If you trade like me, you'll be homeless and broke within a week.
Goldilocks All Time Return:
27.1%
Where can I learn more about Price Action like those in James16 charts? 9 replies
Disliked{quote} Yeah, i missed Monday unfortunately, i noticed later that all those IBs have been very profitable! For next week, there is a similar IB on GBPNZD. Do you consider taking it?Ignored
Disliked{quote} Check out these FREE pivots - yes, just run the daily pivots on 15M and 1H, run the Month + Weekly Pivots on 4H and Daily I can see clearly now !!!Ignored
Disliked{quote} Hi Erebus, The problem with MT4 though is that I can't specify it to change which pivots to show on a certain timeframe. I either add them all or not at all. I think. Unless I'm wanting to have to add them every time and then remove them when I switch timeframes then add them again. Also, can someone please clarify the taking half off at target then moving the other half to breakeven. Is breakeven defined as just moving your stop to the point where if it retraced all the way back, you'll completely be breakeven on the entire trade i.e. you'd...Ignored
Disliked{quote} Hi Just as a matter of clarity James16's price pivot zone are levels of resistance flip to support. This is different from the calculated price support. Then regarding the breakeven question : it's really a personal choice The objective here is to secure your profits. You may want to take profit on a % of your position and let the rest run. In that case you may want to move your second SL to breakeven either by moving it to your entry price or to a pip amount equivalent to your profit on your first position. Pros and cons of both options...Ignored
Disliked{quote} Thanks Patapouer. That helps a lot. I'm still a little unsure of the price pivot zone, but maybe I haven't got to that bit in the early thread yet for a detailed explanation. So James didn't use the S1, S2, R1, R2 etc lines? He just used the daily/weekly/monthly single pivot lines and then would draw his own ones based on price hitting an area that was support becoming resistance or vice versa and using that as a PPZ?Ignored
Disliked{quote} Hi, Here a few posts related to PPZ: http://www.forexfactory.com/showthre...08#post3493408 http://www.forexfactory.com/showthre...26#post3247526 http://www.forexfactory.com/showthre...87#post3167387 http://www.forexfactory.com/showthre...96#post3026296 http://www.forexfactory.com/showthre...70#post2170470 http://www.forexfactory.com/showthre...05#post2170405 http://www.forexfactory.com/showthre...61#post2170361...Ignored
Disliked{quote} Thanks Patapouer. That helps a lot. I'm still a little unsure of the price pivot zone, but maybe I haven't got to that bit in the early thread yet for a detailed explanation. So James didn't use the S1, S2, R1, R2 etc lines? He just used the daily/weekly/monthly single pivot lines and then would draw his own ones based on price hitting an area that was support becoming resistance or vice versa and using that as a PPZ?Ignored
Disliked{quote} Nice entry, GB. This is the only way I take CT trades, but I decided against this one. Waiting to short this pair:{image} Oh, and I'm back BTW.Ignored
DislikedGBPUSD D1 possible BEOB. My order is placed, waiting for the previous day's low to get taken out. {image}Ignored
Disliked{quote} Welcome back Courtney. GBPUSD D1 the outside bar closed neutral on my feed. Will probably wait for a better signal to reject the 1.5470~1.5500 PPZ instead, IMHO.Ignored