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  #63268  
Old May 10, 2010 9:37am
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Originally Posted by ertorque View Post
Another fail IPB. In my opinion has all the ingredients of a good IPB but did not end up in the desired direction.
Could we attribute this to ' its a probability thing and even good setups can fail' reasoning?



CY
just remember non of these bars are valid untill they BREAK!! no failed bar in that case imho.

jon
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  #63276  
Old May 10, 2010 11:27am
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Originally Posted by ertorque View Post


Hey Jon,
IPBs are entered at the close of the bar or at least that is how Ghous plays it under the right locations
my mistake, you are correct. but that is ghous' method only. the traditional method is to wait for confirmation i.e. the break. this is also why Ghous takes profit so early on these bars.
cheers
jon
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  #63392  
Old May 11, 2010 8:57am
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Originally Posted by antgal23 View Post
Hi folks

I am reading Elder's 'Trading for a Living' and he suggests using Volume to help when trading Head and Shoulders

Do you know if Volume is a useful tool to get a better picture?



Anhtony
i personally would love a volume indi to help my disision making but iv yet to find one that is any good for fx. i dont think you can get a reliable vol. indi for fx. shame.

jon
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  #63397  
Old May 11, 2010 9:25am
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Originally Posted by bundyraider View Post
Because there's no real volume information I guess.

FOr Forex, enough people nixed the idea of using volume for me when I first started. To be honest, I don't think it'd effect my results now anyway.
im not sure anymore myself to be honest, when i first started to look at charts i started with stocks so the volume could be very important. But as time goes on and my style of trading matures iv got used to not having it a long time ago. Still it would be a nice confluencing factor if we had a way to measure it.

btw iv enjoyed your last few posts Bundy insightfull as always

cheers

jon
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  #63677  
Old May 13, 2010 2:06pm
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a 1h pin on gold looks pretty good,a nice retest of the last highs, 50 ema,its is also on the 23%fib if that takes your fancy??
i like the 4h bar which could have cleaned up the order flow a little and may let price reach the 1243.00 area wjthout too much influence from the bar highs previous to it??
will take it on my demo (if it breaks??)and see what happens.

i can post charts but my laptop wont save them even though it says it has!!!???

jon
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  #63784  
Old May 14, 2010 5:29am
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Originally Posted by bundyraider View Post
Ok. Ask me again next week when I'm back home. I'm a trippin'

...trippin' out. Campin'

Crackers and flares and all happening here. LOL

...damn hooligans.
enjoy buddy! im doing a bit of the same here in sunny ireland!!

btw eu finally hit my 125 target!!.......and keeps on going!! i thought we would have had a stronger reaction to that price???(glad i left a little running)
anyone else saw this level as something??

jon
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  #63792  
Old May 14, 2010 6:04am
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Originally Posted by jeurre View Post
don't know I am doing anything wrong here, but, looks like good location and space, with trend, 50 fib and BRN 86.
looks good and i would like it also if the gb decides to pull back today..?? it jus doesnt seem to want to. be carefull of being brought into the trade by a few pips here just to see it go the other way... maybe a trade from the retest(if it happens might be a safer trade in this situation..??
jus my thoughts, i hope it helps

jon

EDIT: although that 145.00 is a strong level...???
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  #63793  
Old May 14, 2010 6:06am
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Originally Posted by g_j_hook@yah View Post
a 1h pin on gold looks pretty good,a nice retest of the last highs, 50 ema,its is also on the 23%fib if that takes your fancy??
i like the 4h bar which could have cleaned up the order flow a little and may let price reach the 1243.00 area wjthout too much influence from the bar highs previous to it??
will take it on my demo (if it breaks??)and see what happens.

i can post charts but my laptop wont save them even though it says it has!!!???

jon
thibgs are looking good for this trade right now...??? closed 2/3rds and got a runner for free.......if it runs lol

jon
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  #63815  
Old May 14, 2010 8:01am
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Originally Posted by jeurre View Post
Hi, Guys, I want to learn being picky too, but, there are quite a lot price action developing in H4 now. I don't post charts for the moment. but, the quiet situation here makes me doult if I am reading the tape correctly
there goes that eu/gb bar you mentioned...did you take it???
145.00 did what it does and off it goes.... i think we might be able to look forward to the .85 RN now...????


