Keep taking CT trades, I need more money ![](https://resources.faireconomy.media/images/emojis/64/1f60a.png?v=15.1)
![](https://resources.faireconomy.media/images/emojis/64/1f60a.png?v=15.1)
Where can I learn more about Price Action like those in James16 charts? 9 replies
QuoteDislikedI have been waiting on this pair to give me a good long signal. Is today the day?
QuoteDisliked..........But I believe I learned a lesson. If you get GREAT Counter Trend set-ups, even on charts as small as the 4H, but they are across the board (in this instance), I believe the probability of at least breaking even on a trade is well within your favor.
Did anyone here take these counter trend trades?
QuoteDislikedDepends. Some only allow the next bar, technically the Pin Bar is valid until the high or low of the pin is broken (long or short). I'm sure there are other variations, so you can customize to what suits you.
DislikedKissFan, squeezy,
did u take this? price is currently at 1.7659 as i write. it blew past 1.75 roadblock i mentioned here very quickly. NiceIgnored
QuoteDislikedLooking on the Daily I see maybe price moving up higher than I though before (previous post was 4hr retrace then back down again).
Maybe a Mike Trade? A BUOB at swing low closing above a round number. I guess if the BUOB engulfs more of the previous bars the better. Looking to see how this daily will close.
QuoteDislikedThis does look good and I dont want to be nit picky, but technically this isnt a BUOB right? I agree that this is a great "Mike" setup and as u said if it close above round number but how picky does one get if they see it close above round number and it isnt technically a BUOB?
This is food for thought, what do people think about taking great looking "almost" bars at great locations. I myself don't do it but this maybe would be a case if it close above a round number.
DislikedLasVahGoose, dmc,
i mentioned $cad earlier here.
Looking at my & your (LasV's) charts, the PB is still technically valid as it was not breached. the pseudo-BUOB is another confirmation off the 1.08 round number.
dmc,
we often encounter imperfect-shaped/imperfect-looking PA candles/bars. these should not hinder us from taking these trades. we must be aware of them, [b][color=blue]BUT [u]we must not reject, disregard, dismiss...Ignored
DislikedLasVahGoose, dmc,
i mentioned $cad earlier here.
Looking at my & your (LasV's) charts, the PB is still technically valid as it was not breached. the pseudo-BUOB is another confirmation off the 1.08 round number.
dmc,
we often encounter imperfect-shaped/imperfect-looking PA candles/bars. these should not hinder us from taking these trades. we must be aware of them, [b][color=blue]BUT [u]we must not reject, disregard, dismiss...Ignored
QuoteDislikedThe reason I am posting this is looking for the people who care about risk and really do want to trade for a living not just post up charts.
QuoteDislikedWow when I went to bed last night the USD/CAD trade was pretty close to my SL. I had two dreams last night that the trade went up 300 pips. I wake up and it is no longer in drawdown and up 230 some pips from where it was when I went to sleep.
Now if I hadn't been so fast to set my SL to BE on the AUD/NZD it would be a nice trade too.
QuoteDislikedI usually just stay with daily closes but am in the office today all day. Nice day to be stuck here as I was able to see when to get in on a couple of trades. GJ short and this one. I took a long at 1.7500on Euro/Aud. First TP has been hit at 1.7700 actually 1.7702 as my TP was set at 1.7699. This pair has been winding up for a move north it looks like. The other half is at BE now. I'd love to see this pair close as a really big BUOB now. My AUDNZD long is still paying dividends as well. It's all free money now.
Dislikednice trade on the usdcad buob h4, didnt take it cos im trying to restrict myself to take trades of daily strictly....
glad i cld join the train off a blind entry ive been working on off the daily
taken 30 pips off , now at be
sorry, cant talk about my wins only, had a small loss of 23pips on the eurgbp short earlier today, totally my fault, didnt take anything of the table....stupid me
was waiting for my 30pips pp to get hit, but came close and reveresed on me
always learning, always, trying to understand momentum, knew the eurgbp was too slow for...Ignored
Dislikedgbpjpy also looking interesting, i also see a nice bearish pin on the 8hr fxdd feed, sorry will try n edit to post other chart....
will be watching dis to see how she closes
good location of 159 ppz round no, due for retracement imo, nice space and plenty of room to drop to 154 areaIgnored
QuoteDislikedPlease stop making your posts so hard to read, no need for 10 different colors.
DislikedI see charts all day, most look good... Does anyone on here trade? If people traded and made / lost money it seems they would talk more about risk and how to manage it.
I have been doing this a long time now and it seems that most just like the feel of being right, even if they dont make money. Trading maybe a hobby or something to pass the day....Ignored
QuoteDislikedThanks supreme,
Yea I defintiely see what you are saying, just because it isnt techinically a price action bar, it is still using a price action method by seeing where these types of bars lay and what types of bars they are, to see if there is a possible trade.
Was just seeing how picky some people are. Thanks.