DislikedI know you learned the most from the J16 members but you put it together in a clear and precisely manner. You make trading looking easy.
I tried many trading methods over the years but confluence trading is the only one which make sense for me and fits me.
I think nashir khan posted once a zip file with a collection of all posts from the J16 members. If somebody is interessted I can attach the zip file.
Have a great week end.Ignored
My path to financial freedom
- #2,944
- Nov 22, 2010 5:48am Nov 22, 2010 5:48am
- Joined Oct 2008 | Status: Just be the witness. | 1,089 Posts
Thank you !
( Silent lovejoy fan....
)
*****
__________
michael
( Silent lovejoy fan....
) *****__________
michael
Be like water.
- #2,948
- Nov 22, 2010 2:02pm Nov 22, 2010 2:02pm
- | Commercial User | Joined Feb 2008 | 4,633 Posts
Hi Lovejoy i am not new with trading but new here i was wondering how would you enter this trade or does this trade even fullfill your criteria. Wouold you enter on the touch so pending order for example or do you wait 1 bar close?
I hope you can give me some answer thanks
Lovejoy.
http://www.screencast.com/users/Ingm...1-8dc9c5c485d0
- #2,950
- Nov 22, 2010 5:27pm Nov 22, 2010 5:27pm
LJ80 nice trades yesterday as per usual. A lazy 6R is'n't too shabby on a day most people were saying was shitty for trading
I took this GU trade long during the Asian session. Had BRN, 38-50% fib, and lower trendline confluence on the H4. It was floating between +0 and +50 for around 10 hrs before it started to lose momentum and I closed it out at BE just before it slid fast. Do you mind commenting on the set up? Do you think these kind of trades need a legitament PA bar to pull the trigger? Benn
I took this GU trade long during the Asian session. Had BRN, 38-50% fib, and lower trendline confluence on the H4. It was floating between +0 and +50 for around 10 hrs before it started to lose momentum and I closed it out at BE just before it slid fast. Do you mind commenting on the set up? Do you think these kind of trades need a legitament PA bar to pull the trigger? Benn
- #2,952
- Nov 23, 2010 12:21am Nov 23, 2010 12:21am
- Joined Dec 2009 | Status: Trader | 3,156 Posts
Got this on the radar if you see this 1 not valid feedback pls welcome Mark
- #2,954
- Nov 23, 2010 1:39am Nov 23, 2010 1:39am
- | Commercial User | Joined Feb 2008 | 4,633 Posts
LJ80 nice trades yesterday as per usual. A lazy 6R is'n't too shabby on a day most people were saying was shitty for trading
I took this GU trade long during the Asian session. Had BRN, 38-50% fib, and lower trendline confluence on the H4. It was floating between +0 and +50 for around 10 hrs before it started to lose momentum and I closed it out at BE just before it slid fast. Do you mind commenting on the set up? Do you think these kind of trades need a legitament PA bar to pull the trigger? Benn
For me the area of interest fora potential long was where I took profit on my GU short at a 4HR rising TL - but I would have wanted some PA to take a long
- #2,957
- Nov 23, 2010 1:45am Nov 23, 2010 1:45am
- | Commercial User | Joined Feb 2008 | 4,633 Posts
Got this on the radar if you see this 1 not valid feedback pls welcome Mark
I see you follow forexlive and ashraf like I do...how do you get those notifications of new posts like you have on your chart?
- #2,959
- Nov 23, 2010 2:27am Nov 23, 2010 2:27am
- Joined Dec 2009 | Status: Trader | 3,156 Posts
Looking at the daily chart I'd prefer 1.5500 area.
I see you follow forexlive and ashraf like I do...how do you get those notifications of new posts like you have on your chart?
Yeah sorry took the picture when it was noted Do you have tweetdeck?
I took the gbp/chf on demo i saw your feedback later
but still made pips but my goal is to work on the entries so i dont count this as a good 1 it whent still 54 pips from my pending order. Mark you normally take those trades on touches and look at the price action or do you wait for candle close?Thanks mate if you need help to setup tweetdeck let me know?
- #2,960
- Nov 23, 2010 2:36am Nov 23, 2010 2:36am
- | Commercial User | Joined Feb 2008 | 4,633 Posts
Hi! 2 fails at night
1) GBPJPY - 1H BEOB on breakout TL and PPZ+RN
2) GBPCHF - 1H BUOB, TL, fibo
what i did wrong?
My own views on these trades are:
1. Nothnig much wrong with GJ in terms of the techncial setup...the bar could have pierced higher and it could be a bigger BEOB but the key thing that would stop me taknig this is that it happened during Asia or actually just before?
Thus during a period of low volume and thus I wouildnt' give this bar much weight because of the lack of market players causing this bar. ~Look how when the European session opened the volume came back into the market and took price in the opposite direction, this is exactly why I rarely take a PA setup until after London has opeend for an hour as you basically have a different set of traders (with much higher volume too) driving the market when the European markets open whereas Asia is a low volume trading session where price rarely moves and (if I've got my times right) this bar was formed very early on in Asia too and thus when it didnt move a few hours later I would have cut it as I'd be looking for some quick momentum down.
2. I dont really see a good location for this BUOB....it, for me is not off a PPZ and infact is trading straight into one..the bar didn't break so this should have saved you from takinga loss?
A quick glance at my chart (haven't been focussing too muhc on GCHF lately) and the two setups marked are easy setups IMO..PA of a TL then breakout pullback and PA for the second trade.
