Yep. What mike said, kk. And if TraderTT is watching too, this is what I was talking about. (marked on included copy of KK's chart.) I mean, LOOK at the size of this bar compared to ALL the others on the screen!! ...It has a statement to get across! ...

james16 Chart Thread

Nice.

james16 Chart Thread

The reason the R:R idea is skewed in this particular case is that the 7:1 Risk:Reward outcome isn't a locked in result. ...That's the bit people aren't able to fathom. That 7:1 result wasn't a planned stop:target trade. It was an entry into a trade ...

james16 Chart Thread

Ghous ,mate.... wow. That took a lot of courage.

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Except you play guitar instead of sing though don't you? lol Parents fans? Or co-incedence?

james16 Chart Thread

Man, don't abandon your R:R ideals! ....That's not what's taught here at all. It's like you said, "Open mind". The market gives you what it gives you. Narrow your trades down to those that satisfy that R:R need too if you like. ....For your primary ...

james16 Chart Thread

Well said. It's a real trap thinking "It can't possibly go any further." Because it can and often does.

james16 Chart Thread

YES on space to move, but MUST ALSO HAVE other good supporting factors. It's the same as all the other set ups. Limit yourself to the very best locations to trade off of. For example... Off of the strongest PPZs , or top of a proven channel, strong ...

james16 Chart Thread

Develop a case individually for each direction. Does case 1 (long) have enough room before hitting potential trouble? Does case 2 (short) have enough room before hitting potential trouble? Most of the time one way is a way better trade potential ...

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haha.... see, now why didn't we check the W chart? oh well. (Switch to candles and that IB's a Bullish Engulfing pattern too, btw)

james16 Chart Thread

LOL. You KNOW it will. I honestly get a kick out of just watching ones like this play out as we expect. (reacting to the levels we read. ) ...So I'll be stoked if it does run. Even when on the sidelines. It just solidifies the techniques, eh? ...

james16 Chart Thread

It's cool. I'm hearing ya. Different book for sure. lol ...Sorry, I meant "Retrace of the signal bar" entries. I have no trouble at all playing retraces of outside bars when they are in the right spot. (Usually after consolidation breakouts etc.) ...

james16 Chart Thread

Not so sure about that. Haven't set a trade yet. lol My chart actually has another PPZ that's hidden by the price line that I'd play an entry off. My thoughts were entering right now (unconfirmed) and watching the 9100 level. The PA just 'looks' ...

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I like that actually. So, yeah.... Feelin' it. lol Nicely spotted.

james16 Chart Thread

Oh, 'Hell yeah' they did!

james16 Chart Thread

...and thanks for the rest of the post too. I love drinking in that stuff.

james16 Chart Thread

Yep

james16 Chart Thread

And I was going to strongly disagree. LOL. I totally do what Tradertt has done. It's a confluence for christs sake and I use it exactly this way!! Thought everyone here did?!? LOL

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The good thing about this method is it is more of a solid foundation. You can build a style that suits you on top of it.

james16 Chart Thread

I understand why you were confused about what I was asking. My fault. Wasn't asking, just suggesting you have a look at it. lol Ghous' feelings on this are pretty close to mine. In relation to what I'm expecting to happen. ( "Expecting" doesn't stop ...

james16 Chart Thread