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james16 Chart Thread
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Jul 15, 2009 10:55am
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Quote:
Originally Posted by pipmax
Thank you for reply
Entry so late because i see it a few hours after open the Daily Bar,
then i think it`s maybe better to wait the Price break the 0,7900 and set a "buy stop" at 0,7910.
I know it?s not right way, but at the time i set up the trade it was the
best (so i think), but i?m a newbie and have to learn so much.
That?s why i read this thread since a few weeks.
Sorry for my bad English.
Trade well!!!
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hi pipmax, i agree with ghous and just wanted to add a side note.
if you played the break of the round number i would be carefull of entering after only 10 pips above/below the round number as this is not a good confirmation that it has broke. price often breaks the round numbers by 10-20 pips( just from the momentum of the previos move) and then falls back below/above on the next candle to close below. just a heads up
jon
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Jul 15, 2009 4:23pm
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this may sound strange but i am leaning more and more towards scaling IN when a trade has set off in my direction, maybe by going down a TF or adding more when the PA allows. Once i have my original SL at BE or better i would rather add to the possition than take anything away.
not letting my winning trades run has been the biggest issue i have had/have what slows my account growth.
just another view
jon
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Jul 15, 2009 5:36pm
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Quote:
Originally Posted by supremeChaos
no problem with scaling in, as long as a trader knows what he/she is doing & knows the correct reentry & stop areas.
imho, it would be better & easier to have the full position (2-10+ lots) up front then just scale out than
have 2-5 positions up front then scale in, unless u are master scaler (which then would really give good amount of pips). lol
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lol, u miss my point SC, if i am risking 2% on one trade, i am not going to start risking 10% just so i can take some profits earlier.  if i got in a trade and it started to trend my way (on whatever TF your looking at) then i want to capitalize on that by adding more when the PA allows. you dont need to be a master scaler to do that!! lol i just use the same kinds of pa that got me in in the first place.
if a trade goes 100 pips( with a 100 pip SL) in your favour and you take half off the table, price then needs to move another 100 pips in your favour to give you the amount you had when you closed half yes? so if it moves another 100 pips you have just made an extra 50% by price moving 200%
The way i see it this is just a lot of hard work and stress for not very nuch return, if i think price will reach my 2nd TP with as much conviction that i had that it would reach my first then why close any? i am starting to prefere to just put my stop really tight if i am worried it may reverse on me( 10=15 pips). At least that way if it does go further it will pay well and if it doesnt then no problem with a tight SL i wont be giving much back either.
imagine the first senario but you ADD to your possition at each TP rather than close some... i ll let u do the maths hehe
this is just the way i am seeing it atm
jon
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Last edited by g_j_hook@yah, Jul 15, 2009 6:19pm
Reason: typos
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Jul 15, 2009 5:43pm
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Quote:
Originally Posted by albchr
Well...lol...I can't speak for anyone but myself but, I live my life in reality, not theory. Yes, beyond a shadow of any doubt, I can say that for sure.
Right now the % I risk (due to need) is FAR greater than 1% or 5% per trade. But like Jim, I'll kill a trade fast if not going my way. The "fixed" stop I place is just a safety net in case I loose connection with my broker. Seldom if ever will I let it run all the way there. I get my stop to BE or BE+ a few VERY quickly. I get stopped out a lot but when that one comes along and runs....I...
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nice one, i was going to make the comparison of trading big bucks to trading big %s. i know if i traded 25% risk i would trade differently than i do now! i would like to think that i would trade a large account the same as i do a small one as i dont like the idea of selling my account short after all the time it will take me to build it up in the first place. I doupt i will though. lol
One thing to bare in mind is that if that smaller % returns on a big account are enough to pay your wages why risk your buiseness capital more than nesesary??
cheers
jon
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Jul 15, 2009 6:01pm
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Quote:
Originally Posted by PeterFM
Why not just post your method on this one.
I remember looking at it way back but it might help those that have missed it and jog those of us who need to revisit it.

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i second that!! this sounds interesting
jon
p.s. i love your signiture!! so true...so true
Quote:
The greatest obstacle to discovery is not ignorance--it is the illusion of knowledge.
Daniel J. Boorstin
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Jul 15, 2009 7:56pm
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Quote:
Originally Posted by Bemac
A Past Blast....
[color=Blue][i]Hi folks,
As some of you know I have, only recently, moved to a MetaTrader Platform.
Therefore, I am now without a few of the Tools I used to carry in my toolbox. {funny how learning a different language can, sometimes, make you feel lost.}
This is not something that you would be likely to use on a Scalping Method but moreso on one of those Trades that take off & you are up 50P before you know it.
