"Yes Keithi fully agree that little bit of knowledge is dangerous in this business.I have though read E book on Price Action Trading by Nial Fuller which shares a light on all the important points as mentioned above by you,i do need to read…"
Just a cautionary note : you mention you have learnt a bit about pin bars,inside bars and fakeys. ***A little bit of knowledge in this business can damage your account massively***. Most people will have come across…"
Thanks a lot for posting Chart which explains a lot about fibs, Ranges and Trend lines .I had so many doubts when apply these on my charts; now looking at your chart clears lot of my doubts. I was using fibs, tls, and range…"
"I know my "near naked charts are not so "cool" Vinny - ( I like keiths) - but heres a couple more you will not see in any books or videos. Please ignore them though as I dont want to confuse you or your journey - but I really do…"
"EurUsd H4 : Just some of things I look for and ‘lines’ I like to draw out on my charts Vinny that help me when hunting for trades. (Chart is from FxPro MT4 Demo) . IG Live charts are no where near as cool !
Hi vinny - checked your tick chart out and seems fairly ok - play with settings as on different charts they can be slightly different - also get your high /low in at either 15 mins or 30 mins on tick.Remember for say 60% of the time teh tick will be muddled with just random ups and down - but normally on a 30 min or 60 min time frame change you will start to see a change in direction. this normally happens with 5 mins of a main frame change. Look also for bouncy ball effect . if you have a quick 15-30 pip movement - you will get a bounce. so match time up with s& r and also with highs and lows . Your general targets are 7-25 pips within 10 -15 min max. Your stops should be ideally 5-10 pips max and when you enter you should go into profit within 2-3mins. if move does no go correctly - come out with what you have - dont wait to lose 10 pips if tahts your stop. look for 10-30 trades a day as maximum and dont try more than 3 trades an hr - sometimes i only get 2 trades in 90 mins - it will tka you a month to get use to it - and try and match it in with what you think will happen every hr etc - good luck regards Peter