meine augen sind die sterne
james16 Chart Thread
- #110,541
- Apr 20, 2012 3:57pm Apr 20, 2012 3:57pm
- Joined Feb 2009 | Status: kiki soso largyalo | 2,243 Posts
- #110,543
- Apr 20, 2012 4:02pm Apr 20, 2012 4:02pm
- Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts
GBP/NZD i was playing the break up high, but then close my long for a few pips after i see this constellation...
- #110,545
- Apr 20, 2012 4:08pm Apr 20, 2012 4:08pm
- Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts
EUR/USD is about to break up high...a lot of space above, i would like to see 1.3330
- #110,546
- Apr 20, 2012 4:11pm Apr 20, 2012 4:11pm
- Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts
- #110,547
- Apr 20, 2012 4:18pm Apr 20, 2012 4:18pm
- Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts
I'm locking in around .5R profit this morning before heading to work. Price had a weak close below my second target so I'm putting my stop here, which is currently resistance. The rising TL and 365 are a concern, so I'll watch this area closely during first part of NY session. Whatever happens at this point...happy with this trade.
the pair break the TL down, the 0.9140 area will be tough, maybe it will have enough momentum to go trough this
- #110,548
- Apr 20, 2012 4:25pm Apr 20, 2012 4:25pm
- Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts
Cable in a good position. Watching for PA for bounce back to 1.600
i have an eye on this too...the weekly chart looks also very promising...sorry guys for spaming, i have a few drinks too much 
- #110,549
- Apr 20, 2012 4:36pm Apr 20, 2012 4:36pm
thanks goldfish
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Have a good weekend all.
- #110,550
- Apr 20, 2012 7:42pm Apr 20, 2012 7:42pm
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
thanks goldfish
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Might want to watch out for this long term Divergence and the wedge around this PPZ area.
- #110,551
- Apr 20, 2012 10:23pm Apr 20, 2012 10:23pm
nice profit Donkey
the pair break the TL down, the 0.9140 area will be tough, maybe it will have enough momentum to go trough this
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- #110,552
- Apr 20, 2012 10:39pm Apr 20, 2012 10:39pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Thanks. Went ahead and took full profit for +1R. Made up for my loss on USDNOK and then some....
Indicators show the past. Price Action "Indicates" the future.
- #110,553
- Apr 20, 2012 11:15pm Apr 20, 2012 11:15pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Hi Jim,
ok, i'm on it... don't know much about anything in this thread, as in the fx by the way. I guess it makes me blank of any preconceived idea...
so: back to PPZ & S/R
and so many thanks for your time and kindness!!
. .feel free to ask questions as they arise .. Jim
Indicators show the past. Price Action "Indicates" the future.
- #110,554
- Edited 11:56pm Apr 20, 2012 11:38pm | Edited 11:56pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
that's the same way i managed my trades since now, and by the way has worked pretty good.
if you look at the chart i posted some pages before, that's +/- the same place where i would have taken out my profits
setting properly profit taking levels is an art and i know has nothing to do with golden numbers or fixed amount. as you said before, once a high quality price action signal occur, there's usually a level where price is likely to go with a very high probability. after this initial "sure" move, we cannot predict with the same confidence...
Hey R3ta, I did see your chart with the R:R targets and they didn't line up with the true targets at all. . . "setting properly profit taking levels is an art" . .its not an art .. there are clear targets that the charts (markets) give us . .
Keep testing, my friend
. .you will soon draw your own conclusions . .good luck to you . Jim
Indicators show the past. Price Action "Indicates" the future.
- #110,555
- Apr 20, 2012 11:55pm Apr 20, 2012 11:55pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Thank's and nice share, sir. chart saved.
Ok, sir. Watching what happen to this HCR.
gado
When I first started, I saved and printed out all of James16's charts . .and many of Mike's charts. I reviewed them daily.I should have also pointed out on the PPZ level and HCR line up at the 1.2758.
We'll keep watching . .
Jim
Indicators show the past. Price Action "Indicates" the future.
- #110,556
- Apr 21, 2012 12:05am Apr 21, 2012 12:05am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Hi Jim. I'm starting to like your way of trading! (After almost a year of watching.)
Just wanted to share this with you. So, you can fully enjoy the weekend now and relax
take care
Jarda
Or you are sharing that you like my way of trading? What part(s) do you like?
Indicators show the past. Price Action "Indicates" the future.
- #110,557
- Apr 21, 2012 12:07am Apr 21, 2012 12:07am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
But would you have realized so quickly that your trades were random or amateurish if you were't keeping a journal?
My experience is that a journal is essential for all phases of your trading career. It can help in many ways, but perhaps most importantly it can quickly identify the things you are doing right and wrong, giving you the ability to phase in and out various aspects of your trading style. It might save you beating your head against the wall making the same mistakes over and over unknowingly!
A 'journal in your head' is not sufficient...
Jim
Indicators show the past. Price Action "Indicates" the future.
- #110,559
- Apr 21, 2012 1:36am Apr 21, 2012 1:36am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I believe . . .
