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mike w replied Jan 29, 2010Yes sir, the gbp/jpy setup was gorgeous considering the daily and weekly outlook. The range trades before that were peachy too.
james16 Chart Thread
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mike w replied Jan 29, 2010That's it man. Here's how I play pins anymore; I trade the break down to the first trouble area, in this case 1.6900 for me. After that, I just place an entry at the 50% fib of the original pin with a stop above the 61.8. That second trade is what ...
james16 Chart Thread
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mike w replied Jan 29, 2010Nothing out of order there my man.
It's straight to the 50% of the initial pin bar as well. I like yours too!james16 Chart Thread
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mike w replied Jan 29, 2010I have a feeling your entry just got touched eh? Fave 50% just gave a nice touch trade. Already 50 pips lockedi n profit and now let's just see where she rides to.
james16 Chart Thread
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mike w replied Jan 29, 2010You and I would be really good friends. Ice hockey is where it's at man. No other sport compares. There is no other sport that you can just run people into the boards, beat the crap out of each other for control of the puck and then get in the toss ...
james16 Chart Thread
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mike w replied Jan 27, 2010Losers hedge. They hedge because they are afraid of admitting their losing positions. Plain and simple. Give me crap for that and oh well, I've been there and seen that with more traders than one- real traders that have been around the block, that ...
What's the point of hedging?
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mike w replied Jan 27, 2010My question is this, "how would you be an effective teacher if you haven't yet learned how to be successful in the business yourself?" I don't think it's possible to be a great teacher and not have the knowledge necessary at the same time. It's ...
Distinguishing characteristics of a forex trainer and trader
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mike w replied Jan 25, 2010I got nada on here my man. And besides, that bad boy didn't break! (from the looks of it anyway). I am definitely looking for a spot to short if we get anything that looks supportive of the move though.
james16 Chart Thread
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mike w replied Jan 25, 2010
I guess I should have read this post before writing the exact same thing without charts. lol 
james16 Chart Thread
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mike w replied Jan 25, 2010I've already unloaded my initial short on this one, but I am interested in seeing how we react now that we are at an area of resistance again(Previous bar lows on the daily). If we see any solid PA indicating downwards from this area, I'm going to ...
james16 Chart Thread
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mike w replied Jan 22, 2010

I'm tellin ya man, that is where it's at! Now that it's out of the bag, so to speak, I wouldn't be surprised to see 140 next week and a huge shit-eating grin on my face- and presumably yours too. loljames16 Chart Thread
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mike w replied Jan 22, 2010HAHA I love it how friday changes everything. It really does too- I go from being a technology nerd who talks about work all the time to a sexy dancing machine! And the sexy part is nooo lie hahaha jk
james16 Chart Thread
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mike w replied Jan 22, 2010If you're still wondering, check the hourly brother. It's a magnificent thing to behold.
james16 Chart Thread
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mike w replied Jan 22, 2010Thar she be. Have a great day ladies and gents! Everybody deserves it after this awesome week.
james16 Chart Thread
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mike w replied Jan 22, 2010This will be nice if it closes as such. I'll be short and holding for 1.03 if so considering the daily setup as well. The retracement set up and now we're good to go with momentum behind it IMO.
james16 Chart Thread
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mike w replied Jan 21, 2010That's where it's at brother. I'm in the same boat with you on this and the gbp/jpy. I entered the gbp/jpy due to the weekly IB setups. It's been winding up for quite some time now.

james16 Chart Thread
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mike w replied Jan 20, 2010Just like anything regarding chart analysis, it's solid at PPZs.

james16 Chart Thread
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mike w replied Jan 20, 2010Hey, sorry I'm late in responding, I went for a quick run. We call them Dale's doubles. Look up in the members list a guy named Dale and then go through his posts. After doing this, test out what you've seen in his posts and there it is! Double IBs ...
james16 Chart Thread