james16 Chart Thread

My Limit is set at the Weekly Pivot, and whatever is left, will run to 1.9520. Already took some profit at 50.

Thanks for the tip Habeeb

what makes you think 9520 . I know that the high is 9696 and the average daily movement for the gbpusd between the high and low is 138 pips with a more frequent area of 120 pips. I was thinking 9576. Just what to pick your brain and learn

Mate, I've been in for hours! ....Since around 01:00 GMT! lol

Shorted that lot at 232.64. (Pin on the 15 Min)

Just shorted the 150EMA on the 15Min and grabbed and locked another 20 odd pips!
...whew...That was greed there. I think. I didn't really think about that then.... I just "pulled the trigger" when I seen the setup!! ha haaaaah<shhhh>

...I'm tellin' ya. I'm in the zone today!!

Grabbed another at 232.94 on a limit order for the same reason you talked about a few posts back. Just behind the 61.8% fib.
Thought I missed out earlier, but it hit the order later on. ...I was naughty... I wasn't waiting for a confirming bar . I just like to have an order sitting there when I think we have a reversal pattern. Like you said , it's got a closer stop on it anyway.

Took 50 Pips profit on the first lot (set when I went to go visit a good mate and his family a couple of hours ago) ....stoked it's all locked in profit when I got back!!! LOL

Right now I have the "61.8 retracement" lot on break even stop (inc. spread) now and it's looking pretty sweet!

...I don't know what to do now . Originally the plan was to take a lot off at the 38.2% (231.79) , but the choppy market earlier has my brain working too hard. heh heh

My well thought out plan went AWOL , but this time I got away with it!

Actually... ...I'm going to set my final target to that 38.2%/Support Confluence area from the original plan.

After aborting my Cable long trade earlier, the ole account's got a healthy dose today. ....bewdy!

,Bundy</shhhh>

We've got a Mouteki sell signal. Unfortunately, I never enter according to the rules. Will enter on a retrace to the 1.9650 area.

You go boy

another good way to wake up, hasnt hit my target yet still holding

looks like the late night crew did well


Mike

Don't think I have any of that "Go" left. :

I'm knackered. Time for bed...

Too busy tomorrow to trade too. ....damn XMAS break-up BBQ.

Beers, BBQ, Sun....

hmmmm.... ....actually, that's a good thing! Heh heh heh

...Best of luck and good trading for the NY Session people.

Cheers,
B

bundy and habeeb go get some SLEEP! i swear i wasnt dreaming about charts really i wasnt

ill take the wheel from here lol, got cad news to trade in a bit

GO TO BED

Habeeb

You must find Mouteki fairly accurate when you use your entry levels?

That was my expected low for a right shoulder of an inverted head-n-shoulders that could possibly form on the blue trendline.

Yeah ... right!:
What you mean "go to sleep". It's only about 3pm here. Time for lunch ... hmmm ... that's a good idea.

looks like usd/cad is having trouble at the 1.1500 mark and has a few barriers there im in short with a stop of about 10 pips for a big target in at 1.1499

please be careful with this, red news at 830 among other, i like what i see technically to get in with a 10 pt stop

haha oh whoops i always thought this was about your time to go to sleep

well looks like u live in the best place to trade the euro and us session! lucky u

You know, for a "2 line" method, Mouteki Method is extremely good. Pity the man wasn't given a chance to do what he wanted to do in his thread. Too many questions being asked before the guy could complete teaching his method. So I tested Mouteki with the Jim's stuff in the PF and saw how effective Mouteki really is. His projected targets are almost always met. But
I don't go for the very last pip of the projection. You've got to use your discretion, 'cos there's always some sort of support or resistance gonna come in the way.
I don't trade Mouteki very often. I prefer the pice action stuff, and at the moment, that Mouteki sell signal is a BeOB on the Daily Pivot and off the 61fibo of yesterday's range. I think this trade can go all the way.

Take Care
Habeeb

I don't understand the reason for shorting the GBP/USD? mbqb11, could you maybe help me understand the reasoning for this trade? I have been looking at this working to understand it. Is it because of the daily BEB at resistance? Or are you really familiar with the GBP/USD's behavior?

hey ciph,

check the ret of yest on the charts back to the 38.2 exactly price action on that, I used the 15 mins for that entry. Also keeping in mind the 4 hr and daily. I went long orginally was up a bit, closed at +8 because, my plan going into the session was to think SHORT.

Hope that helps,
Mike

make sure ya'll check the news page a lot coming out at 830 eastern

Best,
mike

target hit on the GBP for +90 will look for another re-entry after the 830 news cluster passes

Mike

The 15 min/30 min is where I get it now. Thanks