My path to financial freedom | Page 43 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

My path to financial freedom 17 replies

Singapore trader's journal (the road to financial freedom) 8 replies

My Path To Financial Freedom 221 replies

Trade Your Way to Financial Freedom......... 10 replies

Book Wanted - Day Trading To Financial Freedom 0 replies

Attachments: My path to financial freedom
Exit Attachments

My path to financial freedom

  • #841
  • Apr 26, 2010 4:51am Apr 26, 2010 4:51am
Hey guys some posts i made at J16.

Hope they help.


http://www.forexfactory.com/showpost...ostcount=61829

http://www.forexfactory.com/showpost...ostcount=61836

http://www.forexfactory.com/showpost...ostcount=61846

.
  • #842
  • Apr 26, 2010 4:56am Apr 26, 2010 4:56am
Quoting nasir.khan
Hey guys some posts i made at J16.

Hope they help.


http://www.forexfactory.com/showpost...ostcount=61829

http://www.forexfactory.com/showpost...ostcount=61836

http://www.forexfactory.com/showpost...ostcount=61846
Very nice Nasir

Exactly what I would have done if I wasn't being cautious today.

A good start to the day / week for you.

What people should guage from these posts is that spotting major PPZ from the daily / weekly / monthly is very important and how reliable these areas are to trade whether you wait for PA or not.

These higher frame PPZ act like a brick wall for price...
  • #843
  • Apr 26, 2010 4:59am Apr 26, 2010 4:59am
Some follow through would be nice...
Attached Image (click to enlarge)
Click to Enlarge Name: dow.gif Size: 16 KB
  • #844
  • Apr 26, 2010 5:02am Apr 26, 2010 5:02am
Quoting lovejoy80
Keep an eye on NU and UC...both bounced of major PPZ and confluence and on my Alapri feed we are looking to form BEOB and BUOB on 4HR in 20 mins...
Poor closes on both...NU was more of a doji and I really wanted UC to close above 1.000.
  • #845
  • Apr 26, 2010 5:04am Apr 26, 2010 5:04am
Quoting lovejoy80
Poor closes on both...NU was more of a doji and I really wanted UC to close above 1.000.
Above 1 and not as a PB...
  • #846
  • Apr 26, 2010 5:05am Apr 26, 2010 5:05am
Quoting lovejoy80
Some follow through would be nice...
You know that one will hurt my EJ don't you.

You'r again going against me??

Remember what happened on Friday with EU.

Don't make me increase my lotsize LJ.
.
  • #847
  • Apr 26, 2010 5:13am Apr 26, 2010 5:13am
Quoting nasir.khan
You know that one will hurt my EJ don't you.

You'r again going against me??

Remember what happened on Friday with EU.

Don't make me increase my lotsize LJ.
.
Ha ha Oh yeah. I'm not in EJ...was in EU took half profit @ RN and rest to BE...like you waiting for it to reach the PPZ below to go long.

I'm out of all xxx/jpy shorts now , only had AJ open and until gold breaks it's ppz I'll wait.

So go dow soar higher !

Ha...I kept my positions open on EU over weekend and all worked out ok today so we both won on that it seems

I'm on micro lots now so won't be going against your 6 figure lots!
  • #848
  • Apr 26, 2010 5:13am Apr 26, 2010 5:13am
Quoting nasir.khan
You know that one will hurt my EJ don't you.

You'r again going against me??

Remember what happened on Friday with EU.

Don't make me increase my lotsize LJ.
.
I think of all the pairs, I'm most in tune with EJ. I see price going before it starts going but I never pull the trigger... I guess I need a bit more confidence in those touch trades..
  • #849
  • Apr 26, 2010 5:15am Apr 26, 2010 5:15am
Quoting lovejoy80
Poor closes on both...NU was more of a doji and I really wanted UC to close above 1.000.
Go short on 1H PB (ucad).

hhmhmhmhmhmOVERTRADINGhnmhmhhmhmhmhmh.

