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It works exactly the same as any other time frame except you have to be really sharp with managing the trade. The R/R ratios are insane. You have to get to break even quickly and you need a low spread ECN style broker.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedOh the M1 is great. No noise on that chart.
It works exactly the same as any other time frame except you have to be really sharp with managing the trade. The R/R ratios are insane. You have to get to break even quickly and you need a low spread ECN style broker.Ignored
DislikedI'm not 100% sure, but i think it will go up or down. One of these 2.Ignored
DislikedHi Guys,
Xmas is coming.
Can anyone recommend a good book for my children to get me for a Xmas present?
I trade purely pinbars on daily charts using weekly and mothly pivot points, and S&R. I am really looking for a book/articles that can help me with identifying set ups, in particular, concentrating on price action and pivot points.
Any suggestions gratefully received,
Thanks
GlynnIgnored
DislikedHi Jaroo & Seniors,
So far,i have been using the J16 style of trading ,but the issue with this style of trading is we have to wait and wait to get a good setup and you need a big account to make any kind of money. J16 style is good no doubt, but my opinion is that people who cannot afford a big account cannot trade using j16, cause you need to wait and wait , but the reality is that market makes good moves almost on a daily basis, so as traders if we cannot catch them at least 50% of time , i don't think we can make it.
Don't get me wrong here,...Ignored
DislikedHi Jaroo & Seniors,
So far,i have been using the J16 style of trading ,but the issue with this style of trading is we have to wait and wait to get a good setup and you need a big account to make any kind of money. J16 style is good no doubt, but my opinion is that people who cannot afford a big account cannot trade using j16, cause you need to wait and wait , but the reality is that market makes good moves almost on a daily basis, so as traders if we cannot catch them at least 50% of time , i don't think we can make it.
Don't get me wrong...Ignored
DislikedHi Guys,
Xmas is coming.
Can anyone recommend a good book for my children to get me for a Xmas present?
I trade purely pinbars on daily charts using weekly and mothly pivot points, and S&R. I am really looking for a book/articles that can help me with identifying set ups, in particular, concentrating on price action and pivot points.
Any suggestions gratefully received,
Thanks
GlynnIgnored
DislikedOne other thing Zamfir,
I don't have a huge account but it is getting there with J16 principles. The more I read your statements the more I can see you haven't really spent much time reading and studying this thread. I hope you do. If you are sincere about reading it you will only benefit.
Take care.Ignored
DislikedThanks Winston for the reply. Yes you may be correct in saying i have not completely grasped the j16 material. I trade mostly the pinbar with confluence setups on stocks and i watch around 100 stocks. I designed a pinbar scanner on the stocks and then i watch for the confluence when i get a alert and if there is room to move , i take the trades and if not i don't. Now i don't know if i can do any better than this. But i have been doing this for months and the good setups are still rare and sometimes i miss the good ones. This frustrates me the most....Ignored
DislikedI cannot trade forex ,since it's illegal in my country. But the j16 works really well in the forex markets.
Thanks.Ignored
DislikedHi Jaroo & Seniors,
So far,i have been using the J16 style of trading ,but the issue with this style of trading is we have to wait and wait to get a good setup and you need a big account to make any kind of money. J16 style is good no doubt, but my opinion is that people who cannot afford a big account cannot trade using j16, cause you need to wait and wait , but the reality is that market makes good moves almost on a daily basis, so as traders if we cannot catch them at least 50% of time , i don't think we can make it.
Don't get me wrong here,...Ignored