Well spotted Alphac.
Thanks Zamfir for taking the time to post those trades. I bagged around 400 pips this week, with minimal loss.
Have a gr8 weekend all.
Undisciplined, impatient and unruly. Don't follow me kid.
Where can I learn more about Price Action like those in James16 charts? 9 replies
Disliked{quote} I test my strategies for minimum of 3 months on daily. But remember back testing is the most easiest thing to do for any trader. Anything and everything will work when back tested. The question is why does it fail when you trade it live? you find answer to that and you are on the path to success. Food for thought : if the strategy works for say 3-6 months consistently and is profitable , but fails when tested live. Where do you think the problem lies?Ignored
Disliked{quote} Thanks zamfir! you tested it on history (I used forex tester) or on demo 3 months minimum? You tested all strategy or just 1 tool, then other?Ignored
Dislikedthis just gives you an additional bar in the week and that makes SOME difference. Oanda gives this, iIgnored
DislikedSetups for Aug 10-14. Total Pips = 620. There were other setups , but they are break even for now, so not included. Also note you could make these 600 pips only if you had the sunday bar. I know most people ignore this but this just gives you an additional bar in the week and that makes SOME difference. Had this not been there you could barely make about 200 pips this week. Oanda gives this, i don't know about other brokers. Most markets were pretty dull this week. just regular chop as we close this week. Have a nice weekend. {file}Ignored
Disliked{quote} I test on historical data(min 3 months) and then demo test again for few months as per my satisfaction. Sometimes i test live. I don't understand what you mean by ALL strategy or just 1 tool. I test my strategy and not parts of it.Ignored
Disliked{quote} Thanks for sharing, very useful. Nevertheless I have some doubts regarding FTA (again). You said that you look for two or more perfect touches in highs/lows, but in your charts I have identified another FTAs with your definition that you seemed to ignore. Do you have some kind of filter? {image} {image} {image} {image} {image} Thanks in advanceIgnored
Disliked{quote} It is amazing that some short bar makes such a difference. What time of day do your bars start? 00:00 your time zone?Ignored
DislikedSetups for Aug 10-14. Total Pips = 620. There were other setups , but they are break even for now, so not included. Also note you could make these 600 pips only if you had the sunday bar. I know most people ignore this but this just gives you an additional bar in the week and that makes SOME difference. Had this not been there you could barely make about 200 pips this week. Oanda gives this, i don't know about other brokers. Most markets were pretty dull this week. just regular chop as we close this week. Have a nice weekend. {file}Ignored
Disliked{quote} My definition is correct. Read my posts again. I said clearly i take FRESH/RECENT S/R's as FTA. if i took FTA's as per the way you have marked, i would have to stop trading. The ones you have marked are NOT fresh in the sense that they have been touched or violated at some point. S/Rs have memory and this is what James looks for. But the way i trade is very short term so i have to look for untouched/fresh/recent S/Rs as targets. Also remember that S/Rs are not something very certain. They get broken all the time. you simply have to rely...Ignored
DislikedGBPUSD 4hr, not my usual sort of trade, but with everything in the right places I fancied a go at it.Ignored
DislikedGBPUSD 4hr, not my usual sort of trade, but with everything in the right places I fancied a go at it. {image} {image}Ignored
DislikedIam starting to get disappointed with this trading method. When you have a winner it rarely exceeds RR 1:1. And then taking a loss in a pin like EUR/USD today. I mean its not like there is no reasoning behind the trade. Technicals: The pin closes above the BRN of 1.1100 coming of the Fib of 38.2 and two former swing highs. Long trade is in an uptrend since August 6 and made Ok I think maybe this is a bit risky, so be clever and wait for the pin confirmation and the USD data. Good idea, pin is confirmed by a second green 4H bar. Fundamentals: US...Ignored
DislikedIam starting to get disappointed with this trading method. When you have a winner it rarely exceeds RR 1:1. And then taking a loss in a pin like EUR/USD today. I mean its not like there is no reasoning behind the trade. Technicals: The pin closes above the BRN of 1.1100 coming of the Fib of 38.2 and two former swing highs. Long trade is in an uptrend since August 6 and made Ok I think maybe this is a bit risky, so be clever and wait for the pin confirmation and the USD data. Good idea, pin is confirmed by a second green 4H bar. Fundamentals: US...Ignored
DislikedIam starting to get disappointed with this trading method. When you have a winner it rarely exceeds RR 1:1. And then taking a loss in a pin like EUR/USD today. I mean its not like there is no reasoning behind the trade. Technicals: The pin closes above the BRN of 1.1100 coming of the Fib of 38.2 and two former swing highs. Long trade is in an uptrend since August 6 and made Ok I think maybe this is a bit risky, so be clever and wait for the pin confirmation and the USD data. Good idea, pin is confirmed by a second green 4H bar. Fundamentals: US...Ignored
DislikedIam starting to get disappointed with this trading method. When you have a winner it rarely exceeds RR 1:1. And then taking a loss in a pin like EUR/USD today. I mean its not like there is no reasoning behind the trade. Technicals: The pin closes above the BRN of 1.1100 coming of the Fib of 38.2 and two former swing highs. Long trade is in an uptrend since August 6 and made Ok I think maybe this is a bit risky, so be clever and wait for the pin confirmation and the USD data. Good idea, pin is confirmed by a second green 4H bar. Fundamentals: US...Ignored