DislikedHi,
In order to develop a trade plan I will backtest daily and weekly pinbars. I am doing this to test different exit strategies and to give me confidence in my plan. Any tips?Ignored
GOod luck
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHi,
In order to develop a trade plan I will backtest daily and weekly pinbars. I am doing this to test different exit strategies and to give me confidence in my plan. Any tips?Ignored
DislikedOh, it just not as cool joke
Yes it's nice too, here I can just immediately see when the session is over and what sessions overlap...
I just forget to do it sometimes, living in Asian time and virtually in the US/greenwich/etc time is tough... gets all messed upIgnored
DislikedBtw, found this a few days ago. It gives a nice visual representaion of the current trading session and diff. times. Red line is current session.
Just a small freeware, can click it when you want. Nothing fancy.
If anyone interested here you.Ignored
QuoteDislikedbut I have spent and greatly appreciate that time I spent doing that. It was a big part of my process personally.
GOod luck http://cdn.forexfactory.com/images/s.../yim/happy.gif
Mike
DislikedHi
I took this trade (sell position) on daily. But it didn't even give me a chance for break even.Ignored
Dislikedi like to shoot myself.
disney closed at dayhigh on good volume. i am sure that this will not come back to retest the 38 usd.Ignored
Dislikedyes, no retest today. even opened with a gap-up and already hitting the 40 usd. a beautiful breakout happened (without me ).Ignored
Dislikedlol..without me either bud... we had a kinda BEOB on Home depot.. did you had a look at it ?
Os.Ignored
Dislikedyes, but i am afraid of this because of the overall bullish move. i have to admit that it looks interesting, though.
this is for tommorow:
bayer on daily.Ignored
DislikedSmall pin for a strong down move, imo.. it could be profit taking.
Around 52.50 would be a better location, what do you think ?
Os.Ignored
DislikedEven some of the "Not so good" setups work out...
Broke the 81.50 area, retested and then took off. Only in the "Where is price going" mode, though.Ignored
Dislikedghous, that is amazing video, especially for new comer like myself. I am watching about 10 pairs, but missed this one. What I am happy about it is it gives hugh confidence to me because it is the similar thought process I am having lately learning from this thread.
next time, can you cover the SL and R/R a bit?
At this point of my learning process, I struggle to see SL and R/R goes opposite direction. take your video as example, the SL I would put is far larger than the target of the low of the box that you described. It violates the R/R ratio....Ignored
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