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benji533 replied Aug 18, 2009Hi Mike, Thanks. I will tell you this...I do not trade anything under the 4H (rarely I look at the 1H, but mostly for finding better entries for breakout trades AFTER I MADE MY ANALYSIS ON DAILY OR 4H ONLY). That is simply because I have tried it on ...
james16 Chart Thread
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benji533 replied Aug 18, 2009Hey Eclipse, I think 5 min chart is too hard. I can say personally, even if I will do it for 50 years, it will be hard for me to see 3% of my account blown by a 10 pip move. This is true only theoretically...for me at lest. Making super fast ...
james16 Chart Thread
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benji533 replied Aug 18, 2009GBP\NOK — Anyone looks at those exotic pairs? Why not trading them? A chart is a chart, PA is PA, isn't it? Here is a trade I am considering to take if the current bar will close as a pin (like it is now). with the trend, very clear PPZ ( also ...
james16 Chart Thread
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benji533 replied Aug 18, 2009Hi, Personally I love your posts. They helped me. Thank you. Just a thought on your last post - maybe trailing stops strategy (Mike has a few) will be the solution for maximizing profits and cutting the loosers. I'm currently back testing it. I'm ...
james16 Chart Thread
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benji533 replied Aug 18, 2009Hi everyone, I must admit I was thinking on this subject yesterday for a long time..I thought maybe to make a post. I would be more than happy to hear other opinions about my thoughts. Lets say I am a very experienced trader which made his way down ...
james16 Chart Thread
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benji533 replied Aug 18, 2009Still on that trade?! WOW...good for you buddy
Benjames16 Chart Thread
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benji533 replied Aug 17, 2009Great post ghous! I miss many winners because I am a bit more picky. But I prefer just watching a winner go without me instead of getting a looser that I wasn't comfortable with from the first place. It is obvious that if you have more trades you ...
james16 Chart Thread
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benji533 replied Aug 17, 2009Hey...sorry, missed your post earlier. I use MT4 as well. Ben
james16 Chart Thread
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benji533 replied Aug 17, 2009Update — The pullback to the previous support is almost done. Lets see if I can get any bearish PA confirmation on that line
I do not have any EMAs or fibs that line up with that orange line...however I have confidence in that level to be ...james16 Chart Thread
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benji533 replied Aug 16, 2009ok! I will do it! I will do it....tomorrow! lol
Almost morning here...I rather go to sleep now. Thanks for the reply though. Benjames16 Chart Thread
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benji533 replied Aug 16, 2009Yea, I know the difference technically. I will try to say it different. Why do they work better? ok, the X previous bars are larger....why does it make difference or have larger quality than regular IBs without a bunch of larger bars before? Ben
james16 Chart Thread
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benji533 replied Aug 16, 2009Hi Mike, Great to hear that. I will diffenetly be interested. By the way...can you please explain why is there a big difference between I4B and regular IBs? Just curios about the logic behind it. Thanks, Ben
james16 Chart Thread
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benji533 replied Aug 16, 2009I took this one at the break of the pin. Extreme swing low of all times, nice looking pin, strong divergence. I like it
Hopefully it will run for the long term. Benjames16 Chart Thread
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benji533 replied Aug 16, 2009LOL just edited that post for people that can get me wrong. I meant to say a combination of their styles.....but being a good trader like them will be quite hard I think
lol Thanks bro! take care
Benjames16 Chart Thread
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benji533 replied Aug 16, 2009BTW I am looking tightly at the USDCHF. I think it can be very interesting when it will break. In the meantime I am looking for trades off the tunnel edges with PA confirmation like James does. Ben image
james16 Chart Thread
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benji533 replied Aug 16, 2009Glad to hear that. Actually I got this kind of thinking and viewing the charts from Mike. I love his style
Lets see what we can get out of this pair
Benjames16 Chart Thread
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benji533 replied Aug 16, 2009AUDZND daily — Is anyone monitoring this one? It broke the support eventually. I am interested in going short if I will see a good entry. Ben image
james16 Chart Thread