Mike, thanks for posting this. This is very closely related to one of my more recent questions on buying on break vs buying on retrace that you also answered, so I really appreciate it!

james16 Chart Thread

Very nice trade, Courtney! Hey Mike, regarding entry methods that I have read both here and J16's PA materials on the J16 Group, I understand that entering on the close is considered aggressive, but I'm more interested in the difference between ...

james16 Chart Thread

NZD/USD price at a PPZ around 0.656 in multiple time frames (D1, H8, H4). Could be a place to watch for a PA signal off the PPZ, most likely for going short.

james16 Chart Thread

Yeah I'm in no hurry. But I'm not sure if I'm in any state of opening a small account yet with so little experience. I don't get this trade. The bearish trend is still going strong, and you have multiple bearish PA in the past few days (bearish PB, ...

james16 Chart Thread

Nice! I'm also in the EUR/GBP based on the BEOB. Also had a buy order for the USD/JPY BUOB but cancelled it before it triggered as I decided to only roll with the EUR/GBP for today. I need to learn to trust my analysis more and let the edge play ...

james16 Chart Thread

I waited for the BEOB and entered at the break below the BEOB, which I feel is a better confirmation but less pip potential than the pin bar. The pin bar didn't give me enough confidence initially because of the lack of space to the left. TP is at ...

james16 Chart Thread

Hey GB, just curious what gave you the green light to take this trade? Your entry is at an interesting location and the IB closed higher than its open. I thought yesterday's BEOB close was a better signal off a PPZ. Don't suppose you spotted a ...

james16 Chart Thread

Yeah I just had a quick search and flicked through some older posts. Looks somewhat like PPZ to me. Or perhaps PPZs can also be FTA based on the current price and what it's going to run into first? Am I understanding it correctly? Hah! I hate eating ...

james16 Chart Thread

That's hilarious mate. Maybe ginger and turmeric in the diet is the key to 6000 pips a month.

james16 Chart Thread

Been away for a week. Went for a holiday to Hong Kong but came back and fell sick over the weekend Hey zamfir, what does FTA stand for?

james16 Chart Thread

Nice trading this week, GB Treating the trading account like a big account is quite hard it seems (something that J16 emphasizes a lot) perhaps thinking % capital gain can help avoid over-trading?

james16 Chart Thread

The right eyes didn't form properly on both days, so IMO both of them don't really qualify as pin bars.

james16 Chart Thread

That looks like a pretty good week to me! Amazing trade on that GBP/NZD, btw!

james16 Chart Thread

Newbie question: Did I draw my PPZs right in this AUD/JPY daily?

james16 Chart Thread

The right eye has taken out the left eye and the pin, so it looks like the pin bar is no longer valid. On the other hand, if today's bar closes above the false pin bar, we may have a BUOVB signalling potential resumption of the larger uptrend.

james16 Chart Thread

The bar to the right of the pin bar. I see many have spotted this pin bar, myself included. It is going with the short term down trend and has good confluence, but in my humble newbie opinion (IMHNO ) it is still going against the larger up trend. ...

james16 Chart Thread

Thanks for the explanation, patapouer and mordin! There's so much to learn hey! But I think at least for me, I'll just keep notes on patapouer and mordin's explanation for now. I think I should keep trading and becoming better with the classic PA ...

james16 Chart Thread

I flipped back through some of the older link and found a few posts where Mike explained how he would play when price breaks across the TL. The probability of a trend change is higher if the initial break pulls back and form a PA signal rejecting ...

james16 Chart Thread

What's a touch trade and what's a "wick" play?

james16 Chart Thread

Hmm.. With the current strong bearish trend, I'm not 100% confident in this DBLHC. There seems to be a lack of confluence from around the area, although if it breaks 10 pips or so above the 2nd bar, it can have a chance for some short term move up ...

james16 Chart Thread