Indicators show the past. Price Action "Indicates" the future.
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DislikedHey "J" one i think you may have missed.
Just as a continuation of what you do here.
Thanks friend. your tenacity is not missed.
DislikedCould some post a Daily Eur/Jpy. Is that a DBHLC on the Daily or close to one?Ignored
DislikedIt's a 6 pips difference in my feed Jim, I won't call that a DBLHC, but then again, I'm still a newbie here compared to youIgnored
Now in my experience with this material (only 3 months or so), I usually chicken out and take everything out of the trade after it reaches the first danger area.
Those setups reached a place when prices decided to bounce back to a drawdown, and then finally breaks to our favor.
My tendency of exiting with profit is about disliking seeing drawdowns on my trades, well it won't be anything important if the pip value were peanuts, but as jim always said from time to time, it's all about pip value, if I went from an...Ignored
DislikedYours is a very good habit to maintain. lol To say the least.
As you gain more experience in the way Jim teaches Price Action and where Price is likely to go i.e. danger areas. You will find that your feelings of "chickening out" is really "simple, reasonable logic".Ignored
A couple of questions if i may.
1 We have some nice pinbars on eur/jpy, chf/jpy weeklies but Stoploss on placement above pin = 3 to 4 % so how to deal with this possible drawdown?
2 Which of the above appears to be the best candidate? My thoughts are that the chf has less obstacles in the way( PPZ ).
DislikedGhous,speaking probability, will you suggest this pair long now?Ignored
DislikedI am not good at trading for the moment, from any aspect to say. when I be in a trade, feel stressful,Ignored
Dislikedaud/usd weekly: nice pin bar on 0.7 + 38.2 fib.
eur/jpy weekly: extremely nice pin bar on 133 + 38.2 fib.
what do you think?Ignored
DislikedI'm not a senior member, but I do think that both pins can do a great deal, while EURJPY when breaks down, can run about 80 pips before it reaches the first minor support, it still has to go through some minor zones before finally reaching a target area of 126ish.
CHFJPY may went about 80pips before reaching the first minor support, but after that it's actually it's as free as interstate highways down to major PPZ at 82.
But I don't really like how the CHFJPY Pinbar closed in my feed on FXPro, I like it to closed like EURJPY Pin, when the close...Ignored
Disliked1. size of the account = 5k (is this too little?)Not an issue, so long as you manage your funds correctly
2. my failure to follow the 2-3% risk rule big issues are here
3. the fact that i'm still learning and not taking the "A" trades here
The hardest thing for me to do thus far was going from 15m - 30m charts to the 4 hour... still need to move up higher - read page one again
1. since i am looking for the best trades, how many pairs should I be looking at? Originally...Ignored
DislikedI pretty much agree with Marcel,
Eur/Jpy is one of those beautiful setups you could wait on your butts for months
Chf/Jpy may also be a valid setup but again I don't like the fact that it closed well above the ppz I would have liked it to close under.
Dislikedthat E/J setup looks sweeeeetttttttttttt..............
should make up for my lack of trading for the last 2 weeks due to ISP issues... (strangely I can access FF and Skype but mail, trading platform et al won't cooperate)Ignored
DislikedI guess your ISP's CEO is a shareholder of your brokerage, and they've been losing a great deal of money due to your trading activities, they must've somehow found out about your trade logs and shutdown the port to access metatrader and your other trading platforms.
What a conspiracy... what would become of our world?
Sorry I couldn't resist... been watching a marathon of 24 series. lol.Ignored
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