Making Money Trading

This is a discussion on Making Money Trading within the First Steps forums, part of the Reception category; hey jonj,you just might be standing in front of a fast train,only looking for longs on that...

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Old May 23, 2008, 11:36am   #2371
 
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hey jonj,you just might be standing in front of a fast train,only looking for longs on that
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Old May 23, 2008, 11:39am   #2372
 
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I like that setup as well jonj, I see the latest bar is also a pin (at the moment anyway, still 20mins to go until its finished). I might join you. Ive got 3 trades on already though, dont know if my brain can handle another one... then again perhaps it can !

edit:
superspurs, I also have a target about 1.9960 on £$ and then 2.0 - but only because its 2.0 not because of any levels.
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Old May 23, 2008, 12:04pm   #2373
 
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does this interest any of you hourly fans,inside bar at a pivot,38 retracement
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Old May 23, 2008, 12:06pm   #2374
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Originally Posted by superspurs View Post
hey jonj,you just might be standing in front of a fast train,only looking for longs on that
yeah you could be right superspurs,iv been stung a few times latley with this pair,its not one i follow closely,in fact only since a chart was posted here.the weekly and monthly do look like there could be some pullback to the trend lines though,but even so intraday prices can still move conciderably either way so im not adverse to trading ,short term, against the longer term trend.
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Old May 23, 2008, 12:52pm   #2375
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Originally Posted by superspurs View Post
does this interest any of you hourly fans,inside bar at a pivot,38 retracement
not a pair i watch but it looks very promising,nice pivot,nice confluencewill be keeping an eye on it
the same on the euro gbp and it is usually a good sign when they both go together .
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Old May 23, 2008, 1:03pm   #2376
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we now have a dblhlc/bearish harami on the aussie,lets see what happens
i will find out when i get back from work...sigh
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Old May 23, 2008, 1:09pm   #2377
 
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according to J16 thread that is not a DBHLC,the close needs to be lower than the low of the previous bar,but you are still hanging in there.
here is a doc from another forum people might find helpful.all credit must go to the composer of this doc whoever he or she may be
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Old May 23, 2008, 4:03pm   #2378
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Quote:
Originally Posted by superspurs View Post
according to J16 thread that is not a DBHLC,the close needs to be lower than the low of the previous bar,but you are still hanging in there.
here is a doc from another forum people might find helpful.all credit must go to the composer of this doc whoever he or she may be
cheers for the .doc supersours. does anyone have the excel pin bar calculator? or could anyone direct me to the page it was attached to. bit lost in all the pages
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Old May 23, 2008, 5:30pm   #2379
 
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portomar
http://www.trade2win.com/boards/firs...tml#post381860
Is that it ?

-----------------------------------------------------

superspurs
Are you leaving your £$ trade over weekend, (its bank holiday on Monday just incase you werent aware). I have just moved my stop up but will leave it now.
Last time I worried about a weekend I missed a good move on the aussie, so this time will probably be the one I should have worried about and got out now
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Old May 23, 2008, 8:22pm   #2380
 
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yes still holding
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Old May 25, 2008, 12:40am   #2381
 
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Hello there all, just back from 2 weeks in S Africa studying the Zulu and Boer wars (i'll refrain from using any tactics/ideas from the battlefield and implementing them in my trading for fear of upseting MP, who I see has been banned again!)

I must say that 2 weeks break from trading had been worthwhile and refreshing; I'd recommend that you all leave the markets behind when on holiday etc as it clears the cerebal cells and re-invigorates them ready for the new 'season'

It's comforting to see the markets are still there, churning out their inefficient randomness regardless of my invervention (however small, remember each moment in the market is unique) and it adds strength to my trading plan rule of 'any more than 2 losses in a day - walkaway - the market will still be there tomorrow' !!

Good Trading all,
Grim
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Thanks! The following members like this post: trader_dante , Glenborrell
Old May 26, 2008, 11:40am   #2382
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this pin looks nice to me,nice long term pivot,2 fib levels,also ,so far, a lttle higher than yesterdays low.downside...the body is not inside the previous candles body.
any thoughts anyone??
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Old May 26, 2008, 2:13pm   #2383
 
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Nose looks a little bit short to me jonj, I see it has held up so far though. Plus side is you could do a bigger size trade, but might get whipped out fast! Ide leave it myself especially as its bank holiday Monday.
My stop from Wednesday is just under the low of that bar so I suppose I am actually in it really...
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Old May 26, 2008, 2:42pm   #2384
 
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i have been 1pipped into the trade lol,added to original mainly for same reasons as jonj but on 4hr and with trend.do any of you play uk shares
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Old May 26, 2008, 3:15pm   #2385
 
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A couple of years or so ago I bought small amounts of about 10 different shares (it was actually PRTY poker that started me off, d'oh!!!) One more than doubled and then got bought out, the rest are all down I dont watch them for trading purposes.
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