Home
Search Forums
Keywords:
Search Titles Only
User Name:
Exact Match
Show Results As:
Advanced Options
Reply
 
Thread Tools Search this Thread
  #81109  
Old Nov 29, 2010 12:36pm
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default one for you touch traders...

Quote:
Originally Posted by ghous View Post
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.
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
Attached Thumbnails
Click image for larger version

Name:	4hour.gif
Views:	38
Size:	11.6 KB
ID:	588980     Click image for larger version

Name:	4hour2.gif
Views:	30
Size:	12.6 KB
ID:	588981    
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81111  
Old Nov 29, 2010 1:11pm
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by Oldice View Post
Hi all,

Another analysis; this one's a little tougher than the last one, for me, at least....

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
Attached Thumbnails
Click image for larger version

Name:	weekly.gif
Views:	24
Size:	15.0 KB
ID:	588991     Click image for larger version

Name:	daily.gif
Views:	27
Size:	18.9 KB
ID:	588992     Click image for larger version

Name:	daily 2.gif
Views:	25
Size:	17.9 KB
ID:	588995    
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81275  
Old Dec 1, 2010 3:35am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by Oldice View Post
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
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. . .
cheers Jarroo, good to see you still around and workin hard!

jon
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81278  
Old Dec 1, 2010 3:58am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

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.
Attached Thumbnails
Click image for larger version

Name:	4hour.gif
Views:	56
Size:	18.9 KB
ID:	590140     Click image for larger version

Name:	4hour2.gif
Views:	44
Size:	18.4 KB
ID:	590147     Click image for larger version

Name:	daily.gif
Views:	38
Size:	19.0 KB
ID:	590148    
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81279  
Old Dec 1, 2010 4:02am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by jarroo View Post
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.
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.
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81285  
Old Dec 1, 2010 4:37am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by jarroo View Post
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?
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!!
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81287  
Old Dec 1, 2010 4:40am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default update..

Quote:
Originally Posted by g_j_hook@yah View Post
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...
gb/yen..closed 60% at 130.85 moved sl to 129.85.

gb/chf moved stop to 1.5550
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81294  
Old Dec 1, 2010 5:30am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default 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
Attached Thumbnails
Click image for larger version

Name:	4hour.gif
Views:	37
Size:	19.3 KB
ID:	590237    
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81298  
Old Dec 1, 2010 5:58am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by g_j_hook@yah View Post
....
speakin of au/cad..

4h chart of PA since then..
gotta love BRN lol
Attached Thumbnails
Click image for larger version

Name:	4hour.gif
Views:	27
Size:	14.3 KB
ID:	590263    
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81300  
Old Dec 1, 2010 6:10am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

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.
Attached Thumbnails
Click image for larger version

Name:	1 hour.gif
Views:	30
Size:	17.6 KB
ID:	590272    
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81302  
Old Dec 1, 2010 6:16am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by Pinbar View Post
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.
, things certainly got a little easier once i had confidence in my PPZs!
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81305  
Old Dec 1, 2010 7:02am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by Osman View Post
Hey g_j

Your g/chf entry was based on the 4hr BUOB ?

Thx !
no, the daily pin. (IBFX) i dont have a 4h BUOB on my chart.
jon
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81308  
Old Dec 1, 2010 7:07am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by Pinbar View Post
Yes, I think you hit the nail on the head.
I am still learning to do that.

Thanks for the hint GJ.
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....
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81309  
Old Dec 1, 2010 8:14am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default 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
Attached Thumbnails
Click image for larger version

Name:	1 hour.gif
Views:	33
Size:	17.0 KB
ID:	590349    
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81342  
Old Dec 1, 2010 1:08pm
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default update

gb/yen.. moved SL to 130.80

gb/chf.. still hanging in there...
Attached Thumbnails
Click image for larger version

Name:	4hour.gif
Views:	38
Size:	18.9 KB
ID:	590598     Click image for larger version

Name:	1 hour.gif
Views:	31
Size:	17.4 KB
ID:	590599     Click image for larger version

Name:	1 hour 2.gif
Views:	35
Size:	18.2 KB
ID:	590600    
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81344  
Old Dec 1, 2010 2:02pm
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by john225 View Post
Maybe this post gots lost hope someone can help me
hey John, there is a correlation between these pairs, try this site out..
http://http://www.mataf.net/en/tools/01-01-correlation

or oandas...http://http://fxtrade.oanda.com/anal...cy-correlation

remember price moves for more reasons than technical reasons though
hope this helps??
jon
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81420  
Old Dec 2, 2010 7:25am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by Atc View Post
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.
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??
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81565  
Old Dec 3, 2010 4:03pm
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

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?
Attached Thumbnails
Click image for larger version

Name:	weekly.gif
Views:	28
Size:	18.7 KB
ID:	592167     Click image for larger version

Name:	daily.gif
Views:	27
Size:	20.9 KB
ID:	592168    
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81636  
Old Dec 5, 2010 12:16pm
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

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
Attached Thumbnails
Click image for larger version

Name:	weekly.gif
Views:	44
Size:	19.4 KB
ID:	592642     Click image for larger version

Name:	daily.gif
Views:	45
Size:	22.2 KB
ID:	592643    
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81637  
Old Dec 5, 2010 12:17pm
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by john225 View Post
How is the USDJPY weekly BEOB?
Can?t make a pic at the moment sorry guys
haha do you read minds as well as charts!!?? lol
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81699  
Old Dec 6, 2010 10:49am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by jarroo View Post
Looks like that 83.00 is acting as strong Resistance.

