I got the exact spot for entering AUD/NZD long, as where your took profit. . Keep up the great job!

james16 Chart Thread

A daily PB was printed last night, but a failing internet connection has kept me from seeing it, untill now. When I got online, the current period was busy testing the left-hand shoulder of the daily PB, and I've chosen to put a short order at ...

Journal/Archive

Setup was entered @1.0740 Chart: image w

Journal/Archive

Another monthly setup I've had my eyes on. CT Pinbar on AUD/NZD, got confirmed with a topside break, now I have an order waiting at 1.0740 for when the left shoulder is retested. image w

Journal/Archive

A breakout higher on the mentioned BUOB (continuation bar), combined with spread has taken out my SL and reversed since that very tick. Big bummer, but this would not have happened, if I had put the stop loss at the end of the monthly setup as I was ...

Journal/Archive

NZD/JPY: Deep retrace back into the setup (83,7%) made me very nervous today as my stop was spared by only 19 pips excl. spread. The fact that late today a BUO-continuation-Bar was printed, followed by an inside bar. image Quite critical for my ...

Journal/Archive

Position in CAD/JPY opened. image image Trouble is close, but selling is quite fierce. The retracement is still going, but This entry is the first daily PA after the monthly setup, so this is what it's going to be. The NZD/JPY BEOB retracing so ...

Journal/Archive

I've found a pretty mechanical approach to try and wipe away losers with winners. It looks like this: image It works like this: Every ticket (#24 in the example) is used for a specific trade. Every ticket get's 10% out of 10 position's results ...

Just how well do you deal with loss?

It's pretty similar to how I'd describe my trading, although I dont actually divide catogories as such. Turns out that settling for less reward than risk really suits my personality. The pitfall I think is when you TP earlier then SL, you tend to ...

james16 Chart Thread

I'd grade it a B- at best. Tradable, sure, I'd like to BE on this though, trying to keep up with the top 5% PS: Your analysis is not wrong though.. seems like you have a plan with this one and you've marked you fta well.

james16 Chart Thread

You're very welcome. I really enjoy getting more involved with this thread after having been lurking in the background for 3 o_O??!! Yes... 3 years! I can get really emotionally when I look back at the numerous times I felt utter desparation after ...

james16 Chart Thread

Try to look at those monthies at fixed times, but not too often. Naturally, a MN doesn't fluctuate fast, so the picture of these timeframes will gradually burn into you long-term memory. Give all those monthlies a shot at analysis, and use clean ...

james16 Chart Thread

I think if you have trouble keeping patient, the monthlies might just be good excercise ! They are also more succesful than lower TF, which should require less guts! Remember that 1% (or whatever % risk) is just that, no matter if its about 10 ...

james16 Chart Thread

I think you've overlooked a very big Fib making this an easy pass for me, especially now price looks like it respects the line. Hope it helps. image image

james16 Chart Thread

Here's the charts for my recent position in the EUR/AUD. A very tricky one, which, in retrospect, I shouldn't have been in because of inablity to check on my trade while risk was still a factor. It was particularly chilling when in the afternoon ...

Journal/Archive

Here's the chart for the trade currently opened. Charts are pretty much self-explanatory, but don't hesitate to ask about them. image image W

Journal/Archive

Went short @ 83.95, on the retrace of the monthly BEOB. Targeting 80; ditching it at 85.80 (SL) in the worst case scenario. image Let's see how this turns out!

james16 Chart Thread

That's one to remember

james16 Chart Thread

AUD/CAD has broken a falling trendline, but the 365 EMA has capped it so far. With parity close by, I'm looking for this one to close back within it's previous range for a move down. a big BEOB, PB or DBHLC would be nice . image

james16 Chart Thread

I personally do not use this logic; instead I'd be looking at the pin's individually, if they are all small, they don't convince me. It does however tell me that if their tails get violated, they often provide momentum (obviously because of the ...

james16 Chart Thread