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ghous replied Jul 27, 2008that is'nt something very bice i am glad you held on to the Euro long but why are you still in the Nu trade, after that wick on your charts was more than 30 pips you should have got out atleast at breakeven....anyways younow need to look what price ...
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ghous replied Jul 27, 2008so were you able to get something out of the Nu trade?? and are you still in the Eu trade??
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ghous replied Jul 27, 2008yes it was a tradable Pin bar according to your chart as i told you and if you follow smart money managment you could have well made money off it too, did you take it?? and let me tell you one thing more abt Pin bars, every one of them taken no ...
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ghous replied Jul 27, 2008ps... if i were you Aftab and was trading on the chart you posted it would still have appeared a good pin bar to me and i would have taken it, (but only on the close of the pin bar not before that and not after) as you can see i would not have been ...
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ghous replied Jul 27, 2008that pin is'nt all that nice on my charts, all i know is that 0.7392 is an important price level and is also around the 50% Fib on the shorter terms swing on the weekly, since i don't see any PA indiaction on this level yet it's a no trade for me. ...
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ghous replied Jul 27, 2008Gbp/jpy...a thiking assignment for SHS lovers...
— Hi guys, so a great inverse head and shoulders on Gj, i was long earlier on having ignored the huge fib conflunce region coming up soon, had to bear a few losses of that last bear run... so ...james16 Chart Thread
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ghous replied Jul 26, 2008you can draw all the fibs you mentioned in the post infact any fib is valid right from the beginning of the uptrend from 2001..
but ofcaorse that will clatter things so bad you'll hardly see your candles. the main idea is to spot confluence and ...james16 Chart Thread
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ghous replied Jul 26, 2008The Eu situation... — ok we had a few qs on where did the long run on the Euro suddenly vanish, to me it appeared nothing more then just a typical Friday close characterstics, with the big parties absent from the market low vlume trading can ...
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ghous replied Jul 25, 2008Hey Diggsnoob thanks for pointing that out but i was already aware of it i was using the word "confluence" in the general meaning not the word Jim uses for that specific situation he calls Fib confluence but i guess that can create confusion i'll ...
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ghous replied Jul 25, 2008in the beginning stay away from news more than you look to trade it, keep it simple go on to the hgiher tfs and enjoy the lack of noise there, it may seem boring at first but i bet you'll feel more comfortable and a lot realxed as you get used to ...
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ghous replied Jul 25, 2008i second moneybags opinion i forgot to mention this point, if you're a new trader first of all you should only be looking to take pin bars and good PA setups besides the 1H is too difficult to trade anything under 4H is just out of bounds for a ...
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ghous replied Jul 25, 2008i have already discarded this pair but from what i see on your chart you're basically targeting the lower highs and the tails that ar in the making, personally i feel these kinds of trade are difficult, yes you're looking at the primary definition ...
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ghous replied Jul 25, 2008yes that was a valid pin bar setup, were you able toy spot the Fib confluence?
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ghous replied Jul 25, 2008Hi Aftab all of this credit goes to none other than the master himself! Jim!
Keep in touch and let us all know how you find and manage PA in your trading style, and i am glad you got rid off all those nasty indicators to trust the king of ...james16 Chart Thread
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ghous replied Jul 25, 2008that Pin bar was'nt all that nice on my 4H chart it was more like a green candle with a long tail, it was however quite pretty on the 1H, DAMN! i hate to control emotions...

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ghous replied Jul 25, 2008the best part abt Eu Pb is that it'ss on with a confluence with the 50% fib which is the most important fib number there is...
took it?james16 Chart Thread