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- balloontree replied Jul 9, 2012
I did a quick scan today; there's no PA at least not in swing high/low today; probably need to wait for a few days. Meanwhile does J16 or senior members have a strategy/method to trade when the market is in a consolidation/sideways? Also, can I drop ...
james16 Chart Thread
- balloontree replied Jul 9, 2012
Also does the broker time matter? I was thinking of opening a FXCM or Oanda account; one is in GMT0 and another is in GMT-5. Or should I stick strictly to GMT0?
james16 Chart Thread
- balloontree replied Jul 9, 2012
Hi guys, So basically we are only interesting in looking at PA at swings (high/low); okay, I registered this. How about currency pairs? How many do you watch? How about their correlation? Do you have a table like, if I enter EURUSD, then I will not ...
james16 Chart Thread
- balloontree replied Jul 8, 2012
I was thinking if I should sign up for J16 private forum; do you think it will help? Or should I just demo trade religiously first? and if I meet any more trouble/problems, and then join J16?
james16 Chart Thread
- balloontree replied Jul 8, 2012
thanks; just checking one more thing; for entries (any kind), I would place a buy/sell order 10 pips + spread away from the candle high/low, stop loss at the other side; when it reached the FTA, I would take 50% off and move to BE; and tighten the ...
james16 Chart Thread
- balloontree replied Jul 8, 2012
ok; got it! I think what you guys are saying is that I need to finish off my decision to enter a trade or not with PA - giving more points to PA than the rest I need to switch from this sequence (TL, fibo, S/R, BRN, and lastly PA) to PA first
james16 Chart Thread
- balloontree replied Jul 8, 2012
hmmmmm, interesting........... 2 dojis at a swing high and with those confluences 150EMA, 61.8% fibo, 2 dojis at TL, doesn't it mean like the buyers are not as keen as before? hmmmmm, trying to sort out my thoughts
james16 Chart Thread
- balloontree replied Jul 8, 2012
Oh! I used to draw S/R lines before anything else, and found that I couldn't read the charts - maybe I did it wrong. First I would go to the monthly, and draw lines at the extreme ends (top and bottom) and move to the mid; then weekly, and then ...
james16 Chart Thread
- balloontree replied Jul 8, 2012
yupe! thanks for pointing it out! In my haste to look for PA, fibo, TL, EMA, S/R, I forgot to look at RN; I know BRN are important....... that would probably explained that there's buyers taking that 78.5 RN as floor, hence the BEOB couldn't be any ...
james16 Chart Thread
- balloontree replied Jul 8, 2012
thanks! would it be better if I were to mark this as my FTA? meaning take 50% profit and move rest to BE?
james16 Chart Thread
- balloontree replied Jul 8, 2012
Questions about TL — How do we go about trading these?
james16 Chart Thread
- balloontree replied Jul 8, 2012
PB entries..... — are these good pinbar entries?........
james16 Chart Thread
- balloontree replied Jul 8, 2012
Free fall pairs....... — Do we ignore free fall pairs where there's no known S/R until it bounced? or BRN?
james16 Chart Thread
- balloontree replied Jul 8, 2012
Should I have taken this BEOB? — should I have taken this Bearish Outside Bar? Reasons: 150EMA, TL, 61.8% fibo, PA(BEOB)
james16 Chart Thread
- balloontree replied Jul 8, 2012
how to trade pennant? — do we wait for PA? or just buy a retrace?
james16 Chart Thread
- balloontree replied Jul 2, 2012
hmmm, if it close like the price now, we have like 100 pips to grab and run?
Daily Chart w/ 10sma
- balloontree replied Jul 1, 2012
anyone watching GJ? looks like a good signal for tomorrow; when price close below 10SMA + trendline + resistance + room to move down~~
Daily Chart w/ 10sma
- balloontree replied Jun 30, 2012
how did this go!? please share the secret! btw, do you have the indicator for the arrows in the chart? I tried to download in the first few post but the arrows didn't show up do you have the source code too?
Daily Chart w/ 10sma
- balloontree replied Jun 30, 2012
oh yeah! I was thinking of going with Oanda which is like using EST -4 or -5 GMT can't remember; Was wondering if it will work. does the trades in fxdd work well?
Daily Chart w/ 10sma