Time to reverse again.
james16 Chart Thread
your charts always look so nice and clean, i dont know why i tend to overload mine with s/r lvls and fibs and so on...
btw. /bow to the master
p.s. niece ...during the night a lot of good stuff appeared to read
- #52,104
- Jan 20, 2010 3:35am Jan 20, 2010 3:35am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
- #52,105
- Jan 20, 2010 3:36am Jan 20, 2010 3:36am
- | Joined Oct 2008 | Status: Learning | 1,057 Posts
Practice, practice and more practice. When I look back 6 months earlier on my charts (time when I was jumping from one to another system), candles were just invisible, there were so many indicators, oscillators and other stuff. When I came to J16 thread everything is more clear.
p.s. niece ...during the night a lot of good stuff appeared to read
What you do is a reflection of you....what I do is a reflection of me.
- #52,106
- Jan 20, 2010 3:40am Jan 20, 2010 3:40am
- | Joined Jan 2009 | Status: Trader | 1,067 Posts
Well this good GBP news has killed those cable shorts ... for now ... but im now seeing why some rate money management as the holy grail - otherwise i would have nothing to show for the whole move ... 
- #52,107
- Jan 20, 2010 3:40am Jan 20, 2010 3:40am
Lots of cable news due out in 5 minutes, good time to close shorts?
edit - Kept half open @ BE, didn't seem to devasting & looking like <6300 is holding up
I did, and got stopped out on my daily pinbar entry yesterday
- #52,111
- Jan 20, 2010 4:49am Jan 20, 2010 4:49am
your charts always look so nice and clean, i dont know why i tend to overload mine with s/r lvls and fibs and so on...
btw. /bow to the master
The idea is to pound them in your head through endless repetions, we as humans has a unconcious tendency for pattern recognition which may/may not be useful in trading, but in Jim's case, it's about 27 years of repetitions, I won't be so worried about catching up to him so soon, IMO just being profitable in the end of the month is enough reasons to know that we are doing it correctly.
Cheers.
M.
Hello marcelnyo, Ezzy ....
I have exercise for You
(for training purpose).
It's after fact PB but I wonder if you would take this pin, if yes where would be TP and PPZ.
My setup would be.
Weekly support: 1,9400
Weekly resistance: 2,0000 - but maybe I force this line and should be 1,9000
S/L: 1,9290
Open: 1,9501
TP 1: 1,9680
TP 2: 1,98xx - don't know there is some traffic one the left side.
What's your opinion ? (of coure if You want and have time)
http://picnac.com/images/4292en.gif
I have exercise for You
(for training purpose).It's after fact PB but I wonder if you would take this pin, if yes where would be TP and PPZ.
My setup would be.
Weekly support: 1,9400
Weekly resistance: 2,0000 - but maybe I force this line and should be 1,9000
S/L: 1,9290
Open: 1,9501
TP 1: 1,9680
TP 2: 1,98xx - don't know there is some traffic one the left side.
What's your opinion ? (of coure if You want and have time)
http://picnac.com/images/4292en.gif
- #52,115
- Jan 20, 2010 5:48am Jan 20, 2010 5:48am
- Joined Apr 2009 | Status: Trader | 2,891 Posts
Way early still..........BUT, if this prints an 8 hour pin bar (2 4 hour bars) or a beob on this first trip back to 1.55 (either PA setup would need a close below 1.55 to keep my interest) I will be going short.
I don't play many 4 hour bars, but this level could cause a big drop if it truly acts as resistance now...........
On the flip side, any strong bullish PA would convince me the area will hold and I would be long.
Nathan
It's not my pair but i would've bought it where its sitting, Breakout+Retrace+PPZ+Round Number.
Nathan
- #52,120
- Jan 20, 2010 6:25am Jan 20, 2010 6:25am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts