not as good as beer pong though????
- #19,323
- Jan 21, 2009 9:03pm Jan 21, 2009 9:03pm
- | Commercial User | Joined Aug 2006 | 12,004 Posts
I know this is make fun of mike for blasting his pecks at the gym....
But.... on another note I am almost done with Pring on Price Patterns, I was lucky my school has it on ebook from the library, but I am going to have to read it again. Although I am still a beginner and learning I recommend this book to any newcomer. Prings sections on market phsychology help newbies understand why price patterns actually work..J16 has all of this infor anyway but still lol
and yes jeff i love you all more then beer pong(well except chris
)
- #19,324
- Jan 21, 2009 9:15pm Jan 21, 2009 9:15pm
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Also, try to fine tune the PPZs around Round Numbers.
- #19,325
- Jan 21, 2009 9:24pm Jan 21, 2009 9:24pm
- | Commercial User | Joined Aug 2006 | 12,004 Posts
I hope this post doesn't get lost though. This is a key point for a lot of us. These round numbers are very important to market psychology and when you find one lining up with a round number you can just smile
a pic is worth more then any words(after you see this how can you not just rethink the thought of wanting to have a million indicators, or search for some secret grail that doesn't exist)
- #19,327
- Jan 21, 2009 9:44pm Jan 21, 2009 9:44pm
- | Commercial User | Joined Feb 2005 | 2,875 Posts
you sure can and if that round number has a supporting cast of confluence its often money in the bank. a solid case could be made that if you only took trades off of these round numbers it can be the difference between success and failure. its that good of a filter in my opinion. when im daytrading i will not take any entry that is not off of either a 50 or a 00.
I hope this post doesn't get lost though. This is a key point for a lot of us. These round numbers are very important to market psychology and when you find one lining up with a round number you can just smile
- #19,328
- Jan 21, 2009 10:05pm Jan 21, 2009 10:05pm
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
- #19,329
- Jan 22, 2009 12:31am Jan 22, 2009 12:31am
PB(~500pip) with a nice long nose
GJ daily, price really respecting round numbers
Playing this PB means going againt the strong trend(monthly tf)
ALM
GJ daily, price really respecting round numbers
Playing this PB means going againt the strong trend(monthly tf)
ALM
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- #19,330
- Jan 22, 2009 12:51am Jan 22, 2009 12:51am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
PB(~500pip) with a nice long nose
GJ daily, price really respecting round numbers
Playing this PB means going againt the strong trend(monthly tf)
ALM
Attachment
If you keep thinking and thinking and thinking abt a trade's validity you'll eventually think yourself out of the trade, regardless of how good or bad or how successful or unsuccessful it may have been. It's for this very reason that you need to have your own likes and dislikes and rules to deal with the different setups that pop up
Even when it may not seem so it could be the difference between a flourishing and a busted Fx account
Regards,
Ghous.
I believe . . .
- #19,332
- Jan 22, 2009 1:29am Jan 22, 2009 1:29am
You will always find odds going agianst you if you look for them Alm, not to say that you should'nt look for them it's all a matter of how many of these can you stock up to convince yourself to take or to not take the trade.
If you keep thinking and thinking and thinking abt a trade's validity you'll eventually think yourself out of the trade, regardless of how good or bad or how successful or unsuccessful it may have been. It's for this very reason that [b]you need to have your own likes and dislikes and rules to deal with the different setups...
. I am also aware that Pin Bars are PA for trend reversal. I have made many mistakes in the past and am still learning with every mistakes I make. I am just staking up pros and cons to work out the possible trade. Thanks for your concerns
. ALM
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- #19,333
- Jan 22, 2009 1:39am Jan 22, 2009 1:39am
Hello all,
First time posting on this thread. Would like to ask if this is BEOB?
and also where can I find an info on them?
I read some of this thread, but have not found any info, besides ocasional mentioning of them.
Thanks
. The PA you have marked is BUOVB(Bullish Outside Bar), not BEOB. It is not wise for a newbie to play below daily time frame. Please start from PAGE 1 upto this current page.(Believe me! It will be well worth for the time you put into this). ALM
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- #19,334
- Jan 22, 2009 1:44am Jan 22, 2009 1:44am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I believe . . .
- #19,337
- Jan 22, 2009 4:27am Jan 22, 2009 4:27am
- | Joined Feb 2007 | Status: POP FIAT FASCISM | 1,106 Posts
- #19,339
- Jan 22, 2009 4:42am Jan 22, 2009 4:42am
- | Joined Feb 2008 | Status: FOREX - 10% skills, 90% psychology | 1,000 Posts
It goes well..
How was that Ghous?
How was that Ghous?