Nice kiss!
I had a pending order here as well but it expired after the hour didn't break the low as per my rules
Hope you catch a nice runner.
Mike
K.I.S.S.
james16 Chart Thread
- #49,841
- Dec 16, 2009 11:36am Dec 16, 2009 11:36am
- Joined Jan 2008 | Status: In Fibonacci We Trust | 2,397 Posts
K.I.S.S.
- #49,842
- Dec 16, 2009 11:40am Dec 16, 2009 11:40am
This is the second thing you must not do....it's offered first hand in rac's posts..I'm just a junior (also seriously
Then read and note, again and again.
I did it for James16 and for Rac. (I didn't do it for Mike because the first thing I did with this thread was read all his posts 5 or 6 times). It's great to have a physical copy to carry around with you (it runs to many volumes, trust me...
)FOMC ahoy! And anti-GBP bars printing too. It's going to be an interesting 24 hours.
- #49,843
- Dec 16, 2009 11:46am Dec 16, 2009 11:46am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Thanks Mike. If this ends up a daily pin waddya think? Are we gonna be ridin' the same train?
K.I.S.S.
It would be too small of a bar for me as a daily pin but it would be nice if you are holding it from a smaller timeframe like this. Just due to how choppy the markets are overall I was only looking for a quick hit move off the hourly
Best
Mike
- #49,844
- Dec 16, 2009 11:50am Dec 16, 2009 11:50am
Thanks Mike. If this ends up a daily pin waddya think? Are we gonna be ridin' the same train?
K.I.S.S.
I shorted GU too early and paid for it today but now there's a beauty of a bearish outside bar off the 1H 150 that is playing out nicely.
And the GBPAUD 4H pinbar with hidden divergence at a double top that printed 45 minutes ago was another beauty.
Of course three trades is a huge exposure to one currency especially with FOMC coming so I hugely scaled back my position size accordingly. Don't like to get too exposed (all three trades add up to less than 1% risk). And I want to save a little firepower for EU setups in the wake of FOMC.
First day in a while that I've been able to be at my computer all day marking out charts and plotting PPZs. That's why I've been posting up a storm too....
Here's to that GBPCHF runner Rog!
- #49,845
- Dec 16, 2009 12:04pm Dec 16, 2009 12:04pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
I'm with you buddy...lets wait and see what the feds bring us...
Oh, you young bloods....
give you S&W, you ask for tavor, give you the tavor you ask for merkava..
.
- #49,846
- Dec 16, 2009 12:06pm Dec 16, 2009 12:06pm
I've realized that one of the most important things needed to become a good trader is chart time. Once we have a grasp of the basic PA formations, confluence factors, and PPZs areas, we just need to sit on our a$$ and stare at the charts. You can read all the books that you want on volleyball, or watch as many instructional videos on riding a bike as you like... but until you get get your feet in the sand, or scrape your knee on the pavement, you won't really learn.
This is what separates the great traders on this forum from the new ones... this "gut" instinct that can only be achieved with time. I'm grateful to have found such amazing forum, and I am looking forward to spending more time with our friend... the chart.
This is what separates the great traders on this forum from the new ones... this "gut" instinct that can only be achieved with time. I'm grateful to have found such amazing forum, and I am looking forward to spending more time with our friend... the chart.
- #49,847
- Edited 1:02pm Dec 16, 2009 12:27pm | Edited 1:02pm
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
you like jumping the gun, don't you...
Oh, you young bloods....
give you S&W, you ask for tavor, give you the tavor you ask for merkava..
.
Merkava Mark I, MarkII, Mark III, MarkIV.. wow, coincidence/confluence
en.wikipedia.org/wiki/Merkava
- #49,848
- Dec 16, 2009 12:44pm Dec 16, 2009 12:44pm
- Joined Apr 2009 | Status: Trader | 2,891 Posts
you like jumping the gun, don't you...
Oh, you young bloods....
give you S&W, you ask for tavor, give you the tavor you ask for merkava..
.
- #49,849
- Dec 16, 2009 1:00pm Dec 16, 2009 1:00pm
you like jumping the gun, don't you...
Oh, you young bloods....
give you S&W, you ask for tavor, give you the tavor you ask for merkava..
.
- #49,852
- Edited 1:42pm Dec 16, 2009 1:39pm | Edited 1:42pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
you like jumping the gun, don't you...
Oh, you young bloods....
give you S&W, you ask for tavor, give you the tavor you ask for merkava..
.
stop 30pips, target 300..
.
- #49,854
- Dec 16, 2009 1:55pm Dec 16, 2009 1:55pm
you like jumping the gun, don't you...
Oh, you young bloods....
give you S&W, you ask for tavor, give you the tavor you ask for merkava..
.
...but since I have just got the results of the air force selections last week, it seems that I would be a pilot next year
...flying this toy, I will drop a visit http://upload.wikimedia.org/wikipedi...5I_Ra%27am.jpg
- #49,855
- Dec 16, 2009 1:57pm Dec 16, 2009 1:57pm
- | Joined Aug 2007 | Status: I keep my eyes open | 1,108 Posts
let's try this...
stop 30pips, target 300..
.
I wish I knew what Raczek does... One Chart is Worth Ten Thousand Words.
- #49,856
- Dec 16, 2009 2:03pm Dec 16, 2009 2:03pm
- Joined Apr 2009 | Status: Trader | 2,891 Posts
Touch trade off of the 1.4500 eh rac? I took one on the gbpusd, what do you think?
- #49,857
- Dec 16, 2009 2:07pm Dec 16, 2009 2:07pm
- | Joined Sep 2009 | Status: Making Money > Being "Right" | 1,811 Posts
And my long on GU is just triggered.
quite fascinating and inspirational to say the least.
Many choose unhappiness over uncertainty.
- #49,859
- Dec 16, 2009 2:10pm Dec 16, 2009 2:10pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
HAHA I have a friend (one year older than me) riding the Merkava 4
too old to fly these, but love them. My ex neighbor claimed to fly this... or maybe I misunderstood him... lol.
.
Touch trade off of the 1.4500 eh rac? I took one on the gbpusd, what do you think?
