That's expectancy
Lets you confidently enter trades with poor RR
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedAha
That's expectancy
Lets you confidently enter trades with poor RRIgnored
Dislikedi am not sure if this pair was already discussed lately...
aud/chf in a longterm support-area.
wait for bullish price action.Ignored
DislikedWell done 5.25! Can I ask you, were you trading strictly PA setups (pin bars, outside bars, etc?) What was your risk % per trade? Keep up the good work and report back again, it is inspiring.Ignored
DislikedYOU ARE THE MAN!!! Thank you very much for this post!!! That is a great motivation for many, many traders....P.S. How many seconds does it take to make a screen shot, hide order numbers and post it here? Like 20 second, right?Ignored
DislikedHi there
Strictly PA setups? Absolutely! ALL on the daily and ALL at the break of the bar, period. (Bearish/Bullish engulfing, PB's and inside bars only).
They clarified my entries within the 'story' that I built up using PPZ (S/R levels) and trend lines. Nothing else. No EMA's, no MACD's etc. (I don't know what most of them mean )
I varied my % depending on the setup but it was around 10% just not on every trade. For me the market is fluid, so you need to be adaptive (probably an obvious statement to make). I can control my...Ignored
DislikedHi there
Strictly PA setups? Absolutely! ALL on the daily and ALL at the break of the bar, period. (Bearish/Bullish engulfing, PB's and inside bars only).
They clarified my entries within the 'story' that I built up using PPZ (S/R levels) and trend lines. Nothing else. No EMA's, no MACD's etc. (I don't know what most of them mean )
I varied my % depending on the setup but it was around 10% just not on every trade. For me the market is fluid, so you need to be adaptive (probably an obvious statement to make). I can control my...Ignored
DislikedHi there
Strictly PA setups? Absolutely! ALL on the daily and ALL at the break of the bar, period. (Bearish/Bullish engulfing, PB's and inside bars only).
They clarified my entries within the 'story' that I built up using PPZ (S/R levels) and trend lines. Nothing else. No EMA's, no MACD's etc. (I don't know what most of them mean )
I varied my % depending on the setup but it was around 10% just not on every trade. For me the market is fluid, so you need to be adaptive (probably an obvious statement to make). I can control...Ignored
DislikedYou are focused on the wrong thing. RR is meaningless. EV is essential. Focusing on high RR trades is as bad as focusing on high probability trades. Both will send you broke in isolation.
And either way, increasing your account % is the worst option available. All you are doing is pumping up your risk of ruin and risk of hitting your terminal point (the point where you have lost so much that you close your account).Ignored
DislikedLet me know if anyone is bored with this and I will stop posting the trades, as they are demo on trade simulator.Ignored
DislikedPinbar, Are you using the MT4 strategy tester for that backtesting? The screenshot says Trade Sim. v.2.0, which I could not find, and learnforexhome.com seems blank. I'd like to do similar testing. Thanks.Ignored
DislikedIs there a PPZ calculator? How do you guys determine the PPZ of the daily, weekly, and monthly charts?Ignored
DislikedIs there a PPZ calculator? How do you guys determine the PPZ of the daily, weekly, and monthly charts?Ignored
DislikedIs there a PPZ calculator? How do you guys determine the PPZ of the daily, weekly, and monthly charts?Ignored
DislikedIs there a PPZ calculator? How do you guys determine the PPZ of the daily, weekly, and monthly charts?Ignored
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