les't see how it goes....
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- #19,562
- Jan 26, 2009 8:41am Jan 26, 2009 8:41am
- | Joined Mar 2008 | Status: shoe shine boy | 1,146 Posts
- #19,563
- Jan 26, 2009 9:11am Jan 26, 2009 9:11am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Anyone end up taking this trade off the break of the daily pin?I know some of you were watching it.I missed it due to this thing called a day job.It is up about 60 pips so far.
I believe . . .
- #19,565
- Jan 26, 2009 9:16am Jan 26, 2009 9:16am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I believe . . .
- #19,566
- Jan 26, 2009 9:21am Jan 26, 2009 9:21am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Can you drop a chart just to see your analisys, your entry, s/l and posible TP??
Thanks buddy...
SL's above 1.16 (mental stop)
Regards,
Ghous.
I believe . . .
- #19,567
- Jan 26, 2009 9:33am Jan 26, 2009 9:33am
- | Joined Aug 2008 | Status: Dominican PA Trader!!! | 165 Posts
I posted the reasoning earlier and here is my first take profit zone...it lies somewhere around 1.13 - 1.12
SL's above 1.16 (mental stop)
Regards,
Ghous.
, we could be right, we could be wrong, but now things looks easier than I first started watching PA's J16 thread. Still long way to go, but walking slowly and patient to the end.
BTW, whtat do you mean with "MENTAL STOP"?
- #19,568
- Jan 26, 2009 10:03am Jan 26, 2009 10:03am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I glad to see more often Im seeying same thing most experience guys here see
BTW, whtat do you mean with "MENTAL STOP"?
I'm around my computer screen currently so did not place the stop physically, but will place it when i leave my computer screen. The mental descision of a SL at 1.13 - 1.12 is what i called a "mental stop".
Cheers,
Regards,
Ghous.
I believe . . .
- #19,569
- Jan 26, 2009 10:04am Jan 26, 2009 10:04am
Mental Stop is a stop loss which you have in your mind thus mentally not physically like the ordinary stop loss order...
I glad to see more often Im seeying same thing most experience guys here see
BTW, whtat do you mean with "MENTAL STOP"?
- #19,571
- Jan 26, 2009 11:12am Jan 26, 2009 11:12am
- | Commercial User | Joined Oct 2005 | 2,899 Posts
Nah! He's absolutely correct...
Is there any part of this crazy market you don't catch, what's your monthly income...20,000 pips or so??
Sometimes it is 4000, sometimes 0, sometimes -200.
Pips don't matter any longer. It's knowing your risk and size (not that size
) that matters.
- #19,573
- Jan 26, 2009 11:24am Jan 26, 2009 11:24am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
we broke one level so we already know our next range we'll be taking action in..
.
Regards,
Ghous.
I believe . . .
- #19,575
- Jan 26, 2009 11:34am Jan 26, 2009 11:34am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
here's another nice looking setup i caught my eyes on, looks like they're poppin up anywhere you wanna hav em'
It's a lovely pin bar off great location IMO...
Chart 1: Trendline and ppz confleunce.
Chart 2: Fib confluence.
combine the 2 and you're ponerding over your trade appetite, will see if mine will allow me to take this one...
Regards,
Ghous.
It's a lovely pin bar off great location IMO...
Chart 1: Trendline and ppz confleunce.
Chart 2: Fib confluence.
combine the 2 and you're ponerding over your trade appetite, will see if mine will allow me to take this one...
Regards,
Ghous.
I believe . . .
- #19,576
- Jan 26, 2009 11:40am Jan 26, 2009 11:40am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
same with cable,
know when to take some profit, know what to do when we get a break out.
.
We have the 1.4 ofcaorse and along side it are two matching highs...should take some breaking...
I believe . . .
- #19,577
- Jan 26, 2009 11:47am Jan 26, 2009 11:47am
- | Commercial User | Joined Oct 2005 | 2,899 Posts
I was eyeing the 1.4 region too, Rac...
We have the 1.4 ofcaorse and along side it are two matching highs...should take some breaking...
Observation, practice, repetition... That's how we learn and develop proper mind set...
It's time to sit back, relax and enjoy yen , getting weaker and weaker..... I wonder if we get any shakeout first
- #19,578
- Jan 26, 2009 11:52am Jan 26, 2009 11:52am
hello guys,
greetings to all
i think its time to start demo trading wat ive learnt from here
hope u guys dnt mind, wld be posting some charts to find out from u guys whether my analysis is correct
thank you
greetings to all
i think its time to start demo trading wat ive learnt from here
hope u guys dnt mind, wld be posting some charts to find out from u guys whether my analysis is correct
thank you
Simplicity is the key to success
- #19,579
- Jan 26, 2009 11:56am Jan 26, 2009 11:56am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
hello guys,
greetings to all
i think its time to start demo trading wat ive learnt from here
hope u guys dnt mind, wld be posting some charts to find out from u guys whether my analysis is correct
thank you
you're most welcome to do so...let's Bring it on
but...uh...oh...Zzzz
Guess i've to call that the day...and check back on your smart work later Squeezy,
Will C ya guys later tomorrow...
Regards,
Ghous.
I believe . . .
- #19,580
- Jan 26, 2009 11:57am Jan 26, 2009 11:57am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
hello guys,
greetings to all
i think its time to start demo trading wat ive learnt from here
hope u guys dnt mind, wld be posting some charts to find out from u guys whether my analysis is correct
thank you
and demo first is the smart thing
Mike