What do you think?
james16 Chart Thread
"behold, the kingdom of God is within you"
Well, I dunno about this King James Bible, but the James16 Bible has me on the right path
http://my.jetscreenshot.com/11256/m_...8pyw-108kb.jpg
Up 50+ pips so far with 50% off the table, and stop moved down to highs.
PS I know you can't see the pin, I don't use Oanda for charting, just for trades.
James, let me say thank you so much. I was in the trade and watching before you posted, so good to know I was on your wavelength. Lets hope I keep on it
- #108,528
- Mar 7, 2012 8:26am Mar 7, 2012 8:26am
- Joined Jan 2011 | Status: Senior Member - Pro FX Trader | 2,736 Posts
is 90% win rate normal or just variance?
I mostly traded USDCHF with 7 trades, all playing inside a consolidation box, my favourite
Cant thank JAmes and the guys here enough
- #108,529
- Mar 7, 2012 8:37am Mar 7, 2012 8:37am
- Joined Jan 2011 | Status: Senior Member - Pro FX Trader | 2,736 Posts
Below is my summary for usdchf of february, this is not my main account as i trade someones funds and cant disclose that, but here is my on the side account i trade alongside it
Like JAmes says in his videos, once you learn how to trade in ranges, your pretty much sorted, and trading ranges is my favourite type, just play tennis back and forth one side of the box to the other with price action confirmations all learnt from this thread
Like JAmes says in his videos, once you learn how to trade in ranges, your pretty much sorted, and trading ranges is my favourite type, just play tennis back and forth one side of the box to the other with price action confirmations all learnt from this thread
- #108,532
- Mar 7, 2012 10:12am Mar 7, 2012 10:12am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Hi Guys,
Im only at page 100 but would appreciate your opinions please if Im on the right track. From what I can see the price is hitting an area of confluence and should bounce of it. Would that be a highish probability.
Thanks for any input.
Paul
Welcome to the thread bud
You are close. Right now price is boxing.
Price will do this over and over
It boxes, breaks out, boxes , breaks out. These boxes provide great clues to what price MAY do. And areas to watch. Many boxes will box on top of each other creating our Price Pivot Zones
The bottom of a box is support till proven otherwise, and the top is resistance. When price can get outside of these boxes then the opposite often happens. The support becomes resistance or the resistance becomes support. Check out the other boxes and how price reacted
Again welcome to the thread hope you learn a lot
Mike
- #108,533
- Mar 7, 2012 10:59am Mar 7, 2012 10:59am
So so much too learn..I would never have considered that boxes as they are huge pip movements..to me anyway.
Its just not clicking for me yet...need to spend a lot more time asking you questions
Thanks mate
Paul
Its just not clicking for me yet...need to spend a lot more time asking you questions
Thanks mate
Paul
- #108,536
- Mar 7, 2012 11:48am Mar 7, 2012 11:48am
Just wondering what you guys think of this setup?
We've got the big pivot area around 1.05262, almost pinbar on the 50 fib retracement.
skype: ststroud. let's talk trading.
- #108,538
- Mar 7, 2012 1:32pm Mar 7, 2012 1:32pm
So so much too learn..I would never have considered that boxes as they are huge pip movements..to me anyway.
Its just not clicking for me yet...need to spend a lot more time asking you questions
Thanks mate
Paul
