Oh what about this Knife technique, is there a way I can get familiar with it?
At least some general concepts. Or it is only in the PF?
At least some general concepts. Or it is only in the PF?
Where can I learn more about Price Action like those in James16 charts? 9 replies
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The SR is probably the most important thing a trader needs, bar none.Ignored
DislikedAnyone long USD/CAD? I entered on the break of the 4H PB. it was on a PPZ and 1.03 BRN. FTA is 1.035. It's always easy to comment in hindsight so I thought i'd post it as soon as I took it I know it's not a great setup but is it one that you can still take as long as youre conservative or is it best to avoid it alltogether an wait for a better one?Ignored
DislikedAnyone long USD/CAD? I entered on the break of the 4H PB. it was on a PPZ and 1.03 BRN. FTA is 1.035.Ignored
DislikedCould not agree more and no statement is more true. Supply/demand is EVERYTHING.
Your posts are all well said Jopollin.
I just prefer PA as confirmation to my S/R analysis. I play breakouts and look for PA on the pullbacks(but I guess you know that lol). My goals/trade plans I guess are more conservative then most.
Do what works!
MikeIgnored
DislikedHang on... you average up to 10% per month using just pins and outside bars on SR?
Would you elaborate?Ignored
DislikedI must admit I chuckled a good bit at that last question. There's about seventy thousand responses elaborating this.Ignored
DislikedDid you go long immediately when price moved above previous resistance, or did you wait for the bar to close above it, then retrace to enter?Ignored
DislikedMike, my point was that YOU can make that kind of return because you use smaller timeframes.
Newbies sticking to daily/weekly have no chance as there just aren't that many decent pinbars etc in the world of FX.
And most people trade FX because they cannot afford to trade anything else.
You need to drill down to lower timeframe, like you Mike, if you want to really grow an account before you die.Ignored
DislikedI trade majority of my trades on the 4hr, so how small of a timeframe that is, debatable. I spend very little time trading.Ignored
DislikedAnyways, I shorted the pinbar at a 50% retracement, and as you can see the beast shot up, stopped me out. Would love any thoughts or insight into the position I took.Ignored
DislikedI just remembered this post as well:
http://www.forexfactory.com/showpost...ostcount=45536
So it has been discussed in here even by the man himselfIgnored
DislikedHey guys
New to the thread. Thanks for all the insightful input from you experienced traders! Going to attempt some of this longer term price action trading. Haven't posted on FF before and I tried to attach an image of the chart I'm talking about but the file size was too big and I'm not sure how to reduce it, so you'll have to look at your own charts. Yesterday a pretty decent 4hr pinbar formed on gby/jpy, it was at what seemed to be a solid resistance level, 135.50-70, if you look it held solid on multiple occasions. Anyways, I shorted the pinbar...Ignored
Dislikedyou catch this one bro?
1% risk, 0.99R. Stop loss trailing under each 4hr bar low until breakeven.Ignored
DislikedAnyone long USD/CAD? I entered on the break of the 4H PB. it was on a PPZ and 1.03 BRN. FTA is 1.035. It's always easy to comment in hindsight so I thought i'd post it as soon as I took it I know it's not a great setup but is it one that you can still take as long as youre conservative or is it best to avoid it alltogether an wait for a better one?Ignored
DislikedNice one Dan, nope I would have needed a lower low on the BEOB into that former double bottom. Good one thoughIgnored