james16 Chart Thread

PippingMama · #**47581** Nov 4, 2009 9:21pm

This is my plan to do a blind short the EURGBP at 0.9000 level. I will use 25pip stop.

Reason to short:

1. Trendline
2. 61.8% retracement level.
3. Weekly chart still bearish

Final target could be 0.8820 level.

I miss the chance to short it at 0.9070 area, (price only reach 0.9061), hope I can catch the fall again.

All comments are welcome.

Thanks!

PippingM

Dan Gilbert · #**47582** Nov 4, 2009 9:53pm

Quote:

Originally Posted by PippingMama

This is my plan to do a blind short the EURGBP at 0.9000 level. I will use 25pip stop.

Reason to short:

1. Trendline
2. 61.8% retracement level.
3. Weekly chart still bearish

Final target could be 0.8820 level.

I miss the chance to short it at 0.9070 area, (price only reach 0.9061), hope I can catch the fall again.

All comments are welcome.

Thanks!

PippingM

I spotted this one a while ago... jarroo helped steer me to that .9000 round number... Seems very solid to me for a touch sell...

Some reference:

http://www.forexfactory.com/showpost...ostcount=47250

http://www.forexfactory.com/showpost...ostcount=47252

Dan Gilbert · #**47583** Nov 4, 2009 9:59pm

Quote:

Originally Posted by Dan Gilbert

I spotted this one a while ago... jarroo helped steer me to that .9000 round number... Seems very solid to me for a touch sell...

Some reference:

http://www.forexfactory.com/showpost...ostcount=47250

http://www.forexfactory.com/showpost...ostcount=47252

NOTE: you will see I was thinking we were heading to .8800 but you will also notice the .9000 drawn on the charts....

dmc · #**47584** Nov 5, 2009 12:13am

that upper decki from Hidecki is givvign that yen a push.

Yankees ...27

mbqb11 · #**47585** Nov 5, 2009 12:14am

Quote:

Originally Posted by mbqb11

eur/jpy

worked out nicely stalled right where expected. Simple what James teaches

mbqb11 · #**47586** Nov 5, 2009 12:33am

Quote:

Originally Posted by dmc

that upper decki from Hidecki is givvign that yen a push.

Yankees ...27

dengzhi · #**47587** Nov 5, 2009 12:42am

Quote:

Originally Posted by mbqb11

worked out nicely stalled right where expected. Simple what James teaches

Mike,
you adjust your position size according to your level of confidence in the trade right?
on that one did you do a full percent or half percent or what?

and on that particular trade were u around 1:1RR? about 50 pips SL, 50 pips TP? assuming u entered on break of the pin

thanks,
DZ

mbqb11 · #**47588** Nov 5, 2009 12:53am

Quote:

Originally Posted by dengzhi

Mike,
you adjust your position size according to your level of confidence in the trade right?
on that one did you do a full percent or half percent or what?

and on that particular trade were u around 1:1RR? about 50 pips SL, 50 pips TP? assuming u entered on break of the pin

thanks,
DZ

I risk 1% on this trade based on a 90 pip stop and took 45 pips on this giving me nearly .5% return. My stops are normally above the bars, but depending on the situation my stop might be a bit lower giving me a higher position size.

R:R changes trade to trade , doesn't really matter to me, each is situational

Hope that helps

Mike

glyder · #**47589** Nov 5, 2009 1:18am

Quote:

Originally Posted by Dan Gilbert

My short has been activated on this pair....

Also +50pip on CADJPY sell so far.... looking @ 84.50 as first T/P, and spot for moving stop to B/E...

I just need to note that this thread is the first thing I have ever seen as far trading is concerned that has worked. It always seemed like everything else I used was completely WRONG and never worked properly... Now it seems like everytime I place a trade, it always goes the direction I traded in... Although sometimes it does turn back, my skills are still being perfected as far moving...

lovejoy80 · #**47590** Nov 5, 2009 1:56am

Stops moved to BE as first target areas hit...

mbqb11 · #**47591** Nov 5, 2009 1:58am

Quote:

Originally Posted by lovejoy80

Stops moved to BE as first target areas hit...

nicely done LJ

james16 · #**47592** Nov 5, 2009 2:11am

I wonder sometimes how many of these i have missed over the years? i just didnt spot them as they quickly got buried.

I love it when i dont miss them, i can tell you that.

im thrilled things are going a bit easier for you dan.

now all you have to do is play the same game for a year or two (learn the game by playing the game) and you will have a real chance of making it.

Quote:

Originally Posted by Dan Gilbert

My short has been activated on this pair....

Also +50pip on CADJPY sell so far.... looking @ 84.50 as first T/P, and spot for moving stop to B/E...

I just need to note that this thread is the first thing I have ever seen as far trading is concerned that has worked. It always seemed like everything else I used was completely WRONG and never worked properly... Now it seems like everytime I place a trade, it always goes the direction I traded in... Although sometimes it does turn back, my skills are still being perfected as far moving...

lacika · #**47593** Nov 5, 2009 4:40am

Quote:

Originally Posted by mbqb11

OK, you just use the close. But Artov still has divergence on his chart. As long as your oscillator is doing opposite of price no matter what oscillator you use it is technically diverging

Mike

Sorry, to interupt here, (looks I have too much time lately), but what advantage do You get from a div comparing bar low points and RSi on closing points?
If you use low-low, or close- close, than there is a possible info with value.
(But I think to understd what happens more important than this.)
NL

lacika · #**47594** Nov 5, 2009 4:48am

Quote:

Originally Posted by benji533

That is the way I look for div anyway.

So You use Your brain. Not accept anything for granted. Work out the MM, and Psych areas, and soon You will get there at Your AIM. Just think and try.

NL

james16 · #**47595** Nov 5, 2009 5:22am

Congrats to mike and his yankees.