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james16 Chart Thread
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Nov 29, 2010 7:03am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Adilius07
Pinbar, what about position size, can you trade any small size you want with them too?
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as far as i know... it's not flexible compared to Oanda.
Quote:
Originally Posted by Pinbar
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Think I am getting MT4 withdrawals. Been with that platform for too long, everything seems so alien like in TS2.
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IMHO, MT4 is more client-friendly than FXCM's TradeStation2 & Oanda's FXTrade (& probably other platforms).
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Dec 1, 2010 4:49am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by joelcf
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hahah.
i missed that one 
must've been sleepy
or probably i wanna get Tradestation 
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Dec 1, 2010 10:58am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by xmzhang
Not only him, a lot of the other guys who used to post here when I joined this thread in august seem to have stopped visiting this thread, maybe they all have become succesful traders now thanx to this thread
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they must be on vacation 
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Dec 1, 2010 11:12am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by unlv_tj
Off to a meeting. I am starting to have another light bulb go off, I think I am about to break through (after a few years).
With that said, anyone remember Doberman? I wonder what happened to him.
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sure.
maybe he's busy with work &/or his dogs 
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Failure is the mother of success: learn from 'her'
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Dec 1, 2010 12:21pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by JayPips
Hello everyone....Do you still think that I should start from the beginning of the thread and read all 5k pages or something else? At the moment I'm reading babypips like mad and trying to learn about fx.
Sorry about the off topic and bad grammar. I'm just really excited about learning forex and I think I've found the right place to start from
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Hello JayPips,
right place? perhaps 
'right' way to start: read this thread, as much as u can, 'repeat-read' as many times as u can.... until it sinks in really well. 
Lots of charts here mean lots of examples to study & learn from
Good luck!
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Failure is the mother of success: learn from 'her'
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Dec 2, 2010 2:20am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by lallous
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I just wanted to reveal how price reacted previously to the 111 zone.
Nevertheless , I have that pinbar on my radar  !
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no worries Sir, both of your posts have merits 
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Dec 2, 2010 6:45am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Pinbar
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What do you want trader friends for, spend more time chasing women.
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sounds like a good plan
Quote:
Originally Posted by stewrigh
Hi guys anyone watching this??
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relatively small & possibly a 'pause pinbar' (temporary stall)
let's see 
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Dec 2, 2010 7:21am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Oldice
Thanks, PB, I'll see if I can get it to work with my platform....
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if u are using a non-MT4 platform, that indicator wont work.
Quote:
Originally Posted by Oldice
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I've seen touch trade used on this thread quite a bit, but I must have missed the post that defined it. Can anyone point me in the right direction?
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touch trade = trading on a touch of a certain price/price area.
this is advanced stuff compared to PA trading, wherein u use certain PA setups (pinbar, etc) as confirmation/trigger.
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Dec 2, 2010 8:47am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by geomink
the loss is growin
:-))))
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.... & you're happy with it? 
hopefully u banked some profits on the way down.
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Dec 2, 2010 9:29am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Oldice
... So an example might be, if price is above 1.0000 and retraces to touch that BRN, go long expecting a bounce back up. Yes? Probably not something I'll attempt just yet...
--Dave
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yes Sir Dave.
crawl first before we sprint
Quote:
Originally Posted by lallous
It is so annoying to enter a trade and leave to work finding out later that you could have banked 50 pips instead of taking a loss...
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losses are an inveitable part of our business, isnt it?
Quote:
Originally Posted by JayPips
Thanks for the reply! I started reading the beginning, but I'll try to read the recent posts as well, although it's look like mambo jumbo to me right now.
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only for now... 
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Dec 2, 2010 10:18pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by unlv_tj
..The next up and coming guy is xmz. I don't know where he came from, but he has learned this system with Benji and Ghous like speed!
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those 2 are great!
as for xmzhang, i think it's no surprise as he is an awesome engineer.
Quote:
Originally Posted by Atc
Just a couple of thoughts/rambles...
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worth reading Sir Bill!
& im taking note of your post here..
it's great to hear about your story & progress.
many thanks for sharing & enjoy your vacation! 
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Last edited by supremeChaos, Dec 2, 2010 10:32pm
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Dec 2, 2010 10:42pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by spookie94
Yes makes more sense. I've been following your trades and have been quite impressed with your method...
