Did you have the buy limit setup at that daily PPZ before the highlighted PB developed? Or was that buy limit set after the PB formed to get in on a little retrace?
No, it was manual execution.
I was watching price move down to 61 in mid day, it then retraced back up some 40pips and started falling again. When it reached and broke 61 few hours later, I was glued to the screen waiting for a sign of sellers' exhaustion. When I thought this was it, I simply bought. Few minutes later price formed a PB. When it broke to the upside, I moved stops to just below it and went to bed. Set alert to call my cell whenever price goes back to 1.0430 (20ps below previous high).
... and this was it...
You better get that big loonie pretty soon, or you are going to bust!
I'm watching oil for hints today and it's telling me a lot...
Oil's up, loone's up...
That should tell you enough...
Is the spring already wound up....?
not much is happening here lately. It was more fun when this thread didn't belong to comms forums group. ...... closing the door, left
p.s. nonf tomorrow.
I can see at least dozen crosses that will depreciate by at least 50-80ps in the next 12hrs..
Did you have the buy limit setup at that daily PPZ before the highlighted PB developed? Or was that buy limit set after the PB formed to get in on a little retrace?
No, it was manual execution.
I was watching price move down to 61 in mid day, it then retraced back up some 40pips and started falling again. When it reached and broke 61 few hours later, I was glued to the screen waiting for a sign of sellers' exhaustion. When I thought this was it, I simply bought. Few minutes later price formed a PB. When it broke to the upside, I moved stops to just below it and went to bed. Set alert to call my cell whenever price goes back to 1.0430 (20ps below previous high).
... and this was it...
You better get that big loonie pretty soon, or you are going to bust!
I'm watching oil for hints today and it's telling me a lot...
Oil's up, loone's up...
That should tell you enough...
Is the spring already wound up....?
not much is happening here lately. It was more fun when this thread didn't belong to comms forums group. ...... closing the door, left
p.s. nonf tomorrow.
I can see at least dozen crosses that will depreciate by at least 50-80ps in the next 12hrs..
Did you have the buy limit setup at that daily PPZ before the highlighted PB developed? Or was that buy limit set after the PB formed to get in on a little retrace?
No, it was manual execution.
I was watching price move down to 61 in mid day, it then retraced back up some 40pips and started falling again. When it reached and broke 61 few hours later, I was glued to the screen waiting for a sign of sellers' exhaustion. When I thought this was it, I simply bought. Few minutes later price formed a PB. When it broke to the upside, I moved stops to just below it and went to bed. Set alert to call my cell whenever price goes back to 1.0430 (20ps below previous high).
... and this was it...
You better get that big loonie pretty soon, or you are going to bust!
I'm watching oil for hints today and it's telling me a lot...
Oil's up, loone's up...
That should tell you enough...
Is the spring already wound up....?
not much is happening here lately. It was more fun when this thread didn't belong to comms forums group. ...... closing the door, left
p.s. nonf tomorrow.
I can see at least dozen crosses that will depreciate by at least 50-80ps in the next 12hrs..
Did you have the buy limit setup at that daily PPZ before the highlighted PB developed? Or was that buy limit set after the PB formed to get in on a little retrace?
No, it was manual execution.
I was watching price move down to 61 in mid day, it then retraced back up some 40pips and started falling again. When it reached and broke 61 few hours later, I was glued to the screen waiting for a sign of sellers' exhaustion. When I thought this was it, I simply bought. Few minutes later price formed a PB. When it broke to the upside, I moved stops to just below it and went to bed. Set alert to call my cell whenever price goes back to 1.0430 (20ps below previous high).
... and this was it...
You better get that big loonie pretty soon, or you are going to bust!
I'm watching oil for hints today and it's telling me a lot...
Oil's up, loone's up...
That should tell you enough...
Is the spring already wound up....?
not much is happening here lately. It was more fun when this thread didn't belong to comms forums group. ...... closing the door, left
p.s. nonf tomorrow.
