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My J16 Style Trades

  • #21
  • Sep 11, 2010 12:28pm Sep 11, 2010 12:28pm
Quoting Mr Smith
I'll change it.
Good call.
  • #22
  • Sep 11, 2010 1:30pm Sep 11, 2010 1:30pm
Quoting ha-pattern
That's an unfair generalization.
Several other pattern approaches make $; and, the idea of trading from formally-defined patterns often fails.

Anyhow, best of luck to the thread starter. A few of the commercial members make their entire section worthwhile.

Ok, for all, read most.
  • #23
  • Sep 11, 2010 8:45pm Sep 11, 2010 8:45pm
Quoting Mr Smith
Yea I see your point Lord, I'll change it, But I will have j16 in the title thread. If james reads my thread and doesn't like it, I'll certainly take ref to him out.

Thanks

And Yea to the post above, I'll be adding charts as I enter trades.
Oh. Just another typical pro-J16 advertising thread now. There are already too much on FF. Nothing interesting anymore here. From now on, this thread title can only attract already pro-J16 people - this goes against the initial idea of the thread.
  • #24
  • Edited 10:42pm Sep 11, 2010 9:07pm | Edited 10:42pm
Let me think on this, can't please everyone I guess.
  • #25
  • Sep 11, 2010 9:08pm Sep 11, 2010 9:08pm
Quoting kk007
Oh. Just another typical pro-J16 advertising thread now. There are already too much on FF. Nothing interesting anymore here. From now on, this thread title can only attract already pro-J16 people - this goes against the initial idea of the thread.
Hey friend, the idea is still alive.

Those who think J16 is a scam has already been notified about this thread. And those who hasn't read that 'dragon thread', will also know the purpose of the thread when they read the first post. As long as first post remains unchanged, it should not make any difference.

Also, putting a flashy title will attract flashy people. Wise people with eagerness to learn will certainly find this thread and at least read the first before moving on.

Thus, the title now calms down all the flames going on FF recently and still keeps the objective of learning and educating.

Thanks Mr. Smith!
  • #26
  • Sep 11, 2010 10:35pm Sep 11, 2010 10:35pm
Possibly entry for next week on pchf,

Reason, Weekly has closed below resistance, see my chart.

We had a nice strong 4h bar off that resistance.

And trigger I'm looking for is going to be based of this 1hr chart, waiting for a good break of that tl, retrace and PA off that broken trendline.
Pa may be on 1hr or lower. Target I will not determine unless the above unfolds, but I will be looking to get to b/e fairly fast as there is signs of pchf possibly bottoming out for a bit, but because of the above, I still see potential for at least a littel run down.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pchfweekly.gif Size: 37 KB
Click to Enlarge Name: pchf4hr.gif Size: 37 KB
Click to Enlarge Name: 1hrpchf.gif Size: 38 KB
  • #27
  • Sep 11, 2010 10:54pm Sep 11, 2010 10:54pm
Quoting The Lord
Hey friend, the idea is still alive.

Those who think J16 is a scam has already been notified about this thread. And those who hasn't read that 'dragon thread', will also know the purpose of the thread when they read the first post. As long as first post remains unchanged, it should not make any difference.

Also, putting a flashy title will attract flashy people. Wise people with eagerness to learn will certainly find this thread and at least read the first before moving on.

Thus, the title now calms down all the flames going on FF recently...
Can you provide a link to that "dragon thread".
  • #28
  • Sep 11, 2010 11:24pm Sep 11, 2010 11:24pm
Quoting pip_daddy
Can you provide a link to that "dragon thread".
http://www.forexfactory.com/showthread.php?t=254552
  • #29
  • Sep 12, 2010 8:31pm Sep 12, 2010 8:31pm
Ok, Ej is feeling fishy to me, don't ask me what I mean, to be honest I have no idea how to explain it, just a feeling I'm getting
watching the price move.

I'm watching closely, I may move stops to 106.59

Not sure yet, Just documenting my thoughts for future reference.
  • #30
  • Sep 12, 2010 8:38pm Sep 12, 2010 8:38pm
Potential setup, I'm looking to buy euro with a small stop, i'll be searching for an excuse, if one comes I'll post the reason then.
  • #31
  • Sep 13, 2010 3:54am Sep 13, 2010 3:54am
pchf setup is off my radar, tl break wasn't nice and its going up now.

