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
Bill
Where can I learn more about Price Action like those in James16 charts? 9 replies
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
Disliked{quote} Good point sir. The trade was changed to a break even stop once the price moved toward the target. Thank you for the comment. I should have noted on my post. K.I.S.S.Ignored
Disliked{quote} The problem with this pair going north is that solid downtrend, right now it's working hard into a headwind. Having said that, there's a good sign on the W1. Perhaps price has completed its full retrace and is now headed north? For me though, given that downtrend, i won't be going long until there's a break of the W1 BUOB (there's some good space above that to make some serious pip-a-dee-doo-daas... Bill {image}Ignored
Disliked{quote} Hi James, You are right to be confused because maybe i do things differently from some/most?? In fact, it's almost guaranteed! Essentially, i do not risk the same % each trade, although it's usually similar. I have a risk limit/ceiling of course but sometimes, as in this case, my capital % at risk is a nice amount less than my maximum %. Why?? I like to keep my starting lot size the same and add-on more lots if price is moving my way, and it's nothing more than purely a personal preference thing for me, because i like the "feeling" i get...Ignored
Disliked{quote} Thank you for explanation. The important message here for me is a "dont want to loose my money first of all" methology. Maybe one of the reasons why I am still struggling, is that I am too profit oriented. Thanks for inspiration. JamesIgnored
DislikedSell limit order 109.59 to go short. USD/JPY H1 BEOVB Sell order triggered. {image}Ignored
Disliked{quote} Hi, Nice location, locked a profit with nice PA. {image} AdhavIgnored
Disliked{image} On Dollar index the price should go to 94,0 where we have round number and we finalized a AB=CD pattern. from there we should see a move towards 97,0.Ignored
Disliked{quote} price reach to 94,0. from there we go up. first to 95,4, after that 96,35 and maybe 97,0{image}Ignored