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benji533 replied Aug 30, 2010Someone else cached this baby on eurjpy? Look how deeply it tested that consolidation box and closed as a beob
.james16 Chart Thread
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benji533 replied Aug 11, 2010It was my only trade this month so far.....entered at a small retrace for a 0.5R or 1%. You just need to earn that very large account and then stay patient for those best setups IMO. Again, it's coming back to what James tells us every time all the ...
james16 Chart Thread
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benji533 replied Aug 10, 2010classic pin structure yea...not the best location though. It's just diving into a hell lot of traffic there. I think James would prefer PA bars at extreme highs and lows - much more spacey areas. Also, there is a closer price flip which may cause ...
james16 Chart Thread
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benji533 replied Aug 10, 2010Here is an interesting setup. Bouncing off all times low support, BRN, and engulfing 4 prior bars with a good close.
james16 Chart Thread
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benji533 replied Jul 18, 20105min, 1h, 4h, daily, weekly..are they more reliable than 50min, 3h, and 2W just because MT4 supports them? IMO not. The real chart is the line chart where price is just flowing. Bars are just time periods you are chopping the flowing price into. ...
james16 Chart Thread
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benji533 replied Jul 18, 2010Hey N, I do not really care about what RR I am going to get. I am more focused on what the chart tells me. You can get high RR and low WR, or a high WR and low RR trades. Both can be profitable. In fact, high win rate and low RR will generate a much ...
james16 Chart Thread
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benji533 replied Jul 16, 2010Did you end taking it Jonny? I have just cut it off for BE as this is the second bar that is going to close and price is doing nothing/lacking momentum, so I am cutting it as per my rules. USDCHF is standing on a great level now
james16 Chart Thread
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benji533 replied Jul 15, 2010Here is an update on this trade I posted yesterday. It is approaching the 4R/8% profit right now and I do not remember I ever or at least for many many months had such a runner. I must admit I am starting to get a bit annoyed looking at it and not ...
james16 Chart Thread
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benji533 replied Jul 14, 2010Actually my demos were on the 1h
lol Anyway these can be great plays...just need a good play plan which I am working onjames16 Chart Thread
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benji533 replied Jul 14, 2010Hey Mike, this is for you. These situations on exotic pairs are very interesting and I saw a few posts from you regarding multiple bar high/low breakouts. Here we have a down trend, HUGEST round number 20 and a multiple bar low break. I don't have ...
james16 Chart Thread
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benji533 replied Jul 14, 2010MT4 between different brokers is not exactly the same all the time imo. On my chart the double bottom is to the pip and when the MACD isn't stretched by the old lows on the left, the div is much more obvious. Anyway it's just one part of many other ...
james16 Chart Thread
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benji533 replied Jul 14, 2010A setup.. Will come back tomorrow to check out the outcome.
james16 Chart Thread
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benji533 replied Jul 12, 2010LOL every time I take a mt4 pic I just add another letter so it won't replace the previous pic and this is the result of being too lazy to write a real name or open a new folder lol but I attach them right away to my Word journal doc so the file ...
james16 Chart Thread
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benji533 replied Jul 12, 2010Seems like today it's my lucky day. Came across the computer exactly when great opportunities occurred and cached 3 of them in one day
EURGBP and GBPUSD I was late a bit and forced to enter at a retrace but still according to my rules. So 3 small ...james16 Chart Thread
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benji533 replied Jul 10, 2010Hey jeurre, When I say a breakout pattern is a sign of a pause I mean we are in a strong trend, then we stop and consolidate very tight, gain momentum, and then break in the trend's direction. Meaning the BO pattern itself is just where price is ...
james16 Chart Thread
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benji533 replied Jul 9, 2010Only 1 trade this month so far. Went to BE at FTA after 40 pips, and closed out at the second line. Just and idea.. log all your trades with comments and pictures. Make a spread sheet including various of different entry and exit strategies, other ...
james16 Chart Thread