dudest
October 25, 2012, 5:44am
4646
fxsrikanth:
hi friends…i will enter this after the BRN break…()1.600()
this pin bar is formed above the BRN level…so we need to enter after this level to be break…not at low of pin bar…
see my set up/…and give ur comments…
Lemme say I’m liking how you’ve progressed and it’s showing on your charts and trade plan ( entry/SL/TPs ), keep it up!
Going by how price has gone (up), you shouldn’t be in this trade now given your entry
[ though keep in mind it is NOT a good idea to SHORT into a key level + BRN, it’s likely to hold ]
Cheers
dudest:
i guess this was directed at me…(?)
quote originally posted by jaynesh view post
hi guys
it would be great if you post chart before you enter the trade instead of after you have gathered your 100+ pips.
Thanks
hi dudest…i am also happy…if do that help…:53::53:;)
dudest:
lemme say i’m liking how you’ve progressed and it’s showing on your charts and trade plan ( entry/sl/tps ), keep it up!
Going by how price has gone (up), you shouldn’t be in this trade now given your entry
[ though keep in mind it is not a good idea to short into a key level + brn, it’s likely to hold ]
cheers
yes…i had a night mare…:46:if i trade that…thank god…my trade did not triggered…
dudest
October 25, 2012, 5:49am
4649
USDCAD H4 is looking choppy around now ( in the area I was waiting for short PA ).
So I’m just watching it from the sidelines now.
Wouldn’t have taken the BUEB either ( choppy area ).
dudest
October 25, 2012, 6:04am
4651
OMFGWTF:
Whaddaya think?
Wow, what a neat situation, the levels are all RN’s
It may work out, but the size of the pin vis-a-vis the preceding big bar worries me…
Cheers
dudest
October 25, 2012, 6:06am
4652
fxsrikanth:
hi bros…what do you say about this setup?
i am waiting for ur comments…
GUYS…ITS AUD-NZD…NOT AUD -CAD
SORRY FOR THAT…
Good spot!
But I passed it up for reasons below:
first support area was close compared to risk ( size of SL )
entry point is around 1.2600 RN
pin not formed at swing high as I would like
( ps: above are my reservations, NOT trading advice; go as per your mind )
Cheers
dudest:
Good spot!
But I passed it up for reasons below:
first support area was close compared to risk ( size of SL )
entry point is around 1.2600 RN
pin not formed at swing high as I would like
( ps: above are my reservations, NOT trading advice; go as per your mind )
Cheers
“THE SUN RISES IN THE EAST” … we have to agree…thanks for ur reply…really i dint look and recognize…that , there is a brn…
i need to clear my glasses… :22:
dudest:
Good spot!
But I passed it up for reasons below:
first support area was close compared to risk ( size of SL )
entry point is around 1.2600 RN
pin not formed at swing high as I would like
( ps: above are my reservations, NOT trading advice; go as per your mind )
Cheers
My chart only shows 4 decimals. (1.2600) So on the scale it looks like this:
1.2600
1.2550
1.2500
So in that case, is it more realistic that 1.3000 or 1.2000 is a BRN? Or is my chart just off and I should get a new one? Hehe
GN
dudest
October 25, 2012, 1:03pm
4655
fxsrikanth:
“THE SUN RISES IN THE EAST” … we have to agree…thanks for ur reply…really i dint look and recognize…that , there is a brn…
i need to clear my glasses… :22:
NB: 1.2600 is a Round Number, not a Big Round Number
dudest
October 25, 2012, 1:06pm
4656
GivenName:
My chart only shows 4 decimals. (1.2600) So on the scale it looks like this:
1.2600
1.2550
1.2500
So in that case, is it more realistic that 1.3000 or 1.2000 is a BRN? Or is my chart just off and I should get a new one? Hehe
GN
Hi,
BRNs are every 500pips, so 1.3000 and 1.2000 are both BRNs
The 1.2600 in my post above is an RN
There’s nothing wrong with your broker giving 4-digits, as long the charts are 5-day + NY-close
Cheers
birdcat
October 25, 2012, 6:39pm
4658
Hello,its been a long time since my last post…
How about you guys?..
Any opinion for this setup? BEEB @ swing high…but its countering the trend.
hi bros…my recent trade setup which is closed now itself…with nice profit…on USD-JPY - 4H
i have entered the trade after 2 days consolidation rage breakout and set SL as the low of the that range…
we have got nice break out with large bullish bar and which is in the direction of trend…
thats why i trade this …but yester day we have a drop to near to the upper side range…ab i thought this trade will night mare to me…but its not…
HERE IS THE CHART…this TP level is also act as a good s\r level in the past…
Potential long signal we get overnight on gbp/aud.
dudest
October 26, 2012, 6:18am
4661
birdcat:
Hello,its been a long time since my last post…
How about you guys?..
Any opinion for this setup? BEEB @ swing high…but its countering the trend.
Hallo,
You have not labelled your chart, but from mine, looks like AUDJPY H4
It is a BEEB yes, but not a trade-able one in my opinion.
Reason: the BEEB did not close in the last 1/3rd of bar in the direction we’d like to trade it.
The long lower tail just does not bode well ( even if it looks like it’s ‘working out’ currently )
Cheers
Hi friends…any one trade this?
I really miss this set up…i think this has formed well …what do you say?
Sorry for messy chart…but 1 thing marked in this chart…which is got my attention…even though it is not mine…
In this chart…one channel resistance is marked…
So what do you think about that…
I have marked that with white box…
So shell we give importance to that levels?along with our horizontal levels?
Or there is no need for that?
Once again…sorry for this chart…
Jaynesh
October 26, 2012, 7:14am
4664
fxsrikanth:
Sorry for messy chart…but 1 thing marked in this chart…which is got my attention…even though it is not mine…
In this chart…one channel resistance is marked…
So what do you think about that…
I have marked that with white box…
So shell we give importance to that levels?along with our horizontal levels?
Or there is no need for that?
Once again…sorry for this chart…
I think you should stick to nice & clean price action, which you were doing before and was working out very good for you
Remember, consistency is key.
Hi fxsrikanth
That trade was a trade that I was itching about, it was with the trend, decent size bars compared to preceding bars, only thing was its close. I like strong close below the previous bar to make it a solid 2bar.
That said, I still wonder though as all the other confluences were in place. :33: Sometimes I dont like being anal about my trades.
OMFGWTF
October 26, 2012, 8:36am
4666
Hi fxsrikanth
That trade was a trade that I was itching about, it was with the trend, decent size bars compared to preceding bars, only thing was its close. I like strong close below the previous bar to make it a solid 2bar.
That said, I still wonder though as all the other confluences were in place. :33: Sometimes I dont like being anal about my trades.
I took it cos it forms a really nice pinbar after combining the two (formed pinbar also closing within the previous candle -> the candle before the 1st of the 2br),