james16 Chart Thread

nasir.khan · #**62252** Apr 29, 2010 1:42am

Quote:

Originally Posted by mbqb11

from his profile!

Hi everybody,

Ghous reporting...(Ghous is not like goose or ghost. I always tell ppl to replace the letter B in BOSS with G to come close enough to the actual pronunciation)

Well yea but you'll only come close to it but not the exact pronunciation.

Actually you have to combine GH like CH.

But the sound that comes out of GH is never used in English language/speaking.

So i think no one could get it right until you does't listen it from me/himself.
.

nasir.khan · #**62254** Apr 29, 2010 1:48am

Quote:

Originally Posted by mbqb11

Hey Nas

I do, but I would have needed more info then just engulfing 1 prior bar. i would want to see a story. Obviously never closed below and bounced off the BRN though

Best
Mike

BEOB is there (assuming), BRN is there, Momentum is there (looking at size of previous bear bar bars), Price has closed below the BRN and PPZ @ 5530 as well, Space is there until 5387.

So what's the part of the story that i am missing here?

Thanks

.

nasir.khan · #**62255** Apr 29, 2010 1:59am

Quote:

Originally Posted by joelcf

Someone needs to post an mp3 with the correct pronunciation. I am fascinated now.

Lol but i don't have a mic.
.

nasir.khan · #**62260** Apr 29, 2010 2:21am

Quote:

Originally Posted by mbqb11

Hey Nas

The reason is that BEOB is only engulfing one prior bar, on a 4hr chart that usually isn't enough in itself. If it was a continuation bar engulfing 1 bar off say a breakout pattern that might then be enough. But the aggregation of price could simply be what makes it engulf one prior bar. I just like more information the majority of the times to play contination bars(like englufing a range of bars is WAY better).

Hope that helps
Mike

Ok you mean like Daily beob's @ 1.55 and 1.60 on cable. Not enough bars to call it breakout but the authority (especially the first one) and the size is really telling me something.

Recently i have started considering the size of the bars comparing to previous one's and it helps alot in interpreting the charts.
.

nasir.khan · #**62264** Apr 29, 2010 2:32am

Quote:

Originally Posted by smikester

What is FFIMO anyway?:-(

FTSE 100 futures.
.

nasir.khan · #**62283** Apr 29, 2010 8:46am

Quote:

Originally Posted by bundyraider

So I guess it's what it would sound like if Donald Duck said "Goss"?

Well bundy you you continue to impress me. That gets very close now. lol

I did't wanted to say this but yea you need to use your nose when starting off.
.
Sorry Ghous.

nasir.khan · #**62296** Apr 29, 2010 10:34am

Quote:

Originally Posted by joelcf

absolutely - patterns within patterns within patterns

A really tight stop setup can be to enter with your stop just behind the last swing high or the one before (penultimate swing high?) on a lower timeframe, or to enter/reenter on retrace to a fib level (dicey in my experience, but people definitely use it here), or just behind a BRN/PPZ that the pin pierced.

Your theory sounds pretty solid

Though those are all pretty advanced entries, and are going to lower your 'win' rate. Whether that balances out with an increased position size......

I told you people. lol
You've been online for a long time today Joel.???.

nasir.khan · #**62425** Apr 30, 2010 5:51am

What will we going to get here?

.

nasir.khan · #**62427** Apr 30, 2010 6:13am

Quote:

Originally Posted by nasir.khan

What will we going to get here?

.

What about a hard break.

Ohh and i never trade the 5M but to just look at how price behaves at my levels.

.

nasir.khan · #**62430** Apr 30, 2010 6:16am

Another one.
.

nasir.khan · #**62467** Apr 30, 2010 2:25pm

Ok Mikey do you have any objection on FTSE (FFIM) daily bar.

(not closed yet)

nasir.khan · #**62609** May 4, 2010 1:32am

Hey marcelnyo so long dude where were you??

.

nasir.khan · #**62610** May 4, 2010 1:41am

Quote:

Originally Posted by joelcf

Seriously? I see 4.4 on Oanda, and even tighter elsewhere.

