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Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI agree 115% with this. Also, I would add this as well:
"Who in the hell wants to actually sit in front of a computer for hours on end?"
Not me. But I found that's what happens when you scalp, or trade short time frames. (In general.)
It's about making a profit....nothing more.
ClockworkIgnored
DislikedI like to play high probability setups , even those on m1 and i like to sit at my computer watching charts all day.Ignored
DislikedAhhhhh......we said "Higher" probability trades Greenhaze ........ lower blood pressure and more beach/leisure time too I'd presume
Seriously.....if you are starting out trading price action, take Jim, Chris and Mikes advice and start on at least the daily on a demo. At the very least you'll learn the art of patience.....and that is probably the most important thing you can learn.
With the higher timeframes come higher probability trades.....and that..... if you are starting out is a great confidence builder.
Thats not to dismiss the...Ignored
DislikedAnd while following this well outlined actioan plan by Tehuringa, don't be surprised if you decide to replace your temporary hut into a fully built forever palace on the higher tfs
When i started out abt a year ago there was nothing better than the super action of the 5Min, if memory serves me correct it was like watching the "the dark knight" a year before release...
Today I don't like anything better than hanging on to trades for as long as I possibly can on the higher tfs...
Little did I know that fulfilling the "minimum requirements"...Ignored
DislikedG/U is hanging on the 1.5100 support. Double high with divergence is giving a clue about further down move if it will break the suppIgnored
DislikedI am still biased on the bullish gear
Not to throw away the 4H setup, but looking at the daily and weekly, i still feel we have room to go up.
the region defined by 1.525 - 1.54 is bound to offer some resistance and i was and am ready for it
Happy trading,
Regards,
Ghous.Ignored
DislikedAlas it is with a sense of dismay that I had to cancel my subscription to the James16 pf....cutbacks at work make a layoff for me look inevitable.....so am trying to conserve in advance......hope I dont have to close small live accounts as well.....but I must say that I really enjoyed what I was seeing explained there......Not so much as new information to me....but a further confirmation to me that the way I am approaching forex trading is the way it should be done.......when I see James and the others taking trades at the same time and for the...Ignored
DislikedLittle did I know that fulfilling the "minimum requirements" set out by Jim for this business would take my trading to the level where i always wanted it to be. I tell you, golden stuff this
Minimum Requirments
Regards,
Ghous.Ignored
DislikedI don't get the bullish 'feel' from Cable. Note the descending Trendline on the Daily. The price has broken through twice but has failed to close above the trendline. Also the Friday IB is bearish.
May be best to just play the break of the IB, long or short but my bias at the moment is short.
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DislikedI bought this candle ( if pic shows) only to be stoped. my question is how do you know? when to go long or short? i can snap a million lines? I was on the 4 hr as well. ThanksIgnored
Dislikedwish i knew a way to have this greet every new person to this thread.
if i could just convince all of you to do this you would have a real chance at your dream/s.Ignored
Dislikedthis post means a lot to me. ive tried hard to do right by people since this ship sailed and i get mostly kudos but im human and i need to hear this from time to time. look for a PM JimIgnored