Disliked{quote} Price broke to the upside which is not what I was looking for so this pattern is now void. {image} Take care DanIgnored
Best
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
Disliked{quote} Price broke to the upside which is not what I was looking for so this pattern is now void. {image} Take care DanIgnored
DislikedProfessional in the house, where will you take your profit if you are in this trade? {image}Ignored
DislikedWith that said at the end of the day you can always get nicked in based on your entry but a 5 pip buffer on a daily i will never do myself here is a rough buffer list I use(and it makes a difference for me) 1hr 7-12 4hr 10-15 daily 12-20 weekly 15-30Ignored
Dislikedgerman bmw on weekly with a strong break-out above 75 euro. i would wait for a pullback to this area around 75 euro for an entry. {image}Ignored
Disliked{quote} aserbx, so do you mostly trade only stocks and that too on weekly charts? Although the j16 method is awesome, trading stocks and that too on weekly charts decreases the position size drastically. In addition to that there is the chance of sudden spikes/flash crashes. So I am wondering what is the incentive to trade stocks over forex. I mean if I have to become rich, I feel that the chances of becoming rich are greater when you are trading forex when compared to stocks, at least if you are using methods described in the james16 thread.Ignored
Disliked{quote} Also, is there a pinbar scanner?. Currently the number of forex pairs is very small compared to the number of stocks. There are thousands of stocks and if I use my mouse to click and drag the chart onto a window, I am sure after few years I will get carpal tunnel syndrome.Ignored
Disliked{quote} aserbx, so do you mostly trade only stocks and that too on weekly charts? Although the j16 method is awesome, trading stocks and that too on weekly charts decreases the position size drastically. In addition to that there is the chance of sudden spikes/flash crashes. So I am wondering what is the incentive to trade stocks over forex. I mean if I have to become rich, I feel that the chances of becoming rich are greater when you are trading forex when compared to stocks, at least if you are using methods described in...Ignored
Disliked{quote} Giggles - STOP. Go to post one of this giant thread and read Jims comments to newbies -especially small account holders (Your post below mentions you have a small account). Read his points about being "picky" with your trades and stop trying to trade everything out there. Do what Jim says and concentrate on a few pairs. Demo a few stocks maybe but bear in mind most stuff here is forex related. Again, you will not become rich with a small account but you might make a reasonable additional income. If you want a large income then do what...Ignored
Disliked{quote} aserbx, so do you mostly trade only stocks and that too on weekly charts? Although the j16 method is awesome, trading stocks and that too on weekly charts decreases the position size drastically. In addition to that there is the chance of sudden spikes/flash crashes. So I am wondering what is the incentive to trade stocks over forex. I mean if I have to become rich, I feel that the chances of becoming rich are greater when you are trading forex when compared to stocks, at least if you are using methods described in the james16 thread.Ignored
Disliked{quote} Also, is there a pinbar scanner?. Currently the number of forex pairs is very small compared to the number of stocks. There are thousands of stocks and if I use my mouse to click and drag the chart onto a window, I am sure after few years I will get carpal tunnel syndrome.Ignored