EUR-USD is giving maturing sale sign, you should expect to confirm a false start, accompanied by strong bearish divergence
Where can I learn more about Price Action like those in James16 charts? 9 replies
Disliked{quote} I don't think it matters how someone else would play it. What's more important is whether you're ok to walk out of the trade with nothing in your pocket should price bounce off 1.976. Preparing yourself for the worst always helps keep emotions in checkg.
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Disliked{quote} I think its very bullish, with those multiple highs. Let's wait for some solid PA.g.
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Disliked{quote} Hey Ghous, thanks. I ended walking away at BE from that trade. And I've had a few more since! Starting to feel better about BE's now. As Jim does, I mark them as winners on my sheet. CheersIgnored
DislikedEUR-USD is giving maturing sale sign, you should expect to confirm a false start, accompanied by strong bearish divergence {image}Ignored
Dislikedthis pair input signal is giving this seems like a false start, hopefully the price back, which can be taken for the wide divergence is observed. {image}Ignored
DislikedChart: Upside is a little tricky but with the major trend. Downside has more room but no divergence {image}Ignored
DislikedCan somebody direct me to posts that give a detailed explanation of what wickplay/wickfills are and how to trade them? Thanks, NeytiriIgnored
Disliked{quote} Can you please show on the chart how there is no divergence? Are you referring to MACD divergence? Thanks, NIgnored
Disliked{quote} Can you please show on the chart how there is no divergence? Are you referring to MACD divergence? Thanks, NIgnored
Dislikedasi va el comercio despues de una falsa salida. Atras va un trailing stop acortando el precio. si esto no es divergencia, entonces no se a que decirle divergencia. Maestro Ghous puede darles mejores explicaciones. {image}Ignored
Dislikedalways remember this and its in this thread somewhere. i personally blew more accounts than i can remember over an 8 year period. a 6 figure amount total. things turned around for me when several things happened. 1. i quit trading and saved for over 2 years. i knew i couldnt be patient with small accounts. i had proven that over and over and over. 2. i took all my years of learning and spent those two years demoing and refining until i could go month after month after month making the demo account grow. 3. when the time to go live came i had a large...Ignored
Dislikedso will trade after a false start. Back shortening goes a trailing stop price. if this divergence is not, then do not say to divergence. Master Ghous can give better explanations. {image}Ignored
Disliked{quote} This answers my question above, why trade live when you can demo till you are profitable and confident and save enough to have a larger account in the meantime.Ignored
Disliked{quote} It's great that you have decided what will work for you. For me personally, I prefer trading smaller account. I found that I reacted totally differently on demo and developed bad habits....because the risk wasn't real. My discipline improves when real money, no matter how small, is on the line. For me the strategies are "demo'd" for the most part on forex tester, with a few actual demo trades as well. Once I'm happy that I can trade with tester on a couple of pairs I am comfortable taking the strategy live. Good luck on your journey bullet....hope...Ignored
Disliked{quote} Thanks Donkey, I used to have that viewpoint, but I ended up not having the patience because I was waiting days/weeks to trade for a profit of £50-£100 or breakeven.Ignored