DislikedIt helps very much indeed. I'm now officially giving myself 3 shots for february. Hope I'll pick best trades coming out there
THANK YOU MIKE! You're always a great help!Ignored
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedIt helps very much indeed. I'm now officially giving myself 3 shots for february. Hope I'll pick best trades coming out there
THANK YOU MIKE! You're always a great help!Ignored
DislikedHi All
I've had limited time to look at charts since December (family commitments). I see there have been lots of good daily bars in the meantime,.I've missed out a bit but as we know there are always more great bars around the corner.
I've found a beob on usd cad today, I see first target as the 38 fib line.
Any thoughts?Ignored
DislikedHey Marx
That pdf was created by someone who browsed this thread, so it is 'unofficial' so to speak. It sounds as if you are referring to a BUB, or BEB, which is just a bullish bar or bearish bar. I don't know many people that trade based on those alone but use them as additional info for trades. I trade mostly outside and pinbars personally.
Have a great weekend guys
MikeIgnored
Dislikedmy 4hr play audusd, buob from double bar low, higher close. Nearing the 50% retrace so we'll see how it handles that areaIgnored
DislikedThat is just a little bit too robotic for my tastes - - but it would be a reasonable and effective strategy.Ignored
DislikedEach to their own.......Many times I wake up and my TP is already hit and I am out of the trade. .7300 is a major pivot and it has bounced off of here several times. .7200 is the first area of possible resistance, so it makes sense for my style of trading.Ignored
DislikedEach to their own.......Many times I wake up and my TP is already hit and I am out of the trade. .7300 is a major pivot and it has bounced off of here several times. .7200 is the first area of possible resistance, so it makes sense for my style of trading.Ignored
DislikedSeems like NZDUSD may not close above previous candle in my feed (Alpari UK).
Do you prefer USDCAD or NZDUSD OBars ?Ignored
DislikedSeems like NZDUSD may not close above previous candle in my feed (Alpari UK).
Do you prefer USDCAD or NZDUSD OBars ?Ignored
DislikedI prefer Usd/Cad.....much better close on my feed vs. Nzd/Usd. That pair is at 1.70, pivot zone, and there is good space between last touch of area. I won't enter unless it breaks south of 1.06 vs. the low, but that is just me. Sometimes those round numbers have good momentum, so I like being dragged along for the ride so to speak if they break.
I see first trouble area near 1.0515 area. I play these a bit differently, my stop won't be at the high of the beob.
NathanIgnored
DislikedI'm considering risking 1% on each instead of 2% on just one......Ignored
DislikedHey Michal My answers in bold
Hello Mike,
if you'd be so kind and answer following question I'd be thankful...
/.../
5,On daily chart, how many trades do you take a month?
Roughly 3-5 sometimes none, sometimes more
/.../
I'm now watching about 25 forex trades and I'd like to try bullet exercise, how much bullets do you think should I give to myself?
3
If I could manage one day to have few trades a month which I could manage only in the evenings and I'd make 5% a month that would be fantastic! Do you think it is...Ignored
DislikedWatch at least 3 feeds.... I watch Alpari, IBFX, and I just downloaded FXPRO... a lot more opportunity on the charts when you see the time moved over by 1 hr....Ignored
DislikedI get to look at 4hr bars at 4,5,6 am and 8,9,10am. Thats why I trade mainly the 4hr and daily. I dont look at charts much after noon except for the daily closes at 4,5 and 6 pm. I think it's a great way to trade!
K.I.S.S.
BTW. The NZD Alpari UK did close as a BUOB. Now I'm just looking at it to see how/if I want to play it.Ignored