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- JMo replied Mar 12, 2012
Been a long time since I posted on this thread. News from my end is that I am now a proud father of a beautiful 7 month old daughter... well thats my excuse for not posting here and I am sticking with it.... anyway, I have been trading consistently ...
- JMo replied Jul 23, 2011
Congratulations that your trades are doing well, thats a great start. Regarding your question with risk:reward ratio(RRR), keep in mind that when you aim for higher RRR using the same method, your Win probability may decrease. What can happen to ...
- JMo replied Jul 21, 2011
I am glad I was right on this trade and I got out of trade with 1R profit. Had I just continued staying within the trade, not only would i loose the profit but actually have a loss of 1R. I dont like making changes to my trade plan just based on 1 ...
- JMo replied Jul 20, 2011
Hi Again NBA, My previous trade on GBPUSD below is a perfect example of trading pinbar at the confluence of pullback and S/R region. Since you like explanations in charts, I have gone back and put some notes on the chart, hope it makes sense. ...
- JMo replied Jul 20, 2011
My Friend... the answer is a big NO. There was no pinbar, so no trade.... simple! I would have taken a trade only in the conditions I explained above in your chart. By now, the price has gone too far from the "pullback" so keep waiting patiently ...
- JMo replied Jul 20, 2011
Hi NBA, Have a look at the explanation in the chart. Everyone else, Please note that this IS NOT a trade I would have taken, It is just a learning exercise to discuss which is a good area where if a pinbar was present, it would have been a good ...
- JMo replied Jul 18, 2011
Hi NBA, Yes I think you are close to it My reason is simply the fact that there has been a pullback on gbp where as no pull back on the other. Waiting for a pullback increases your chances of having a winning trade. and yes, a pinbar is only ...
- JMo replied Jul 18, 2011
This has been one of the most frustrating trades I have taken. I missed my Target profit on this trade by.................. wait for it....................by 1 pip. I still cant believe that price actually reached my TP but didnt go far enough to ...
- JMo replied Jul 17, 2011
Thanks Pipdealer
- JMo replied Jul 17, 2011
Hi NBA, I would not trade that candle for reasons similar to something i mentioned earlier. If I were trading Weeklys I would rather trade GBPUSD. image image Looking at the charts above, can you spot the difference between the two. Your mission ...
- JMo replied Jul 17, 2011
Thanks buddy... will do.
- JMo replied Jul 17, 2011
Wish you lots of discipline and analytical skills. Once you have these, Luck will come chasing you.
- JMo replied Jul 16, 2011
EURUSD weekly pinbar — As per my trading rules, once I get into the trade I dont make any adjustments to my trade (move SL or TP). One of the logics behind this rule is that once you are in the trade, fear and greed affect your analysis as a ...
- JMo replied Jul 16, 2011
Nice one Jazzman.....
- JMo replied Jul 16, 2011
Congrats on your win for the usdcad mate... Just use caution mate. While I do think that USDCAD is going south and the weekly pinbar shows that, I would not trade that pin as it is not on a "swing high" or in a major S/R region.
- JMo replied Jul 15, 2011
Thanks mate, Got lucky this time with the entry As you would know I focus much more on SL, TP and Reward:Risk.
- JMo replied Jul 15, 2011
yes saplay.... I am short EURO.... this is my trade I posted earlier today... put in a pending order: Entry: 1.4191 SL: 1.4286 TP: 1.4014 You may or may not be able to get in at that price now, but the point is i m bearish euro in the very short ...
- JMo replied Jul 14, 2011
going short on EURUSD — put in a pending order: Entry: 1.4191 SL: 1.4286 TP: 1.4014 image Brief explanation of my trade is in the picture below image
- JMo replied Jul 14, 2011
NBAFX, Looks like your trade is well into profit... good luck and best wishes...
- JMo replied Jul 12, 2011
USDCAD trade short... — Ah! well after all that, my stoploss got taken out today, so this one was a loser... you win some you lose some.... While I dont want to overanalyze and go about making any trading plan just based on 1 trade, I do need ...