Best
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI know everyone wants to quit their day job, but let me tell you this is a tough enough business to learn, you need a mighty mighty large account if you want to do that(depending on where you live and tons of other factors).Ignored
DislikedPA is PA. It works in ALL markets. It's about understanding the situation at hand though. BUilding confluence, knowing where price is likely to go, understanding how to manage the situation. Start with the basics.Ignored
Dislikedchart:
http://i45.tinypic.com/jl0aj6.jpg
thx for help.
ps. this last bar it's 2 pips above that previousIgnored
DislikedOMG! in my FXCM, it's not BUOB!! >_<
I'm going to get a FXPro!!Ignored
DislikedOMG! in my FXCM, it's not BUOB!! >_<
I'm going to get a FXPro!!Ignored
DislikedHi j16 traders! It's been long time since i started to practice trading with the help of this thread and now im been live trading 6 months and i had to post my sincerest thank you to this community! I think im beginning to understand terms quality and patience and im on my way of slowly but surely growing account. What i think is crucial, Ive found my own habit of doing this business like it has always been part of my life. I think why its thanks to demo process james always emphasizes..
Btw this usdcad was nice! Two thirds taken, the rest tries...Ignored
DislikedThat reminds me,
With everything equal, would you enter a bullish/bearish inside bar or outside bar?
I couldn't work it work
An outside bar would indicate that the crowd has decided
an inside bar would indicate that the crowd is indecisive
so should I give more points to outside bar?
Confused forex newbieIgnored
DislikedIgnored
DislikedHey Haba
Be careful here. Technically this bar is not a pinbar as the close was not within the previous bar. That's important here because it can show the strength of our bars. In this case price is coming of some stronger bullish bars and price looks like it bounced more then it wants to sell. With the smaller bar and weaker close we can get a tip of that it might not be ready to come down yet
Let me know if that makes sense
MikeIgnored
DislikedOk, I understand now, thank you. However, these targets look awfully close to the entry and a decent s/l (on the other side of the LCS/HCR) will be multiple times the first target. Also I do see at the example that you are trading into areas with very little "space". Am I correct to say that this is more of a scalping method around LCS/HCR levels?Ignored
DislikedPretty simple trade I took Last night ... Almost at BE now . Chart is all self explanatory ...
Just gotta clear above the yellow zone and we might have a decent runner ...Ignored
DislikedHi Jarroo, I've been following/learning your method for a while, just wondering if you could have a look at these charts of mine and let me know your thoughts and opinions on them.
EU Weekly & Daily - Failed levels. Put down the Weekly (W) LCS levels. Traded of the Daily. Are these valid W levels ? Any reason why you think this trade failed ?
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EUR/NZD Weekly & Daily - Seems to be a winning trade. I'm more interested in whether you consider these W LCS levels valid. Are they at the...Ignored