DislikedActually, that would be those moving real money. In this case, in reaction to a news event. Not people trying to piggyback onto moves based on bar patterns and basic support and resistance.Ignored
my order stopped the market! yarr...
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedActually, that would be those moving real money. In this case, in reaction to a news event. Not people trying to piggyback onto moves based on bar patterns and basic support and resistance.Ignored
DislikedActually, that would be those moving real money. In this case, in reaction to a news event. Not people trying to piggyback onto moves based on bar patterns and basic support and resistance. Which is what makes your other comments so amusing.
I think your problem here stems from presuming to know me, how I trade and what I do or dont know.
I had no problem with his trade. In fact, I'm pretty sure I even called it a good trade. He just took exception when I pointed out that his posthoc explanation was off base.
At which point he decided to give...Ignored
DislikedHi Boys and Girls,
I'm one of the newbies here , been around 4 weeks or so, I come from trading shorter time frames, so its taken a week or two to get over the cultural shock of Daily and Weekly.
My first week was a shambles, with beginning to learn the methods, and adjusting to the time frames, and reading and reading.
had a couple of nice weeks now,, and beginning to enjoy daily and weekly, (although I sometimes cheat and go to 4h )
I seem to be reaping in better rewards than when I traded shorter time frames, and I now have time to breath...Ignored
DislikedHi Boys and Girls,
I'm one of the newbies here , been around 4 weeks or so, I come from trading shorter time frames, so its taken a week or two to get over the cultural shock of Daily and Weekly.
My first week was a shambles, with beginning to learn the methods, and adjusting to the time frames, and reading and reading.
had a couple of nice weeks now,, and beginning to enjoy daily and weekly, (although I sometimes cheat and go to 4h )
I seem to be reaping in better rewards than when I traded shorter time frames, and I now have time to breath...Ignored
DislikedToo bad to wake up to another one of these arguments. When it's all over I think everyone will realize that both sides are saying the same thing. Ifmyante, Emene, Kenny..etc. are following the same or similar enough concepts. Besides a few different twists on trading methodology (Imbalances) the only difference is in the TF's. Why is this such a problem guys?? James16's favorite trades are taken on a 2000 tick chart!!! I have been told by Mike and the man himself! I suppose this is the problem with forums sometimes.Ignored
DislikedHi guys, i would like to know .. when you take pinbar trades and enter at the break of the high/low of the pin bar..where do you place your SL?Ignored
DislikedHi folks,
I need some help, after spending 1000 of hours learning to trade, i can still not trade consitency.
I know how to trade this method, i now PA, i know SR, i know we look for PPZ, divergence, BRN, fibo etc etc...
but after spending so much hours i understand the method or system you trade is relevant for only a (small) part of trading.
I trade a small account on the 4h. Daily is a problem because of sleeping time (europe), and i have only fxpro what closes at 11 pm, but thats a little too late for me. Maybe other people in europe...Ignored
Disliked
What can i do on this, its something with overtrading + small account + patience. But how can i learn this or inprove this? Are there some tricks?
I absolutly will succeed in this business and will spend another 1000 hours if needed, no problem.
More people with this problem?Ignored
DislikedHi T,
I think Oanda Daily (MT4) will be closing at 6 am for where you are.Ignored
DislikedThanks Adi,
That means wake up an half hour earlier than i do now. But maybe its worth it, will look for this.Ignored
DislikedIt's a little disappointing to see these kind of arguments in this thread. For the sake of the thread and out of respect for Jim himself, I think the conversation should be carried out through PM's..Both methods are very similar in that they both make a lot of money (irregardless of time frame or pair) under the hands of the experience. Jim trades the tick charts on futures...IF has been very helpful to many in this forum and I have also learned many valuable lessons from IF out of his kindness to teach, so people shouldn't jump to conclusion...Ignored
DislikedHey T
Yes over trading is probably most peoples downfall. I always suggested to people to try to give themselves 2-3 bullets a month. If you use them you shut down. Not only will this make you focus on not wasting them, in the times you do , then you have to wait until a new month starts before you can use them again. So if day one of month one occurs and you take 3 trades, irregardless of the outcome you are done till the next month. Most people are trying to take their small accounts and trade it to millions and of course this will just never...Ignored
DislikedHi biDc
You are spot on there - lets get back to the basics of this thread and what it is good at, ie discussion..support..charts etc. The approaches of IFY and J16 both have their merits but its up to the individual trader what heshe trades and what we are comfortable with. Meshing J16 with Supply and Demand approach could be a powerful strategy and to be fair to IFY he does say that the higher Tfs should be mastered first before moving down which is in agreement with one of the central planks of J16 methodology.
Just my 2 cents,
KalIgnored
DislikedAlso if you can't handle daily for whatever reason, just go up another timeframe to weekly. At least for now while you figure things out.
A big error you see is people try to fit trading into their lives when they have time. So you get the person that works from 7am -7pm est, comes home and says "oh i'll just scalp the yen pairs".
If I was in your spot I would trade weekly charts if I didn't have the time for daily etc
Best
MikeIgnored
DislikedGreat advise Mike, as always!
Will use this advise and take less, less trades than i do now.
I think of back to demo for a while and wait for a bigger accountsize.
The expectations thing is also hard, but i understand 5% a month is fabulous. But with a 2000$ account we want more, i think that is the biggest problem.
I have to understand that we not need 50 trades a month to make money.Ignored