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- Mr Smith replied Oct 13, 2010
Took daily pin on euro long, still holding. Pretty busy lately, so most times my post will be after the fact, but obviously I can't lie as I have myfxbook to back me up, i'll be back to earlier posts when I can. Took a couple small losses on scalps ...
My J16 Style Trades
- Mr Smith replied Oct 11, 2010
Got stopped out of this UJ, I know it was bank holiday, and huge trend down, with tiny pin, but, over the long run the reason I take these, is I make alot more then I lose with this type of setup. But it's probably better if we avoid these types of ...
My J16 Style Trades
- Mr Smith replied Oct 11, 2010
Took daily pin on yen. stop at 81.95 Busy, will post chart later.
My J16 Style Trades
- Mr Smith replied Oct 10, 2010
I've never traded options, I need to spend a bunch of time getting my head around how they work. I started reading your journal and will check out the links you posted for options. THanks
My J16 Style Trades
- Mr Smith replied Oct 10, 2010
To be honest I've never done it that way, I think it has it's benefits tho, but it's obviously not as rewarding, kind of hard for me to say much about it as I haven't forward or backtested it with a larger stop, maybe a good thing to do, to compare ...
My J16 Style Trades
- Mr Smith replied Oct 10, 2010
Yes, you will get stopped out in this case. But when they run, you get in with tiny stop, and get very big win. I personally don't risk alot on these trades, but that's something each person would have to play with, how much there willing to risk on ...
My J16 Style Trades
- Mr Smith replied Oct 10, 2010
Yes this is the idea, the guy who showed me, did mention tho, that gap ups like that are not the safest ones. Just something to be aware of, but obviously not always a problem as you see in your chart, that one worked.
My J16 Style Trades
- Mr Smith replied Oct 9, 2010
Hi there, not stupid at all. Day 3, depending on stop size you could have got stopped out, it broke by about 6 pips, on a day chart 10 pips below day is usually a good amount. Smaller or larger buffer has there pros and cons. It's more a visual ...
My J16 Style Trades
- Mr Smith replied Oct 9, 2010
Here is chart with explanation, I can do a video if this is still not clear. Thanks
My J16 Style Trades
- Mr Smith replied Oct 9, 2010
Hi there melvin, Continuation bars get tricky, I'm still learning that myself, but I feel retrace entries on continuation setups is the safest, waiting for bar to break, then retrace back to s/r area, enter with a smaller stop. But I think ghous ...
james16 Chart Thread
- Mr Smith replied Oct 9, 2010
The first thing is, it's not a pinbar, it's the shape of a pinbar, but it's actually a inside bar, pinbar has to have a wick protuding the previous bar and open close within the previous bar. Attached is a nice pinbar, at swing low, bullish pinbar, ...
james16 Chart Thread
- Mr Smith replied Oct 8, 2010
This is what mike meant when he said looking for 22.20, see the line here at 22.20, its a previous high, that was his area of interest, not sure if he was closing there, or going to b/e there, but that was his fta, then as nfp neared, he moved stops ...
james16 Chart Thread
- Mr Smith replied Oct 7, 2010
Question for james or albatross,I know you both trade mini dow on around 5 min or so tf, do you find the dow alot easier to day trade then say EJ? or euro, just wondering why you chose dow rather then forex pairs. thanks
james16 Chart Thread
- Mr Smith replied Oct 7, 2010
I didn't think of it that way, more stuff to observe, very cool.
james16 Chart Thread
- Mr Smith replied Oct 7, 2010
Luv your charts jaroo!, I'm starting to practise your retrace style.
james16 Chart Thread
- Mr Smith replied Oct 7, 2010
Aussie didn't hold above 9900, so i have closed for now, will look to long again once we retrace down a bit.
My J16 Style Trades
- Mr Smith replied Oct 7, 2010
I got some sneaky long in on aussie, nothing to talk about, or post chart about, as it was simply just jumping in on the aussie power, can see the entries on my myfxbook if like. previous monthly highs have been taken out from 2008, to the moon we ...
My J16 Style Trades
- Mr Smith replied Oct 6, 2010
I'm pretty sure, that those highs will break in the next few weeks, if not by weeks end, and stay above, for a VERY long time. I've closed my long near the top and now waiting for a break up, also obviously if there is hot pa to short up there, I'll ...
james16 Chart Thread
- Mr Smith replied Oct 6, 2010
Just closed a small aussie position as it bounced off the previous monthly high, will reenter on retrace, probably during london, reenter long htat is, sorry didnt' get a chance to post that trade or the current kiwi i'm still long on, I'll post ...
My J16 Style Trades