james16 Chart Thread
could be interesting next week. still like to see how today ends but we are seeing some interesting moves.
gold is up & US dollar is down.
dow is down but yen pairs are bullish
maybe the dow is waiting for the s&p to put in its double bottom before we rally up.
get that trigger finger ready ghous. next week could be busy...
I would still have daily/weekly on, but add ppz for that tf to have a visual reference where price could encounter hiccups.
no, index itself.
It could be Ecuador's Index or nikkei or anything else. I started trading foreign indexes (without much knowledge of the country's economy) based solely on DJ index. [b]DJ acts as a barometer for every other index in a 'normal' country in the world. When I expect dj to hit resistance and bounce off it, I can safely play any index in the world. Just check next Monday major world's indexes....
OMG. Yes, I notice the difference. I got a lost. I feel so bad, becuase this was a good trade, bad Managed by me. I couldn't notice first target area that should be placed @ 47 instead of 46.50 . This week has horrible for me, I lost all my profits and now Im a little below BE in my Demo account.
For me is enough for this week...feel bad now...I need to sit back deep breath, and find what went wrong.
Have a nice weekend guys....
What you're trying to conquer has been done by only a few ppl before you, keep your focus straight you'll do it, trust me 
Ghous, im very amazed by ur trade. very very nice. 3 trade all tp hit so well (gj is only a few pips away).
Hope we all can re-study the 3 charts again and again, also how u allocate the risk into the 3 trades, and how u min the SL. so nice and thank u so much for that.
http://www.forexfactory.com/showpost...ostcount=22057
You got it Ghous !! Very Beautiful work indeed.
) and out with small profits on Eur/Jpy and Gbp/Jpy via the trail stops.
Hey BW
Welcome to the thread....
Take it easy bud
Have a good weekend!
Regards,
Ghous
I am not yet confident on a bull run on DJ, or let's say there has'nt been any solid PA to suggest that (comething like a weekly close at or above the 7500 level). Morever we've broken through the 7500 level which may now act as resistance should price pullback, but we'll see...
Jeff what makes you feel Dow's ready for that rally? I am still learning...
Regards,
Ghous.
On this entry, what will you be looking for on a 4hr chart for entry?
)
Hi ya..
Just wondering any of the more experienced peoples on this thread could you please just answer this quick question..
When using price action formations for Buy/Sell scenarios eg:BEOB, BUOB..I notice that when putting a proper stop loss at High or Low of the bar you could easily be looking at a 200 - 300 pip stop loss needing a large account balance hence Mike's attachment, would I be correct in saying that?
Thanks in advance for any help on this,
Adrian
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My broker (Oanda) allows me to use any lot size I want. This means that I can set large stop losses and risk as little as one cent per pip.
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Actually ...much less less than 1c per pip.
Considering the time frame newbies should be sticking to, Oanda's negatives mostly aren't a problem.
I personally think they're a fantastic broker for new comers to start with. No sizing limitations that can cause oversized trades. ...Just use MT4 for your charting.
Usd/CHf...
This one did a little more then I wanted it too for the Friday close lol! A decent close below 1.16 would have been enough but anyways should still be good for another 120-130 pips before we hit a strong area...
Regards,
Ghous.
