I'm pretty much done with all this ...
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Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedYou have to remember that Mike aka MBQB11 get most of his trades to LONG TERM cap gains and has to get them a birthday cake LOLIgnored
Dislikedjust going to ride it out, Not going to scalp off the daily to me that's dumb and if I wanted to do that I would go back to the 5min. Game plan is LONG TERM so I dont have to watch this crap, win or lose I really dont care as long as I can hit a 50% win rate with a good R:R the rest is just time. Hell give me 55% win rate with a 1:1 and I can have a good life, but with the 100 risk and 150-200 return that 50% hits 75% at a 1:1 ratio..
Flip a coin and heads you get 35c tails you lose 25c, in time you are going to make money lolIgnored
DislikedHad not thought of that way - He has trades on that are older than his underwear!
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That PB is not a MBQB11 style bar at all (that I am aware of anyway). He certainly is capable, but it does not fit in his trading plan, so it is not something he looks for.Ignored
DislikedLol actually most of my profits are made on the four and one hour so most last under a day. I guess this is still close to older then me lolIgnored
DislikedNot seeing much on the 1hr the past day or so, seems like lots of sideways crap.Ignored
DislikedNot seeing much on the 1hr the past day or so, seems like lots of sideways crap.Ignored
DislikedBingo and GREAT post mike.
Once you figure out what your style is, you just look for the same types of things over and over. So it becomes difficult when a chart is posted and the question is. Is this a good potential trade? The answer can be yes/no and then it depends on your style. Of course with that said, I can look at any chart, any decent bar and have a pretty good idea where it will likely go. The difference b/w any chart, and the the charts I look for is seeing the same types of things over and over and just reacting better to them. When...Ignored
Dislikedtons of pretty big chop, agreed. Been doing a lot of "waiting". What happened to the exciting life of a trader I was promised by those TV commercials!Ignored
DislikedSpotted this mini pin on the daily. Not at a major swing high but good enough to signal a continuation south? What do you think ppl?Ignored
DislikedYep 100 ways to do it, the key is keeping CONSISTANT and not jumping to 100 different ways to trade after 1 loss.Ignored
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Thanks SP I think your post will flick on some light bulbs. 90 watt
MikeIgnored
DislikedYep 100 ways to do it, the key is keeping CONSISTANT and not jumping to 100 different ways to trade after 1 loss.Ignored
DislikedHere is an example where we would be searching for shorts. So we are drawing the fib from high to low, showing the lowest numbers on the bottom and increasing as they move up. So as price rises(or retraces) into the fib numbers it has retraced a larger amount of the measured move(where the fib was drawn from Swing high to the swing low). So price has already moved past the 23.6, and is approaching the 38.2. So the reason the numbers go from low to high, is b/c they represent the percentage the move has retraced of the larger down move. When we hit...Ignored
Dislikedi cant remember if we have a fib video up on the guest side mike.
i forget sometimes just how "new" that "new" can actually be sometimes.
mike or i will do a fib video soon and put it up in the guest area.
if you beat me to it mike do a section on confluence with the fibs and other areas also along with just the basics....Ignored
DislikedI have one up on our main side, maybe I will just redo a new one though for the guest, and try to keep it more simple and too the point then that one. Will do it this weekend
On a side note is everyone else hearing Michael Jackson is dead. Unbelievable and sad if true.Ignored
DislikedI have one up on our main side, maybe I will just redo a new one though for the guest, and try to keep it more simple and too the point then that one. Will do it this weekend
On a side note is everyone else hearing Michael Jackson is dead. Unbelievable and sad if true.Ignored