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mbqb11 replied Oct 20, 2007Hope you are feeling better Soultrader, take care of your health it is the most important thing Best Mike
Soultrader's Clinic :)
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mbqb11 replied Oct 15, 2007For me everything is risk reward. And trading within such a tight range limits my reward. So I simply pass on those type of range bound trades. Like I always say, it isn't that they don't work or aren't good for some pips. But they just don't fit ...
james16 Chart Thread
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mbqb11 replied Oct 15, 2007I would send James a PM. I believe(don't quote me here) that he accepts Western Union as an alternative. Mike
james16 Chart Thread
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mbqb11 replied Oct 15, 2007Timeframe plays a huge part in what I am doing. I think we all know that you can have an uptrend on the 1hour and a downtrend on the daily. I never said anythign about not wanting/looking for market corrections. I simply said trying to find a long ...
james16 Chart Thread
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mbqb11 replied Oct 15, 2007apologies then wiz I just couldn't read that one out
james16 Chart Thread
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mbqb11 replied Oct 15, 2007I don't know what the point of this is. If you want me to say that holding on to losers and having 1000% gains in a few months is unrealistic and a way to blowup. Then sure I will be the first. If you want me to tell someone what do with their ...
james16 Chart Thread
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mbqb11 replied Oct 15, 2007chop chop chop
I took a loss on that one...no wonder I haven't traded that pair in awhilejames16 Chart Thread
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mbqb11 replied Oct 14, 2007yep so I search for longs now, as well as after corrections Sometimes you see opportunities for corrections such as a beauty of a pinbar at the end of a long run. But from my experience when we have moves that are just never ending such as the CAD ...
james16 Chart Thread
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mbqb11 replied Oct 14, 2007I wouldn't search for any shorts until this TL is broken Until then I search for longs, and if i miss an opportunity b/c of a correction it does not bother me Best Mike
james16 Chart Thread
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mbqb11 replied Oct 14, 2007Aud is strong. So I continue to look for plays with the trend. If we correct, and I miss the correction I could care less. The idea is if I stick with the longer term trend that is like this I search for longs(in the case of Aud/usd). If my entry ...
james16 Chart Thread
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mbqb11 replied Oct 14, 2007for all i know we are at a bottom here, but I just see no reason to trade to the long side when the chart looks like this Just my opinion stay safe all
james16 Chart Thread
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mbqb11 replied Oct 14, 2007I have been trading this pair quite a lot lately especially intraday. I see no reason to try to pick a bottom yet Just zoom out, picking bottoms here can be dangerous on a pair like this(ie like the loonie also)
james16 Chart Thread
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mbqb11 replied Oct 14, 2007It isn't much more then reading the price action. If the market doesn't advanced as expected(I don't mean it goes shooting through), But if my entry is barely hit, and then price just sits there for a few days, I have to decided if it is worth ...
james16 Chart Thread
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mbqb11 replied Oct 14, 2007Yes I look for confirming PA, but with less of a strict criteria. I look to find PA after a breakout and then see momentum. So if we have a breakout on the daily and we get an IB and then the IB breaks our way but for a few days price kind of chops ...
james16 Chart Thread
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mbqb11 replied Oct 14, 2007both are great, must reads. If were talking about "finance" books; I have to say the Rich Dad Poor Dad (first few books) I read them a long time ago when I was young(well I am 23 but I think I was 15?). They really got me interested in the whole ...
What is your favorite financial book?
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mbqb11 replied Oct 13, 2007Here is another such case of your so called "facts" You state all these FACTS that are simply not facts. B/C the breakout trader you were only yielded a 30% success rate, doesn't mean other breakout traders will fall in the same boat. Why not just ...
Soultrader's Clinic :)
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mbqb11 replied Oct 13, 2007it is laughable that b/c YOU failed at using something, that others will as well Show me where it is a proven fact fibs are bollocks. So if you blow up again trend trading will that fall into this category? Experience should have taught you at least ...
Soultrader's Clinic :)
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mbqb11 replied Oct 13, 2007so unreal man.... To keep your cool like this is impressive. You are a great guy Mark, and an even better trader. Why people want to chase away those that have knowledge is beyond me.
Jacko's P&P Trend Trading Method