close below the 0.9 round number which I am sure will now act as resistance..
james16 Chart Thread
- #20,362
- Feb 4, 2009 5:08am Feb 4, 2009 5:08am
I would never have posted the setup or posted anything on this thread or even joined the forum if i hated questions
You could take it as a ppz break or treat as a simple BEOB trade, for me it was neither in the most pure form. What convinced me was the BEOB ofcoarse and the close below the 0.9 round number which I am sure will now act as resistance.
Regards,
Ghous.
honestly, it's my first wk taking 00 number into consideration in my trades.. need watch more of these.Many thanks again
- #20,363
- Feb 4, 2009 5:08am Feb 4, 2009 5:08am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Anybody considering or took the short on eru/gbp weekly?
I think Its a good opportunity, eager to hear any feed back on this trade.
Regards,
Ghous.
I believe . . .
- #20,364
- Feb 4, 2009 5:13am Feb 4, 2009 5:13am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
nice explanation. thanks
Many thanks again
Regards,
Ghous.
I believe . . .
- #20,365
- Feb 4, 2009 5:15am Feb 4, 2009 5:15am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Gotcha!
I believe . . .
- #20,366
- Feb 4, 2009 5:17am Feb 4, 2009 5:17am
Yes sir
I posted the weekly with my thoughts on it a few pages back. This .90 level is imho the most solid level to be doing anything off of on this pair.
Congrats my fiend
- #20,368
- Feb 4, 2009 5:24am Feb 4, 2009 5:24am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Gotcha!
The same with your BEOB Eur/Gbp
Indicators show the past. Price Action "Indicates" the future.
- #20,369
- Feb 4, 2009 5:27am Feb 4, 2009 5:27am
Gotcha!
, Nice trade ghous . . .That spurt upwards activated my TP on my USD/CHF trade . . .
Charts for anyone thats interested . . .
@ Piproo . . round numbers especially big ones are the cats pyjamas
Chart 1 - What I was looking at last night around 11PM GMT
Also, on chart 1 I didn't put in about the good location and the space / Fib's etc but It was in my mind.
Chart 2 - Just came back to it there now and saw what happened.
- #20,370
- Feb 4, 2009 5:30am Feb 4, 2009 5:30am
Looks pretty good to me, the only problem I see is the 0.88 round number. The BEOB close 37 pips above this ppz and no way is a trade 20 pips below the low of the BEOB a good one on my feed. BUT once this level breaks I see a safe ride to 0.86, though roller coasters can break down in the middle of a ride
Regards,
Ghous.
- #20,371
- Feb 4, 2009 5:32am Feb 4, 2009 5:32am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
That spurt upwards activated my TP on my USD/CHF trade . . .
Charts for anyone thats interested . . .
@ Piproo . . round numbers especially big ones are the cats pyjamas
Chart 1 - What I was looking at last night around 11PM GMT
Also, on chart 1 I didn't put in about the good location and the space / Fib's etc but It was in my mind.
Chart 2 - Just came back to it there now and saw what happened.
That's pretty much the stuf Jim's been talking in that usd/chf webinar he did a few days back is'nt it?
I believe . . .
- #20,374
- Feb 4, 2009 5:40am Feb 4, 2009 5:40am
Nice Jig,
That's pretty much the stuf Jim's been talking in that usd/chf webinar he did a few days back is'nt it?
. I remember when I first watched Jims videos, I watched them about I don't know . . . at least three times each. After a while of watching I eventually got Jim's texan voice literally pummelled into my head, and it's like having James16 with you all the time when you are trading from then on ! (Dead serious !)
"exactly where expected"
"have a look at these bar high's over here"
Must go watch those videos later !
- #20,375
- Feb 4, 2009 5:44am Feb 4, 2009 5:44am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Lol I actually haven't had time to go look at any of the new Webinars yet
After a while of watching I eventually got Jim's texan voice literally pummelled into my head, and it's like having James16 with you all the time when you are trading from then on ! (Dead serious !)
"exactly where expected"
"have a look at these bar high's over here"
Must go watch those videos later !
Lol right you are Jig, his voice does haunt, I believe ya'
I believe . . .
- #20,376
- Feb 4, 2009 5:50am Feb 4, 2009 5:50am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
sorry , silly question here
is it possible to open 2 split trades wit just one order or do i hav to open them separately....my first tp for gbpchf was hit....1.669 & also cadchf
i want to be splitting my trades inorder to take partial profit
anytime, my 1st tp is hit, im out and it tends to go further
also how do i set trailing stop
sorry, never used them b4
thnx guys
) will do it via a "pip gap" of your choice, so if you like trailing price with say a constant 50 pips stop loss here's what you do...look at the window that's showing your trades and right click on the trade you wish to set a trailing stop on, you'll see the tab saying "Trailing Stop" bring your cursor on it and choose one of the standard ones or use your own custom settings
Regards,
Ghous.
I believe . . .
- #20,377
- Feb 4, 2009 5:52am Feb 4, 2009 5:52am
Finally after a LLLOOONNNNGGGGG time...here comes...
a BUOB and a BEOB just the way I lov'em
I'm targeting the grey region for my first tp on the BUOb and the red horizontal line shows my tp 1 for the BEOB on the Eur/Gbp.
Regards,
Ghous.
i took it with the weekly beob in mind but my concerns are that the UK is likely to cut rates this week but the ECB isn't
- #20,378
- Feb 4, 2009 5:52am Feb 4, 2009 5:52am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I just went through quite a few pages where i thought there was a link to it. Didn't find it. But I do remember it was in a thread titled "Show Yourselves" I haven't had much luck refinding that thread. It had a lot of pictures of individuals as well as their homes and/or landscapes. Some amazing pictures. Saw Merlin, which I didn't realize was Alan Greenspan's younger brother (or maybe son? see his picture at his profile) haha.
Just to clarify, I'm talking about mbqb11 Mike. He also said there is a picture of him on the PF.
Sorry no help....
Regards,
Ghous.
I believe . . .
- #20,379
- Feb 4, 2009 5:58am Feb 4, 2009 5:58am
- | Joined Jan 2009 | Status: Trader | 1,036 Posts
k. I'll try searching for it, do we have anyone else from the "Hall of Fame" there? Jarroo, James16
Regards,
Ghous.
I was reading through posts 6210-6810 yesterday... I know it's a pretty big gap to look through... I would think doing a search might be easier... provided you have some extra time on your hands.
Nice trades by the way!
- #20,380
- Feb 4, 2009 6:00am Feb 4, 2009 6:00am
You can place 2 pending orders at the same price, and regarding the trailing stop, you can eaither manually trail it or tell your mt4 to do it for you, the catch here is the silly platform (
look at the window that's showing your trades and right click on the trade you wish to set a trailing stop on, you'll see the tab saying "Trailing Stop" bring your cursor on it and choose one of the standard ones or...
quick question, apart from seeing a good pa like pin, buovb, beovb, wat else do we need to look at to make dat trade an A trade...
i think i need more teachings on consolidation areas/ traffic areas
i think dis wk has been kind of quiet so far, nothing really explosive...correct me if im wrong,
learnt a lot frm u guys,and still learning a lot
thnx
Simplicity is the key to success