Still doing it..
I didn't take that pin. Sometimes when I get a pin I like to pull up a quote and just watch the price.
The chart cannot talk to you like the price does even though it reflects it. That is what I find anyway.
- #7,101
- Oct 18, 2007 1:54pm Oct 18, 2007 1:54pm
- | Commercial User | Joined Jan 2007 | 1,442 Posts
I didn't take that pin. Sometimes when I get a pin I like to pull up a quote and just watch the price.
The chart cannot talk to you like the price does even though it reflects it. That is what I find anyway.
- #7,102
- Oct 18, 2007 1:55pm Oct 18, 2007 1:55pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Trust price. Know yourself.
- #7,103
- Oct 18, 2007 1:57pm Oct 18, 2007 1:57pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #7,104
- Edited 2:12pm Oct 18, 2007 2:02pm | Edited 2:12pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Price spikes up above the 1.4282, then comes back down to the line. Bouncing back up.... 1.4282 now support ???
Tiki, you are wayyyyyyyyyyyyyyyy too hyper
Have a look at the 4h for a weak s/r that should stand out to you, what on earth are you doing on the 15m...
There'll be a retrace or there won't, don't be too overeager..
Off to shower...very curious as to what will happen with GPBUSD(evil 4h PB at high connecting TL)...I can't see raczekfx killing cable again, but then he's gone done it sooooooo many times before, he's got practice in huffin' n puffin the cable house down ;p
Let's see how much breath he's got left ;p
Trust price. Know yourself.
- #7,105
- Oct 18, 2007 2:08pm Oct 18, 2007 2:08pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
Don't worry... I hardly EVER look at 15 min charts !!! But if there was going to be retrace, it might well have been underway by now. But instead it so far has bounced off the 1.4282...
And actually I don't want GBP down again... or at least lets get a move on, one direction or another...
And actually I don't want GBP down again... or at least lets get a move on, one direction or another...
Tiki, you are wayyyyyyyyyyyyyyyy too hyper
Have a look at the 4h for a weak s/r that should stand out to you, what on earth are you doing on the 15m...
There'll be a retrace or there won't, don't be too overeager..
Off to shower...very curious as to what will happen with GPBUSD(evil 4h PB at high connecting TL)...I can't see raczekfx killing cable again, but then he's gone done it sooooooo many times before, he's got practicin' huffin' n puffin the cable house down ;p
Let's see how much breath he's got left ;p
- #7,107
- Oct 18, 2007 3:23pm Oct 18, 2007 3:23pm
- | Commercial User | Joined Jan 2007 | 1,442 Posts
Three bar low with the last bar being an IB4.
The price action occurs at a major PPZ (look on weekly timeframe to see this clearly)
I'm not taking this short as I am starting to hate daily bars
If you decide to, update us all and all the best.
Wiz
The price action occurs at a major PPZ (look on weekly timeframe to see this clearly)
I'm not taking this short as I am starting to hate daily bars
If you decide to, update us all and all the best.
Wiz
- #7,108
- Oct 18, 2007 9:03pm Oct 18, 2007 9:03pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
I've set limit buy 'around' 1.6666...
If carry unwind tomorrow, price won't stop there, but there is always a chance of a good bounce off this confluence...
If carry unwind tomorrow, price won't stop there, but there is always a chance of a good bounce off this confluence...
- #7,110
- Oct 18, 2007 9:40pm Oct 18, 2007 9:40pm
- Joined Jul 2006 | Status: Trader | 4,090 Posts
I've set limit buy 'around' 1.6666...
If carry unwind tomorrow, price won't stop there, but there is always a chance of a good bounce off this confluence...
Until it gets there, look for some good opportunities to sell as it hits and bounces of the top of the channel thats been created. That's what I've been doing. I think there is a solid chance of at least some kind of bounce right where you mentioned with the exact reason that you've shown. That is my first take profit and the other doesnt really matter as I will be at BE on it anyways.
I dream, therefore I become.
- #7,111
- Oct 18, 2007 10:57pm Oct 18, 2007 10:57pm
- | Joined Sep 2007 | Status: Keep learning | 54 Posts
I've set limit buy 'around' 1.6666...
If carry unwind tomorrow, price won't stop there, but there is always a chance of a good bounce off this confluence...
I would love to see that level before we move back up again but I wonder if we will get that far down. There is fib confluence around 6680, along with a PPZ, and we have already bounced 3 times on the 4 hr chart around that area. Just offering another view point. I don't want to miss this trade. Good uptrend here. I will attach a chart.
- #7,112
- Oct 19, 2007 4:18am Oct 19, 2007 4:18am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Trust price. Know yourself.