I can see at least dozen crosses that will depreciate by at least 50-80ps in the next 12hrs..
How on earth did you know this was going to happen? I can see individual pairs moving for chart reasons, but this en masse move....that was an amazing call
No, no. no bows please. It's really simple Aaron. Tons of hints in the pf as well. I also mentioned it on FF twice before, prior to previous NF events..
We can discuss it sometimes via skype, over a beer in TO or elsewhere, but I'm not going to talk about it on the public forum. You never know who's reading this..
This info is worth more than all the trading books, ebooks or trading systems you ever care to purchase.. . You know people come here, rephrase/rename few things and claim it as their own, repackage and sell it on the net. No thanks, just ask JIM...
How on earth did you know this was going to happen? I can see individual pairs moving for chart reasons, but this en masse move....that was an amazing call
No, no. no bows please. It's really simple Aaron. Tons of hints in the pf as well. I also mentioned it on FF twice before, prior to previous NF events..
We can discuss it sometimes via skype, over a beer in TO or elsewhere, but I'm not going to talk about it on the public forum. You never know who's reading this..
This info is worth more than all the trading books, ebooks or trading systems you ever care to purchase.. . You know people come here, rephrase/rename few things and claim it as their own, repackage and sell it on the net. No thanks, just ask JIM...
How on earth did you know this was going to happen? I can see individual pairs moving for chart reasons, but this en masse move....that was an amazing call
No, no. no bows please. It's really simple Aaron. Tons of hints in the pf as well. I also mentioned it on FF twice before, prior to previous NF events..
We can discuss it sometimes via skype, over a beer in TO or elsewhere, but I'm not going to talk about it on the public forum. You never know who's reading this..
This info is worth more than all the trading books, ebooks or trading systems you ever care to purchase.. . You know people come here, rephrase/rename few things and claim it as their own, repackage and sell it on the net. No thanks, just ask JIM...
How on earth did you know this was going to happen? I can see individual pairs moving for chart reasons, but this en masse move....that was an amazing call
No, no. no bows please. It's really simple Aaron. Tons of hints in the pf as well. I also mentioned it on FF twice before, prior to previous NF events..
We can discuss it sometimes via skype, over a beer in TO or elsewhere, but I'm not going to talk about it on the public forum. You never know who's reading this..
This info is worth more than all the trading books, ebooks or trading systems you ever care to purchase.. . You know people come here, rephrase/rename few things and claim it as their own, repackage and sell it on the net. No thanks, just ask JIM...
Hi. I shorted the pinbar on G/U Daily last week (pin no.1), breakout pattern + round number. My target is around 1.5500 since this is a breakout trade. The original stoploss was placed above the pin. Yesterday another pinbar was formed, and I move my stoploss above it (pin no.2).
Today after my stoploss was hit the price shoot down. I wonder if my trade management was inappropriate? Please give me some comment. How would you manage it if you were in this trade. Thank you.
most of us (not everybody) from the pf, who know the material would be out (or at least book some profit) when cable hit blue rectangle around 1.58 area.
Those who didn't, would've had stop set @ BE+some at that point.
Until trading conditions return to 'normal', it's safer to trade TPs and reload after retrace, rather than trade and hold..
Hi. I shorted the pinbar on G/U Daily last week (pin no.1), breakout pattern + round number. My target is around 1.5500 since this is a breakout trade. The original stoploss was placed above the pin. Yesterday another pinbar was formed, and I move my stoploss above it (pin no.2).
Today after my stoploss was hit the price shoot down. I wonder if my trade management was inappropriate? Please give me some comment. How would you manage it if you were in this trade. Thank you.
most of us (not everybody) from the pf, who know the material would be out (or at least book some profit) when cable hit blue rectangle around 1.58 area.
Those who didn't, would've had stop set @ BE+some at that point.
Until trading conditions return to 'normal', it's safer to trade TPs and reload after retrace, rather than trade and hold..
