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Pinbar replied May 26, 2010Want to swap names? LOL Perhaps, PB would be more fitting for Jarroo than me. Either that, or I could auction it. Only joking!!!
james16 Chart Thread
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Pinbar replied May 26, 2010I considered IBFX but did not know anyone using them, so I closed one of my Japanese brokers accounts and opened a small $3,100 with FXDD for their 0.01 lots. Basically to test the broker and maybe be able to trade the daily with small lots. Seems ...
james16 Chart Thread
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Pinbar replied May 26, 2010Very Honest post Dan. I also used to do that a great deal. I would convince myself price was going to break LONG, it would mess around, look like it was breaking long, then go short, I would see an incredible setup in the other direction, and just ...
james16 Chart Thread
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Pinbar replied May 26, 2010Wow , you can trade a single US dollar! Wouldn't the spread out way the profit? LOL Thanks SC
james16 Chart Thread
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Pinbar replied May 26, 2010I see. Even though I have no idea what that series was. Quick PA question. Often at a high or low, I see opposing PB or hammers, is this indicative of indecision and a power struggle going on?
james16 Chart Thread
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Pinbar replied May 26, 2010Quick non trading question. What does the "16" stand for in James 16? Did Jim initially discover 16 candle patterns or something, or is my mind working overtime again?
james16 Chart Thread
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Pinbar replied May 26, 2010Nice one,,, MACD is going up while PA is going down.
james16 Chart Thread
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Pinbar replied May 26, 2010Stopped out for last half at BE + As Jim says so many times "Being stopped out at BE+ is a winner"! Slow and steady wins this race. If we can do this and catch some of the runners the account will take care of itself. Just my newbie observation.
james16 Chart Thread
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Pinbar replied May 26, 2010Yeah, and it is above a BRN. I passed on this one till it breaks the BRN and retests it.
james16 Chart Thread
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Pinbar replied May 26, 2010This trade is getting too close to the 1.0060 RN. Took half profit and moved SL to BE+ spread. Now, it is comfortable to sit and watch how it plays out as a free trade that can not possibly cost me anything. As N said, there is a lot of traffic.
james16 Chart Thread
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Pinbar replied May 26, 2010This is FXDD feed. Yes, there is a fair bit of traffic but I think it may pop. the PPZ has been tested and held and the 38.2 just broke. I shall watch it carefully, it is not the kind of trade I would take a full bar loss on. Moved SL to 6 pips ...
james16 Chart Thread
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Pinbar replied May 26, 2010Thanks Jarroo I just took this BEOB on USD/CAD on Demo, making sure 1% risk BEOB broke the weekly PPZ, Next bar broke the 50 fibo, PPZ and the 38.2 & trendline. Size of the bars are not very good. PPZ is getting tested as I right this.
james16 Chart Thread
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Pinbar replied May 25, 2010Have we got a PB setting up on USD/CHF Daily? Not sure about the role of the 365 & 150 EMA when price gets so far away from them. I mean there is a definite reoccurring sock like look to them, when they start to get close together and often, I ...
james16 Chart Thread
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Pinbar replied May 25, 2010Thanks Mike so the form of the IB does not matter it is simply the range. Now, I can get that out of my head. Appreciated
james16 Chart Thread
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Pinbar replied May 25, 2010Yes, I know what an IB is and how to trade it but, my question is, if we see an IB or IB4 or whatever, and that bar is a doji, is it not better to pass on that trade by the very fact that the DOJI is showing us indecision as to bulls and bear power? ...
james16 Chart Thread
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Pinbar replied May 25, 2010Why would you consider taking a Long trade after the candle you called an IB? To me, whatever the outcome, that candle is more like a DOJI showing signs of indecision as to which forces are going to take control of price, ie the buyers or sellers. I ...
james16 Chart Thread
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Pinbar replied May 25, 2010In the meantime I missed this USD/CAD DBLHC..
Still, I am starting to notice I even missed them., must be a tiny bit of progress.james16 Chart Thread
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Pinbar replied May 25, 2010Broke out of that ranging area and looks like the next possible reversal area may be the 1.1710 weekly PPZ area.
james16 Chart Thread