May the force be with you.
Pipcrawler
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedIt's 4:30 am here so should go to sleep. Just wanted to say thanks to Mike and Ghous on there replies! Will be more careful next time LOCATION MATTERS I WAS DUMB...
And as I promised to Jdl, this NZDJPY I got stopped out ...Ignored
DislikedThanks Mike,
How do i go about all ur explanation, cos am already demo trading with alpari still is not so clear to me.Ignored
DislikedMike is one of those few blessed people who can put anything in the most simplistic way possible, but since you are still wondering about entries and exits and how to choose your trades, here's a quick video I did for you.
Let me know if this was worth anything,
Doing charts obviously takes less time but I understand your willingness to let visuals help you as you not at home with English.
Language sure shouldn't come in between you and your learning of the J16 stuff.
EDIT: and there comes Mike again with a simple chart with 2 lines that...Ignored
DislikedWooooow, Thanks for that video Ghous.
Watching how you explained it so simply, really brings it home, especially the Space factor which I was still a little confused about.
The video also oozes confidence, what a great learning tool for new people.
Great job Ghous.
I'd like to put a link to it in my journal, so that I can remind myself of just how simple it should be done, if that is ok with you?Ignored
DislikedMike is one of those few blessed people who can put anything in the most simplistic way possible, but since you are still wondering about entries and exits and how to choose your trades, here's a quick video I did for you.
Let me know if this was worth anything,
Doing charts obviously takes less time but I understand your willingness to let visuals help you as you not at home with English.
Language sure shouldn't come in between you and your learning of the J16 stuff.
EDIT: and there comes Mike again with a simple chart with 2 lines that...Ignored
Dislikedi was targeting the 7150 area, but look at what it has printed; a pin(though not yet closed) to the downside. i've taken partial profit already but still feel i should have taken full prof at the 7100.
i know i shouldn't be having this kind of regrets in my trading but this is a repetition-or a variation-of what happened in my last six trades in a row; when i aim high, i get taken out early with little or nothing, when i have modest take profit targets, it blasts through it to multiples of my projected target
having sudden...Ignored
Dislikedwhen i aim high, i get taken out early with little or nothing, when i have modest take profit targets, it blasts through it to multiples of my projected targetIgnored
DislikedThe power of confluence.
This is not a bearish outside bar, the bar you see before the trigger bar is a Sunday bar on IBFX which is best ignored. It is rather a BEB off the 150, 83.00, 61.8 and the 3rd touch of the TL.
g.Ignored
Dislikedcprao, do you remember this post.
I don't know about your feed on that chart . . .looks a bit off.Ignored
Dislikedsure this is just part of trading. Times when price will just miss your stop too and move on. But those are easier to forget about
Usually if price comes real close especially in this case then I will just close out or at worst go to b/e.
It is an imperfect world in which we work with in the markets
MikeIgnored
DislikedMike is one of those few blessed people who can put anything in the most simplistic way possible, but since you are still wondering about entries and exits and how to choose your trades, here's a quick video I did for you.
Let me know if this was worth anything,Ignored
DislikedIt does, but it's something I figured out by reading the other docs.
What I needed was to know when (not where) to put the stop loss and the buy stop.
IE do I wait for the pin to be fully formed before I put the stop loss? IE do I wait till it retraces up to its top and then put the stop loss? Do I put the buy stop while I still just see the pin or after the right ear starts forming?
I know this is dumb off mine, but so far I always used another trading system where once I spot certain parameters all I have to do is to create a bracket order during...Ignored
DislikedIt does, but it's something I figured out by reading the other docs.
What I needed was to know when (not where) to put the stop loss and the buy stop.
IE do I wait for the pin to be fully formed before I put the stop loss? IE do I wait till it retraces up to its top and then put the stop loss? Do I put the buy stop while I still just see the pin or after the right ear starts forming?
I know this is dumb off mine, but so far I always used another trading system where once I spot certain parameters all I have to do is to create a bracket order during...Ignored
DislikedUSD/CAD looks like we are arriving at a good area for some PA.
M30 is showing bearish Div as we approach the TL.Ignored