Ghous, I too took this trade, but ended up taking a 130 pip loss. I see that you got out at BE. Please advise as to your thought process for where and why you moved your stop to BE. The first trouble area I see is at the 157.80 area, marked by the ...

james16 Chart Thread

I'm right there with you Ghous. I am hoping that today closes above 160, and then tomorrow we get the trigger bar we are looking for. Ross

james16 Chart Thread

Good potential for a PA setup on the Daily GBP/JPY chart. I am anticipating a good deal of stops built up under the 160 round number and PPZ for a good clean break. Ross

james16 Chart Thread

Technically, this is a bearish pin bar, not one that I would play though because it is at a swing low. J16 method teaches us to play bearishPBs at swing highs and bullish PBs at swing lows. Althought you don't want to take a position based on this ...

james16 Chart Thread

50% FIB drawn from alltime highs to alltime lows on the weekly chart shows confluence with 81.30-82.00 PPZ Level. Looks like a good area for a nice PA setup Ross

james16 Chart Thread

AUDUSD Daily Chart — Approaching a significant area on Daily AUD/USD Chart. We are only about 250 pips away so I thought I would make you aware of it if you haven't made note of this level. I am looking for PA to go short. The pink line is ...

james16 Chart Thread

Aaron, If you're looking for a good demo/papertrading account for stocks, FX, and Futures, ThinkorSwim has a pretty good platform with charting. The order entry takes some getting used to, but it's nice for demoing. The only drawback is that the ...

james16 Chart Thread

I agree that psychologically it is very difficult, but you have to do your best to make the mental adjustment and realize at this stage (account building) your trading style shouldn't be any different having $100/pip or $0.50/pip. I know it's ...

james16 Chart Thread

Try not to get too caught up on your account size. You are improving your skills and gaining experience and confidence so that you are prepared when you do trade with a large account. Understand that you do have a small account and make a mental ...

james16 Chart Thread

Thank You! — Thanks for that James! I really and truly enjoy reading every word you write. It's really inspiring to listen to what you have to say. The best part is that we all know that what you say comes from yourrt and you really care about ...

james16 Chart Thread

Ryanmcd, Do you ever trade these on the daily timeframe? I agree with what you guys are saying about being careful with these. As with other PA, it's all about the location and confluence (ppz, round number, fib, etc) and using PA as a trigger to ...

james16 Chart Thread

Appreciate your insight clockwork! I really enjoy reading what you have written in posts here. It is invaluable the knowledge that you share here, and even more so on the PF with your videos, chats, etc. I respect all you guys in this forum for what ...

james16 Chart Thread

I was watching a video interview on Moneyshow.com and I don't recall who the trader was, but he said something along the lines of futures markets respecting the technicals better than FX because it is on one centralized exchange and everyone sees ...

james16 Chart Thread

Check out the moves these two "small crappy pin bars" caught and their associated risks. I posted the ones that were the big runners because they were easy to identify as I was going through my charts so take it for what it is (just 2 trades that ...

james16 Chart Thread

SCPB — I think Ryanmcd has an excellent point about the risk with what he calls "small crappy pin bars". The PBs that have the long nose/tail/wick, whatever you want to call it, show a clear rejection or reversal of price usually with very ...

james16 Chart Thread

Johnny, I think that looks like a good trade. The pin is not the best pin because the nose is small, but it is in a good location (38.2 and 50 fib confluence) Also, price has made 3 attempts now but can't seem to close above the 1650 level. Price ...

james16 Chart Thread

Mike has some really good videos in the guest area of james16group.com where he illustrates the trades that he looks for with space. All the videos in there are exellent and I would recommend checking them out. Ross

james16 Chart Thread

SAS, I'm not looking to trade the BUOB, I just had it identified on my chart. I'm looking for an opportunity to get short at those areas of heavy confluence with PPZ and fib retracements. My plan is to wait for quality PA setups at the levels I have ...

james16 Chart Thread

Hi Everyone!, I've been following Forex Factory for a while but have not been very involved as far as posts and many contributions and I think it is a good time to start. I have been trading purely off support and resistance or what I believe you ...

james16 Chart Thread

Good point that the candles and bars both display the same information, and I agree that it is easier to visualize/read the price of the current period. One of the arguments against candles is that they put too much emphasis on the price action of ...

No Brainer Trades