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Journal/Archive

Is it the same as the expectancy of a trading system? It's the simple division of gross profits/gross loss. Thereby favoring trader A, who wins €10 and loses only €1, over trader B, who lost €5 and gained €10. A: 10/1=10 B: 10/5=2 Being picky and ...

james16 Chart Thread

Very nice setup! It's actually a fake-out, a BUOB and it has a wick like a pinbar. From a good location too.

james16 Chart Thread

In theory, you're not missing anything, yet, in practice 'simply waiting for a very good setup' is not that easy for most traders. Still, it is the essence of this material, so if you can hold on to that mindset, it'll help. Just remember, it's not ...

james16 Chart Thread

As Mike said above, it's more about the general story than just the bar itself. So a pinbar, even if you'd be able to quantify in an EA exactly what it should look like, does not by far tell you enough to trade on it. Not only the Pinbar - or BEOB, ...

james16 Chart Thread

I'm not sure I can answer, but I'll take a stab at it. 1. Pinbar's show exhaustion of the move preceding it. So when a PB shows up without a move before it, it's in traffic. Like this there are numerous other factors at play when picking a PB trade. ...

james16 Chart Thread

Price touched 0.8165; SL moved to 0.8227 A close below 0.8150 and I'll move the stop to 0.8205 until TP is hit. image

Journal/Archive

I've just opened up a pending Short on AUD/CHF. edit: position was entered A BEOB rejects the top of a box-consolidation, and breaks below (RN: 0.82). If price pulls back, it should be pushed out of it's prior consolidation, and therefore I'll close ...

Journal/Archive

Hi Sniper, I've been watching those stocks as well. I'd pass both of them, but for different reasons. CEMP, has a big PB, but not spectacularly much space to work with, thus having a meager R:R, which just isn't worth the risk. in this case. ARTS, ...

james16 Chart Thread

I too, made an attempt at checking the weekly stock-market. I began with the Nasdaq (full one) and this lasted me for ages, since the ThinkorSwim platform, is unavailable for non-US-citizens (< am I right?) A lot of motionless bancorps and garbage ...

james16 Chart Thread

Hi Rcubic, I think this technically qualifies as a pin, because the close is within the previous period. Apart from the above, I don't think this pin has got that much going for it. - The bar is small, relative to the massive uptrend. - The nose ...

james16 Chart Thread

Hey, This Pinbar is at a swing-low, thus having far less chance of succeeding. Seach for them at swing-highs. And just on a side-note, it's bank holiday throughout the whole market, so don't expect anything to happen before monday. (Edit): Where ...

james16 Chart Thread

If there's anyone reading here, with a decent proficiency of financial modeling, please send me a PM. I've made a risk-management system, which I would like to test under a couple of scenario's. For example, I'd like to know how many consecutive ...

Journal/Archive

Usd/cad image sl > be.

Journal/Archive

Both my CAD trades are starting to turn green. SL for USD/CAD is moved to BE, While CAD/JPY is left as is. image W

james16 Chart Thread

I know you asked Mike for his opinion, but here's mine: EUR/GBP: I think your pinbar is small, especially when compared to the downward move that preceded it. The bar itself does not straddle any major location, except for a recent low. Most ...

james16 Chart Thread

I'd be very careful taking this, because of the slow & steady approach of price. It is often those approaches that poke through to only - after making a wick - come back down. (fake-out). With Bearish PA, this might make for a great setup, but if, ...

james16 Chart Thread

Very -, extraordinarily helpful webinar Mike! The fact that boxes can help as future profitability-projections and gathering the information, so as to dissect it for all it's various intents and purposes, BRILLIANT! Not many people make it towards ...

james16 Chart Thread