Here's how it works. Let's use a Long Trade as an example.
I Buy EUR/USD @ 1.3500 & before I know it I'm UP 50P.
Q)...
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very nice Bemac, what a great way to build a possition.i sometimes take 15 min bars and have been thinking on how they could be built into a longer running trade. increasing the SL is a must but neither did i want to risk what i just made to stay in. great solution. for someyone as impulsive and undisciplined as i am implimenting a more rule based trading method is always a good idea. this is something i will be testing i like it a lot.!!
from your experience do you find price kind enough to accomodate on a regular basis? and what % of the profit are you locking in? the 80% you mentioned? this seems a lot to me,at least initially??
cheers
jon
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Jul 15, 2009 8:08pm
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Quote:
Originally Posted by Luso
I am doing very similar to you, g_j....
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ye sounds very like the way i am starting to impliment the idea, i basically wait for the break on a daily/4h set up and try and trade the move as a trend on the hourly/15 min charts. i like IBs to add as they offer a low SL or a BEOB/BUOB which engulfs a small consolodation.And of course a nice looking pin at a retrace. i did pretty well out of it on the eu/au move, although im out now.There is also a possibility of getting in a move which didnt give any PA when it started. if the momentum is there its worth a small initial risk, say .5-1%, on entering say a 1h IB.
keep me posted on youir success
cheers
jon
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Jul 15, 2009 8:25pm
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Quote:
Originally Posted by Bemac
As in most things in Trading, there are variables involved.
Depends on my perspective of the Trade.
I've used 15P to Kick in with 24% pullback... I've also used 250P to Kick in with 39% pullback.
Just depends on how You see the Market.
Hope it gleans a few P for you.
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cheers  much appreciated
jon
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Jul 17, 2009 12:30am
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James sir, get back to your holiday mate!!! dont you ever sleep!!
i can feel a fatherly eye on my shoulder. hehe
av a good one!
cheers
jon
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Jul 17, 2009 1:26am
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Quote:
Originally Posted by tac
Ok ill go with Martin Pring.
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hey tac mate, i feel you were a bit defensive with your responce to eswapO's posts. they were trying to help. the only point they were trying to make is that the point at which you have used for the second touch for ur TL is not a good 1. think about it price nust keep falling to make that TL valid. the fact you were talking about it as a confluence gave us reason to be concerned as it wouldnt be.(untill price dropped AT LEAST and for me a third reaction to validate the line.) just dont want you to waste any money old bean, 
good luck
jon
p.s. here's a couple of TL trades iv took latley if anyone is interested
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Last edited by g_j_hook@yah, Jul 17, 2009 1:40am
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Jul 17, 2009 1:39am
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Quote:
Originally Posted by Icehocey77
Aud/usd is an interesting chart to watch. Two approaching trendline and the .8000 in the mix.
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this on my watch list also. its gonna do something sooner or later thats for sure. it looks a bit bearish to me but lets wait n see if the 80 level holds?? 
cheers jon
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Jul 17, 2009 1:48am
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Quote:
Originally Posted by ghous
Hear HEAR!
It's the TL guy...
Good job Jon. 
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ohho!! stop right there sir ghous!! 
i know nothing! just pointing out the obvious mate. wouldnt want to see cash thrown away.
jon
p.s. u are up early arnt u!! ahhh the energy of youth!! lol
pps. thats actually my name...Guy ! haha
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Jul 17, 2009 1:56am
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Quote:
Originally Posted by tac
Ok ill go with Martin Pring.
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i have only read bits of his books so i cant say but in my search i couldnt find anything better than whats here on FF. i agree with SC on this one try aediaz1's and belekas' threads and posts. good stuff.
jus my opinion
jon
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Jul 17, 2009 1:58am
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Quote:
Originally Posted by ghous
lol!
It's 10:53 am here bro, I am fortunate enough to see the sun during the Ny and London session and have the liberty to sleep through the boring Asian sessions (night time here in Pakistan).
Ghous.
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ahha!! for some reason i though you were in the uk!?!? dont know why.
happy hunting bro
jon
p,s, i like your new signiture !!lol it reminds me of some of my ex girlfriends! hehe
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Man has to suffer. When he has no real afflictions he invents some...
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Jul 17, 2009 2:17am
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Quote:
Originally Posted by jimboo
I read this quote from the Master James
<<what all of you have to see in this is that Ryan earned his stripes. the fact that he is better at lower time frames than larger is no mysterious thing. im better at a 2000 tick dow chart than i am a daily forex chart. in my case its not really the time frames its the markets. i know the dow from years of trading it.>>
 [b]James if you know the 2000 Tick chart and trading the Dow better than the Daily Forex chart, can you please teach us your wisdom and experience so...
