Guys I have a problem...I draw too many PPZs, I have weekly and monthly pivots plotted on my charts, and am a fib retracement maniac! Any advice on what to draw/not to draw? Horizontal lines are everywhere
Hindsight is 20/20
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedGuys I have a problem...I draw too many PPZs, I have weekly and monthly pivots plotted on my charts, and am a fib retracement maniac! Any advice on what to draw/not to draw? Horizontal lines are everywhereIgnored
DislikedAnd so many IBs today too.... but now I look some more.... all against the trend it seems.... I like the triangle on GBP/USD.... I will see if I can lose some pips there instead...Ignored
Disliked... lol... I don't know. I would certainly take some profit around 9940/60 and move my stops as this is resistance area.. . But then again, It's just me, and I'm not trading forex for fun or treat it as some sort of video game. For me, this is serious business, where you can improve the way you live and make serious money. That's all.
Trading doesn't have to be difficult. (hint: chart below)
many pips.Ignored
DislikedHi guys,
Like you know, I'm new to this thread. Pls do me a favor and have a look at the chart. I wondering if I see these setups correct.
Just for info: I added a 21EMA and 89SMA purely to be able to define the trend. I actually borrowed that concept from the very popular 4H MACD strategy on FF.
I'm awaiting your feedback.
Regards
WernerIgnored