Hi Rust!
What was the point of getting off so early considering your spread on this pair?
37 pips, while the move from the entry to exit was 29 pips?
Unless I'm missing something?
Fil.
spread is 37 pipettes, which is equal to 3,7pips
james16 Chart Thread
- #122,561
- Jan 16, 2013 6:57am Jan 16, 2013 6:57am
spread is 37 pipettes, which is equal to 3,7pips
- #122,565
- Jan 16, 2013 8:02am Jan 16, 2013 8:02am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Hi, my first post here, even though I follow this thread for quite some time... Thank you for all the effort you invest in this...
I'm currently in EURJPY, entering on 4h outsidebar at swing high, BRN 120. I already moved my stop to BE, looking for 115.8 to take profit. See chart attached.
Welcome to the thread, beautiful first trade you caught there. Moving nicely for you !
Welcome again
Mike
- #122,566
- Jan 16, 2013 8:05am Jan 16, 2013 8:05am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
I apologize in advance for my English
I also watched the pair, but the more I'm interested in the level of 116.
I want to observe the behavior of a price at this level. I want to see the signal PA.
As a beginner, I would like to know the thoughts of others in the group
Good level to watch as well, and right in line with where Nej was looking to take profit(confluenced area). The BRN is a bit lower at 115(they are every 500 pips the way we speak about them).
The xxx/jpy pairs all have gaps to fill from weeks ago so we might continue to see strength to the downside across the board. Price may bounce at your TL and then once again breakout from this area as well. I wan to watch similar but for ways to find shorts if proper signals come. As well as at 115 which is a nice box
I drew some hypotheticals we can watch for
Best
Mike
Hey Alexandr
Good level to watch as well, and right in line with where Nej was looking to take profit(confluenced area). The BRN is a bit lower at 115(they are every 500 pips the way we speak about them).
The xxx/jpy pairs all have gaps to fill from weeks ago so we might continue to see strength to the downside across the board. Price may bounce at your TL and then once again breakout from this area as well. I wan to watch similar but for ways to find shorts if proper signals come. As well as at 115 which is a nice box
I drew some hypotheticals...
I started to read every message on FF and I like as you watch at the price.
Every day I try to see what you can see, but not always it turns. You are a great teacher.
I have a bad English
It's only after we've lost everything that we're free to do anything.
- #122,570
- Jan 16, 2013 9:31am Jan 16, 2013 9:31am
price breaking out of a very crucial area. Watching closely
Don't we have a BEOB on the weekly too?
If my memory serves me correctly, it was about to break by 1.60...
thanks for the heads up
take care
Slow & steady
- #122,573
- Jan 16, 2013 11:14am Jan 16, 2013 11:14am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
GBPUSD
Mike is that H4 bearish bar your preemptive bar? Or you waiting for a daily close.
Some people are watching that, that DBHLC is just too weak for me. Prefer to watch how the daily closes here, don't want to jump the gun(you know me mr.conservative
)and yes P here was my other chart i sent to the group about the weekly adding more confluence but I wouldn't have traded the weekly on its own back into the BRN and TL, but now it adds further confluence
Best
Mike
- #122,574
- Jan 16, 2013 11:40am Jan 16, 2013 11:40am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
fast approaching this beauty
- #122,575
- Jan 16, 2013 1:23pm Jan 16, 2013 1:23pm
- Joined Feb 2009 | Status: kiki soso largyalo | 2,243 Posts
meine augen sind die sterne
- #122,576
- Jan 16, 2013 1:25pm Jan 16, 2013 1:25pm
- Joined Feb 2009 | Status: kiki soso largyalo | 2,243 Posts
meine augen sind die sterne
- #122,577
- Jan 16, 2013 1:29pm Jan 16, 2013 1:29pm
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
On my way to financial independence - if others can do it - I can do it
Hello everybody!
It's my first post here, and at FF too. For the start I want to say "thank you", to all the people who participicate in live of this GREATEST thread! It's pure gold. Especially for such newbie like me. And of course I have a question that i want to ask, i hope nobody do not mind .
So, now I am looking at two pairs - USD/ZAR, and EUR/ZAR, they are strongly correlated, and now i am trying to figure out which is better to trade.
I will start with USD/ZAR. At weekly chart i see clear rising trendline, and consalidation box to the left (green), now price is close to the higher limit of this box. At daily chart pinbar is forming it is located at PPZ-BRN (8.8), also 61.8 Fib. I think about taking this trade with target 8.6000. In conclusion - things that i LIKE her is - shape of this pinbar and PPZ-BRN. Thing that i do not like - clear rising trendline near us.
At EUR/ZAR weekly i see nice PPZ 11.65, and TL that is formed by bar highs (green). Also, big previous bullish bar.
At daily - clear rising TL that was broken, and now we are in place where this two (green and red) trendlines are crossing! Also, yesterdays bar couldn't close above green TL, todays bar seems like would not too. If i would trade this, i would place order at 1.5800 (under yesterdays bar), target - 11.375. In conclusion - here i LIKE location (two TL and PPZ). What i do not like - shape of pinbar according to previous bar, and to last weekly candle.
What do you think about it? Thanks.
Sorry for such a big text, and for my english.
vti
It's my first post here, and at FF too. For the start I want to say "thank you", to all the people who participicate in live of this GREATEST thread! It's pure gold. Especially for such newbie like me
. And of course I have a question that i want to ask, i hope nobody do not mind .So, now I am looking at two pairs - USD/ZAR, and EUR/ZAR, they are strongly correlated, and now i am trying to figure out which is better to trade.
I will start with USD/ZAR. At weekly chart i see clear rising trendline, and consalidation box to the left (green), now price is close to the higher limit of this box. At daily chart pinbar is forming it is located at PPZ-BRN (8.8), also 61.8 Fib. I think about taking this trade with target 8.6000. In conclusion - things that i LIKE her is - shape of this pinbar and PPZ-BRN. Thing that i do not like - clear rising trendline near us.
At EUR/ZAR weekly i see nice PPZ 11.65, and TL that is formed by bar highs (green). Also, big previous bullish bar.
At daily - clear rising TL that was broken, and now we are in place where this two (green and red) trendlines are crossing! Also, yesterdays bar couldn't close above green TL, todays bar seems like would not too. If i would trade this, i would place order at 1.5800 (under yesterdays bar), target - 11.375. In conclusion - here i LIKE location (two TL and PPZ). What i do not like - shape of pinbar according to previous bar, and to last weekly candle.
What do you think about it? Thanks.
Sorry for such a big text, and for my english.
vti
