james16 Chart Thread
- #50,942
- Jan 7, 2010 1:12am Jan 7, 2010 1:12am
oh my... how did u know
so u were 1 of those Big Boys who initiated this upmove huh
let's see if it'll have another bullish Daily close...
I wasn't sure of the momentum back then pre-holidays so I deleted the order on my larger account
but it was a real fun trade... if it dies at my stop on 0.7270 this will be my biggest gain ever percentage wise...
- #50,943
- Jan 7, 2010 1:27am Jan 7, 2010 1:27am
Hello everyone,
Any one playing the Bearish PB on the 4H AUDJPY?...
It is on a high swing topping a double top and a bearish div as well, so, Im in....!
It is on the Interbank broker.
I know, ahead of comfirmation, but....
Cheers....
Investor7
I've been watching this pair too, but I'd thread lightly if I were to trade againts the trend here, but anything can happen, and especially if you've perfected these kinds of setup in the past, surely you'll be comfortable trading them, following chart offers my prespective and expectations for this pair.
There's a synthetic 8-hour bearish pin right now, but the low has been rejected so hard, literally, I was there to see the price advance rapidly, but if I were long, I'd worry of 86, the extreme low at august 2007 was exactly at that point.
Hope that doesn't confuse you more
One good thing though is it makes it expensive for my parents to come & visit
Learning to be rigid in my rules & flexible in my expectations
- #50,949
- Jan 7, 2010 3:44am Jan 7, 2010 3:44am
- | Commercial User | Joined Feb 2008 | 4,633 Posts
Here is what i see on Nzd/Usd.....
Price just broke out a resistence zone and a trend line on the daily.....now is pulling back on the previous R and TL now hopefully become a Support where to look for PA....
Any comments on this??
Thanks as always
- #50,953
- Jan 7, 2010 5:03am Jan 7, 2010 5:03am
Hello everyone, I've finally finished reading this entire thread! I'm planning on re-reading it until the information is 100% tattooed in my brain.
Now I've developed a prototype system and I was wondering if you guys can tell me your opinion.
1. Set up Round Number zones.
2. Set up proven ppz/support/resistance around the round numbers to add confluence.
3. Use fibs in order to add another layer of confluence.
4. Draw a plan on the scenarios of where price will move. utilizing the area of confluence.
5. Wait for PA to confirm, then hit the button.
Still trying to work out the best stoploss/takeprofit method that will fit with my personality.
Thank you all in advance
Now I've developed a prototype system and I was wondering if you guys can tell me your opinion.
1. Set up Round Number zones.
2. Set up proven ppz/support/resistance around the round numbers to add confluence.
3. Use fibs in order to add another layer of confluence.
4. Draw a plan on the scenarios of where price will move. utilizing the area of confluence.
5. Wait for PA to confirm, then hit the button.
Still trying to work out the best stoploss/takeprofit method that will fit with my personality.
Thank you all in advance
Going to go Hunt for some large pips 
- #50,955
- Jan 7, 2010 6:37am Jan 7, 2010 6:37am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
Hello everyone, I've finally finished reading this entire thread! I'm planning on re-reading it until the information is 100% tattooed in my brain.
Now I've developed a prototype system and I was wondering if you guys can tell me your opinion....
Still trying to work out the best stoploss/takeprofit method that will fit with my personality...
i made a quick read of your 'prototype system'...
u may add
- using 'divergence' as confluence
- 'utilizing EMA's' (unless u are not comfortable using them/u dont find them useful).
Looking forward to your posts here
- #50,958
- Jan 7, 2010 7:15am Jan 7, 2010 7:15am
- | Joined Sep 2009 | Status: Making Money > Being "Right" | 1,811 Posts
Many choose unhappiness over uncertainty.
- #50,960
- Jan 7, 2010 7:41am Jan 7, 2010 7:41am
Wow, awesome feat!! i commend u for taking the time & dedication to read the entire thread. to be honest, i have not read the entire thread (i have read most of the posts since i joined back in Feb.2009, slowly [selectively] reading the older pages)
i made a quick read of your 'prototype system'...
u may add
- using 'divergence' as confluence
- 'utilizing EMA's' (unless u are not comfortable using them/u dont find them useful).
Looking forward to your posts here
DOH! forgot about divergence i use RSI for divergence.I'm not comfortable using MAs, I tend to lose focus on the big picture when I put the MAs up and start staring only at the MAs and forget about ppz/round numbers/trend.
Until I grain the ppz/round numbers/trends in my head, via practice, I don't want to add any MAs on my chart.
Thanks A Lot Chaos will be posting, but since I only trade the daily, I'll probably have nothing to show XD.
Going to go Hunt for some large pips