james16 Chart Thread

supremeChaos · #**62281** Apr 29, 2010 8:23am

Quote:

Originally Posted by ghous

These guys can not pronounce "gh" the way we do Nasir which is why I except Goss as the pronunciation.
...

Let me try

i believe i got a flexible tongue

i can pronounce Chinese, Japanese, Spanish etc words fairly well, so i dont think your name is that hard to pronounce.

EDIT:
we are having an early weekend discussion, heheh

supremeChaos · #**62294** Apr 29, 2010 9:41am

Quote:

Originally Posted by ghous

.

we clearly got it now.
reminds me of what u said in your profile: "it's 'BOSS' with a 'g' "

Quote:

Originally Posted by joelcf

....
I feel like one of the great j16 mysteries has been solved tonight. Next week: where is Rac's cave?

hahah... im interested

supremeChaos · #**62376** Apr 29, 2010 10:31pm

Quote:

Originally Posted by triggerju

Agreed. 5 mins and the like is death. 1hr is minimum anyone can really keep good at.
..... most people CANT trade 100s of things........

the 1hr minimum is your view (& probably your experience).
& Mike didnt say trade 100s of charts, he said watch many charts. watching & trading are oceans apart.

all i can say is your posts/'revelations' today are nothing new (to me, at least).
Seniors here teach the way they teach for a purpose.
immediate understanding & realization will come if u read & imbibe Primi's words below

Quote:

Originally Posted by Primi

I really can't think of another place where this is promoted as much as it is here. I see you are very new around here (march 2010). Stick around and you'll see. Or start reading this thread from the beginning. There is a very informative first post with some references. I was "smart" when I arrived here and dismissed some of those suggestions/requirements as unnecessary. Well, after a year I think they are here in the best interest of new people. And they don't make the journey longer. They make it shorter. ....

supremeChaos · #**62377** Apr 29, 2010 10:34pm

Quote:

Originally Posted by joelcf

Wanna go halves in setting up a brokerage?

can i get designated as the head of the janitorial services of the firm?
at least i can watch the activities inside the firm.

sounds like a good plan.

supremeChaos · #**62382** Apr 29, 2010 11:56pm

esbatu,
are u referring to skinfx's BEOB?
depending on your perspective, it worked out/didnt work out.
jarroo has pointed out a bar high (marked as dark green horizontal line) that held as support (i remember in 1of james16's videos wherein he points out single bar high/lows stopping price too).
some people ignore single bar highs/lows... these charts show that 'ignoring one bar high/low' (& dismissing it as 'unimportant') is sometimes detrimental.

supremeChaos · #**62383** Apr 29, 2010 11:58pm

Quote:

Originally Posted by Cyrus

....
Indeed, as Mike said sometime back, PASR will add juice to any method.
The method... well it's up to the individual.

i think in most/all cases, PASR should be the bedrock.

supremeChaos · #**62389** Apr 30, 2010 12:20am

both sides of the discussion have merits.
personally, im the 'outlier' type.. so i just

& listen on the sidelines.

supremeChaos · #**62391** Apr 30, 2010 12:35am

Hello esbatu,
think of it more in the lines of 'the trend is the reason/culprit' than 'a single bar high stopped price'.
up to this point the uptrend is strong... lower prices are used as cheap entries. (plot a fib from 9 or 12bars back.. check it out.. probably a retracement entry)
i mentioned it in my previous post(last week). Sir jarroo earlier mentioned it too.

whether we have a good or mediocre setup at hand, (talking specifically about trouble areas) i think we must look at all the possible traffic areas that price may head into. in this case, u may have ignored that bar high &/or dismissed the potential of a good/strong uptrend since u were presented a 'good setup' (the BEOB).

Quote:

Even when I look back at the trade right now, I still come out with the same conclusion...

what helps is looking at the same setup with fresh eyes or a new/different perspective.
of course, if u look at it with the same view, then nothing will change.

Hope this helps

supremeChaos · #**62398** Apr 30, 2010 2:32am

esbatu,
imho, it cannot be 'in hindsight' because the support (bar high) was there prior the trade. it's a matter of seeing it, recognizing it & not ignoring it.

Quote:

..If we see every bar high/low as FTA then we will get paralyzed by that, making almost every setup untradeable..

i didnt imply that u should treat every bar high/low as FTA (first target area).
what i meant is we should be aware of minor bumps (traffic area such as this bar high) so we wont fall/slip because of it (we wont get surprised on what happens). it seems u dismissed this bar high as a 'minor (useless) bump' so u discarded it entirely in your trade management.
if we were aware of the bumps (minor & major trouble/traffic areas), then it's a matter of reacting (exit, reduce risk, etc).

btw, i checked gbpchf charts...
if u plot a fib upwards from the April14 or 19 lows, u will see that it indeed is a 50fib retracement (went slightly past 50fib ret).
when price touched 1/6420 area, price made a quick reversal towards/above 1.6500.
also on H4, april15 & 16 highs (1.6390-95) may have played apart. so it turns out that it's not necessarily a 1-bar high bump/issue.

