james16 Chart Thread

g_j_hook@yah · #**22500** Feb 25, 2009 1:32pm

i think this level on us/cad has been mentioned recently. something im watching right now.

g_j_hook@yah · #**22590** Feb 26, 2009 12:07pm

hi guys, lookin for some feed back on this setup i would have (probably)taken today if i had been at my screen. it looks good now but it always does when its a winner!!lol
its a us/cad 4hour beob but with a lot of traffic.great ppz though.i find this pair interesting at the mo as it is really winding up tight in a triangle formation which can be seen clearly on the daily chart.hence the post

hope you guys can add some light here for me??!!

g_j_hook@yah · #**22596** Feb 26, 2009 12:43pm

Quote:

Originally Posted by Jlr

To me the bearish outside bar is to small, and the area it is in also is to insignificant. Also there is traffic approaching that can reverse the trade fast. The R:R doesn't seem all that great either, especially taken into account I haven't found a broker that offers a good spread on this pair. Not personally a trade I would take, but maybe you have a better reason.
Looking at it again, does not look that bad, but I would probably would of considered taking pips about 40 pips from your entry.

Hi jlr,thanx for your responce.makes sence,Your right i would also have taken profits fast(around 30 initially,68% of the little raleigh and a bit history at the same price range)and then the last lows,which it did reach.but you right,the more i look the more im thinking it was luck rather than a good trade.
thanx bro

g_j_hook@yah · #**22597** Feb 26, 2009 12:49pm

Quote:

Originally Posted by ghous

It really could have been only a matter of a few pips, the result might have been totally different (may even have been opposite) had the BEOB not closed below 1.253, once it did the next stations were fairly clear, the 1.247 and the 1.24 round number

Did'nt take this one (was'nt around) but this BEOB IMO was perfectly tradable, simply because it was off a nice location and despite occuring in a ranging market had some space for a viable trade entry.

Regards,
Ghous.

thanx ghous, i was concerned about the traffic, the first res. area was very close for the risk,on my feed bout a 65 pips stop for a possible 30-40 pips.can i ask how sure were you that the price would reach its... DESTINATION!!!!hehe??(for me 1.2415 + spread.
seems i have some to learn yet!!

thanx mate

g_j_hook@yah · #**22599** Feb 26, 2009 1:11pm

its closed a nice pin on my demo feed!! i like this one. looks like a nice break of the wedge with a retest...and a nice pin to get you in there.MMMMMmm
89.15 ish looks good for an entry with the daily pivot ppz and a fib confluence

g_j_hook@yah · #**22602** Feb 26, 2009 1:19pm

Quote:

Originally Posted by ghous

It wont work like this Bro,

Stay right beside your decision with a puffed out chest

....

thanx bro ,great post.cristal clear as usual.
when im at home to trade full time(will have a couple of months from next week!!yipee)i never read the threads for this reason.without the time tested experience under your belt its all too easy to be influenced!
i trust my tech analysis fully as it is time tested,and because i know what i dont know,if that makes sence?but trading real cash is new for me and makes for blury edges,hehe
living and learning though.

g_j_hook@yah · #**22604** Feb 26, 2009 1:22pm

Quote:

Originally Posted by g_j_hook@yah

its closed a nice pin on my demo feed!! i like this one. looks like a nice break of the wedge with a retest...and a nice pin to get you in there.MMMMMmm
89.15 ish looks good for an entry with the daily pivot ppz and a fib confluence

well there i go!!

g_j_hook@yah · #**22617** Feb 26, 2009 2:02pm

Quote:

Originally Posted by Jlr

I don't mind that trade, no comment on it really, but for your entry I think you could of found a better entry at 89. Has some fib support, even number, and PPZ level. Something I've been trying is to play these levels fairly aggressively, but playing them with really tight stops, say like 10 pips or so, and hoping they hold. Just an idea, something I demo only, and not cash.

I know its only a few pips that you are saving, by not playing the pin break, but to me in this trade with a small profit target ahead of about 50 pips, I think it makes...

ha, great to see this post mate... im doing exactly the same!!just this minute entered the gb chf shoert on the retrace to 6700!!hehe

regarding my eu/gb entry it was from an entry order.
EDIT:same entry on my real account as this demo chart.

g_j_hook@yah · #**22623** Feb 26, 2009 2:07pm

Quote:

Originally Posted by ghous

Sweet!

BTW Shouldn't the 8940 region be of some worry??

Where do you plan to take your profits hook?

ghous you speak my language mate, i quikly plotted my plan on my demo chart,its a good way for me to track my trades.
p.s. youlle be missed when your gone eh?...exams??!!how old are you mate?

g_j_hook@yah · #**22627** Feb 26, 2009 2:23pm

Quote:

Originally Posted by ghous

Check the profile

seems your getting a good start to your carrea!! nice 1 and good luck my friend

g_j_hook@yah · #**22677** Feb 27, 2009 7:29am

Quote:

Originally Posted by Rainmaker

Not trying to discourage you, and also not saying this beautiful pin bar cannot still work out. Just wanted to point out what it is facing.
And if I may quote James16 or Jarroo, respectively:

Just trying to help, no offense intended.
RM

thanx for the advice bro,i was aware of this level and would have closed some of my possition if i had been here to monitor the trade.this is good advise,not every pin offers the moon!(to be honest thought it would try a bit harder though

currently holding the possition with about 2 pips profit hehe. dont see any reason bail out yet though.although dont like fridays much!
raised my stop to just below the 8900 level. will see?
thanx, jon

g_j_hook@yah · #**22682** Feb 27, 2009 7:54am

Quote:

Originally Posted by simoncs

yup - been watchin for a break of this TL - took the 1hr pin using the IB on 4hr as another reason

already out for 50pips though as i am also short gbpjpy and gbpusd - so too much profit on the table.

bit sily though as i am fairly certain it will end up at about 635 area

nice trade mate

g_j_hook@yah · #**22687** Feb 27, 2009 8:26am

Quote:

Originally Posted by simoncs

thanks - but oh look where it ended up

will keep an eye out for PA here as this is a TL and PPZ meeting point

in these situations i always remind myself i miss 1000s of pips everyday if you consider every move on every instrument!!! cant have them all

save some for me!!

g_j_hook@yah · #**22689** Feb 27, 2009 9:01am

Quote:

Originally Posted by datogio

I took that one on H8 pin break out, you're right it looks agressive on daily

looking good now !

i have bullish div. on my rsi on the daily tf......averything helps no??

g_j_hook@yah · #**22696** Feb 27, 2009 10:22am

on my feed the yen crosses are forming v.nice looking pins. bars dont close for 40 mins yet though.
i perticularly liked the 1hour pin on au/yen,and the 4hour if it forms