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    • zamfir replied Jun 12, 2015

      1. 5450 was a major PPZ and we had broken out of that and then we had a pullback to that.on the pullback we got a BUOB confirming that price is still headed upwards. So when we have signs of going up , resistance areas are bound to be broken. It was ...

      james16 Chart Thread
    • zamfir replied Jun 12, 2015

      I don't know about your feed, but on my feed i had a PPZ at 131.50 and my entry was @ 131.85. On my feed price touched 131.51 and retraced. Question as to why the entry without any PA confirmation , well lets see what we have here 1. we are in ...

      james16 Chart Thread
    • zamfir replied Jun 12, 2015

      This is a fine example for your query. We got the BUOB yesterday and i placed the order after i saw the BUOB. Today whole day it was mumbling around my entry price and now we have a breakout from the entry. GBP/USD - BE. image

      james16 Chart Thread
    • zamfir replied Jun 12, 2015

      No, i let the trade workout after the bar confimation, even if its mumbling around. Sometimes you get a nice PA confirmation at the end of the day and price moves the next day during london/newyork session.

      james16 Chart Thread
    • zamfir replied Jun 10, 2015

      Well my way of managing the trades is quite simple. Depending on the market conditions 1. if market is consolidating/sideways - i take profit at the FTA. 2. if markets are trending - i have my PPZ and i trail my SL behind the PPZs and let the price ...

      james16 Chart Thread
    • zamfir replied Jun 9, 2015

      Locking in targets and moving SL is a part of trade management. Trade management is purely subjective and depends on your a/c size and hence your psychology. There is no right or wrong way. I have no idea how many pips you want to make per month , i ...

      james16 Chart Thread
    • zamfir replied Jun 9, 2015

      Aelgen, When price retraced to the support area, there was no confirmation of resistance. Had it given a bar confirmation then you could go short. My guess is that you were trying to play a touch trade. For a touch trade you need a good amount of ...

      james16 Chart Thread
    • zamfir replied Jun 9, 2015

      Mike will be better able to give a even more detail response. I m just giving you my opinion. Firstly , you are too focused on minor details like traffic / space ...etc. what you need to do is take a step back and look at the market conditions. ...

      james16 Chart Thread