Making Money Trading

This is a discussion on Making Money Trading within the First Steps forums, part of the New Traders category; Not really up on your pinbars but noticed what looks like could fit and thought I'd contribute to the focus ...

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Old May 12, 2008, 11:22am   #2257
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Default Re: Making Money Trading

Not really up on your pinbars but noticed what looks like could fit and thought I'd contribute to the focus of the thread....

Looks like a possible one due on EJ.... 40 minutes to go yet but if a retrace happens between now and 3...


Apologies if completely wrong!







Or maybe not! I'll leave you guys to it!
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Last edited by wasp; May 12, 2008 at 12:01pm. Reason: clueless
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Old May 12, 2008, 11:35am   #2258
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thanks to all =)

t_d - I don't remember an exit strat - I shall read through again

mp - thats a nice indicator, but i'm not sure how to use it; I've included a screenshot - say I had taken this long from the lows, where would it be telling me to exit? Sorry if this is OT.

Click for full size

***************************

To keep this slightly on topic, is this a good pin supposing the subsquent bar closes in the 'right' direction?

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Last edited by rawrschach; May 12, 2008 at 12:11pm.
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Old May 13, 2008, 7:37am   #2259
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Default Eur-Usd again?

Eur-Usd H1 long perhaps?
There is a pin off a previous S/R but do we need supporting evidence?
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Last edited by bansir; May 13, 2008 at 7:47am.
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Old May 13, 2008, 8:01am   #2260
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Quote:
Originally Posted by mp6140 View Post
================================================== ==================
went in last nite as a 4 lot trade off the H4 chart with exit at 5457 --- hit target overnite and now may go for some more or not bother trading for the rest of day.

enjoy and trade well

mp
hey mp6140 nice one.only why 5457 as your target??i didnt see any problems until 5480ish,do you see something i dont??
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Old May 13, 2008, 8:22am   #2261
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Quote:
Originally Posted by superspurs View Post
did any early birds get some of this must pay more attention.my fault i missed it,i just wasn,t prepared
hi ye,i missed it too! shame its was a good trade eh!!??
i caught the later break above 5485,turned out a nice trade also,only bottled it a little near the end because i was watching the 5m chart,if you look at the hourly there was no reason for me to close and it would have reached my target, dont mind loosing a few pips though to keep my dosh out of these uncertain little retracmentsthought about chasing it a again a little later but didnt like the big overhead line!!
happy hunting
what does antone think of this pin on the eur/jpy hourly??(notice how it took off at the same time yesterday(also at 2pm )
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Old May 13, 2008, 8:40am   #2262
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Quote:
Originally Posted by bansir View Post
Eur-Usd H1 long perhaps?
There is a pin off a previous S/R but do we need supporting evidence?
Maybe we did need more confluence then?
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Old May 13, 2008, 8:42am   #2263
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Quote:
Originally Posted by bansir View Post
Maybe we did need more confluence then?
It was the news that came out which has strengthened the USD
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Old May 13, 2008, 10:00am   #2264
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Hi all, I just found this. Now, I would have liked to have seen the nose a little longer, but we cant have everything ....
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Ideas for Struggling Traders - Page 9 - Traders Laboratory This thread Refback Sep 27, 2008 7:19pm
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