Hi. I shorted the pinbar on G/U Daily last week (pin no.1), breakout pattern + round number. My target is around 1.5500 since this is a breakout trade. The original stoploss was placed above the pin. Yesterday another pinbar was formed, and I move my stoploss above it (pin no.2).
Today after my stoploss was hit the price shoot down. I wonder if my trade management was inappropriate? Please give me some comment. How would you manage it if you were in this trade. Thank you.
most of us (not everybody) from the pf, who know the material would be out (or at least book some profit) when cable hit blue rectangle around 1.58 area.
Those who didn't, would've had stop set @ BE+some at that point.
Until trading conditions return to 'normal', it's safer to trade TPs and reload after retrace, rather than trade and hold..
Hi. I shorted the pinbar on G/U Daily last week (pin no.1), breakout pattern + round number. My target is around 1.5500 since this is a breakout trade. The original stoploss was placed above the pin. Yesterday another pinbar was formed, and I move my stoploss above it (pin no.2).
Today after my stoploss was hit the price shoot down. I wonder if my trade management was inappropriate? Please give me some comment. How would you manage it if you were in this trade. Thank you.
most of us (not everybody) from the pf, who know the material would be out (or at least book some profit) when cable hit blue rectangle around 1.58 area.
Those who didn't, would've had stop set @ BE+some at that point.
Until trading conditions return to 'normal', it's safer to trade TPs and reload after retrace, rather than trade and hold..
just following the rules of my system which involves those 2 1hr pbs on my chart
Quote:
; why not, say, 4720
not my system
Quote:
or 4990?..
because fiber is not going to get there this year or next, unless... you believe those funny people from the news page.
BTW, anyone knows why FF took out fade button from the news page...
Whatever..., I'm 75% sure 4840 was the top for this move higher. There are fair size banks' (i think) orders waiting around 4780 as well, kind of like DB no touch
just following the rules of my system which involves those 2 1hr pbs on my chart
Quote:
; why not, say, 4720
not my system
Quote:
or 4990?..
because fiber is not going to get there this year or next, unless... you believe those funny people from the news page.
BTW, anyone knows why FF took out fade button from the news page...
Whatever..., I'm 75% sure 4840 was the top for this move higher. There are fair size banks' (i think) orders waiting around 4780 as well, kind of like DB no touch
just following the rules of my system which involves those 2 1hr pbs on my chart
Quote:
; why not, say, 4720
not my system
Quote:
or 4990?..
because fiber is not going to get there this year or next, unless... you believe those funny people from the news page.
BTW, anyone knows why FF took out fade button from the news page...
Whatever..., I'm 75% sure 4840 was the top for this move higher. There are fair size banks' (i think) orders waiting around 4780 as well, kind of like DB no touch
just following the rules of my system which involves those 2 1hr pbs on my chart
Quote:
; why not, say, 4720
not my system
Quote:
or 4990?..
because fiber is not going to get there this year or next, unless... you believe those funny people from the news page.
BTW, anyone knows why FF took out fade button from the news page...
Whatever..., I'm 75% sure 4840 was the top for this move higher. There are fair size banks' (i think) orders waiting around 4780 as well, kind of like DB no touch
@raczekfx: i have also noticed that pinbar formation on gbp/jpy
HOWEVER, i have a question:
in chart 1 (daily): we can see an obvious pinbar at quite a good location
in chart 2 (4HR): in this chart, there's also a pinbar formation signalling a downward direction
my question is, should we wait for that small downward trend to form first? which, i think will give us a better entry point?
I don't know, that's up to a trader, whatever fits your risk profile. I do both sometimes.
it may break d bar and run all the way up to 142.50 before stopping,
it may retrace (your chart 2 scenario) and zoom back right up,
it may retrace and keep on going south...
