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- PipGator replied May 21, 2009
Mike, I was very surprised to hear that your win rate is in the upper 60%, because you are so picky about your entries. I imagined that your win rate would be closer to 90%. Is this because you aim for higher R:R and/or do not move your stop to BE ...
james16 Chart Thread
- PipGator replied May 20, 2009
Thanks — Thanks for the comments Blackinc, g_j_hook@yah, jarroo, Jlr, Markmm, Jdeuster, SupremeChaos, Mike, gorubin and anyone I forgot to mention.
james16 Chart Thread
- PipGator replied May 20, 2009
Jlr, My most recent exit strategy went something like this: Risk 2% of account placing stop loss 10 pips above/below the pinbar/outside bar/etc while splitting the trade into 3 positions. At first major PPZ take profit on position #1 while moving ...
james16 Chart Thread
- PipGator replied May 20, 2009
Musashi, You are obviously more experienced than me. Based on what I have learned here, though, I would like to say that there is not one exit strategy taught here. There are many different styles of trading on this thread with many different exit ...
james16 Chart Thread
- PipGator replied May 20, 2009
Welcome, Musashi. I am just a beginner (You can probably tell by reading my last post), so I cannot provide the best advice. If you, like myself, have not already come up with a strategy for taking profits, I think you should avoid taking trades ...
james16 Chart Thread
- PipGator replied May 20, 2009
Confessions of a Rookie Trader — It has been a tough month for me trading and I wanted to share some of my experiences. I started learning about forex last summer. I started my adventure on BabyPips where I was able to learn a lot of basics in ...
james16 Chart Thread
- PipGator replied May 19, 2009
USD/JPY — Hi, eswap. I would not take this trade for the following reasons: Pin bar size is small (as you mentioned). Too much traffic. The previous bar looks like a BUOB. Just my rookie opinion.
james16 Chart Thread
- PipGator replied May 16, 2009
AUD/CAD Rookie Analysis — Bakko, I did not notice this setup when I was scanning the charts yesterday. I believe this one might fall in the A category. Personally, the sizes of the pinbars look large enough compared to the previous bars, but ...
james16 Chart Thread
- PipGator replied May 15, 2009
Welcome — Welcome to the thread, aLLerGic. From one newbie to another, I would like to say that you have come to the right place to learn about forex trading. Many people here would recommend reading the whole thread. By doing that, you will ...
james16 Chart Thread
- PipGator replied May 15, 2009
NZD/JPY Rookie Analysis — I see a lot of interesting setups today and wanted to share my thoughts and see what others think. My favorite at this time is NZD/JPY. There is a BEOB on the daily and weekly charts. The weekly BEOB is at a swing ...
james16 Chart Thread
- PipGator replied May 15, 2009
USD/CAD — Welcome, Leebar. Nice chart. I believe that most people here prefer to take BUOBs at swing lows. The current BUOB is not close enough to the swing low, but that's just my rookie opinion. EDIT: I am not saying that this is not a valid ...
james16 Chart Thread
- PipGator replied May 12, 2009
EUR/AUD — My FXDD demo account on MT4 is showing a low of 1.7806
james16 Chart Thread
- PipGator replied May 8, 2009
You da man, Jarroo. One more lesson learned. One more tool in my toolbox.
james16 Chart Thread
- PipGator replied May 7, 2009
EUR/AUD - More Rookie Analysis — marcelnyo, I have been practicing the drawing of PPZs and am seeing lots of improvements, but I feel that I have to get a lot more practice before I can be as consistent as many others here. One of my biggest ...
james16 Chart Thread
- PipGator replied May 7, 2009
EUR/AUD and GBP/USD Rookie Analysis — Like many others here, I am seeing lots of possible opportunities. My favorite setups are EUR/AUD and GBP/USD. The EUR/AUD is my favorite: This nice long-legged pinbar hit a PPZ at a round number that is ...
james16 Chart Thread
- PipGator replied May 2, 2009
Longer Timeframes are More Significant — Longer time frames are more significant. That's way James16 recommends trading only weekly and daily charts for beginners like myself. Longer timeframes provide more information and volume of trading. ...
james16 Chart Thread
- PipGator replied Apr 29, 2009
EUR/USD Rookie Analysis — There is a beautiful pinbar on my EUR/USD 8-hour chart. It failed to close above the nice round number of 1.33 which has proven to be a solid PPZ zone. Also, we have some confluence with 50% fib. Not to mention, a ...
james16 Chart Thread
- PipGator replied Apr 28, 2009
Gold — I remember that discussion well. Price has pretty much reacted as you guys expected and that does not surprise me because of your detailed explanations. I think of it as one more learning experience that I hope will be another tool in ...
james16 Chart Thread
- PipGator replied Apr 26, 2009
EUR/USD Rookie Analysis — Squeezy, I will be watching from the sidelines on this one because I am still trying to stick to daily time frames and higher until I reach the next level. Looking at the EUR/USD chart, I have a feeling that price is ...
james16 Chart Thread