DislikedMy 1st target is the 1.0930ish level.
This is a risky trade due to the invalid PB.Ignored
Are You already at BE?
THX, NL
- #18,002
- Jan 7, 2009 3:11am Jan 7, 2009 3:11am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Jarroo!
Are You already at BE?
THX, NL
I did take half off at 48 pips and my stop loss is 48 pips away from my entry.
Worst case : Zero net pips.
Indicators show the past. Price Action "Indicates" the future.
- #18,003
- Jan 7, 2009 3:51am Jan 7, 2009 3:51am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
18000 posts and we're going strong 
Auslanco we're coming
Auslanco we're coming
I believe . . .
- #18,004
- Jan 7, 2009 3:56am Jan 7, 2009 3:56am
- | Commercial User | Joined Mar 2008 | 9,071 Posts
18000 posts and we're going strong
Auslanco we're coming
wow..
- #18,006
- Jan 7, 2009 5:41am Jan 7, 2009 5:41am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I scanned through my charts and see this pinbar..... Jarro,mbq11 and ghous wot would u say about this?
Regards,
Ghous.
I believe . . .
- #18,008
- Jan 7, 2009 5:47am Jan 7, 2009 5:47am
It was a bounce of 94.5 ppz so the location is valid, the shape is valid too as far as my data feed is concerned. I don't find a lot of things going against this one IMHO. The correlation however is a worry me given that the Dow and S&P are headed up I left this one well alone
Regards,
Ghous.
"Don't trade to trade . . . trade to win." - James16
- #18,009
- Jan 7, 2009 5:50am Jan 7, 2009 5:50am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Plus, it's always dangerous going against the evil Bank of Japan.
I believe . . .
- #18,010
- Jan 7, 2009 5:58am Jan 7, 2009 5:58am
- | Commercial User | Joined Nov 2007 | 1,296 Posts
It was a bounce of 94.5 ppz so the location is valid, the shape is valid too as far as my data feed is concerned. I don't find a lot of things going against this one IMHO. The correlation however worries me given theat the Dow and S&P are headed up I left this one well alone
Regards,
Ghous.
Thanks very much, am getting more confidence spotting A+ pin bar. so u watch dow and S&P to trade this baby(usdjpy)
anyway, thanks for tell me no Technical Fault in the Pin and its location.
remain Blessed ghous
- #18,011
- Jan 7, 2009 6:04am Jan 7, 2009 6:04am
- | Commercial User | Joined Nov 2007 | 1,296 Posts
Plus, it's always dangerous going against the evil Bank of Japan.
how can a trader know when going against bank of Japan in this scenario?
I need to know this,; its getting interesting
- #18,012
- Jan 7, 2009 7:22am Jan 7, 2009 7:22am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
WELL IM BACK after a great little trip to the mountains of northern new mexico and southern colorado. got some catching up to do i see. next year should find this thread taking its next step. me and fijitrader are working on that this month. i sure wish fij would get back involved at forex factory but i guess when your retired in paradise you can do what you want.
lol,
jim
Indicators show the past. Price Action "Indicates" the future.
- #18,013
- Jan 7, 2009 7:39am Jan 7, 2009 7:39am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
My 1st target is the 1.0930ish level.
This is a risky trade due to the invalid PB.
(sorry can't post a chart.)
Indicators show the past. Price Action "Indicates" the future.
- #18,014
- Jan 7, 2009 7:44am Jan 7, 2009 7:44am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
how can a trader know when going against bank of Japan in this scenario?
I need to know this,; its getting interesting
the Pin on Uj indicates a stronger yen, and this is what Flem was pointing out.
PS the major Yen crosses somewhat flow with the major Dollar stock indices, the Usd/jpy being the most correlated (as obviously it's a direct relationship of the $ with the yen), so it's never a bad idea to keep an eye on the overall momentum of the U.S stock indices and the $ indices in addition to gold and oil, even when you don't want to trade them
Regards,
Ghous.
I believe . . .
- #18,015
- Jan 7, 2009 8:02am Jan 7, 2009 8:02am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Double top with divergence and the bounce off the trendline...
I am waiting in ambush below 1.2 to get on this one
EDIT: forgot to mention the daily IB which was right off the trend line i.e yesterday's bar for those of us here who would think as to where did PA assist me At first I wanted to enter while the Ib was being formed but the immediate possible trouble at the roundest of numbers i.e 1.2 kept me out, I now have a sell stop below it, and yes I am being a bit more conservative then I would like to be, I've had enough lately and i can afford to be conservative for a while
Regards,
Ghous.
I am waiting in ambush below 1.2 to get on this one
EDIT: forgot to mention the daily IB which was right off the trend line i.e yesterday's bar for those of us here who would think as to where did PA assist me
At first I wanted to enter while the Ib was being formed but the immediate possible trouble at the roundest of numbers i.e 1.2 kept me out, I now have a sell stop below it, and yes I am being a bit more conservative then I would like to be, I've had enough lately and i can afford to be conservative for a while Regards,
Ghous.
I believe . . .
- #18,016
- Jan 7, 2009 8:23am Jan 7, 2009 8:23am
- | Commercial User | Joined Oct 2005 | 2,899 Posts
1.1280 - 1.1380s my long TP and reverse area
. next..
- #18,017
- Jan 7, 2009 8:28am Jan 7, 2009 8:28am
Looking good.
Stall just around the PPZ and 50Fib confluence. If aggresive enough, I think we could go long on the touch like Rac lol I don't know how he did that (could just figure out a bit of it after studying his 'touch' entry but I don't know for sure).Edit: It's really annoying when I accidentally closed my position. Closed G/U instead of E/U.
- #18,018
- Jan 7, 2009 8:40am Jan 7, 2009 8:40am
- | Joined Mar 2008 | Status: shoe shine boy | 1,146 Posts
Missed 1280, by 2 points... I guess, you can't have them all...
Did you put your SL under daily PB?
- #18,019
- Jan 7, 2009 8:42am Jan 7, 2009 8:42am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I believe . . .
- #18,020
- Jan 7, 2009 8:49am Jan 7, 2009 8:49am
- | Joined Mar 2008 | Status: shoe shine boy | 1,146 Posts