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  • #421
  • Apr 20, 2010 4:18am Apr 20, 2010 4:18am
are you going to short this one, nasir?

jeurre

Quoting nasir.khan
.
  • #422
  • Apr 20, 2010 4:21am Apr 20, 2010 4:21am
Another go on GU short...

Pending orders on CJ, Gold and AU missed by few pips...hope they come back!

short @ 1.5396 SL@ 1.5435 1%
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 18 KB
  • #423
  • Apr 20, 2010 4:23am Apr 20, 2010 4:23am
I am with you, brother !

Quoting lovejoy80
Another go on GU short...

Pending orders on CJ, Gold and AU missed by few pips...hope they come back!

short @ 1.5396 SL@ 1.5435 1%
  • #424
  • Apr 20, 2010 4:28am Apr 20, 2010 4:28am
Quoting lovejoy80
I wanted to short this earlier...but missed it on the news spike
Haha.

U are never too late for a trade, there is always an another chance. But you could be too much early in a trade and that's the start of the capital destruction.

anyways just went short GJ.
.
Attached Image (click to enlarge)
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  • #425
  • Edited 4:44am Apr 20, 2010 4:30am | Edited 4:44am
Quoting neutro
That's a trade I wouldn't have taken. That PPZ isn't really a PPZ and there's a bit more to go to 50 or 61.8% fib. I would look for shorts at around 85 (but I'm not looking ). But I think nasir and LJ can have a say better than mine.

Edit: And as I can tell, you have your fib drawn uspide down. It should be something like in the pic below. Start from the latest swing high and then go to the latest swing low in this case.

This whas the main reason for short

http://i41.tinypic.com/6ht1di.jpg

Thanks for help guys thats what i am looking for I closed position with bit profit and wait for new setup
  • #426
  • Apr 20, 2010 4:36am Apr 20, 2010 4:36am
Quoting jeurre
are you going to short this one, nasir?

jeurre
Seems an appropriate thing to do.
.
  • #427
  • Apr 20, 2010 4:39am Apr 20, 2010 4:39am
Quoting ingmarforex
Thanks for help guys thats what i am looking for I closed position with bit profit and wait for new setup
Looking for help is great, but you shouldn't base your decisions on others. (as in exiting the oil short just now).

I'm not experienced in this kind of trading, so you shouldn't take my calls. I'm just saying my point of view, but if you did your homework (right (as in correct)) then you should trust your decision.

As you can see, LJ saw an entry at 84.30, coinciding to the pip (almost) to where this local high is right now. I can't really see why, but he's better at spotting confluence area than I am.
  • #428
  • Apr 20, 2010 4:43am Apr 20, 2010 4:43am
Quoting ingmarforex
Thanks for help guys thats what i am looking for I closed position with bit profit and wait for new setup
And another thing. If you are new to this game you should really try and stick for a few months to J16 rules. Learning to be patient will definitely improve your odds of making it in the long term.

Enough talking, it's LJ's journal.
  • #429
  • Apr 20, 2010 4:45am Apr 20, 2010 4:45am
Quoting neutro
Looking for help is great, but you shouldn't base your decisions on others. (as in exiting the oil short just now).

I'm not experienced in this kind of trading, so you shouldn't take my calls. I'm just saying my point of view, but if you did your homework (right (as in correct)) then you should trust your decision.

As you can see, LJ saw an entry at 84.30, coinciding to the pip (almost) to where this local high is right now. I can't really see why, but he's better at spotting confluence area than I am.
Arrows mark where this area has been has acted as support previously.

Entered 0.5% short @84.20 and 0.5% @ 83.94 SL @ 84.50
Attached Image (click to enlarge)
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  • #430
  • Apr 20, 2010 4:46am Apr 20, 2010 4:46am
I saw yesterday a video about confluence areas of fibs they are really strong that was this trade also based on http://i41.tinypic.com/6ht1di.jpg

I will put later a link with the video it is worth to watch
  • #431
  • Apr 20, 2010 4:46am Apr 20, 2010 4:46am
Quoting jeurre
are you going to short this one, nasir?

jeurre
Here is my view...
Attached Image (click to enlarge)
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  • #432
  • Apr 20, 2010 4:47am Apr 20, 2010 4:47am
Quoting lovejoy80
Arrows mark where this area has been has acted as support previously.