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hey Jimboo hes doing just that!! i believe he trades that market like any other. thats one of the beauties of this method.
jon
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Jul 17, 2009 3:35am
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Quote:
Originally Posted by tac
You should read his books you will learn loads along with this great thread. I think Jim even mentions him as an influence. Try reading this thread from the beginning also, check out isotonics charts, youll see why drawing trendlines as confluence is helpful. http://www.forexfactory.com/showpost...&postcount=521
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jeeez, i give up
good luck fella.
p.s. if you had read it you would see iv been posting over a year.
i didnt see the TL hit 4 or 5 times???
were jus trying to help mate.
jon
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Jul 17, 2009 9:39pm
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Quote:
Originally Posted by Jduester
I was out this past week for a family vacation on Green Lake, WI... very fun. Just got back to the civilized world... have 783 messages to read on this thread and a bunch more on CW's thread...guess I have my weekend scheduled now!
Looks like there were some great opportunities for some daily and 4hr trades guys... looking forward to seeing how everyone did.
Will be back on sometime tomorrow to get caught up.
Josh
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welcome back Josh. i hope your refreshed and ready to go!!!! lol
jon
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Jul 17, 2009 9:46pm
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Quote:
Originally Posted by CkM8
Yes... but it's kind of annoying when people ask on their first post something that is posted on Post 1 of the thread.
I'm not saying that newbies don't deserve to be helped. They DO!!The whole reason i'm starting to participate here more is exactly because I feel like I now have something to offer.
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haha, i think when people begin to understamd the respect the seniors here deserve ,most go back and start reading. i can understand some posts but i agree, some people just seem to be bored and just want to waste a bit of time!!!  lol
i take my hat off to them all   ( the seniors i mean!! they know who they are.)
jon
p.s. Glad your still here Bundy, we are missing your posts man!! 
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Jul 19, 2009 9:58am
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Quote:
Originally Posted by bundyraider
Social life....
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Nice one Bundy, these are those Bundy golden nuggets we were missing !!! 
i think ill pull a chart of this pair and watch wot happens also. I love it when people like your good self see the pa on a chart pretty much like i would!! great confidence boost.
Do you always use close prices for your analysis?? or both??
cheers
jon
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Jul 19, 2009 9:59am
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Quote:
Originally Posted by albchr
Hey Jon,
Must have missed this in my back peddling through posts I've missed. Just wanted to say thank you for the very kind words sir...
And you must have a pretty gruesome imagination to picture me as ugly as I am.... 
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hey no probs, i just say it as i see it . 
i dont think iv seen anyone get this stuff down as fast and as well as you have.
cheers
jon
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Jul 19, 2009 10:28am
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Quote:
Originally Posted by batesmotel
Yes, I hate that....more often than not, the PA bounces right off of your entry point...you need patience and gonads of iron to wait for the sucker to get back into profit.
What I do many times is that I will nibble at the initial entry at break of hi/low with 0.5% risk.....then I will keep adding on to my position as is retraces my initial entry position....That way I can average my entry price and beat the dreaded retrace.
The risk you take though, is that your pair will run on you right away and that you will profit, but only on your small...
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hi guys, i dont get this problem as often as you guys seem to get it, maybe giving a slightly bigger buffer on the bar break might help?? i think 5 pips was mentioned? i think this is very tight on a daily bar?
just my 2 pips
jon
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Jul 19, 2009 10:36am
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Quote:
Originally Posted by forexngo
Thanks Tac..this is the way  ..but need to keep patient.
Otherwise, not unusually..the price will retrace 50% or 61.8% fibo of the pb..then i think beside the stop order at low/high of the pb....we will enter order at market price for the retrace with tight stoploss & take profit around fibo. and then...find the signal to reverse & sell the other amount at fibo...meaning we play three orders at all fot the pb.
does it work?  
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yeah i like this idea on the current BUOB on the au/us weekly. i would like that daily IB to break to downside and then maybe give us some bullish PA at or around the 50-61% fib of the weekly bar!! that woud be nice, the best of both worlds!
jon
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Jul 19, 2009 10:38am
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Quote:
Originally Posted by tac
Yeah Jon, on daily I would say 10 pips plus spread of that pair.
