Disliked{quote} Hey Mike in USD/ZAR was this the trade that you miss? {image}Ignored
Where can I learn more about Price Action like those in James16 charts? 9 replies
Disliked{quote} Hey Mike in USD/ZAR was this the trade that you miss? {image}Ignored
Disliked{quote} actually this year even other markets i've found uninteresting. The trades have been there but it's a lot of waiting My only open trade left is sgd/jpy where i've locked in some profit now. I missed a beauty on usd/zar hourly today though It's just been slim pickings and it's good to preserver your capital now if you are struggling to find stuff. Nothing wrong with waiting. I know we all want to reach our goals ASAP but trading for real is a lot different Best Mike {image}Ignored
DislikedUSD/CAD is trading at a PPZ around 1.2900. It seems a great point to go long with SL at 1.2800. However, FTA just above 1.3200 makes it a poor R/R trade, around 1,28:1. Also, there's very little space between the last time price touched this PPZ and now, so most of the buyers at this level should be gone by now. Any insights? {image}Ignored
DislikedUSD/CAD is trading at a PPZ around 1.2900. It seems a great point to go long with SL at 1.2800. However, FTA just above 1.3200 makes it a poor R/R trade, around 1,28:1. Also, there's very little space between the last time price touched this PPZ and now, so most of the buyers at this level should be gone by now. Any insights? {image}Ignored
DislikedQuestion for Mike, but anyone can answer. Going from what I've learned from the free material is this something you would look out for. This is AUDUSD, yesterdays almost pinbar failed to close within the little box/ previous highs, would you now watch for price to bounce on the high and possibly go higher? Or for price to close under it now then retest resistance and possibly enter then. I'm not taking the trade, just interested in what your thoughts are and if I'm understanding the material correctly. Thanks http://i.imgur.com/rTe1OGH.png?1...Ignored
Disliked{quote} Hey Osyrius As Bill said I think you are looking at an important market area but this is a VERY strong downtrend. I'd be cautious to want to just jump in here without more information The weekly flip sits a bit lower and might be where the market wants to head first. So certainly a great area to watch, but i'd be waiting for more information to see what the buyers/sellers are doing around here Best Mike {image}Ignored
DislikedNZD/USD, breakout with some support shown on lower T'F's. Finally some action! I like the feel of this one despite there being no J16 bar yet but i have jumped in early just in case it takes off during the "Asian Chop". 0.720 is the ultimate target, small stop so little risk. Will scale in with multiple entries if price goes my way... Happy Trading Y'all{image}
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Disliked{quote} Hey Mike, Have probably asked you this before but do you use any EMA's or SMA's ?? Thanks in advance. BillIgnored
DislikedNZD/USD, breakout with some support shown on lower T'F's. Finally some action! I like the feel of this one despite there being no J16 bar yet but i have jumped in early just in case it takes off during the "Asian Chop". 0.720 is the ultimate target, small stop so little risk. Will scale in with multiple entries if price goes my way... Happy Trading Y'all{image}
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Disliked{quote} Hi Bill, I have a question for you. You said: "small stop, so little risk". It is not the first time what I have seen this but I am not really sure that I understand it. In my opinion the risk does not depend on the size of SL directly. It is a combination of the size of SL and amounts of lots. And if you calculate the amount of lots from the percentage risk on one single trade, the risk is still the same. No matter the size of SL is. Thus for me small stop = big potencial (big risk reward ratio) That is why I dont understand: small stop...Ignored
DislikedNZD/USD, breakout with some support shown on lower T'F's. Finally some action! I like the feel of this one despite there being no J16 bar yet but i have jumped in early just in case it takes off during the "Asian Chop". 0.720 is the ultimate target, small stop so little risk. Will scale in with multiple entries if price goes my way... Happy Trading Y'all{image}
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Disliked{quote} Bummer, stopped out as the markets went crazy on all the US fundamental data released Friday. Oh well, i still think this pair had pip potential next week. Have a great weekend all. BillIgnored
Disliked{quote} Hi Bill, I still believe this could be a great trade, we've clearly broke above this key area of resistance, re-tested and moved away. I think this could be a great set-up going into next week. {image}Ignored