@raczekfx: i have also noticed that pinbar formation on gbp/jpy
HOWEVER, i have a question:
in chart 1 (daily): we can see an obvious pinbar at quite a good location
in chart 2 (4HR): in this chart, there's also a pinbar formation signalling a downward direction
my question is, should we wait for that small downward trend to form first? which, i think will give us a better entry point?
I don't know, that's up to a trader, whatever fits your risk profile. I do both sometimes.
it may break d bar and run all the way up to 142.50 before stopping,
it may retrace (your chart 2 scenario) and zoom back right up,
it may retrace and keep on going south...
@raczekfx: i have also noticed that pinbar formation on gbp/jpy
HOWEVER, i have a question:
in chart 1 (daily): we can see an obvious pinbar at quite a good location
in chart 2 (4HR): in this chart, there's also a pinbar formation signalling a downward direction
my question is, should we wait for that small downward trend to form first? which, i think will give us a better entry point?
I don't know, that's up to a trader, whatever fits your risk profile. I do both sometimes.
it may break d bar and run all the way up to 142.50 before stopping,
it may retrace (your chart 2 scenario) and zoom back right up,
it may retrace and keep on going south...
@raczekfx: i have also noticed that pinbar formation on gbp/jpy
HOWEVER, i have a question:
in chart 1 (daily): we can see an obvious pinbar at quite a good location
in chart 2 (4HR): in this chart, there's also a pinbar formation signalling a downward direction
my question is, should we wait for that small downward trend to form first? which, i think will give us a better entry point?
I don't know, that's up to a trader, whatever fits your risk profile. I do both sometimes.
it may break d bar and run all the way up to 142.50 before stopping,
it may retrace (your chart 2 scenario) and zoom back right up,
it may retrace and keep on going south...
I ve watched James video from the Guest Section called "James16 price action video". At the end he was talking about the bearish pin bar on Usd/Chf. And when he was showing the ppz why he didnt mention the previous bullish pin bar low as a ppz but went directly to the lower ppz. Am I missing something ? I just cant get it. Please someone explain me. Thanks in advance.
Most (if not all) videos in the guest section are edited and truncated. They don't contain all the information compared to those in the pf. That could be it.
I ve watched James video from the Guest Section called "James16 price action video". At the end he was talking about the bearish pin bar on Usd/Chf. And when he was showing the ppz why he didnt mention the previous bullish pin bar low as a ppz but went directly to the lower ppz. Am I missing something ? I just cant get it. Please someone explain me. Thanks in advance.
Most (if not all) videos in the guest section are edited and truncated. They don't contain all the information compared to those in the pf. That could be it.
I ve watched James video from the Guest Section called "James16 price action video". At the end he was talking about the bearish pin bar on Usd/Chf. And when he was showing the ppz why he didnt mention the previous bullish pin bar low as a ppz but went directly to the lower ppz. Am I missing something ? I just cant get it. Please someone explain me. Thanks in advance.
Most (if not all) videos in the guest section are edited and truncated. They don't contain all the information compared to those in the pf. That could be it.
I ve watched James video from the Guest Section called "James16 price action video". At the end he was talking about the bearish pin bar on Usd/Chf. And when he was showing the ppz why he didnt mention the previous bullish pin bar low as a ppz but went directly to the lower ppz. Am I missing something ? I just cant get it. Please someone explain me. Thanks in advance.
Most (if not all) videos in the guest section are edited and truncated. They don't contain all the information compared to those in the pf. That could be it.
You don't read/hear about it. When you do, it's already too late...
You pay for the information and then use it to your advantage...
Here's your DNTs double whacks off of 48, each worth almost 100ps
I'll stop right here.... You can have your 1.53 now..
.
Quote:
Originally Posted by supremeChaos
i'll put my analyst's hat on.
i'd love to take u up on this, Sir. (i had this in my mind for months now)
it would just be a friendly fan vs. idol challenge anyway, nothing big. & i love learning.
after several months (i'd look for that particular post i've made), i still believe
fiber is bullish.
that DNT u are referring to (i havent seen/read abt it yet) may get broken of course.
i believe we have not reached this year's top. if we breach 1.49, then it's possible 1.50 - 1.53. am bullish while 1.4450-14550 supports. (i'll review my...
