james16 Chart Thread

Quoting Guitarbloke

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{quote} Hey Doerpn. Opening 2 trades at once i got from Jim who said here years ago that he liked to at least lock in some profit rather than see a trade reverse on you and stop you out, which happens a bit on my 2nd orders. I used to just open 1 trade and go for at least 2:1 RR and at least 100 pips +. This 2 trade method is new to me, so still experimenting. I like it, but my losses are substantial (2 orders) when a trade goes wrong. Still...

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Quoting mbqb11

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{quote} Hey Vilko Welcome to the thread ..... Hopefully it helps in some way Best Mike

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Quoting doerpn

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{quote} Hi G., that`s the reason why I asked you... I`m more a fan of stacking orders if first trade proved to run in the intended direction....than SL to Be and opening next order....if there is a run than maybe more than 2 orders are open....but always opening next order after former order made safe. Have a nice weekend...D

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Quoting Vilko

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{quote} Thank you, couple days ago i noticed that i am over trading(spot on). I am starting to earn little by little, fallowing your posts. But those couple things i needed to ask here cous now its a problem for me (consolidations, brake outs, overtrading). But in general after couple years, i see that is possible to earn some money in that buissnes. For me problem becoming not a big picture about trading, but small things and peaces. Any way i will take on consideration your notices. PS. i took long chf/jpy on thinking for a brake out up, reason...

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Quoting doerpn

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{quote} Hi Vilko, maybe you are mistaking me for someone else......I did never write a post about a retrace in chfjpy..... I recommend you to read this thread fom the beginning and also switch to the HP to learn from the vids offered there....

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Quoting mbqb11

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{quote} Hey Vilko Welcome to the thread The first thing to do is to be able to decipher what is a sideways market and what ways to play it. Do you, play it and know that your FTA is close and price is likely to chop around? Use that information to AVOID trading that sideways market? Or look for a breakout? All are something to be considered based on the situation. What is ultimately going to decide that is your understand of the story at hand if if one should even get involved. Based on seeing how many positions you have open it tells me that you...

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Quoting james16

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YES!!! THIS IS CRITICAL. WE MUST LEARN TO: 1. notice a strong s/r area just beyond our pa if it exists. 2. know that if we trade into it we had better be prepared for a quick reversal that could give us a loss if we are not prepared. if we know its there we have several choices. 1. get out when it gets there for a small profit. 2. take a small partial profit and move the remainder to BE. 3. stay in with your total position hoping for a break and move your stop to BE. 4. Dont enter until the level has been broken. in the case we are looking at this...

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Quoting codekid

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{quote} Hey GB, Thanks for clearing up that 2 position issue, I always wondered about that. It should be a real help because I can't tell you how many times I've had this happen to me recently. It's really frustrating going from 30-40 pips straight down to BE or even worse a loss. What started as a great week for me ended badly but I'm still gonna push on because I know eventually it'll click. Happy trading everyone. Regards, CK

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Quoting doerpn

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{quote} Hi G., that`s the reason why I asked you... I`m more a fan of stacking orders if first trade proved to run in the intended direction....than SL to Be and opening next order....if there is a run than maybe more than 2 orders are open....but always opening next order after former order made safe. Have a nice weekend...D

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Quoting Guitarbloke

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For anyone new to this thread. From page 1. This is a link to a lot of necessary learning. PA signals to watch for, putting together a plan and more. What better way to spend the weekend than reading about trading. :nerd: Enjoy folks! http://www.forexfactory.com/showpost...ostcount=23250

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Quoting DanTheFox

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Thanks for your detailed info as always mike. I was just wondering if you had any info to hand on entries at retracements of these bar signals? I've read a fair amount of the thread in the past but probably wont be able to find info on that now. It looks like this is your entry method on the CHFJPY? PS hope things all go well with the GF. Have a great weekend, Dan

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Quoting Guitarbloke

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For anyone new to this thread. From page 1. This is a link to a lot of necessary learning. PA signals to watch for, putting together a plan and more. What better way to spend the weekend than reading about trading. :nerd: Enjoy folks! http://www.forexfactory.com/showpost...ostcount=23250

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Quoting protuberanec

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AUDCAD Weekly-pin from strong PPZ 0.9400(see if you zoom out)+divergence. but its in range, small space here, so my target will be near 0.9687 and i'll go to BE at FTA 0.9588 (30-40pips). {image}{image} NZDCAD pin from 0.9177 level i think price go to test TL so my target near TL. and i'll go to BE at FTA.(30 pips). {image}

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Quoting protuberanec

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AUDCAD Weekly-pin from strong PPZ 0.9400(see if you zoom out)+divergence. but its in range, small space here, so my target will be near 0.9687 and i'll go to BE at FTA 0.9588 (30-40pips). {image}{image} NZDCAD pin from 0.9177 level i think price go to test TL so my target near TL. and i'll go to BE at FTA.(30 pips). {image}

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Quoting protuberanec

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AUDCAD Weekly-pin from strong PPZ 0.9400(see if you zoom out)+divergence. but its in range, small space here, so my target will be near 0.9687 and i'll go to BE at FTA 0.9588 (30-40pips). {image}{image} NZDCAD pin from 0.9177 level i think price go to test TL so my target near TL. and i'll go to BE at FTA.(30 pips). {image}

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Quoting patapouer

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{quote} Hi, It's just me but the nose doesn't protrude enough in my book .I'd like to see the same pinbar sitting on 0.94 Take care

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Quoting kanonmicke

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{quote} Regarding your AUDCAD what is your thought if you look at lower timeframes, daily, 4h and 1h chart, it looks like it's already in a resistance area?

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Quoting deankenny21

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{quote} Hi Hawasy, I took this trade too, and your right it's a decent setup and one I like to take. I got out at BE even though, look at my chart, this is the 4 hour, I always go down 1tf to look for FTA and FTA for me was another PPZ (Green line) at this point I moved the stop to BE with the hope of the trend kicking in and breaking lower. But this did not happen, but because we trade price action, action told me this is a PPZ and must take some sort of action here either take some profits or move stop to BE. Hope this helps you especially with...

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