Entered 0.5% short @84.20 and 0.5% @ 83.94 SL @ 84.50

Thanks lovejoy you are my teacher
  • #433
  • Apr 20, 2010 4:53am Apr 20, 2010 4:53am
Quoting nasir.khan
Haha.

U are never too late for a trade, there is always an another chance. But you could be too much early in a trade and that's the start of the capital destruction.

anyways just went short GJ.
.
Very true.

Nice one on GJ...

1HR BEOB's forming on AU, Gold and the GJ looks like forming a DBHLC
  • #434
  • Apr 20, 2010 4:56am Apr 20, 2010 4:56am
Quoting neutro
That PPZ isn't really a PPZ
forgive my ignorance, I know i should know this, but what exactly does the acronym PPZ stand for? ive searched the site and google and wikipedia and the suspense is killing me. I used to think it was refering to pivot points until I was informed that lovejoy80 does not use pivots.
pretty sure one of the P's is price and the Z is for zone. previous price zone? price protection zone?
BTC Return This Year: na
  • #435
  • Apr 20, 2010 4:58am Apr 20, 2010 4:58am
Quoting neutro
And another thing. If you are new to this game you should really try and stick for a few months to J16 rules. Learning to be patient will definitely improve your odds of making it in the long term.

Enough talking, it's LJ's journal.
couple good posts.

Don't mind me when posting...even though the title is my journal...I don't mind people posting, in fact I encourage it...if it turns into a thread with people that like to trade in the same way that I do then all the better.

Trading can be a lonely business and I like interaction with like minded people...and FF is a great place to learn form others, help others and share experiences.

  • #436
  • Apr 20, 2010 5:00am Apr 20, 2010 5:00am
Quoting M.A.C.Doug
forgive my ignorance, I know i should know this, but what exactly does the acronym PPZ stand for? ive searched the site and google and wikipedia and the suspense is killing me. I used to think it was refering to pivot points until I was informed that lovejoy80 does not use pivots.
pretty sure one of the P's is price and the Z is for zone. previous price zone? price protection zone?
Price Pivot Zone...it is a term used in J16 thread...meaning a zone which has acted as both support and resistance in the past
  • #437
  • Apr 20, 2010 5:01am Apr 20, 2010 5:01am
Quoting M.A.C.Doug
forgive my ignorance, I know i should know this, but what exactly does the acronym PPZ stand for? ive searched the site and google and wikipedia and the suspense is killing me. I used to think it was refering to pivot points until I was informed that lovejoy80 does not use pivots.
pretty sure one of the P's is price and the Z is for zone. previous price zone? price protection zone?
Read the posts by James16 on this page.

http://www.forexfactory.com/showthre...ne#post1840240
.
  • #438
  • Apr 20, 2010 5:05am Apr 20, 2010 5:05am
Quoting lovejoy80
couple good posts.

Don't mind me when posting...even though the title is my journal...I don't mind people posting, in fact I encourage it...if it turns into a thread with people that like to trade in the same way that I do then all the better.

Trading can be a lonely business and I like interaction with like minded people...and FF is a great place to learn form others, help others and share experiences.




Yes it is Nice words
  • #439
  • Apr 20, 2010 5:06am Apr 20, 2010 5:06am
Quoting lovejoy80
Price Pivot Zone...it is a term used in J16 thread...meaning a zone which has acted as both support and resistance in the past
great - i used to call them "previous support turned resistence"and vice versa PPZ is a much easier way of saying it, Thanks
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  • #440
  • Apr 20, 2010 5:10am Apr 20, 2010 5:10am
Quoting lovejoy80
Very true.

Nice one on GJ...

1HR BEOB's forming on AU, Gold and the GJ looks like forming a DBHLC
9325 for AU
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