You could always get a windows mobile phone and install MT4 on it.! Good luck, dailies are better anyway.

james16 Chart Thread

Yeah I agree with you, I was taking about the typical take profit at 100 pips or 1:1. something like 2 bar stop is a good mechanical one, but you can always override these when it makes sense. (i.e. a pin bar forms against your trade).

james16 Chart Thread

The bulls are making a big effort, to break that level. If they fail again itll be back down and maybe straight through. There is some big AUD news out later, it might cause a break one way or the other.

james16 Chart Thread

Never Exit! Let the Market make take you out. I find trailing stops behind important pa bars or ppz a good way to stay in a trade and catch a move. All trades will behave differetly so having a rigid exit strategy means you will cut your profits.

james16 Chart Thread

Im sure you could build a good scalping system out of pin bars. I would backtest though. I intend to do some pin bar back testing on daily. I think that given enough pairs you can just trade daily pin bars and make a profit. I dont know if there has ...

james16 Chart Thread

Yeah I reduced my stop on this, its taking too long, I dont like being locked in a trade that isnt doing anything.

james16 Chart Thread

I agree with you, I just havent got enough trading time under my belt to have a history. I think when your'e at this stage your always tempted to get excel out and let the compounding get you excited even when you think you are being conservative ...

james16 Chart Thread

Yeah, just wondering how you treat it as a business from that respect, I guess trading in unique there.

james16 Chart Thread

No business would go ahead without expected projections. You need to at least have an idea of what profits you will make, realistcally. I agree looking at monthly % is to short term, unless you are looking back through your trading history, not ...

james16 Chart Thread

I was just giving an example of what can be done, and I don't think Marty has any special gift that "ordinary" people don't. Maybe patience and discipline.

james16 Chart Thread

Marty Schwartz, I think he banked each time he made a few mill into safer lower risk investments and then built up again.

james16 Chart Thread

Depends on your risk per trade and R:R. I've heard of traders getting 25% average a month for over a decade. The key is money management, finding a real edge (usually simpler the better) and exiting properly (letting your profit run) and being ...

james16 Chart Thread

Taking about head and shoulders, theres a BEOB forming from a pull back to the neckline of the USD/JPY H&S on daily!

james16 Chart Thread

I'll second the beer call, here in Scotland you are given beer in your baby bottle!! Having some nice cold ones, and drawdown on A/U is back to BE, happy days!. Been looking through TheRealThings posts, he never posted alot but seems to be a ...

james16 Chart Thread

If this can break 7000 I see it going to 6400, some AUD news next week might trigger a drop. Obviously me being short is making me biased Markmm in My-current-trade-or-investment-must-be-a-winner bias mode.

james16 Chart Thread

No worries, price will do what it wants so all we can do is wait for the BEOB to either break again or fail.

james16 Chart Thread

Price has crossed 7500 recently a few times without much problem, at 7700 its bounced and pivoted and when it crossed it ran. Look at weekly zoomed out.

james16 Chart Thread

Patience my friend. 7500 doesn't have any recent history for me compared to 7700.

james16 Chart Thread

I'm playing the AU off the daily chart, as are most I think as the BEOB was on the daily. There maybe be a weekly move up but daily could move 500 down in a retrace. Maybe Jackos method would be more suited to looking at multiple timeframes for bias? ...

james16 Chart Thread

I disagree there is a stonger PPZ around 7700, can be clearly seen on daily and weekly. That's why price has created a double top on 4hr and is making lower highs/lows now.

james16 Chart Thread