DislikedSo basically you look for a setup on the daily, but drop down to the 1H to trade from. Daily states what direction you want to go, but trade off the 1hr.Ignored
May the force be with you.
Pipcrawler
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedSo basically you look for a setup on the daily, but drop down to the 1H to trade from. Daily states what direction you want to go, but trade off the 1hr.Ignored
Dislikedadidas on daily.
ads shows weakness now. broke through the 50 eur, but closed (little) below and didn't move further. divergence on macd. volume decreasing, means that buyers are not interested in the upmove. may see 47 - 48 eur before further upmove..Ignored
DislikedHey Adilius and thanks for your reply. I can now maybe help you a little bit back I have AlpariUK Micro account. As a broker AlpariUK has not given me any reason to be unsatisfied with their services. I trust it as a high quality broker in London. I´m having now 28 FXpairs and Gold spot. Maybe classic or pro accounts are different in terms of CFDs.. Anyhow, I´d recommend
NucIgnored
DislikedJust a couple of thoughts/rambles---- I meant to mention this earlier when responding to Spookie I think it was....we all have heard that this can be a real head game at times questioning should I enter this setup, where is my stop to be placed, where is the FTA's, position size, time of day, when to move my stop,etc., etc.....I don't know if this may help anyone, but I say to myself....and I know when you first begin it is often difficult since many of us come here with blown accounts and a paranoia of entering in fear of blowing another account....Ignored
Disliked..The next up and coming guy is xmz. I don't know where he came from, but he has learned this system with Benji and Ghous like speed!Ignored
DislikedBingo, you don't want to be trading against the higher-TF PA. As I told before my style is that I never trade a clear break of the higher TF PA. My objective is to find the most optimal entry point, optimal in the sense of minimizing intial drawdown and thereby my initial risk which can be only achieved by swithing to a lower TF for a entry trigger. Every setup has its optimal entrypoint, my objective is finding that optimal entrypoint. Due to my profession I've to deal a lot with mathematical optimization problems, for example designing a power...Ignored
DislikedYes makes more sense. I've been following your trades and have been quite impressed with your method...Ignored
QuoteDislikedMany times I would kill the trade early only to find it reverse and would have made a decent profit.
Dislikedif u get nervous while in a trade, i think it's either u are not confident of the setup &/or your position size is not in sync with your risk profile/trading personality.
either improve your trade management or let it go (to reduce/avoid "stress"/overthinking) as it is normal occurrence.
try out the way xmzhang trades... but u must realize that the way he trades may not be in tune with your trading style/personality.
try it out & see how it goes.Ignored
Dislikedif u get nervous while in a trade, i think it's either u are not confident of the setup &/or your position size is not in sync with your risk profile/trading personality.
either improve your trade management or let it go (to reduce/avoid "stress"/overthinking) as it is normal occurrence.
try out the way xmzhang trades... but u must realize that the way he trades may not be in tune with your trading style/personality.
try it out & see how it goes.Ignored
DislikedBingo, you don't want to be trading against the higher-TF PA. As I told before my style is that I never trade a clear break of the higher TF PA. My objective is to find the most optimal entry point, optimal in the sense of minimizing intial drawdown and thereby my initial risk which can be only achieved by swithing to a lower TF for a entry trigger. Every setup has its optimal entrypoint, my objective is finding that optimal entrypoint. Due to my profession I've to deal a lot with mathematical optimization problems, for example designing a power...Ignored
DislikedHi Jaroo,
I am long based on that poodle pin bar at the moment, holding tight with SL at 9945Ignored
DislikedBingo, you don't want to be trading against the higher-TF PA. As I told before my style is that I never trade a clear break of the higher TF PA. My objective is to find the most optimal entry point, optimal in the sense of minimizing intial drawdown and thereby my initial risk which can be only achieved by swithing to a lower TF for a entry trigger. Every setup has its optimal entrypoint, my objective is finding that optimal entrypoint. Due to my profession I've to deal a lot with mathematical optimization problems, for example designing a power...Ignored
DislikedThe one on the Daily? The size of that one is not that bad, but the location is a poodle . .better to have that at swing low.
As a continuation bullish PB, it was running into a good looking PPZ level at the 1.0070ish not to mention the previous bar Highs. Price did make it to that level/ zone off that PB. A tough trade unless you played a retracement off the 1.0000 (chart 1)
Price broke through the 1.0000 that was acting as Support. Fib retracement levels are lining up with these previous Support level which I will look for them to turn into...Ignored
DislikedAgreed, XMZ took to the J16 method like a duck to water and is a Great example for us newbies to follow.
Yes, SC. I think he has great clarity in how he analyzes setups, and he is consistent with it, and this is probably due to his analytical skills as an engineer.
I hope XMZ will post a little about the routine, he goes through in every trade, I mean the order he does things.
Personally, I feel I am failing a little in this area, and my mind can often be all over the place in analyzing a setup.
Got to make it more mechanical and less emotional,...Ignored
DislikedGood to see you still sticking around and kicking with 9,572 posts my dear friend http://cdn.forexfactory.com/images/s.../yim/happy.gifIgnored
DislikedHey Jarroo, how about this 4H-BUOB @ 8400 of E-G ? Entry on a pullback, a nice BUOB on the 10m-TF at previous bar low was my buy trigger. Closed 1/2 position at the important PPZ @ 8450, lets see if she is able to crack the 8450 ......Ignored