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yeah i agree and with some Xs e.g. yen Xs, even more.
i usually wait for price to break a round number also if there is one lurking on the horizon.
jon
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Jul 19, 2009 10:40am
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Quote:
Originally Posted by bundyraider
....that and how often Mike used the term 'this Bad Boy'. Must have been during that Leather and 'Cat of Nine Tails' phase he tried to hide from us.(  )
.
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Jul 19, 2009 10:49am
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Quote:
Originally Posted by albchr
Well, it's sinking in but I still have much to learn. The way I see it right now is, I'm playing the most most basic form of J16 PA. I'm still mystified by all the IB's, 2IB's (Ghous and blind entries) etc. etc.....but that's all just beginning to take hold in my saw dust brain.
The biggest thing I've learned here for me so far is patience and being as picky as I can be under my circumstances.
Not that I would EVER recommend it but, perhaps having to take such hugely INSANE risk to accomplish my needs is a good thing. It forces me to kill trades...
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yeah, i have often thought about increasing my risk to help me cut out the half assed trades and to slow down my overtrading.
have you found that letting your trades run with such a large risk has been a problem??
cheers
jon
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Jul 19, 2009 10:59am
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Quote:
Originally Posted by KissFan
Here's mine Tac it's not showing a PB so just play it safe and wait for the break. If you plot a 150ema you should find it off 154.30. Pin off 150 ema is powerful stuff. It should break for $ but I'd babysit it as the longer TF's are starting to indicate bullishness IMHO. What does your E/J 4hr chart look like?
K.I.S.S. 
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hi KissFan, when a bar like this forms in the last few hours of trading do you see the significance of the bar as different from any other?? i am always wary of trading these bars when the market opens again??
cheers
jon
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Jul 19, 2009 11:05am
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Quote:
Originally Posted by albchr
DON'T Jon, PLEASE! Keeping your risk low and manageable is the only "smart" way to survive this business long term. Yes, I've done well, (FOR A MONTH). Even if I'm here in a year and still doing well, I'd probably chalk it up more to LUCK than anything else. If I didn't have to trade this way, I DEFINITELY wouldn't.
No problem as long as they're going my way...LOL If not, they're dead FAST.
I look for the "bigger" runners and always mark my targets, take a portion at those targets and move my stop to a no loss trade quickly. If I'm confident...
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cheers lol, dont worry i was talking about 3-5%, that is a large risk for me!!! haha
But no i am getting on top of the issues without having to do anything drastic.
its just so annoying when i give back wot i made with a dumb ass trade!! hehe
thanx
jon
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Jul 19, 2009 11:58am
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Quote:
Originally Posted by KissFan
Hook-
[font=Calibri][size=3]I?m ok with trading them as long as the Sunday throw away bar looks as insignificant as it usually does....
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cheers, good answer.  i think i might go back and backtest these bars to see how they preformed in past. i think a plan is necsesary.
cheers
jon
p.s. have a good day with the folks ole bean.
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Ok buddy.... ....you had me worried there!
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hehe sos. 
jon
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Jul 19, 2009 12:17pm
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hey Ghous, wot do you think about these 2 ghous bars on the eu/yen??
cheers
jon
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Jul 19, 2009 1:19pm
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Quote:
Originally Posted by albchr
OK, let me ask before Ghous answers. See this is a perfect example of what I meant by being mystified about these bars.
Since both of them were unable to break (close) the previous bar, and with everything else you mentioned, this would be a shot at a short? Or because buyers were able to push them back up after a series of bullish climbs in previous days, a long? My thinking is this is a nice retrace and a shot at going short.
Geezzz SO much to learn.... 
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ye wot ghous said,
the bars show that the bears tried to take over but didnt quite succeed.( the lower shadow) but the fact that the bulls were unable to continue to push the price higher again shows that it is possible the upward momentum is over?? these bars are not a reversal bar like the PB but can still show the turning point. confirmation is nesesary to show that the bears(in this case) have indeed begun to take over.
to me they are very similar to IBs, except, (this is just my thinking i dont know how correct it is,) that i would be wary of playing them long if they break to the upside as, like i said, the bars show a certain lack of upside monentum.
hope this helps
jon
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Jul 20, 2009 5:40pm
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Quote:
Originally Posted by Bones
Hi Jon it is a Hanging Man ,which is a reversal pattern.
[font=Calibri][size=3]Pattern Psychology...
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thanx for making this clear Bones, nice one 
" The longer the lower wick the higher the potential for reversal. "......this is something i hadnt thought about before either, makes good sense and gives a good way to measure the potential of the bar. The reason i see it as a more neutral bar though is as you say thr bulls havnt taken over by the time the bar closes so that would mean some confirmation is nesesary no?
where as a PB shows the bulls have control when the bar closes?? or am i missing something again??lol   could you fill me in on this?
cheers n thanx for your post
jon??
