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albchr replied Jul 1, 2009It's not really a question of sharing at this point. It "might" as it was just there 2 hours ago but right now there just isn't enough PA to determine what it will do. Personally, I'm just waiting for it to tip it's hand and give a direction for the ...
Cable Update (GBPUSD)
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albchr replied Jul 1, 2009Thanks for this Tia. I was questioning my decision to not take it and was feeling rather silly about it. I didn't because of your exact statement, it didn't fit my plan. Like you, I saw so much for it to get through and I honestly thought it would ...
james16 Chart Thread
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albchr replied Jul 1, 2009And you sir...
This was the result of my second range trade last week. Can't seem to find my first and third..Hmmm....
But they were very similar. url Cable Update (GBPUSD)
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albchr replied Jul 1, 2009I've made a killing the past 2 - 3 weeks playing up and down in this range. Really BLEW the 4H pin yesterday though. Didn't take it as I thought it was just a pullback to retest 6600 which has been such strong resistance I was sure it would be good ...
Cable Update (GBPUSD)
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albchr replied Jul 1, 2009You make your point perfectly Josh and you're 100% right. I was one of the first to post about this 4H pin and like you, I thought it was a fake and actually cautioned folks about it. So don't feel bad because I'm used to the 4H & 1H and blew it BIG ...
james16 Chart Thread
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albchr replied Jul 1, 2009WB and many others here spend a great deal of time helping new "traders". A shout out like Buy UK and sell US is not only the most ridiculous thing I've ever heard but it helps no one. Hey WB, where the heck is that ignore button??....

Cable Update (GBPUSD)
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albchr replied Jul 1, 2009Nope Forex is not a gamble. Gambling implies throwing your money down blindly and "hoping" it goes your way. When you learn to trade, it's like taking candy from a baby. Just remember the baby has teeth and every so often...you get BIT...LOL
Cable Update (GBPUSD)
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albchr replied Jun 30, 2009Pretty much what I did. I really blew the 4H call yesterday though...
Wonder if it's headed back into ranging again like the past weeks..
james16 Chart Thread
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albchr replied Jun 30, 2009Yep! Been there, done that many times. That's why from now on I get locked in and always let the market take me out. Very seldom if ever (when in profit) do I close the trade. Good that you got some though...
I'm a firm believer in what ...james16 Chart Thread
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albchr replied Jun 30, 2009Very COOL and congrats!!
Now, analyze your trade. Were you more than at least 65% - 75% sure it would work? Or was it more of a guess? Be honest with yourself as it will affect your future trades for sure.james16 Chart Thread
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albchr replied Jun 30, 2009Nope Jon, I didn't. Have my head in some carving designs that need to be finished. That, and I'm still licking my wounds from a couple STUPID losses....LOL My long term 38.2 fib sits at 6428 so I'm looking for PA to suggest a buy or sell from there. ...
james16 Chart Thread
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albchr replied Jun 30, 2009Yes sir! She worked out very nice. Did you get in on it? I didn't...LOL I really thought 6600 - 6580ish would be tough support to break. Now I'll look for PA around the 6430 level for possible bounce back.
james16 Chart Thread
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albchr replied Jun 30, 2009Couldn't agree more. Too bad this post didn't come before...LOL Might have made me pay more attention to my own rules...
Oh well, a good SLAP every now and then is a great teacher/reminder...LOLjames16 Chart Thread
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albchr replied Jun 30, 2009Anytime. You should be locked in for some profit now...right?

james16 Chart Thread
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albchr replied Jun 30, 2009Follow your rules...LOL — I just bagged 3 losses in a row by NOT following 2 of my own rules....
First, entering trades based on what I "think" is going to happen and... Second, placing trades before 8:30 - 9:00 EST after US opens to see ...james16 Chart Thread
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albchr replied Jun 30, 2009Yea you disappeared there for a second...LOL Looks like you'll get your chance. Stay with it now....
And don't be afraid to kill it if not going your way. Live to fight another day.james16 Chart Thread
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albchr replied Jun 30, 2009I'm no expert for sure but I'm always very careful about location with these. If you look at the two "Green" arrows on this chart, you'll see that on the lower TF's, when these happen around PPZ's, they can often be misleading. Patience is the key. ...
james16 Chart Thread
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albchr replied Jun 30, 2009Thanks moneda! I've seen your "wash, rinse & repeat" posts a lot...LOL Yea, the 1 & 4 hour charts seem to work best for me. With a small account (although now much bigger), they give me enough information to work from without having to wait days or ...
james16 Chart Thread