Home
Search Forums
Keywords:
Search Titles Only
User Name:
Exact Match
Show Results As:
Advanced Options
Reply
 
Thread Tools Search this Thread
  #62372  
Old Apr 29, 2010 7:09pm
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by joelcf View Post
awesome stuff Ben.



lol, not from me. If it dont have numbers, I aint interested.

Personally, I think many people use 'psychology' as an excuse because their methodology is failing to make money. It's much easier to talk about (and write books about) 'the mental game' than it is to find a way to trade profitably, because it is all subjective and unquantifiable.





Transaction costs are one factor, definitely (although people do like to ignore them, for some reason), but a more pressing one is 'noise'. Or, more correctly, the information content...
good post mate. im glad someyone went into this aspect of the issue.
I just want to add the point of location. The best trade possibilities come at the best locations and it doesnt matter what TF your looking at the price will be the same in all of them!

jon
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #62438  
Old Apr 30, 2010 9:25am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

im suprised this hasnt been mentioned (jus ignore me if it has ...lol)
eu/gb 4hBUOB, its a bit of a range trade but thats what this pair does best the RN above was the obvious first target for me,or at least up near it.

whish i had caught the 1h pin though....

jon

i cant get a chart up for some reason...
will try later to add charts
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #62448  
Old Apr 30, 2010 10:38am
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by yebundyraider View Post
That one's turned out alright G.

I could have caught it right from the 1 hr pin , but would have preferred the lower lows closer to .86 for a location for either TF option though.

Props man. Well done.
yeah agreed,the .86 would have been nice but if you look at the line chart price closed sround the .8650 mark more often than at the the RN, and in fact i have the whole area as a PPZ on my chart. i also liked the fact that it was almost the exact lows of wednesday....somebody thought it a good price

i also had a us/chf short so was feelin bullish for the eu already..lol a nice little 15min pin after it broke the recent range and the RN to the downside. i caught the retest of the RN.
for some reason my comp is playin up and it wont save my charts so i cant post one to show the setup!?!?!?!?!?!!?

jon

EDIT: removed the WRONG! charts. lol
__________________
PATIENCE... DISCIPLINE

Last edited by g_j_hook@yah, Apr 30, 2010 11:15am
Reply With Quote
  #62465  
Old Apr 30, 2010 2:05pm
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by Ted1983 View Post
True, the weekly looks more like a breakout opportunity.
In other words, I have no idea!
lol...dont confuse the TFs though, it could be a break out on the weekly but still retrace hundreds of pips tradable on the daily TF.
jus my 2 pips

jon
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #62470  
Old Apr 30, 2010 3:12pm
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by Ted1983 View Post
Good point. Let me put you on the spot.
If you were forced to take one of the two possible trades I posted which would it be? (Of course they might both be crap setups)
i like the daily set up better, just looking at the chart it is as mike said,'tradable(possibly)with a tight MM style' and it does look like it would give some pips if it breaks. The problem is is that its a friday and the spike may be nothing more than weekend cleaning.it might not even make 94.50!?!?
the weekly looks different as it is at a swing high rather than a swing low. i know it is on a retrace but a very shallow one. it also has the bar highs immedietly in front, to contend with and the 95 RN. Although it could work out and be a nice runner if it breaks, price has broke a weekly TL and the weekly divergence points to around 101.00ish if it fulfills itself? i personally would like a better bar at a more obvious price level than this though, e.g. a 50% fib retrace etc. one to watch for me.

hope this helps

jon
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #62576  
Old May 3, 2010 2:33pm
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by HanSolo View Post
Hey nuclear,

AUDCHF was another one I watched. Did not work out for me neither, since I overrated the profit taking on friday - so I got out at BE. But in my opinion it did what it was supposed to do: broke the BEOB and moved to FTA (see the gap @ April 11th). In hindsight I should have passed it due to traffic. Another reminder for being more picky.
hi HanSolo, this is a big step to have taken bro hearing it said and seeing it for yourself from the charts is another thing entirely!nice one dont underestimate what you said here...

keep it up

jon
__________________
PATIENCE... DISCIPLINE
Reply With Quote
  #62790  
Old May 5, 2010 3:25pm
g_j_hook@yah's Avatar
sucker for punishment
 
Member Since Feb 2008
Default

Quote:
Originally Posted by Fulgurator View Post
Good evening everybody...

did anyone notice the possible PB in Gold?

- former resistance
- 50 Fib
- TL

The next resistance is near, but the PB looks valid to me.

I appreciate and would be thankfull for your comments.
hi Fulgurator, i quite like this one but i have some concerns which are holding me back, i dont like the beob from yesterday. This, to me, shows more indecision than bullish/bearish PA, in fact if you put the two bars together you get a spinning top or a doji, which is a sign if indecision.basically price moves to either side of the current trading range eventually closing somewhere near the middle, testing both sides of the fence if you like.
i would have liked a deeper retracement also, although it did hit a 50% fib i still would have liked to have seen a more thourough test of that area at least. Plus ,as you said, it has that BEOBs high to contend with if it does break.
this is just my way of viewing things, hope it hepls??

jon
__________________
PATIENCE... DISCIPLINE
Reply With Quote
Reply

19 Traders Viewing This Thread (8 are members)
ertorque, desocupado, dorellino, silly cybin, cprao, Rosentrade, deang001, wilcox
Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Trend Trading Chart Thread DanUK Interactive Trading 1659 Jun 27, 2010 10:17am (9 hr ago)
rock my chair chart thread forex3e Trading Journals 48 Oct 30, 2007 11:21pm