supremeChaos · #**62406** Apr 30, 2010 3:53am

Quote:

Originally Posted by jarroo

One can say that the yesterday's setup was not at a swing high but in a consoldation area...
Anyway, let's look at the 2 Day PB Nov. 2009 and end of Jan PB of this year.

if we look at the finer details, the latter two are protruding (imho, these two were upside 'false breaks'). whereas the yesterday's BEOB (now formed a BUOB or a 2-bar daily PB) is embedded entirely in the consolidation.

supremeChaos · #**62409** Apr 30, 2010 4:15am

got no charts, but...
it's month-end..
to me, audusd daily, weekly & monthly look bullish.
shall we reach 0.9800 - 1.00 (parity)?? {probably +/- 3rd quarter 2010}
or
will we stall at/prior 0.94?
we will see

supremeChaos · #**62411** Apr 30, 2010 4:29am

Sir jarroo,
it's National Bank of Greece.

Greece..
Greece..
huge volume on that pin.... (highest volume in at least 10yrs)
it could be a start of an uptrend. joel's buying it cheap

wait, i think i need to open my first stock trading account soon, heheh

supremeChaos · #**62420** Apr 30, 2010 5:01am

Quote:

Originally Posted by jarroo

Anyone take this one.

Now this is a hard and fast break example.

awesome, Sir.

might encounter a buying spree soon.

supremeChaos · #**62421** Apr 30, 2010 5:05am

Quote:

Originally Posted by jspeakman

...Is it worth looking at more obscure currencies (Albanian Lek/Mongolian Tugrik! or EU/HUF someone posted recently

- I thought the spreads might not make them worth trading. Or looking at stocks/commodities possibly?
...

Hello jspeakman,
if i may...

lol.. Albanian Lek etc???

spreads may eat u alive.
Mike posted the eurhuf chart.

why not look at stocks &/or commodities etc for more charts

supremeChaos · #**62428** Apr 30, 2010 6:15am

Quote:

Originally Posted by jspeakman

Thought that was the case, coms and stocks a new field for me but see that my platform (FXPRO) offers quite a few. Shame though, quite fancied trading the Moldavian Leu or the Tongan Pa'anga!
....

Hey bro,
no one's stopping u, if u really want to.

supremeChaos · #**62429** Apr 30, 2010 6:15am

Quote:

Originally Posted by jarroo

Interesting where that buying may start.

yes Sir, let's see what price does.

supremeChaos · #**62433** Apr 30, 2010 7:29am

Hey esbatu,
i now understand why u said it's an inevitable loss.
not being able to monitor the charts as u like is sometimes a disadvantage.

but i wont go as far as saying that u misjudge the FTA. it's more of price having a different idea of its own direction at that time... or in short, it's more got to do about the (strong) trend.

Next trade...

supremeChaos · #**62435** Apr 30, 2010 8:36am

Hey esbatu,
Nothing to be sorry for, fellow Asian.

supremeChaos · #**62443** Apr 30, 2010 10:00am

Quote:

Originally Posted by TiaForex

It's been a while since I've posted....
....
I am reminded of a great post by Merlin (can't find it now, any ideas where it is Mike?) where he weighed in on one of the well rehearsed platitudes of trading. "Exits are where you really make your money, not entries. Exits are far more important than entries". It was a popular trading maxim at the time and Merlin called BS on it. ....

u mentioned Merlin..
so i thought it was a worthwhile & interesting search

it starts here.
great post, btw.

supremeChaos · #**62485** Apr 30, 2010 11:03pm

GOOD NEWS for those who click on 'Attachments' (aka 'paperclip')
Read here...
Try it out

supremeChaos · #**62486** Apr 30, 2010 11:12pm

Quote:

Originally Posted by bundyraider

Planetary Cycles Trading (EUR/USD)
...Interesting thread....

have seen it earlier this year.
for now, it's way above my head.

but i plan to read up on it & see what it's about in the future.

Planets & Heavenly bodies have an effect on Earth (& human beings), so there must be something to it
for now PASR leads the way.

supremeChaos · #**62543** May 3, 2010 4:14am

jeffokes,
what do u mean?

for MT4/MT5
for an EMA...
in the indicators section, look for 'Moving Average'... with such settings:
set 'Period' to whatever value u like (150, 200, 365 etc)
set "MA Method" to 'exponential'
set 'apply to' to 'close'

supremeChaos · #**62546** May 3, 2010 4:35am

Hello jeffokes,
from what i know it's 150, 200, 365ema.

supremeChaos · #**62603** May 4, 2010 12:26am

Quote:

Originally Posted by joelcf

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

sometimes (yesterday?), gbpchf is 3.3 on Oanda.

supremeChaos · #**62604** May 4, 2010 12:28am

Quote:

Originally Posted by iForex

Hi, all
I saw 2 BEOB on E/U chart, but I am not sure they are good or not? Can anybody give some suggestion?

