{quote} where is the good entry for this?
I find this similar to a move on EURAUD back in 2011. The only thing that worries me is that tomorrow is NFP day..movement can be volatile.
james16 Chart Thread
- #126,584
- Jul 3, 2013 10:51am Jul 3, 2013 10:51am
I've played a breakout on USD JPY that it's not working good.
Yesterday USD JPY breaked the BRN 100.00 and made a very strong close above it. Last time it broked that area the price didn't retrace to test the area again and went up so I decided to trade this if it can break the high's of yesterday's bar. There was a minor area of resistance I was trading into but I thought chances are bigger it will break than make a false break of the area arond 100.00. Other JPY pairs made break outs of some trend lines (like CHF JPY and GBP JPY) and JPY paris are strong correlated. Even EUR USD made a continuation BEOB so I thought it's safe to trade a continuation on USD JPY. The trade opened during Asia session and then immediately after Europe dropped. When you trade daily when do you make your pending orders? Immediately after the daily bar closes or do you wait for start of Europe session?
I usually don't trade breakouts like this but I liked very much the strong close above that strong area and corellations on other JPY pairs and on EUR USD. I didn't expect to see a false break. How can you know if it's a false break or not? If the close wasn't so strong I wouldn't have traded.
Yesterday USD JPY breaked the BRN 100.00 and made a very strong close above it. Last time it broked that area the price didn't retrace to test the area again and went up so I decided to trade this if it can break the high's of yesterday's bar. There was a minor area of resistance I was trading into but I thought chances are bigger it will break than make a false break of the area arond 100.00. Other JPY pairs made break outs of some trend lines (like CHF JPY and GBP JPY) and JPY paris are strong correlated. Even EUR USD made a continuation BEOB so I thought it's safe to trade a continuation on USD JPY. The trade opened during Asia session and then immediately after Europe dropped. When you trade daily when do you make your pending orders? Immediately after the daily bar closes or do you wait for start of Europe session?
I usually don't trade breakouts like this but I liked very much the strong close above that strong area and corellations on other JPY pairs and on EUR USD. I didn't expect to see a false break. How can you know if it's a false break or not? If the close wasn't so strong I wouldn't have traded.
- #126,587
- Jul 3, 2013 12:17pm Jul 3, 2013 12:17pm
- | Joined Aug 2011 | Status: DON'T WORRY SCRO! | 16 Posts
Super-duper rant from me.
Hi guys, I’m Andrew. I started reading this miracle thing since August 2011 using Google-translate. I spent 2 years here lurking around and it took me 2 wonderful years for order to reading 3195 pages this amazing thread. And just now I’m writing my first post. I’m honored to write here, because this place is very special. For me, and for THOUSANDS others people around the globe.
First thing I want to apologize for my English. I start learning it October, 15, 2011. I never taught English previously and only thing, which prompted me has been this thread. I’d say that not thread itself but PEOPLE in this thread. I can’t explain that phenomenon. I just FEELING this.
It’s all you guys and this is you Jim…You’re crusader Jim. And your crusade will be alive for many years.
«The optimism in this thread is contagious...»
Yes it does. It’s so true. I love this.
I see PASSION here.
I often think back (actually –rereading my notes) all miracles that I’ve seen here…
I remembering how The Wizard was in debt and I remembering how he’s told to us how he became professional trader; I remember how amazing guy Chris screwed it up and went off, I remember how Big Guy wanted to speak with him…Jeez and my eyes filled with tears…It was tough for me...And I remember first anniversary – first 1000 pages, and then after 4 months – another one!..
I’m feeling that for these short 2 years (that was absolutely unbelievable for me), I feel like I’m has lived another life… It’s so strange feeling..
I go through to 1 from 3000 pages this amazing thread and I want say couple words about this place right now.
Most importantly, I’d want thank all brilliant folks who became peoples, ones I loved:
1. MERLIN.
“We should all feel honored that this mighty wizard has given us the great resource called forex factory.” – Big Guy.
Thank you.
THANK YOU MERLIN.
2. Jim (BIG GAY)
May God bless you Jim, your family, your friends and your work. You did Great work! Thousands people around the world thanks you.
THANK YOU JIM!
3. Mike (mbqb 11 aka Elmer or Forex Chuck Norris)
“…like Mike! I wanna be like Mike!”
THANK YOU MY FRIEND!
I REALLY WANT to be like you.
4. Patrick (Seeking Light)
I’m so missing about your posts…I’m enjoyed all of them.
THANK YOU PATRICK!
5. Mark (Raczeckfx)
This guy absolutely nuts. His Koenigsegg very similar at his trading style: it’s very fast and very hot. And it’s absolutely amazing.