*edit* remoted into my home account, and I see 4.4 on MTB and around 2 pips on IB. I used IBFX for ages and they always seemed competetive. Have they gone downhill, or was I just getting suckered? >:/

Depends if you have a Micro or a Standard account, i use their micro one and spread are like 3-4 even on majors (But they let me trade down to 100 units). But i think standard one would be much better.
.

nasir.khan · #**62636** May 4, 2010 7:52am

Quote:

Originally Posted by Primi

Hmmm, DJI disappeared from my FXPro demo feed. What is that all about?

P

Their online support told me that.

"The spot indexes that were in the market watch window for correlation purposes were removed from the platform for now."
.

nasir.khan · #**62639** May 4, 2010 8:57am

Quote:

Originally Posted by Nustra

Jaroo,
based on your comment above, is it that this PA's are invalid if not occuring at a PPZ? i mean, will u take one that is not at those levels or have a fib or div. in aggreeance?

at my trading stage now, i kind of look for these setups and i just take most of them. my account is a testament to how unsmart that might be, but if i have to get a PPZ or confluence agreement, i found myself curve fitting; trying different oscillators to get a div. or saying..."well, it was almost at this level, though it didn't touch it to the pip, it was...

Well every thing including Fib's, TL's, Round Numbers and even PPZ's (the most powaful thing on the chart) could fail time to time.

But when you wait for them to come together in a single zone (confluence) they do hold more then 70%-80% and if you wait for PA at them your chances get to 90%-95%.

Well you can trade PA without PPZ's to, but then you should be looking for something like GOLD weekly PB at end of November-09.

Coming to Curve fitting, Well if you are kind of person who want's to trade the setup no matter what then you will always find something to support your decisions.

Like if you have a naked chart and then you get a PB or any other PA bar. You will then go to find confluence factor for your trade decision. Now this where it get very difficult to not finding them by curve fitting.

Then if you mark out all good tradeable areas in your charts like PPZ's at BRN's or TL's at FIB's etc. Next you want is a PA bar. When price will hit your marked areas you'll desperately try to find a PA bar of any quality, in any time frame to give you a reason to click the trade button.

So it depends pretty much on your Patience Level, Discipline and Experience.
.

nasir.khan · #**62647** May 4, 2010 9:41am

Quote:

Originally Posted by supremeChaos

which broker MT4's gold chart are u referring to? (just to clarify)
Thanks

The one and only FXPro. lol

and if i remember correctly this is only setup Mike traded in December-09.
,

nasir.khan · #**62648** May 4, 2010 9:43am

Quote:

Originally Posted by triger88990

The new changes are not comfortable, and this it pisses me off

bc I loved them having all together in one place.

For everyone who want them back you should try Forex LTD they offer beside dji and sp500 also USDX and EURX.

hope it helps

chears!!

Check out Windsor too.
.

nasir.khan · #**62726** May 5, 2010 7:03am

Quote:

Originally Posted by Pinbar

Well, ehh...I think I will have to clear the weekly chart and reboot my mind.

I will be back.

This is for you Pin Bar.

.
I am not a master at this but maybe this could help.

First look at Monthly chart. First i would mark a Pivot near the price then one/two below it and above it.

Next i go down to the Weekly and watch out if i could find more and i added two more PPZ's (blue ones).

In the end see the Daily chart. Ok almost the crucial pivot are covered but there are some high/lows left which could stop our trades but not so good for starting new trades (Light Blue Rectangles).

I know i have drawn to many of them but i can't help it, it's clearly a ranging market.

Ok now let me compare my charts with Jarroo's.
.

nasir.khan · #**62728** May 5, 2010 7:11am

Quote:

Originally Posted by nasir.khan

Ok now let me compare my charts with Jarroo's.
.

Ohhhh yea i win i have more then him.

Just kidding.lol

His chart is cleaner (i hope that's a word) .

.

nasir.khan · #**62732** May 5, 2010 7:25am

Well i don't know if it's been discussed before or not.

Do you people draw your PPZ's

1- Looking Left to right

or

2- Looking Right to left.

I do it looking right to the left.

Ooops did i spilled out the holy grail????
.

nasir.khan · #**62742** May 5, 2010 7:34am

Quote:

Originally Posted by tehuringa

Start: when in doubt....zoom out, flip chart to a line graph, work from right to left

I do use line chart.

But not for marking PPZ just for general directions.

Thanks.
.

nasir.khan · #**62907** May 6, 2010 6:59am

How did i missed that.

.