Hi Warren,
Yes, these 3 cases happen. of course, #3 is the most profitable.
#1 & #2 are profitable too once a trader is experienced enough.
I won't promise when, but i'll try to put up some charts to illustrate these.
Hope this helps
- #622
- Jul 13, 2009 11:16am Jul 13, 2009 11:16am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
here is another Bolli. thread u might want to check out. That is zamah's thread. u can check that thread purely for the charts so as to get more feel/experience of using the Bolli. bands.
again i highly recommend u review jankone's thread together with james16 thread to get better on seeing S/R's or PPZs.
S/R + Bolli + divergence is 1 of many powerful combinations.
btw, to learn more about BBs, see the website (http://www.bollingerbands.com/) of BB's creator, John Bollinger. again, his book is highly recommended reading (Bollinger on Bollinger Bands).
Learn about the 15 Basic Bolli. rules there (for those really interested on BB)
Here is a short video about BB.
if time permits (& if i dont procrastinate
, lol), i'll open a thread related to BB next year.
again i highly recommend u review jankone's thread together with james16 thread to get better on seeing S/R's or PPZs.
S/R + Bolli + divergence is 1 of many powerful combinations.
btw, to learn more about BBs, see the website (http://www.bollingerbands.com/) of BB's creator, John Bollinger. again, his book is highly recommended reading (Bollinger on Bollinger Bands).
Learn about the 15 Basic Bolli. rules there (for those really interested on BB)
Here is a short video about BB.
if time permits (& if i dont procrastinate
, lol), i'll open a thread related to BB next year.
eurjpy m5 few seconds ago hit my tp
was a really nice trade. ct div + pin.
I'm proud about myself. I did open this trade, no changes tp or sl,no fear, no stress, no greed.
just choose sl + Tp and WAIT.
(tp was 129.30, a few pips over the blue ema21)
Is that your typical take profit area? Still so clueless on where to be taking profits, I try to draw support/resistance but end up with a million lines lol.
I did write it many times.
but once again
I use for tp round numbers, s/r, previous low/high, and in ct is good ema21 for tp.or just 1:1..2 or more... there are enough ways :-)
but once again
I use for tp round numbers, s/r, previous low/high, and in ct is good ema21 for tp.or just 1:1..2 or more... there are enough ways :-)Well played
- #627
- Jul 13, 2009 12:41pm Jul 13, 2009 12:41pm
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
sometimes you just "feel it"
I know that i would be really scared about your "div"
look at mine and your div.usually i'm looking for div in small area or big div in flat market
yes, it's in S/R, yes it's off upper BB, maybe you can trade it without div, I'm here just for inspirition and don't way you guys to trade 100% my way.
I just know what I want to trade and when not.
and i believe 1+2 is no trade for me and about 3 i would be hesitating.
Because , from my experience = I can see sometimes really nice pin, but it's strongly CT and there is no div. I don't take it and it saves me money. Yes, sometimes it's nice run but many times it's fast run to SL.
So stick with YOUR rules.
yes, i'm picky but you can see my trades are usually trades A+, screaming "I AM HERE ".
You can imagine the trade as the girl.
There's no div? bad pinbar? ( she's ugly, fat and no parfume, oh god I want want here) = why should you trade?
Is it A+? pin, div, good location, etc?
(is she nice? god i love her) = then you trade.
I know that i would be really scared about your "div"
look at mine and your div.usually i'm looking for div in small area or big div in flat market
yes, it's in S/R, yes it's off upper BB, maybe you can trade it without div, I'm here just for inspirition and don't way you guys to trade 100% my way.
I just know what I want to trade and when not.
and i believe 1+2 is no trade for me and about 3 i would be hesitating.
Because , from my experience = I can see sometimes really nice pin, but it's strongly CT and there is no div. I don't take it and it saves me money. Yes, sometimes it's nice run but many times it's fast run to SL.
So stick with YOUR rules.
yes, i'm picky but you can see my trades are usually trades A+, screaming "I AM HERE ".
You can imagine the trade as the girl.
There's no div? bad pinbar? ( she's ugly, fat and no parfume, oh god I want want here) = why should you trade?
Is it A+? pin, div, good location, etc?
(is she nice? god i love her) = then you trade.
Hi.
I think pin# 3 is most valuable here. Just look how he test very important resistance ( tested before 3 times ). Perfect trade.
Cheers.
- #630
- Jul 13, 2009 1:01pm Jul 13, 2009 1:01pm
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
yes, i'm picky but you can see my trades are usually trades A+, screaming "I AM HERE ".
You can imagine the trade as the girl.
There's no div? bad pinbar? ( she's ugly, fat and no parfume, oh god I want want here) = why should you trade?
Is it A+? pin, div, good location, etc?
(is she nice? god i love her) = then you trade.
Jankone,
this analogy (trade = girl) is for men only.
what about an analogy for the women?
- #633
- Jul 13, 2009 9:09pm Jul 13, 2009 9:09pm
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
there is a saying "u aren't what u drive"
Jankone,
that is the positive analogy.
what about the negative analogy?
[your mentioned analogy is pretty harsh, but here it is "( she's ugly, fat and no parfume") ]
"if he has big porsche, big account, big....ehm "
Jankone,
that is the positive analogy.
what about the negative analogy?
[your mentioned analogy is pretty harsh, but here it is "( she's ugly, fat and no parfume") ]
eurjpy m5 few seconds ago hit my tp
was a really nice trade. ct div + pin.
I'm proud about myself. I did open this trade, no changes tp or sl,no fear, no stress, no greed.
just choose sl + Tp and WAIT.
(tp was 129.30, a few pips over the blue ema21)
Just want to ask you: would you take the setup earlier? I saw two ways of drawing the RSI Highs, one gives div and the other doesn't. Which of the two recent Highs carry more significance? Thank you!
it was "joke"
another , same example is like poker cards, you just play with 10JQKA or pairs...
it's same thing with pinbars...if you play 2-7 combo, most time you will be losing money..
another , same example is like poker cards, you just play with 10JQKA or pairs...
it's same thing with pinbars...if you play 2-7 combo, most time you will be losing money..
there is a saying "u aren't what u drive"
Jankone,
that is the positive analogy.
what about the negative analogy?
[your mentioned analogy is pretty harsh, but here it is "( she's ugly, fat and no parfume") ]
I think you can't know why. but you can know and learn "how"
( when to exit if it's 15 min +- 2 pips, how to set sl, how to set moneymanagement etc)
i think it was good looking setup. next time with trend trading you can have this small loss 2-3x $ back
( when to exit if it's 15 min +- 2 pips, how to set sl, how to set moneymanagement etc)
i think it was good looking setup. next time with trend trading you can have this small loss 2-3x $ back
Hi guys, can you help point out why I should not take this trade (the PB in shade), even though it's with trend? Thanks!