- #7,113
- Oct 19, 2007 4:26am Oct 19, 2007 4:26am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
This is the PB I meant. There was also stuff inside the channel, but that just was far too tight to trade for 2-3 pips.
This one barely went 1:1, but everything carry-ish was melting and the USDCHF suffering punishment divine, so I gave it a shot. It is NOT an A trade, it barely had confluence and I was very, very bored at the time. It was also counter trend and more a scalp than anything. The next bar already caused me to move the stop down to just above it, since it counter-pinned / doji'd.
Also please don't look at the DBLHC I painted in, that was just coz I saw it and had an urge to paint it in, not a setup, whether it'll go or not
This one barely went 1:1, but everything carry-ish was melting and the USDCHF suffering punishment divine, so I gave it a shot. It is NOT an A trade, it barely had confluence and I was very, very bored at the time. It was also counter trend and more a scalp than anything. The next bar already caused me to move the stop down to just above it, since it counter-pinned / doji'd.
Also please don't look at the DBLHC I painted in, that was just coz I saw it and had an urge to paint it in, not a setup, whether it'll go or not
Trust price. Know yourself.
This is the PB I meant. There was also stuff inside the channel, but that just was far too tight to trade for 2-3 pips.
This one barely went 1:1, but everything carry-ish was melting and the USDCHF suffering punishment divine, so I gave it a shot. It is NOT an A trade, it barely had confluence and I was very, very bored at the time. It was also counter trend and more a scalp than anything. The next bar already caused me to move the stop down to just above it, since it counter-pinned / doji'd.
Also please don't look at the DBLHC I painted in, that was just coz I saw it and had an urge to paint it in, not a setup, whether it'll go or not
Hi SeekingLight and James!
It is unbelievable, I got an e-mail yesterday about a person who sells the best forex system!!!!!! I am not interested in such systems, but the first
e-book about a daily swing system is free. I thougt why not, maybe something to laugh. I can not post it in this forum because it has copyright.
He starts with pinbars, it is absolut everything from this forum, really everything. He did not even change the name, no he calls it also pinbars.
And if we, also the NEWBES have mastered this pins then the great master will show us other price action entrys!!!!!!!!!!!!!!! I like it when people don't have success in FX then they sell what they have found in a forum.
Seeking wenn es Dich interessiert sende ich es Dir.
Regards Erkro
- #7,115
- Oct 19, 2007 8:20am Oct 19, 2007 8:20am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Heya
Blasphemy to mention me before Jim! ;p
Martin Pring first coined that term I think, but I believe James has always tried to reference him and his website when mentioning this. I think at the very start of this thread e.g.
This reminds me of so many people all at once right now ;p
Anyhow, I think we just had a similiar discussion in the private forum of someone doing that sort of thing, maybe it's even the same guy. Basically took what he could from the PF as well and went and sold it as his, scam advertising ("only x amount of copies, hurry!" / "such a bargain!" / "secrets!") and everything included.
Seriously, the world is full of exploitative people and natures.
I know someone who isn't about ripping people off though - anyone dare to venture a wild guess?:
Still, I guess that's how forex/the internet/people are, huh...
It's a bad bad world!
Hi SeekingLight and James!
It is unbelievable, I got an e-mail yesterday about a person who sells the best forex system!!!!!! I am not interested in such systems, but the first
e-book about a daily swing system is free. I thougt why not, maybe something to laugh. I can not post it in this forum because it has copyright.
He starts with pinbars, it is absolut everything from this forum, really everything. He did not even change the name, no he calls it also pinbars.
And if we, also the NEWBES have mastered this pins then the great master will show us other price action entrys!!!!!!!!!!!!!!! I like it when people don't have success in FX then they sell what they have found in a forum.
Anyhow, I think we just had a similiar discussion in the private forum of someone doing that sort of thing, maybe it's even the same guy. Basically took what he could from the PF as well and went and sold it as his, scam advertising ("only x amount of copies, hurry!" / "such a bargain!" / "secrets!") and everything included.
Seriously, the world is full of exploitative people and natures.
I know someone who isn't about ripping people off though - anyone dare to venture a wild guess?
:Still, I guess that's how forex/the internet/people are, huh...
It's a bad bad world!
Trust price. Know yourself.
- #7,117
- Oct 19, 2007 8:49am Oct 19, 2007 8:49am
- | Joined Feb 2007 | Status: POP FIAT FASCISM | 1,106 Posts
- #7,119
- Oct 19, 2007 10:14am Oct 19, 2007 10:14am
- | Joined Feb 2007 | Status: POP FIAT FASCISM | 1,106 Posts