Speaking of Inside Bars, we got an I4B on the EURCHF Daily today. This could possibly break to the short side and start a reversal. Anybody play these setups?

james16 Chart Thread

What are your thoughts on the CHFJPY and the GBPJPY pin bars. The GBPJPY is in a strong uptrend but looks as if it's at the top of a channel. The CHFJPY got rejected at that high point. (plus the weekly was a SELL Pinbar so I've been keeping my eye ...

james16 Chart Thread

I'm not full time trader yet (but plan to be) but I know a couple of guys that are full time. One trades off the 5min charts (I tried that for a while and do not recommend it...) the other longer timeframes. But even the guy that day-trades off the ...

Full Time Trader..

Damn.... this one shot up out of nowhere. Got burned on this one as I took it as well Habeeb. Luckily the s/l wasn't too big.

james16 Chart Thread

Hey everyone, What are you guys thinking about the EURCHF. We have Bearish bias on the monthly (due to Pin bar) and today it really tested that high point but failed. There's a big H4 sell Pin that happened and now we have a Trible Bar low. I figure ...

james16 Chart Thread

Audjpy — Hey everyone, Check out this interesting formation on the AUDJPY Daily chart. 3 almost identical bars in a row. It's a Trible Bar High with higher lows in each bar. This pair has been uptrending since late May. Any thoughts? Oh, and ...

james16 Chart Thread

I would say that trading off of the daily or weekly is probably safer than the smaller timeframes. Sure your stops will usually be bigger, but the larger timeframes are more reliable. I have a day job as well (for now) so I only get to look at my ...

day job + trading?

Hi Dan, Thanks for the answer. So just to clarify, unless price really moves in your favour where you're up 30-40 pips, the s/l isn't moved to around b.e. or +10? Do you know if Jim recommends only moving the s/l when closing part of the position ...

james16 Chart Thread

If I had a profitable EA (and I mean proven. not many of those), I would sit back and let the good times roll. Did that once with an EA for 3-4 months that gave me fantastic profits. Up over 300% at one point. That didn't continue for much longer ...

What's next if you had a profitable EA?

Hey everyone, This question is for Jim or for anyone who might have an answer. When do you guys (or Jim) move the s/l to break-even during a trade? Do you do this as soon the trade is up 10 pips for example? Or do you close part of the position for ...

james16 Chart Thread

You need to continue demo trading for a little while longer. This happens sometimes where your style of trading does well during a particular time period but around the corner waits a drawdown period. In addition, trading in demo is very different ...

beginners luck?

To add my thoughts to this, if someone really believes and has the determination to make a living trading Forex then I wouldn't abandon that dream. Like a lot of people have mentioned, it's not necessary to trade on the 5min charts to make a living ...

Big Decision

I would have to say that a lot of people are successful trading their demo accounts but then fail once they go live. Because once you start trading with real money your emotions come into play. It happened to me and I know many other people as well. ...

Success with Demo Account

1m TF on the chart.

Firebird EA - fixed version -

Hey folks, I just wanted to give one final update before I leave for a 25 day vacation. I almost don't want to go because I want to put Firebird to my live account asap I'm using v63G with the default settings. The results have been amazing. Not ...

Firebird EA - fixed version -

50 pips is an achievable goal but a little high for a beginner. Like many people said, set your goal on a higher timeframe. (100 pips a month for example) I've been trading forex for a year but have traded stocks etc. for many years. My current goal ...

Modest Goal?

We have come to the conclusion that in order to trade this EA safely you need $1000 per pair on a mini account. On a micro account I guess that would work out to $100 per pair. So if you have $300 then no more than 3 pairs. You might even want to ...

Firebird EA - fixed version -

That definitely helps. It was as low as -$160 Friday morning. And I had already booked about $1700.

Firebird EA - fixed version -

That's correct. All currencies where on the 1 minute timeframe. And above you can see what 30-300-30 stands for. (TP-SL-PipStep)

Firebird EA - fixed version -

Yes, this is running the system 24/7 for the 2 weeks. Nothing was touched. No manual trade closing or anything like that. The 30-300-30 refers to the Take Profit - Stop Loss - Pip Step values.

Firebird EA - fixed version -