And I keep wondering if Jim is from Western US, coz I heard him speaking in the videos, and the accent is like Lost's Sawyer...
He might even give us some nicknames...
![](https://resources.faireconomy.media/images/emojis/64/1f601.png?v=14.0)
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedAnd I keep wondering if Jim is from Western US, coz I heard him speaking in the videos, and the accent is like Lost's Sawyer...He might even give us some nicknames...
Ignored
DislikedIf a PB look like this one it would have been an A+ setup. So you can see the differences and similarities.
So elizo's PB was not the best but tradable. The 1.4500 PPZ played an important role.
(Yes, the PB is actual suze. lol)Ignored
DislikedHmmm, now this gets very confusing.
I originally was of the opinion that that PB was at a Swing Low and not an A+ setup. TD did a good job of convincing me it was an A+ setup.
His logic seemed to outweigh my knowledge and I decided it may be an A+ setup. Now Jarroo opens another can of worms.
I guess it was the swing low and relative size of the PB that determined this was not an A+ setup, then?
Still, I think TD's logic was sound & I learned from this discussion, I learned that, I should be looking at higher TF PA setups and try to...Ignored
DislikedYes, Pb
...
The PB I drew is A+, not too many people here would say otherwise.Ignored
QuoteDislikedIf there are many [varying] opinions about a setup being A+ or B-, etc . . most of the time its not an A+ setup.
DislikedHi Jonny,
I took this trade based on the weekly PB. Closed partially at 1.6640 and balance at 1.6605 for a result of +0.4R. Once again no sweat while the Trade played out even though it was in DD also. Someone said if the loss or win has perceptible effect on the traders mood then he / she is risking too much on the Trade. I have dropped down from 2 to 1% per Trade (on Demo) and I am a changed man. I don't want Trading to take over my life style but want to Master Trading.
The irony is that I saw this thread about six months back but the...Ignored
Dislikedon the contrary.....
...
i agree. lol
this is a simple way to classify a particular setup (being debated on).Ignored
DislikedGreat job Novice
As far as Money Management goes I (reluctantly) stepped down to 1% after studying J16. And now after 6 months I find it unthinkable that I used to trade with 5% or more in the early days. I was delighted to make 5% one day and then devastated to lose 10-15% the next.
I think this style of tading had a negative effect on my life expectancy, let alone my account balance
Even 2% I consider to be somewhat high, even with total confidence in a strategy. 5 full bar losses in a row might be unlikely, but they are certainly...Ignored
DislikedWill this range hold or break?
There is some Divg and 150EMA nearby.
Lets see.....
.Ignored
DislikedWe don't have our rac-man to blow us away, you got to fill in Nasir, O'course you are more than capable of doing it.
g.Ignored
DislikedEmotions are good.
You ought to feel elated when you get hold of a slam dunk, and you got to curse yourself when you hit the buy button instead of the sell button on your live account.
Emotions help the learning process and are that much important to achieve success and to enjoy it.
the trick is to not let them interfere with your trading decisions. The task gets difficult when you don't have rules set in stone and leave it to discretion early on, and gets easier when you know exactly what you need to pull the entry trigger. Let experience drag...Ignored
DislikedYes, Pb. The PB was at a swing low and the size was "OK" but not great...Ignored
DislikedAgree g, I think it's totally acceptable to be "mad" at ourselves for making trading errors, as it helps us ensure we don't make them again.
But to simply get mad at the market when setups don't work out (even though we do everything right according to our strategy) I think is a bad mindset. I'm sure most people here have experienced the "everything is against me" type paranoias that I went through in the beginningIgnored
DislikedAgree g, I think it's totally acceptable to be "mad" at ourselves for making trading errors, as it helps us ensure we don't make them again.
But to simply get mad at the market when setups don't work out (even though we do everything right according to our strategy) I think is a bad mindset. I'm sure most people here have experienced the "everything is against me" type paranoias that I went through in the beginningIgnored