DislikedAUDUSD
Here you pay attention to this area....with correct price action...and money will fall into your pockets
Sell if price goes up and buy if price goes down
AttachmentIgnored
i went short upon break of weekly pinbar
james16 Chart Thread
- #32,722
- Jun 8, 2009 12:39pm Jun 8, 2009 12:39pm
- | Joined Jan 2009 | Status: Trader | 1,036 Posts
And if anyone is observing the back and forth discussion, Josh and I are on the same page about most things, this included.
You just have such a better way of putting things, lol! I think I'll add your posts as 'must reads'.Getting a nap in now before the day close...
Josh
- #32,726
- Jun 8, 2009 1:19pm Jun 8, 2009 1:19pm
- | Commercial User | Joined Feb 2005 | 2,875 Posts
i know its frustrating but i think your doing the right thing.
people that start out like this have a much better chance of long term success imho.
in 2 years you will know the charts and set ups so well that you will have more trades simply because you know them. never forget that if and when "you make it" you will be 1 of 3 to 5 people standing in a crowd of 100.
you guys/gals trying like hell to be picky and do this right should never forget that during the journey.
what your attempting to do is not easy. the methods taught in this thread are easy but as most of you know the battle is not really on the charts its between your ears.
jim
people that start out like this have a much better chance of long term success imho.
in 2 years you will know the charts and set ups so well that you will have more trades simply because you know them. never forget that if and when "you make it" you will be 1 of 3 to 5 people standing in a crowd of 100.
you guys/gals trying like hell to be picky and do this right should never forget that during the journey.
what your attempting to do is not easy. the methods taught in this thread are easy but as most of you know the battle is not really on the charts its between your ears.
jim
Hi there,
I've been trading daily charts only the last few months and well what can I say I did make some profit. I had literally no loss, one very small but I'd consider it more like a breakeven-trade with some slippage
The problem is that I didn't get a lot of trades and also I didn't score big time. My exit strategy doesn't allow for big runs anyway, I'm more trading like Jim I'd say.
Last month for example I checked my charts everyday, never missed a single day. I got exactly one trade the whole month and it turned out to be a good...
Hi!
Three good trades today: I closed EURUSD that opened last friday, and took this one, and this one.
I owe a part of them (only a part, the risk is mine
) to all of you: since I joined this thread I trade less and my profits are increasing.
Regarding the third trade, must ask you something I don't understand: I set my TP at 1.6075, and was hit, but bit price never reached that level.
Please check my screenshot, with the price the trade was made and the OHLC data for that specific bar.
Hope my broker doesn't ask for the money back!
You can even see the pink mark out of the bar...
Thanks!
Three good trades today: I closed EURUSD that opened last friday, and took this one, and this one.
I owe a part of them (only a part, the risk is mine
) to all of you: since I joined this thread I trade less and my profits are increasing.Regarding the third trade, must ask you something I don't understand: I set my TP at 1.6075, and was hit, but bit price never reached that level.
Please check my screenshot, with the price the trade was made and the OHLC data for that specific bar.
Hope my broker doesn't ask for the money back!
You can even see the pink mark out of the bar...
Thanks!
Trading: the skill of avoiding trades
- #32,729
- Jun 8, 2009 2:51pm Jun 8, 2009 2:51pm
- Joined Jul 2007 | Status: Screw Long Term 5min For Life! | 1,259 Posts
Keep taking CT trades, I need more money 
- #32,731
- Jun 8, 2009 3:00pm Jun 8, 2009 3:00pm
- Joined Jul 2007 | Status: Screw Long Term 5min For Life! | 1,259 Posts
Keep taking CT trades, I need more money
- #32,732
- Jun 8, 2009 3:04pm Jun 8, 2009 3:04pm
- Joined Jul 2007 | Status: Screw Long Term 5min For Life! | 1,259 Posts
still small 
Keep taking CT trades, I need more money
- #32,733
- Jun 8, 2009 3:08pm Jun 8, 2009 3:08pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Man it is taking me FOREVER to catch up on all the missed posts!
But yes there are some great posts and you guys are all awesome!
Of course all the action happens when I am away, but kept enough tabs to catch the gbp/usd and still riding
Mike
Even though you weren't here, you were still on the mind of many.
Which is a good thing.
Indicators show the past. Price Action "Indicates" the future.
- #32,734
- Jun 8, 2009 3:16pm Jun 8, 2009 3:16pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Looks like my 1st target was a bull's eye to say the least.
No ones surprise on why and where it reversed? Correct?
(sorry can't post current charts)
http://i43.tinypic.com/2n707ds.jpg
Indicators show the past. Price Action "Indicates" the future.
- #32,735
- Jun 8, 2009 3:18pm Jun 8, 2009 3:18pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #32,738
- Jun 8, 2009 4:18pm Jun 8, 2009 4:18pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Hey gus i see this week new opportunity
The eur/gbp is under a good ppz , Pin bar under the 150 ema and fib level
what do you think for shorting the eur/gbp the next week?
It has potential. The .8650 is the weekly PPZ, so it could be heading there. Not the best looking PB, but it is one. Let's see how she breaks.
Indicators show the past. Price Action "Indicates" the future.
- #32,739
- Jun 8, 2009 4:18pm Jun 8, 2009 4:18pm
- | Joined Jan 2009 | Status: Trader | 1,036 Posts
The USD/CAD looks tempting with the strong downtrend, but the tail isn't long enough to risk real cash on it. Got a minor PPZ near entry point too...Nothin' doin' tonight.
Switching to white charts... Jarroo style
Josh
Switching to white charts... Jarroo style
Josh
