DislikedYou can achieve whatever you set your mind to. Forget the whiskey, go with some good scotches.Ignored
I dream, therefore I become.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedYou can achieve whatever you set your mind to. Forget the whiskey, go with some good scotches.Ignored
DislikedHey ts63,
I will let you know my personal opinion on these setups. But of course, that's just me.
Gold - We want great bars at great locations. In this case, the bar is really good, but the location is bad. Look at my chart below - we have a well defined price flip just above our pin. This flip zone isn't giving me enough space to do something with my stop when price will hit it. It's like running into a wall. In addition to this, I would like to have some more confluence factors which will help this pin to "hold". The only real thing I have...Ignored
DislikedJust want to clarify something. Would you consider "locals" or self-employed traders at prop shops retail?? I'm still confused by this whole retail Vs professional debacle. I suppose that at the end of the day it comes down to size .... For instance James w2ould be a pro even though he trades from home!Ignored
DislikedThat, my friend, is the law of attraction. If you have never studied it, you ALL need to study and learn it. James16 knows it, Jarroo knows it, MBQB11 knows it, Raczekfx knows it, I know it, Nasir knows it, every trader who has ever been successful knows it. I know for a fact that all these people know it through their posts. The secret to whatever you want is the law of attraction.Ignored
DislikedI'm only going to comment on the Gold chart, and then I'm gonna do weekend stuff....Ignored
DislikedHey ts63,
Remember that although PA is a powerful thing, the location is even more important in most cases.Ignored
DislikedHey ts63,
I will let you know my personal opinion on these setups. But of course, that's just me.
Gold -...Ignored
DislikedFurther to Benji's explanation, also note that these bars were formed on Friday before close of US Session. Lot of traders choose to take profit on Friday US Session rather than holding positions (short) over weekend. These could be one of those scenario.
Also it could be reaction to this news in late US Session that "Europeon Union may propose a solution for Greece’s budget deficit.
http://www.bloomberg.com/apps/news?p...q.BBSMdc&pos=1Ignored
DislikedYou know it brother! We attract what we think. Thoughts are things and with that in mind, what are you thinking? Hm, I'm going to start a thread on this subject because it really is important to me and every other human that wants change in their life.Ignored
DislikedJames16 knows it, Jarroo knows it, MBQB11 knows it, Raczekfx knows it, I know it, Nasir knows it, every trader who has ever been successful knows it. I know for a fact that all these people know it through their posts.Ignored
DislikedI think this is just a phase in the early years of trading. It's funny many trade to free themselves up to do things they want, but all their time is spent trading. I see it as a phase, we are putting in time today to have free time at a later date.
If you are still like this after a few years then maybe there is a deeper issue, until then stay focused and dedicated, but try to have a little more balance.
When the thrill is gone and its boring and you have more money than you know what to do with, I'm sure the last thing you'll be doing is...Ignored
DislikedHey Matt
I take a good bar that meets my trade criteria. Sometimes I get .25, sometimes 3r, so it isn't oh this has to go 1:1 or anything like that.
Best
MikeIgnored
DislikedHi Mike:
This is a beautiful BEORB. Thank you for posting it. If the very next bar following the price action bar (i.e. pin bar or outside reversal bar fails to break the high /low of that bar, how many more bars do you give it to enter the trade before you decide the set up bar is not valid for entry?Ignored
DislikedYour chart looks pretty much like mine I have somewhat reduced my stop....Ignored
DislikedHi All
I have a mechanical question. I was able to see and read all the videos
in James' forum.However when I tried to bring up Fiji section it would not respond.
The screen said Real Player---- Cannot start playback.Then another
report came up and said more information is available at the Real Networks custom support website.
It said I may have to upgrade Real Player.I did so... but to no avail.
I just get the home page of Real Player but no video.although Fiji notation
is in the lower left hand margin
Any suggestions what I my have to click to...Ignored
DislikedI am getting more and more depressed at barely being included in recent "counts and mentions".
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DislikedI've said this before: disconnecting, isolating yourself from the "noise" that is forums, tv, press, anything outside of the chart and you, is a crucial stage in developing your skillset.
You are free to do how and whatever once you have everything, the skill, knowledge and confidence, but in order to get there, the process of disillusion has to occur.
- Seeking / PatrickIgnored
DislikedI am getting more and more depressed at barely being included in recent "counts and mentions".
3000+ posts (even with a year of almost no posting, still 2.49 posts a day average) and all I got was this lousy 1kT badge..that then got taken away again!
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On a more serious note, an old thought popped in my head again while cooking and I thought I might just share / post it again.
I've elaborated on this before, but as I can see both poster AND posts are soon forgotten, so any redundancy probably won't hurt
Fitting in with...Ignored