 83.00 is acting as strong Resistance.
Nice charts jono.
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cheers,yeah,price has been huggin that area all day. wonder which way it brakes?? oscillators have are bottoming out quickly which is usually a fairly bullish sign in my experience but we will soon see!
i took a 1h BEOB on the eu/yen last night which turned out good. banked half and have my SL in profit.
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Dec 6, 2010 9:14pm
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Quote:
Originally Posted by jarroo
What's an oscillator??? . . . (jk...  )
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lol ya know...it goes from over spent to under funded...?...ah, no wait a minute...that would be my bank account!! lol
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Dec 7, 2010 11:48am
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Quote:
Originally Posted by Adilius07
I am still a little confused by the leverage thing. Mine always were 1:100
So now if Oanda's max is 1:50 do I need to care?
I still calculate my position size as 2% Risk. Dam I'm confused a little.
If my risk is only 2% that means I will never use that leverage available anyway, right?
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le
hi Adi, basically a 50:1 leverage means you will pay double than a 100:1 leverage for the same trade.
e.g. 1 lot position with a 50 pip stop with a leverage of 100:1 might equal a 500 euro risk. (for e.g. if its 10 euros a pip per lot) but for the same position with a 50:1 leveraged account you will have a risk of(cost of) 1000 euros.
so yes it does make a difference!! you would need to half the position size to risk only 500 euros.
hope this helps
jon
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Dec 7, 2010 11:52am
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us/yen looks like a good daily BUOB if it closes like it is now??just need it to close above 83 with a little conviction...
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Dec 7, 2010 12:39pm
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AU/CAD
something else in my scopes...
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Dec 7, 2010 12:41pm
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Happy B day Mike!!  
( thats b-day not d-day eh!? take it easy this weekend! 
and a big thanxs for everything
jon
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Dec 7, 2010 3:24pm
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Quote:
Originally Posted by Adilius07
Exploring Oanda, that doesn't even look like EUR/USD in my other MT4 platforms, I thought we had double inside bars on daily.... still ok this? 
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Oanda,s charts are crappy! i have an account with them but i trade off mt4 charts. i pretty much ignore there charts( although you can get some trades off there 3h TF)
it does show price before any other broker after the weekend though(for some reason??)so its good for that
EDIT: and what Mike said lol
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Dec 7, 2010 3:39pm
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Quote:
Originally Posted by Adilius07
Do you think they are reliable in general? I can get used to trade like you of MT4, the most important aspect is the safety of our funds and prompt withdrawls, honest dealing etc...
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yeah, in my experience they have been very good, no slippage no waiting for money (in or out)good service, i chose them for the same reasons as yourself, namely for the security of my funds not for small spreads or 200 buck offers.i did quite a lot of research before i opened an account with them and they easily came out on top. and they do have good spreads for most pairs btw
dont take my word for it though...
jon
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Dec 7, 2010 3:51pm
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Quote:
Originally Posted by lovejoy80
It's because Oanda do not close over the weekend like traditional brokers.
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ahha thanx.
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Dec 8, 2010 12:55am
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Quote:
Originally Posted by Pinbar
GJ....I saw that BUEOB on USD/JPY this morning while checking the charts.
But, if we look at the weekly, we can see a BEOB and the flip area is right at the RN. It's a pass for me but would appreciate your input on my decision.
And indeed Blue's.
Thanks in advance.
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hi PB, i do take a general note of higher TFs when considering a currency pair to get a feel for the trend,situation etc. but i trade each TF individually as price can have different,conflicting trends on different TFs,as u know.
remember there are 4 daily bars to a weekly bar and my trade may well be over before the weekly bar closes.(and that would be just 1 more weekly bar so any trigger bars may not have even triggered yet!)
in the case of us/yen (i missed my entry btw, i was asleep!) the area you marked on your chart is definitely in play here and would have been my FTA. After that point (if price reached it) my trade would be protected by moving my SL or/and taking profit so i wouldnt be worried what happens next. If price then broke down and triggered any higher TF bars i would assess the situation from that TF.
i do go to lower TFs to manage my trades, to note any intraday PPZs etc (although many people will only take action from PA on the same TF as they entered) but i would only let PA influence my trade from one TF lower as any lower and it starts to become just noise imo. So a BIG PB on the 4h chart might make me take some action on my daily trade but even the best A++ pin on the 1h TF would not influence me much as i know it can play itself out easily within the ranges of the daily bars.For that reason i try and keep each bar in context to its own TF
this is longer than anticipated!! i dont know if it helps but this is how i approach the charts
jon
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Dec 8, 2010 1:29am
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Quote:
Originally Posted by g_j_hook@yah
something else in my scopes...
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closed a nice strong DBHLC, long bar almost engulfing 3 preceding bars and a close near its low. Taken half off the table at the FTA and moved my stop, i have no risk in this trade now.(demo)lets see what happens.
us/yen is breaking nice and hard (Jarroo style) it will be interesting to see how price reacts to the 84 level??
aussie daily BEOB breakin hard also, FTA on my chart around .9730-40...
nz/us breakin hard....ok you get the picture, some good bars today, although not much space around
seems the whole world was bearish aussie yesterday!?!?
jon
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Dec 8, 2010 1:58am
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Quote:
Originally Posted by pn1
First I would like to thank James and other people like mike, Jim, ghous etc. for continuing this excellent thread. Its been a pleasure reading this wonderful thread. By the knowledge of PA I have collected from this thread, I would like to know if I am looking at a correct setup, so please check the charts below
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in my view your perfectly correct to see this area as a good area to take a trade,PPZ with confluence, swing low in an uptrend. I agree with your PPZs, they are in the same place as mine, but i personally hope NOT to see a pin bar here as i am short from the daily BEOB!lol
did you not like that trade??
