DislikedRac, you need to make a J16-remix. Take him saying "This stuff is dirt simple folks" and put some dance music in it lolIgnored
It's been corrected, but without music. FF won't allow it..
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedRac, you need to make a J16-remix. Take him saying "This stuff is dirt simple folks" and put some dance music in it lolIgnored
DislikedGreat question Jon,
You are correct on the expected R:R... I have not tested really on letting that last 1/3 just run (leaving stop at B/E)...
Let's think about it... if we change the last 1/3 to say tp at 5R... My trades so far are all coming off the daily/weekly chart....Ignored
DislikedI know this chart is already in this thread, but I wanted to my best trade of the week, after having survived a retracement close to my Stop loss to the pip last night
300 sweet pips in one trade following simple rulesIgnored
DislikedIbfx feed left a nice day pin I like that it closed below 7900. The weekly pin 2 weeks ago high wasnt breached and last weeks bar was to me a tug-a war bar undecided so this could be a chance to get short. Some decent 4hr resistance at the 61 fib level. Got back from Vegas a bit ago how about those Lakers they helped pay the wayhttp://www.forexfactory.com/images/icons/icon7.gifIgnored
DislikedI've been a lurker for the past two weeks, stumbling across this thread by accident, been trading FX about a year- blown one account already, and feel that if anywhere, it will be here that I finally turn the corner. I wanted to take the thread's birthday as an opportunity to say hello and wish everyone here another fantastic four years.
The spirit of generosity and kindness of people on the thread, and the wealth of knowledge here is amazing. Well done all!
CarlIgnored
DislikedHello guys
what do you think about this H1 failed PB on EURUSD?
Jduester, nice trade on EURCAD, I took the same trade , but was stopped out as my SL was below left eye. The same as with GBPUSD weekly PBIgnored
DislikedHello guys
what do you think about this H1 failed PB on EURUSD?
Jduester, nice trade on EURCAD, I took the same trade , but was stopped out as my SL was below left eye. The same as with GBPUSD weekly PBIgnored
DislikedHey Alter you gotta be careful there, see how the close is not within the previous bar. These closes are important clues for us.
Best
MikeIgnored
DislikedHi Alter,
I am not as experienced as many of the guys here but my own take on why I personally passed on that bar (EUR / USD) was;
- close of the pin was above the high of the previous bar. Only by 1 pip but above and therefore marginal for me.
- I had my next resistance area marked on my chart at 1.3932, so the bar stopped too soon for me.
So for me marginal, so I passed on it. Hope that this helps. I would be interested to hear a view from the more experienced traders.
Best regards & Happy Birthday from me as well. I am one of the many...Ignored
DislikedMike I have close of the PB at 1.38859 and high of the previous bar is at 1.38850 so difference is less then 1 pip. But it is PB by proxy isn't it?Ignored
DislikedYes it was not the best setup, normally I don't take H1 trades but I had 2 loses on EURCAD and GBPUSD, so I took it.Ignored
DislikedAgain been here too Alter, this is the worst thing ever to do. Revenge trading is absolute account killer. And I can guarantee you everyone reading this thread that has been around awhile has done it. You have to resist at all costs, losing a few trades, and then dropping timeframes just looking for something to trade. It usually goes like:
"#*@* 2 losses in a row, wtf!"
"let me check out the hourly"
"oh there is a decent looking pin, i'm getting in with a bit more to get back my losses"
"#*#*#"
This is NOT to mock you. Please understand...Ignored