i see a few problems with the Gu setup as well, again there is nothing wrong with the pin bar itself and looks in perfect shape, but if you look to trade this you're going countertrend, noweven if you want to believe that Pin bars do work as ...

james16 Chart Thread

agreed. it does lie on an overall support trendline for the downtrend, but i just can't forget the last two times i got burnt trying to go countertrend, this setup is a bit better than the ones i took earlier but again the bearish momentum is ...

james16 Chart Thread

the pin bar is perfect the location is not. remember the overall trend??

james16 Chart Thread

Trade 6; 9-10-2008 — the 6th trade for me. long Gbp/usd... 0.1 lots at 1c/pip pip value. reasons: divergence on the daily divergence on the 4H support around 1.74 rd Inside bar on the 4H the charts:

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got rid of Au... — would just like to mention that i dumped my AU charts and wont be taking any entries of this pair from now on, the reason being it's wierd move down and the fact that i have less time available to watch the markets these ...

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yes you are right Jankone, try to be with the trend as much as possible. but don't forget that the trend is not something that does not end. Regards, Ghous.

james16 Chart Thread

nice ones Flem, i missed those as i was already ingaged in my full qouate of trades as per my money managment, but i can clearly see worth would these trades have carried! Cngrats Bro! And yeah i second that thanks to Jim ofcaorse, though i hate to ...

james16 Chart Thread

5 trades analysis: — Hi guys, i came with a new idea. after every 5 trades i plan to analyse each of these to see what i made and what i could have made or should have made. plus an overall general commentry on my progress. i feel this should ...

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trade 5 update; — the trade got stopped out at breakeven. so no money earned but none lost either. honestly i wanted to hold by it, by the time i was abt to leave my pc the trade was sitting at +30 pips so all i could really do was to put a ...

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Hi Jameson, yes the 1.386 is a valid trendline for Eu, as you might have noticed price did find support around it, and what is more important is that the pair may have seriously bottomed that pin bar went some 60 pips in favor of my trade and then ...

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trade 5 update; — since i'll be away from my pc for the next 6 hours the trade has been left open as a free trade, it's currently sitting at +33.

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Eu setup — How abt this for a setup guys,

james16 Chart Thread

look at this for a setup

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Hi Brother, yes that was a problem with the trade. actually when i took the trade it was merely just a "close the gap" trade supported by the bullish divergence. i admitted earlier that i should have waited for a well above average PA signal to ...

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my 4H has closed already giving a perfect pin bar, the entry was fine tuned with the 1H whic helped me enter a little earlier. Regards, Ghous.

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Trade 5; 7-10-08 — Hi, here is the 5th trade, on the Euro/Usd yet again. the long i just closed was actually was taken to take advanatge of the weekend gap, now that it has finally closed i was looking to head in the right direction...with the ...

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update on trade 3; — i got stopped out for 20 pips. money made: 20c New Account balance: 1773.42 profit: 73c

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trade 3 update; — as we hit 100 pips the stop moves to 20 pips, so this trade has now got to be a winner under all circumstances!!!

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trade 3 update; — the trade has been converted into a free trade with a stop at breakeven and which is currently running at +50 pips (50c)

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i would just like to mention that the markets have been nice to me this time. i had the opportunity to move my eu trade stop to breakeven and the trade is currently running at +60...now that's a narrow escape

james16 Chart Thread