Hey iForex,
those BEOB's are at a (swing) low. ideally, we want BEOBs at swing highs.

also, it's recommended that u zoom out when u study your charts so u'll see the 'bigger picture'.

supremeChaos · #**62607** May 4, 2010 12:53am

Nice illustration fxeturn!

a little observation:
-the pinbar shown is quite small. about 60% of its body is embedded in the previous bar.
ideally, the size should be much bigger (this goes for all PA bars), with close below the open (for bearish PBs; close higher than the open for bullish PBs), & with most of the body protruding away from (as opposed to being embedded into) previous bar/s.

supremeChaos · #**62612** May 4, 2010 1:43am

Hey nasir,
marcelnyo is busy (with his business &) amassing funds for his bigger FX account.

Quote:

Originally Posted by nasir.khan

Hey marcelnyo so long dude where were you??

.

supremeChaos · #**62614** May 4, 2010 1:54am

Quote:

Originally Posted by fxeturn

Thanks! I did a little correction according to your advice and added a 'tips' section. I've replaced the image in the same post.

to be clear, u can put a note in your picture "for illustration purposes only (may or may not show the proper/best location of a particular PA bar)"

sometimes, a small PA can have a huge activity (activity meaning buying&selling). but in general, we would like to trade really big, prominent PA setups.

u changed your illustration for number 3 'pin bar'. that pin's close is lower than the open, & most importantly, its mid-part is embedded in a mini-range located on the left-side of that pin.
we ideally want a PA setup in a location (swing high/low) such as #7 is in: with space on the left & protruding away from the other bars.

Good job!

supremeChaos · #**62618** May 4, 2010 2:13am

fxeturn,
the current #3 is better. it is ok, size-wise.
location is a different matter.

supremeChaos · #**62623** May 4, 2010 2:56am

Quote:

Originally Posted by fxeturn

I've replaced the image in the post with the new improvements as suggested. So it should be ok now, as in just 'ok' right?

yes it's ok. time well spent.

if u want u can consider below info:
#4, is an Inside (multiple) bar.
personally, i think it's inappropriate to call every Inside (multiple) bar as an "I4B".
& it should write 'an IB with a pip range smaller than 2 or more preceding bars'
an IB with a range smaller than 2 prior bars is an I3B.
for your #4 example, i checked FXPro chart. it's an I7B (kindly check your chart accordingly).

supremeChaos · #**62635** May 4, 2010 7:48am

Quote:

Originally Posted by the_wizard

Just a quick follow up on my post last night and this morning...

Tom,
nice to see u posting again, Sir.

supremeChaos · #**62640** May 4, 2010 9:07am

Quote:

Originally Posted by nasir.khan

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."
.

Noticed the same thing early today.

Hmmmmm... why would they do that?

supremeChaos · #**62642** May 4, 2010 9:15am

Quote:

Originally Posted by nasir.khan

Well every thing......
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.
... .

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

supremeChaos · #**62729** May 5, 2010 7:13am

Quote:

Originally Posted by Pinbar

I think you were right Neutro, I am drawing too many.
...

i found it.

here's an alternative view: Blackeagle's way of drawing S/R
http://www.forexfactory.com/showpost...postcount=7738
he made 6 consecutive posts.

hope this helps some of you

supremeChaos · #**62736** May 5, 2010 7:29am

Quote:

Originally Posted by tehuringa

G'day all....haven't dropped by for a while but nice to see plenty of new faces in this thread....and of course nice to see all those crusty old faces that I've grown to love too

yesterday, Tom (the wizard) dropped by.
Now it's u, Dave.

so who's next?

supremeChaos · #**62743** May 5, 2010 7:34am

yesterday/the other day, we talked about FXPro 'removing Dow' in its list.

as another alternative (aside from the 2 brokers mentioned in below posts), u can try (thanks to ddinov

)
http://www.onecfd.com/accounts/cfd-spreads.one
it has US$ Index & indices, futures, commodities etc
ddinov said it's GMT+0

http://www.forexfactory.com/showpost...ostcount=62636
http://www.forexfactory.com/showpost...ostcount=62648

supremeChaos · #**62846** May 5, 2010 10:54pm

Quote:

Originally Posted by ghous

I have been itching....

Bollinger bands?
what led u to trying it out?

count me in.

supremeChaos · #**62847** May 5, 2010 10:55pm

Quote:

Originally Posted by Dan Gilbert

missed me by 3 pips.

in at least 1 broker, i think it was missed by only 1.x pips.

supremeChaos · #**62848** May 5, 2010 11:03pm

Quote:

Originally Posted by Dan Gilbert

...I would say this particular trade is an exception.

not really.
on certain occasions, price will do such thing: miss a particular price (example a round number) by +/-1 to 5pips. sometimes a round number will be missed by 0.1 to 0.9 pips!