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Jul 20, 2009 6:02pm
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Quote:
Originally Posted by tac
Yeah its interesting, however I think I would prefer to find PPZ my self tbh, I think its a useful skill specially if you ever move down tf and need to spot them quickly. Thanks for that though. 
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yeah i agree with you,its a skill that imho is more than just usefull but imperitive! it one of the basis of this method and learning to regocognize PPz by eye will be well worth the effort.
once the major PPZs are drawn in it doesnt take long to update anything or add in the more minor levels.. after all a PPZ drawn from the weeklys is good for....well...almost forever!! lol
just my 2 pips worth
jon
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Jul 20, 2009 6:16pm
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Quote:
Originally Posted by forexngo
Hey buddies,
Is it the nice pb to play? it locates at 61.8% fibo, and good ppz and reject MA365.
Hope that this boy play well 
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for wot its worth i like the look of this also at first glance.although i longer bar would have been nice
the problem i see is the 9600 level which seems to be a major PPZ on the weekly/daily charts. as the bar breaks on my feed at 9629 i think i will be watching this for a possible break and retest of that level. but i think that once below that level it has a chance to run nicley
cheers
jon
EDIT: wow this thread moves fast!!
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Jul 20, 2009 6:40pm
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Quote:
Originally Posted by PeterFM
If you're a fussy old bugger like me who proof-reads every thing he types before posting.
My replies end up about 50 posts away from the one I was responding to  .
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lol ye, and if you type as badly as i do it takes thirty proof-reads just to get the typos out!! haha
some days before i have decided wether or not to chime in it is way too late to add anything relevant or my questions have been answered!! lol

cheers
jon
EDIT: now Mike getting there so fast doesnt suprise me! lol
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Jul 22, 2009 4:43pm
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Quote:
Originally Posted by supremeChaos
No worries, as i think Jon/g_j_hook@yah is currently busy smelling the flowers in Holland. 
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u guessed it
lol
i promise i wont mention the word trendline ever again in my posts!! lol
i cant even draw mine correctly half the time!! haha
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'customized/hybrid' TLs/channels/Fib.
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pleeze tell everyone you were joking SC!!
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Wait till Jon (Gj) reads that.
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i did laugh and your post made me LOL!!

nice one
jon
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Jul 22, 2009 4:58pm
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Quote:
Originally Posted by nasir.khan
OK the trend line i use is kind of Andrews pitchfork but if i delete it i still have one left 
IF i re-draw the fib 50% would become 38.2%.
Thank's.
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lol.....sos mate but the TL you have left doesnt stand for much confluence either imho. i personaly draw the TL from h/l to h/l or from o/c to o/c. i think it is important to stick to the obvious, simplist methods as they are the ones most traders will be using, and if you mix and match enough you could fit the TL were almost where you want and that leaves you too open to curve fitting.
just mo
jon
promise the last!! lol
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Jul 24, 2009 4:15pm
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Quote:
Originally Posted by Ryanmcd
Yep and that's why I stopped posting, then if you say something about it they bash you or some other crap that I really don't need to deal with, then all the other clutter messes with my trades, Hell I am still long the usd/jpy and added in 2% more on the pullback with divergence, up 20% on one trade is not to bad when I had 2% risk to start. If I read everything here I would be out of the trade all together and up maybe 3-4%. I wish people here luck but I just think most people do not get it and then because I am kinda harsh they think I am...
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Hey Ryan, i can understand your frustration mate, but thats exactly why we need you here!! i can vouch for what you say as the biggest stumbling block to the growth of my account has by far been not letting my winning trades pay properly and not taking advantage of the moves i get in. i reckon my profits would litterally have been doubled if i had the experience needed to manage my trades well let alone milking a swing for all it was worth!!then theres that very blurry line between cutting your losses or killing a bad trade and letting a trade run or when to take profits!! a line which gets blurrier after a few cockups if your not carefull!lol..iv had about 50 trades from the gb/cad run over the last few weeks ,when i look back at my chart it could have been one and a few additions. 
even though i did ok out of it i know in myself i could/should have done a lot better.
