Looks like the turbulence on the Gbp/Chf is clearing up rapidly
.
you can only smile when things exceed your expectations...
daily bar worth 700ps..., not bad, time to move stops or take some profit..
I don't see it clearing 6280 today.
Even my g/u target was hit (without me as I closed it this morning)
E/Cad just hit TP1... what a good way to start the new year, 1100 ps in 3 days (not counting sunday bar).
And I still remember when I was chasing 25ps per trade.. that was stressful
and yes I am smiling. BTW The e/cad trade I'm looking for a retrace of the move to tp1 to add. 09 is coming in fine as wine.
you can only smile when things exceed your expectations...
daily bar worth 700ps..., not bad, time to move stops or take some profit..
I don't see it clearing 6280 today.
Even my g/u target was hit (without me as I closed it this morning)
E/Cad just hit TP1... what a good way to start the new year, 1100 ps in 3 days (not counting sunday bar).
And I still remember when I was chasing 25ps per trade.. that was stressful
taking profit is never a bad idea
taking profit is never a bad idea
Another 360 days left dude!
but it's always good to hope for the best!
Cheers!
Hi guys, this is a trade I entered on dec. 31 2008 and exit today (more than +300 pips
i would like you guys with much more experience than me, analize it and tell me if I got lucky or im starting to "feel it"
Check my chart, I entered on an confluence of IB and support; my entry was @1.0676, inicial s/[email protected], TP1 (50%) around support line (1.0793), TP2 (50%) around 1.1050 (took profit @1.1022 because i missed that price).
Problably it continues its north path, but I just planned my trade and executed it as well.
Im in a learning process...
Not all PIN's are equal. That's why James has been constantly telling us to watch where it is.
Let's look at the daily first.
(1) We had a rising wedge (bearish) and then a reversal at a major PPZ.
(2) Price then broke another mild PPZ @ 1.5075.
(3) It will test this PPZ @ 1.5075 and usually the first time will fail.
Can it go high? I don't know. There is a wedge forming in 4HR chart. It may continue the downward movement from here if it breaks the lower rishing trend line. I would much prefer to trade a PIN telling me to go short than long...
Nice as usual Rac,
I am approaching my "TP 1" on most of my trades too...
Looks like a good start to the year and this new trading environment.
Regards,
Ghous.
Hey Trujillo,
That was a nice looking trade. Insidebars can be extremely tricky to play. I usually only play them when they are sitting on very clear heavy support or pushing up against resistance.
Your zones are marked off very will too. Keep it up
Best
Mike
I second that...
Since I Also take into consideration the open and close of the PA Bar this was a highly appealing one for me, the bar before it and the Ib itself tell a lot more then just the fact that an Ib has formed at a swing low...
Enjoy the ride...
Regards,
Ghous.
I agree with Mike, your location of your confluences look good which had to do more with your trade then the Inside Bar. (your chart is hard to read only because I can't relate them to my own charts, not at home.)
Now the lucky part: During the past two weeks, the day trading sessions, as we know, were thin due to the Holidays. So Inside Bars were all over the place, on all the pairs. Check the same time periods in 2007, 2006, etc.
Would you trade Sunday Bars? No, they are ignored unless you combined them with Fridays trading which makes sense....
.
