Decisive moments for Gj 
g.
g.
I believe . . .
james16 Chart Thread
- #52,281
- Jan 21, 2010 1:16am Jan 21, 2010 1:16am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
- #52,282
- Jan 21, 2010 1:33am Jan 21, 2010 1:33am
- Joined Apr 2009 | Status: Trader | 2,891 Posts
hey nasir
well done, but my bias ar for south, in long term movement
just look at chart below,it's self explanatory
wish you the best!!
PS: those are just my thoughts,it could go in your favor but they can reverse and stop you out.
wish you the best!!
Attachment
If it continuous i'm with it if it reverses i'm with it, simple as that for me.
PS: Stop are moved at BE very quick.
.
- #52,283
- Jan 21, 2010 1:49am Jan 21, 2010 1:49am
- Joined Apr 2009 | Status: Trader | 2,891 Posts
hey nasir
well done, but my bias ar for south, in long term movement
just look at chart below,it's self explanatory
wish you the best!!
PS: those are just my thoughts,it could go in your favor but they can reverse and stop you out.
wish you the best!!
Attachment
.
.
Decisive moments for Gj
g.
Would you only play this if you get some juicy PA or would you just open a position once it breaks 30-40 pips outside the trade?
Learning to be rigid in my rules & flexible in my expectations
- #52,290
- Jan 21, 2010 3:40am Jan 21, 2010 3:40am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Hi Ghous,
Would you only play this if you get some juicy PA or would you just open a position once it breaks 30-40 pips outside the trade?
g.
I believe . . .
- #52,291
- Jan 21, 2010 3:50am Jan 21, 2010 3:50am
There is easy solution to this. Partner with your 'serious' and 'business oriented' trading friends from different time zones and dedicate some hours to monitor charts. Whenever patterns of your liking occurs, you sent sms to each other.
Works for me...
- #52,292
- Jan 21, 2010 3:58am Jan 21, 2010 3:58am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Have set up a Buy 10 pips above this pin, although its small the 1.5400 is very very strong so only going north. Plan to take half profit at trendline.
My cable & usd/chf are still going doing running nicely. Been my best week since I started forex so far.
You've got to be very clear what you're doing. Ask yourself honestly if you're trading the pin bar or only the location?
There's heaps of divergence and clearly we're at 1 out of the 2 most important ever long term locations for the pair but as conservative traders all of this is only worth an action if we can get a good PA bar to trigger and base and manage the trade off, obviously the pin bar is not A+ to match the A+ location on the Eur/Aud...
That means the waiting part continues...I can understand how difficult it can be waiting at a juicy location for a PA bar and then having to let go off one when formed only because it's not how it should look...this however is your ultimate challenge...learning to wait for A+ trades at A+ locations and then managing them successfully long before you venture into the <A+ trades and experiment around with your likes and dislikes.
I hope I am not discouraging you from posting analysis or trades or their managements Tree Fingers...just passing along a brotherly advice and helping you avoid pitfalls I was trapped in for ages before I could finally pull out of them
g.
I believe . . .
- #52,293
- Jan 21, 2010 3:59am Jan 21, 2010 3:59am
- Joined Apr 2009 | Status: Trader | 2,891 Posts
Might as well short straight away with those 20 stds to add to your friend's profits Nasir
g.
- #52,294
- Jan 21, 2010 4:01am Jan 21, 2010 4:01am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I'm done Friend you're now on your own.
I believe . . .
- #52,295
- Jan 21, 2010 4:04am Jan 21, 2010 4:04am
- | Joined Mar 2009 | Status: Forex curious. | 216 Posts
My cable short off Daily PB got stopped out. Had placed my stop just above 1.6300 at 1.6310. Would you believe price only went as far as 1.63108 and then turned 'round and is now down at 1.6150!!!
Very nearly a huge win...never mind...there'll be others I'm sure...at least I preserved my capital.
- TTP -
...
Very nearly a huge win...never mind...there'll be others I'm sure...at least I preserved my capital.
- TTP -
...
...I can understand how difficult it can be waiting at a juicy location for a PA bar and then having to let go off one when formed only because it's not how it should look...
- #52,298
- Jan 21, 2010 4:33am Jan 21, 2010 4:33am
We share the same sentiments.. 
I have the same experience with GBPUSD.
I have the same experience with GBPUSD.My cable short off Daily PB got stopped out. Had placed my stop just above 1.6300 at 1.6310. Would you believe price only went as far as 1.63108 and then turned 'round and is now down at 1.6150!!!
Very nearly a huge win...never mind...there'll be others I'm sure...at least I preserved my capital.
- TTP -
...
- #52,299
- Jan 21, 2010 4:53am Jan 21, 2010 4:53am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
What should be the enough stop for daily charts ?...
,u should based your SL on the PA setup u are trading (or on a Support/resistnace or PPZ), not on some arbitrary number.
for example, if u are trading short based on a bearish PB.... your stop should be 5 - 10 pips (or more, depending on your risk profile) above the bearish PB.
- #52,300
- Edited 5:27am Jan 21, 2010 5:04am | Edited 5:27am
- | Joined Nov 2009 | Status: Trader | 126 Posts
Location constitutes a big piece of a setup but it is not everything,
good stuff from the G
I hope I am not discouraging you from posting analysis or trades or their managements Tree Fingers...just passing along a brotherly advice and helping you avoid pitfalls I was trapped in for ages before I could finally pull out of them
g.
I believe though we all have to learn from experiences/mistakes & thankfully we have demo accounts to help us through them.
The AE trade has now triggered so i'll see how it plays out.
Learning to be rigid in my rules & flexible in my expectations