Will be looking for pullback with PA to get long on euro,

EJ stops moved to 106.75
  • #32
  • Sep 13, 2010 12:44pm Sep 13, 2010 12:44pm
Closed out Ej at 107.65

I'm still looking to be long, but for now, I don't like what UJ did, and I don't like where euro is, I'm thinking we'll retrace now a bit before the possible move up on ej, so I"ll be looking to long ej after a retrace.

So that trade was Long at 106.06 original stop was 105.92 and closed at 107.65

That was a pretty nice RR trade.

Stay tuned for another hopeful Long on EJ
  • #33
  • Sep 13, 2010 12:58pm Sep 13, 2010 12:58pm
hi, what is your reasoning for looking long?

best, Tim
  • #34
  • Sep 13, 2010 3:40pm Sep 13, 2010 3:40pm
I still think there is a chance the weekly pin from 2 weeks ago will produce big time, but I'm aware that the world is crazy right now, and we may not be at a bottom, we are fighting this crazy downtrend, so I'm keeping my plays very tight, so basically my reason is weekly pin from 2 weeks ago hasn't failed, and if I can get it again with a small stop and catch the run, it'll be worth a lot.

Also if we break higher wout the retrace, i'll be getting back in somehow.

heres the weekly pin marked for ref.
Attached Image (click to enlarge)
Click to Enlarge Name: weekly.gif Size: 16 KB
  • #35
  • Sep 13, 2010 5:31pm Sep 13, 2010 5:31pm
Quoting Mr Smith
Closed out Ej at 107.65

I'm still looking to be long, but for now, I don't like what UJ did, and I don't like where euro is, I'm thinking we'll retrace now a bit before the possible move up on ej, so I"ll be looking to long ej after a retrace.

So that trade was Long at 106.06 original stop was 105.92 and closed at 107.65

That was a pretty nice RR trade.

Stay tuned for another hopeful Long on EJ
Trade #1 +159 pips
  • #36
  • Edited 7:05pm Sep 13, 2010 5:58pm | Edited 7:05pm
Thanks wwin.

I'm a bit of a disorganised person, but i'll try state how much % I risk on each trade, as pips won can be deceiving, cause it depends on how many pips and % was risked.
  • #37
  • Sep 13, 2010 8:14pm Sep 13, 2010 8:14pm
Ok, so ej is retracing like suspected, will be looking for PA to tell me we are going to continue up after the retrace.
  • #38
  • Sep 13, 2010 9:07pm Sep 13, 2010 9:07pm
Quoting Mr Smith
I still think there is a chance the weekly pin from 2 weeks ago will produce big time, but I'm aware that the world is crazy right now, and we may not be at a bottom, we are fighting this crazy downtrend, so I'm keeping my plays very tight, so basically my reason is weekly pin from 2 weeks ago hasn't failed, and if I can get it again with a small stop and catch the run, it'll be worth a lot.

Also if we break higher wout the retrace, i'll be getting back in somehow.

heres the weekly pin marked for ref.
Mr.Smith,
I don't think the chart has any potential.
1. Very strong downtrend.
2. The close of the pinbar is not above the PPZ (very critical).
3. Even if it breaks, there are two major trouble areas.
4. And don't forget the Big Round Number (BRN) 110. That will be a major problem as well.

May workout, but certainly not a grade A setup. Should be a pass.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyweekly.gif Size: 13 KB
  • #39
  • Sep 13, 2010 9:55pm Sep 13, 2010 9:55pm
Yea I hear you Lord, but esp since I got such a nice RR trade so far based on it, I can afford to risk some of that in the chance we have a bottom here, I will be taking small tf entries as to have a tiny stop and basically risk nothing, I know thte weeklky pin alone is not great space to run, but I quite often get in on these small tf dirty entries as I call them and get huge runs. So while I totally agree, I'll be trying again with another dirty entry.

Thanks for stopping by, pls give me your comments like you just did with any future trades that you disagree with etc, it will definately help me progress even more.

THanks for taking the time to look out for my setup.

I definately would not take the entry on the break of that weekly pin and take a full bar loss, so totally agree on your analysis.
  • #40
  • Sep 13, 2010 10:39pm Sep 13, 2010 10:39pm
Just shorted euro at 1.2879 stop 1.2887

will talk about it later
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