I feel sorry for anyone trying to read this thread through from the beginning!
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Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedMan this is so true and put more succinctly than I did.
If we don't learn from our mistakes we are doomed to repeat them. First we identify whether there was a mistake and if so what it was (easier said than done, there's a tendency in the early days to view every loser as a mistake. It's an important part of the curve to accept that losers will happen IMO). And then after that to have the self awareness to know what we were doing wrong, and then the courage to make the changes necessary to prevent it happening again.
It comes down to, as Reinhold...Ignored
DislikedNow, do you want to take some profit at minor sr and move the rest to be?
It's totally up to you, but if you trade 1k/pip, that's already nice cheque..
If price hits 4510 for the fourth time, it's probably going lower....
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DislikedI've experienced all this and more. You describe it so well I can almost taste it. The feeling when you are actually successful and you think "why do I feel scared or tentative?" I think it's partly to do with what Nelson Mandela once said about "it is not our darkness that scares us but our light" or as Michaelangelo put it "the greater danger is not that our goals are set too high and we will not reach them, but that they are set too low and we will". Or to be much simpler about it, fear of success.
We've all dreamed, played with our compound...Ignored
Disliked...
in all the reading of this thread over months, i was wondering if anyone does the following:
INstead of putting your stop to break even, do break even plus 1 or 2 pips.
....Ignored
Dislikedi believe u deserve one more monitor.. or two.. or three..
your enduro pictures will look good on them (as wallpaper)Ignored
DislikedHello!
if u are comfortable with it, why not?
YOUR trading is about YOUR thoughts & about what YOU are comfortable with.
BE + x : i do this.
mostly on lower TF trades (H1 & below).
but what i do is BE + 5 up to 20 or so, depending on what price does & how price is behaving at that moment.
if u are on capital growth mode like me, u can do this (BE + x) or
take full profit at first S/R or PPZ or
have a set TP or
have 2 or more positions to take advantage of runners.
having said that, u will notice that there are instances when a stop...Ignored
DislikedQuick Poll for you guys:
BUOB/BEOB - enter on the break, or enter at the 50% retrace?
And if you enter on a retracement - what's your bar count limit? Must it happen on the next bar, next 2 bars, etc?
Disclaimer: Yes, I know it's up to each individual trader and there is no right answer. I'm just interested to see how others take theseIgnored
DislikedHi,
I noticed this repeated price pattern on EUR/USD 4 hour chart. This is good example of breakout & consolidation...Ignored
DislikedLong GBP/CHF on the 4 hour BUOB here. Here's my take on it:
Pros:
Wide bar with close above prior high
Pin'ish looking with good spacing
38 fib retrace
Reverse divergence
Trend line break, retrace
Cons:
Minor traffic above
Not exactly at a swing low
I took the trade because the pros outweigh the cons and I like the location. I'm looking at 1.7000 before I move to BE.
My datafeed (MBT) has been flaky lately, so there is a missing bar/data. I verified it with another broker and the general movement seems good to me.
Anyone like...Ignored
DislikedAny concern regarding this Weekly/Daily Resistance????(aqua line at 1.6950)Ignored