Approaching 2TP ghous. Check out the Monthly PPZ. Strong level.
Nice trade plan.
Jim
A perfect trade plan Goes into the bin! I feel like killing myself! if only i can get a sharpened knife...
Bye Bye guys!
I believe . . .
- #16,161
- Dec 5, 2008 12:20am Dec 5, 2008 12:20am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
A perfect trade plan Goes into the bin! I feel like killing myself! if only i can get a sharpened knife...
Bye Bye guys!
- #16,162
- Dec 5, 2008 12:22am Dec 5, 2008 12:22am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Dont want to talk abt it...
Indicators show the past. Price Action "Indicates" the future.
- #16,163
- Dec 5, 2008 12:28am Dec 5, 2008 12:28am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Easy now buddy . . .what happen . . ?
All the news rate cuts yesterday and the NFP today is what got me out, saw some pullback and thought it was best to get out and get done for the week. I got out with a total of +57 for the entire position so not totally a looser...
BUT LOOK WHERE IT IS NOW!!!!! Guess i should have understood that daily tf trading has very little to do with news! I just could not hold on!
Every pips that now goes in the favor of the bulsl hurts me like a poisened arrow right across my heart...
I believe . . .
- #16,164
- Dec 5, 2008 12:30am Dec 5, 2008 12:30am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
All the news rate cuts yesterday and the NFP today is what got me out, saw some pullback and thought it was best to get out and get done for the week. I got out with a total of +57 for the entire position so not totally a looser...
BUT LOOK WHERE IT IS NOW!!!!! Guess i should have understood that daily tf trading has very little to do with news! I just could not hold on!
Every pips that now goes in the favor of the bulsl hurts me like a poisened arrow right across my heart...
I have been into some good tarding recently with quite a good control over my emotions, the bubble got burst this time!!!
I believe . . .
- #16,165
- Dec 5, 2008 12:35am Dec 5, 2008 12:35am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
All the news rate cuts yesterday and the NFP today is what got me out, saw some pullback and thought it was best to get out and get done for the week. I got out with a total of +57 for the entire position so not totally a looser...
BUT LOOK WHERE IT IS NOW!!!!! Guess i should have understood that daily tf trading has very little to do with news! I just could not hold on!
Every pips that now goes in the favor of the bulsl hurts me like a poisened arrow right across my heart...
ghous you made 57 pips!lol So tell me what you should have done. Not moved your stop loss to soon . . .is that what your saying?
I like that "Confluence Zone" . .you may be on to something there.
Indicators show the past. Price Action "Indicates" the future.
- #16,166
- Dec 5, 2008 12:51am Dec 5, 2008 12:51am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
A very painful lesson learned!
I have been into some good tarding recently with quite a good control over my emotions, the bubble got burst this time!!!
Good for you ghous.
Indicators show the past. Price Action "Indicates" the future.
- #16,167
- Dec 5, 2008 1:02am Dec 5, 2008 1:02am
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
A very painful lesson learned!
I have been into some good tarding recently with quite a good control over my emotions, the bubble got burst this time!!!
You've come up with some good trade ideas. (Some errors occasionally). Starting to get it fella.
Don't stress about making the same mistakes over and over. You have to give these habits some credit. They're bloody hard to break!
Keep up the good work dude.
Bundy's status today: "Waiting..." 
- #16,168
- Dec 5, 2008 1:14am Dec 5, 2008 1:14am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Ghous it's been pretty evident how much your improving lately.
You've come up with some good trade ideas. (Some errors occasionally). Starting to get it fella.
Don't stress about making the same mistakes over and over. You have to give these habits some credit. They're bloody hard to break!
Keep up the good work dude.
I wish my "mistakes" ended in a net gain. lol
I don't think he made a mistake. He felt that the trade was going against him . . . was smart enough to ge out with a nice chunk of pips . . . I say
tou ché ghous.
Indicators show the past. Price Action "Indicates" the future.
- #16,169
- Dec 5, 2008 1:18am Dec 5, 2008 1:18am
- Joined Apr 2006 | Status: Mmmm pips. | 1,418 Posts
For those traders who have been doing this awhile and know how London/Frankfurt reacts, you can always find some fun trades in established ranges off of the Asia market... especially right now when Tokyo starts dumping orders...
I trade the 15m as well and here's a nice little pinbar... take your profit right at the bottom of the range....
If you are a student of Bulkowski and Pring (as I am), then even a little higher on the close is still valid... for you James16 purists, this pinbar might not be good enough for you... (snobs... *cough*Mike*cough*
)
I trade the 15m as well and here's a nice little pinbar... take your profit right at the bottom of the range....
If you are a student of Bulkowski and Pring (as I am), then even a little higher on the close is still valid... for you James16 purists, this pinbar might not be good enough for you... (snobs... *cough*Mike*cough*
)
Mr. Trend
- #16,170
- Dec 5, 2008 1:20am Dec 5, 2008 1:20am
All the news rate cuts yesterday and the NFP today is what got me out, saw some pullback and thought it was best to get out and get done for the week. I got out with a total of +57 for the entire position so not totally a looser...
