DislikedHi All,
Are there any quick methods to find gaps on all pairs?
Cheers
RobIgnored
I have all my pairs open on 3 monitors so I just scan em real quick. They are obvious and easy to spot when they are big
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHi All,
Are there any quick methods to find gaps on all pairs?
Cheers
RobIgnored
Dislikedwatching from hindsight, it would be better to trade 2D PB and leave more room for a trade.
I would like to ask about my last losing trade, that was AUDJPY with BEOB at BRN=80, additionally counfluenced with 38 fibo line. I had a sell stop order waiting 10 pips under BEOB, price hit it, went down 4 more pips and reversed.
What things in your opinion should stop me before taking this setup?
regardsIgnored
DislikedBesides that the setups was far from being an A+ setup, I see no other critcism to how you saw and managed this trade. The PB had supporting confluences, although very small. A clear strong target, 1.0500 BRN at a PPZ level.
Once the target was hit, you can see what the aftermath that would have been if the tight management was not applied. Well done, sir.
Others, I'm sure, would have been slaughtered.
The higher quality A trades are so much easier.
JimIgnored
DislikedHey O
The reason I would pass on this one is the size of the bar. Jarroo correctly pointed out your trouble area you are trading right into, but for me this is an easy pass. Bar size and engulfing just one prior bar is enough to disqualify a setup. Like Jarroo pointed out with the USD/CAD
here is a trade I am in today as a continuation bar and watching now to close out depending what happens down here
Best
MikeIgnored
DislikedHey O
The reason I would pass on this one is the size of the bar. Jarroo correctly pointed out your trouble area you are trading right into, but for me this is an easy pass. Bar size and engulfing just one prior bar is enough to disqualify a setup. Like Jarroo pointed out with the USD/CAD
here is a trade I am in today as a continuation bar and watching now to close out depending what happens down here
Best
MikeIgnored
DislikedSo some of you will be curios why i am not in the contest list.
Well EG have blown me.
From the past 2 months i was having a huge success and i was gaining confidence. But i didn't knew when this confidence was developed into
overconfidence.
So i saw the EG pin got in and was stoped out. When it reached .9000 i went short again and it kept on going up. Then i shorted again at 9024 and 9060. It kept on going up and up i was adding to my shorts. When it reached 9100 i said ok thats enough and i added a bit more and then it hit 9150. I made...Ignored
DislikedAs I said before, your other side of the brain gets sick of you winning and wants you to use it, it's true too. self sabotage is huge and that is why when I said that trading changed my way of life, this of it like office space when he was put under that spell and he does not care anymore, that is me 100%. I am always happy and have a smile on my face because I can now control what I want to do and not just in the market. This is the area I got stick in for a while, I was losing a lot with bad stops or whatever then said screw it if I lose so much...Ignored
DislikedHey O
The reason I would pass on this one is the size of the bar. Jarroo correctly pointed out your trouble area you are trading right into, but for me this is an easy pass. Bar size and engulfing just one prior bar is enough to disqualify a setup. Like Jarroo pointed out with the USD/CAD
here is a trade I am in today as a continuation bar and watching now to close out depending what happens down here
Best
MikeIgnored
DislikedAs I said before, your other side of the brain gets sick of you winning and wants you to use it, it's true too. self sabotage is huge and that is why when I said that trading changed my way of life, this of it like office space when he was put under that spell and he does not care anymore, that is me 100%.Ignored
Dislikedyou just have to know 100% that you are NOT going to trade off of emotion and that is what you did. If I even have a bad day or something is off and I say screw it I am just going to take this trade, I stop myself and call it a day because I know if I start going in like that it will be a VERY bad day.
Now when I trade I don't hope for money I know I am going to make money and I know I deserve it and me and this market "the rabbit" are going to have a damn good time doing it.Ignored
DislikedRyan,
You do know we are putting a new coversheet on the TPS report, right?Ignored
DislikedBe like that guy in office space and enjoy your millions. I have good friends that tell me I am just like that guy before that movie even came out. The only downfall to it is with the females, sometimes they feel your don't have enough emotion because if you don't go crazy when they do they feel you don't care LOLIgnored
DislikedYou are very lucky that you've never ran into a woman that made you want to drive your car into a wall.
Mike Judge made another movie recently "Extract" that is pretty good too, nothing beats office space though.Ignored
DislikedAs I said before, your other side of the brain gets sick of you winning and wants you to use it, it's true too. self sabotage is huge and that is why when I said that trading changed my way of life, this of it like office space when he was put under that spell and he does not care anymore, that is me 100%. I am always happy and have a smile on my face because I can now control what I want to do and not just in the market. This is the area I got stick in for a while, I was losing a lot with bad stops or whatever then said screw it if I lose so much...Ignored
DislikedTrue, true.
What surprised me about it all is that it takes time to recognize 'issues'. Reading a book is great, but until that 'moment' happens, nothing is really clear.
What I am ready to learn today, is today's thing. I am not ready for tomorrow until that time.Ignored
DislikedHelp!!
I started demo trading about 9 months ago using J16 price action and after 3 months profitable trading finally opened a a spread betting account and went live last week.
[size=3][font=Calibri]Because it’s not possible to split a position within a single trade and take some money off the table my rules specify that when appropriate I take two separate equal sized spread trades on each position with the same entry and stop loss. This allows me to set an early target...Ignored