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- Martynp replied Oct 5, 2011
No I didn't. I think I cocked up the calculation on what pips I took as I closed 2/3 of my position at 2 separate times. Looking back at them now they are slightly misleading for the USD/CAD and GBP/AUD. For the USD/CAD I closed 1/3 at 1.0460 first ...
james16 Chart Thread
- Martynp replied Oct 5, 2011
4 pins all profitable today! Such a good feeling! — Took 4 trades today all on pins all on Demo. Entry talk is in my Journal. GBP/AUD Sell £3pp@ 1.6094 Closed 2/3 for 75pips 1/3 still running at BE USD/CAD Sell £3pp@ 1.0497 Closed 2/3 for ...
james16 Chart Thread
- Martynp replied Oct 4, 2011
Last one for tonight! — Last one is on the USD/CAD. Nice pin bar with a long tail and body right at the low of the pin with open and close within the range of the left eye. Location is at a swing high with lots of space to the left, is at ...
Martynp's trading journal
- Martynp replied Oct 4, 2011
GBP/AUD — The next one is on GBP/AUD and is pin off a major PPZ at the 1.6342 level, through the 365 EMA and at a 50% FIB. However the body of the pin was not as far down the nose of the pin to make the actual pin perfect. There was also the ...
Martynp's trading journal
- Martynp replied Oct 4, 2011
AUD/USD — Another pin at a serious area of resistance during late 09/early 10 and there is some confluence with a 50% and 61.8% Fibs. FTA is the open of the left eye which coincides with a previous area of support that could turn into ...
Martynp's trading journal
- Martynp replied Oct 4, 2011
Lots of action! — Hey all, Just scanned the markets and seen a fair few interesting bars. Only 4 now have my eye as they are all pin bars at good locations whereas the others were BEOB/BUOB and DBHLC/DBLHC bars that I wasn't sure on so I ...
Martynp's trading journal
- Martynp replied Oct 4, 2011
Def going to be watching this later today. Nice spot.
james16 Chart Thread
- Martynp replied Oct 4, 2011
BEOB on gold daily — Today's bar on Gold looks like it could be forming a BEOB. I am not sure on this type of PA so wondered what you guys thought? Stop would be close to 500pips if entry and stop were either end of the bar. Not sure if the ...
james16 Chart Thread
- Martynp replied Oct 3, 2011
EUR/NZD Daily Pinbar — Hi all, Seen a pinbar form on the EUR/NZD daily and thinking of going long if the pin breaks. There is a S/R pivot, the 23 FIB and the 150 EMA that I am seeing as confluence. I am worried about the fact the pin is not at ...
james16 Chart Thread
- Martynp replied Oct 3, 2011
Congrats — Just wanted to say that from a newb perspective it is great to read that people are having success. I have just started a 3 month demo period and hope I can have as much success as you have. Congrats and thanks for sharing your ...
james16 Chart Thread
- Martynp replied Oct 3, 2011
What I am trading and numbers! — Ok so my trading consists of trading price action setups that have confluence with support & resistance (S/R), price pivot zones (PPZ), Fibonacci retraces (FIBS) and other supporting factors to enter a trade. I ...
Martynp's trading journal
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Martynp's trading journal
Started Oct 3, 2011|Trading Journals|10 repliesThis is my journal for me to be able to out down my thoughts on starting out as a new trader. ...
- Martynp replied Oct 3, 2011
Confused — Hi newbie here and have a quick question about your trade on this one. I see the PPZ, 50% FIB and BRN at 2.05 but I don't see any PA to indicate an entry on the daily. Are you trading this purely off the location given your ...
james16 Chart Thread
- Martynp replied Oct 3, 2011
No setups. — Just looked through over 50 markets (mainly forex some indicies and a couple of commodities), all daily & weekly TF and have seen a grand total of zero potential setups. Is anyone else finding the markets barron of potential ...
james16 Chart Thread
- Martynp replied Sep 29, 2011
Im new too so take this for what its worth. Although you have a pin bar formation I don't see any major supporting reasons (confluence) for entering the trade. On my chart there is no S/R PPZ, no fib retrace and its not at a swing high low. I think ...
james16 Chart Thread
- Martynp replied Sep 29, 2011
This makes a lot of sense to me. Thanks so much for the time you have put in answering my questions. I find there is so much to learn and its obviously not an exact science so I am starting to learn some of the discretionary stuff. Thanks again. ...
james16 Chart Thread
- Martynp replied Sep 29, 2011
Help on a curent GBP/CHF trade — Hi again, I have a question about a trade I am currently in on GBP/CHF. Before I go on I want to say that i think the entry on this was a mistake. I entered at 1.3911 because I saw the pin bar on 21st Sept ...
james16 Chart Thread
- Martynp replied Sep 29, 2011
Thanks alot for the comments on this Mike. Much appreciated. I found myself being a bit stuck during this trade as I saw the price go way up once the pin was broken and did not know whether to close out the position and take a profit. My feeling ...
james16 Chart Thread
- Martynp replied Sep 28, 2011
Newb here with question about a NZD/USD trade — Hi all, I am a newb trader and have been doing plenty of reading about trading the markets using price action. I started off at Trader_Dante's thread at T2W and that lead me here to the J16 ...
james16 Chart Thread