Nice one. Which broker you are using to trade those instruments?. I am looking for better one.
james16 Chart Thread
{quote} Hey P, Like I said, I have no arguments against close levels, but I just prefer the highs and lows more not because I am in love but because I have seen them work for me. Happy holidays and a new year everyone. Also a great Christmas to those who celebrate itg.
- #129,326
- Dec 24, 2013 12:19pm Dec 24, 2013 12:19pm
Merry Christmas to all who celebrate it and to those that don't, Happy holidays as well. Thank you all of you guys here for making this trading year fantastic for. I am forever grateful esp James16 for starting this thread,Mike for all the help given[not forgetting your videos], Ghous for helping me identify trouble areas better, Jaroo,Pinbar............ and all of you guys that have made this thread a haven of information on forex trading and continue to add to it each and every passing day. Thank You 
.
Albus
to all who celebrate it and to those that don't, Happy holidays as well. Thank you all of you guys here for making this trading year fantastic for. I am forever grateful esp James16 for starting this thread,Mike for all the help given[not forgetting your videos], Ghous for helping me identify trouble areas better, Jaroo,Pinbar............ and all of you guys that have made this thread a haven of information on forex trading and continue to add to it each and every passing day. Thank You .Albus
- #129,329
- Edited 8:39pm Dec 24, 2013 8:11pm | Edited 8:39pm
{quote} Definitely nothing wrong with banking profit at a level and then re-offering the same level once you have confirmation price has broken through, IMHO. Smart trading.
Yes i re-entered again and closed with 30 points. The reason for taking the points like this, there is a left shoulder on DTF. Price may turn and create right shoulder before move down. Once the shoulder line is broken i am confident about down move then my SL go above right shoulder with LTF entry. at the point of this post price flagged up with weak bulls from shoulder line and going to break the line with nice bear. Lets see what happens.
- #129,330
- Dec 24, 2013 8:32pm Dec 24, 2013 8:32pm
{quote} I wouldn't take this trade for a couple of reasons: First, the weekly pin bar is quite weak. it's actually barely a pin bar, as the price closed just a couple of pips above the last bars' low. Furthermore, the bar is considarable smaller than the previous bars. Secondly, you will be trading right into that BRN 0.9000 In fact, on daily it looks more of a breakout - pull back - continuation pattern... and it might provide good short signal... But yeah, definately not a good long signal for me.
Nice reading. I agree PB is not strong enough. But considering the location it formed and the daily TF PA, it can be strong. Moreover we have a nice pinbar weekly in Eur Aud, that is an added confluence. DTF not showing continuation pattern if price pinned at the blue line i will be looking for long.
I don't much consider round number ( may be i can see how significant it is in how u guys trading). But said 0.90000 RN can be a first TA yes.
- #129,331
- Dec 25, 2013 1:04am Dec 25, 2013 1:04am
{quote} Hi mate, Nice reading. I agree PB is not strong enough. But considering the location it formed and the daily TF PA, it can be strong. Moreover we have a nice pinbar weekly in Eur Aud, that is an added confluence. DTF not showing continuation pattern if price pinned at the blue line i will be looking for long. I don't much consider round number ( may be i can see how significant it is in how u guys trading). But said 0.90000 RN can be a first TA yes. {image}
You are not alone on this one. Lets see how it goes but at least its now a risk free trade for me.
Merry Christmas to all the Christians of the world. Expecting my chicken laps from you all. lolz...
Jibson
May the odds be in you
Still trying to get to meet myself...
- #129,332
- Dec 25, 2013 2:39am Dec 25, 2013 2:39am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
{quote} Ghous, Is this a perfect example of what you refereed to in the previous post i.e. "low volume leading to irregular volatility" or is it a true fakeout scenario? - In this case market wants to breakout, but there is not enough strength in the breakout. It tried to attract additional orderflow but could not. Neytiri {image} {image}
You're right in that it failed to attract any real order flow but is it because the pros aren't interested in buying or is it because the pros aren't interested in trading at all at this time. The two ARE VERY different situations.
Always best to be on the safe side.
g.
I believe . . .
- #129,333
- Dec 25, 2013 2:43am Dec 25, 2013 2:43am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Nice PB AU weekly....{image}
{quote} Nice, but ..
g.
I believe . . .
- #129,334
- Dec 25, 2013 2:48am Dec 25, 2013 2:48am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
{quote} I wouldn't take this trade for a couple of reasons: First, the weekly pin bar is quite weak. it's actually barely a pin bar, as the price closed just a couple of pips above the last bars' low. Furthermore, the bar is considarable smaller than the previous bars. Secondly, you will be trading right into that BRN 0.9000 In fact, on daily it looks more of a breakout - pull back - continuation pattern... and it might provide good short signal... But yeah, definately not a good long signal for me.
That coming from you makes me feel real good. Great identification of deficiencies on that one
g.
I believe . . .
- #129,335
- Dec 25, 2013 4:09am Dec 25, 2013 4:09am
- | Joined May 2010 | Status: Trader | 1,100 Posts
Merry Christmas to All
- #129,339
- Dec 25, 2013 5:24pm Dec 25, 2013 5:24pm
- | Commercial User | Joined Aug 2006 | 12,004 Posts
merry christmas to all
