Trade is going well so far At breakeven with price almost at first TP. Will probably look in 1x Risk (2%) at first TP and let it run. image Take care Dan

james16 Chart Thread

its all good mate

james16 Chart Thread

Hi mate, thanks for reminding me about that post, I really am not in a position to give out advice, since im not consisntaly profitable. Guess im making the same mistake as everyone else here with the exception of Mike james16 jarro and one or two ...

james16 Chart Thread

Hey Heaven, Personally I dont see a reason for there to be a breakout. Generally speaking (the way I trade anyway) we lke to see price squeeze to a point or funnel for an extended period of time between to distinct trendlines. Once price gets to the ...

james16 Chart Thread

Hi mate, If someone is stressed out trading a certain timeframe then move to a different one that suits you. I used to get so frustrated on the daily timeframe because of how slooooww it moves. Thats why I moved down the the Hourly and im trading ...

james16 Chart Thread

Nice chart ! Cant believe I missed this one when scanning the charts. I usually focus on the H1 but im stating to include the H4 and Daily.

james16 Chart Thread

I agree. I always like to see a stall and rejection from a trendline just before a breakout. It adds confirmation that the trendline is 'true'. Plus it adds reassurance to the trade

james16 Chart Thread

Personally I would drop down just one TF e.g. daily setup looking for PA on Daily or 4h. 4h setup looking for PA on 4hr or 1hr. But it really depends on the situation. The above it not a hard rule that I use just a guide. Again just my own opinion ...

james16 Chart Thread

Hi mate, I personally would of taken the break of the BUOB. Reason why is because the bar itself closed outside the pattern, if this really is a breakout then this would be the starting point of that breakout. Keep in mind the BRN was about 100 pips ...

james16 Chart Thread

Hi Mike, I missed it .... I fell asleep ! . Ill be looking for an entry on the daily now. Oh well. Interesting that I dont feel an urge anymore to jump into a trade anymore even if the setup isnt right or I missed it like in this case ... Im ...

james16 Chart Thread

The question that I would ask myself if I were looking at that chart would be, how many other traders would see a double top formation ? Cheers Dan

james16 Chart Thread

Hey Mike, initially I also prefered the upper trendline but I was concerned that if price did break out to the upside there would be a lot of trendline touches/traffic for price to break though. Anyone of these points could reverse price back to our ...

james16 Chart Thread

Hey Mike, initially I also prefered the upper trendline but I was concerned that if price did break out to the upside there would be a lot of trendline touches/traffic for price to break though. Anyone of these points could reverse price back to our ...

james16 Chart Thread

Nice ! Its always good to hear that my charts are similar to the more senior members ...provides reassurance Dan

james16 Chart Thread

Here is a current Daily chart that im watching. I would much prefer a setup to the downside due to the fewer stopping points along the way. There is a lot of traffic to the upside (even though this is a BO I still look at the potential areas of ...

james16 Chart Thread

I wonder how many people are consistently profitable ? Problem is there are so many people here handing out advice, telling others how they should trade, what they are doing wrong etc etc. Funny thing is its those same people who cannot trade ...

james16 Chart Thread

Hey Martin, Your USD/JPY pattern looks decent to me. Personally I think your H&S pattern is a little 'curve fitted' and I hadnt noticed it until I saw your chart I like to play breakouts with the overall trend which is clear up. I dont see any ...

james16 Chart Thread

updated chart ... from BRN to BRN image

james16 Chart Thread

Hi mate, I was looking at the same pair in a slightly different way on same TF. Have a look at url Can anyone tell me how to multiquote ??

james16 Chart Thread