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if u get nervous while in a trade, i think it's either u are not confident of the setup &/or your position size is not in sync with your risk profile/trading personality.
Quote:
Many times I would kill the trade early only to find it reverse and would have made a decent profit.
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either improve your trade management or let it go (to reduce/avoid "stress"/overthinking) as it is normal occurrence.
try out the way xmzhang trades... but u must realize that the way he trades may not be in tune with your trading style/personality.
try it out & see how it goes. 
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Failure is the mother of success: learn from 'her'
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Dec 7, 2010 2:59pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Osman
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I was looking at that trade, but the previous higher highs (blue boxes) plus not very strong close made me pass on that one..
Maybe im too picky .. 
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are u talking about the BEOB Thierry traded?
that BEOB was indeed headed into/right at an immediate potential trouble area (your blue box) but as u can see price broke down with zero to minimal drawdown.... it had a nice bearish momentum which stopped (so far) right above 1400.
having said that, being 'too picky' is OK as long as that's your trading personality/what u are comfortable with. nothing to be concerned of 
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Dec 7, 2010 3:53pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Osman
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Yeah it had a nice down momentum, but at the close it seemed it didn't, well if we have a close below 1400 we could have an entry
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aha...u want a very authoritative close on that BEOB.... u are really picky
Quote:
Originally Posted by Kalbar
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Just thought I could have phrased last question better - How often do you change //update the ppz zones on your charts? I know this(ppz) is one of the main aspects of the J16 approach so any advice most welcome from u guys.
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Hello Kalbar,
i think, it depends on price action & price environment (trending/ranging market).
for example, if price is ranging, & is respecting PPZ levels above & below, then i dont need to update my PPZs a lot.
if price is trending/running away, i have to update PPZs more, because price is saying good bye to my current PPZs
also depends on how much time u devote on PPZ plotting (that is, if u plot PPZs only on nearby areas, or do u also plot PPZs +/-500-1000pips above/below current price)
just a quick post before i 
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Last edited by supremeChaos, Dec 7, 2010 4:03pm
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Dec 7, 2010 11:54pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Kalbar
Hi seeking
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this must mean:
a. SeekingLight is around
b. SeekingLight will be posting soon
either way, it's all good. 
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Dec 8, 2010 6:52am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by james16
i owe a bunch of you some pm replies.
will get to those tomorrow.
..
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Sir Jim,
advanced happy holidays to you & your whole thread 
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Failure is the mother of success: learn from 'her'
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Dec 8, 2010 10:03am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by artov
But in my opinion you've ignored an important PPZ. Will that change the story for you at all?
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Hello artov,
i think it's very likely that he is aware of that PPZ.
personally i would've plotted that PPZ about 10pips lower.
regardless, i think that PPZ has somehow lost its authority as price has pierced above it (price is currently at the PPZ). for potential further bearish pressure, i would like to see the H4 &/or daily candle to close around 0.9800-50 (ideally much lower).
it's looks like it wants to revisit 1.00 than 0.9700
Let's see
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Dec 9, 2010 12:29am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by spookie94
I've had this one open since Monday. If it doesn't trigger by tomorrow would you recommend canceling it?
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i think it depends on how you perceive this trade setup.
is it a good/very good setup for you?
what is/are your target/s?
can you find other much better setups to move on to?
not all setups break on the succeeding bar: sometimes it takes a few more (ranging) bars before a PA setup finally breaks in your favor. (of course, not all setups break/move in our favor)
& to put things in perspective, this is a weekly bar, so it may take some time for it to break.
(NOTE: i havent talked about the trouble areas)
so the decision is yours. 
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Dec 9, 2010 6:25am
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Borderline yahoo & oh-no!
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Hey Pinbar,
browsing thru charts, i saw audnzd.
remember our post about audnzd 1.3000?
that VBRN has been fully breached yesterday.  ... with 1.32000 almost hit today. looks like it took a bullish AUD news (employment data) to propel price higher.
am not in any trade with it but still, it's nice to watch price develop

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Dec 9, 2010 6:31am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by JoeeF
Hello friends,
Is this PB valid, by your opinion ?
