Hello, are you still long on this with a portion of the trade? It seems to me that the pin bar is going to give up.
i am down on the lower tfs and looking to hunt the bears down, anybody with me?...
I believe . . .
- #13,121
- Aug 26, 2008 4:39am Aug 26, 2008 4:39am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
i am down on the lower tfs and looking to hunt the bears down, anybody with me?...
- #13,122
- Aug 26, 2008 4:53am Aug 26, 2008 4:53am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
the price has retraced just too much for anyone who traded this pin bar, personally i want to give this pin bar all the chance i can within my MM, on my feed we're just a few pips from the tip of the nose of the PB, i plan to hold the trade for some more time, a few hours...
i am down on the lower tfs and looking to hunt the bears down, anybody with me?...
nice bullish divergence with the macd, my only concern is that i would have rather have wanted the diverhence to show itself from the previous bounce of the white tl, it did bounce but went straight down...with the macd revealing a nice sized low, i wonder if the divergence is looking to correct itself...
neverthless i still know i have hope left for my long, the next few hours should clarify things further...
Regards,
Ghous.
I believe . . .
- #13,123
- Aug 26, 2008 5:20am Aug 26, 2008 5:20am
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
Hello, are you still long on this with a portion of the trade? It seems to me that the pin bar is going to give up.
I got rid of my first 2/3rds position at 162.95. Would have been nice to see 163.90 at least.
Never got a chance to move the stop on the remainder even once.
Even when I went back over all my charts a couple of hours ago this looked like bouncing and continuing up from around the 161.00 zone. Even thought about watching for a new entry!!. LOL
With that very close first target from my entry point, this has ended up a loss overall. Partly payed for...
...but still a loss. Doesn't matter. Like I said before, it's a numbers game: ....Some lose, some gain and others don't seem to be worth it.
They are worth it though. ...You need to consistently trade them for the chance at the pay off trades.
So no regrets here.
( Except possibly entering a trade that had a very tight first target relative to the stop. I've been a little uncomfortable with that since I pointed it out.)
Maybe we'll get a short entry the next few days now. ( ...possibly a pull-back trade
) We'll see.
Bundy's status today: "Waiting..." 
- #13,124
- Aug 26, 2008 5:42am Aug 26, 2008 5:42am
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
...Part 2.
Chart to go with above post.
Sorry about the late replies EH.
.
Chart to go with above post.
Sorry about the late replies EH.
.
Bundy's status today: "Waiting..."
Was. Yes. Just got stopped out. LOL
I got rid of my first 2/3rds position at 162.95. Would have been nice to see 163.90 at least.
Never got a chance to move the stop on the remainder even once.
Even when I went back over all my charts a couple of hours ago this looked like bouncing and continuing up from around the 161.00 zone. Even thought about watching for a new entry!!. LOL
With that very close first target from my entry point, this has ended up a loss overall. Partly payed for...
Doesn't matter. Like I said before, it's a numbers game: ....Some lose, some gain and others don't seem to be worth it.
They are worth it though. ...You need to consistently trade them for the chance at the pay off trades.
So no regrets here.
( Except possibly entering a trade that had a very tight first target relative to the stop. I've been a little uncomfortable with that since I pointed it out.)
Maybe we'll get a short entry the next few days now. ( ...possibly a pull-back trade
- #13,127
- Aug 26, 2008 6:03am Aug 26, 2008 6:03am
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
any comment on the NZD/USD pin bar? Is it going to be beated as well? Such a bad moment for james16 ts, isn't it?
I wouldn't have entered against the pivot zone it sat on. ( I don't think . Easy to say that now.
)You 'd need the opinion of someone who's planned it out on that one. Anyone??
Anyway, if you've stuck it out on the time frame you entered on you would probably have taken some profit with the stop on the remaining STILL sitting below the pin. That's if you're trading the weekly chart on that trade, (with the appropriate position size, of course)
And I wouldn't say bad moment for James16 trades. There will be people who have gained and people who have lost. Depending on there style of trading and what they traded and how well they have the head around it all.
,B
Edit: Thanks Brian. Better job of the chart than me. LOL
Bundy's status today: "Waiting..."
