DislikedToo much is always good for those in the know...
Here's another one I was in an out before it exhausted itself (for now)
Love these charts...Ignored
DislikedWinner - is a trade that hit my FTA or BE.Ignored
I ask you this because, when I look at charts I have a tendency to fool myself into all the great trades I would have taken but when I move to the right side of the screen it gets difficult again, my profit targets get too big or to short.
but I guess you're somehow different.
Dislikedalright. i think i'm trying to be too clever here. i tried to do what Jim does after watching one of the video on PPZ, and got myself into a real mess.
i tried to follow him, which obviously failed.. BIG TIME!
i pop up a chart. started from monthly(red line), got all the PPZ i can find.
then down to weekly(orange line), do the same thing.
goes down to the daily(yellow), and repeat it.
finally to the 4 hour(white), and did like before.
i went back to the daily chart and BOOM! i get this. really messy stuff. although the white lines(4H) shows...Ignored
Dislikedeur/cad buob on h4.Ignored
DislikedHave you seen those guest videos, where James is talking about not letting your profit turn into looser? ...Ignored
DislikedI believe that's in trainingvideo.wmv and memorable quotes are:
Even a single bar can create support or resistance.
(14:00) My losses are virtually nothing. Because when a bar breaks for me and it comes back on me I kill it.
(1:24:40)Break-evens are wins folks, don't kid yourself. Put your break-evens in your win column, that's where they belong.
(1:37)You don't make it in this business by watching price reaches support and resistance area and leaving your stop loss at a loss. And hoping. You don't do it that way. It will not work....Ignored
Dislikedreference daily PB's....I thought you have said or inferred that you don't necessarily trade asian session or you trade 11pm-1pm est due to the lack of liquidity and personally I am very hesitant to trade the asian session due to liquidity but often I do...with that said if you see a daily PB which would start at 5PM est....Ignored
DislikedIm still trying to take in everything step by step. Still going over the first 20 pages or so of this thread again and again.
Will anyone care to shed some thoughts on the highlighted area, just by looking at it. Describe it if you so will.......i have a few thoughts on this that i cant really put down as im such a novice so would like to see if whats in my head matches anything from the experts or experienced traders.
Jim quotes I've just posted made me think a bit about my losses. So far I have always taken full loss(I mean, I risk 3% of an account and that's what my loss is).
I do move my SL to BE at FTA usually and I have had some BE or profit close to zero trades. I'm trying to be picky. In 6 months I have taken 17 trades (watching about 25 pairs) so I thought maybe it's the fact that I wait quite a long time for a setup so when I'm finally in a trade I really want to give it a chance to play out. Any tips on how to move SL even before price reaches...Ignored
Dislikedgood stuff Adi, this is all the kinds of research EVERYONE should do. Prove everything in every way to yourself. That is the only way to get it to work
DislikedTaking 10 A++ trades a year (9 of which winners) looks so good...
... until you realize your $1000 account becomes something like $1300.
Is this whole system reserved for people starting with $100k in their account? I don't see how someone with a $1000-$5000 account could make a living even after some years of trading.Ignored
From the looks of your chart it looks like you are trying to buy based off a small pinbar which is also in traffic. Now price may be getting oversold here, so it could be a good area, but that bar lacks any real standout power or confluence. A more ideal situation would be a big pinbar creating a new swing low, where as your bar is just right in the middle and could just be a small reactionary bar as opposed to true buying.
Welcome to the thread ahmedIgnored
I think you are trying to have too much on at once....Ignored
DislikedYes, you are right. At one point James even states that the only traders he has seen succeed are those with 6 figures+.Ignored