DislikedHi Danny,
For the USD/CHF, FTA is around 1.072ish on the 4H TF. Should this be looked at as First trouble area instead of the 1.08ish on your weekly chart?
Still learning......
CYIgnored
![](https://resources.faireconomy.media/images/emojis/64/1f60a.png?v=15.1)
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHi Danny,
For the USD/CHF, FTA is around 1.072ish on the 4H TF. Should this be looked at as First trouble area instead of the 1.08ish on your weekly chart?
Still learning......
CYIgnored
DislikedIt's 9.50 PM here.
And i am still in the office.
Thanks to Auditors.
Which leads me at this piont:
Why Aren't We Rich Daddy?
.Ignored
DislikedThat's annoying. Around about the time of the day where patience goes downhill too, especially if you haven't eaten yet. lolIgnored
DislikedSqueezy and Nasir. The original chart posted by Squeezy was CHF/JPY. Now talking about USD/JPY? I am confused... (http://www.forexfactory.com/showpost...ostcount=58972)Ignored
DislikedHi Danny,
For the USD/CHF, FTA is around 1.072ish on the 4H TF. Should this be looked at as First trouble area instead of the 1.08ish on your weekly chart?
Still learning......
CYIgnored
DislikedHis daughter came over to the computer and looked at the screen as he excitedly showed her where he had bought a Stock and then sold for a $13000 profit. She looked at him and said, “But daddy, it's still going up, why did you sell now?”
His daughter's simple, logical question 5 weeks earlier had been worth over $20000!
That was the last time he ever got out of a trade based on his emotions. His fear of the market was gone - thanks to some simple questions from a 7 year old...Ignored
DislikedSomeone really needs to try and teach a 5 years old kid that has an artist's eyes how to read the market and identify patterns without explaining anything further about money. Let him take a decision each day before going to bed based on his pure knowledge and care free mind of child. I bet he will make more money than most of these great analysists that know everything about orderflow etc.Ignored
DislikedWhat did I say about teaching a 5 years old kid to define certain patterns and let him trade ?
It is that simple. The 7 years old in your story have been taught a simple rule about the trend pattern. The dad invested his last 15 damn years of his life trying to figure out how to crack up the market and his 7 years old girl done it with zero effort.
Carefree mind and simplicity of a child was all the dad needed. These children do not have to avoid their fear and greed, or have courage, self control etc because they are care free. There is no threat...Ignored
DislikedWhat did I say about teaching a 5 years old kid to define certain patterns and let him trade ?
It is that simple. The 7 years old in your story have been taught a simple rule about the trend pattern. The dad invested his last 15 damn years of his life trying to figure out how to crack up the market and his 7 yeas old girl done it with zero effort.
Carefree mind and simplicity of a child was all the dad needed.Ignored
DislikedLOL
be careful what you wish....you never know what the future will bring
all the best!!Ignored
DislikedYou nail down the core of the story in a pure forme, focusing only to the obvious which is the only think that matter = KISS
We as human being are by our nature minded to overcomplicate thinghs when the obvious is stare in our faces. We keep doing the same mistakes over and over. But one man can figure out not doing the same mistake twice but this will not save him not to do the "mother" and the "father" or all the "family" of that mistake.
The father has achieved financial freedom only because he had the humility to accept...Ignored
DislikedNot knowing that their is risk/accepting the risk = no threat = no emotional mechanizem defense = to reason to fight or avoid fear, greed, self control, have courage ect because there is nothing to fight or avoid.
Accepting risk and becoming carefree is not something you can "try doing". There is no strict process that you have to go through. It's a mental shift that happens under certain circumstances when you aren't even aware of. Many times it's mental pain and suffer that push you to the edge. That can explain why people say that you need...Ignored
DislikedDitto what lovejoy said. I stick to the timeframe I entered to manage my trade.
BTW, what is an "FTA"?
-- DannyIgnored
DislikedCarefree mind and simplicity of a child was all the dad needed. These children do not have to avoid their fear and greed, or have courage, self control etc because they are care free. There is no threat or anything in their eyes, no risk. No internal conflict of emotions, and no reactions emotion based.Ignored
DislikedI think it takes a level of consistency before you overcome the fear of losing....Ignored
DislikedA child has no concept of risk.
And a trader without a concept of risk is a liability.Ignored