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  #66777  
Old Jun 19, 2010 10:52pm
supremeChaos's Avatar
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Quote:
Originally Posted by Donkey View Post
For the IxB players...Is this a I53B around a BRN on the dragon?...
u are correct, but slightly miscounted.
(FXDD) it's I54B (current bar is smaller than previous 53 bars)

im not sure with shorts. personally, i see a bullish bias on jpy pairs.
Let's see next week...
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Last edited by supremeChaos, Jun 19, 2010 11:09pm
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  #66778  
Old Jun 19, 2010 10:59pm
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Quote:
Originally Posted by ghous View Post
....
(IPBs work best when at extreme swing points...
agree, ghous.
also, the second IPB (which artov traded) looks like/is a bullish PB. i'd prefer IPBs with a close equal or (better if) lower than the open (for bearish IPBs).
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  #66810  
Old Jun 20, 2010 10:19pm
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Quote:
Originally Posted by sollavia View Post
Please....
One of the points I've grasped is that it's necessary to have a large account with a small risk. I just want to know how large should an account be? I'm just a college student at the moment...
Kababayan!
There are no stupid questions!

i agree with Sir joel, $2k is quite a huge sum of money, specially since u are from this country of ours.
where did u learn about the James16thread?

Excellent first post (done in this thread).
Good luck in your journey
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  #66811  
Old Jun 20, 2010 10:22pm
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Quote:
Originally Posted by fxeturn View Post
....I have this thinking that trading with the trend is always much safer than going against it....
yes!
trading with the trend is better, easier, safer & more profitable.
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  #66819  
Old Jun 20, 2010 11:31pm
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Quote:
Originally Posted by Cyrus View Post
Hi guys, big RN 4500 coming on this thread, but the extraction software is giving me ALOT of problems...
software must be 'in consolidation'
no need to rush, bro
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  #66863  
Old Jun 21, 2010 12:32pm
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Quote:
..i?m having a headache thinking why the price sometimes breaks PPZs and sometimes not. Why even some relatively tiny FTA PPZ can turn price against PA setups on great locations. And why price sometimes only very little respects relatively strong PPZs...
Hello nuclear62,
the answer is: Supply & Demand.
example,
a strong PPZ below price will break if supply (sellers) is greater than demand(buyers)
a strong PPZ below price will NOT break if supply (sellers) is NOT greater than demand(buyers)

------
great locations are great areas to buy/sell.
great locations are like magnets: they can repel OR attract price.

there is also a possible issue when it comes to identifying 'strong'/'weak' PPZs. it takes time & experience for each of us to correctly identify good/legitimate PPZs & correctly categorize a PPZ as strong or weak.

Hope this helps
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  #66893  
Old Jun 21, 2010 11:31pm
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Quote:
Originally Posted by Possmer View Post
... It is a BUEOB (not sure if that is the acronym).....
BUllish Outside Bar.
BUOB

alternatively, it's a 2-bar pinbar


imho, if that BUOB/2-bar PB breaks, 1.1200-1250 may pose a problem, before 1.1300 - 1.1750 (Mid- to end-May price)
i think there is a bearish bias in this pair, & this BUOB is a possible 'pause PA'.
on the downside, if 1.0900 cracks, then possible move towards +/- 1.0500.


EDIT:
looking at Pinbar's chart below, in the past 11-12 bars, the downmove only had 2 retracements (bullish bars). yesterday's bar (the second retracement/bullish bar) is not necessarily uncalled for, in the context of the current downmove
http://www.forexfactory.com/showpost...ostcount=66886
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Last edited by supremeChaos, Jun 21, 2010 11:59pm Reason: details
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  #66902  
Old Jun 22, 2010 12:51am
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Quote:
Originally Posted by cprao View Post
Jarro, would you mind further explan the differrence between Fib level and retracement ?
....
hello cprao,
these are just words.
read them as is.
a level is a level
a retracement is a retracement or a 'step back'.

let's have fun.
let's say your house has 7 floors.
floors = Fib levels
let's say u are on the 7th floor (100% fib level drawn from the ground).
if u go down, & u are at the stairs (or elevator) midway of the 3rd & 4th floor of your mansion, then u just made a "50% retracement".
did that help?
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  #66906  
Old Jun 22, 2010 1:38am
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Hello edge40,
it's ultimately your decision.

u can trade as many pairs as u want.
& find/trade the best setups.

Welcome & looking forward to your posts.
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  #66918  
Old Jun 22, 2010 3:57am
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Quote:
Originally Posted by jarroo View Post
I was thinking the same thing . . lol
Is there a "PPZ" out there.
i'm sure it wont take long


Quote:
Originally Posted by Dan-FX View Post
...
Would this be for a short or long...
Hey Dan,
bullish IPB = long.
bearish IPB = short
it sounds mechanical, but it's actually discretionary like many things.

do remember ghous's signature:
"IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!"
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  #66972  
Old Jun 22, 2010 7:59am
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Quote:
Originally Posted by djmartymac View Post
Can you clarify what you mean by this
?
by 'pushing it',
i believe he means it's less ideal or it's not recommended to use brokers which close during the times other than those he mentioned (FXPro, IBFX, etc), due to low liquidity issues

