Well guys I'm going to take a break from this thread for a bit, focus on the PF videos/text tutorials/FIJI's material and spend next week making 100% my own trades....
we'll see you on the charts
g.
I believe . . .
james16 Chart Thread
- #54,241
- Feb 6, 2010 12:02am Feb 6, 2010 12:02am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
we'll see you on the charts
g.
- #54,242
- Feb 6, 2010 12:04am Feb 6, 2010 12:04am
- Joined Nov 2007 | Status: Conscious Incompetence | 3,274 Posts
I felt that I'm becoming more of a recluse the more I trade, I am more quiet and starts to feels uneasy in a crowd where I am not the center of attention, thank God I'm not nervous in front of an audience because I always felt like myself when doing that.
If you are still like this after a few years then maybe there is a deeper issue, until then stay focused and dedicated, but try to have a little more balance.
When the thrill is gone and its boring and you have more money than you know what to do with, I'm sure the last thing you'll be doing is staying glued to the screen.
Don't wish it were easier, wish you were better. ~ Jim Rohn
- #54,245
- Feb 6, 2010 12:18am Feb 6, 2010 12:18am
- Joined Nov 2007 | Status: Conscious Incompetence | 3,274 Posts
Don't wish it were easier, wish you were better. ~ Jim Rohn
- #54,246
- Feb 6, 2010 12:48am Feb 6, 2010 12:48am
- Joined Apr 2009 | Status: Trader | 2,891 Posts
Man, this place is a graveyard in the weekend,
What are you guys doing? I'm working on a daytrade system on HSI Futures but lack historical tick by tick data going back at least 1 year, any Idea where I can find or buy one cheaply? or maybe some one here has a subscription to a quote provider that could provide it for free
To tell you the truth, this is about one of the only two threads I visit regularly in forexfactory, no, that's not the truth, I think the amount of converstion or social interaction I spend here is actually more if compared...
I just completed reading all the posts from my mobile that I missed due to traveling.
IF I AM NOT SLEEPING I AM WATCHING CHARTS AND POSTING AT FF.
anyways Marcel I think it's worth it.
- #54,251
- Feb 6, 2010 4:33am Feb 6, 2010 4:33am
- Joined May 2009 | Status: LIFE ITSELF | 1,058 Posts
this one I have missed it,didn't take it along with my others yen crosess(see chart below) but I do have a plan to nail it down a good entry.
What are the odds of breaking old support 76.50-30. Price bounces right off it so.......
, could be this the same scenario like the e/j free fall from last couple of weeks, when it bounces off old support 127.00 and...... look what she did after that(weekley chart).
Althought we have a PB on dji chart,I do have some concern about ,it was made on friday so is more artificial induced,people tend to take profits after such a large fall,and especially at end weekends.
it could work out to the first critical point(the PB dji chart) and then....,this move can provide a good retracement and it could be a good chance for an entry on crosess if you aren't already in, but I could be totally wrong
and don't forget that on monthly chart we already have a BEOB off an area with a lot of confluence.
this is just my process thought off how I see they will play next week
hope I was clearly enough
and trade wisely
What are the odds of breaking old support 76.50-30. Price bounces right off it so.......
, could be this the same scenario like the e/j free fall from last couple of weeks, when it bounces off old support 127.00 and...... look what she did after that(weekley chart).Althought we have a PB on dji chart,I do have some concern about ,it was made on friday so is more artificial induced,people tend to take profits after such a large fall,and especially at end weekends.
it could work out to the first critical point(the PB dji chart) and then....,this move can provide a good retracement and it could be a good chance for an entry on crosess if you aren't already in, but I could be totally wrong
and don't forget that on monthly chart we already have a BEOB off an area with a lot of confluence.
this is just my process thought off how I see they will play next week
hope I was clearly enough
and trade wisely - #54,252
- Feb 6, 2010 4:52am Feb 6, 2010 4:52am
this one I have missed it,didn't take it along with my others yen crosess(see chart below) but I do have a plan to nail it down a good entry.
What are the odds of breaking old support 76.50-30. Price bounces right off it so.......
Althought we have a PB on dji chart,I do have some concern about ,it was made on friday so is more artificial induced,people tend to take...
Simplicity is the key to success
- #54,253
- Feb 6, 2010 5:13am Feb 6, 2010 5:13am
Hi ALL,
I just wanted to get some thoughts on this action on the DOW chart.
Nice PB
Swing low
Round number.
Opened and closed just above 10000.
I know that we cannot trade this index, but it sure may help to know what the US markets may do in the coming days or so.
Boy
It's not about how much you make, it's about how much you don't lose.
- #54,256
- Feb 6, 2010 7:12am Feb 6, 2010 7:12am
Please check the 3 pinbars I've found for next week trading.
Your comments are welcome.
I've attached two charts. If you'd consider going long on gold, I'd place my buy stop above the orange highlighted area, which in my view is the first area of trouble. If it gets triggered above the orange area, that should now act as support and improve your odds of success.
Second chart is the weekly gold chart. Have a look at the yellow weekly candle. It's not the best example, but it could be called a bearish outside candle. Of course you're looking at a pin on the daily chart, not weekly, but keep in mind that the current trend might well be down. Now, if you'd get a pinbar on the daily in the blue highlighted area of the weekly chart, I'd be more willing to take the risk of going long, because that area has more confluence going for it than the pin of yesterday.
Good luck deciding.
Ciao
It's not about how much you make, it's about how much you don't lose.
Just want to clarify something. Would you consider "locals" or self-employed traders at prop shops retail?? I'm still confused by this whole retail Vs professional debacle. I suppose that at the end of the day it comes down to size .... For instance James w2ould be a pro even though he trades from home!
nope I heaven't mistyped anything
don't forget that whatever the direction of the price moves there is always someone else on the other boat
or maybe I haven't get the principles of price movements
wish you the best!!
PS: don't forget you are just a retail trader not an institutional one