Do you know how difficult it is trying to work this stuff out for your self??( ye i guess u do but...)trying to filter the bs from all the threads you read!! not knowing what to take seriously or who to believe! takes a lot of time and testing when the net is the only place you can get the feedback. Look how long it took you and that was with a mentor.
so basicaly what im trying to say is that you are needed here and so i hope you keep posting when you can
cheers
jon
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Jul 24, 2009 5:19pm
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its times like this when oanda sucks!!
wots the spreads like on the other platforms right now!!??my mt4 platforms are only demos??
jon
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Sep 14, 2009 9:34am
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hi guys, hope your all well and profitable!?!?
heres my take on the gb/yen chart. the 1h buob has turned into a 4h buob on my feed. nice level ,divergence... i quite like it.
downside is the bar itself, it could be a bit stronger.??
cheers
jon
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Sep 15, 2009 12:09pm
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Quote:
Originally Posted by squeezy
wow! is that a hard break or what..... 
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snap !!
just closed mine and am trying a small long from here??
jon
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Sep 15, 2009 12:39pm
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Quote:
Originally Posted by squeezy
i dont advice that but if u know what u r doing , no problems
been a while Jon, how u doing
why dnt u have a look at the uj4hr pin...and if its not a pin on ur chart...u cld use the period converter to view it as a 12hr pin
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hi mate, doing good thanx.a bit buzy to concentrate on trading too much but i cant stay away for too long!
dont worry its a very small possition, 15 pip stop ( +spread), lets see what happens??
i also looked at the u/j pin and your right i dont get the pin on the feed im on right now but it does give me a decent looking 8h pin. i dont think ill be taking this one though, not at this time of day. i dont particularly like the location either?? good luck to anyone who takes it though. 
happy hunting
jon
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Sep 15, 2009 1:03pm
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Quote:
Originally Posted by g_j_hook@yah
hi mate, doing good thanx.a bit buzy to concentrate on trading too much but i cant stay away for too long!
dont worry its a very small possition, 15 pip stop ( +spread), lets see what happens??
i also looked at the u/j pin and your right i dont get the pin on the feed im on right now but it does give me a decent looking 8h pin. i dont think ill be taking this one though, not at this time of day. i dont particularly like the location either?? good luck to anyone who takes it though. 
happy hunting
jon
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just got stopped out for +18. price missed my target of 149.95 by a few pips before retracing the 15 pip trailing SL i had on it. Plan worked out though. 
jon
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Sep 22, 2009 3:28am
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Quote:
Originally Posted by 4X=0
Thank you for the thoughtful recommendation. Recently I obtained "the lost symbol" by dan brown as a way to keep my mind occupied. This david copperfield may be the next book i read personally - though charles dickens had been dead for one hundred years before i am aware that this was possible today. an ironic aspect of reading a book such as david copperfield is that the purpotrator of this horrible 'game' on me will be listening to each word that crosses my eyes. 
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hey man , u need help my friend!! aint nobody reading your head mate!!!
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Sep 22, 2009 5:01am
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Quote:
Originally Posted by jarroo
This Daily GU baby PB is not the best size, obviously. But the swing Low at the 1.6200 PPZ level sure is a good location.
Should be fun to watch . . . . or trade very tightly. 
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hi Jaroo,here goes one of them breaks you like!! lol
i agree wid this. im on the side lines but only cos im in other trades. i think it could go a long way,
great location, certainly 1.65 may be on the cards??
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Sep 22, 2009 6:20am
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Quote:
Originally Posted by squeezy
hehehehehe..
indeed they r.... closed mine though at my blue box area
had to play this one tight though...had trouble just below
gotta love that pin size and the location....
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hehe..me too!!
wow ur chart looks jus like mine!! .. lol
im still in with my stop just above 1.07.
lets see how she blows??
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Sep 22, 2009 10:29am
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Quote:
Originally Posted by squeezy
nice Jon
closed mine as u can see my tp was hit already
goodluck with that
happy r charts r similar, means we r seeing the same things 
cheers
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well stopped out for about 1.5:1 so not bad over all.
Quote:
Haha! I like it! Here's mine:
Dear bullish engulfing bars that look like pin bars at swing low that are showing trend continuation right at support,
You are my MVP.
Love,
K.I.S.S.
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nice trade KISS, that was the bar i was wishing id caught!! lol it actually closed a DBLHC on my feed.
p.s. wot does MVP mean??
Quote:
dmc...
This has probably been brought up many times and I may have even asked in a webinar months ago, but I am a little frustrated witht this situation. Yesterday I had 2 pending trades for the GU and UJ 4hr bars, charts below. After the next 4 hr pin did not break my trade. I deleted the pending orders and sat on the sidelines. The trades obviously took off the both had nice round numbers bouncing off support and resistance and were huge bars.
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for what its worth, i personally dont discard the set up solely because it didnt break on the next bar,for me the setup can be valid for a few bars after depending on the situation. Aftewr all a good location wid pa and confluence is... a good location wid pa and confluence! and i like to give it a bar or two to see how it developes. sometimes momentum also takes a little while to build and get eveyone on board??
