DislikedI'm the opposite, ill watch but don't play (did in the past) might get round to it also. I only really follow the majors, and watch the last few days after the cut.Ignored
GregB
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI'm the opposite, ill watch but don't play (did in the past) might get round to it also. I only really follow the majors, and watch the last few days after the cut.Ignored
DislikedTrading FX is like a tea party compared to playing golf! Have you ever played the 5 iron helicopter shot into the pond? That 5 iron can really fly!!...lol
GregBIgnored
DislikedI'm slowly making my way through the thread and learning loads from all the regular posters circa end of 2006, seems like people like Mike,Bundy and Habeeb, SeekingLight and of course Jim where trading good style, excellent charts (even a few days before xmas!!). i know Bundy and Mike still post but what about Habeeb?, he seemed to have it down good style also.Ignored
DislikedHey Jon,
Must have missed this in my back peddling through posts I've missed. Just wanted to say thank you for the very kind words sir...
And you must have a pretty gruesome imagination to picture me as ugly as I am....Ignored
DislikedYes, I hate that....more often than not, the PA bounces right off of your entry point...you need patience and gonads of iron to wait for the sucker to get back into profit.
What I do many times is that I will nibble at the initial entry at break of hi/low with 0.5% risk.....then I will keep adding on to my position as is retraces my initial entry position....That way I can average my entry price and beat the dreaded retrace.
The risk you take though, is that your pair will run on you right away and that you will profit, but only on your small...Ignored
DislikedHi fxngo,
however you can also wait for the retrace and enter then making your stop smaller and profit bigger. The downside to that is you might miss trades that shoot off the bat.Ignored
DislikedYes, I hate that....more often than not, the PA bounces right off of your entry point...you need patience and gonads of iron to wait for the sucker to get back into profit.
What I do many times is that I will nibble at the initial entry at break of hi/low with 0.5% risk.....then I will keep adding on to my position as is retraces my initial entry position....That way I can average my entry price and beat the dreaded retrace.
The risk you take though, is that your pair will run on you right away and that you will profit, but only on your small...Ignored
DislikedSome pin bars on the yen pairs, on the 4hr, this one has lower highs through the round number 154. Might be good to 153.Ignored
Dislikedhi guys, i dont get this problem as often as you guys seem to get it, maybe giving a slightly bigger buffer on the bar break might help?? i think 5 pips was mentioned? i think this is very tight on a daily bar?
just my 2 pips
jonIgnored
DislikedHere's mine Tac it's not showing a PB so just play it safe and wait for the break. If you plot a 150ema you should find it off 154.30. Pin off 150 ema is powerful stuff. It should break for $ but I'd babysit it as the longer TF's are starting to indicate bullishness IMHO. What does your E/J 4hr chart look like?
K.I.S.S.Ignored
DislikedThanks Tac..this is the way..but need to keep patient.
Otherwise, not unusually..the price will retrace 50% or 61.8% fibo of the pb..then i think beside the stop order at low/high of the pb....we will enter order at market price for the retrace with tight stoploss & take profit around fibo. and then...find the signal to reverse & sell the other amount at fibo...meaning we play three orders at all fot the pb.
does it work?Ignored
Dislikedhey no probs, i just say it as i see it .
i dont think iv seen anyone get this stuff down as fast and as well as you have.
cheers
jonIgnored
Disliked....that and how often Mike used the term 'this Bad Boy'. Must have been during that Leather and 'Cat of Nine Tails' phase he tried to hide from us.( )
.Ignored
DislikedWell, it's sinking in but I still have much to learn. The way I see it right now is, I'm playing the most most basic form of J16 PA. I'm still mystified by all the IB's, 2IB's (Ghous and blind entries) etc. etc.....but that's all just beginning to take hold in my saw dust brain.
The biggest thing I've learned here for me so far is patience and being as picky as I can be under my circumstances.
Not that I would EVER recommend it but, perhaps having to take such hugely INSANE risk to accomplish my needs is a good thing. It forces me to kill trades...Ignored
DislikedWell, it's sinking in but I still have much to learn. The way I see it right now is, I'm playing the most most basic form of J16 PA. I'm still mystified by all the IB's, 2IB's (Ghous and blind entries) etc. etc.....but that's all just beginning to take hold in my saw dust brain.
The biggest thing I've learned here for me so far is patience and being as picky as I can be under my circumstances.
Not that I would EVER recommend it but, perhaps having to take such hugely INSANE risk to accomplish my needs is a good thing. It forces me to kill trades...Ignored
DislikedHere's mine Tac it's not showing a PB so just play it safe and wait for the break. If you plot a 150ema you should find it off 154.30. Pin off 150 ema is powerful stuff. It should break for $ but I'd babysit it as the longer TF's are starting to indicate bullishness IMHO. What does your E/J 4hr chart look like?
K.I.S.S.Ignored
Dislikedyeah, i have often thought about increasing my risk to help me cut out the half assed trades and to slow down my overtrading.
have you found that letting your trades run with such a large risk has been a problem??
cheers
jonIgnored