DislikedWhat I like most about the J16 thread is th nasir.khan signal service/trading room!
K.I.S.S.Ignored
nasir don't be embarrassed
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedWhat I like most about the J16 thread is th nasir.khan signal service/trading room!
K.I.S.S.Ignored
DislikedI think this might qualify as a mike break out trade. Correct me if im wrong please. Clean TL with a break south. Already broke the TL and retraced to give us a nice pin on the 15min.Ignored
DislikedI would give more weight to the 90.50 PPZ area (best seen on 4H) than the TL to be honest...this area has acted as a price pivot a few times.Ignored
DislikedWhat could go wrong here??
Nothing i think.
Look at the size of previous three bars comparing to the current one.
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DislikedWaiting to have a large account to do what you lay out may be the kiss of death. Small accounts MUST take an A+ approach, or it will never grow.
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DislikedVERY NICE J.
i saw your post after i sent this out. after seeing your post i thought i would go ahead and post it here.
there is a reason why jim thinks like i do. he has been riding with me for a while and we are both conservative minded.
jimIgnored
DislikedI don't monitor this pair, but that's as easy it as it gets in terms of a setup...you can set the entry, stoploss and take profit and walk away with the knowledge that you have a high chance of returning at some point with pips in the bank.
I would highly recommend that anyone beginning their venture of trading price action setups go back over their charts and look at previous setups and identify where the first trouble area is - do this over and over again so it becomes second nature. Keeping a record off this is a good idea IMO too i.e. noting...Ignored
DislikedHi James16,
I must say i am one of those who took this trade, watched it get to the first Support Area, 1.0550, moved S/L to just below entry and left it to run hoping it would go south further........unfortunately came back and found S/L hit...i really cursed and cursed and cursed............WHY?...Ignored
QuoteDislikedI would highly recommend that anyone beginning their venture of trading price action setups go back over their charts and look at previous setups and identify where the first trouble area is - do this over and over again so it becomes second nature. Keeping a record off this is a good idea IMO too i.e. noting the date, pair setup, where will price go...where did price go (Jim did a thread on this in the PF from memory).
QuoteDislikedI would also highly recommend newbies watch the 'rants and raves' video...