GBD got smashed last night despite the rate rise.the rise was built into the price so be careful shorting.The big boys have been taking profits and are probably already starting to accumulate/buy.Just my opinion 
james16 Chart Thread
- #141,148
- Edited 11:13am Nov 4, 2017 10:16am | Edited 11:13am
This group had given me so much and I want to give back. It was a great group back when I had joined in early 2009 and it's so sad that all of those good people had gone. I see many new folks here struggling and I want to try and help them as much as I can. I'm about to make a webinar (I guess it would be for beginners), to show them my trading concepts, which are all around j16 stuff, I still don't know when I will do it and I will need a minimum of 10 people to want it, if you want to be part of it, please PM me with the following data: 1. Your...
I would be very glad to participate in your webinar and exchange experiences. I am from Uzbekistan and got acquainted with trading five and half years ago. Up to now what I realised is that PA trading is not just formation of bar(s) and trade them. We have to consider things like (up/down)trend, horizontal lines, FTA (first trouble areas), key support/resistance areas.
I see and have been observing for two years, that, in this thread many traders trade only formation of PA. It is not correct. We should trade PA bar signal at horizontal lines according to trend if we want decent profits like 2-4Rs per trade. Of course, there are exceptions like, we can (but in most cases not advisable) take counter trend PA signals ONLY at key support/resistance areas.
profitable trading does not mean trading everyday
- #141,149
- Edited Nov 5, 2017 2:22am Nov 4, 2017 12:04pm | Edited Nov 5, 2017 2:22am
Here is how I see the market. I only take PA signals at levels and along with the current trend. As you see in one instrument there is averagely one or two setups in a month worth trading. For example, if you constantly follow 5-7 pairs, it will be 5 setups in a month. Now imagine, if even 3 setups works out of 5, it will be 4-5% growth in your balance (if your target is 2R per trade and each time you risk 1% of you balance). I think it is how professional traders constantly make money in the market over years. 
profitable trading does not mean trading everyday
- #141,150
- Nov 5, 2017 3:30am Nov 5, 2017 3:30am
{quote} Hi Jacob, I would be very glad to participate in your webinar and exchange experiences. I am from Uzbekistan and got acquainted with trading five and half years ago. Up to now what I realised is that PA trading is not just formation of bar(s) and trade them. We have to consider things like (up/down)trend, horizontal lines, FTA (first trouble areas), key support/resistance areas. I see and have been observing for two years, that, in this thread many traders trade only formation of PA. It is not correct. We should trade PA bar signal at horizontal...
If you will do this, you will be ahead of 95% of the traders out there.
Kudos for you richadi36
Best,
Jacob
- #141,156
- Nov 6, 2017 1:09pm Nov 6, 2017 1:09pm
1. Weekly BEOB on GBP/NZD. It is through the 1.9000 BRN, which has acted as S&R in the past. Also through the 150 EMA, and there is divergence as well. 2. Also, the USD/JPY appears to have popped up through 114.50 during Kuroda's speech last night, but it couldn't stay above there. As of right now it's looking like it could be a pinbar through 114.50 on my daily chart. 114.50 has provided recent resistance (triple-top) and has confluence with the 61.8% fib retracement of the down move that went from Jan-Sept. Any thoughts on either of those? {image}...
Hello relyt,
I like your trades. My entry are very similar, what do you think about it?
- #141,159
- Nov 8, 2017 4:20am Nov 8, 2017 4:20am
- Joined Jun 2013 | Status: Trader | 1,732 Posts
Hi guys, im' writing after a while. Always one of the best thread on the web. What do you think about NZDJPY? I have a sell limit order: {image}