You don't read/hear about it. When you do, it's already too late...
You pay for the information and then use it to your advantage...
Here's your DNTs double whacks off of 48, each worth almost 100ps
I'll stop right here.... You can have your 1.53 now..
.
Quote:
Originally Posted by supremeChaos
i'll put my analyst's hat on.
i'd love to take u up on this, Sir. (i had this in my mind for months now)
it would just be a friendly fan vs. idol challenge anyway, nothing big. & i love learning.
after several months (i'd look for that particular post i've made), i still believe
fiber is bullish.
that DNT u are referring to (i havent seen/read abt it yet) may get broken of course.
i believe we have not reached this year's top. if we breach 1.49, then it's possible 1.50 - 1.53. am bullish while 1.4450-14550 supports. (i'll review my...
You don't read/hear about it. When you do, it's already too late...
You pay for the information and then use it to your advantage...
Here's your DNTs double whacks off of 48, each worth almost 100ps
I'll stop right here.... You can have your 1.53 now..
.
Quote:
Originally Posted by supremeChaos
i'll put my analyst's hat on.
i'd love to take u up on this, Sir. (i had this in my mind for months now)
it would just be a friendly fan vs. idol challenge anyway, nothing big. & i love learning.
after several months (i'd look for that particular post i've made), i still believe
fiber is bullish.
that DNT u are referring to (i havent seen/read abt it yet) may get broken of course.
i believe we have not reached this year's top. if we breach 1.49, then it's possible 1.50 - 1.53. am bullish while 1.4450-14550 supports. (i'll review my...
What all of us must realize that once we have a great understanding of the who, what, where, how and when of a classic A+ trade, other opportunties begin to appear. Just ask the Rac-man and how he got started. The man knows a great location, and I'm sure the J16 way helped him get there.
Thanks Jim,
Jim
lol... you're bad.
I said many times that, but people seemed to ignore they have ears and eyes..
It's been like that and it's going to be like that for centuries for come, who cares..
You don't just watch Jims videos, you look for tidbits of info 'he lets it slip' from time to time in them. It's the info that I read between the lines, that made the difference from me. I haven't just started trading the way I do on my own, I've seen it 'with my eyes closed' in Jims videos.
It could be just a few sec in a lengthy videos he's made that can made the difference for you, but you have to be little more than just a student. I haven't watched videos posted in the guest section, but I'm sure 'the code' is there as well'
In the end, 'only the strongest will survive'.
Enjoy the weekend. No need to trade everyday, if you know the code....
What all of us must realize that once we have a great understanding of the who, what, where, how and when of a classic A+ trade, other opportunties begin to appear. Just ask the Rac-man and how he got started. The man knows a great location, and I'm sure the J16 way helped him get there.
Thanks Jim,
Jim
lol... you're bad.
I said many times that, but people seemed to ignore they have ears and eyes..
It's been like that and it's going to be like that for centuries for come, who cares..
You don't just watch Jims videos, you look for tidbits of info 'he lets it slip' from time to time in them. It's the info that I read between the lines, that made the difference from me. I haven't just started trading the way I do on my own, I've seen it 'with my eyes closed' in Jims videos.
It could be just a few sec in a lengthy videos he's made that can made the difference for you, but you have to be little more than just a student. I haven't watched videos posted in the guest section, but I'm sure 'the code' is there as well'
In the end, 'only the strongest will survive'.
Enjoy the weekend. No need to trade everyday, if you know the code....
Well said Mark. Jim's recent charts will really get people thinking now . . .. Hopefully not too much though.
Jim and Mike's guest videos are very good. One is doing themselves a disservice by only watching them a few times. The code is revealed if you watch them more then 10 times each . . . . but not in one day.
Amen bro !
You just have work a little harder than others at the beginning.
