And last but not least - what might happen if this goes up much further?
Anything can happen.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedThis is to James and mike mainly,
I ended this month with 19% gain! This is my first profitable month, thanks to you guys and all the participants in this thread.
I would like to add that I trade with 1:15 leverage which I even do not use fully. However, I feel that still I have problem with "revenge" trading. It is getting much better...but still needs to be worked on.
Thanks againIgnored
DislikedHI guys
Can anyone knows the thread regarding FTA? Thanks
Sohail RiazIgnored
DislikedFTA = first trouble area. The first area that price is likely to stop and reverse at. It may not reverse, it often will just stall for a bit before carrying on. It depends on how strong the level it's heading into.
Take this AUD/JPY chart for instance. Say I'm looking to go long at around 84.00, I see the FTA as around 85.00 - the first blue shaded rectangle above. You can see clearly that it's a strong area because of all the resistance and support it has provided recently.
So that for me is the FTA if I take this trade.Ignored
DislikedThis is to James and mike mainly,
I ended this month with 19% gain! This is my first profitable month, thanks to you guys and all the participants in this thread.
I would like to add that I trade with 1:15 leverage which I even do not use fully. However, I feel that still I have problem with "revenge" trading. It is getting much better...but still needs to be worked on.
Thanks againIgnored
DislikedThis is to James and mike mainly,
I ended this month with 19% gain! This is my first profitable month, thanks to you guys and all the participants in this thread.
I would like to add that I trade with 1:15 leverage which I even do not use fully. However, I feel that still I have problem with "revenge" trading. It is getting much better...but still needs to be worked on.
Thanks againIgnored
DislikedThat is awesome! I also had my first profitable month (after 4 losing monthns).
3 trades only all winners!
I hope it was not just luck, let's make it happen!Ignored
DislikedIt lacks of confluence.....you must have at least two elements except the PA in my opinion.Ignored
DislikedThat is awesome! I also had my first profitable month (after 4 losing monthns).
3 trades only all winners!
I hope it was not just luck, let's make it happen!Ignored
DislikedCan some of the experienced traders with J16 confirm or deny this for me. I read in another PA thread that August is usually a very bad month for trading PA and trades are usually all out of whack. If you guys can check your logs and compare some averages to other months, that would be amazing. Thanks in advance.
TodIgnored
DislikedCan some of the experienced traders with J16 confirm or deny this for me. I read in another PA thread that August is usually a very bad month for trading PA and trades are usually all out of whack. If you guys can check your logs and compare some averages to other months, that would be amazing. Thanks in advance.
TodIgnored
DislikedYou gotta love 'em! Any thoughts on managing it? TP, next TAs, etc? I've got my stop at 1.3072 (BE), looking for 1.31 to hold as support...Ignored
DislikedCongrats Atom, great to hear you had your first profitable month. There will no doubt me more ups and downs, but it's nice to start to see that "light"
Continued success bud
MikeIgnored