Placing an equity trade on ANW: BEOB at swing high with divergence on MACD, entry on retrace (watching out for the FTA, and target shown in pic).
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedLet see how this one works out.Only 1.5% risk, fakeout, ppz, BRN...12h beob(if you need).... Hey Mike, I know what I have to do if the price goes in my favor or against me (20.50 does not hold as res). Thank you very much for your priceless webinars. BTW, same story in 2-23-16 webinar minute 6:45{image}
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Disliked{quote} Hey Hendz If you are going to use such tight stops then you need to be pinpointing your areas as best as possible. Yes some will start on a higher timeframe and work down to do this. Although most will struggle doing this because they are taking on a lot more information. What's best is to trade off the same timeframe you are looking for your price action on. Then pinpoint your entry. For example entering as CLOSE to the pivotal area as possible. This is a good way to get tighter stops. Best MikeIgnored
DislikedHello. I am new in this thread. And here is a lot of information to read. What do you suggest to start with?Ignored
DislikedHey Mike, Let me show you how much valuable info you put into your webinars! After I watched 5-6 webinars I understood your are saying the same thing in every one(only the charts are different). Your tools are simple stuff with very much common sense and putting together with MM, dynamic RR(this is very important) and trade management are making the difference between a BE trader ( which I used to be) and a profitable one. I am not afraid to take a trade anymore. It could be a small loss, a small win or a big win!.... I zoomed in the chart to have...Ignored
Disliked{quote} IMHO just read it slowly. Jim's chart is good to watch it about 30 seconds. If you are bored with reading, try search on Google this james16.pdf you can also go to Jim's website. But, when I did it before, I just didn't believe what I look. This thing must be read slow and repeating. Â I'm also new here. Just about six months. Welcome.Ignored
DislikedHello. I am new in this thread. And here is a lot of information to read. What do you suggest to start with?Ignored
Disliked{quote} The thread is so big! You are better to find the main senior posters, and search through their images and posts, try and look out for: Mbqb11 James16, joelcf, Ghous, Raczekfx, storagepro, bundryraider, Tiaforex. Just search through 'pin bar' 'breakout' 'divergence' and things like that, should shorten the learning curve!Ignored
DislikedHey Mike, Let me show you how much valuable info you put into your webinars! After I watched 5-6 webinars I understood your are saying the same thing in every one(only the charts are different). Your tools are simple stuff with very much common sense and putting together with MM, dynamic RR(this is very important) and trade management are making the difference between a BE trader ( which I used to be) and a profitable one. I am not afraid to take a trade anymore. It could be a small loss, a small win or a big win!.... I zoomed in the chart to have...Ignored
Disliked{quote} Hey mate, You have the right idea, imo, in that you are wanting to enter on a retrace to a nice s/r pivot. IMO though it's best to enter trades like this when the pullback to the s/r level is close by , as opposed to quite far away in this case, pic attached {image}Ignored