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Quote:
Originally Posted by JoeeF
No, it wasn't.
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Hey Joe
it is valid but very small (like Sir Kalbar said) relative to all the bars in your chart & specially to the 2 prior bars
always remember a valid PA setup is just one part of the equation 
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Failure is the mother of success: learn from 'her'
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Dec 9, 2010 9:18am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Be Cool
Hi Jim, Everytime i look at your charts, supp turn res, res turn supp -you sure make it clear as day. However, when i try to draw PPZ, i always have a hard time determining the exact level like you do. Do you mind sharing how you could pinpoint those PPZ levels very accurately?
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Hello Be Cool
answer is:
experience/chart time. there is no other shortcut --- THAT is the shortcut.
if u can, post a chart with your own PPZs. then maybe some people here can plot their own PPZs on that same chart... we wont all have the same exact PPZs &/since we all wont trade similarly.
__________________
Failure is the mother of success: learn from 'her'
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Dec 9, 2010 11:08am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Be Cool
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Well, the other day i was talking to Taz and PB about some PPZ that we drew slightly differently on weekly EURGBP. I had mine at 0.8460, PB had his at 0.85, and Taz had his at 0.8550
Do you mind explaining your thought process in determining the exact PPZ level? I am really stuck 
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First, a PPZ is not exact. it is an area, a zone, so it consists of a number of pips. this is a very important point.
so you three having different PPZs is no surprise. we all see & look at things differently. (talking about perspective & seeing/looking, check out the 'Selective attention test' video )
luckily, i have IBFX too. here are some charts. im really a bad teaching/conveying thoughts, so hope the charts help.
look for areas with a lot of price flips (support turns resistance turns resistance etc..). often/sometimes they coincide with a RN/BRN/VBRN
First chart is an old chart ('old' meaning PPZs are a few weeks old); the rest are new wherein the PPZs are plotted just for this post
what u'll notice is my lines are not thick. through time, i have refined my lines, mainly to reduce clutter. the lines are thin BUT im aware that each line is a zone consisting of a number of pips above & below it where price can stop at/bounce off. i plot mini PPZs on H4 & below --- these show up as much shorter horizontal lines (shorter lines relative to Daily & up PPZs; in general, the long er & the thick er the lines [in my charts] = more important)
------
EDIT
Hey fellow Asian,
my IBFX has been crashing for some reason... i have to quickly redo my charts  (first chart is the 'old' weekly chart; 2nd & 3rd charts were done just now; turquoise horizontal line is H4 PPZ; thick dark red lines are Monthly PPZs (meaning plotted from the monthly chart which is not shown here), thin dark red lines are daily PPZs. the monthly PPZs were ok enough that i did not need to plot weekly PPZs)
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Dec 9, 2010 11:58am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Kalbar
Hey Seeking
... Only question I have is can you have too many PPZs which gets in the way of your trading?
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Hey Kal,
u mistake me for Seekinglight for the second time 
he makes much much longer posts than me, that's for sure
to answer your Question: it's possible.
depends on how you see/look at charts.
some only need &/or can tolerate Zero to a few lines/PPZs.
some can tolerate a lot of lines & indicators on their charts & still trade well
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Dec 9, 2010 12:05pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Osman
Hi Aser,
What broker offers you stocks on MT4 ?
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i have these MT4 brokers on my other PC, so im not very sure right now... check this out
Alpari's (?)
FXPro
Windsor (?)
Broco
ForexUA/Forex Ltd
LiteForex
GCI
& many more
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Dec 10, 2010 4:05am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Adilius07
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Interesting, my ema's are a little "shifted" from what is here.
Maybe that is because of those Sunday bars which I don't have on my charts...they are just EMA's applied to close, right?
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Sir Jim was using IBFX MT4 in that chart.
Applied to 'close', yes.
what MT4 are u using?
Sunday bars & broker feeds will make a big difference, so ideally u study/compare using a similar chart/broker feed. 
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Dec 10, 2010 5:43am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by triger88990
james nice one.
I'm just curious did you made this trade in anticipation of some running stops above yesterday high?
And also it was a supply level there on 15 min(I know that time isn't relevant but just to make my thoughts clear).
Did you make you decision on the way price behave on that level?