jon

EDIT: i took it on my demo as im not gonna be around much today, but when i saw gb retrace/reverse i thought i would take the plunge.
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  #63821  
Old May 14, 2010 8:25am
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Originally Posted by jeurre View Post
another one looks promising
personally i wouldnt be long the eu right now but that is jus me. i am allready short eu/us gb/us and eu/yen(all week ). i closed my other yen shorts as they were a little slow. my gold long seems safe enough right now so im not in a rush to open anything more...
also the gb/chf always confuses me as i dont watch it much so im staying out of that also.

good luck man

jon
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  #63822  
Old May 14, 2010 8:27am
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Originally Posted by fxeturn View Post
Long entry is triggered. Am I setting it to BE too early?

Attachment 474565
i personally dont thinks so in this situ. you are at pretty strong res. about now...
nice trade buddy

jon
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  #63823  
Old May 14, 2010 8:29am
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Originally Posted by jeurre View Post
testing .855 now, wondering if should exit the position, couldn't feel the moment is with me.
that is your desision of course but i like to give it some time. its a 4h bar we are trading here so i like to give it a few bars before i take stock again. these small moves can be missleading, the hard part is that sometimes theyre not!! lol
maybe you should close some and set up a free trade for yourself and then you can relax??

jon
got to fam, happy hunting.
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  #63824  
Old May 14, 2010 8:31am
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Originally Posted by g_j_hook@yah View Post
that is your desision of course but i like to give it some time. its a 4h bar we are trading here so i like to give it a few bars before i take stock again. these small moves can be missleading, the hard part is that sometimes theyre not!! lol
maybe you should close some and set up a free trade for yourself and then you can relax??

jon
got to fam, happy hunting.
also keep an eye on gb. if it breaks todays open price it could be good for us. if it is rejected at that level i would cover myself...
it looks like price is jus retesting the intraday res/sup it jus broke..??(eu/gb) look at the 15min chart and you can see it is not having a great time at trying to get higher again..???

again jus me though

jon
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  #63827  
Old May 14, 2010 8:38am
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just a quick word as there is a few comments on taking profits.
i currenly have about 5% of my account in floating profits,...am i itching to close up shop and take it?? YOU BET YOUR ASS!!!! but that is not a reason to close. let the chart decide for you. imho its the only way for continued succses in this game!!??and its easier!

jon
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  #63855  
Old May 14, 2010 12:42pm
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well jus come back home and im glad things have gone our way today!! there has been some nice trades this week guys eh!?!?
have a good weekend yawl

jon
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  #64121  
Old May 18, 2010 3:17pm
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Quote:
Originally Posted by feri z kosic View Post
It seems like momental lose of 766 pips!!! I set up buy or sell stops on pinbars at daily charts... Or wannabe pinbars... but I was really bloody surprised when I saw this development when I came from work... Can anybody explain, what went wrong till this time?? If anybody wants chart by chart, i will post it. Thanks guys...
By the way... I am studying this thread daily, I am on page 121 post 1804 now.... Thats great thread, thank you James!!!! god bless you and your family and of course all of you guys!!!
there was no problem inho, non of the pins were worth taking today as they were either incorrectly formed, no close within previous bar like the gb/us (pin LOOKING bars hanging in space like that take a lot of money of new traders)etc or they wernt strong enough to change the trend, i.e too small. if they were to be taken they needed to be monitored closely as they were all against the strong trends that we are seeing latley.again inho non of these bars warrented a full bar stop loss. The phrase man who picks bottom.....comes to mind...lol not intended at you personally bro, but these bars IF traded have be managed very tightly.
i added more to my running shorts today...gb/us @ 1.4426 and my eu/us at 1.2352. not trying to be cool jus showing how mich faith i personally had in those bars.

hope this helps put them in perspective

jon
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  #64122  
Old May 18, 2010 3:19pm
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Default just my thoughts...

