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james16 Chart Thread
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Sep 16, 2010 11:25pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by melvin87
Hi everyone,
I was doing some backtesting and had some problems on a pin on USD/CAD during the june 2010 period which didn't quite really work out but i'm not too sure why....
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Hello melvin87,
just a quick observation (i didnt check for confluence)
the pin in question is embedded into the prior bar (roughly 60% of the pin is embedded; the prior bar is like a giant cloud on an overcast day). we ideally want a PB that is protruding away & distinct from the surrounding bars.
talking about the form, compare this pin to the pins prior April21 (bearish pin) & May19(bullish pin) in your chart.
Hope that helps a bit
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Sep 17, 2010 2:02am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by dabbledave
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BTW, anyone here trade Thai Baht pairs? If so, which brokers offer them?
...
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Oanda has USDTHB. several MT4 brokers offer it too (nothing comes to my mind right now, sorry,.. just try a few MT4 brokers out).
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Sep 17, 2010 2:19am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by melvin87
... I was actually looking at the chart from MT4 as attached. Somehow, it seems to be more protruding (not too sure if im thinking too much on this one hahah) ...
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yes, i believe so.
the key words are protruding & distinct.
Quote:
Originally Posted by melvin87
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However I still don't quite get what you mean when you said 'what are the real confluences to take it in such a choppy market. Notice the market coming off a few strong bearish days' because what occurred to me when i looked at that pin was the bearish bars leading to a relatively deep fib retracement which also happens to be at a ppz which was tested on a few occasions a few months before.
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Quote:
Originally Posted by mbqb11
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Here is my viewpoint....
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just to add some more to mike's reply..
u seem to be concentrating on the less important aspects of discriminating potential setups.
imho, location (S/R, PPZ) & trend are the most important aspects. Fibs, which u mentioned, is just a 'confluence factor', it doesnt hold much weight like the 2 i've mentioned.
u could say that yes there was a PPZ at the PB's low. but there is a PPZ too above the PB. (mike's blue line)
PLUS, trend was down (bearish move prior the PB)
PLUS, the price environment is choppy (with a downward bias: in the context of the downmove from May).
price moves towards the path of least resistance.
in this case, trend was down, selling was stronger (the pin hardly broke upward) so price went further down, albeit slowly.
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Sep 17, 2010 6:57am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by 50d
I must confess that i have learnt a lot from this thread. ...
1.6000 for GU? i will wait to see what happens.
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who knows? 1.60 may or may not get reached/breached
nice to hear your story.
Keep posting Sir!
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Sep 20, 2010 3:32am
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Borderline yahoo & oh-no!
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Hello bee24,
i think the videos are from the J16 PF.
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Failure is the mother of success: learn from 'her'
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Sep 22, 2010 5:38am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by nasir.khan
Thats miss understanding.
I was on vacation (remember the pic i posted) so dint got time to clear myself.
I lost my job where they dont allowed me to visit FF...
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u sure u lost your job... or u quit? 
or u quit & created your own company?
Quote:
Originally Posted by ddinnov
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HPQ (my current employer!) looks quite interesting for a possible 'buy and hold'
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is that an insider tip? 
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Failure is the mother of success: learn from 'her'
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Sep 22, 2010 6:58am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Atc
Did you take this IPB? Was at a good location.
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hello Bill,
if one traded this IPB, one would've probably gotten stopped out, because of that spike above the IPB (blue bar with long upper wick, after the IPB)
based on my general observation of PA, this (unexpected spike) happens from time to time.
this IPB trade was not picture perfect, but profitable, nonetheless.
__________________
Failure is the mother of success: learn from 'her'
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Sep 23, 2010 2:00am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Atc
Did you take this IPB? Was at a good location.
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Quote:
Originally Posted by Atc
.....tight stop would have got hit...I guess the question would be....where would be your stop buffer?
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Hey Bill,
on FXDD demo... the IPB high is around 0.9805. the spike high (next bar's high) is 0.9811. a tight stop would've been hit. a 10 - 15pip stop would not (depending on your broker).
time-wise, this IPB formed at 9pm EST or 9am Asia... Asian session. this thin session could be the reason why this IPB formed & succeeded (for those who weren't stopped out).
personally i drill down to smaller timeframes to try & make better entries & check PA further.
(no charts...) in H1, that H4 bullish bar (bar after IPB) was a small PB (13-pip PB with a low & close 2 & 5-pip above the IPB's close).
most likely i would've entered somewhere around that PB. i love discount entries 
(NOTE: i dont look for/expect runners when i countertrend trade; so this IPB trade will be a quick one)
Let's not get too excited.... newer traders should heed his advice:
Quote:
Originally Posted by ghous
For me personally it's the story behind the bars rather than just the bars themselves....
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Quote:
Originally Posted by jarroo
Not an IPB . .its an Inside Bar.
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good point.
i see it as both. (i 'use a few different binoculars')
i also see it as a mini false breakout to the upside.
Quote:
Originally Posted by pipmyride
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How is a small H4 pin that is totally COUNTER the trend as can be seen on your own chart, A+ ?...
