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  • #7,881
  • Edited 2:00am Jan 30, 2009 1:59am | Edited 2:00am
Im looking out for USDCAD @ 1.2370-1.2390

Also close to 50%
  • #7,882
  • Jan 30, 2009 2:05am Jan 30, 2009 2:05am
Quoting RedCabbage
Welcome indeed! Did someone turn the light on?
Red Cabbage - where's that damn switch? I know it's here somewhere.

Thexder - Well done! I hope to be joining you soon both in the light and the beer!
RegardsPaul Eamonn
  • #7,883
  • Jan 30, 2009 2:08am Jan 30, 2009 2:08am
Quoting PaulEamonn
Red Cabbage - where's that damn switch? I know it's here somewhere.
In your head
  • #7,884
  • Jan 30, 2009 2:09am Jan 30, 2009 2:09am
Quoting misterboy
Im looking out for USDCAD @ 1.2370-1.2390

Also close to 50%
misterboy - why not a bit lower at 12300/35?
RegardsPaul Eamonn
  • #7,885
  • Jan 30, 2009 2:09am Jan 30, 2009 2:09am
Another one I just took.
Attached Image
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #7,886
  • Jan 30, 2009 2:10am Jan 30, 2009 2:10am
Quoting RedCabbage
In your head
Red Cabbage - LOL!

The weekend is going to be filled with videos!!
RegardsPaul Eamonn
  • #7,887
  • Jan 30, 2009 2:16am Jan 30, 2009 2:16am
Quoting Thexder
Another one I just took.
Apply the same principles to 1h and 4h and you've got lots of 80-150 pip trades. Yesterday I found 500+ pips in set ups in 1h charts if you just take half...

(I didn't take any of them because I was concentrating too hard and managed to talk myself out of each one!)
  • #7,888
  • Jan 30, 2009 2:16am Jan 30, 2009 2:16am
Quoting PaulEamonn
misterboy - why not a bit lower at 12300/35?
O yea, missed it. 38.2 there too.
  • #7,889
  • Jan 30, 2009 2:17am Jan 30, 2009 2:17am
Quoting RedCabbage
Apply the same principles to 1h and 4h and you've got lots of 80-150 pip trades. Yesterday I found 500+ pips in set ups in 1h charts if you just take half...

(I didn't take any of them because I was concentrating too hard and managed to talk myself out of each one!)
That's what I did, and it's very frustrating . Sometimes I wonder... Will I ever learn?

PS: Was talking about not taking trades...
  • #7,890
  • Jan 30, 2009 2:20am Jan 30, 2009 2:20am
Quoting misterboy
Im looking out for USDCAD @ 1.2370-1.2390

Also close to 50%

Looks good, nice confluence.

I'm out for now though guys end of the week /month.

Have a good one
  • #7,891
  • Jan 30, 2009 2:21am Jan 30, 2009 2:21am
Sell stop got triggered un USDJPY @ 89.14, but doesn't look too good. I hope it will work out though.
  • #7,892
  • Jan 30, 2009 2:23am Jan 30, 2009 2:23am
This is easy
Attached Image
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #7,893
  • Jan 30, 2009 2:24am Jan 30, 2009 2:24am
Quoting Thexder
This is easy
It is, if you control your emotions, but don't underestimate it. I did and got bit
  • #7,894
  • Jan 30, 2009 2:24am Jan 30, 2009 2:24am
Quoting bumasoft
That's what I did, and it's very frustrating . Sometimes I wonder... Will I ever learn?

PS: Was talking about not taking trades...
It's all part of the process. Confidence always fluctuates, and the new tricks we learn are sometimes contradictory.

It would have been much worse if all the trades I missed yesterday were losers, then I would have been right to hesitate and I would have no confidence in my ability at all.

Keep it simple.
  • #7,895
  • Jan 30, 2009 2:25am Jan 30, 2009 2:25am
Quoting RedCabbage
Apply the same principles to 1h and 4h and you've got lots of 80-150 pip trades. Yesterday I found 500+ pips in set ups in 1h charts if you just take half...
Yes I will look at that next - having fun scalping today and would like to see how it looks higher up.
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #7,896
  • Jan 30, 2009 2:25am Jan 30, 2009 2:25am
Quoting misterboy
O yea, missed it. 38.2 there too.
In confluence with a 61.8 from lower down the trend. Plus there is a 100% Fib extension taken from the recent up move at 12330.
RegardsPaul Eamonn
  • #7,897
  • Jan 30, 2009 2:26am Jan 30, 2009 2:26am
Quoting bumasoft
It is, if you control your emotions, but don't underestimate it. I did and got bit
I started the long process in mid 2005 and worked out the emotions in the past year..now I'm ready.
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #7,898
  • Jan 30, 2009 2:28am Jan 30, 2009 2:28am
Quoting RedCabbage
It would have been much worse if all the trades I missed yesterday were losers, then I would have been right to hesitate and I would have no confidence in my ability at all.
This is one of those pearls that should be printed out and put on every traders wall! It is the mother of all frozen trigger fingers.
RegardsPaul Eamonn
  • #7,899
  • Jan 30, 2009 2:31am Jan 30, 2009 2:31am
Quoting Thexder
Yes I will look at that next - having fun scalping today and would like to see how it looks higher up.
The same but RR is better, at 15m level the spread can be 25% of your profit.

15m is a good place to learn PA though.
  • #7,900
  • Jan 30, 2009 2:31am Jan 30, 2009 2:31am
Quoting bumasoft
That's what I did, and it's very frustrating . Sometimes I wonder... Will I ever learn?

PS: Was talking about not taking trades...
I do that too. I seem to have many reasons to not take a trade than take them. Then in hindsight they all look great.
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