ppz — I see.So in sideways market price is more likely to move through PPZ. I'll keep that in mind. I notice that you follow several other threads -your dedication to trading should be an inspiration to other traders, Sir

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flexibility — Thanks for your prompt reply, SC Do you mean in sideways market PPZs don't have much strength compared to trending market? If you take such trade, knowing the PPZ could give trouble - at what point would you exit if price ...

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PPZ too close? — Hi SC need your opinion here. AUDSGD: PPZ, 50% fib & RN 1.3000 , BUOB encompass previous three bars. Passed this setup this morning due to the BUOB didn't close above PPZ in green. And looking from the weekly chart,price is ...

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I understand,Mike - will watch stocks too just for the sake of practicing. Thanks Bud

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small returns — No Mike, but if i only take 1-2 trade for the month and end up with 2% -not to mention if the month end up as breakeven -that's pretty frustrating

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very few setups taken — Yes, i understand your point, Mike -however i have no issue with small $-most of the time i only think in pips. I know the same no of pips will mean big $ once i trade a big account. The issue for me is watching 40 ...

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proven trade plan — Hi Mike and SC Thank you for the kind words. Yes i am aware that it was not the best setup. If one wants to trade the best setups ideally he/she should trade many instruments, like Marcus does. However, here i am stuck ...

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Another failed setup — Hello everyone Took this setup last friday. Not the best location, but tradeable nonetheless. PPZ, fourth touch of long term uptrendline and a BUOB with strong close above 1.3600.The previous downmove was steep and ...

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good job — Congrats, Adi Looking forward to your new thread.

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PM — I sent you a PM. Tell me what you think

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PA — I don't know if it's just me, but i find it very hard to find good setup these days. Very few tradeable PA. I only took one trade last month.Or has everyone gone down to the lower TF?

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tx — Yes, that GbpCad is obvious - i guess higher TF pattern is more reliable? Thanks Bud

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Flag — Hi Mike Can you kindly tell me if i have correctly identify the following chart pattern: 1. Flag 2. Pennant 3. Wedge Does the general trend need to be taken into account for those patterns to be qualified as valid ? Thanks

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gw — GET WELL SOON, BUD Miss those charts ....

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gc — Thanks Mike But which post are you referring to?

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Got it. Zoom out. Look at the chart from the left to the right. If left is higher then trend is down, otherwise it is up. Keep it simple. I like it. Price should take out 1.3200 (previous high) and make higher low before we can say the trend has ...

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Thx — Thanks PB Yes, it was buying at an all time high. But doesn't it also mean more room to run? i see Mike do this when he has a strong case/story. This is what i am trying to learn.May make mistakes along the way hahah

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Thanks — Yes, i have been having problems with near FTA. Taking profit too soon at FTA but take full bar losses -doesn't do good to my equity. Currently i am trying to understand more about the story as SC put it into perspective for me. Do ...

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box or bo? — Thanks SC But initially i wanted to take the 2 day PB because i saw it as price broke out of trendline and retest. So i kinda see it as a beginning of change in trend. But looking at more recent price movement, yes price is ...

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audcad — Hi Mike Wonder if you can advise on trade management. Just practising Breakout and retest. AudCad broke out of a large box (daily close) and retest - formed a BUOB on H4 (green arrow). I took this but FTA is only 20 pips away from ...

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