Alright, I have banked half my profits. The other half trying to put my SL to BE, but the spreads are so wide (15-18 pips) even at this price i cant put it to my entry price! but 15 pips above.

james16 Chart Thread

Oh! I've always thought that the forex market closes on weekends when the charts stopped moving. image My trade is working out! At least a good end to the week. Im hoping for it to fall to 1.5422..but for a friday night i'm not sure if ...

james16 Chart Thread

What time does the forex market close? is it in 2 or hours' time? I live in asia and it is friday night. Wanna take some profits and let the rest ride next week.

james16 Chart Thread

yeah..there seem to have S/R everywhere whether it is PB or BOVB that makes many trades not worth while.

james16 Chart Thread

Noted with thanks. Actually for me one of my reasons for a bearish outlook is the divergence I spotted on weekly. Looks like an engulfing pattern forming by the end of this week too. image

james16 Chart Thread

Anybody notice the BOVB on USDCAD and GBPCAD? looks good and follow the trend. image

james16 Chart Thread

Eurjpy had about the same kind of behavior to eurusd..and i bailed out early taking 120 pip loss. LESSON LEARNT!

james16 Chart Thread

Yeah lesson learnt. Was just adverse to take full bar losses..guess now its worse..

james16 Chart Thread

Yeah..but they did say that you can choose ur stops at 61.8 fib or several pips away from the break after retracement.

james16 Chart Thread

Guys, just thought I did a rant over here.. i entered EURUSD on the break of the first pin bar and got stopped out. Look at where it is headed now! image Now i think i rather place my stops at the end of the bar rather then conservatively. ...

james16 Chart Thread

When do you guys move your stop loss to BE? When the price hit the FTA or when you see around 30 pips of profit? And also, how much of the position you TP and let the rest ride when price hits the FTA?

james16 Chart Thread

I'm having those problems now. Trading while thinking at the back of your head the bills and payment you need to make just ain't good. I guess that is the real skill and one of the last hurdles I face.

james16 Chart Thread

Hey thanks dude. I think I need to think carefully on this.

james16 Chart Thread

I have tried all ways but i don't know what is best. If I put a stop all the way behind the bullish/bearish bar, a break and subsequent failure of the bar will take away alot of money. I concentrate on playing mainly pinbars and engulfing patterns ...

james16 Chart Thread

Hi guys, i would like to know .. when you take pinbar trades and enter at the break of the high/low of the pin bar..where do you place your SL?

james16 Chart Thread

anybody eyeing GBPCHF on 4 hr TF? image engulfing.. will be taking the trade at the break.

james16 Chart Thread

yeah..teach tuition.

james16 Chart Thread

i bailed on that too. hoping on re-entering on either EURCHF or GBPCHF based on the weekly pin bar. Anybody out there holding on to those pairs? where are your profit targets?

james16 Chart Thread

I think the announcement that the SNB made encouraged increased demand for CHF in the short term. But the longer term impact would be a weakening CHF.

james16 Chart Thread

i don't get it. as traders we set up trades by analysing price behavior. price volatility is our game.

james16 Chart Thread