Quote:
Originally Posted by feri z kosic View Post
It seems like momental lose of 766 pips!!! I set up buy or sell stops on pinbars at daily charts... Or wannabe pinbars... but I was really bloody surprised when I saw this development when I came from work... Can anybody explain, what went wrong till this time?? If anybody wants chart by chart, i will post it. Thanks guys...
By the way... I am studying this thread daily, I am on page 121 post 1804 now.... Thats great thread, thank you James!!!! god bless you and your family and of course all of you guys!!!
there was no problem inho, non of the pins were worth taking today as they were either incorrectly formed, no close within previous bar like the gb/us (pin LOOKING bars hanging in space like that take a lot of money of new traders)etc or they wernt strong enough to change the trend, i.e too small. if they were to be taken they needed to be monitored closely as they were all against the strong trends that we are seeing latley.again inho non of these bars warrented a full bar stop loss. The phrase man who picks bottom.....comes to mind...lol not intended at you personally bro, but these bars IF traded have be managed very tightly.
i added more to my running shorts today...gb/us @ 1.4426 and my eu/us at 1.2352. not trying to be cool jus showing how mich faith i personally had in those bars.

hope this helps put them in perspective

jon

EDIT: i see Mike has already given a proper answer...lol
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  #64125  
Old May 18, 2010 3:24pm
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my comp. is going nuts lately!!!??!!!??
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  #64126  
Old May 18, 2010 3:29pm
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hey guys, can anyone help???
when i save a chart on my comp everything goes as normal but when i try to load it here it is always the old chart i tried to copy over???

cheers in advance

jon
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  #64128  
Old May 18, 2010 3:33pm
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Quote:
Originally Posted by extraneo View Post
GBPUSD is to close daily with IB
what do you think?
luckily for me...we dont need to think in this game...lol
we will soon know. i will maybe take a short break tomorrow if it does though..??there was a good looking double ib on gb/cad today(tried to post it ...damn comp.!! lol )but there wasnt any momentum when it broke so i killed it
wish i sold the retest of todays open . lol


jon
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  #64130  
Old May 18, 2010 3:38pm
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Originally Posted by extraneo View Post
try to save again with a different file name
lets try.. gb/cad from today...???

nope!! it just shows it saved when it saves it,then i got a msg saying the comp couldnt find it?? then when i try to post it its not there lol

cheers

food time ...sod it! lol

jon
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  #64168  
Old May 18, 2010 8:07pm
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Originally Posted by extraneo View Post
here is gbpcad daily
thanx man, if u ignore the sunday bar (the small second to last) the same chart, but cleaner lol
i thought it would give ,more...???having said that,..its a pair i understand little.

cheers

jon
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  #64170  
Old May 18, 2010 8:20pm
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Originally Posted by mbqb11 View Post
I made a video that I have re-uploaded so I don't have to find the post.

http://drop.io/cfnoat3

This should clear up the chart below. And aside for the space issue one major thing I never do is trade into a PPZ, which 12.5 is clearly so we want to trade away from these areas to have the wind at our backs(so without knowing anything else I would never trade into the 12.5 that is our first trouble area traffic aside). I marked a pinbar that has space, vs the one you took.

Let me know if that helps
Mike
Mike , that vid is the biss.!! i agree with jaroo.
I love how you ignored everything but PA and PPZ.
the funny thing is, the first thing that i noticed is your will to help us out! space and traffic i watched the second time.

u must live pretty well im guessing,?? not many guys around willing to put the effort in like yourself and the rest(you know who you are)i hope.)

