hi all here my first post in this thread i m learning it for near 6 months and now i m feeling to trade on demo till good at it ...hope u pro will help me .thnx
Muhammad
Muhammad
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Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedaser, this one is huge... => long GBPCHF
could it mean that euro will fall?Ignored
Dislikedhi all here my first post in this thread i m learning it for near 6 months and now i m feeling to trade on demo till good at it ...hope u pro will help me .thnx
MuhammadIgnored
DislikedHello Muhammad,
are u kidding? that was a nice trade.
BUOB off a TL + 61.8Fib + (minor) PPZ
just always be aware of possible problem areas like that immediate 0.7150ish - 0.7190traffic area
Keep it up!Ignored
Disliked... I was also monitoring my charts at that time. I saw this BUOB.. but didn't it formed right before the tight traffic? I got scared and passed on this trade.
What role the traffic plays in our setups?...Ignored
Disliked...
I'd be a bit more conservative as far as a TP2 point is concerned..Ignored
DislikedHello Muhammad,
are u kidding? that was a nice trade.
BUOB off a TL + 61.8Fib + (minor) PPZ
just always be aware of possible problem areas like that immediate 0.7150ish - 0.7190traffic area
Keep it up!Ignored
Dislikedlike i said, it was a potential problem area.
but momentum was on Muhammad's side.
make no mistake, u had a good reason to pass on that trade. (in fairness, that tight traffic is relatively a small area)
if u arent comfortable taking a certain trade, it's better to follow your instinct.
each of us have a different personality & risk profile. thus we can win/lose in many different ways. this thread is a showcase of our diversity.Ignored
Disliked...But the more I read the more cautious I become... don't know if it is good or notIgnored
Dislikedohh thx u all support me and bost me up n confidence ...good start of my demo trades tp 1 hit and set BE now ...Ignored
Dislikedmihazupan1,
are u reading my mind too? lol
i was expecting someone to mention that possible problem area (your TP2).
Good eye, SirIgnored
DislikedNice trade Muhammad989,
Just be aware that your trade is against a larger counter trend signal which can be seen on the Weekly as a Pin Bar. Many traders (including me) will have taken the opposite side, in this case I sold at 50% of the Pin Bars retracement.
Don't panic, just be aware of it and consider your targets accordingly.Ignored
Dislikedthnx fx i knew about wekly Pb but ..actually i set my rule and i found it this trade No 1 -61% fib retrace 2nd TL 3rd PA from S 7 R area so i got it ...and weekly chart i found just one rule PB at swing high ...so which side is more relaible ?
MuhammadIgnored