DislikedI propose renaming the thread to
'james 16 - start at p1, stop trading the 5m chart... and no, we dont have an EA for you'Ignored
the EA bit was very funny
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI propose renaming the thread to
'james 16 - start at p1, stop trading the 5m chart... and no, we dont have an EA for you'Ignored
DislikedI suggest that anyone trading 8%, 15% or 50% of their account has another look at these graphs from p 2763:
These arent made up numbers. These are based on a 75% win rate and a fairly optimistic return structuring - neither of whichanew trader has.
You increase your %R, you increase your risk exponentially.
.Ignored
Dislikedhmmmm
i got stopped @ be on this
now back to waiting mode
thnx for the input BenIgnored
DislikedBy the way, on the lower TFs there was a break out pattern, but not enough good for me.
BenIgnored
Dislikedaha, something just triggered upstairs...just rushed to put my thoughts on paper now....
something u & rac said.....hmmmm
thnx benIgnored
DislikedThis is alot longer than I planned. So, here is the short version.
Behold, the power of the sports analogy:
I kick a football at a window. It doesnt break, and comes back to me.
Next, I kick it at the window again, but from a bit further back. The ball goes to the same point (ie, to the window) but by the time it gets there, it is already decelerating, because I kick like a girl....Ignored
DislikedThe other main thing to keep in mind is that the US is the dominant mover here, so by going long AU and UJ, you are effectively hoping for USD to simultaneously move up and downIgnored
DislikedHi mike, thanks for your reply.
Hi guys,
I am trying to understand the reason for James going long on USD JPY.
From his chart I can see that he take the trade because there are divergence/big round number/double bottom/very tight stop. Are those factors enough to pull the trigger even there is no daily PA present? (Though I do see some pinbar on H4 and H1)
To me, this trade is like catching a falling knife, since the price has been going down from early august. Please feel free to comment.
ThxIgnored
Dislikednice one ben
im also short on this pair but got in a little late....looking back i saw much better entry @ 1.6985 area
are you planning on taking profit at 1.69 or waiting to see if we break it
good trade
u've got me thinking .....Ignored
DislikedHey Benji,
Doesn't it seems like some traffic on the left (green box)?Ignored