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hey, back in Sept.6/7, u were bearish aud & eur... what happened? 
just teasing u
Quote:
Originally Posted by Forex007
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Hi Jarroo, Raczek and the rest of the gang. It's great to see the same old crowd here.....
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Hahah... nice pop in.
How's the baby?  pretty sure u've been busy 
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Sep 23, 2010 2:07am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by unlv_tj
Agreed....
On the chart I attached is the GBPUSD off the 1.5500 level. The P/A above the arrow is a tweezer bottom. Completely forgot about it.
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OR
a 2-bar PB
(x-bar PB if u include the bars prior the arrowed bar to the count)
Quote:
Originally Posted by Fxknkw987
...the EJ_CandleTime expert advisor, I am having a difficult time getting it to work on MB Traders MY4 version..
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it's not an EA. it's an indicator.
so put it in experts/indicators
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Sep 23, 2010 11:16am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Atc
How's bout thisin?
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nope. that isnt an IPB.
that bar is even bigger (in range) than the previous bar.
check out ghous' IPB charts/posts to compare.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Sep 24, 2010 5:53am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Cyrus
Relate to this a good bit
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where is this from? u made it yourself, bro? 
thanks for sharing!
__________________
Failure is the mother of success: learn from 'her'
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Sep 24, 2010 6:47am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by ppfx
....
I played mini golf here, once with my family when i was about fifteen. We had a lot of fun.
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u are lucky.
i only had a chance to try golf at something like this
http://image.made-in-china.com/4f0j0...il-PMP2AH-.jpg

__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Sep 24, 2010 6:50am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Cyrus
 nah. mate of mine sent it to me. =)
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it looks like a flowchart.
he must be a programmer or something, heheh 
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Failure is the mother of success: learn from 'her'
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Sep 24, 2010 7:59am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by aserbfx
great! 
hope to see some more stock-charts in the future.
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agree, thanks JonnyisFound!
Quote:
Originally Posted by Jonnyislost
New stocks
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curious...

anyone know how many global stocks there are?
# of futures instruments?
# of options instruments?
(with or without proof/references)
Thanks!
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Sep 24, 2010 8:39am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Jonnyislost
Finviz's screener has quotes for 335 pages x 20 stocks so 6700  but I guess there are many more...
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thanks!
i made a quick search....
http://www.tdd.lt/slnews/Stock_Excha....Exchanges.htm
http://topforeignstocks.com/2008/12/...ted-companies/
the second link shows +/-47,000 stocks. (as of December 2008)
i guess there are many more.
& that still doesnt include other instruments 
let's scan 47,000 stocks for A+ setups.... 23,000 for me, 24,000 for u 
__________________
Failure is the mother of success: learn from 'her'
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Sep 25, 2010 6:43am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by premierpip
can i ask, where can i find videos or resources to have more example of trade management?..
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IMHO,
trade management is a matter of personal discovery, development & experience.
so u have to find your own way.... using what u learn here as your base/root/jump-off point.
----
if u trade a single position, of course the trade management is difficult in the sense that u are compelled to make a decision ( either exit or just trail your stop).
if u have 2 or more positions, it gets easier because u get to exercise several decisions (exit half or a third of your position, then trail the rest or exit at pre-determined areas)
Quote:
Originally Posted by premierpip
yeah.. i'm in the private side. but there are way too much stuff there. getting kinda lost in there. LOL. ....
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why not ask?
we/u ask tons of questions here... why not ask there.
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Failure is the mother of success: learn from 'her'
fortes soli superant
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Sep 25, 2010 6:47am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by ppfx
C'mon Pinbar one more post and you will reach the BRN ...
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it was a conscious decision on his part to hesitate reaching & breaching that VBRN. 
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Failure is the mother of success: learn from 'her'
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Sep 26, 2010 8:24pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by oltciter
HA ( Hawaiian Holdings, Inc) daily
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Quote:
Originally Posted by oltciter
LCRD (LaserCard Corporation) daily !
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more stock charts!
Thanks, Sir 
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Failure is the mother of success: learn from 'her'
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Sep 26, 2010 11:00pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by joelcf
Anyone thinking about expanding into equities should be looking at large, liquid stocks - not thinly traded microcaps (which LCRD only just sneaks into, it's practically a nanocap)....
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goes without saying... but nevertheless good advice!
Thanks!
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Sep 27, 2010 4:32am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Jey
Thanks a bunch MIke. Does Oanda and MBT have MT4 too?
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Oanda does not. MBT has.
