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james16 Chart Thread
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Mar 26, 2010 2:38pm
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Quote:
Originally Posted by chatzi
Whats wrong with the hourly charts, surley you can take a trade within the space of an hour?...
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Some will never get what trading on the higher time frames is really about. Even fewer will find their way out giving the whole thing a bazooka hit with an intra day start...I wish you're amongst these ppl Chatz,
Jim I guess was making a general comment no?
g.
__________________
 - "It is dirt simple folks." <--> James16
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Mar 29, 2010 8:18am
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Quote:
Originally Posted by mattfx
Setup for the ej a couple of days ago with a daily PB that found support at 120 which also coincided to the mark with the 78.6 fib retracement, a 10 pip break at 121.70 above the high kept us out of trouble, it was worth the wait and now approaching a double high at within a few pips of 125.20 a break above this level would take us to 127 a very strong PPZ lets see what comes of it ? Stay focused......and good luck all
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Good sensible trading.
__________________
 - "It is dirt simple folks." <--> James16
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Apr 1, 2010 11:04am
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Chf/Jpy weekly...
chart.
__________________
 - "It is dirt simple folks." <--> James16
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Apr 1, 2010 11:31am
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confluence.
g.
__________________
 - "It is dirt simple folks." <--> James16
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Apr 1, 2010 11:44am
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Quote:
Originally Posted by jarroo
Hey Rac . . . . you changed your username. We already have a ghous.

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Wasn't a touch trade smart guy.
g.
__________________
 - "It is dirt simple folks." <--> James16
Last edited by ghous, Apr 1, 2010 12:07pm
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Apr 1, 2010 12:04pm
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Quote:
Originally Posted by nasir.khan
nice charts dude.
hmmm why the size of your attachments is so big?
posting from a new widescreen. 
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15.6 inch laptop screen
g.
__________________
 - "It is dirt simple folks." <--> James16
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Apr 2, 2010 5:59am
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Quote:
Originally Posted by nasir.khan
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So where do you see it going? I assume the latest long is in line with an expectation to see this run continue...
g.
__________________
 - "It is dirt simple folks." <--> James16
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Apr 3, 2010 12:24pm
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Quote:
Originally Posted by cprao
I have Been reading this forum for a long and did interact a very few times here. Still learning the trade..
Does this Pin bar on EURJPY make any sense to go long further ?
Pros:
1)Bounced off the PPZ 126.90 or 127.00 area
2) No visible traffic ahead until 129 area
3) bar is also off 38% retracement of fibnocci connecting 10/23 and 2/24
Cons:
1) Pin bar is not at the swing low, in fact at the swing high.
2) Not a big wic pin bar, though the body is closed above the previous bar.
How do you rate this ? Does this makes sense to go long...
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Throw in the 128 round number and see what value it holds
Continuation pin bars or for that matter any pa bar you use as a continuation signal is a lot more subtle than pa setups at swing ends. Hence you need to be extra careful
Buying into heavy resistance doesn't fall into my trade criteria at least.
(Just FYI I was looking for a much larger tail on your pin bar to give me a perfect IPB to go short)
g.
__________________
 - "It is dirt simple folks." <--> James16
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Apr 3, 2010 2:18pm
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IPB
Quote:
Originally Posted by cprao
Thank you Ghous. Short from here ? Can you please further explain ?
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A bullish pin bar at a swing high and at good resistance can be a good signal short. Search through my posts with the keyword "IPB" and you'll see what I mean.
This does not qualify because of it's small shape but the location is ideal for one.
Here's an example of a better setup:
g.
__________________
 - "It is dirt simple folks." <--> James16
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Apr 4, 2010 12:11am (44 hr ago)
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Quote:
Originally Posted by Scotty2Cues
Hi, Newbie here
Typical newbie question: is 250 pips profit per month (on average) realistic, or 10% account profit per month? Trading only weekly/daily TFs
Thanks
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Hey Scotty
well all really depends on your trading style, if you're one of those who look for only a couple of slam dunks a month you might not make it to 250 pips but does that necessarily mean you won't make it to 10% either. No. You can always position size in a way where whatever pips you make in a month turn out to be enough.
Conversely following a more aggressive strategy might lead you to more than 250 pips a month but again you can position size accordingly.
hope this made sense.
g.
__________________
 - "It is dirt simple folks." <--> James16
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Apr 5, 2010 10:58am (9 hr ago)
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Quote:
Originally Posted by nasir.khan
Thanks Sc.
Btw my English is a thousand times better now cause of FF.
I just noticed that in past 1-2 months i have also started to think in English too.
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I record my trades and their updates in English. take that
lol.
g.
__________________
 - "It is dirt simple folks." <--> James16
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