Spot on. (onya' Ghous)
Look for good areas of confluence first. ...Then wait for Price Action to show you the next move from that point.
I am keeping learning from all of you. Thanks for the comments and suggestions.
- #18,844
- Jan 16, 2009 7:46am Jan 16, 2009 7:46am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #18,845
- Jan 16, 2009 7:50am Jan 16, 2009 7:50am
- | Commercial User | Joined Oct 2005 | 2,899 Posts
allright rac this worship stuff is just way to much so i gotta come clean.
truth is rac's entries come from me via email.
sorry rac but my ego just couldnt take it anymore.
The story is: I was stocking James for two years... cleaning his house, cooking meals, taking dogs out and all I could see, was a closed door to his office with a big sign "trading in progress, no entry for rac"
The break through came about a year ago, when he allowed me to synch his PCs with mine. Ever since, whenever he trades, the very same trades are automatically opened on my platform. All I do is watch and post on FF
Sorry to disappoint guys..
r
- #18,846
- Jan 16, 2009 7:51am Jan 16, 2009 7:51am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Fine, cover has been blown...
The story is: I was stocking James for two years... cleaning his house, cooking meals, taking dogs out and all I could see, was a closed door to his office with a big sign "trading in progress, no entry for rac"
The break through came about a year ago, when he allowed me to synch his PCs with mine. Ever since, whenever he trades, the very same trades are automatically opened on my platform. All I do is watch and post on FF
Sorry to disappoint guys..
r
Indicators show the past. Price Action "Indicates" the future.
- #18,847
- Jan 16, 2009 8:05am Jan 16, 2009 8:05am
15 min pb trade off area of confluence - PPZ, 50% fib. I risk less on these than on the larger timeframes and the profit target is always 1:1. Word of warning: Don't attempt these until you've practiced a LOT on the higher timeframes - dailys, weeklys etc, otherwise you'll see pin bars everwhere and quickly drain your account! I only ever search on the lower timeframes when I know there's a significant area of confluence. 
Still in UJ and NJ long from Daily pins.
Still in UJ and NJ long from Daily pins.
- #18,849
- Jan 16, 2009 8:35am Jan 16, 2009 8:35am
- | Commercial User | Joined Feb 2005 | 2,875 Posts
i wasn t exactly sure what the response would be but i knew it would be good. i wasnt dissapointed and its good to see rac doesnt mind telling the truth.
jim
Fine, cover has been blown...
The story is: I was stocking James for two years... cleaning his house, cooking meals, taking dogs out and all I could see, was a closed door to his office with a big sign "trading in progress, no entry for rac"
The break through came about a year ago, when he allowed me to synch his PCs with mine. Ever since, whenever he trades, the very same trades are automatically opened on my platform. All I do is watch and post on FF
Sorry to disappoint guys..
r
- #18,850
- Jan 16, 2009 8:39am Jan 16, 2009 8:39am
- | Commercial User | Joined Feb 2005 | 2,875 Posts
im proud of you chris not only for showing you know what your doing but also for the way you stated this. i worry for the newbs when people talk these lower time frames but you stated things very well.
good job,
jim
good job,
jim
15 min pb trade off area of confluence - PPZ, 50% fib. I risk less on these than on the larger timeframes and the profit target is always 1:1. Word of warning: Don't attempt these until you've practiced a LOT on the higher timeframes - dailys, weeklys etc, otherwise you'll see pin bars everwhere and quickly drain your account! I only ever search on the lower timeframes when I know there's a significant area of confluence.
Still in UJ and NJ long from Daily pins.
- #18,852
- Jan 16, 2009 8:58am Jan 16, 2009 8:58am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Fine, cover has been blown...
The story is: I was stocking James for two years... cleaning his house, cooking meals, taking dogs out and all I could see, was a closed door to his office with a big sign "trading in progress, no entry for rac"
The break through came about a year ago, when he allowed me to synch his PCs with mine. Ever since, whenever he trades, the very same trades are automatically opened on my platform. All I do is watch and post on FF
Sorry to disappoint guys..
r
...
I believe . . .
- #18,853
- Jan 16, 2009 9:00am Jan 16, 2009 9:00am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
chart
Regards,
Ghous.
I believe . . .
- #18,855
- Jan 16, 2009 9:02am Jan 16, 2009 9:02am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
ya.. I started knowing everything basic from there....
i just get ucad today n... after see somebody mention here it make me more confident with my position...http://www.forexfactory.com/images/icons/icon14.gif
p/s that avatar si me... handsome or not http://www.forexfactory.com/images/icons/icon10.gif
just as a side note try finding that confidence over a trade from your innerself rather than from the outside using an external source. You alone have the power to make you happy and/or sad and/or depressed and/or confident.
Regards,
Ghous.
I believe . . .
- #18,857
- Jan 16, 2009 9:04am Jan 16, 2009 9:04am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Ghous,
Another entry, focusing on this way of trade. Im more relax now..
Attachment
CHF/JPY
Attachment
GBP/CHF
Keep it rolling!!
Regards,
Ghous.
I believe . . .
- #18,858
- Jan 16, 2009 9:05am Jan 16, 2009 9:05am
im proud of you chris not only for showing you know what your doing but also for the way you stated this. i worry for the newbs when people talk these lower time frames but you stated things very well.
good job,
jim
Hi Jim,
Thanks for your kind words, they mean a great deal to me coming from you. I don't post much at the moment on this thread as I have 2 businesses to run which need most of my attention. I have the time to place trades, but not to comment on everything going on. Things look set to develop later thi year which should allow me to move on from my committments and trade full time. I look forward to this next step as I'll be able to give something back to the newbs as so many have been kind enough to guide me over the last 6 months (even if they didn't know I was here!
)Since joining the pf last June, my trading has grown immensely. Keeping a journal has also helped, as long as I keep it updated every couple of weeks
Thank you again for starting this thread Jim.
Chris
- #18,859
- Jan 16, 2009 9:07am Jan 16, 2009 9:07am
- Joined Aug 2007 | Status: Trader | 3,135 Posts
OT question for james16; Have you stopped using TS since most of your charts came from mt4 now ? Just curious since I'm changing the other way
Measure twice, cut once
- #18,860
- Jan 16, 2009 9:10am Jan 16, 2009 9:10am
- | Commercial User | Joined Feb 2005 | 2,875 Posts
ALL OF YOU CAN GET HERE. 12K is not a big deal. my account size allows me to do this but my account size is due to growing an account thru patience and never ever taking crappy trades.
YOU DO NOT NEED TO TAKE EVERY TRADE YOU SEE. ONLY TAKE THE BEST regardless of your account size. its the only way your gonna get to a point where several good trades a month blow away your "job" income. its worth it i promise.
jim
YOU DO NOT NEED TO TAKE EVERY TRADE YOU SEE. ONLY TAKE THE BEST regardless of your account size. its the only way your gonna get to a point where several good trades a month blow away your "job" income. its worth it i promise.
jim
3 trades..12K??
Sonic