Dislikedjust look at USDX chart and see why,and pull a TL betwen the close lows from around 74
it may be 180 degree turn around tomorrow, but we are on the NFP week so anything can happen
all the best!!Ignored
Thanks
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedjust look at USDX chart and see why,and pull a TL betwen the close lows from around 74
it may be 180 degree turn around tomorrow, but we are on the NFP week so anything can happen
all the best!!Ignored
DislikedTriger - where can I see a USDX chart - none of my platforms has it.
ThanksIgnored
DislikedTriger - where can I see a USDX chart - none of my platforms has it.
ThanksIgnored
Dislikedthat really sucks man..... that was an A+++++ setup in my opinion... I cannot believe how it acted!Ignored
DislikedJust to give the flip side as an opposing view for those out there. My view yesterday was that this wasn't a great swing high(ie traffic didn't put in a nice retrace). Location of the rd number was nice with previous support there but the bar itself was small, and only engulfing one bar at such a deep swing low doesn't present enough info in and of itself.
Again that doesn't mean it doesn't fit into yours or anyone elses methods. Just thought I would give a different take since there were a lot of people asking me about it yest.
Best
MikeIgnored
DislikedThat's interesting.... I just see it as we have had these opportunities exactly the same as this one in the recent past (break+retrace to BRN+PA in a very strong downtrend), and now this one failed miserably. I'm lucky to have not gotten into the trade I guess. I did note the bar high to the left, and that was why I placed my order a bit lower than I would normally tend to do.
I would say this was a big confidence killer in my trading pursuit here....Ignored
DislikedHi there,
It is teh Stratman mini chart indicator that you can find in this thread: http://www.forexfactory.com/showthread.php?t=198729
Let me know if you need any help.
NosIgnored
DislikedI don't know what MT4 feed provide it, I look at it over the internet
just google it:- usd index chart and you will find plenty of it.
PS: if anyone knows which broker had this instrument I'll be glad to knowIgnored
DislikedJust to give the flip side as an opposing view for those out there. My view yesterday was that this wasn't a great swing high(ie traffic didn't put in a nice retrace). Location of the rd number was nice with previous support there but the bar itself was small, and only engulfing one bar at such a deep swing low doesn't present enough info in and of itself.
Again that doesn't mean it doesn't fit into yours or anyone elses methods. Just thought I would give a different take since there were a lot of people asking me about it yest.
Best
MikeIgnored
DislikedNo way dude! The fact you placed your sell lower and didnt stick to a fixed rule tells me your further along then you might know! That should be a confidence bulder. Again your analysis isnt necessarily wrong and mine right. It comes back to the trader and mehod. So I hope you take this as a good thing and those out there who always ask about buffers can see why I dont have a fixed buffer also.
Best
mikeIgnored
Dislikedmy bread and butter is definitely the 1hr and 4hr, and I am even more strict on the daily and weeklies. So haven't had many there. I believe 2 daily trades all year so far.
Best
MikeIgnored
DislikedI don't know what MT4 feed provide it, I look at it over the internet
just google it:- usd index chart and you will find plenty of it.
PS: if anyone knows which broker had this instrument I'll be glad to knowIgnored
Dislikedgood point bro.... I think the problem was that in my mind I could already taste the profit from that trade, so it's like someone took away my ice cream when I had already started eating itIgnored
Disliked2 daily trades all year Mike? Doesn't fill me with confidence that one of the daily trade trainers has only taken 2 daily trades this year, and his bread and butter is the hourly and 4 hourly....Ignored
DislikedYour input is always much appreciated mate. I am still on that trade by the way. Avoided SL by 5 pips.
I have been reading this forum for 5weeks and demotrading for 3 weeks . I had 8 trades.All daily charts and all winners.A little too lucky maybe. My deal was to TP half of the position at fta and move the stop to breakeven. And they all went to first fta then stopped out. But this one single trade my take all my profit.
With all that being said what would you suggest me to do. Am I being unpicky. Also say yu took that trade, where would you...Ignored
DislikedWell that really isn't the fully story. Over the years I have simply got more picky on all things trading. But that doesn't take away from what learning to trade of the dailies and weeklies does for someone. Learning patience, developing an actual method, instead of just trying to watch every chart for pinbars etc. I always mostly traded 1hr and 4hr, but I can see now looking back how much benefit one can get from starting slow and being real picky. I wish I could tell myself that 5 years ago lol. Even with watching 1hr/4hr/daily/weekly I still...Ignored
DislikedExperience is the best teacher brother. Being picky is the best way to not allow the teacher to spank ya while you're learning...or something like that lolIgnored