BUT LOOK WHERE IT IS NOW!!!!! Guess i should have understood that daily tf trading has very little to do with news! I just could not hold on!
Every pips that now goes in the favor of the bulsl hurts me like a poisened arrow right across my heart...
. I have the same experience on UCAD A++ setup on 28/oct. Everything was there, BEOB at the swing high, 365 ema, 50/61%fibo and you know bro, just to add salt into I even wait for price retrace back to 50% on 29/oct to enter the trade. You know how much I got from 1400ps moved? Just +44pips. Now when I look back I just 
. I dumb that pair for 3 weeks.
Go figure.. Simplicity work
- #16,171
- Dec 5, 2008 1:25am Dec 5, 2008 1:25am
- | Commercial User | Joined Mar 2008 | 9,071 Posts
I understand you bro and I know how the pain feel like
Sonic
- #16,172
- Dec 5, 2008 1:27am Dec 5, 2008 1:27am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #16,173
- Dec 5, 2008 1:38am Dec 5, 2008 1:38am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
thanks for the heads up guys!!
I am still in the learning phase and even though i failed to make a maximum of pips on the trade the good thing is i never actually had a loss so the grass is still green.
All these experiences good and bad help me learn and no matter how bad I feel i know deep inside this is something i dearly want! My loosers help me learn more than my winners
Thanks for cheering me up
Love Ya'll
Regards,
Ghous.
I am still in the learning phase and even though i failed to make a maximum of pips on the trade the good thing is i never actually had a loss so the grass is still green.
All these experiences good and bad help me learn and no matter how bad I feel i know deep inside this is something i dearly want! My loosers help me learn more than my winners
Thanks for cheering me up
Love Ya'll
Regards,
Ghous.
I believe . . .
- #16,174
- Dec 5, 2008 1:40am Dec 5, 2008 1:40am
That will be nice if u talk with pic..
Sonic
. If I could I surely would. I'm not computer literate
. I tried many time. Jarro once did show me how to post a chart on DIBS thread but . the pic just dont shows up.. I give up..
.Anyway Jarro, thxs that what I'm talking about.
Go figure.. Simplicity work
- #16,175
- Dec 5, 2008 1:41am Dec 5, 2008 1:41am
- Joined Apr 2006 | Status: Mmmm pips. | 1,418 Posts
thanks for the heads up guys!!
I am still in the learning phase and even though i failed to make a maximum of pips on the trade the good thing is i never actually had a loss so the grass is still green.
All these experiences good and bad help me learn and no matter how bad I feel i know deep inside this is something i dearly want! My loosers help me learn more than my winners
Thanks for cheering me up
Love Ya'll
Regards,
Ghous.
Mr. Trend
- #16,177
- Dec 5, 2008 3:02am Dec 5, 2008 3:02am
- Joined Apr 2006 | Status: Mmmm pips. | 1,418 Posts
Another fun 15m trade. Mmmm, pips. 
Mr. Trend
- #16,178
- Dec 5, 2008 3:19am Dec 5, 2008 3:19am
- | Joined Aug 2007 | Status: I keep my eyes open | 1,108 Posts
Yes. BEarish Vertical Outside Bar
One Chart is Worth Ten Thousand Words.
- #16,179
- Dec 5, 2008 3:28am Dec 5, 2008 3:28am
Hi,
Still trying doing my homework
I have spotted a Pin on Daily Chart GBP/USD
It is not the perfect pin since the close is not above the open but I like that the price in a daily PPZ.
On the 3H chart (having only oanda at work I can not access to 4H chart), there is a nice DBLHC in formation...
Might go long for the price to go to the daily PPZ @ 1.5000...
Does my homework make any sense to the J16 gurus?
Cheers
Still trying doing my homework
I have spotted a Pin on Daily Chart GBP/USD
It is not the perfect pin since the close is not above the open but I like that the price in a daily PPZ.
On the 3H chart (having only oanda at work I can not access to 4H chart), there is a nice DBLHC in formation...
Might go long for the price to go to the daily PPZ @ 1.5000...
Does my homework make any sense to the J16 gurus?
Cheers
- #16,180
- Dec 5, 2008 3:47am Dec 5, 2008 3:47am
Hi,
Still trying doing my homework
I have spotted a Pin on Daily Chart GBP/USD
It is not the perfect pin since the close is not above the open but I like that the price in a daily PPZ.
On the 3H chart (having only oanda at work I can not access to 4H chart), there is a nice DBLHC in formation...
Might go long for the price to go to the daily PPZ @ 1.5000...
Does my homework make any sense to the J16 gurus?
Cheers
It's not a bad looking pin. I would just be concerned that your first PPZ would not show particularly good R:R
It's too big a stop for my small account, so will not be playing this, but will keep it in mind for potential PA off the 4hr.
thanks for the heads up
cheers
Simon