.
  • #850
  • Apr 26, 2010 5:16am Apr 26, 2010 5:16am
PV is in play after next HL (hopefully).
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-04-26_1313.jpg Size: 126 KB
  • #851
  • Apr 26, 2010 5:24am Apr 26, 2010 5:24am
Quoting neutro
I think of all the pairs, I'm most in tune with EJ. I see price going before it starts going but I never pull the trigger... I guess I need a bit more confidence in those touch trades..
I not only had to take a touch trade without PA, but also close 2 short positions of 140+ pips (combined). So it was more stressful decision for me. But this is where 6 months of demoing and reading shown it's worth.

3 reasons of lack of confidence.

1- Risking too much

2- Not much experience of Demo.

3- Taking bad trades that take confidence out of good ones.

Whatever the case is with you, go work on it.

Hope you take it in a positive way.
.
  • #852
  • Apr 26, 2010 5:28am Apr 26, 2010 5:28am
Quoting neutro
PV is in play after next HL (hopefully).
Good entry IMO...I've got a 4HR bearish pin bar on GU and with EU bouncing of round number shoudl certainly get some upside action with EG.
  • #853
  • Apr 26, 2010 5:30am Apr 26, 2010 5:30am
Quoting nasir.khan
I not only had to take a touch trade without PA, but also close 2 short positions of 140+ pips (combined). So it was more stressful decision for me. But this is where 6 months of demoing and reading shown it's worth.

3 reasons of lack of confidence.

1- Risking too much

2- Not much experience of Demo.

3- Taking bad trades that take confidence out of good ones.

Whatever the case is with you, go work on it.

Hope you take it in a positive way.
.
Don't worry man, anything coming from you is gold.

I know where I stand. I started half a year ago on forex live. After small losses, using only 0.01 lots at a time, I decided I don't know anything. That was a big thing.

Now I'm demoing and recording everything I do. I'm testing the basic J16 on D and W (sometimes H4), touch trading (though it's hard to pull the trigger, even on demo) and PV trading. I don't do a lot of trades, I prefer to mark areas of confluence and observe what prices does there (adding positions will make me look for things that aren't there so not having a position is better for now).

So that's about it. Keep the gold coming
  • #854
  • Apr 26, 2010 5:31am Apr 26, 2010 5:31am
Quoting neutro
PV is in play after next HL (hopefully).
I don't have EG anymore. Thats a dream entry of a double bottom. (although you'r a little late)

But looking at GC i think it's going down.(GC going up)

IMO. of course.
.
  • #855
  • Apr 26, 2010 5:35am Apr 26, 2010 5:35am
Quoting nasir.khan
I don't have EG anymore. Thats a dream entry of a double bottom. (although you'r a little late)

But looking at GC i think it's going down.(GC going up)

IMO. of course.
.
I know I'm late, but I got burned twice going against the trend. I wanted reassurance and it came.
  • #856
  • Apr 26, 2010 5:55am Apr 26, 2010 5:55am
Now that's a risky one guyz.

I just have a monthly PPZ here on my side.

Lets see.
.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 8.gif Size: 27 KB
Click to Enlarge Name: 1.gif Size: 25 KB
  • #857
  • Apr 26, 2010 6:05am Apr 26, 2010 6:05am
Quoting nasir.khan
Now that's a risky one guyz.

I just have a monthly PPZ here on my side.

Lets see.
.
I somehow missed that

Thanks, pending short duly deleted!
  • #858
  • Apr 26, 2010 6:08am Apr 26, 2010 6:08am
EG ended up as a BE.. I'm so sad I spotted FTA and should have taken some there.

About UC... Hope mode ON. Back in the range zone.

GU still holding long.
  • #859
  • Apr 26, 2010 6:28am Apr 26, 2010 6:28am
Quoting lovejoy80
I somehow missed that

Thanks, pending short duly deleted!
Nothing wrong with going short below 415.

It's just a Pivot and it's flipping the price.

One way or the other.
.
  • #860
  • Apr 26, 2010 6:32am Apr 26, 2010 6:32am
Quoting nasir.khan
Nothing wrong with going short below 415.

It's just a Pivot and it's flipping the price.

One way or the other.
.
Yeah, I'll go short if we break but current order was based on pin bar with SL above and price is heading up and will break left eye by looks of it so delete and reasses when / if we retrace back to the PPZ.

Just been over all my charts again to make sure haven't missed any other major PPZ areas lol.
3 traders viewing now