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mike w replied Mar 3, 2010haha What's happenin brother?! How's everything going down in the great state of Texas? I think I'd be the french fry anyway?! Normally, I'd take that as an insult haha
james16 Chart Thread
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mike w replied Mar 1, 2010I understand exactly what you're saying here and agree. I was noting how price will retrace back into a bar on a higher timeframe in order to gain more momentum; at the same time that will take the form of a reversal on a lower timeframe. For ...
Jankone M5 thread
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mike w replied Mar 1, 2010That's chuffin awesome! haha I'm tellin ya brother, Ryan tells no tales when he says that the 5 minute charts rock once you get acquainted with them.
Jankone M5 thread
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mike w replied Mar 1, 2010Those counter-pins happen all the time. They create the retracement needed for the move to retain itself. I'll set up a chart to show why. This one is taking place right now actually so it's a good example that can be followed along with. It's the ...
Jankone M5 thread
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mike w replied Mar 1, 2010Nice setups my man, that first pin you traded was friggin' gorgeous.
Jankone M5 thread
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mike w replied Mar 1, 2010Man, has today been pretty. So far, I've had trades on the aussie, usd/chf, and eur/usd. All have been gains. Stuff's simple, ladies and gents.
Have I ever mentioned how much I love trades with a 9 pip risk potentially turning into a 4 hour ...Jankone M5 thread
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mike w replied Feb 28, 2010I'd like to replace the word greed with passion. Greed leads to despair. If you're greedy and nitpicky about your cashflow and possessions, then you're completely missing the greatness of life. A greedy person will not give to another and feel that ...
james16 Chart Thread
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mike w replied Feb 24, 2010That's exactly it too my man. If we all did what everybody else was comfortable doing, we'd all be dead. Especially in this business. And thanks brother. It really rings true for me too. Speaking of, I found a couple videos that rock that I want to ...
james16 Chart Thread
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mike w replied Feb 24, 2010Yeah, you're not alone. 50% retracements on daily pins give me a semi.
You have brass balls to have stayed in with the price you entered on...wow. I could never do that. BTW, there are tons of solid opportunities coming up on the hourlies ...james16 Chart Thread
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mike w replied Feb 23, 2010To say that I understand why Jarroo's stop was above 1.0830 on the usd/chf trade is an understatement. The fib level shown on this hourly chart is the level based on the daily bearish bar. Wait for the fave 50%, and we're in. This has everything to ...
james16 Chart Thread
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mike w replied Feb 21, 2010
The thing that can't be stressed enough about backtesting is the confidence that it feeds you; just as forward testing and trading real-time does. If someone hasn't gone through a ton of trades, they won't be anywhere near as confident as ...james16 Chart Thread
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mike w replied Feb 17, 2010
Nice move brother! I want to see what happens at 141 again, but we may be in for a longer haul now.james16 Chart Thread
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mike w replied Feb 17, 2010Nice entry. May have to endure just a little bit more selling though, but it looks solid IMO.
EURUSD
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mike w replied Feb 17, 2010Checkmate. Pin bars protruding from congestion zones lead the way almost every time. Have a good day ladies and gents.
james16 Chart Thread
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mike w replied Feb 17, 2010Plasmapants, I placed my position in at 1.0720.
Trading with Deadly Accuracy
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mike w replied Feb 17, 2010Rollin rollin rollin! There's never anything wrong with a pin bar off of a gargantuan PPZ level. Same deal with the eur/gbp. I'm setting this stop to B/E, already taken partial at this level, and looking to see if we break above 1.69. If we do, the ...
james16 Chart Thread
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mike w replied Feb 16, 2010Check the fat PPZ that price bounced off of. 4 hour pin off that area on one of my feeds.
james16 Chart Thread
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mike w replied Feb 16, 2010The eur/gbp is also a looker right around now. Previous daily is bearish, the weekly is bearish, and now the 4 hour is bearish (Albeit, IMO, weakly.)
james16 Chart Thread