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benji533 replied Feb 25, 2010Thanks Tia. I should be much more careful with what I post I guess. I am doing James pure stuff for a while, and this is one of the things I feel are important for his style to be successful. Not because of the fact of higher profits, but because HE ...
james16 Chart Thread
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benji533 replied Feb 25, 2010Well done for not taking a loss on a winner trade
Not many have this skill.james16 Chart Thread
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benji533 replied Feb 25, 2010You know, you got me thinking. This is a damn personal thing. I might cause big damage to others if not to myself. I'm gonna cut it. Let's talk pure charts from now on.
james16 Chart Thread
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benji533 replied Feb 25, 2010Hey sir6, My stop was below the low of the pin bar, according to James16's principals. My risk on this trade was 3%. So I got out a bit before I reached 1R. I risk 3% because I am extremely conservative with the way I manage my trades, and still ...
james16 Chart Thread
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benji533 replied Feb 25, 2010No crap on my chart. Just a 4h cherry pin bar at open space, swing low. This is a pure James16 price action trade. Risk became zero at first trouble area, 13 pips away from entry point. Exited on first major 4h PPZ as this is a counter trend trade ...
james16 Chart Thread
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benji533 replied Feb 23, 2010I might be a complete noob but I swear I do not understand this post.
james16 Chart Thread
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benji533 replied Feb 23, 2010Yes. I think I would move my stop to BE at the first trouble area, which was 18 pips on a 4h chart. I won't mess with this. I do realize that I am easy talking cause I do not have yest the experience of having that kind of account size. But that's ...
james16 Chart Thread
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benji533 replied Feb 23, 2010
Yea indeed. It's time I really do understand the meaning behind your phrases jarroo. It takes time and experience to realize. These are the easiest to manage.james16 Chart Thread
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benji533 replied Feb 23, 2010Nice trade Riskee. Yea, I saw that level as well, being a daily PPZ. I closed half of my position at 8920, and gonna trail the rest. You can consider using partial profit in these kind of situations. Just an idea. It was a long wait for me since the ...
james16 Chart Thread
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benji533 replied Feb 23, 2010This market can be easily predicted by our simple knowledge of side to side support and resistance provided in this thread. By having this knowledge of what is likely to happen next IF....it's completely fine to gamble that the statement above will ...
james16 Chart Thread
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benji533 replied Feb 23, 2010Hey buddy, I didn't try to comment on your trade decision. I leave it for you. I trust you for knowing what you are doing. Just though I would use this example for showing how again as always James16's principals are working in terms of trade ...
james16 Chart Thread
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benji533 replied Feb 23, 2010I spiked as well Nasir. Not to my liking. But even B trades...managed with the James16's principals would avoid you from losing money almost every time. You should be safe by now trig. If that bars closes below support, it's likely to act as ...
james16 Chart Thread
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benji533 replied Feb 22, 2010Cool eh? As I said, I do it all the time. Great exercise, builds more confidence, and helps to prevent overtrading. Keep a record of them. It helps. I bet none of the talking heads with all the financial degrees new what is going to happen in the ...
james16 Chart Thread
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benji533 replied Feb 22, 2010Generally yes, but not that critical. For pin bars, I want the them to have a long nose relativity to recent bars (a big bar shows more strength to me), and the close of the bar must be withing the prior bar. Not yet talking about location and ...
james16 Chart Thread
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benji533 replied Feb 22, 2010! — Everyone should really print this post in bold letters, hook it above their monitor, and read it at least once a week. I know I will. Ben ------------------------------------------------------------------------------- url ...
james16 Chart Thread
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benji533 replied Feb 22, 2010Hey nickypon, I'm in no way trying to say that mark didn't give you a good analysis. But I would show you my way, which might help you in another way. ACCORDING TO JAMES16'S PRINCIPALS, WHICH THIS THREAD IS BASED ON: We want bullish outside bars at ...
james16 Chart Thread