cant see your chart clearly... (maybe u can post a zoom-ed in chart)
very small pin u took here. be careful next time. it's great it worked out for u, though.
Again, Welcome to the thread
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHi Benji...
Just a question about space. How far to the left do you look? There is a bar low further over to the left and a little lower down from 12/02/10. Do you take this into consideration when determining your first problem area or only look at the space immediately to the left...
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DislikedHey Jcp,
cant see your chart clearly... (maybe u can post a zoom-ed in chart)
very small pin u took here. be careful next time. it's great it worked out for u, though.
Again, Welcome to the threadIgnored
DislikedYou just HAVE to get to a point when you have 0 guessing going on, for me I look at the chart say okay this looks good and take the trade and go back to playing xbox live if I get stopped who cares, if it goes my why who cares lol. I really do trade this way, If I had 10 million I would do it the same too as I have 0 care of what happens now.Ignored
DislikedI do like the location and swing low, but after such a strong move down we need some big bold PA to counter act that move.
Your target is a bit aggressive, I could say that the 4 hour PB's 1st target was already hit.
Welcome btw, Jack.Ignored
DislikedHi Benji
These last couple of charts have really been great. I hope you continue 'attacking this thread'.
Just a question about space. How far to the left do you look? There is a bar low further over to the left and a little lower down from 12/02/10. Do you take this into consideration when determining your first problem area or only look at the space immediately to the left.
Leon
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DislikedThese words are all so true. The emotions of fear and greed are so so powerful and underestimated in trading. The hardest thing about trading IMO is eliminating emotions.
In order to pregress I needed to do the following / eliminate the following traits etc.
1. Being able to take a trade without thinking about money...just trading what the chart tells you.
I do the same as Ryan - I dont have anything that shows me £ / pips gained / losses on my screen. I dont 'panic' like I used to when a trade goes in drawdwon (often caused my risking too much...Ignored
DislikedWell, you are right. My chart is a bit confusing.
What I tried to show by that box is how far is the first major trouble area that most likely price will reach and reserve (there I would take full or partial profit).
I define space like I learned from Mike. Look at my first chart below. See how much space I marked by the orange lines on my chart. That is an area which is free from bars, meaning less chances that price would have a reason to stall around that area.
Now look at the purple line. You can see how price fell in an angle like looks like...Ignored
DislikedOnce you get the emotion out of it a trade is just that, one trade. After taking 10k + trades I can be down 10-15k on the day and it does not matter because I have done this so much I know my money, just like the market, does not go up or down in a straight line.
P.S. When I trade I have ***0*** things that show me my account balance ever, I think that makes it easier if you see no value on the chart then you just trade them as you see them.Ignored
DislikedAgree with that. Do the same.
Instead of closing trades when they reach Value X, it makes it easier to just let the chart tell me when to go flat..Ignored
DislikedWhy is it every time I pop in to say hi, this thread is in a different sub forum?
Anyway, greetings to all.Ignored
DislikedKeep it easy because if it does not make you money you do not want it on your charts.
keep ego / emotion out of trading, I even took medation classes to learn how to relax better. Once you hit 4-5 stage of trading it will change the way you look at EVERYTHING not just the market, and I feel it will make you a better person as you will worry less about what others think / feel because you have learned to control your emotions and understand yourself.Ignored
DislikedYou just HAVE to get to a point when you have 0 guessing going on, for me I look at the chart say okay this looks good and take the trade and go back to playing xbox live if I get stopped who cares, if it goes my why who cares lol. I really do trade this way, If I had 10 million I would do it the same too as I have 0 care of what happens now.Ignored
DislikedHealth care, search engine optimization, asp.net, the craziness in greece. Not that anyone really cares about such things, but since you asked.Ignored
DislikedSleeping pattern info...
Anyone here heard of Polyphasic sleeping??
(Most of you would have heard of your circadian rhythm anyway. )
There are three types of sleeping...
Monophasic :-...Ignored
DislikedHey Ben you got it all wrong man.
Second you don't have any experience and skills of Top's and Bottom picking, Stochastic, MA crossover systems and many other tools that you have to master before thinking seriously about any kind of trading endeavor. You can't just simply just look at bar chart and make money.
And we would be glad to help you learn PIN BARS.
this how it's supposed to be................. or perhaps it's just me.
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Disliked..... Think about driving a car at 80mph with other cars around you going 80mph, that's a lot more risk then taking a dumb trade in the marketIgnored