Nice job Kit.
That 4 hour Pin Bar looks to be helping the long trade. Sweet!
- #10,461
- Apr 30, 2008 6:42pm Apr 30, 2008 6:42pm
- #10,462
- Apr 30, 2008 7:00pm Apr 30, 2008 7:00pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Thanks, I'm hoping it plays out. My worry is that this will just move sideways until London open and they'll try pushing it down again. Got my stop in place just incase. At least the swap is positive and even better since it's triple payout wednesday
Indicators show the past. Price Action "Indicates" the future.
- #10,465
- May 1, 2008 2:10am May 1, 2008 2:10am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #10,466
- May 1, 2008 2:12am May 1, 2008 2:12am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Did James16 first start using the 150/365 EMA's himself or was it adapted by someone else first? I use the 200 EMA as it's interesting watching how price moves around it at times. From what I've seen so far I don't see a huge difference between 150/200 EMA's...
Indicators show the past. Price Action "Indicates" the future.
- #10,467
- May 1, 2008 2:48am May 1, 2008 2:48am
yep i see where youe coming from kitara your right the 4hr could well go down to the support area to gain momentum for a bigger push up. if you look at the daily theres a very nice BUOVB so I might use the pin if it forms to get a better entry.. then if it pushes through the resistance above in the form of the MAs this puppy could well fly...
Dont you just hate pointing out a trade and not taking it.
- #10,468
- Edited 3:38am May 1, 2008 3:19am | Edited 3:38am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #10,470
- May 1, 2008 8:34am May 1, 2008 8:34am
Dont you just hate pointing out a trade and not taking it.
It came down but looks like it may be using the old resistance as a support now? Good job on the Aus/Usd woolley. I deleted some of my postings last night because I read in the PF that it's getting too journal like. Sorry guys.
I am still going to post good PA setups for others to comment on though. I am guilty of being over enthusiastic I guess. But as James16 would say, this is simple guys and it works. My account has grown because of it and keeps growing.
- #10,473
- Edited 4:37pm May 1, 2008 12:36pm | Edited 4:37pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
LOL, the GBP/CHF did fly up didn't it
Good job on the Aus/Usd woolley. I deleted some of my postings last night because I read in the PF that it's getting too journal like. Sorry guys.
I am still going to post good PA setups for others to comment on though. I am guilty of being over enthusiastic I guess. But as James16 would say, this is simple guys and it works. My account has grown because of it and keeps growing.
Journal type posts go something like "I entered at 2.000" and that's it.
Your doing just fine, Kit. Keep them coming. There're very informative.
Indicators show the past. Price Action "Indicates" the future.
- #10,474
- May 1, 2008 1:31pm May 1, 2008 1:31pm
I'm glad you signed up Woolley. I haven't been a member of their website group very long and I've just gotten through most of the videos and text lessons. So last night before I went to bed, I decided to check around in their journals to see if anyone had similar charts or entries like mine from yesterday. I saw one comment about the public forum turning into a journal, and I was like oh no! That's me! It didn't even dawn on me that I could be doing that. So I do apologize.
I've lurked on FF for a very long time now and only just recently registered so I could post. I'm already breaking the rules, LOL. They're right, I may have been jounaling, but I am a true fan of James16 teachings. Reading the beginning of this thead many many months ago and practicing with a demo as suggested has paid off. The income I've made from my daily system has given me enough to treat this as a business like James16 suggests and I now do PA trades with a live account.
If nothing else, people reading this can see one more success story. This does work. I hope everyone finds success with their trading whether it be for pizza money or for a living.
I look forward to next week. Thursday nights I volunteer and I will probably just wait for NFP to be over before entering in any more trades now.
Happy trading all!
I've lurked on FF for a very long time now and only just recently registered so I could post. I'm already breaking the rules, LOL. They're right, I may have been jounaling, but I am a true fan of James16 teachings. Reading the beginning of this thead many many months ago and practicing with a demo as suggested has paid off. The income I've made from my daily system has given me enough to treat this as a business like James16 suggests and I now do PA trades with a live account.
If nothing else, people reading this can see one more success story. This does work. I hope everyone finds success with their trading whether it be for pizza money or for a living.
I look forward to next week. Thursday nights I volunteer and I will probably just wait for NFP to be over before entering in any more trades now.
Happy trading all!
- #10,478
- May 1, 2008 3:44pm May 1, 2008 3:44pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
I'm glad you signed up Woolley. I haven't been a member of their website group very long and I've just gotten through most of the videos and text lessons. So last night before I went to bed, I decided to check around in their journals to see if anyone had similar charts or entries like mine from yesterday. I saw one comment about the public forum turning into a journal, and I was like oh no! That's me! It didn't even dawn on me that I could be doing that. So I do apologize.
I've lurked on FF for a very long time now and only just recently registered so I could post. I'm already breaking the rules, LOL. They're right, I may have been jounaling, but I am a true fan of James16 teachings. Reading the beginning of this thead many many months ago and practicing with a demo as suggested has paid off. The income I've made from my daily system has given me enough to treat this as a business like James16 suggests and I now do PA trades with a live account.
If nothing else, people reading this can see one more success story. This does work. I hope everyone finds success with their trading whether it be for pizza money or for a living.
I look forward to next week. Thursday nights I volunteer and I will probably just wait for NFP to be over before entering in any more trades now.
Happy trading all!
Believe me, you would hear from Admin/Monitior(s) on this thread (and me) if you were breaking any of the rules.
If you had posts the just said, "I'm thinking of going long Usd/Jpy at 103.00."
and that's all you said. That would be a problem and you would hear from me asking "Why?". LOL
Keep doing, what your doing Kit.
Jim
Indicators show the past. Price Action "Indicates" the future.
- #10,479
- May 1, 2008 3:49pm May 1, 2008 3:49pm
Hey guys,
I am looking into trading the 4 hour timeframe and wanted to share with you a chart I just had a look at. These pins might not be perfect setups but it shows even more how effective PA is. I did not take any of these because I was either too picky or missed them but just seeing the potential returns is stunning.
Hey Creeper pinbars are a very useful piece of kit I believe james said they are better played when the confluence with MAs fibs ect heres one example thats jumped right out at me its the eurusd 4hr theres a pin forming right on the ema 365 wich is a very important MA. if this bar closes as a pin in 15 mins il be going long with first tp at the 23.6 fib level then it might even go up to the 38.2 level. my stop loss will be just under the pin about 50 pips away with the potential of gaining 100 to 200 pips so the risk reward ratio is good enough for me to take the trade.
- #10,480
- May 1, 2008 4:19pm May 1, 2008 4:19pm
- | Joined Mar 2007 | Status: Zoom out | 1,425 Posts
Hey Creeper pinbars are a very useful piece of kit I believe james said they are better played when the confluence with MAs fibs ect heres one example thats jumped right out at me its the eurusd 4hr theres a pin forming right on the ema 365 wich is a very important MA. if this bar closes as a pin in 15 mins il be going long with first tp at the 23.6 fib level then it might even go up to the 38.2 level. my stop loss will be just under the pin about 50 pips away with the potential of gaining 100 to 200 pips so the risk reward ratio is good enough for me to take the trade.
hate to rain on your parade but look at todays and yesterdays daily bars, they form a dbhlc, very bearish and we are on a strong downtrend correction whatever....your pin is in a good position with the 365 and all but its got a very sad little tiny tail Im afraid...just be careful with this one, it may work fine but look at the daily! take care, Raz
Never say never.