Hello again rh674
It's a great feeling when you first start into this thread, it's like my wife in a never ending clothes shop, like a kid with a new toy etc etc.
This part gets posted quite regularly and I'm not sure of your experience, but it's definately worth the effort of reading the thread from page 1. There is actually a lot of info right there on page 1, it's a big page, lots of attachments but as Jim (James16) said to me when I first posted a few months ago "take your time and when you get a chance go over and watch the guest videos". That's on the James16 website.
There is nothing like practice and patience to help with this method.
Lots of things will get easier as time passes, for a simple method there's a lot to digest.
But, you know it's mainly about picking the best set up's, the ones with the highest probability of success, then managing them accordingly.
Things will fall into place with time (how much time is different for everybody) and you'll develop your own trading style, but I bet it's based on one or several of the traders styles here.
Good Luck rh674.
Cheers, Gov
It's a great feeling when you first start into this thread, it's like my wife in a never ending clothes shop, like a kid with a new toy etc etc.
This part gets posted quite regularly and I'm not sure of your experience, but it's definately worth the effort of reading the thread from page 1. There is actually a lot of info right there on page 1, it's a big page, lots of attachments but as Jim (James16) said to me when I first posted a few months ago "take your time and when you get a chance go over and watch the guest videos". That's on the James16 website.
There is nothing like practice and patience to help with this method.
Lots of things will get easier as time passes, for a simple method there's a lot to digest.
But, you know it's mainly about picking the best set up's, the ones with the highest probability of success, then managing them accordingly.
Things will fall into place with time (how much time is different for everybody) and you'll develop your own trading style, but I bet it's based on one or several of the traders styles here.
Good Luck rh674.
Cheers, Gov
DislikedWarm feeling overwhelmed me.
Thank you, Gov! Gov's answer, I had printed out and trying to chew it and digest it so as to not to enter a trade within traffic.
Also notice 4fun's chart.
Want to thank Jarroo. Jarroo had iilustrated the point that I totally missed out. I had thougt the pinbar is formed by 3 bars. So the entry I set was on the small tiny inside bar. At that point, Jarroo would have banked 30pips and BE the second half. And meantime I was suffering some loss.
Anyway, the USD/CAD position has been closed out with few loss that...Ignored
), i have a term for that. very very apt for those charts:
