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benji533 replied Feb 27, 2010Fear — Think about fear....what fear really is, what are the results of fear, how can one deal with fear, and what does it have to do with trading. For me fear is the enemy that works against you from nature. Fear is not coming from the person ...
james16 Chart Thread
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benji533 replied Feb 27, 2010Hey Pinnocchio, Lets break down this pair according to James16's principals. First of all, we want to trade bearish price action bars at swing highs, and bullish price action bars at swing lows. Here we have a bearish pin not at a swing point. ...
james16 Chart Thread
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benji533 replied Feb 27, 2010[quote=ljr;3504363]Thanks Benji this helps If I understand correctly you identified your first target/trouble area but were also aware of that single bar low which may cause problems. As price reaches the single bar low area you watch carefully to ...
james16 Chart Thread
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benji533 replied Feb 27, 2010Well, you are right. My chart is a bit confusing. What I tried to show by that box is how far is the first major trouble area that most likely price will reach and reserve (there I would take full or partial profit). I define space like I learned ...
james16 Chart Thread
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benji533 replied Feb 26, 2010Thanks again for sharing this Ryan. Just bookmarked this post. I have to do some more thinking. I think the only way to take control at the end of the day is through experience. Would be interesting to check this post again at some point in the ...
james16 Chart Thread
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benji533 replied Feb 26, 2010Being able to do that, especially on a 5 min chart is a very special and valuable ability in my opinion. That the top of controlling your emotions. Controlling emotions is a very hard thing for humans to do, and I would even say a rare audibility. ...
james16 Chart Thread
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benji533 replied Feb 26, 2010Seems like I missed that post. Awesome job like always bud

james16 Chart Thread
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benji533 replied Feb 26, 2010And I believe this draw down effect is a very bad psychological and emotional effect on big account holders. That kind of draw down makes james kill his trades with a loss, and then see it become a winner after he exited....which lead to additional ...
james16 Chart Thread
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benji533 replied Feb 26, 2010I agree. I do not like the great spike up (falling knife). That pin can very well be Friday take profit orders. After this kind of move I would like to see more confluence. If that pin was off the 0.9000 round number in the middle of the week, I ...
james16 Chart Thread
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benji533 replied Feb 26, 2010That's because no one watches James16's videos, following his principal, and trying to get inside his mindset as a trader. Or not letting this stuff sink in? All I needed is a few shots of James "rants and charts" video. Man, that thing worth like ...
james16 Chart Thread
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benji533 replied Feb 26, 2010lol sorry for attacking this thread today. just so much good opportunities. Here is another one which could make a great deal to your account if managed correctly. I missed it. It's just pure quality of price action bars at the right locations. ...
james16 Chart Thread
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benji533 replied Feb 26, 2010Here is an example for an A+++ trade in my book. Great looking pinbar at a double bottom with divergence off a big round number. I do not trade the 1h, but I thought it would be cool watching. Spot these on daily, and imo you get one of the best ...
james16 Chart Thread
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benji533 replied Feb 26, 2010And here is another BE trade from a few days back. I moved my stop to break even at the first trouble area, 23 pips away, within 30 minuets. Yes, I miss big moves sometimes. But does it make me thinking about my method? hell no. I won't change my ...
james16 Chart Thread
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benji533 replied Feb 26, 2010I remember a few weeks back someone asked me if moving my stop to break even at the first trouble instead of letting it more space have saved me from a lose. He wanted an example. Here is a recent example. I took this bar as a pure James16 trade. A ...
james16 Chart Thread
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benji533 replied Feb 25, 2010Hey vlazaf, I believe every single bar low and bar high is their for a reason. That's the reason you see lines on my charts and not rectangle zones. Although pivot zones are zones, the minor pivots, or exact locations where price stalls are more ...
james16 Chart Thread