Dislikedyeah. i'm looking at the video from James16 website. the video that lasted 1 hour and 47 mins. and i was starting to think how do i build my own confluence and be picky on my trades. you struck something in my mind that was really important...
LOCATION! that was it. all the confluence, BRN, S/R, PP, Fib... all falls into one thing call location.
so if the better price bar adds up to the "right" area(which coincides with my confluence rule) then i will be able to take the trade?Ignored
generally speaking. yes. But again each situation needs to be properly analyzed. And then you have to also understand trade mgmt. Then you put all those pieces together and you start to have a method. This stuff is not a system where anyone could say do XYZ and you will get your end result. There are little caveats and finer details that you will learn as you go , and begin to start to formulate your own way of approaching the market using the material James presents here.
Just work through this thread from post 1 and read at least all of James16s posts I know it is a lot, but you will start to get such a better handle on these concepts that seem foreign. It is simple but yet hard to SEE the simplicity and that is what takes the longest.
Best
Mike