How are ya, long time no speak
I was just looking for the bounce off the TL long back up to the 1.06 area keeping an eye on the first trouble area at 1.05..
What's your opinion?
Cheers,
A
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedCheck out the Weekly and Daily Setup on the UsdMxn ..nice ..
Notice the Daily 365 ema (in black on the Daily) Confluence with our LCS levels.
Classic Setup meeting all of our criteria of Swing points and/or Consolidation, SPACE, Confluence, etc.
JimIgnored
DislikedAs pinbar said if you have a "gambling" account well that would be up to you. I do actually. It's money I kiss goodbye but take well educated larger risk accounts. I think of it as going to a casino where the odds are in my favor. But it is money I consider VERY different then my account and again it is HUGE risk if you are risking amounts like that. So I could blow that account but its money i personally put back and it's like my scratch off ticket that I win a lot more at LOL
But I don't recommend someone who can't build an account do...Ignored
DislikedNo surprise there . .right Steve . . . .Strong Weekly / Daily LCS level.
A close above that level would have been nice.Ignored
DislikedHey guys. Id like to hear your thoughts about this.
Is very high risk (30-50%) just stupid and doomed strategy?
I like to speak more about expectancy than just risk procent.. Expectancy is defined as loss times possibility of a loss plus win times possibility of a win. So if we are extremelly picky, its possible to have the expentancies of the trades very high and profitable.
My scenario is here to have "risk account" and more conservative account of course where the main trading would happen. Picky means to me very obvious stories...Ignored
DislikedEUR/GBP
i took this one...not exactly what james or mike teaching, but this is a nice bearish reversal candle pattern called "Three inside down"
AttachmentIgnored
DislikedThanks for the comment Mike.
Your reply about the gambling account blew my mind.
Hope we don't see new people risking 50% in live accounts, on M15 next week. LOLIgnored
DislikedYes, Jim.
That is where I took another chunk off and just left the rest to play out at BE+. Took out my sl but, that was sort of the 90% expected.Ignored
DislikedThis is what I have taken as my first trade
PB @ earlier high + Divergence.Ignored