Hey Boss,
May I ask which platform allows you to trade with (3000 as you mentioned) shares, commodities, indices, etfs...? Cause im with alpari at the moment, and they offer only forex and some commodities...
james16 Chart Thread
- #122,321
- Jan 10, 2013 3:34am Jan 10, 2013 3:34am
Hello guys, i want to ask a question just to check if i have a good understanding of Jaroo's method.
If the price on GbpAud close below that swing point of 1.5179, i will put a sell limit under it. Is it correct? Where should be my stop loss?
Attachment
As to where the SL should be, you can approach it in many ways : Above the PBT candle like in the chart, using a H4 signature, H1 signature, etc.
The basic idea is that you expect the level to become resistance. Where that idea is invalidated is up to you and your risk parameters
GL!
I don't need easy. I just need possible.
- #122,324
- Jan 10, 2013 4:17am Jan 10, 2013 4:17am
Hey. You are confusing Lows with LCS (Lowest CLOSE of Support). Take a look at this chart.
Attachment
As to where the SL should be, you can approach it in many ways : Above the PBT candle like in the chart, using a H4 signature, H1 signature, etc.
The basic idea is that you expect the level to become resistance. Where that idea is invalidated is up to you and your risk parameters
GL!
- #122,327
- Jan 10, 2013 6:08am Jan 10, 2013 6:08am
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
- #122,328
- Jan 10, 2013 6:14am Jan 10, 2013 6:14am
USDCHF
Jumped in again for another sell after another daily close confirmation(just barely). Set a pending order last night with small stop. Partial profit taken at a weekly HCR.
Pinbar, did you enter again?
Jumped in again for another sell after another daily close confirmation(just barely). Set a pending order last night with small stop. Partial profit taken at a weekly HCR.
Pinbar, did you enter again?
The Eyes Believe What They See And The Ears Believe What Others Say.
- #122,333
- Jan 10, 2013 7:32am Jan 10, 2013 7:32am
Hey. You are confusing Lows with LCS (Lowest CLOSE of Support). Take a look at this chart.
Attachment
As to where the SL should be, you can approach it in many ways : Above the PBT candle like in the chart, using a H4 signature, H1 signature, etc.
The basic idea is that you expect the level to become resistance. Where that idea is invalidated is up to you and your risk parameters
GL!
thank you
- #122,334
- Jan 10, 2013 7:45am Jan 10, 2013 7:45am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Two BUB bars followed by a Pin Bar (indicated by the arrows). Possible reversal in the works?
Am I reading this chart correctly?
http://scottbprice.com/wp-content/up...013/01/t11.png
Mike
- #122,335
- Jan 10, 2013 7:48am Jan 10, 2013 7:48am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Hi guys,
I would like to share with you a quick follow up on my learning of treating trading as a business.
Nothing much important, since I consider myself as a newbie in the field.
This is just a way for me to force myself to be proficient: I cannot present results I would let turn negative. If I start sharing what I am in, then I simply have to continue doing so... (if nobody minds)
Anyway.
Since we've been talking about James's "100 pips a month"... I came across James's post a while ago when trying to figure out how...
Yes being picky is the name of the game. I can never stress this enough to you all. You will never trade the same once you start being picky and using rifle shots. PERIOD!
Watch your position sizing as you said, but fantastic!
Mike
If I would trade this buob, I would put tp at 19.5 probably...now it is good opportunity to go short, I don't trade IB, but with nice pinbar or beob...
Look also at nice h4 div
But this is your money, you should wait for another opinion...
And just tell me - how big is this last candle? Is it 37 or 370 pips? Probably 370... I've got lost with this strange price...19.384...
- #122,337
- Jan 10, 2013 8:18am Jan 10, 2013 8:18am
And it is good to be right ;p Wishes came true - I've got my beob ;p
And just tell me - how pig is this last candle? Is it 37 or 370 pips? Probably 370... I've got lost with this strange price...19.384...
return ticket is on the way well never understood 37 or 370 pips. All I know is that FF trade explorer says 37, not 370. so I'll take it for granted
Yes being picky is the name of the game. I can never stress this enough to you all. You will never trade the same once you start being picky and using rifle shots. PERIOD!
Watch your position sizing as you said, but fantastic!
amazing how things start to work the right way when you follow advice given by the people who made it work the right way for themselves. Funny thing
Slow & steady
- #122,339
- Edited 9:30am Jan 10, 2013 9:12am | Edited 9:30am
Very nice buddy
I already closed this one by the way. Right on that strong down bar close. It's my exit technique under development
