I believe one of the reason some trade intraday is due to the ability to grow a smaller account large in a shorter amount of time compared to larger time frame. Trading smaller time frame allows you to trade larger position size due to smaller risk. ...

Why even daytrade?

Decided to take this CT pin with divergence. Risking 1% and going for 2%, will be moving stop to BE at FTA though

james16 Chart Thread

That is indeed a bearish outside at swing high if it closes like that but a couple thing. Overall trend has been up. This will be a counter-trend if taken. Is there divergence? If there is then potential trade. But before that, take a look at some ...

james16 Chart Thread

gbp/usd trade got stopped out before going my way. lost 1% eur/usd target hit for a nice 4% gain eur/jpy half off table at 4% and trailing rest i think this year will be a good one! have to thank this thread

james16 Chart Thread

this trade just triggered on gbp/usd trend is DOWN location at PPZ and more importantly a very evident supply zone PA formed I4B, IB whatever you want to call it low risk high reward also confluence with descending trendline risk is 1% on this one

james16 Chart Thread

The trade actually triggered by an inside bar in the hourly chart. It just so happen that the 4 hour formed a PB shortly after I entered.

james16 Chart Thread

eur/usd pb at swing top confluence with PPZ and supply zone trend is DOWN entry was made before pinbar is broken but it was based of an IB in the hourly chart risk is 2%. looking to exit at 1.3000RN two trades to start the new year. lets see how it ...

james16 Chart Thread

eur/jpy retrace to ppz formed ib confluence with fib (not shown) trend is down so will be trading with trend risk is 2%. stop will be moved to BE at 1% gain

james16 Chart Thread

Yep. Not on this pair. But look at usd/jpy, it has a clear cut support there.

james16 Chart Thread

very clear divergence going on. trend is DOWN but divergence is strong. the only thing missing is the all-important PA.

james16 Chart Thread

any takers on euro? pinbar at swing low. not a good sized one though. trend is DOWN but divergence forming for a potential CT trade. location is on support formed nearly ago (early january this year) confluence with 1.29

james16 Chart Thread

While I was expecting something else from rac's pdf, I was pleased with what it currently holds. It is actually something that I finally grasp a few days before I read the password of the pdf was released so there was some irony there.

raczekfx chart thread

Closed Friday with a nice sized PB that is with the trend too. Confluence with PPZ and fibs.

james16 Chart Thread

hope everyone made some good pips with aussie trade! just in time for christmas shopping right it was a really good setup considering how price was congested there, then created a daily BEOB at an area full of confluences...200EMA, PPZ, RN, FIBS ...

james16 Chart Thread

eur/aud very strong support + 1.300RN + BUOB plenty of room until very clear and defined FTA

james16 Chart Thread

after days of indecision on resistance. we get our answer

james16 Chart Thread

pinbar, divergence, and resistance.

james16 Chart Thread

smack dab against confluences of resistance and many days of indecisive bars...where could we possibly be going

james16 Chart Thread

It's unfortunate to see you part from FF rac. Your charts have constantly amaze me and i like the simplicity of it. I definitely agree with you that trading is all psychology though. It's one of those things that I am slowly piecing together...

raczekfx chart thread

Happy bday Mike! Have a great one!

james16 Chart Thread