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- TotalNewbie replied Aug 20, 2009
I hope you people can help me out here. I agree that that charts you posted make it look simple BUT I couldn't get up the courage to enter the cable trade due to the traffic on the left (see my blue highlighted area). I thought that the last pb ...
james16 Chart Thread
- TotalNewbie replied Jul 26, 2009
USDCAD — Not much of a PB but it is a double bottom. What do you guys think?
james16 Chart Thread
- TotalNewbie replied Jul 13, 2009
Thanks for the help. The R:R alone is enough to rule it out I think. I was thinking of entering if it broke hard clear of 1.62 but I'll sit this one out. It'll probably go to the moon now lol but its better to be out of a trade wishing I was in than ...
james16 Chart Thread
- TotalNewbie replied Jul 13, 2009
Cable pin — What do you think of this pin on the cable daily? A clear rejection of 1.6, currently sitting just above 1.62. Could it go up to the previous bar highs around 1.635 or even the 365EMA at around 1.64? I know its currently stuck in a ...
james16 Chart Thread
- TotalNewbie replied Jun 28, 2009
I've done that tour, many years ago with my wife when we were in the US on holiday (before we had kids and could still do long haul destinations). You're right, its a great way to see the island.
james16 Chart Thread
- TotalNewbie replied Jun 26, 2009
Man, this is why I love this thread. There are so many experienced people out there who are willing to help us newbies without shooting us down and making us feel like s**t. God bless you all.
james16 Chart Thread
- TotalNewbie replied Jun 25, 2009
USDJPY — Spotted this mini pin on the daily. Not at a major swing high but good enough to signal a continuation south? What do you think ppl?
james16 Chart Thread
- TotalNewbie replied Jun 25, 2009
Almost spot on! I was aware of the same TF issue but I wanted to wait for 1.64 to be broken before entering. Again, this is probably a confidence thing. I just wanted to be absolutely sure before I pulled the trigger. I had 1.635 as the first minor ...
james16 Chart Thread
- TotalNewbie replied Jun 25, 2009
Thank you so much for th eencouragement. It's good to know that even the pros were where us newbies are once. I took the cable pin today and placed my stop at the top of a 4h bar. Got out with 40 pips at 1:1 R:R. I know its not much, but its better ...
james16 Chart Thread
- TotalNewbie replied Jun 24, 2009
Hi Jim, Thanks for the encouragement. Here are the charts. On the aussie, I waited for the price to clear the potential trouble spot around 0.7865. I had my first TP around the blue area corresponding with the previous bar lows and the fib. However, ...
james16 Chart Thread
- TotalNewbie replied Jun 23, 2009
Thanks. What you say makes perfect sense, especially as the bar is not much of a pin to start with. Just the kind of advice I was looking for
james16 Chart Thread. This thread is full of helpful people. A real goldmine for us newbies!
- TotalNewbie replied Jun 23, 2009
EUR/GBP — Not much of a pin but the move north stalled exactly where I expected (thin blue line). Would be trading down into some traffic (thick blue line) but it is with long term trend and has potential if it can get past the traffic. Any ...
james16 Chart Thread
- TotalNewbie replied Jun 23, 2009
Stopped at BE again
james16 Chart Thread, still that's 2 BEs in a row off the 4H and a lot better than my results before I found this thread.
- TotalNewbie replied Jun 23, 2009
AUD/USD — Anyone else in this? Stops at BE cos I know it doesn't have far to run 'til the first potential sticking point around 7900. Still, its a free trade now so lets see what happens...
james16 Chart Thread
- TotalNewbie replied Jun 23, 2009
As an English speaking person, I can tell you that the f**k word is not nice to see in polite forums like this. I guess that is what he's referring to.
james16 Chart Thread
- TotalNewbie replied Jun 22, 2009
Got taken out at BE (not helped by the 8 pip spread from my broker). Still, a BE is a winner and we live to trade another day.
james16 Chart Thread
- TotalNewbie replied Jun 22, 2009
I'm in GBP/CHF. Stop at BE. TP around 1.7725 assuming it can get through 1.7785
james16 Chart Thread
- TotalNewbie replied Jun 22, 2009
Cable — I'm looking for excuses to go short here cos it seems very reluctant to go over 1.65. Should I consider this as a PB or treat it as an IB, or maybe something else. Any thoughts, suggestions welcome to a newbie!
james16 Chart Thread