DislikedHi CW,
any interest in the daily pin on eur/gbp.
- in direction of trend
- long nose
- bounce off PPZ around 0.86
but it is at a swing low. any thoughts? thanks!
Ignored
I will probably pass on this one to be honest.
CW
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DislikedHi CW,
any interest in the daily pin on eur/gbp.
- in direction of trend
- long nose
- bounce off PPZ around 0.86
but it is at a swing low. any thoughts? thanks!
Ignored
DislikedHi all,
two great setups..
beautiful pins in the direction of the trend..
Gbp/Chf is also reacting from an important support..
ClodeIgnored
DislikedSorry guys I've been a little out of my head lately, but weren't we looking at this EURJPY area a week or so ago waiting for a test of the broken trendline?
Someone update me what's going on but I'm seeing some potential here on the daily.
AttachmentIgnored
DislikedHi Nomask. The charts look good for a long. The 96.50 area has been an area of support and resistance since March 2008.Ignored
DislikedHi all,
two great setups..
beautiful pins in the direction of the trend..
Gbp/Chf is also reacting from an important support..
ClodeIgnored
DislikedI actually just took a pending order 15 pips above the pin bar on the GBP/CHF. Reacted nicely off 23 fib weekly level. Against the overall trend. Waiting for confirmation. Expecting some trouble at 1.7900 level after that looking for take profit at 1.8135; right before weekly upward channel resistance area. Risking around 1%.
Also, no one is talking about the pin on the EUR/CAD (6/17). It reacted to 23% fib weekly level. My sell stop hit and now I am in (15 pip confirm). Expecting trouble a little early here, but if price breaks 1.5680 I would...Ignored
DislikedUsdjpy...i'll take this long if that two-day pinbar gets broken by 20 pips or so..Ignored
DislikedWe talked about it in my webinar last night. We concluded that there was a nice thick zone to fight through. Not overly excited about that pin. You are talking the 4 hour one from last night I assume???? (Sorry, answering on my phone.)
CWIgnored
DislikedYes I am talking about that one. There is some mish mash there. I wish I saw that webinar. Was that on James16 Group's website?
Anyways, I see what your saying based on weekly s/r levels. Are you talking about that middle area of 1.5650 in addition to the other areas? I do see multiple touches on weekly/monthly there that I missed. Looks like I need to do a better job analyzing s/r levels prior to getting in (to double check my previous work).
With that said, I am sticking to my guns, a trade isn't done until it hits my stop loss.Ignored
DislikedAnother trade I took....
Sino Land, a real estate company in Hong Kong. All exchanges are the same. This stuff works wherever.Ignored
Dislikedwhats your target area? $15 and up? you think you may get some minor resistance just above $13 where it has previously gapped?Ignored
DislikedHi Cw
Here is my thinking after listening to your blog. I was thinking about all the people that are in Big Brother and other reality shows. I can't say I'm sure about their goals but I guess they all want to become famous. Only a very few of them reach their goal and that's the people that are the best at what they are doing in one or the other way. They do something that they are very good at.
Same thing in trading. A lot of people try but only a few of them reach their goals and it is those people that are doing it very good. I think it's the...Ignored
DislikedFunny how less stressful it is. Think of it like looking at the city below from the top of the Empire State Building. There is a lot of traffic coming and going.....but up there - it's a lot easier to see what is really going on. When you are at street level (5 minute chart) everything seems like total chaos.Ignored
DislikedHi CW.
Good compared, I like this one.
Yesterday my CADJPY got stopped out. It was the only trade within 6 business days. It also was the trade with the highest profit I took ever. I had numerous trades wich had more floating profit than this but may be now I slowly get a clue how to find out when a trade could be over and put the stop reasonable. In this trade the break through 84.50 was not really confirmed and I did not see much reason for further down so I put the stop to 85.00 which was the next round number and a bit above the 38.2 fib...Ignored
DislikedWhat a day today.
Long GU
Short UJ
Could be 2%
Im thinking ive found my comfort zone.
Find a daily box and trade the extremes from 4hour.
Ive seen pins / Outside bars fail too often to have faith in them.
Price reacts to pivot zone and may or may not create a pattern.
Even if it creates a pattern you call a pin, that pin can still fail.
The pivot is the key, not the pattern.
If the pivot is good -trade it. If you get a pattern too, nice. If not - no big deal...Ignored