DislikedHello Fxprocessor, please which software did you use to draw the purple lines, Ive tried using the one with MT4, but it cannot draw short horizontal lines.I hope you can help with with the source of the program
thanksIgnored
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHello Fxprocessor, please which software did you use to draw the purple lines, Ive tried using the one with MT4, but it cannot draw short horizontal lines.I hope you can help with with the source of the program
thanksIgnored
DislikedIts turning - ???saved by the bell.
On my chart it went green 4 pips off the 38.2 - its safe now they have visited their fib level and it is lift off time.Ignored
DislikedYeah, seems like we're going to get stopped out soon. That would be my third loss this month. The tight S/L approach doesn't seem to be working well for me these days.Ignored
DislikedTrying to figure out where your Highs/Lows are located for your fibs.
Daily High/Low?Ignored
Dislikedyeah was going to post this. This is IMO the only way to draw a current fib right now in terms of swing points.
I also marked what I believe is holding it up for now
MikeIgnored
DislikedThey work better on better setups. This was not the ideal A+ setup, you can agree with that right?Ignored
DislikedI just don't seem to be able to tell the difference between an A+ setup and worse setup yet. But you're right - I guess I can see a few things goings against this trade. (Fighting the trend, traffic nearby?)
I went through USD/JPY daily chart data from 2001 till 2003 taking most of the price action bars at a decent location with tight management. Placing stops behind pin's eyes, BRN's, PPZs, moving S/L to B/E after 30 pips and taking profit at FTA, I only had one loss in 15 trades.
In the last few days, I took two losses and the only winning...Ignored
DislikedThey work better on better setups. This was not the ideal A+ setup, you can agree with that right?Ignored
DislikedWould you, perhaps, mind posting a chart or two of some trades you took that you considered A+? Thanks!Ignored
Dislikedyou need to double click the trendline and right click it , go to properties and uncheck the ray box under parameters
MikeIgnored
DislikedMike,
thanks. it worked for the horizontal lines, but not the vertical lines. Please may I ask what program you are using to draw those green and blue lines on your chart. Also this question go to Jarroo. I will appreciate your help
ThanksIgnored
DislikedMonday's USD/CHF daily pin. And daily BEOB on 13th may on CHF/JPY (got quite unlucky on that one as price triggered my entry by TWO pips, reversed to take my stop out and then finally shot down to reach my targets)
And now the GBP/JPY is not looking good either!Ignored
DislikedI can't find the May 13 Cad PB but that as you know it worked out well.
what made the 4 hour Gpb/Jpy an A+ was that it was a break out pattern setup.Ignored
DislikedI can't find the May 13 Cad PB but that as you know it worked out well.
what made the 4 hour Gpb/Jpy an A+ was that it was a break out pattern setup.Ignored
DislikedThanks for the examples. I see there's still a lot I need to learn. I just need to stop thinking that being in the red after two weeks of demoing is my personal failure of some sort.Ignored
DislikedMike,
thanks. it worked for the horizontal lines, but not the vertical lines. Please may I ask what program you are using to draw those green and blue lines on your chart. Also this question go to Jarroo. I will appreciate your help
ThanksIgnored