I believe . . .
DislikedI started live trading last July and kept my head above water but just couldnt attain any consistency. I stopped for two weeks the end of Nov to analyze what my problem was, and as luck would have it stumbled onto this awesome thread.I wanted to keep this game fun and profitable at the same time so this is what I did.I cut my account size in half and re-did my charts this time only plotting major mn & wk ppz nothing else.My previous charts kept gathering more clutter and all that did was clutter my brain.I cant see through a dirty windshield nor...Ignored
just wondering if anyone here trades the daily TF on the 6 majors only? (EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD) If yes, do you find enough trading opportunities?
DislikedWell that seals it. I'm using my FXpro feed. The pins you point out on those three charts stick out like sore thumbs with them. With IBFX, nothing to see...Ignored
DislikedWell here's my IBFX Daily. I see what I think is called a (BEOB??) but not a pin? And I was watching these all day yesterday but wasn't sure how to act on what I saw. Looking for those pins. Am I wrong here and maybe need new glasses??...LOLIgnored
DislikedTechnically that isn't a BEOB either because we ignore the sunday bar(which is the bar before it). So that would just be a big BEB, unless you choose to use the sunday bar then it would be a BEOB(but James ignores them).
DislikedIt's something you'll need to get used to Jellybean,
I get to check my daily charts at least 5 hours after the close, and so yes I'll miss a few setups too, I missed the Nu short today but I've stopped cribbing and whining over it,
If you want you could set alarms at the time your daily bar closes but you'll be disturbing your sleep so to say....I on the contrary don't feel the need for any such acts, It's fine if I get to miss a setup (an 8 hour sleep period is more important to me) I do end up taking "most" so it's not a problem...Ignored
DislikedI have been watching this one as well. I actually saw it from a differenct perspective though. If it closes at or near where it is at, it looks to be a DHLC or BEOB depending on your feed and the high of the 2 bars. I can't post a chart right now, but it also appears to have broken a daily TL to the downside.
I guess an argument against this is that it isn't at a swing high, would that be correct?
Any thoughts on this scenario?Ignored
Dislikedcareful here billy based on your charts (as is). The first one is a neutral bar(open and close in middle of bar shows indecision). And the second is neutral with more of a BUOB look if it closes high(has a lower low, and higher high then previous bar).
Disliked% gain is relative to your trades selection and discipline. I don't pressure myself to do 1 or 5% every month. Whatever comes, I'll welcome it. I don't necessary agree with some comments I've read in the past, what's good and what's not, but everyone is entitled to have an opinion....Ignored