hey Harry,
i dont accept love or cash, only chocolate.
i dont accept love or cash, only chocolate.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedDo you have any recommendations for those of use who have smaller accounts?Ignored
DislikedDo you have any recommendations for those of us who have smaller accounts?Ignored
DislikedI'll catch hell for it, but I disagree with pretty much... small accounts trade differently to large ones.
I've since changed my approach for small accounts. The key is splitting the approach into two streams:
a) income trades - your standard high probability, +EV trades. Good bars in good places. They keep grinding out the returns and builds the account slowly and steadily, and form the basis of your compounding.
b) growth trades...Ignored
Dislikedwhat about black chocolate???
...
I just went over Mikes traffic vs space video. Rather than watching you really need to practice this stuff to get it cemented into your head.Ignored
Dislikedanother example for boxes here.
entered in the box with a buob engulfing the two last weeks.
this will very likely run to the top of the box at ~50 eur.Ignored
Dislikedjust to add, if i may...
aside from location, momentum, the other factor was trend/currency strength at that time (EUR weakness: if eur was strong, it would've blown through the swing high at that time)
also
1. the euraud 2-day PB/BEOB trade was to the downside, while eurgbp pin u took was to the upside.
2. compare the space to the left of both trades. if u will look closely, euraud was spacy, eurgbp was trafficky.
3. related to #2, compare the bar situation on both charts, around Dec.28 - Jan.3. eurgbp seems to have...Ignored
DislikedI'll catch hell for it, but I disagree with pretty much everyone else here; small accounts trade differently to large ones.
Sure, in theory they are the same. Your risk and EV will be the same regardless of account size when using a %R system. And so, in theory, you shouldnt change approaches with varying account sizes. But, to quote Homer Simpson: in theory, communism works.
<economics ramble>
The problem is preferences, marginal utility and the sandwich.
Normally, we would generally say that money has a declining marginal value....Ignored
DislikedI'll catch hell for it, but I disagree with pretty much everyone else here; small accounts trade differently to large ones.
Sure, in theory they are the same. Your risk and EV will be the same regardless of account size when using a %R system. And so, in theory, you shouldnt change approaches with varying account sizes. But, to quote Homer Simpson: in theory, communism works.
<economics ramble>
The problem is preferences, marginal utility and the sandwich.
Normally, we would generally say that money has a declining marginal...Ignored
DislikedNice Pin off the 61.8, Down Trendline, Dark Green PPZ level - tremendous confluence. Initially have put the TP at the 50% level but I think it might see the 38.2 level which is also where the 365 is lying at, which is also another price flip. Will move the TP once it moves in that direction. Am I doing this right?Ignored
DislikedI'll catch hell for it, but I disagree with pretty much everyone else here; small accounts trade differently to large ones.Ignored
DislikedNice one aserbfx,
So you entered on close of weekly bar, i.e. break of resistance.
One possibility is a retrace back to the broken resistance are (i.e. new support) prior to upward push to 50 eur.
Is 47.86 your FTA???? Hope you don't mind me doing this.
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RegardsIgnored