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if i may chime in...
yes PA.
a supply level on M15 is miniscule compared to higher timeframe demand level (1.5700 - 1.5750 area).... just like/in other words, higher TF S/R are more important than lower TF S/R.
also see his earlier post.
1.5700 PPZ. if this pivot is really strong, then PA will move further away from it. let's see
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Dec 10, 2010 8:42am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by AlanB
First post, so Hi folks =)
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First proper trade, success. Now to look for another good one ..
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Hello AlanB,
thanks for sharing your story.
how young are u?
i envy u... i have no trading background, started from scratch. u have a trading father who can teach u/share insights with u. with a father like that & the way u handled things so far, i think u are already many steps ahead of most of us.
Keep it up & looking forward to hearing more from u! 
__________________
Failure is the mother of success: learn from 'her'
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Dec 10, 2010 10:31am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Be Cool
Thanks for explaining.... I compared my PPZ with yours and saw that i missed a few lines and some of my lines were a bit off.
If you don't mind, could you possibly post your charts where you found setup before you take the trade? That way i can see where your PPZ at and follow your thought process....
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haha, im a master.... trainee
post charts & thought processes? that would be impossible, as i rarely post charts (as u may have noticed), for several reasons:
- i trade M5 to daily. this thread is mainly focused on higher TFs to facilitate learning for newer traders
-i 'touch trade'/trade without PA; again, for learning purposes, this thread teaches trading with PA
-nowadays, i try to devote more time to trading, reading, practice
-im a very hands-on dad of a similarly inquisitive 2year old
- lastly, & to reiterate, im not a good communicator of my thoughts & IMHO my trading/trade management is not structured enough compared to some people here
having said that, i will help u in other ways as much as possible.
by the way, dont worry about your PPZs. we all will, most of the time, have PPZs at different prices. we are all unique 
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Failure is the mother of success: learn from 'her'
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Dec 10, 2010 10:36am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by ppfx
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But afterall it wouldnt be a bad trade, if only i wouldnt be stopped out... Next time i have to remember then when i set a SL, i must then move it 1-2 pips more so that i wont get stopped out... 
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u should try to move your stop after it gets hit
Quote:
If it closes like this you would have the BEOB you have been waiting the whole day
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what a pity...
price moved in favor of Pinbar after he quit waiting for this exact scenario 
the market always tries to disappoint
Sorry, Be Cool, most of my 5,000 posts are like these: goofing around. 
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Dec 10, 2010 11:05am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Kalbar
..and there is a lot of conflicting advice about how many pairs we should be looking at when starting to trade fx - some say a few others say as many as you can handle. Anyone got an opinion about this?
....
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that is unsurprising..we are all different.
try out/follow the suggestion that u are most comfortable with. everything u do should align/be in sync with your trading personality/psychology.
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Failure is the mother of success: learn from 'her'
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Dec 12, 2010 11:59pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by AlanB
Hey guys,
Question, is anyone else seeing pretty much .. nothing? to trade at the moment? I just want to make sure I am not missing something other people are seeing, from reading posts there's a few things to look at but it's a very sideways market it seems.
If there's anything I am missing, would be nice if people can point the way so I can see what I am doin wrong again...
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hey AlanB,
dont waste your time looking for/regretting the thing/trades u missed... it is simply unhealthy for your trading (& pyschology in general). we will miss A LOT of trades along the way ---- we wont get them all.
focus on what YOU see, what YOU trade, & how well YOU did/how well YOU approached the trades YOU took.
the charts/posts/trades shared by others here are collectively a BONUS, since u can learn from them, in one way or another.
btw... hey Pinbar, A+++++ avatar 
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Failure is the mother of success: learn from 'her'
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Dec 14, 2010 11:02pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Jigsaw
Nice.

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Quote:
Originally Posted by triger88990
Sorry for stealing from you  , but I found it very funny the way it moves  .
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hahahah...nice chick
anyway, it's safe to say that Jigsaw continues to lurk here, & i see that as a good thing
Quote:
Originally Posted by mbqb11
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Yes chair sitting will do that Pin. I just got an aeron posture-fit and boy what a difference....
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nice chair
Hey Pinbar,
back & eye exercises are highly beneficial. (whole body exercise, in general)
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