CHEERS

jon
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  #64171  
Old May 18, 2010 8:27pm
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Originally Posted by jeurre View Post
how did you know it so precisely, man ! I am speachless now
get used to it...



jon
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  #64224  
Old May 19, 2010 8:24am
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Originally Posted by Daneel View Post
Well, going live so soon due to my arrogance and impatience has proved not to be a good idea....
hi mate, i blew my 2500 eu account cos of the same reasons,basicaly.
point 1: untill you have a system wot you doing with a live account!?? i had a system and still blew it!!
which is my second and main point of posting.....
Quote:
but the problem at the moment isn't my psychology,
i think it is bro, the aplication of what you have learned isnt an easy road (like it seems) the biggest advantage of demos is learning to beat yourself instead of the market. if we cant do it on demo with pretend numbers what makes us think we can do when our cash and life styles are involved!!??!!??!!??
To make a system it has to be first APPLIED, TRIED AND TESTED!!for a few months (to test different market conditions etc) if its working then you have something. but you have to proove you have beaten yourself also or NO sytem will work for long. making dosh on small TFs can be easy when you jump in and out of the momentum etc but it will kill your account in the end as it based on pure luck not on a trading method.
sure wish i realized this BEFORE i blew the 2500 eu !! im now a little better than breaking even and still it is the phycology of trading that beats me when i get beat. this would be easy otherwise.

just my thoughts

jon
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  #64226  
Old May 19, 2010 8:28am
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Originally Posted by Dan Gilbert View Post
stupid EURJPY out at B/E.... I hate this because I am so confident that thing is headed for 110.....
lol... what you wasting your time making opinions for bro?? dont attach yourself to the market Dan, its gonna do what it does anyway.out at BE is a good thing, you obviously managed the trade well. thats the important bit imho not where its going. with some decent PA we can go with it wherever it goes....

cheers

jon
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  #64227  
Old May 19, 2010 8:37am
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jus wanna make a point...

everyone check your eu/chf chart, daily TF
over a year of strong trend without hardly any drawbacks!!! any of us in that??? i bet not many??
looked easy when i looked at that stuff a few years back, things like"you would have to be a dumbo to not have made money there!!" spring to mind...lol

jon
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  #64232  
Old May 19, 2010 9:22am
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Originally Posted by Dan Gilbert View Post
it's these damned rules that I am not smarter than!
lol...non of us are bro! thats why they are so important. at least to me??

jon
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  #64388  
Old May 20, 2010 8:29am
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this is something im watching, not strictly J16 method but my entry would be if it does what i want it to do??
can someyone do me the favour of posting a daily chart and drawing a TL from the 2/11/09 low and the 23/12 09 low (with ray option on) and zoomed out enough to see the preceding up trend??
at the 81-82 level we have a half decent PPZ (check weeklies) i would love a break down of this TL AND that PPZ then a retest with some PA...
this would be a classic if it happens imho. you know what they say bout the 4th touch of death!!??
a first target of bout 78, then if that breaks theres some real space there, could well be a runner we dont get that often??
ok its jus ifs n buts, but i just wanted to give the heads up.
i would also be happy if it doesnt break but retests the 86 level and gives us some decent PA there also. that would give plenty of room to take a safe trade also inho.

cheers

jon
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  #64389  
Old May 20, 2010 8:32am
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sorry... thats the au/us pair !!!

i cant even edit my posts now. must be the move to ireland!!??

jon
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  #64391  
Old May 20, 2010 8:44am
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Originally Posted by six gun View Post
Is this what you wanted?
cheers bro, but when u look at yours zoom out 1 more time and you can see the space im talkin bout

gotto rush
jon
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  #64392  
Old May 20, 2010 8:45am
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Originally Posted by jeurre View Post
here it is, don't know why, I always like to go against trend, someday, someday I have to change this totally. sighhhh, in the trade already
thanx jeurre,
you have got to get used to zooming out before you look into any datail...

jon
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  #64422  
Old May 20, 2010 1:57pm
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Originally Posted by james16 View Post
The chatroom on the guest side of the site will be up and running soon. It wont be open 24/7 but will be used to meet for guest webinars and normal chat sessions. My hope is you old timers will make use of it.

I have recently purchased the omnovia software for voip/white board/screen sharing/chatroom.

It is super simple.

You old timers can use it anytime you want.

I will be posting more about it soon.

Jim
Now that sounds like a good idea sir!!
i will certainly be there for that! old timer or not...lol

thanx bigun

jon
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