DislikedI am watching it as a daily trendline breakout trade...The BUoB on the weekly is good but the 0.677 ppz just over it made me stay out of a pure break of a BUOB trade...It's on the watchlist
Regards,
Ghous.Ignored
![](https://resources.faireconomy.media/images/emojis/64/1f44d.png?v=15.1)
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI am watching it as a daily trendline breakout trade...The BUoB on the weekly is good but the 0.677 ppz just over it made me stay out of a pure break of a BUOB trade...It's on the watchlist
Regards,
Ghous.Ignored
DislikedThat's right but at the end of the day there is a difference between say "30 pip SL and a 60 pip tp" and a "300 pip SL and a 600 pip tp" it has a close link with your account size and risk appetite, risk/reward is'nt everything...Ignored
Dislikedactually there is no difference
If the pair with a 300 pip sl and 600 pip take profit moves 2000 pips a day. Not different then the euro moving 100 pips a day and you are having a 30 pip sl 60 pip tp value. Just chop a zero off scenario one and you are right wehre you started.
It is all relative, and is a common mistake about spreads and all that.Ignored
Dislikedactually there is no difference
If the pair with a 300 pip sl and 600 pip take profit moves 2000 pips a day. Not different then the euro moving 100 pips a day and you are having a 30 pip sl 60 pip tp value. Just chop a zero off scenario one and you are right wehre you started.
It is all relative, and is a common mistake about spreads and all that.Ignored
DislikedThat's right but at the end of the day there is a difference between say "30 pip SL and a 60 pip tp" and a "300 pip SL and a 600 pip tp" it has a close link with your account size and risk appetite, risk/reward is'nt everything...Ignored
DislikedIt's also the reason why the
"10 pips a day"
and "How many pips do you need to earn a month ?"
Threads are the worst garbage ever.Ignored
Dislikedactually there is no difference, the only difference comes from those who don't understand position sizing and have the wrong account types for their account size(ie a mini account for a 500$ bankroll)
If the pair with a 300 pip sl and 600 pip take profit moves 2000 pips a day. Not different then the euro moving 100 pips a day and you are having a 30 pip sl 60 pip tp value. Just chop a zero off scenario one and you are right wehre you started.
It is all relative, and is a common mistake about spreads and all that.Ignored
QuoteDislikedUnless I'm doing something wrong though,
USD/PLN pip value is only $2.85/standard lot ...
http://www.earnforex.com/pip_value_calculator.php
Best to only trade minor currencies during their market hours though for liquidity reasons. Maybe even only use the data from their open market hours.
Josh
DislikedTrue. Isn't it about the percentage by which your account increases?Ignored
DislikedThat's right but at the end of the day there is a difference between say "30 pip SL and a 60 pip tp" and a "300 pip SL and a 600 pip tp" it has a close link with your account size and risk appetite, risk/reward is'nt everything...Ignored
DislikedIndeed sir, Anyone that asks another trader "how many pips they are making" blah blah blah is not trading long enough to know that that question in itself is useless. A 300 pip SL weekly trade will have a different $/pip than a 50pip intraday trade.
I remember when I first started out I had loads of pretty tables drawn out of how many pips I had to make a month to earn x amount of money :nerd:0 .
oh lawd
You can be negative on pips and still be positive in terms of % increase in account size at the end of any given week or month, or year...Ignored
Dislikedwhy is that...? That's easy money (Jeff's exotic); even with a 100ps spread we'll get to 3.20 very soon...Ignored
DislikedDoes the PF still have live Skype classroom sessions? Where James and others will share their screen? I just read that this was happening about a year ago.
Also wondered if there was still a daily chat session for guests. (thought I had read this, maybe not.) I still have to invest days into the guest session of the James 16 site...
just curious for now I guess.
JoshIgnored
DislikedHey all.....back after a wee rest
Hi Josh...the live sessions on the PF are still cranking along...you either watch them live and ask questions or download them to view later.
i think there are plans for a guest chatroom??....Jim and Mike will be able to answer that
And a few of us shoot the breeze via Skype and discuss trades alsoIgnored
DislikedWelcome back Dave,
I often find that rests sort of give my head a rest and allow me to trade better. . A fresh mind and all thatIgnored
DislikedCheer mate
You are so right....it's good stepping away every so often for a rechargeIgnored