Thanks jarroo and mike.
Hope I didn't come off wrong, Ben.
Keep your great post and analysis coming, friend.
Jim
Indicators show the past. Price Action "Indicates" the future.
james16 Chart Thread
- #41,181
- Aug 16, 2009 10:16pm Aug 16, 2009 10:16pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Hope I didn't come off wrong, Ben.
Keep your great post and analysis coming, friend.
Jim
- #41,182
- Aug 16, 2009 10:44pm Aug 16, 2009 10:44pm
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
I may as well put my 2 cents worth in on this debate......
KissFan's Long on weekly PB still can still bear fruit, but on the other hand, TAC's short on BEOB is also valid...
if i followed your posts/discussion correctly, it should be KissFan's long from the Daily PB.
For the sake of the other readers (who might get confused)..
woow, James and Mike together, man that's a surefire, you are aiming very high.....
and been trying to add The voodoo man's (Rac) style, the cheeky trading ........
Your getting there... & what i put here is not aimed at you but all traders going through the seemingly endless cycle of breakeven.........
here's my bump for it!
just a small clarification...
if i followed your posts/discussion correctly, it should be KissFan's long from the Daily PB.
For the sake of the other readers (who might get confused)..
GregB
- #41,184
- Aug 16, 2009 11:06pm Aug 16, 2009 11:06pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Nzd/Usd Daily PB. Nice.
1st target hit. Easy stuff, right guys?
Indicators show the past. Price Action "Indicates" the future.
- #41,186
- Aug 16, 2009 11:25pm Aug 16, 2009 11:25pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
veeeeeery easy
Indicators show the past. Price Action "Indicates" the future.
- #41,189
- Aug 17, 2009 12:57am Aug 17, 2009 12:57am
- | Joined Sep 2007 | Status: Trader | 1,404 Posts
Hi Jarroo,
where would be Your Stop Loss for this Bearish outside bar pattern ?
Thanks.
B,
Tom
where would be Your Stop Loss for this Bearish outside bar pattern ?
Thanks.
B,
Tom
How's that Aud/Usd looking datogio?
- #41,190
- Aug 17, 2009 1:27am Aug 17, 2009 1:27am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Hi Jarroo,
where would be Your Stop Loss for this Bearish outside bar pattern ?
Thanks.
B,
Tom
My stop loss was just above the S/R level (PPZ) 0.8330, about 70 pips. My risk was adjusted according. But once Price broke hard and hit the 1st target at .8205 I took half position off and my second half to break even now.
Many ways to skin this cat or "A" catagory setup. imo
Also note the Daily Bullish PB in powerblue. Is this PB at a great location? Maybe good not great, off a PPZ . Is it at swing Low? No. Yet it did offer some bullish pips, and it may just fail. This status of the Bullish PB gave me confidence in the BEOB.
Indicators show the past. Price Action "Indicates" the future.
- #41,191
- Aug 17, 2009 2:08am Aug 17, 2009 2:08am
The Aud/Usd BEOB is an "A" catagory setup. The ideal stop loss placement would be above the BEOB or above the .8500, for a longer term trade on this setup. I tend to trade more short term and see if they turn into a long term trade.
My stop loss was just above the S/R level (PPZ) 0.8330, about 70 pips. My risk was adjusted according. But once Price broke hard and hit the 1st target at .8205 I took half position off and my second half to break even now.
Many ways to skin this cat or "A" catagory setup. imo
Also note the Daily...
I hear and I forget. I see and I remember. I do and I understand.
- #41,195
- Aug 17, 2009 3:27am Aug 17, 2009 3:27am
Just wanted to clarify why this trade was taken. I thought that BEOBs should be taken at swing highs and this seems to be a sideways market to me
AUDUSD Daily
I hear and I forget. I see and I remember. I do and I understand.
- #41,196
- Aug 17, 2009 3:32am Aug 17, 2009 3:32am
You've got a fair pair of eye balls Bryan,
The best part abt the setup has got to be the location.
And we know what role does "location" play in the validity of the setup,
Like Kiss said it isn't heading into a "vacuum" but a carefully managed trade should surely yield some sweet pips.
All the best,
Ghous;.
Sweet pips indeed. Shooting for 1.7400 area
- #41,197
- Aug 17, 2009 3:41am Aug 17, 2009 3:41am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Sweet pips indeed. Shooting for 1.7400 area
If I was in this trade I would have booked some profit straight away at where price currently is, the end of that long wick of the failed bearish pin bar should catch your attention straight away...
1.74 might still be on the cards but such an anticipation shouldn't have balls big enough to cause you harm, right Bryan?
I believe . . .
- #41,198
- Aug 17, 2009 3:42am Aug 17, 2009 3:42am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Hey Ghous, I love your signature btw. It reminds me of the editor's posts. Check those out, most are golden.
thnx for sig compliment btw,
it's just part of the stuff that clogs up the sides of my 14" screen.
I believe . . .
- #41,200
- Aug 17, 2009 5:21am Aug 17, 2009 5:21am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
Any one here read the journal "Trade what you see..." looks like a pa based method for smaller TF using ma's as...
I'm just sort of checking the threads "outside james16 thread".
editor's posts? enlighten me??
...