Thank you, Mark.
5. Peter (Peter FM)
Thank you Peter. Your thread for newbies is very nice. Nice mentor for all of us.
6 Bill (Bemac)
35+ years experience… Almost Unbelievable trader like as a person.
Thank you Bill.
7. Mike (Jarroo aka the new Climate Czar)
Your amazing trading style = climate in this thread. It is unbelievable beautiful.
Thank you, Mike.
8. Chris (Clockwork 71)
Your Silent Service Method it FREEDOM in trading. You did very great work.
Thank you Chris.
9. Ghous
Just young genius. You’re great man! THANK YOU!
I very happy to see you here!
10 Aaron (Tia Forex)
I love your posts man. It’s pure gold. Your rants even more beautiful than my own at Russian price action forum
lol
After your thoughts I’ve always feeling myself much much better…
Thank you my friend.
Meanwhile I learn Price Action at the same time I worked hard and saving up my money for my account while being demoing.
I’m still on demo, I’m still not profitable.
But it doesn’t matter! Because I fully prepared to devote my life this and these short 2 years is NOTHING compare to my amazing future. But on another hand, these short 2 years were EVERYTHING compare to my previous ordinary life.
…Right now I hold Visa card in my hand and feeling that what I totally prepared to join with J16Group. I have enough money for 2-years (and more!) permanent membership. Now I have open registration page and I starting typing request for registration.
I’m HOME.
P.S. btw, by now I almost don’t use Google-translate anymore…
…as you can see. ROFL!
Hi guys, I’m Andrew. I started reading this miracle thing since August 2011 using Google-translate. I spent 2 years here lurking around and it took me 2 wonderful years for order to reading 3195 pages this amazing thread. And just now I’m writing my first post. I’m honored to write here, because this place is very special. For me, and for THOUSANDS others people around the globe.
First thing I want to apologize for my English. I start learning it October, 15, 2011. I never taught English previously and only thing, which prompted me has been this thread. I’d say that not thread itself but PEOPLE in this thread. I can’t explain that phenomenon. I just FEELING this.
It’s all you guys and this is you Jim…You’re crusader Jim. And your crusade will be alive for many years.
«The optimism in this thread is contagious...»
Yes it does. It’s so true. I love this.
I see PASSION here.
I often think back (actually –rereading my notes) all miracles that I’ve seen here…
I remembering how The Wizard was in debt and I remembering how he’s told to us how he became professional trader; I remember how amazing guy Chris screwed it up and went off, I remember how Big Guy wanted to speak with him…Jeez and my eyes filled with tears…It was tough for me...And I remember first anniversary – first 1000 pages, and then after 4 months – another one!..
I’m feeling that for these short 2 years (that was absolutely unbelievable for me), I feel like I’m has lived another life… It’s so strange feeling..
I go through to 1 from 3000 pages this amazing thread and I want say couple words about this place right now.
Most importantly, I’d want thank all brilliant folks who became peoples, ones I loved:
1. MERLIN.
“We should all feel honored that this mighty wizard has given us the great resource called forex factory.” – Big Guy.
Thank you.
THANK YOU MERLIN.
2. Jim (BIG GAY)
May God bless you Jim, your family, your friends and your work. You did Great work! Thousands people around the world thanks you.
THANK YOU JIM!
3. Mike (mbqb 11 aka Elmer or Forex Chuck Norris)
“…like Mike! I wanna be like Mike!”
Inserted Video
THANK YOU MY FRIEND!
I REALLY WANT to be like you.
4. Patrick (Seeking Light)
I’m so missing about your posts…I’m enjoyed all of them.
THANK YOU PATRICK!
5. Mark (Raczeckfx)
This guy absolutely nuts. His Koenigsegg very similar at his trading style: it’s very fast and very hot. And it’s absolutely amazing.
Thank you, Mark.
5. Peter (Peter FM)
Thank you Peter. Your thread for newbies is very nice. Nice mentor for all of us.
6 Bill (Bemac)
35+ years experience… Almost Unbelievable trader like as a person.
Thank you Bill.
7. Mike (Jarroo aka the new Climate Czar)
Your amazing trading style = climate in this thread. It is unbelievable beautiful.
Thank you, Mike.
8. Chris (Clockwork 71)
Your Silent Service Method it FREEDOM in trading. You did very great work.
Thank you Chris.
9. Ghous
Just young genius. You’re great man! THANK YOU!
I very happy to see you here!
10 Aaron (Tia Forex)
I love your posts man. It’s pure gold. Your rants even more beautiful than my own at Russian price action forum
lolAfter your thoughts I’ve always feeling myself much much better…
Thank you my friend.
