Thank you jduster..I don't use metatrader I have accu charts fron fx sol.
I hope this works for them.
I hope this works for them.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHi
i think i read somewhere, that you from Karachi, my parents were born in Karachi and then moved to the north, Kharian and Lalamusa (Lahore side), ive been pakistan once in my life time, and it was way to Hot (47C) even on some days it streched to 50 51, walking on the ground in our house with bear feet, it would burn your feet instantly, Hmmmm maybe i went on the wrong side of the weather i went in May am defo going again did love the place.
sohailIgnored
DislikedHello guys.
I read a lot of post about how important it is to move SL to BE as soon as first S/R level is reached. The problem is that I'm stopped out at BE very often with this approach.
BE looks like artificial level to me, so if we use PPZ for entering our trades and for PT projection, isn't it better to hide SL behind next S/R level instead of immediate moving to BE?
Thank you
alterIgnored
DislikedBeing stopped at BE is part of this business and happens a lot if you're ultra cautious. You can minimize it by being very picky with your setups or as you mentioned, keep sl behind previous s/r. Just be prepared for drawdowns if you use second approach. I don't mind being stopped out at BE, but I'm really happy If I catch a good trade, like g/chf last Thursday or g/j on Friday. With g/j, I simply set buy order above daily pin and set tp 100ps higher where I expected price to have some difficulties. When I woke up and checked the trade it was already...Ignored
DislikedHi Giusepp8..I am relativly new..I am looking for some feedback on my process of analysis..I'm not sure what you meant by great joke..I'm looking for feed back..if I'm missing something..or not seeing clearly in my process..I do need help!Ignored
DislikedUhh. a little confused. You posted a 4Hr chart showing 17 Bars that formed a Daily Pin. 17*4=...
OR
were you refering to the Long Tail Low Candle as 'the Pin'?
Nice Trade though.Ignored
Dislikedapologies for lousy job with rectangle. if should be 6*4 or look like below.
4hr was shown to make next res zone stand out little better. Since it was friday, there was no intention to marry the trade.
.Ignored
DislikedNo no no .. exscuse me it just came sponteaneously 'cause of all the indicators on your charts ...
No offense implied, just take the indi off you'll feel better.Ignored
DislikedHi Giusepp8,
...
I have to say I am afraid to trade without the indicators...maybe this is the problem.Ignored
DislikedI know your TP was 100 pips and you had 0 drawdown, but I'm curious as to what you had your SL set as?
thanksIgnored
DislikedHi Giusepp8..I am relativly new..I am looking for some feedback on my process of analysis..I'm not sure what you meant by great joke..I'm looking for feed back..if I'm missing something..or not seeing clearly in my process..I do need help!Ignored
DislikedHi StarChild,
First of all - YOU ARE AT THE RIGHT PLACE TO REALLY IMPROVE YOUR TRADING SKILLS. ...
Finally, people here are just great and extremely kind, you can ask anything you want that you will get an answer from the James16 masters...
Happy trades and remember - this is a marathon.
Hope this helps you. 3 months ago I was where you are now.
Regards,
Miguel
P.S. - Read everything you can on this forum and follow this thread too - Silent Service Method. Clockwork is a James16 excellent teacher.Ignored
DislikedVery well said - Clockworks thread is amazing, so much to learn so little time. I really like Wayne Jacksons thread over at Jacko's Forex House of Pleasure and Pain.Ignored
DislikedHi StarChild,
First of all - YOU ARE AT THE RIGHT PLACE TO REALLY IMPROVE YOUR TRADING SKILLS. If you are new to forex or trading and just started being around the forums don't waste the luck you had to find this place. Or you will come back later with a smaller account.
This was how I started to understand James16 method and study it each day with more interest since then.
1 - Forget the old charts. Just delete them all.
2 - Open new charts, naked of indicators. I just have macd, to look for convergence/ divergence. I don't give too much...Ignored