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benji533 replied Aug 25, 2009Here is a nice simple setup. Double bottom, divergence, Pin bar. Didn't take it because: not off big round number, against the trend and the pin is a puddle (although I like it because it just rejected a smaller round number, and closed above it. ...
james16 Chart Thread
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benji533 replied Aug 25, 2009[quote=TiaForex;2989978] Thanks Aron, I'll sure check his post history ( I have a list now..lol)
Benjames16 Chart Thread
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benji533 replied Aug 25, 2009Hi Cyrus, Thanks for your comment. First, for the idea of combining daily and 4H trends. I have replied to Joel about this, but I want to sharp it a bit. Mainly I do not like to combine time frames because I like everything simple, plus I do not ...
james16 Chart Thread
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benji533 replied Aug 25, 2009[quote]That can be a good idea. I remember I have a PDF on this. I will consider practicing it
Yea..I also see the big advantage of IBs referring to the R:R issue. That can be another good option. But personally I have decided to take it step by ...james16 Chart Thread
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benji533 replied Aug 25, 2009wow Joel I appreciate your comment. That is quite interesting. I always thought it may have something with the human natural psychology of being simple, round..or absolute? I mean. every time when we think about something in our daily life, we use ...
james16 Chart Thread
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benji533 replied Aug 25, 2009Hey thanks for the comment bro! By the way, I am saving a log of all my trades. As long as I have a plan, reasons, knowledge of support, resistance and price action, I am never wrong. I save a log of all my trades in separate folders, with my ...
james16 Chart Thread
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benji533 replied Aug 24, 2009Update — Didn't have any trades today...boring charts, so I went out most of the day. Here is an update to this breakout trade, which I am carrying from last week. This is a clear pattern IMO, broke that heavy support area, pulled back and ...
james16 Chart Thread
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benji533 replied Aug 24, 2009wow...sounds good to me. Especially if you can get once in a few months a very long trade like you have showed in one of your guest area videos (introduction to pin bars)
Benjames16 Chart Thread
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benji533 replied Aug 24, 2009By the way, I like these breakout trades because they have a large R:R ratio. I love jim's style, but the only thing that bothers me, is that he takes very short trades. He can allow himself to do so because he has a large account I ...
james16 Chart Thread
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benji533 replied Aug 24, 2009Yea, I hope for a pullback and then any clear PA setup. In this case, I prefer a bullish PA, but I will also take a bearish if it will be clear. It can be traded to both sides IMO. One can be a breakout trade, which I will give space and try to ...
james16 Chart Thread
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benji533 replied Aug 24, 2009Hi dmc, Nice trade, congratz
With the strong trend, and off a round number, I think it is a good location. Didn't noticed it, but still even if I would saw it, I wouldn't take it because the length of the PB' nose is relatively very ...james16 Chart Thread
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benji533 replied Aug 24, 2009Shame on me for not taking this trade (I do not really regret
I followed my rules...never a bad thing to do..I guess..). Maybe I will get another chance...only if a A++ bar will form, as I like. This time I will get in because: - looks like the ...james16 Chart Thread
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benji533 replied Aug 24, 2009Hi Cyrus, I am glad to see a post on this one, cause I was looking at it as well. Eventually I didn't take it, most of the reasons you and mike already gave: 1. Relatively small bar next to a sharp move, to quote mike "it's like trying to catch a ...
james16 Chart Thread
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benji533 replied Aug 23, 2009Cool
Thanks squeezy. Just read all Mike and Jim posts, it's only them. Here is one I was monitoring last week, but didn't take. It isn't the best example...I hoped it will squeeze a bit more. Benjames16 Chart Thread
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benji533 replied Aug 23, 2009Ohh got you about the SNB (: The 1.06 is my current PPZ where my orange line is placed. These round numbers do not always line up perfectly with the major PPZs, but because I am looking for a pullback to form, that is the most reasonable place IMO, ...
james16 Chart Thread
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benji533 replied Aug 23, 2009Hey mac, To be honest, I draw these lines a while ago hoping to see a nice breakout pattern down + pullback. But now when I saw this divergence I got an other direction of thinking. It still can be a breakout trade, but I will take it only if a ...
james16 Chart Thread
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benji533 replied Aug 23, 2009USDCHF daily — Hey folks, I was just scanning my charts and found this pair interesting. Basically I would like to play a breakout of this consolidation area, but considering this strong divergence and the not very clear trend, I will skip it. ...
james16 Chart Thread
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benji533 replied Aug 22, 2009Thank you supreme for this post. I appreciate it
And yea, ghous knows what I am talking about
It is encouraging too see where he got to. Great job ghous! Benjames16 Chart Thread
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benji533 replied Aug 22, 2009hey, thanks. MLMs are not schemes, they are completely legal. I have been marketing an Israeli lottery company...even done quite well. I was advertising myself and spent time with potential leads over the phone - but guess what....no one in my team ...
james16 Chart Thread