What i dont like to see though is the following bar to close high/low into the trigger bar, this to me is a sign of the level weakening? this is jus me though.
jon
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Sep 22, 2009 10:36am
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Quote:
Originally Posted by jarroo
Gotta love the hard break g_j_.
Why? Because it acts as a confirmation that the setup is correct, for me.
And then if it retrace or retest the break and continues onward, it is another confirmation. (Shown on the 4 Hour and more clearly on the Hourly chart)
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yep, that is something very valuable i learned from you (and everyone else)on this thread. for me the retest is the best confirmation there is, it always gives me confidence in the trade and makes more relaxed.Also if price starts to waver around the break point after the retrace and fails to continue higher/lower it can give you a good place to get out without taking a full bar loss. 
jon
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Sep 22, 2009 10:40am
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Quote:
Originally Posted by jarroo
Well said g_j_. I agree totally.
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 i had/have good teachers 
jon
EDIT: MVP = Most Valuable Player.
cheers jaroo i havnt seen that one before.?
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Sep 22, 2009 10:55am
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Quote:
Originally Posted by jarroo
Your becoming a good teacher yourself, Jon. 
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hey man, coming from you Jarroo ill take that as a v. nice compliment!! thanx. 
im just glad to put a little back into the thread that gives me so much!!
cheers
jon
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Sep 22, 2009 11:22am
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Quote:
Originally Posted by jarroo
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its just missing that big rocket again!!!..lol
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Sep 22, 2009 12:21pm
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Quote:
Originally Posted by FunkyJee
Hey guys i got another question, im trying to practice me drawing PPZ areas. I put some charts below can you tell if im on the good way ?
Any valuable comments welcome 
Regards
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hi FunkyJee,..lol..cool name!
regarding the r:r question,(if you havnt had an answer yet?) yes you got it right. return compared to risk.
But as for your charts, im sorry but i can hardly see anything on them.they are a bit dark for my dodgy eyes!!lol.
jon.
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Sep 23, 2009 10:04am
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Quote:
Originally Posted by Cyrus
Wow Joel! 1:20 R:R setting up for you?
Just got into GBPCHF on the 4hour on the engulfing green hammer.
In my noob opinion, doesn't look like there's anything significant until 1.700 =)
possibly 1.6900, but tt's it.
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hi there Cyrus, nice catch.For wot its worth i would be carefull of the 1.6900 level on this pair if i were in this trade. It has some history on the daily tf and i have a confluence of the daily,weekly and monthly floor pivots at this area. on the 4h tf price will meet the 50 ema which i use on my charts. On the 1h i have the 50% fib of the last swing down(from the dbl top completed on the 17th) and the 200 ema. i cant see price going through all that without some kind of reaction!?
jus my 2 pips worth,
cheers
jon
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Sep 24, 2009 3:42am
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Just aheads for everyone.....
GBP/USD is giving away free money!!!!!!!!
yeah thats right...FREE MONEY!!!!
all thanx goes goes out to Jim and friends 
 
jon
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Sep 24, 2009 6:43am
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Quote:
Originally Posted by supremeChaos
Not just gbpusd, my friend.
gbpchf, gbpjpy, & i think others too (cad crosses, etc) 
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lol... ye, i should have said Great Britain is giving away free money!! hehe
jon
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Sep 24, 2009 6:52am
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Quote:
Originally Posted by bundyraider
What next??
Anyone else got this on the radar? 
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ye iv been looking at this also, i have another senario i think is possible??your opinion would be appreciated.
its run a long range today allready so mabye a little pullback is eminent??
the chart is getting very interesting at any rate!! 
cheers
jon
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Sep 24, 2009 7:00am
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Quote:
Originally Posted by bronxterp
That was some wild action a few minutes ago. Looks like everyone and their mama was watching for the break of yesterday's lows
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lol...ye , i wasnt expecting that!! does anyone have a reason for it??
jon
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Sep 24, 2009 7:30am
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Quote:
Originally Posted by Cyrus
As titled =)
Please let me know if there are people I've missed out.
I'm still quite noobish.
Also, there're a couple of seniors, i think Ryanmcd & SP who apparently didn't post btw 1001 and 1500?
I'm checking now. might update this again.
If tt's so, let me know though!
