I know this don't hold much meaning...
index and forex temp out of correlation as well...
index and forex temp out of correlation as well...
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Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedSome hints on what I do now on the 4hr, to me it's all about getting a long term winner when we have a trend. I posted a few days ago that it looks like we are starting to trend again and we did. Here is a chart of one of the treades that I am currently in and how I played it. Also I used the 1hr last night to try to get a better fill but that takes too much time and is really not worth it to me so it's 4hr only for add'ins on a trade....
Also Most ppl look for the huge pins, I look for the small ones due to not needing a huge move to make money...Ignored
DislikedYes, Sp, all that u said and i also mean most of all the big ones, like NFP; BOE; FOMC etc.
While u were backtesting for example a nice pin bar and then price went strongly and directly to your TP..
Did u went back to see if that day we had some big release, and then proceed to delete that trade from the backtest results because when trading live, you know you are not going to trade news?
Most people don't do that, and if you traded news on backtest and you don't do it when trading live, you are just trading a different system that the one you...Ignored
DislikedHi Ryan - I'm glad someone managed to catch some pips off yesterday's monster yen moves. I have a couple of questions about your trade:
1. At what point did you decide yeah we're now in a down trend?
2. To be fair that is a crappy little pinbar, there also was no divergence and you were trading right into the 95 big round number/PPZ. So what was the determining factor in your decision to enter short? Was is that you had already decided we were in a down trend and that the PB almost touched the middle BB?
Cheers
SimonIgnored
Dislikedhey Matty, you make a good point here. I did once try to map out the news on some charts but it wasnt really benificial as i remember. I dont think the suprises come that often to worry too much and even then in a bear market, unexpected good news doenst seem to make much difference to the market sentiment(unless of course its somwthing major or an intervention) where as if you are already short bad news can make you a killing!
I know there are many traders who ignore most of the news and the ones i have spoken to believe the market is usually...Ignored
Disliked.................Just because some traders skip news days, doesn't mean i'm going to do it too if it makes no sense to me and the work i did.
Cheers
MatIgnored
DislikedJames in no way has to justify ANYTHING to you - come on here say you are not attacking yet you make judgments based on reading ONE page ???
Are you serious !Ignored
DislikedNice to see you Matty, hope everything is going well for you.Ignored
DislikedThanks for all your replies to my question. It seems like few people understand my intentions. I'm still sceptical but also ready to dig in into this thread.
P.S.
I hope you folks are right.Ignored
DislikedHi Ryan - I'm glad someone managed to catch some pips off yesterday's monster yen moves. I have a couple of questions about your trade:
1. At what point did you decide yeah we're now in a down trend?
2. To be fair that is a crappy little pinbar, there also was no divergence and you were trading right into the 95 big round number/PPZ. So what was the determining factor in your decision to enter short? Was is that you had already decided we were in a down trend and that the PB almost touched the middle BB?
Cheers
SimonIgnored
DislikedYes, Sp, all that u said and i also mean most of all the big ones, like NFP; BOE; FOMC etc.
While u were backtesting for example a nice pin bar and then price went strongly and directly to your TP..
Did u went back to see if that day we had some big release, and then proceed to delete that trade from the backtest results because when trading live, you know you are not going to trade news?
Most people don't do that, and if you traded news on backtest and you don't do it when trading live, you are just trading a different system that the one you...Ignored
DislikedThis is Entirely My Own Opinion, unsolicited from anywhere.
Do I think J16 is doing this for Money?
Absoflogginlutely NOT.
sorry Jim. but I know you would never have said this & I felt it had to be said. I'll sit down & be quite now with my pencil in hand.
What's Up...
Shhh. I know he's on vacation. So this post gets to soak for a while.Ignored