DislikedNo this one hour has nothing to do with predictions checkout some previous times of NFP release.Ignored
Price still does what you expect no matter what get it to move.
Ben
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedNo this one hour has nothing to do with predictions checkout some previous times of NFP release.Ignored
DislikedBy the way, not sure what news mean to you, but that large news bar done exactly what I have predicted one hour earlier. Check my chart with the orange prediction of where price might go. It pulled back exactly to the level I have pointed out, and shot down to the last level, like my prediction line pointed out.
So I didn't get frightened when it pulled back. There will always be pullbacks to recent support that was broken and now should be resistance.
Now I am close to 5R in this trade and price continues to go in my favor. During the time I...Ignored
QuoteDislikedleaving the A1 levels to hold the fort.
DislikedDuring the time I am writing this post, price broke the last support line in the area. I am no waiting for the pullback and hopefully shoot down.Ignored
DislikedYep, it happened. ok so price pulled back, ans almost touched the resitance - rejected (shot down) and formed a pin bar.
I have moved my stop a few pips above this resistance and letting it run.
BenIgnored
DislikedYep, it happened. ok so price pulled back, ans almost touched the resitance - rejected (shot down) and formed a pin bar.
I have moved my stop a few pips above this resistance and letting it run.
BenIgnored
DislikedHey Benji,
Quick one on news:
James avoids it like the plague. Mike too.
The only thing I pay attention to is the fact that the first Friday of the month is NFP day. NFP tends to trigger big moves so I just stay clear of too much intraday action around that time. Dailies/weeklies I just trade as normal.
I used to ignore bars created by NFP because they weren't "real". Mike put me straight on that. He cares not how the bar was created. He just trades his charts as he sees them. He traded the big bars after last month's NFP and made bank.
The...Ignored
QuoteDislikedGreat work Ben. Round numbers, breakout trading...are you sure you haven't been looking over Mike's shoulder while he trades?
DislikedHey guys, just wondering in GOld and Silver, when we say we set our entry 10 pips above the high for entry - How much is it for Gold and Silver should I set it away from high?Ignored
DislikedWell for me it depends on the spread. Generally 40-50 pips so I like to set it about 50 pips above the high not counting the spread.Ignored
Dislikedknocked me out of my uj trade and i had it around the neck.
im still not going to pay attention to the news.
IM NOT IM NOT IM NOT.
NEVER NEVER NEVER EVER EVER EVER.
its a dead end road and at the end its bleak and the scenery sucks.
trust me.Ignored