I think on daily TF, trades need room to move, moving stop to breakeven after 50 pips in profit without any real price action reason, will result in cutting your profits. You should be comfortable risking 1-2% if picking good entries, cutting your ...

james16 Chart Thread

What's the reason for moving to break even now on EUR/AUD? The first real resistance is around 1800?

james16 Chart Thread

Still in the EUR/AUD, its kinda stalled, but the bar is a nice bullish one so no reason to worry. Might move my stop to next bar low to reduce the risk a bit, will wait for todays bar to end first.

james16 Chart Thread

Great thanks, hopefully it will break 1.8000 before the days out.

james16 Chart Thread

No a simple one that you set number of pips profit, and it goes to breakeven at that point. Breakeven expert or something. Im at work so cant see whats happening, has it hit 1.7980 yet?

james16 Chart Thread

Im in this also, ive set my EA to move to break even around 1.1800, Ill then trail my stops depending on PA.

james16 Chart Thread

Excellent, just had a look, funny putting faces to the voices/text. Will put my mug up there tonight. Mark

james16 Chart Thread

I joined the PF in Feb for a month, but its not enough time to make use of the material, the videos alone, especially webinars from Jim and Mike will give you enough to keep you going for months. Each one is full of diamond advice on the charts. ...

james16 Chart Thread

No worries, just the other trader was working off of a wrong premise, but Mike pretty much gave a full analysis. Important I think, as new traders might read his post and get a negative view point and miss out on this excellent material.

james16 Chart Thread

Yeah but I think what Jim was saying was the setups werent actual setups because the trader entered before the break of the bar, therefore trading before the PA was established. I would only say a setup failed if it broke the pin bar (for example) ...

james16 Chart Thread

Good question, my advice would be to choose one feed that closes around the New York close and trade off that. The pin bar on the E/A closed as a pin bar on my FXDD feed so I have an order in, although it hasn't broke yet. I dont care about news or ...

james16 Chart Thread

I have an order for the E/A pin bar on daily, I have waited on such a setup so I think once youve made a decision based on PA/SR to stick to it. I think it has a strong chance of reaching 1.8000 if it breaks. Then it will be a case of move to B/E ...

james16 Chart Thread

Isnt NFP a USD based news item?

james16 Chart Thread

The EUR/AUD daily PB is also is off a major PPZ look at those highs back in 04!

james16 Chart Thread

Well ive went long on the EURAUD, will to move to breakeven once it hits the 1.8000, then see where it goes!

james16 Chart Thread

Well thats where pin bars work best!

james16 Chart Thread

Nice potential Pin bar on EURAUD daily, has good space, large nose, and at swing low with divergance also?

james16 Chart Thread

Im working full time so daily/weekly is perfect for me so little time is needed to look for potential trades, and as you say nothing screams out. I also want to get into a trade where I can ride it for maybe a week to get a good reward.

james16 Chart Thread

Yeah, on my feed it wasnt really a pin bar when it closed. Tonight I only see a BUOB or DBLHC (2 pip diff) on the AUD/CAD, but it's in traffc and still below a PPZ at the moment.

james16 Chart Thread

Well its not a pin bar on my feed any more and it closes in 30 mins. There is nothing on daily for me. My work is done!

james16 Chart Thread