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Dec 9, 2010 8:59am
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gb/us.4h BEOB coming off a nice PPZ and closed below 1.58. it broke quite nicely and price is now retesting 1.58.
one to keep my eye on ??
jon
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Dec 9, 2010 9:16am
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Quote:
Originally Posted by Adilius07
Looks like it could be a good long play to me...
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interesting, it doesnt look like that on either of my feeds. i wouldnt take it long though right now as that is not a convincing pin to me, we have 4h bearish div and that long BEOB. we are also running right into that PPZ you have on your chart(which actually goes further back also)i personally wouldnt take the TL too seriously either as i like to see price actually touch the line and this is too far away for me??
if price closes above 1.58 on the next 4h bar i will be thinking again.
jus my view,
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Dec 9, 2010 3:40pm
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Quote:
Originally Posted by grahamec
Hi
Would someone kindly answer me a question if you can.
When the range of a pair is talked about does it mean the total from high to low range of the bar or does it mean from the open to the close ?
Cheers
Grahame
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hi Graham, yes the range is from the high to the low of the bar/session. As Kalbar points out a lot of people use the ADR which is the average range taken over so many periods but simply speaking it is the "range" between the high and the low.
jon
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Dec 11, 2010 6:15pm
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Quote:
Originally Posted by ppfx
Thanks.
Here is an interesting one. You probably saw the debate around it on Friday.
Attachment 596665
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this is an interesting one, im pretty bearish with this pair (as far as next week is concerned )weve had very bearish daily candles this week which is no surprise really as price has been running into strong levels of res.(with fib confluence ) a failure to close above 1.5800 and the strong divergence on both daily and 4h shows a bit of weakness to me ??
longer term we have a ranging market but shorter term (about may onwards) we have an uptrend that looks like it has about come to an end or ready for some retracement with the last lower low.
havin said that a good break above 1.58-.5850 and it could well be a strong initial run. it was well below its ave. weekly range this week so it could catch up next week??
at the end of the day it wont make a difference to my trading though, a strong trigger bar at a good location with some space and my opinion becomes null and void!! lol
jon
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Dec 11, 2010 6:20pm
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Quote:
Originally Posted by PrymeTyme
i do think that where going up on GU ... as i see signs of strenght in it..
cheerz
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hey PrymeTyme, your analisis looks sound to me also, its just i have my own way to look at charts, you could well be correct?
its interesting to see how different people have conflicting views on charts! i suppose thats what makes the markets move
jon
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Last edited by g_j_hook@yah, Dec 11, 2010 6:33pm
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Dec 11, 2010 7:22pm
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Quote:
Originally Posted by Pinbar
You guys, did pretty well with that Where Is Price Going.
http://www.forexfactory.com/showpost...ostcount=82208
The FTA was easy to spot, and I feel the bar came off a reasonably strong price flip area.
Nice to see new people not be being afraid to try this out...Good for you people, it will help your trading greatly.
The Answer.
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hey Pinbar, who invented this game??you??
i love it
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Dec 11, 2010 7:39pm
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Quote:
Originally Posted by kravmaga39
Hi Jon,
I love your clean charts.In my newbie view I agree with you is look like build up strength to push down.
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cheers K (i dont like complications! lol) my opinions are often wrong!!! thats why i leave them out of my trading 
i have a few scenarios in mind that would be nice though..
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Dec 12, 2010 3:38am
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Quote:
Originally Posted by sf73
Very nice thread but too big. Anywhere in here a summary.
Thanks
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hi buddy, welcome to the thread  This thread can be daunting but the first few hundred pages will give you a good start and put you in a position to understand the basic methodology we are learning here and take part.
the first page is the best place to start and follow all the linx on that page. There is some pdf files around here somewhere which have only the posts of Mike,Jarro and all the seniors. u might find them in the attachments??although i think they are better understood when read in context with the discussions takin place at the time
feel free to post questions along the way.
oh yeah and read every post from James16....gold!
jon
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Dec 12, 2010 3:48am
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Quote:
Originally Posted by Guerrillawar
Wow, are you serious? Commercial forum thats comical. If you looked a bit closer I have been a member for years here, I didn't come out of thin air. The last thing I want to do is be on my computer any more than I already am no intentions other than help people who enjoy trading without indicators. If you don't want to ask any questions so be it. And I clearly stated I respect the work that is done here. Its nothing confusing or ambiguous I really do respect it. I believe that certain things discussed here are in the sphere of analysis and that...
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hi Guerrillawar, could you share some of what you have learned at your time on the floor?? what surprised you the most when you first watched the pros trade?? how many use divergence?? how strong is the herd mentality??
cheers
jon
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Dec 14, 2010 12:44am
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aussie looks interesting to me, DBL IB at res/BRN with divergence.
lets see how it goes, im not interested in buying a bullish break on this IB setup i would want a break of 1.0000 and PA on a retest for that. It could be a nice entry if we get a retest of .9800 though??...
jon
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Dec 14, 2010 1:05am
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similar story on the eu/aud, will take the break on either side on this one..
jon
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Last edited by g_j_hook@yah, Dec 14, 2010 1:16am
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Dec 14, 2010 12:36pm
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anyone else liking that 4h gold BEOB??
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Dec 14, 2010 5:18pm
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Quote:
Originally Posted by Thierry
In my opinion the bar itself is nice, but i do not like the location. We are trading (on fxpro feed) right into ppz and 38.2 fib. Also the low never broke. See that BEOB at the ultimate high. That is what we realy want to see.
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i agree, that other bar was a better trade, nice beob on the daily also. i also have the same PPZs as you have
i also like this one but im not liking the lack of momentum, i think it could be a continuation trade of that first BEOB if the move down continues??
heres how im seeing it
jon
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