Price Is The Best Indicator Itself.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedWell, the bounce was there, just not enough. So in the end it turned to be a loss. I can't find anymore reasons to be in it, so I cut it for -2/3 R .
That's it
It still was i high probability trade in my view.Ignored
Dislikednobody understood this piece of art this time Rustexcept us two lol
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DislikedHey Rust,
good trader doesn't scare about losses, you are a good one. I like it
What can i say about the setup? Even the best one can not hold you up from a loss...
The area is still interesting for me...lets wait for confirmationIgnored
Disliked...
Instead I prefer to watch for a potential breakout(that pin could be the tip off) but I want to look for PA above this area so we can trade away from the "squeeze"
Best
Mike
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DislikedAttachment
Just two words here - Thank you Mike!
I can't describe how much your teachings improved my view to the overall picture...Ignored
Dislikedhello all,
this morning at around 1 am i placed 4 trades. 3 of them ar still running in small profit, but the one below failed. seniors and anyone else for that matter can you help me with an explanation why?
i entered on the break of that big buob with the stop on the dashed line. i wasn't expecting price to retrace the way it did and when i got home now i found that the sl had been hit.
please see attached and thank you for your input!
AttachmentIgnored
Dislikedhello all,
this morning at around 1 am i placed 4 trades. 3 of them ar still running in small profit, but the one below failed. seniors and anyone else for that matter can you help me with an explanation why?
i entered on the break of that big buob with the stop on the dashed line. i wasn't expecting price to retrace the way it did and when i got home now i found that the sl had been hit.
please see attached and thank you for your input!
AttachmentIgnored
DislikedHi S,
http://www.forexfactory.com/showthread.php?t=29052
Jim uses the 150 and 365 ema's for confluence, he has found that price reacts off both them two ema's regularly providing long term flips in s/r.
I hope going through that thread makes things a little clearer
Kind Regards
SanilIgnored
DislikedHey Mike,
It looks good so far...I`ve just reduced my risk from 1% to 0.3%.
http://imageshack.us/a/img32/4684/nzdusd161020121.jpgIgnored