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  #67062  
Old Jun 23, 2010 1:29am
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Quote:
Originally Posted by joelcf View Post
I swear.....
Quote:
Originally Posted by joelcf View Post
Something like etrade...
hey joel do u have a substitute poster or
a sexytary like Mike?

i have seen u here 13hrs ago.
3hrs ago, u have made new posts.(& u are still online now)

u get no sleep yet still come up with lengthy informative posts.
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  #67099  
Old Jun 23, 2010 5:52am
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nuclear62,
Great job, Sir

comparing the last few bars (on H4 chart), gbpchf had a cleaner upmove than gbpjpy.
Nice one.
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  #67119  
Old Jun 23, 2010 10:18am
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Quote:
Originally Posted by novice198 View Post
Hi SC,
Is the GBP/CHF pair correlated with GBP/JPY pair.
....
Quote:
Originally Posted by mbqb11 View Post
Sometimes they will run pretty close in correlation if say the gbp is the dominating theme, but there are many times like now when the correlation is not there. This is why just stick to a chart is a chart, solves that problem :P
....
Mike answered...thanks Sir.

novice198,
i mentioned gbpjpy because i had several buy positions at the time of my post.
i simply compared the two (gj & gchf), but ended up posting my observation as well. sorry for the slight confusion
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  #67120  
Old Jun 23, 2010 10:20am
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Quote:
Originally Posted by bug View Post
WARNING!
...FOMC day...
Happy pippin'
thanks for the reminder, Cornholio
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  #67122  
Old Jun 23, 2010 10:31am
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Quote:
Originally Posted by proletary View Post
... I can't find it in the FF calendar.
...
it's in the FF calendar.
that is, depending on your time settings.
u can customize using the time & date options. u can see this link when u hover your mouse at the current time(within the FF calendar, the current time is located right at the top).
remember, the settings may differ if u are viewing the calendar as a guest or as an FF member.(u can customize the settings as a guest &/or as an FF member)
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  #67127  
Old Jun 23, 2010 11:42am
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Quote:
Originally Posted by kk21 View Post
....
hello location,
how were you able to 'sieve out' just their posts?
...
Hello kk21,
u can simply click on the 'number of posts' link of each member. it is found on every post.
or u can go to a member's profile. it is also there.

a few members like Cyrus has made a compilation of posts by specific members
read this, & latest compilation here
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  #67174  
Old Jun 23, 2010 10:30pm
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Quote:
Originally Posted by bug View Post
....in past posts, SeekingLight used the middle area between the 61.8 and 78.6 retracement as a buying/selling area....
price does not always stop & reverse at 61.8 retracement.
sometimes, price goes above 61.8, sometimes even above 78.6 ret (others use 76.4 ret, instead of 78.6 --- the difference is negligible IMHO, use what suits u).
other times, price stops & reverses at or below 38.2 or 50% ret.

if price gets to +/-61.8 or 78.6, &reverses (in your trade's favor), then u get a deep discount.
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  #67180  
Old Jun 23, 2010 11:48pm
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Quote:
Originally Posted by nwo-trader View Post
....
eurchf, right?

check the chart below. (compare the two pins in white boxes)
the strong downtrend is pretty obvious. & that pin is VERY small.
having said that, price may take off, significantly or not.

(the red pin in the middle, which took price to 1.45 - 1.46, has a much longer nose, & formed after price stalled at the strong 1.4000 support)
Name:  echf.JPG
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  #67182  
Old Jun 24, 2010 12:14am
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Hello forexben,
im not sure how to answer your question.
can u be more specific?

it's all about YOU... what u are comfortable with, etc
RSI6 is more sensitive like u said, MACD12,26,9 is more smooth.
u can use both or just choose 1. (some have them overlaid, like this. g_j_hook@yah has been using them this way for some time now)
the settings is up to u too.

i have more experience in using MACD (than RSI). i have it in all timeframes.
RSI6, i use it more in my lower timeframe trades (M5-H1).

u can wait for others' responses too.
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  #67186  
Old Jun 24, 2010 1:58am
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Hey six gun,
just to clarify, it's a J16 PF (private forum) webinar.(to avoid confusion)
dont forget, not all J16 thread readers are PF members.
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  #67197  
Old Jun 24, 2010 2:51am
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Quote:
Originally Posted by mbqb11 View Post
....you actually do have divergence here just a bit tougher to see but that last "hump" is there
...
six gun,
the upper MACD lines shows the div too.
(see black line)
Name:  macd div.JPG
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  #67205  
Old Jun 24, 2010 4:40am
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Quote:
Originally Posted by fxeturn View Post
I thought you meant lower high?
yes, lower high.
Good eye
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  #67336  
Old Jun 25, 2010 1:35am
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Quote:
Originally Posted by joelcf View Post
I've been itching to short Tiffany for months now.
....
Also, just because it is Friday: A mate just bought a new toy. 14 monitor setup? Hell yes.
http://www.digitaltigers.com/stratos...elite-xe14.asp
he plays with those toys at home?
wow.

i love Fridays.


Quote:
Originally Posted by joelcf View Post
....
c) [ATTACH]
hesitation to break a big round number.... by just 2 pips. hmmmmmmm....
8,000 a tough resistance? or is Friday the culprit?
probably waiting for weekend news, before taking off like a rocket.
LOL
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