Next 2-3 weeks(yes a week or two after new year), markets will be dead. Take a holiday!! you have an entire year for trading..

james16 Chart Thread

Kovalenko, yes PA will vary due to different Time zone and brokers , but the S/Rs zones should not.

james16 Chart Thread

Something i don't post. Same stuff on stock futures. I closed the trade just now. you can see the trade confirmation. not many of my trader friends believe me when i tell them i trade stocks/future on 1h/2h on intraday basis. So many of them go down ...

james16 Chart Thread

yes. Again , keep it simple for e.g the AUDCAD trade we have PPZ & TL , so one predefined value would be PPZ/TL , if there was a BRN/RN , then PPZ/TL/BRN. another e.g with say 50/61 Fib/ - PPZ/50FIB or PPZ/61FIB ..and so on.. There are not too many ...

james16 Chart Thread

take an excel sheet(very good of analytic s when you capture your trades). record the following 1. trade date and time 2. instrument/market 3. Result of trade(win/loss) 4. Entry criteria(Why you entered the trade)(predefine the values , this will ...

james16 Chart Thread

Agree, BUT when your losses show a pattern. What then? Will you then ignore them? This is why you keep a journal, its show many many hidden things that you wouldn't know otherwise. I don't have many rules , just simple things to look out for.

james16 Chart Thread

A little late on USDCAD , but BE now. image

james16 Chart Thread

When you have clear uptrend , the BRNs acting as resistance will have to be broken and will then likely act as support. Just don't trade into BRN in a ranging market. Again note that BRNs are another forms of S/Rs just like say a Fib S/R or just an ...

james16 Chart Thread

This is my entry again on AUDCAD. See the S/R Zone. Pretty straightforward in a uptrend. image

james16 Chart Thread

yes. The hardest part for you all will be picking the best S/Rs. Playing PA is not an issue for most. Picking the best S/Rs is where a lot of practice and testing is required.

james16 Chart Thread

I do have losers , but they are due to my mistakes. some very obvious , some not so obvious. I keep a record of the losers and what mistakes i make in my journal and i try not to make those mistakes again. This is how i measure my progress. Also ...

james16 Chart Thread

Aud finally moving..after news.. GBPAUD image AUDUSD image AUDJPY image EURCAD image

james16 Chart Thread

my simple rule is i move SL to BE when i see price reaching trouble areas and when major planned news is coming out(as per calendar and major news ) Regarding targets , that depends on what TF i m trading. Higher TFs(D/4h) have bigger targets , ...

james16 Chart Thread

Finally , a much required update on MT4. AUDCAD BE now. image

james16 Chart Thread

Nice move on GBPAUD. image

james16 Chart Thread

Every trader defines S/R differently. the trouble area is simply two bar highs on the daily, now acting as support.

james16 Chart Thread

EURAUD - reaching trouble area. BE now. image

james16 Chart Thread

S/R levels.

james16 Chart Thread

but every pin does NOT indicate a reversal. Hint: look at the bigger picture.

james16 Chart Thread

Why do you think it should cancel my signal?

james16 Chart Thread