Just one example below I could not resist to take, even though I said to my wife: that's enough for this week..
Pull back to solid (imo) ppz with 61fib confl. with a tiny stop..
I took it in the morning and had to leave for few hours. Just closed this as we're approaching daily ppz.
It feels almost like you're given a free lunch on a golden platter..
Believe it or not, few guys I know shorted, right when we would've gone long. We're not created equal, and that's a bonus...lol
Price will close above previous bars high as a 2-week PB.
Right now it is sitting on weekly ppz, but if it breaks, we'll probably go to 135.
That's if fiber and dj can behave in reasonable manner next week..
Watch Jims video guys again and again, and you won't believe your eyes.
They might just add 5th dimension to your trading..
What all of us must realize that once we have a great understanding of the who, what, where, how and when of a classic A+ trade, other opportunties begin to appear. Just ask the Rac-man and how he got started. The man knows a great location, and I'm sure the J16 way helped him get there.
Thanks Jim,
Jim
lol... you're bad.
I said many times that, but people seemed to ignore they have ears and eyes..
It's been like that and it's going to be like that for centuries for come, who cares..
You don't just watch Jims videos, you look for tidbits of info 'he lets it slip' from time to time in them. It's the info that I read between the lines, that made the difference from me. I haven't just started trading the way I do on my own, I've seen it 'with my eyes closed' in Jims videos.
It could be just a few sec in a lengthy videos he's made that can made the difference for you, but you have to be little more than just a student. I haven't watched videos posted in the guest section, but I'm sure 'the code' is there as well'
In the end, 'only the strongest will survive'.
Enjoy the weekend. No need to trade everyday, if you know the code....
well it aint perfect especially in the large cities but thats true anywhere.
for those of you that actually try to support yourself instead of letting the govmt do it for you paying huge state taxes, no jobs, high living expenses this would seem like heaven to you.
i promise,
jim
I think, I'm packing..
I've been to Austin once many years ago to visit family and found people very, very friendly.
Alamo is quite touching.
That makes three of us...
I always say, If you can change things, start your own things.
Why wait? Ok, give 'em some time to reconsider. If that doesn't work, let's do this right.
Jim, you're a legend here and beyond.
Bandwidth and server space is dirt cheap these days. Broker's adds should cover majority of the monthly expenses and I bet, you won't have any problems attracting them. I just KNOW..
Well said Mark. Jim's recent charts will really get people thinking now . . .. Hopefully not too much though.
Jim and Mike's guest videos are very good. One is doing themselves a disservice by only watching them a few times. The code is revealed if you watch them more then 10 times each . . . . but not in one day.
Amen bro !
You just have work a little harder than others at the beginning.
Just one example below I could not resist to take, even though I said to my wife: that's enough for this week..
Pull back to solid (imo) ppz with 61fib confl. with a tiny stop..
I took it in the morning and had to leave for few hours. Just closed this as we're approaching daily ppz.
It feels almost like you're given a free lunch on a golden platter..
Believe it or not, few guys I know shorted, right when we would've gone long. We're not created equal, and that's a bonus...lol
Price will close above previous bars high as a 2-week PB.
Right now it is sitting on weekly ppz, but if it breaks, we'll probably go to 135.
That's if fiber and dj can behave in reasonable manner next week..
Watch Jims video guys again and again, and you won't believe your eyes.
They might just add 5th dimension to your trading..
well it aint perfect especially in the large cities but thats true anywhere.
for those of you that actually try to support yourself instead of letting the govmt do it for you paying huge state taxes, no jobs, high living expenses this would seem like heaven to you.
i promise,
jim
I think, I'm packing..
I've been to Austin once many years ago to visit family and found people very, very friendly.
Alamo is quite touching.
well it aint perfect especially in the large cities but thats true anywhere.
for those of you that actually try to support yourself instead of letting the govmt do it for you paying huge state taxes, no jobs, high living expenses this would seem like heaven to you.
i promise,
jim
I think, I'm packing..