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Failure is the mother of success: learn from 'her'
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Sep 27, 2010 5:50am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by xmzhang
(trade updates)
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Great job 
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Failure is the mother of success: learn from 'her'
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Sep 27, 2010 7:23am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by ppfx
.. Its better to ignore that kind of idiots....By ignoring them they will stop faster than if you respond him
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in this case, i dont think so.
i believe he has OCPD/OCD... he has been unsuspended (i think just today; he's recently been temporarily suspended for using vulgar words)
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Sep 27, 2010 8:42am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by antgal23
you can bring the horse to water, but sadly... you cant make him drink
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first time i've heard of that.
that's a good one, Sir Anthony 
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Failure is the mother of success: learn from 'her'
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Sep 27, 2010 9:45am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by john225
Short trade which closed on Firday
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If you wouldn?t take the trade please say me why so i can learn ;-)
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i probably wouldnt have taken this trade because of the size of the pin & location. (& i believe there were better trades during that time, if im not mistaken)
but what i like is the small risk (small pin = small risk) 
i just hope u dont go on taking small pins like that always.
always be aware of PA, location, S/R...& u'll be ok, john
Quote:
Originally Posted by 666Doom
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Is anyone noticing the EUR/GBP symmetrical triangle.
What do you say of that.
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Hello Taz,
yes i see it but nt so symmetrical to my eyes.
anyway, looks promising.
just my view 
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Sep 27, 2010 10:16am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by 666Doom
Hey guys,
...
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i dont see a pinbar on your daily chart.
the last bar looks like one but it's very small.
can u kindly post the daily & H4 chart with the details u mention (pinbar, MAs, etc)?
ihave been bullish eurgbp (may find that particular post later). still am. above 0.8500 close today is a plus, but i still see possibility of revisiting 0.8400 area.
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Failure is the mother of success: learn from 'her'
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Sep 27, 2010 10:19am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by 666Doom
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But don't you think a I4 B in triangle pattern would be actually a triangle on smaller TF.....
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if i may...
it actually is
Quote:
Originally Posted by john225
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I will now take a better look on the size of the PB. Do you guys have a small tipp how big the PB should be?
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there is no general rule about the size.
dont get me wrong, i take small pins
i just dont want u to get too comfortable &take all the (small) pins that u see.
PA size is just 1 part of the equation.
location is more important than PA size.
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Failure is the mother of success: learn from 'her'
fortes soli superant
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Sep 27, 2010 10:35am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Noses&Sight
A BEOB just formed on the H1 EURUSD chart. Anyone else checking this out?It's bouncing off BRN 3.50000.
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Based on your question, i want to answer with a question:
have u been trading the H4 & up timeframe trading recommendation? (J16 minimum requirements on the first post)
ok.... a more direct answer:
not every PA, no matter how big or small, is tradable.
PA is just 1 part of the equation.
location, S/R, PPZs are too.
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Failure is the mother of success: learn from 'her'
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Last edited by supremeChaos, Sep 27, 2010 10:36am
Reason: broken keyboard!?!?!?!?!?!?!?!?
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Sep 27, 2010 10:42am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by 666Doom
I see it.....
Yeah the bar is a very small pinish bar and more ti it has not closed yet.
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I rather see a well defined shape on 1 hr chart of the triangle.
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u can trade that H1 triangle as a breakout + pullback (breakout of the triangle, on 1 side, then price pulls back to the trendline it broke).
if u are unsure/uncomfortable, then better to wait for that daily bar to form completely.
also, i humbly pose the same question/suggestion to u:
if u havent yet, read more of the thread &/or trade more strictly from H4 & up to develop patience&experience.
Hope this helps,Sir 
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Failure is the mother of success: learn from 'her'
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Sep 27, 2010 11:01am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Noses&Sight
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I was only posting to see what some of the reactions to the set up are.
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I appreciate you looking out though, and I understand the whole 'Not just the Bar, but also the PPZ idea. Figured the 3.50 might be a strong resistance point and a BEOB off such a point might be worth watching.
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i see.
1.3500 may be a strong resistance.
but try to look at it with a context of the price situation & location (current uptrend; S/R, PPZ etc).
price doesnt move straight in 1 direction.... & we either zigzag up or zigzag down, or range.
we either break 1.3500 sooner or later & continue the uptrend. or go down starting from that H1 BEOB u mentioned. or range.
we will see soon. 
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Sep 27, 2010 8:20pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Walcott
Just a question like an other.
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Hello Walcott,
Sorry i missed your question.
it was sleep time for me when i was replying to questions here last night. 
some here use pivots in FX.
1 reason why others dont use it is because pivots can be calculated in several ways. another reason is pivots often line up at S/Rs, PPZs. still another reason is pivots is a 'redundant S/R'.
i have used them before, they work ok. but iremoved them from my charts since last year, to concentrate on going naked (more 'naked' compared to what i did a few years back  ) & using S/Rs, PPZs.
i might use them again, once my charts get more naked.
if u feel comfortable using it, then go for it!
Quote:
Originally Posted by mbqb11
...Can you rephrase it maybe. I am having monday brain
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is there such a thing as a 'monday brain'? hahah 
then that's what i had last night.
or more accurately, i get a 'night brain', daily 
so people, beware of my posts during the night (9am - 2pm NY Time). hope they made/make sense... hihihihihih
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62 Traders Viewing This Thread (19 are members)
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Dave.P, Pinbar, shadydesert, msmarple, Invisible, jarroo, HanSolo, Invisible, Adilius07, plund, haslam, tenderbob, thedell, geniusztc, desocupado, 4xkiwi, saugerle12, ithorror, oneuniverse
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