Will be looking for gbpchf longs
tonight...look for clear price action
tonight...look for clear price action
james16 Chart Thread
- #36,822
- Jul 8, 2009 8:29pm Jul 8, 2009 8:29pm
- | Joined Jan 2009 | Status: Trader | 1,067 Posts
Pretty strong zone for mine - plus fib level.
Will be out at round number 150 if price stalls (likely), with 100+
Will be out at round number 150 if price stalls (likely), with 100+
- #36,823
- Jul 8, 2009 8:31pm Jul 8, 2009 8:31pm
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
1. On what I think is a break out into (what i think is) a new trend.... trail stops. (PPZs, two bars or whatever you like) Target major levels and so on .... blah blah blah-----------What do you see that makes you believe that we might be starting a new trend?
When I finish my coffee, the stains in the bottom of my cup talk to me.
...Seeking explained it REALLY well once on this thread. Progressions.
...Also an awesome weekly pin/or whatever with plenty of space??? ....well that would give me a great basis to start planning the progression on the lower scales. ...You'll get it now. Nothing you don't know. Heading into "Space" ( Space? damn mike and his "word of god" definition machine
)edit: Think break outs. Breakout into the next breakout point into the next breakout point.... then freeeeeeee!
Bundy's status today: "Waiting..."
- #36,824
- Jul 8, 2009 8:40pm Jul 8, 2009 8:40pm
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
Pretty strong zone for mine - plus fib level.
Will be out at round number 150 if price stalls (likely), with 100+
Mike would probably agree when I say... "Just not taking it because over time I know it degrades my overall results with the way 'I' trade"
Bundy's status today: "Waiting..."
- #36,825
- Jul 8, 2009 8:41pm Jul 8, 2009 8:41pm
- Joined Jan 2008 | Status: In Fibonacci We Trust | 2,397 Posts
When I finish my coffee, the stains in the bottom of my cup talk to me.
...Seeking explained it REALLY well once on this thread. Progressions.
[font=Verdana][color=black]...Also an awesome weekly pin/or whatever with plenty of space??? ....well that would give me a great basis to start planning the progression on the lower scales. ...You'll get it now. Nothing you don't know. Heading into "Space"...
. Thanks again for all you do here Bundy! This trading thing is starting to sink in and tattoo my brain. K.I.S.S.
- #36,826
- Jul 8, 2009 8:45pm Jul 8, 2009 8:45pm
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Nice.
Mike would probably agree when I say... "Just not taking it because over time I know it degrades my overall results with the way 'I' trade"
Trading is waiting and waiting, and then taking advantage of the situation when it finally does meet your criteria. The rest I could care less about.
I still remember the days. "OMG what a big move I just missed, oh well this has to be the end, I am in." "ah shit should have waited."
- #36,827
- Jul 8, 2009 8:54pm Jul 8, 2009 8:54pm
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
I still remember the days. "OMG what a big move I just missed, oh well this has to be the end, I am in." "ah shit should have waited."
...Yeah ...and the 'ole.... :- "Well, it'll be awesome if I can get in at point C , but just so I don't miss out I'll put on half right now and then the rest later if it makes it there. ....Wow going to have an awesome R:R potential if it DOES get to C!!!"
In the mean time most of your trades draw down your account before either stopping out totally or reversing at the 'higher probability' entry point C. LOL
Bundy's status today: "Waiting..."
- #36,828
- Jul 8, 2009 9:04pm Jul 8, 2009 9:04pm
- Joined Jun 2006 | Status: Vivere! | 1,034 Posts
Pretty strong zone for mine - plus fib level.
Will be out at round number 150 if price stalls (likely), with 100+
I like this trade for you for one reason - you traded what you saw and believed. And you won for it. BRAVO! This is a big lesson for all the new people - eventually you've got to on with your own thinking and understanding. Demo and demo and demo - it will come.
I'm pretty much done with all this ...
- #36,829
- Jul 8, 2009 9:09pm Jul 8, 2009 9:09pm
- Joined Feb 2008 | Status: sucker for punishment | 2,444 Posts
LOL
...Yeah ...and the 'ole.... :- "Well, it'll be awesome if I can get in at point C , but just so I don't miss out I'll put on half right now and then the rest later if it makes it there. ....Wow going to have an awesome R:R potential if it DOES get to C!!!"
In the mean time most of your trades draw down your account before either stopping out totally or reversing at the 'higher probability' entry point C. LOL
PATIENCE... DISCIPLINE
- #36,830
- Jul 8, 2009 9:21pm Jul 8, 2009 9:21pm
- | Joined Jan 2009 | Status: Trader | 1,067 Posts
Nice trade. You got your 100 in a matter of hours.
I like this trade for you for one reason - you traded what you saw and believed. And you won for it. BRAVO! This is a big lesson for all the new people - eventually you've got to on with your own thinking and understanding. Demo and demo and demo - it will come.
Did anyone else take it ??
- #36,831
- Jul 8, 2009 9:26pm Jul 8, 2009 9:26pm
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
hey!!!!...you been reading my account statements?!?!?!?!
I've got that one covered emotionally...mostly... But sometimes I don't look properly and will get caught out and see an obvious mistake related to that very same problem.
It all comes down to looking for reasons not to trade. ...As usual.
( And often zooming out even further would have been the preventative cure. lol)
Bundy's status today: "Waiting..."
- #36,833
- Jul 8, 2009 9:26pm Jul 8, 2009 9:26pm
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
But surely we can read something into the massive tails on GJ and EJ ?
Pretty strong zone for mine - plus fib level.
Will be out at round number 150 if price stalls (likely), with 100+
pipmyride,
nice trade.
often, but not very very often, price bounces/reverses after a huge/significant fall, with or without PA setups (PBs, BUOBs, etc) ---- this must be due to trailing stops & stops getting hit (risk management &/or profit-taking), along with (small) longs/buys joining in. This bounce/reversal may or may not gather momentum for a bigger or total reversal.
having said that, trade management & experience are the very vital keys here. so the best & easier way to go is avoid these setups until one is ready, comfortable, & experienced to take these setups on.
just my observation for quite some time now.
- #36,834
- Jul 8, 2009 9:32pm Jul 8, 2009 9:32pm
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
Did anyone else take it ??
I have levels, but that's it.
.
Bundy's status today: "Waiting..."
- #36,835
- Jul 8, 2009 9:44pm Jul 8, 2009 9:44pm
- | Commercial User | Joined Feb 2005 | 2,875 Posts
damn nice pip.
jim
jim
Pretty strong zone for mine - plus fib level.
Will be out at round number 150 if price stalls (likely), with 100+
- #36,837
- Jul 8, 2009 9:59pm Jul 8, 2009 9:59pm
- | Joined Apr 2008 | Status: J16 Turtle | 1,572 Posts
check out what happened to the pin above it
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !