Great stuff Bill. You are raawkin it! Can I short gold now? lol.
Undisciplined, impatient and unruly. Don't follow me kid.
Where can I learn more about Price Action like those in James16 charts? 9 replies
Disliked{quote} Nice Pbar though. Great stuff Bill. You are raawkin it! Can I short gold now? lol.Ignored
Disliked{quote} Hi TR. You were trading into some strong bearish bars/selling pressure here, plus some congestion to the left, so no trade for me. You could've made some pips, but not a good habit to trade against such strong pressure. Nice Pbar though.Ignored
Disliked{quote} Hey there G-man. Yes 4 trades and i have woken up just now to see they all went to TP. Happy days. As for Gold, the main signal was the very BIG engulfing 8h BUOB (2 x 4h combined). The bar preceeding this was a decent size BEOB but the 8h then said "uh uh my friend, we ain't going down anytime soon, just up and away!". The 8h is HUGE compared to all the bars around. BillIgnored
Disliked{quote} Good stuff Gbloke GBP JPY Picking up speed too . Manually managing this. Some off at 168.10 and will set TP at 167.70 and move SL to BE as soon as I head out shortly. Outside bar that sliced through a BRN. {image}Ignored
Disliked{quote} The trend is your friend.
Go with the flow.
If you piss into the wind you will get piss on you.
It's much easier to row a boat with the current.
Follow the others otherwise you will be exposed and left alone - i don't want to be alone.
This is why i struggle with PB's because they by nature almost always go against trend.Ignored
DislikedUsd/jpy h1. Wipg? {image} Update: 115.84 hit then reversed. {image}Ignored
DislikedIt took me 1 year following this thread, to realize that this method has marginally to do with trading, its a PRODUCT. A commercial product sold to a market in order to make a profit.Ignored
Disliked{quote} Hey Kerhey. Following a thread / system is a great thing. You stuck to the system / method. That's already good because losers usually give up on an idea in 2weeks-2months... j16 is simply technical analysis. Does it suck? No. Is this type of technique really for you? Maybe not. When learning a method / system many ppl don't really consider the psychological aspects. And those are far more important than the "pinbar in traffic". Let's assume that I have a 100k account. I trade a high RR way, I have strings of losses of 3-5 trades but then...Ignored
Dislikedgreat location to watch for PA. Beautiful TL and previous major swing point Preference is PA long for a breakout but bears remain in control until then. Another great way is watching for a false breakout here too {image}Ignored
DislikedMike was this a pre-emptive breakout bar? have you considered to short this pair after this bar? {image}Ignored
Disliked{quote} we got that pre-emptive breakout bar I was looking for but the breakout area did not hold so I cut out for a 1/3 bar loss. I'll watch for that fake breakout scenario if we close strong bearish {image}Ignored