So what's are next likely target Pip?
james16 Chart Thread
- #21,342
- Feb 13, 2009 2:13am Feb 13, 2009 2:13am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #21,344
- Feb 13, 2009 2:20am Feb 13, 2009 2:20am
- | Commercial User | Joined Oct 2005 | 2,899 Posts
Hi rac.... got a beautiful entry on an ib stalling on a ppz.... it wasn't easy but i waited over 400 pips to take some of the table, the rest is already locked with profit.
Observing and using ppzs religiously is definitely paying off.
(secret to 2nd). Don't know what else to say.
- #21,345
- Feb 13, 2009 2:21am Feb 13, 2009 2:21am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Hi Jarroo
If I may chip in...
I'm also in this from the break of the Pin Bar and took some off after 150 pips. It looked like this 13350 area could be a problem but it is moving through this as I type. If this holds I can't see anything on the Daily that should hold it back until around 13550?
hope im right, correct me if im wrong please
134 minor resistence, easy to go 135. if break we have 137 and 140 ahead, but unlikely to reach today
Indicators show the past. Price Action "Indicates" the future.
- #21,346
- Feb 13, 2009 2:23am Feb 13, 2009 2:23am
- | Commercial User | Joined Oct 2005 | 2,899 Posts
gotta chart? lolol.
I'm tired from reading... you go to sleep for few hours and there are pages of new posts.... Thank God for FF filters...
Time for a long vacation...
.
- #21,347
- Feb 13, 2009 2:27am Feb 13, 2009 2:27am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
I'm tired from reading... you go to sleep for few hours and there are pages of new posts.... Thank God for FF filters...
Time for a long vacation...
.
Indicators show the past. Price Action "Indicates" the future.
- #21,348
- Feb 13, 2009 2:34am Feb 13, 2009 2:34am
- Joined Nov 2007 | Status: Conscious Incompetence | 3,274 Posts
If we fall short of the moon, I'd be happy at the 135.60 area or 137 ish highs. I can even see 145.50.
Don't wish it were easier, wish you were better. ~ Jim Rohn
- #21,349
- Feb 13, 2009 2:50am Feb 13, 2009 2:50am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
If we fall short of the moon, I'd be happy at the 135.60 area or 137 ish highs. I can even see 145.50.
Indicators show the past. Price Action "Indicates" the future.
- #21,353
- Feb 13, 2009 4:07am Feb 13, 2009 4:07am
- | Joined Aug 2008 | Status: Dominican PA Trader!!! | 165 Posts
IMO if it brake 130 it will go for 132...I set my entry few pips above 130. TP1 around 131.70 (last bar high); move S/L to BE and next TP could be around 134 or 135....
Only time tells....
- #21,354
- Edited 4:25am Feb 13, 2009 4:08am | Edited 4:25am
Very nice guys. I like the recent Highs 136.50ish.
I really enjoy doing that, and comparing what I done to ur charts, it's really helping
many thanks again.
- #21,355
- Feb 13, 2009 4:16am Feb 13, 2009 4:16am
- | Joined Jan 2009 | Status: Trader | 1,036 Posts
Hi, jarro, May I (we), as a newbie, ask whether u can do more "test" on us please? u ask a question, like ppz, price projection, and we post chart, and then u "mark" for us
I really enjoy doing that, and comparing what I dont to ur charts, it's really helping
many thanks again.
Good idea Pip. I have been doing that lately too and have found it's beneficial to see what the experienced traders see that I miss...whether it's a different FIB location, or trendline, etc.
Josh
- #21,356
- Feb 13, 2009 4:20am Feb 13, 2009 4:20am
- | Joined Jan 2009 | Status: Trader | 1,036 Posts
Sticking to daily charts until you are good has another purpose. I don't think I've ever read of a successful intra day method/system that didn't feature daily and higher time frames as a key to establishing the primary trade direction.
Most intra day trades I take now are due to what I see on these higher time frames and it's working for me.
So definitely learn to trade daily charts successfully first. You use them later anyway!
Just read this and thought it might find some value with some of us newbies...
- #21,357
- Feb 13, 2009 4:24am Feb 13, 2009 4:24am
- | Joined Aug 2008 | Status: Dominican PA Trader!!! | 165 Posts
nice trade, this was only trade for the week for me, looking to hold for a possible few week run, of course locking as we progress.
But this week I took some silly trades that went agaist me
....but you know, I learnt more from my lost trades than from my winners trades....Long path must be walk to get there....
- #21,359
- Feb 13, 2009 4:54am Feb 13, 2009 4:54am
You can't beat Ol' Blue Eyes.
I was still rubbing the sleep out of my eyes when this baby broke up.
Guess I'll have to start getting up earlier.
Trouble is I now feel like I'm missing out which can easily lead to indiscipline.
Happy for you guys that did catch it.
Steve.
I missed this MEGA MOVE too! (Iam from Bangkok too) and later was not comfortable for the late entry into this trade. So just made up the mind as there will always be another trade around the corner.
ALM
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