Video Wrap up from this week. Now time for a weekend beerhttps://www.youtube.com/watch?v=mTiM7xE5myg
'Fail to plan, plan to fail'
james16 Chart Thread
GBPAUD Get in too early in that, but looks like we're clarifying. Deny of daily PPZ around 1.9250, nice H4 divergence and a lot of gap between next ppz on h4. It have a potential of 1.8500-50, but will take some profits at 1.8900. {image}
Video Wrap up from this week. Now time for a weekend beer
nice one mike
{quote} Stopped out to the pip then price went south again! Have a gr8 weekend everyone. Nice trading Inco and Mike!
Video Wrap up from this week. Now time for a weekend beer
Hope you all had a fab weekend. It was a public holiday in SA yesterday and like every long weekend; I have a blast; lots of partying and lots of drinks. I particularly enjoyed watching those spuds lose the title in last night's match against Chelsea. Congrats to any Leicester City fans here. 
Alright, trading!
EURUSD: It's no secret that we're overbought here and we can't honestly expect this rally to continue without any retracement. That together with the fact that we're at the top of the weekly box made short-term shorts a good idea to me. I shorted a 2 hour inside bar with 1.16000 at its back, and then closed out for 37 points profit. 
And then a slightly larger touch trade off the daily TL which is still running. I've now moved my SL to BE. Let's see if this one has enough steam to go all the way. 
USDCHF: Daily support at BRN 0.95000. 4 hour inside bar through to the FTA for 33 points profit. 
GBPUSD: I had decided against taking the 1 hour BEOB rejecting 1.47500, as I had 2 EU shorts and didn't want to triple my risk. Bad choice in hindsight; what a stunner it was! **slaps herself across the face for being so stupid**
USDCAD: Trade update - We got a really nice bounce as expected, and this could spark a retracement to 1.30 or even beyond. However I do not want to be caught on the wrong side of this avalanche so I've moved my stop to BE and I've decided on 1.27500 PPZ as my target for 250 points profit. 
That's it for now. All the best for the rest of the week and safe trading guys.
Alright, trading!
EURUSD: It's no secret that we're overbought here and we can't honestly expect this rally to continue without any retracement. That together with the fact that we're at the top of the weekly box made short-term shorts a good idea to me. I shorted a 2 hour inside bar with 1.16000 at its back, and then closed out for 37 points profit.
And then a slightly larger touch trade off the daily TL which is still running. I've now moved my SL to BE. Let's see if this one has enough steam to go all the way.
USDCHF: Daily support at BRN 0.95000. 4 hour inside bar through to the FTA for 33 points profit.
GBPUSD: I had decided against taking the 1 hour BEOB rejecting 1.47500, as I had 2 EU shorts and didn't want to triple my risk. Bad choice in hindsight; what a stunner it was! **slaps herself across the face for being so stupid**
USDCAD: Trade update - We got a really nice bounce as expected, and this could spark a retracement to 1.30 or even beyond. However I do not want to be caught on the wrong side of this avalanche so I've moved my stop to BE and I've decided on 1.27500 PPZ as my target for 250 points profit.
That's it for now. All the best for the rest of the week and safe trading guys.
- #139,011
- May 3, 2016 3:27pm May 3, 2016 3:27pm
- Joined May 2011 | Status: Trader | 1,265 Posts
Nice trading Inco. I am short EUR/USD H1 PB. It was worth the small risk i took getting in. At BRN 1.15000 so c if it can break through. Nice bearish bar forming on D1 too.
'Fail to plan, plan to fail'
Hi folks. A lost son is back 
Embarrassed.
Well, years ago I used to post some pictures to this thread, but then I gave up and started to look for a HOLY GRAIL somewhere else... Did not know that I have a holy grail, in my head. After years of some wins, but a lot of losses I stopped trading at all and sat down to find out what the heck is wrong with me.
And you will not believe what made me to come back!
Just the change of point of view a have had about "trading". Instead of to make 100K in a year I started to treat my small account (I did not blew up that one) not as a trading account, but as my PENSION FUND... With one simple target... Just to build it up.... No matter how much per month but positive return..
I do not know whether you properly understand what I am writing, because I am Slovak and my English is not as it should be... But I am trying to improve
Wink
Well, I started my FUND on February 1st 2016, using some SMAs and since then, up till now I have had my FIRST three consecutive months of PROFIT ever!!!
For 3 months up 8% overall. I could not believe when I have looked at my balance just 2 days ago.
Only trading what I said above.
Well, I DO NOT WANT TO ADVERT ANYTHING, only to say, that I believe that this simple CHANGE in my MIND was the best step I could to do it... But it didnt happen overnight. Hopefully, you all understand what I mean.
But now.. What if I will start to combine my SMAs with a powerfull james16 stuff? Because, I am always sometimes not sure with my entries...
My big question is. Does it exists, or can anybody post a link with basics of jim PA stuff? Or is it only on PF?
Please.
Big thank you folks.
P.S.
see? english... I am not sure whether on, or at PF geez)
P.S.S.: feri z kosic (I do not know, why I have choose such a nick..) it simply means frenky from Kosice in slovak language... (Kosice is a beautifull city in eastern Slovakia)
Embarrassed.Well, years ago I used to post some pictures to this thread, but then I gave up and started to look for a HOLY GRAIL somewhere else... Did not know that I have a holy grail, in my head. After years of some wins, but a lot of losses I stopped trading at all and sat down to find out what the heck is wrong with me.
And you will not believe what made me to come back!
Just the change of point of view a have had about "trading". Instead of to make 100K in a year I started to treat my small account (I did not blew up that one) not as a trading account, but as my PENSION FUND... With one simple target... Just to build it up.... No matter how much per month but positive return..
I do not know whether you properly understand what I am writing, because I am Slovak and my English is not as it should be... But I am trying to improve
WinkWell, I started my FUND on February 1st 2016, using some SMAs and since then, up till now I have had my FIRST three consecutive months of PROFIT ever!!!
For 3 months up 8% overall. I could not believe when I have looked at my balance just 2 days ago.
Only trading what I said above.
Well, I DO NOT WANT TO ADVERT ANYTHING, only to say, that I believe that this simple CHANGE in my MIND was the best step I could to do it... But it didnt happen overnight. Hopefully, you all understand what I mean.
But now.. What if I will start to combine my SMAs with a powerfull james16 stuff? Because, I am always sometimes not sure with my entries...
My big question is. Does it exists, or can anybody post a link with basics of jim PA stuff? Or is it only on PF?
Please.
Big thank you folks.
P.S.
see? english... I am not sure whether on, or at PF geez)P.S.S.: feri z kosic (I do not know, why I have choose such a nick..) it simply means frenky from Kosice in slovak language... (Kosice is a beautifull city in eastern Slovakia)
- #139,013
- May 3, 2016 3:58pm May 3, 2016 3:58pm
- Joined May 2011 | Status: Trader | 1,265 Posts
Hi folks. A lost son is back
'Fail to plan, plan to fail'
