all is eternal - this is good news for people who loves bad news
- #125,025
- Apr 29, 2013 7:08am Apr 29, 2013 7:08am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI have got a question with regards to the patterns that you speak about in the forum. The market doesn't care about patterns, it care about price. so why trade that way? I just try to understand the logic or human psychology behind those patterns, but I failed doing so. Thanks.Ignored
Disliked{quote} You can screw up at trading in two possible ways. Either you are too aggressive or you're too conservative. If you're too aggressive you mess up by over leveraging, over trading and over risking and if you're too conservative you screw up because you can't handle an inevitable element of successful trading - losses. Both of these schools of thought and mindsets can be worked upon over time and I am glad that you understand that the trial and error process will take some time. Also good to hear that you realize how trading income can comfortably...Ignored
Disliked{quote} Price movements are creating some patterns... just like everything else in this worldpattern means repeated shape and trading is directly asociated with it by extracting profit from price moves in our direction.
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Disliked{quote} Hey Mike, what I've done is made a few scribbles on your chart to show you how I see it. How would I play this? well as soon as I saw the setup I hesitated so already I know I'm not 100% confident. I would enter on the break of the pinbar because I would want price to break past the first horizontal line I've drawn as that was a resistance point in the past. My stop placement is what I'm struggling with. I would probably place it at the end of the pinbar to feel safer, but I know the pin broke past an upward trendline, and also occurred...Ignored
DislikedTrend continuation? On usdcad there was an engulfing with EMA 365 confluence some minutes ago. I skipped the trade because I found the engulfing bar too small to open a trade generally, especially on H4. However the confluence is indisputable. Any agree/disagree opinions guys? {image}Ignored
Disliked@mbqb11 Mike, do you use any indicators in your trading. I see some people use MAs and MACD? Also do you apply order flow as taught by Darkstar as I came across one of your old threads titled "My Thank You To Darkstar"? I recently bought his book, but I still haven't worked out how to use it in combination with J16 methods. Thanks DanIgnored
DislikedI have got a question with regards to the patterns that you speak about in the forum. The market doesn't care about patterns, it care about price. so why trade that way? I just try to understand the logic or human psychology behind those patterns, but I failed doing so. Thanks.Ignored
DislikedAny one knows what's the difference between ROI & ROE? I had read about it, and it sounds to me that's both terms are the same. Would appreciate if someone can help with that issue. Thanks.Ignored
Disliked{quote} Thanks. But why those patterns and not others ? Is there any special idea behind them? ThanksIgnored
DislikedAny one knows what's the difference between ROI & ROE? I had read about it, and it sounds to me that's both terms are the same. Would appreciate if someone can help with that issue. Thanks.Ignored
Disliked{quote} Here are the definitions http://www.investopedia.com/terms/r/returnonequity.asp http://www.investopedia.com/terms/r/...investment.asp From a trading account perspective it can be very similar cause usually traders speak about their account as one single number of their personal invested money Best MikeIgnored
Disliked{quote} Hey Mag FTA stands for First trouble area. Very important to learn and use themBest mike
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