Stop thinking like a retail trader
Forextrinitrader3.0 Profit This Month:
-$5
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedLooks like I got bailed out on the NZDUSD. Definitely was not fun :-(.Ignored
Dislikedhttp://www.forexfactory.com/showthre...86#post5601186
I posted like 30 charts in the PF I am watching lol. So many things are winding up. I am just sitting and waitingIgnored
DislikedMany touches
Clearer touches
Major swings
Less breached
Easy to spot
Combine all and you get'em !Ignored
DislikedHey fxterrapin,
could you please elaborate on why you took that trade?
g.Ignored
DislikedLol, you probably think it was a bad idea?
It was not a pretty pin (or a pin at all), but did stop short of the 200 MA, the bar next to it also closed below 1.2800. In addition, both bars remained below the high of the 2-day pin that formed around April 10-11. Once the third bar broke the low of the previous bar I went short. Went to BE when I was 20 pips in the green. I considered this range trade. What do you think?
70+ pips, but still does not mean it was a good trade.
fxterrapinIgnored
DislikedAnyone have a good strategy for taking profits while you are sleeping or not in front of your computer??
Lately I have been getting into trades and they have been going in my direction and almost missing targets by 3-4 pips. When I am awake or sitting in front of my computer and I see it that close I will close some of the position and move stop to BE and let the rest run. For the last week , last night really sucked , I will put on trades and the TP usually will hit sometime during the late night /early morning here in AZ when I am sleeping. Sometimes...Ignored
DislikedAnyone have a good strategy for taking profits while you are sleeping or not in front of your computer??
Lately I have been getting into trades and they have been going in my direction and almost missing targets by 3-4 pips. When I am awake or sitting in front of my computer and I see it that close I will close some of the position and move stop to BE and let the rest run. For the last week , last night really sucked , I will put on trades and the TP usually will hit sometime during the late night /early morning here in AZ when I am sleeping. Sometimes...Ignored
DislikedIt was a fabulous trade brother,
I asked your rationale behind the trade because I wanted to know if you were passionate about the pin bar straddling the big round number.
Round numbers as confluence to your pin bars is in a totally different league than your other confluence factors like MAs, Fibs and divergence.
Scan your charts for pin bars...even the average looking ones that straddle round numbers and notice how often price will pull back into them to hold to the pip at these round numbers and bounce. These can call for very high...Ignored
DislikedIgnored
DislikedA trailing stop would only activate after target is hit first though yes?Ignored
DislikedAnyone have a good strategy for taking profits while you are sleeping or not in front of your computer??Ignored
DislikedSo I was just wondering if anyone else has issues like this and anything they do to help alleviate this besides the obvious "lower your targets"
ThanksIgnored