- #13,128
- Aug 26, 2008 7:14am Aug 26, 2008 7:14am
- | Joined Aug 2007 | Status: I keep my eyes open | 1,108 Posts
...Part 2.
Chart to go with above post.
Sorry about the late replies EH.
.
)?
One Chart is Worth Ten Thousand Words.
- #13,129
- Aug 26, 2008 7:16am Aug 26, 2008 7:16am
See post 12748 for my thoughts. I had the same thought you have now. I did not take that PB because I believed it was likely that price would reverse in that area. If the PPZ would have been a daily PPZ I would have taken that PB.
Scott
Scott
I haven't been watching that pair dude. You mean the weekly pin I presume?
I wouldn't have entered against the pivot zone it sat on. ( I don't think . Easy to say that now.
You 'd need the opinion of someone who's planned it out on that one. Anyone??
Anyway, if you've stuck it out on the time frame you entered on you would probably have taken some profit with the stop on the remaining STILL sitting below the pin. That's if you're trading the weekly chart on that trade, (with the appropriate position size, of course)
And I wouldn't say bad moment for James16 trades. There will be people who have gained and people who have lost. Depending on there style of trading and what they traded and how well they have the head around it all.
,B
Edit: Thanks Brian. Better job of the chart than me. LOL
- #13,130
- Aug 26, 2008 7:48am Aug 26, 2008 7:48am
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
Bundy, on your chart you put "IB come DBLHC". Which bars did you mean - as IB cannot have "higher close" (otherwise it is not an INSIDE bar...
I put a dark yellow box around them in the chart.
Inside bar. And then the smaller bar was followed by a higher closing bar that matched it's low. The higher close was right close to the end of the bar.
...I like that look.
Good place to buy. It just got smacked around by a news announcement ,obviously.
Bundy's status today: "Waiting..."
- #13,131
- Aug 26, 2008 7:51am Aug 26, 2008 7:51am
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
See post 12748 for my thoughts. I had the same thought you have now. I did not take that PB because I believed it was likely that price would reverse in that area. If the PPZ would have been a daily PPZ I would have taken that PB.
Scott
You know what they say.... Great minds....
Bundy's status today: "Waiting..."
- #13,132
- Aug 26, 2008 7:53am Aug 26, 2008 7:53am
- | Joined Aug 2007 | Status: I keep my eyes open | 1,108 Posts
Good place to buy. It just got smacked around by a news announcement ,obviously.
One Chart is Worth Ten Thousand Words.
- #13,136
- Aug 26, 2008 12:09pm Aug 26, 2008 12:09pm
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I believe . . .
- #13,138
- Edited 1:28pm Aug 26, 2008 12:53pm | Edited 1:28pm
- | Joined Jul 2008 | Status: Trader | 1,836 Posts
any comment on the NZD/USD pin bar? Is it going to be beated as well? Such a bad moment for james16 ts, isn't it?
instead of playing the weekly pin bar i traded from the daily charts.
1st, at "A" (BUOB) i entered a long order (there were supporting factors for this) ... it didn't trigger, but at "B" a double top formed where price couldn't close lower than the previous day's low giving me a clue that perhaps the BUOB is still in play and i could play a break-out from the top again so i moved my time stop up a day. my order triggered and as price moved up (BUOB at "C" confirmed the trade again), i trailed my stop according to my MM/RR rules ... i got kicked out at "D" ... w/ 46 pips profit locked in. i decided to enter at the break of the BEOB at "D" - why did i get back in going short? take a look at august 2007 ... it's copycat price action ... since my trade is based on a chance this trade could also be very short-lived (i.e., i planned for that) ... i am trailing my stop again in a manner that will lock in a few pips (or to break even if necessary -- it's at 100 pips so far) so that no matter what happens next, my trade is positive (break even is positive to me) and i followed my rules for MM/RR, etc.
as for the weekly pin bar, i kept my eye on it, but kept a closer eye on my profits here (learning from some other traders on this thread).so, IMO, not bad at all for j16 PA ... i've also decided it's okay to think outside of the box a little on this stuff ...
peace and good trading to all.
"Believe nothing you hear and half of what you see." Proverb
