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- jajo replied Apr 16, 2011
Of course that it is dangerous to quit daily job and move to full time forex trading. I had a good job and was able to spend there majority of my time studying charts This post was just an ecouragement to newbies to work hard and follow your ...
- jajo replied Apr 16, 2011
Hi everybody I just wanted to bump this thread because it completely changed my life. I spent last year watching 5M charts for 12 hours/day including weekends and analyzed all pin setups on major pair for last few years. I picked up my own setups ...
- jajo replied Aug 14, 2010
Thanks Medici! You helped me
- jajo replied Aug 14, 2010
I still have a problem to understand BBs Can you please explain me how is BBs telling me it is better to wait? Is it because PA si outside BBs?
- jajo replied Aug 2, 2010
My biggest problem are emotions. Each time I loose the trade I feel pain and start doubt about my setups I become nervous and start looking for addtional rules to trade My rational part of brain fully understand that we are playing the ...
- jajo replied Jul 31, 2010
and I forgot FIBO levels
- jajo replied Jul 31, 2010
That is EXACTLY my problem. I analized last 1.5 years of charts and made stats based on many different factors. At the end I come to conclusion that if you want to have 90+% success probability you need to have perfect pin + divergence + double ...
- jajo replied Jul 31, 2010
But problem is ... that to see elliot waves on M5 needs a LOT of experience
- jajo replied Jul 31, 2010
He probably means ... ABC elliot correction after which price should go in previous trend direction ... like on this picture
- jajo replied Jul 27, 2010
Thanks a lot Mike! Now I understand
- jajo replied Jul 27, 2010
here is M15 chart
- jajo replied Jul 27, 2010
Thanks Mike! I opened M15 and see that PA retraced exactly to 23.6 FIB + round number and thus formed PIN on H1 Then price tested previous support and resistance (daily resistance also) and moved up. It seems that I totally ruined this trade ... ...
- jajo replied Jul 27, 2010
Loosing one — Today I tried to trade H1 chart (USD/JPY). Nice Pin formed with RSI divergence and double top. However ... it was a loosing one Any ideas?
- jajo replied Jul 21, 2010
I think it is called railroad ... anyways ...thanks for explanation and motivation. You have amazing trades
- jajo replied Jul 21, 2010
Btw. I tried several times to find some pattern how to use boilinger bands on CT pin. Can somebody give me advice?
- jajo replied Jul 21, 2010
Just used round numbers This is example of good setup ( USD/CHF M5) but bad management Nice pin, double bottom, pierced round number, divergence. Overal trend was sideway, maybe a little bit uptrend. Unfortunately I closed trade on daily ...
- jajo replied Jul 20, 2010
Jankone's strategy works .. no doubt about that. But since I am a newbie trader and I still have difficulty with basics (like to see trend) I decided to study historical charts and ALL pins in ALL posible price action scenarios. Right now I am ...
- jajo replied Jul 20, 2010
I considered this trade too ... but for me the trend was too strong and it was already after yesterday low
- jajo replied Jul 20, 2010
EJ M5. Trade with trend, pretty nice pin, Resistance at daily pivot + previous S/R level. Sorry for not being here ... but I was studying past charts (1 year of data) trying to analize the best possible setups
- jajo replied Jul 13, 2010
I don't see anything wrong with this setup ... except .. you had probably bad SL (top of pin?). I usually add 2-3 pips (just for case) over the top of PIN for my SL and 1:1 risk/reward for TP