Nice trade. i took this one for a quick profit at the FTA. I felt it was a weak close on the BEOB so wasnt after much. Had my initial SL @ 1.5670 above the days open and that miner swing on the low TFs....
jon
PATIENCE... DISCIPLINE
Where can I learn more about Price Action like those in James16 charts? 9 replies
Disliked{quote} alrite giggles, i dont see any H/S pattern mate. Regarding the FTA, for me i would have closed my trade there, in full not moved my SL,but that is me on tighter setups. My main concern was the size and location of the PB, not very decisive and hanging in mid air a bit. These mediocre setups can be very tricky to manage, they all too easily bounce quickly back to take you out...as could be happening now on this pair??? jonIgnored
Disliked{quote} Except that post was written 5 years ago. LoL I was lucky enough to catch one of his webinars where he was trading the M1 tf. It was really interesting.Ignored
Disliked{quote} great job, just posted the chart Mine is slightly different but both accomplished the same thing. I actually think an entry on the close makes the most sense here with a tight stop loss above the "mini" squeeze TL. Gives a bit more room for it to run but just an aside I spoke about I'd like to see us squeeze up more using the bigger TLs to the high back in june Nice trade Obmepa! {image}Ignored
DislikedHey Mak Here is a chart explaining both bars. I'll be watching the outer edges marked. Those are most important levels in my book right nowIgnored
DislikedHi makwana, I will try to help: You should be looking for BUOBs at swing low not swing high, but If you entered on the break of BUOB you should stick to it - small bearish PB didn't invalidate BUOB setup, this PB did not really fired.Ignored
Quoting makwana;6914207{quote} Admittedly my chart isn't as zoomed out as Mike has it and to get a better feel for the stength of the candle an investment in [uDislikedlooking at the bigger picture[/u] shouldn't go amiss.Ignored
Disliked{quote} Wow, it realy falls like a rock. In a good profit already. {image}Ignored
DislikedHello All, This is my first post. Although I am new on this forum, but I have been trying for last 1.5 years to become profitable on demo trading. But I have always been on the losing side. I have been trying one strategy after another, but have never been profitable with anyone. There is another problem that I don't have any mentor to help me when I feel problem, who's live trading could I analyse and understand. This is because there is dearth of Forex traders in my country Pakistan. So, what is wrong with me? Is is that I can not learn trading...Ignored
Dislikedsaw this on EURUSD. D1 pin bar formed at fibo 61.8 + BRN. H4 PBT CA HCR (right arrow). Might have an up move to 1.3415 then retest 1.3450?? {image} {image}Ignored
Dislikedsaw this on EURUSD. D1 pin bar formed at fibo 61.8 + BRN. H4 PBT CA HCR (right arrow). Might have an up move to 1.3415 then retest 1.3450?? {image} {image}Ignored
DislikedHello All, This is my first post. Although I am new on this forum, but I have been trying for last 1.5 years to become profitable on demo trading. But I have always been on the losing side. I have been trying one strategy after another, but have never been profitable with anyone. There is another problem that I don't have any mentor to help me when I feel problem, who's live trading could I analyse and understand. This is because there is dearth of Forex traders in my country Pakistan. So, what is wrong with me? Is is that I can not learn trading...Ignored
Disliked{quote} Hey Kahyong Just be careful with that daily pinbar. It's up at a swing high in a sidways market(no space as we call it). This means you have no room to run and would be trading into the last major selling point. Look for these at clear swing lows with space. They will move better and give you a better idea of where price is going. Check out my space vs traffic video for mor einformation Best MikeIgnored
Disliked{quote} I would not mess with that pb. 1 not at a true SL. 2 Too small 3 Going into a PPZ & the RN 4 The MACD is rolling over. {image}Ignored
DislikedHello All, This is my first post. Although I am new on this forum, but I have been trying for last 1.5 years to become profitable on demo trading. But I have always been on the losing side. I have been trying one strategy after another, but have never been profitable with anyone. There is another problem that I don't have any mentor to help me when I feel problem, who's live trading could I analyse and understand. This is because there is dearth of Forex traders in my country Pakistan. So, what is wrong with me? Is is that I can not learn trading...Ignored
DislikedHello All, This is my first post. Although I am new on this forum, but I have been trying for last 1.5 years to become profitable on demo trading. But I have always been on the losing side. I have been trying one strategy after another, but have never been profitable with anyone. There is another problem that I don't have any mentor to help me when I feel problem, who's live trading could I analyse and understand. This is because there is dearth of Forex traders in my country Pakistan. So, what is wrong with me? Is is that I can not learn trading...Ignored