Nice charts jono.
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.
Attached Thumbnails
Click image for larger version

Name:	1 hour.gif
Views:	47
Size:	16.4 KB
ID:	593294     Click image for larger version

Name:	1 hour 2.gif
Views:	38
Size:	16.8 KB
ID:	593295    
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81732  
Old Dec 6, 2010 9:14pm
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by jarroo View Post


What's an oscillator??? . . . (jk...)
lol ya know...it goes from over spent to under funded...?...ah, no wait a minute...that would be my bank account!! lol
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81799  
Old Dec 7, 2010 11:48am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by Adilius07 View Post
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?
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
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81800  
Old Dec 7, 2010 11:52am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

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...
Attached Thumbnails
Click image for larger version

Name:	daily.gif
Views:	21
Size:	18.5 KB
ID:	594043    
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81804  
Old Dec 7, 2010 12:39pm
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default AU/CAD

something else in my scopes...
Attached Thumbnails
Click image for larger version

Name:	daily.gif
Views:	26
Size:	15.3 KB
ID:	594069     Click image for larger version

Name:	4hour.gif
Views:	24
Size:	19.7 KB
ID:	594070    
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81805  
Old Dec 7, 2010 12:41pm
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Happy B day Mike!!
( thats b-day not d-day eh!? take it easy this weekend!

and a big thanxs for everything

jon
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81823  
Old Dec 7, 2010 3:24pm
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by Adilius07 View Post
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?
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
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81830  
Old Dec 7, 2010 3:39pm
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by Adilius07 View Post
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...
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
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81835  
Old Dec 7, 2010 3:51pm
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by lovejoy80 View Post
It's because Oanda do not close over the weekend like traditional brokers.
ahha thanx.
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81855  
Old Dec 8, 2010 12:55am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by Pinbar View Post
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.
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
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81859  
Old Dec 8, 2010 1:29am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by g_j_hook@yah View Post
something else in my scopes...
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
Attached Thumbnails
Click image for larger version

Name:	4hour.gif
Views:	31
Size:	18.8 KB
ID:	594419    
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #81862  
Old Dec 8, 2010 1:58am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by pn1 View Post
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
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??
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #82012  
Old Dec 9, 2010 8:59am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

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
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #82015  
Old Dec 9, 2010 9:16am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by Adilius07 View Post
Looks like it could be a good long play to me...
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,
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #82053  
Old Dec 9, 2010 3:40pm
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by grahamec View Post
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
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
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #82237  
Old Dec 11, 2010 6:15pm
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by ppfx View Post
Thanks.

Here is an interesting one. You probably saw the debate around it on Friday.
Attachment 596665
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
Attached Thumbnails
Click image for larger version

Name:	daily.gif
Views:	40
Size:	20.1 KB
ID:	596700     Click image for larger version

Name:	4hour.gif
Views:	35
Size:	24.3 KB
ID:	596701    
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #82238  
Old Dec 11, 2010 6:20pm
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by PrymeTyme View Post
i do think that where going up on GU ... as i see signs of strenght in it..

cheerz

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
__________________
PATIENCE... DISCIPLINE

Last edited by g_j_hook@yah, Dec 11, 2010 6:33pm
Reply With Quote
  #82241  
Old Dec 11, 2010 7:22pm
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by Pinbar View Post
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.
hey Pinbar, who invented this game??you??
i love it
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #82243  
Old Dec 11, 2010 7:39pm
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by kravmaga39 View Post
Hi Jon,
I love your clean charts.In my newbie view I agree with you is look like build up strength to push down.
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..
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #82270  
Old Dec 12, 2010 3:38am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by sf73 View Post
Very nice thread but too big. Anywhere in here a summary.

Thanks
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
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #82271  
Old Dec 12, 2010 3:48am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by Guerrillawar View Post
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...
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
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #82414  
Old Dec 14, 2010 12:44am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

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
Attached Thumbnails
Click image for larger version

Name:	daily.gif
Views:	30
Size:	15.8 KB
ID:	597846     Click image for larger version

Name:	4hour.gif
Views:	20
Size:	24.2 KB
ID:	597847     Click image for larger version

Name:	4hour2.gif
Views:	16
Size:	16.8 KB
ID:	597848    
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #82415  
Old Dec 14, 2010 1:05am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

similar story on the eu/aud, will take the break on either side on this one..

jon
Attached Thumbnails
Click image for larger version

Name:	daily.gif
Views:	31
Size:	19.0 KB
ID:	597851     Click image for larger version

Name:	4hour.gif
Views:	26
Size:	15.4 KB
ID:	597858    
__________________
PATIENCE... DISCIPLINE

Last edited by g_j_hook@yah, Dec 14, 2010 1:16am
Reply With Quote
  #82459  
Old Dec 14, 2010 12:36pm
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

anyone else liking that 4h gold BEOB??
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #82480  
Old Dec 14, 2010 5:18pm
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by Thierry View Post
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.
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
Attached Thumbnails
Click image for larger version

Name:	daily.gif
Views:	29
Size:	26.4 KB
ID:	598410     Click image for larger version

Name:	4hour.gif
Views:	23
Size:	28.6 KB
ID:	598411     Click image for larger version

Name:	4hour2.gif
Views:	21
Size:	27.6 KB
ID:	598413    
__________________
PATIENCE... DISCIPLINE
Reply With Quote
Reply

20 Traders Viewing This Thread (6 are members)
Cyrus, phpscott, slade1986, Coop, g_j_hook@yah, Autumm
Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
PDF of james16 thread? Gasmeter Rookie Discussion 4 Jun 4, 2010 8:07am
rock my chair chart thread forex3e Trading Journals 48 Oct 30, 2007 11:21pm