Meanwhile I learn Price Action at the same time I worked hard and saving up my money for my account while being demoing.
I’m still on demo, I’m still not profitable.
But it doesn’t matter! Because I fully prepared to devote my life this and these short 2 years is NOTHING compare to my amazing future. But on another hand, these short 2 years were EVERYTHING compare to my previous ordinary life.
…Right now I hold Visa card in my hand and feeling that what I totally prepared to join with J16Group. I have enough money for 2-years (and more!) permanent membership. Now I have open registration page and I starting typing request for registration.
I’m HOME.
P.S. btw, by now I almost don’t use Google-translate anymore…
…as you can see. ROFL!
- #126,588
- Jul 3, 2013 12:49pm Jul 3, 2013 12:49pm
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Super-duper rant from me. Hi guys, I’m Andrew. I started reading this miracle thing since August 2011 using Google-translate. I spent 2 years here lurking around and it took me 2 wonderful years for order to reading 3195 pages this amazing thread. And just now I’m writing my first post. I’m honored to write here, because this place is very special. For me, and for THOUSANDS others people around the globe. First thing I want to apologize for my English. I start learning it October, 15, 2011. I never taught English previously and only thing, which...
New people often complain that the size of the thread is too big for them to go through it. Their concerns are valid but then once in a while you get posts like these that make your day...heck make your week!
A very warm welcome to the James16 family bro, and do not hesitate to ask questions
g.
I believe . . .
{quote} Truly Inspiring stuff. New people often complain that the size of the thread is too big for them to go through it. Their concerns are valid but then once in a while you get posts like these that make your day...heck make your week! A very warm welcome to the James16 family bro, and do not hesitate to ask questions
PS till april i didn't even knew the meaning of PA
Super-duper rant from me. Hi guys, I’m Andrew. I started reading this miracle thing since August 2011 using Google-translate. I spent 2 years here lurking around and it took me 2 wonderful years for order to reading 3195 pages this amazing thread. And just now I’m writing my first post. I’m honored to write here, because this place is very special. For me, and for THOUSANDS others people around the globe. First thing I want to apologize for my English. I start learning it October, 15, 2011. I never taught English previously and only thing, which...
Very nice first post!
- #126,591
- Jul 3, 2013 1:51pm Jul 3, 2013 1:51pm
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
{quote} hi ghous its been 6 months i entered this FX business directly real but i was not fortunate as others because i found J16 thread last week and i must say all the post are worth reading and you guys are doing very good work , earlier my trades used to be based completely on indicators but now i use PA for entering in any trade looking forward to learn from you guys PS till april i didn't even knew the meaning of PA
Glad to have you on board. You are lucky to have discovered gold and jewels under the first few rocks you turned. I do regret my first two years spent chasing indicators and silly mechanical systems before I stumbled upon a this awesome thread.
Welcome aboard brother
g.
I believe . . .
- #126,592
- Jul 3, 2013 2:43pm Jul 3, 2013 2:43pm
- Joined Feb 2008 | Status: sucker for punishment | 2,444 Posts
PATIENCE... DISCIPLINE
- #126,595
- Jul 3, 2013 3:49pm Jul 3, 2013 3:49pm
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Super-duper rant from me. Hi guys, I’m Andrew. I started reading this miracle thing since August 2011 using Google-translate. I spent 2 years here lurking around and it took me 2 wonderful years for order to reading 3195 pages this amazing thread. And just now I’m writing my first post. I’m honored to write here, because this place is very special. For me, and for THOUSANDS others people around the globe. First thing I want to apologize for my English. I start learning it October, 15, 2011. I never taught English previously and only thing, which...
- #126,596
- Edited 5:10pm Jul 3, 2013 3:58pm | Edited 5:10pm
- Joined Feb 2008 | Status: sucker for punishment | 2,444 Posts
PATIENCE... DISCIPLINE
- #126,597
- Jul 3, 2013 4:39pm Jul 3, 2013 4:39pm
- Joined Feb 2008 | Status: sucker for punishment | 2,444 Posts
This would have been a nice setup, didnt see it break though...price ranging nicely.
nice TL, clear PPZs, with price flipping around, from box to box. 1.05300 finally gives as support and price breaks down through it and the TL. The 4H prints a BEOB closing below both. The BEOB breaks then retests the break of the TL and PPZ and drops straight to the FTA.
(talking about "storys" n that )
jon
nice TL, clear PPZs, with price flipping around, from box to box. 1.05300 finally gives as support and price breaks down through it and the TL. The 4H prints a BEOB closing below both. The BEOB breaks then retests the break of the TL and PPZ and drops straight to the FTA.
(talking about "storys" n that )
jon
PATIENCE... DISCIPLINE