I've been to Austin once many years ago to visit family and found people very, very friendly.
Alamo is quite touching.
That makes three of us...
I always say, If you can change things, start your own things.
Why wait? Ok, give 'em some time to reconsider. If that doesn't work, let's do this right.
Jim, you're a legend here and beyond.
Bandwidth and server space is dirt cheap these days. Broker's adds should cover majority of the monthly expenses and I bet, you won't have any problems attracting them. I just KNOW..
I know it's too early to salivate but just a thought, shall we get our guns ready and fire them when the enemy as close as you can see whites of their eyes - I like that Bemac
Or at least pull out some pips, the dotted line - price alert and action, blue rectangle ideal first TP . Hmmm...see whta happens really.
You're itching to trade... that's no good..
divergence is really of no help, unless used with the most recent bars..
Hey Rac . . what do think of my trendline? Close enough?
Sorry to be late. I tend to ignore FF more that I want these days and wonder why....
I expected it to go at least to 132.
Oh well, 120ps swings need to be appreciated as well...
Quote:
Originally Posted by jarroo
Good answer sChaos. I believe your right.
The 4 hour (pin-ish) Inside Bar gave me a low risk, confluenced trade. I was at break even at the moment it touched the 133.00 and then it ran.
what do they know, you don't...
p.s. just noticed it's 2009th, next post coming in 2010...lol
I know it's too early to salivate but just a thought, shall we get our guns ready and fire them when the enemy as close as you can see whites of their eyes - I like that Bemac
Or at least pull out some pips, the dotted line - price alert and action, blue rectangle ideal first TP . Hmmm...see whta happens really.
You're itching to trade... that's no good..
divergence is really of no help, unless used with the most recent bars..
Hey Rac . . what do think of my trendline? Close enough?
Sorry to be late. I tend to ignore FF more that I want these days and wonder why....
I expected it to go at least to 132.
Oh well, 120ps swings need to be appreciated as well...
Quote:
Originally Posted by jarroo
Good answer sChaos. I believe your right.
The 4 hour (pin-ish) Inside Bar gave me a low risk, confluenced trade. I was at break even at the moment it touched the 133.00 and then it ran.
what do they know, you don't...
p.s. just noticed it's 2009th, next post coming in 2010...lol
vgOhhhh here comes the real phoenix.glad to see your posts sir.I was in this one also but got out at a little loss I did not believed in it. btw what's your take on yen crosses.Thanks.
You shouldn't taken any loss on cad unless 1.02 got broken. Today was going to be the day and it was...
Yen? I've been holding long bag for the last 6 days. I'm hoping it goes up a little more... just a little more. I'll be closing tonight regardless...
nice one Rac sir!! clean and simple how it should be!!
jon
i missed the gb/cad break out also!!
g/cad was good too.
Just finish chatting with a trader friend. That guy on the other side of skype traded u/cad @ $100/ps and is still holding full pos.
I'm jealous, as I'm nowhere near that level....
Can you please show me the setup on that EUR/USD chart you put down? I dont see any signs at all, just a straight drop. What did you see to make you sell?
I used similar technique to what Jim have shown you guys back a few days ago.
Combination of price exhaustion around good ppz, or psychological area with tight stop. In case of fiber I had a hard stop @ 1.5015.
It was exactly the same case with aussie and kiwi...
I know many people here were critical of Jessie L, but I picked up some tidbits of ideas from the way he traded and applied to my own..
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EDIT:at least we had the same trend lines!!! heheh
did that aid in your trade?? i.e. the break
another thing i have noticed is that i dont see any stop loss orders??
TL was my TP.
I only use MT4 for charting purpose. When I pull the trigger on my platform, I switch to mt4 and place exactly the same trade to have a visual reference (archiving purpose). They're usually few pips behind real trade. Sometimes I don't have time to apply stops on mt4, but there always there when I trade. I keep them few pips below/above swings and ppzs.