Jarroo are you watching this potential setup yourself ? What are your thoughts on it as a short opportunity ? Since price has tested the level (low) and closes above will you be looking for a long at a retrace the the LCS ? image

james16 Chart Thread

Im going to focus on what Jarroo has advised me to do

james16 Chart Thread

Ok thanks Jarroo. I will give it a try for a month and see what happens

james16 Chart Thread

Ok cool. I think I was focusing too much on picking the decent looking levels and discarding ones that didnt show strength. I will place pending orders on each level from now on and use the 1hr signitures on each level .. I guess. Cheers Dan

james16 Chart Thread

... so how do we decide on what levels to take out trades from ? All of them ?? In hindsight I can always pick the correct level wiht the correct signiture whether its 1hr or 4hr - if the 1hr happens to fail, or the DCC if the 4h happens to fail. ...

james16 Chart Thread

Yes but the bottom level was also untested. You mentioned picking levels that have yet to be tested over tested level ...

james16 Chart Thread

If Im understanding this correctly, that would mean all levels are untestested untill a setup has been successful right ? When that big bearish bar broke through thos 2 LCS levels they were both untested levels since price had yet to close and we ...

james16 Chart Thread

Just realised how old this thread is .. sorry

Some help with James16 thread

Are you being serious ?? I've been at this almost 3 years and havnt made money .. should I give up ... Doubt it. But whats your reason for saying this ?

Some help with James16 thread

Hey Jarroo, Sorry im not quite sure what you mean. Do you have a chart to explain it ? Arnt all levels that have been broken and closed below or above untested leves,l since we still have to wait for the retrace ? Cheers Dan

james16 Chart Thread

Hey Jarroo, I did not really ignore them I simply choose a level that had more strength. That level failed but the one just above worked out. But I can always find levels that work out perfectly in hindsight. Just trying to figure out why that level ...

james16 Chart Thread

Well I suspect my mindset is just one problem with my trading. I seem to spend allot of time thinking about the losers and trying to figure out why they lost, and just generally feel crap when I’ve been waiting for what I think are very good looking ...

james16 Chart Thread

Thanks for your reply mate. I have yet to become consistantly profitable, even though I've been studying the J16 material here on FF for quite a while - and other PA based threads. Since I cannot seem to become profitable .. even on demo, i was ...

james16 Chart Thread

Hey Allan, thanks for the reply. I have trading in the Zone .. I started reading it a while ago but never really liked the way it was written, just did not read well for me at all. I have not got the other book. Will see if I can get a copy of it. ...

james16 Chart Thread

Private Forum — Anyone here a member of the Private Forum ? Im trying to find out some info from current or past members before I sign up. If anyone is, can you tell me what the Private Forum offers in regards to trading psychology. Seems as ...

james16 Chart Thread

Not just just particular setup ... had a number of failed setups on other pairs that had nice clean swing points/hcr/lcs levels

james16 Chart Thread

Hmm ..Seem to be getting alot of failed setups USD CHF Daily & H1 Charts below explains it. image image

james16 Chart Thread

Hey Jarroo, thanks for the reply. First, in regards to your question, yes DCC can be a sucessfull way or re-entering on the same trade.. never thought about that untill now Also, i agree on that NU setup that the swing point was not deep ...

james16 Chart Thread

1-2 pips ....

james16 Chart Thread

PBT&CB stands for Price Breaks Through and Closes Below. Price has only closed below that red HCR level on the EURO. It has not broken though AND closed above (for longs at that level - a retest) If your looking to short at a HCR level where ...

james16 Chart Thread