Thanx for answer... but i have extra question))
Why you didnt take pinbars on daily 10november??
Why you didnt take pinbars on daily 10november??
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DislikedThanx for answer... but i have extra question))
Why you didnt take pinbars on daily 10november??Ignored
DislikedWelleven if I did want to take the pin on EU it didn't break so the trade wouldn't have been activated.
But I wouldnt' have taken it for the following reasons:
My bias has been strongly short for the Euro and look at the preceding days...Ignored
DislikedWelleven if I did want to take the pin on EU it didn't break so the trade wouldn't have been activated.
But I wouldnt' have taken it for the following reasons:
My bias has been strongly short for the Euro and look at the preceding days bars - strongly bearish bars so in order to stop and reverse price in its tracks you're gonna need a super confluenced location to do it.
Is this location it - not IMO it's not. Look at where the bar closes and what it's heading into on my chart (zoom out on a daily to see teh area more closely - I've attache...Ignored
DislikedWhat do you think about this pinbar? I dont understand well about PPZ... i wanted to take this trade, but it seems to me, that price break PPZ and now PPZ work like support. And else one reason no take trade, that last fer day was very strong uptrendIgnored
DislikedHi Mark,
Firstly please let me introduce myself. I’m a fellow Brit but am now living in Australia. I recently resigned from an investment bank to trade prop on my personal account. While I wouldn’t really say I’m a FF junky I have closely followed your blog while it was active… actually a little disappointed its fallen off the radar but can understand the time constraints.... and good to see some new posts recently!!
Anyway I have a trade I thought you might like…. (I’m more of a fundamentalist turned chartist… which is why I like your blog)...Ignored
DislikedPersonally I passed on this trade because the close of the pin bar was not below the PPZ. I want to trade away from PPZ's and not into them and thus because of the close it was an easy pass for me.
Also, I don't like to trade that much on Monday's. Monday is often a very slow, choppy day with lack of momentumk so I'm more caituos that normal.Ignored
DislikedI've got a pending short order on the break of the weekly pin on Silver with 25 the obvious 1st target area. .Ignored
DislikedAnd that’s why I like your blog.... I hadn’t even seen the weekly pinbar – as I said I am a fundamentalist first but charting is the best prescription to have in your glasses.
I have to say while initially it moved nicely in asia morning a wall st journal article and $ strength has spoiled some of the fun.... It left me a bit concerned how it gave up the ground so easily so have hedged about half of the dollar component with DXZ and eur/usd... we may both make money!
[font=Calibri][size=3]Anyway...Ignored
DislikedHi to all, my today trades:
EUR/CHF 1H, PPZ, PA. Closed 1/2 position +45, second 1/2 losed at BE. +1%
GBP/USD 1H, BEOB, PPZ was broken downwards. But price went against me and hit SL. -2%
Gold 1H, heavy PPZ, PA, 61fib. still in trade (+850pips)
USD/CHF 4H (dont look at TL ) Try to take touchtrade in Fibo61 and PPZ confluense... but hit SL -2%
USD/JPY 4H. PPZ, PA, Fibo50. Still in trade
LJ, if you have time. Show mistakesIgnored
DislikedHello LJ, this was a nice touch trade (PPZ and fibo)...did you see it?Ignored
DislikedI dont look at NU that much to be honest so yeah I missed it. I would have passed most likely on this though as I thin the 61fib and daily PPZ is a stronger area - daily and weekly PPZ which is what I prefer.
Also I'm not overly keen on going short USD as all the USD pairs are in a nice downtrend IMO so I'm more keen on trying to get into the the current trend.Ignored
DislikedMy Silver weekly Pin has now borken so my trade is in play which is less than ideal as I'll have to either set a TP @25 or leave it as be off to bed soon.
Ignored
DislikedMy performance is a result of the following:
1. a few years very hard work at this business;
2. learning what techniques suit my personality, becoming very proficient at knowing what setups to take (by lots and lots of backtesting and forward testing) so it beomes second nature;
3. finally and most importantly being able to control / eliminate my emotions as far as possible.
I believe most people don't make it in trading because they don't approach it in the right way - as a long term structured business.Ignored