DislikedHey Folks , Check out the Aussie 4H chart seems interesting to me with a Beautiful BEOB + Clean trend break + Close below the 50 Fib level well , I entered this trade ( Micro lot ) . Best of LuckIgnored
Hunri
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHey Folks , Check out the Aussie 4H chart seems interesting to me with a Beautiful BEOB + Clean trend break + Close below the 50 Fib level well , I entered this trade ( Micro lot ) . Best of LuckIgnored
DislikedThis is 1 of 3 trades i took last week. but for some reason i did not move my stop to BE ASAP. I am still holding on to it though i think the RN which the OB is sittin on cud stil hold price down if price gets there.
HunriIgnored
DislikedThe problem here longshot is that this is the James16 chart thread and a particular method is taught here. Price action, at PPZs, with sound money management. You have every right to trade how you will, but if you are trading against the main principles of this thread then there is no real way that anyone can offer constructive criticism.
You may be better served in another thread, because the view of most people on the James16 chart thread will be that you're going about this all wrong. You're perfectly entitled to trade your own way of course,...Ignored
DislikedThat was a really good setup , managed to get out with profit +45 , but the EUR/USD has hit a major support last friday and may gain upside momentum that might add some strength to the aussie as well ( being the main currency in the dollar index ) . Hope you the best BuddyIgnored
DislikedThat's my feeling too. It's been pushing my buttons recently, but maybe I am getting more crochety in my old age
General thoughts follow. Not directed at Benji at all, but sparked by his post.
I think 'advanced techniques' are fine if you've been doing them for years and are consistently profitable at them. But if you haven't even proved yourself on demo with these supposed 'advanced techniques' then why are you posting them?
I use the term 'advanced techniques' very loosely because too often I think it's just a fancy way of saying 'overtrading'....Ignored
DislikedOn the other hand, if you have a small account, risking 1% per trade, and have no problems suffer the draw down time, go for it.
I have a small account, but I am going to treat it exactly like I will treat my future huge account that would bring me the money to support my future family.
An no, I am not going to grow my tiny account to be huge, and only then shift my trading style. I will work hard to earn money from the side, and un the meantime get extremely good at what I do. This is real business.Ignored
DislikedJust thought I'd take a minute to say hello.
I only started to read this thread last night, I have only read page 1 so far and am following the directions posted there, I have a LOT of reading AND learning to do!
It seems like this is a great place to do both.
I am very thankful to James16 and the other senior members who contribute so much of their time to share their knowledge and wisdom.
That is a rare gift not many people are willing to give.
Anyway that is enough from me, so a big HELLO to everyone.
And thanks in advance!!!
Dave....Ignored
DislikedBush could barely string a sentence together, you dont want someone like that running the country. Also the USA might get a NHS finally so people without money can get healthcare. Just my opinions.Ignored
DislikedGood trade for next week? BEOB... the buyers are shaking now, aren't they?Ignored
DislikedHave you guys seen the bearish pinbar on the dollar index chart?
http://img638.imageshack.us/img638/9436/dollarindex.jpg
I will be looking to go short on the USD this weekIgnored
DislikedJust watching the training video from j16, thanks Jim lightbulbs going off everywhere. Genius.Ignored
Dislikedah, weekends.
No one seriously watches Fox for news*. You might watch a bit of Glenn Beck to find out which liberalmedia nazi democrat communist socialists are trying to steal your children and turn them into gay negro 'snivel libertarian' chinese illegal immigrant spies on welfare, but that's about it.
For business news, I only watch Bloom, CNBC and Sky. Mostly Sky.
At work, we only have Bloom, CNBC and Sky.
Take that how you will.
* on the other hand, its my source of all that is Jack Bauer.
Ignored
DislikedGlenn Beck and Sean Hannity get pretty carried away, so I never really watch them. Though Glenn Beck questioning, and getting a few of Obama's Czars should earn him a place of honor. Thank god for him starting that whole snowball. Got rid of a few very shady characters.
I don't know what Sky is, and I don't get Bloomberg (as I think many Amercans do not, because it often costs extra on cable packages). CNBC can be damn good, just for news (don't even have to get financial news).Ignored