DislikedTHIS IS WHAT BLOWS MY MIND.
to believe that people follow that train of thought is to believe that most people are stupid as a freakin rock.
i just cant wrap my brain around it.Ignored
Ghost Rider - WWTBMD?
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedTHIS IS WHAT BLOWS MY MIND.
to believe that people follow that train of thought is to believe that most people are stupid as a freakin rock.
i just cant wrap my brain around it.Ignored
DislikedThank you for the welcome, Jim, and the wonderful thread!
After I've posted my question, PA went up and bounced off of 38%.
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DislikedCan you tell me how big your stop loss is ...just curios haha ....nice timeframeIgnored
DislikedI KNOW THIS IS HARD FOR YOU TO BELIEVE RIGHT NOW BUT ITS A GREAT DAY.
EVERYTHING IN THIS POST IS STRAIGHT OUT OF MY LIFE AT ONE TIME.
YOU HAVE WON HALF THE BATTLE BY JUST FULLY UNDERSTANDING WHAT YOU HAVE DONE AND WHERE YOU ARE AT.
YOUR VERY OWN WORDS PROVE YOU ARE IN TOTAL CONTROL OF WHETHER OR NOT THIS PROVES TO BE DOABLE FOR YOU.
THE VAST MAJORITY OF PEOPLE NEVER EVEN SNIFF THIS LEVEL.
JIMIgnored
DislikedHi all,
That wasn't the best week for me, enough to say I've screw up BIG WAY (I know it's strong wording). BUt it's true, first I didn't take profits on eur/jpy of the table, I was hypnotised watching hundred pips turning into loser I'm sick when I think about it, then I have made worse, I overtraded in revenge loosing almost three weeks gains on the account and now profit/loss is as it was after first profitable setup.
This is demo but I feel like I've lost a real monies. Is so hard to win that battle with your ego, it pricks you...Ignored
DislikedOk. Why invent the wheel when there is a solution.
I was in the same boat few years back and no matter what I tried, it didn't work as expected. Too many losses on profitable setups, etc. It was sickening...
And then one day it hit me when I was watching James's video where he moved to BE on weekly setups once (i think) 30ps in profit.
Once I realized why he does that, it has changed my trading by 10 folds.
The issue was that having a small account I didn't care much about moving to BE to quick and I was getting stopped out for -50, -100ps...Ignored
DislikedBut we here have a secret weapon, the big guy (good 'ole James16), to steer us, guide us and to say "Hey man, I've been there. If you want to get here, this is want I do." Its freaking awesome.Ignored
Dislikedahhh m knows his classic rock. just watching a bootleg from a 1992 show in seville spain. brian may, joe walsh, joe sattriani, steve vai, rick wakeman and paul rodgers. its unbelievable. i may be the only person in the usa who has it ( well maybe not). can you imagine may, walsh, sattrianni and vai all on guitar and wakeman on keyboards playing rocky mountain way. ive watched it a thousand times and i get chills every time.Ignored
DislikedHey Leebar
Welcome glad you are enjoying this thread, spend some time here it will only help
Calculating your position size is real easy
Say your account size is $10,000 and you want to risk 1% per trade. Now no matter what size your stop is your position size chagnes based on the size of your stop
Example you want to enter a pinbar that has a 100 pip stop. So you want to risk 1% which equals $100 per trade. That means you can have a position size of 10,000 units(which equals 1$ per point).
Now say you want to take a trade that has a...Ignored
DislikedOk. Why invent the wheel when there is a solution.
I was in the same boat few years back and no matter what I tried..Ignored
DislikedRaczek this is freaking awesome. Almost my exact thoughts as well. A very big "ahha" moment for me. I think it was the same video too. lol.
I going to read this one many times because it's just great.
JimIgnored
DislikedOn the charts side.
I've just noticed similar setups on most of the weekly JPY pairs, same pattern BUOB piercing through multiple S/R levels. But one BIG BUT: this BUOB are located at the swing high, this should disqualify them, am I right ?? Location wise. Hope everybody else enjoys a nice weekend, I'm going back under the stone.
Could James, Mike, Jaroo, Rac, Ghous have a look on this and share an expert opinion please.Ignored
DislikedLOL... We have way too many things in common...
Just shout, next time you're in Toronto... the beer is on me...Ignored
DislikedOk. Why invent the wheel when there is a solution.
I was in the same boat few years back and no matter what I tried, it didn't work as expected. Too many losses on profitable setups, etc. It was sickening...
And then one day it hit me when I was watching James's video where he moved to BE on weekly setups once (i think) 30ps in profit.
Once I realized why he does that, it has changed my trading by 10 folds.
The issue was that having a small account I didn't care much about moving to BE to quick and I was getting stopped out for -50, -100ps...Ignored
DislikedJim, thank you very much for your kind words. I've spent almost 5 months just watching this thread before I'v started to post.What attracted me here the most were two things:
1.no wonderful receipe (and no strict spoon feed) to become rich in a few months and throw your resignation on your idiot boss desk trading for live in Forex market
2.a HUUGE degree of support from senior members and lack of downtalking on newbies.
That rarely happens these days.
Anyway I'm going through the thread contents again, I'm back testing entry and exit strategies,...Ignored
DislikedIt's good to know that one may has to go through it and grow up to the task like you Rac and Jim and other senior members. Of course it doesn't guarantee anything for my case but that loss after hard earned profit...Ignored
Disliked% gain is relative to your trades selection and discipline. I don't pressure myself to do 1 or 5% every month. Whatever comes, I'll welcome it. I don't necessary agree with some comments I've read in the past, what's good and what's not, but everyone is entitled to have an opinion. What's more important to me is: was I following my plan (you must to have a plan). anyways It's getting late and I got a run. Just keep doing what you doing with some extra emphasis on stops and profit targets and you'll do all right over the years. Just treat your demo...Ignored