Bundy's status today: "Waiting..." ![](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
DislikedWoohoo! Yen pairs looking to tank.
Looks bad for my NZD/JPY trade but! LOLIgnored
DislikedI'm not too worried about my WoollyNoodle long going bad. Currently short on 3 other yen pairs anyway. LOLIgnored
DislikedGood to be back mate.
Have kind of lurked occasionly. Family business got very busy mid year (our peak season) Couldn't find the patience for a while.
Took a while to get back to the swing of the charts again. Isn't it amazing how much you rely on having a 'feel' for the price action on top of your knowledge?! LOLIgnored
Dislikedi took EURUSD with was double pin at NF and BEOB at Interbank. Took profit on half at 14655. Stop was above 14950... bad rr.
that was too much wrong?Ignored
DislikedI also saw this 2-day pin. Short entry on a 50% ret of pin at 1.4850 and T/P 1.4700 for a profit of 150 pips. S/L at top of pin, 1.4921. In retrospect I could have let it run a bit more, as daily low hit below 1.4600.
Also, quick question on risk/reward ratio. My stop covered about 75 pips and my T/P 150 pips. So would my RR be 2:1? (The way I see it, every pip of potential risk there are 2 of potential reward.... but I'm not sure.) Also, what do people recommend as a good risk/reward ratio?
Any feedback is welcome, be it positive or negative.... this is only my 2nd week paper trading. Great thread, I've already learned so much!Ignored
Dislikedi hope that means downwards..
i also think so
yes - now i am sure it will
anybody??
http://www.forexfactory.com/showpost...postcount=8741Ignored
Dislikedi like it...
i think it will be a strong one as well..might hit resistance at 1.4300
but lets wait and see..
btw - all JPY's are not going to make the PB in my opinion.. simply because it wont - it will just retest the support areas it has now crossed..
again - thats what i think - lets wait and see..
Happy TradingIgnored
DislikedI also saw this 2-day pin. Short entry on a 50% ret of pin at 1.4850 and T/P 1.4700 for a profit of 150 pips. S/L at top of pin, 1.4921. In retrospect I could have let it run a bit more, as daily low hit below 1.4600.Ignored
QuoteDislikedAlso, quick question on risk/reward ratio. My stop covered about 75 pips and my T/P 150 pips. So would my RR be 2:1? (The way I see it, every pip of potential risk there are 2 of potential reward.... but I'm not sure.) Also, what do people recommend as a good risk/reward ratio?
QuoteDislikedAny feedback is welcome, be it positive or negative.... this is only my 2nd week paper trading. Great thread, I've already learned so much!