Well gentlemen, it has been a real orgasm being with you guys this week...
Off now to enjoy the great weekend ahead. First day in almost a month with a decent sun outside in Cancun's Caribbean Sea, so, lets rock & roll.
Wish you the greatest of the weekend and the greatest of pip hunting.
God Bless You ALL....
PS. I'll be around and studing Jarro's, Mike's, Bermac's, the Big Man Jim and all the great Senseis charts and videos...
Namaste....!!!
james16 Chart Thread
- #51,722
- Jan 15, 2010 2:08pm Jan 15, 2010 2:08pm
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Well gentlemen, it has been a real orgasm being with you guys this week...
Off now to enjoy the great weekend ahead. First day in almost a month with a decent sun outside in Cancun's Caribbean Sea, so, lets rock & roll.
Wish you the greatest of the weekend and the greatest of pip hunting.
God Bless You ALL....
PS. I'll be around and studing Jarro's, Mike's, Bermac's, the Big Man Jim and all the great Senseis charts and videos...
Namaste....!!!
Well today I made my first trade ever. Of course it is on demo account. I'm focusing on pin bars and look for them on daily charts. Today I played pin bar at GBP/JPY. It looked to me as a pin bar. And it seems there are some confluence around pin bar (150 EMA, PPZ, round number 150.00). It turns out to profitable trade. 
Probably just newbie's luck.
I set TP to 147.50 and moved SL to b/e once I was 30 pips in profit. In the end there were 94 pips of profit. Feels great.
It was fun looking for pin bars. I started to look for them since January 1st following j16 thread and pdf files. I plan to join j16 group as well.
How many mistakes I made in this trade? I probably done all this wrong, but it was really fun learning experience.
Probably just newbie's luck. I set TP to 147.50 and moved SL to b/e once I was 30 pips in profit. In the end there were 94 pips of profit. Feels great.
It was fun looking for pin bars. I started to look for them since January 1st following j16 thread and pdf files. I plan to join j16 group as well.
How many mistakes I made in this trade? I probably done all this wrong, but it was really fun learning experience.
Edo
- #51,726
- Jan 15, 2010 6:07pm Jan 15, 2010 6:07pm
Anybody feeling a bounce on the EURCAD?
I understand the pinbar's not a pinbar unless it closes within the last bar, but this one looks legit if you utilize the proxy.
I personally think its going to retest 1.5 round number before it makes a decision to move up or down
I understand the pinbar's not a pinbar unless it closes within the last bar, but this one looks legit if you utilize the proxy.
I personally think its going to retest 1.5 round number before it makes a decision to move up or down
Going to go Hunt for some large pips
- #51,727
- Jan 15, 2010 6:13pm Jan 15, 2010 6:13pm
- | Joined Sep 2009 | Status: Making Money > Being "Right" | 1,811 Posts
Many choose unhappiness over uncertainty.
- #51,729
- Jan 15, 2010 6:40pm Jan 15, 2010 6:40pm
- Joined Jan 2008 | Status: In Fibonacci We Trust | 2,397 Posts
Anybody feeling a bounce on the EURCAD?
Attachment
I understand the pinbar's not a pinbar unless it closes within the last bar, but this one looks legit if you utilize the proxy.
I personally think its going to retest 1.5 round number before it makes a decision to move up or down
K.I.S.S.
- #51,730
- Jan 15, 2010 7:06pm Jan 15, 2010 7:06pm
- | Joined Sep 2009 | Status: Making Money > Being "Right" | 1,811 Posts
Many choose unhappiness over uncertainty.
- #51,732
- Jan 15, 2010 7:28pm Jan 15, 2010 7:28pm
wth KISS what happened to your picture?
I was confused for a bit from getting confused at the pic and kiss
Thanks for the advice. I'm probably going to take the trade at the break, but this definitely isn't the best setup especially if you look at the weekly chart.
Cheers!
I was confused for a bit from getting confused at the pic and kiss
Thanks for the advice. I'm probably going to take the trade at the break, but this definitely isn't the best setup especially if you look at the weekly chart.
Cheers!
Going to go Hunt for some large pips
- #51,733
- Jan 15, 2010 7:29pm Jan 15, 2010 7:29pm
- | Joined Sep 2009 | Status: Making Money > Being "Right" | 1,811 Posts
OH NO NOT Sun!
That would give Granholm something else to tax
today on headline news they were showing footage of the Haiti earthquake and the first thought that came in my head was.... "wow.... that weather sure looks nice!"
Many choose unhappiness over uncertainty.
- #51,734
- Jan 15, 2010 7:37pm Jan 15, 2010 7:37pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
- #51,736
- Jan 15, 2010 8:17pm Jan 15, 2010 8:17pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #51,737
- Jan 15, 2010 8:24pm Jan 15, 2010 8:24pm
- | Joined Sep 2009 | Status: Making Money > Being "Right" | 1,811 Posts
Many choose unhappiness over uncertainty.
- #51,738
- Jan 15, 2010 8:26pm Jan 15, 2010 8:26pm
- | Joined Sep 2009 | Status: Making Money > Being "Right" | 1,811 Posts
two more.
pic #1: pinbar (very stuby/weak pin.... but I'm going to post it anyway )
pic #2: DBHLC
pic #1: pinbar (very stuby/weak pin.... but I'm going to post it anyway
)pic #2: DBHLC
Many choose unhappiness over uncertainty.
- #51,739
- Jan 15, 2010 8:46pm Jan 15, 2010 8:46pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
missed opportunities for the week.... apparently trading the daily's is the best way to trade. James is right (shocker).
1st pic: inside bar. (aka, 2 day pin)
2nd pic: BEOB at extreme confluence.
lol (shocker). The Dailies and the Weeklies are where its at, my friend.
The added strength and info they provide just makes it easier, simple as that.
A weekly review of is a great practise Dan, after a week of trading. It usually is followed by "How did I miss that one??!!" lol. Sometimes the best setups are hiding in plain sight.
Indicators show the past. Price Action "Indicates" the future.
- #51,740
- Jan 15, 2010 8:55pm Jan 15, 2010 8:55pm
- | Joined Sep 2009 | Status: Making Money > Being "Right" | 1,811 Posts
lol (shocker). The Dailies and the Weeklies are where its at, my friend.
The added strength and info they provide just makes it easier, simple as that.
A weekly review of is a great practise Dan, after a week of trading. It usually is followed by "How did I miss that one??!!" lol. Sometimes the best setups are hiding in plain sight.
Reminds me how James was teaching his young son to trade and his son grasped it pretty easily.... A child can read a chart.... an adult can read a chart... but can they trade the chart???
Many choose unhappiness over uncertainty.