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hi Cyrus, nice work mate!! thanx a lot.
i love it that i can read back over my own earlier posts and see how i have developed and what i have learned. great!! cheers.
im not sure i should be up there with jaroo and the likes!  . there are many who have given much much more than i have or could. Regarding anymore names though, you could add Bundyraiders name or ghous im sure they would be a damn good read also!
cheers mate!!
jon
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Last edited by g_j_hook@yah, Sep 24, 2009 8:13am
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Sep 24, 2009 7:39am
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Quote:
Originally Posted by smjones
Well I did extremely well today on both GBPJPY and GBPUSD. This whole thing today was because everyone got punked. LOL
A crappy rag in London published a story that BOE gov King is calling a " Crisis Meeting" of all Economists in London to hash out the GBP situation, for this coming Tuesday....
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Ahha.. thats wot happened!thanx for the update. glad you did well mate, i bet you DO love rumours today hehe.!!(i always loved the album,lol) i guess the market believes the rumours more than Kingy himself!! hehe
jon
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Sep 29, 2009 4:09am (42 hr ago)
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All this talk of pin bars, i hope some of you got this BEOB??
Nice hard break just wot doctor Jarroo ordered!! 
Not the greatest of locations and it will run into a bit of support imo about now, but it certainly has its history and its certainly a nice bar!!
jon
sorry if it has been posted allready??
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Sep 29, 2009 4:28am (42 hr ago)
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Quote:
Originally Posted by jarroo
Nice g_j_.
Let's see if Price stays below the 1.5800 and your looking good.
That's the size of a bar we're looking for. 
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yeah, thanx for the confirmation,  i am looking at that level myself. it seems quite a big level for this pair to break.
lets see what happens?? i am only on demo for this one due to MM and the fact i cant baby sit the trade as i would like.
cheers
jon
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Sep 30, 2009 2:59am (20 hr ago)
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Quote:
Originally Posted by jarroo
I think we are going to test the strength of that 0.9080ish level. And then PA may tell us where we're going from there. 
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you beat me to it!! lol, was gonna post the new low. i love moves like this one, a nice drop...bank some profits, then some retrace, then a drop...move stop to above the retrace highs.....makes it easy enough to manage even for me!!! 
i agree, i also think that is the level to watch. 
jon
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Sep 30, 2009 4:09am (18 hr ago)
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Quote:
Originally Posted by jarroo
Nice jon.
The level is probably more the 0.9100 level then the 0.9080ish. The 0.9080 level seemed to have more touches in the past. But we all know about those wonderful round numbers. 
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lets hope so!!  that it means it could already be on its way down!!! 
Actually i have support marked at around .9050 - .9080,and am considering making that my target, or at least i will be tightening my stops right up at that point??(.9050)
jon
p.s. just hit the + 3 figures for a second or two then!!!  i love that!! hehe
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Sep 30, 2009 4:38am (18 hr ago)
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Quote:
Originally Posted by jarroo
To those that asked, Yes I'm still in this trade on the U/J.
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hi Jarroo, it seems you are using a trade management style similar to what i have been experimenting with, take enough of the table at a point when you can give yourself a free trade WITHOUT having to moving your SL.
I have been taking 2/3rds off some trades at the same pioint which gives me a small profit and a risk free trade without having to move the SL to protect myself. Price often retests the break point and often lower after the break and so i like to leave my stop where i originally set it untill price has given me reason to move it,i.e price has broken a PPZ or made a new reaction h/l. The only problem with this approach is that price then needs to run a while to make it all worth while, and in todays ranging markets that is prooving difficult! Although i find it a safe way to manage my trades i am wondering how much i would benefit by letting it all run to a hard target?? i havent done any back checking on my trades yet and was wondering how you have found this method and if you have any thoughts on it??
Your us/yen trade is a perfect example,i was stopped out cos i moved my stop,albeit at a small profit.
cheers
jon
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Sep 30, 2009 10:03am (13 hr ago)
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Quote:
Originally Posted by ikki
This was NB trade. Take some profit. Rest BE
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nice trade buddy! i guess it was your order that got me stopped out then!~!??

[QUOTE Jarroo..
Nice jon.
The level is probably more the 0.9100 level then the 0.9080ish. The 0.9080 level seemed to have more touches in the past. But we all know about those wonderful round numbers. ][/quote]
looks like you had it nailed Jarroo!!  it didnt want to stay below that round number!! i thought it might go a bit lower than it did?? 
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42 Traders Viewing This Thread (18 are members)
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hijackxx, TraderJay101, Bluehills, mbqb11, Cyrus, Invisible, gjworley1952, unlv_tj, supermatt, joelcf, pipmyride, StoragePro, Rocket!, TC East, scarlet, darewood, Ebont74, jpa0827
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