Looks nice. Also see a weekly TM 1,055 a nice level s/r
Sorry for my english
Sorry for my english
james16 Chart Thread
{quote} Hi James! Thank you! But it works))) and sometimes a trade some bad patterns and pin. Small stop, then it will be too smaller.
I think this is a wrong approach; James always said to take only the A+ trade; Don't be euphoric because you win a bad trade; try next time not to take the bad trade because that can take your SL. Would you be happy with that? I think it's easy to digest a losing trade when you know that you trade the best setup
sorry for my english
as for bar type her are some material that i consider useful
Inserted Video
- #139,729
- Sep 30, 2016 2:29am Sep 30, 2016 2:29am
Anyone trading this and thoughts on the bar? *edit: would prefer a smaller body or a close below the open {image}
I pass on that one due to the PPZ it faces by 1.3150: multi bar lows on H4 and D1 + upward TL on D1 (even if the screenshot is a bit messy I admit
)Plus I don't think there is much resistance backing up the PB
Plus it has a weak close: close is above open on what is supposed to be a bearish PB...
Take care
Slow & steady
- #139,730
- Sep 30, 2016 6:17am Sep 30, 2016 6:17am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
I gotta catch up here
here is what I thought was a fantastic trade, setting up earlier this week.
Initially my hunt was for closes back below the BRN, box and TL. This was my original chart.
We then got a great beob and I sold a pullback to this area. Actually originally sold a bit lower, got out for b/e(the tinniest of losses) and got back in at a better price).
Price turns down so we move our stop and eliminate the majority of risk. Now just to see if we can get that final push
here is what I thought was a fantastic trade, setting up earlier this week.
Initially my hunt was for closes back below the BRN, box and TL. This was my original chart.
We then got a great beob and I sold a pullback to this area. Actually originally sold a bit lower, got out for b/e(the tinniest of losses) and got back in at a better price).
Price turns down so we move our stop and eliminate the majority of risk. Now just to see if we can get that final push
- #139,732
- Sep 30, 2016 7:54am Sep 30, 2016 7:54am
{quote} Hi, I pass on that one due to the PPZ it faces by 1.3150: multi bar lows on H4 and D1 + upward TL on D1 (even if the screenshot is a bit messy I admit
Thanks for input patpouer!
- #139,738
- Oct 3, 2016 9:48am Oct 3, 2016 9:48am
{quote} here is that closed trade now on the usd/mxn. We may retrace back up to the BRN again for the weekly beob and find new selling there. I will not be selling this pair again for now though Hope everyone has a great week Mike {image}
thanks for sharing this, always as informative
How did you manage the 2 successive retraces to the ~50% ret of the OB after the initial retest of 19.500?
particularly given that the 1st D1 bar closed strongly bearish while the 2nd retraced higher + closed above 19.500?
minor drawdown but major profit ups and downs
Another question when playing retraces is narrowing the best possible entry: here you may enter either by the TL / 50% retrace, or by the RN.
Sometimes the most logical entry is missed. Do you consider these simply as a trade that didn't developed the way you planned? or by a missed opportunity?
guess the answer is in the question but i'd love reading your view on that frustration question
thanks
Slow & steady
