u sure that's not the last bottle found in your kitchen? happy weekend to you & everyone too

james16 Chart Thread

$jpy is 1 of those pairs that i dont trade (choppy, plus much better opportunities in other major pairs). that BEOB is sitting right at a PPZ ( 80.25 area). plus u are presented with very little room towards your FTA (about 20pips). personally i ...

james16 Chart Thread

try it now guys/gals

OANDA Discussion

another alternative if u dont wanna miss good trades like these, then u can reduce your position size to compensate for the large stop required. the good thing is, on really good setups, your wide stops will go unscathed.

james16 Chart Thread

hello PIPtaser, nothing spectacular about that PB. the size is relatively similar to most bars found on your chart. if it closes above 1.03 & breaks upward with high momentum, then u might get a decent move. still, 1.0300 - 1.0350 can stall ...

james16 Chart Thread

no worries Sir. just a reminder to keep the spirit of this thread (which is a chart thread) alive a chart is 1 of our main means of communication here. (if u cant post a chart, u should articulate clearly your thoughts & what u see) we all use ...

james16 Chart Thread

huskyboy traded that setup. on your chart, that BEOB engulfed 4 bars! u can reduce stops by entering on a retracement &/or entering via a lower timeframe (H4 below). try it on demo to see if u get comfortable. hello M, if it closes like this or ...

james16 Chart Thread

of couse, it could be in play here.. but it may depend on how you prefer your BEOBs. got no charts...but on Oanda demo, it looks like an ugly BEOB or a pinbar-like BEOB (the 'BEOB' close is in the middle & not below the prior bar's open). this is a ...

james16 Chart Thread

KR, this is a chart thread. u mean 1.0450?

james16 Chart Thread

nice trade. that one did well for u! are u comfortable using tight stops? what is your basis for that specific tight stop (1.6070 area?) ? often, u get a (significant) retracement before a move. but in this case, it was a really good setup that your ...

james16 Chart Thread

wow. u ridicule Fib & indicators... but your chart above has indicators?

Fibonacci Indicator? Is it a big Joke?

check Pinbar's list

james16 Chart Thread

u just have to trade an appropriate position size, regardless of how/big small your account is. find a broker (like Oanda) that lets u trade flexibly.. dont trade lower timeframes to compensate for your situation. instead, trade higher timeframes ...

james16 Chart Thread

u are welcome Sir. do update us, let's see how terribly different the outcome is from my view. stocks, indices are rarely posted but appreciated too

james16 Chart Thread

yes, u got it. ideally, the pinbar should have its close lower than the open. anyway, if the PB low (9580 ?) gets broken... 9550/60 area is potential FTA. i checked here, http://finance.yahoo.com/q/bc?s=^N225+Basic+Chart&t=3m it's been in a ...

james16 Chart Thread

ok, i need :nerd:. (try resizing it later for others to see) i havent traded outside FX but... check the 2 bar highs 3-4 bars back, i think it's the 9550 area.... that is your potential first trouble/target area or FTA (if price breaks downward).... ...

james16 Chart Thread

try resizing the image. or give us a link...

james16 Chart Thread

huge BEOB... a possible high momentum setup. watch those lows (1.6070 - 1.6120 area), they can stall price. this area can be your FTA. let's see

james16 Chart Thread

hello Sir prochartist, who are the people u saying giving it a lot of importance lately? what if it worked prior your 5 year experience? who told u Fibo indicator are lines? if the market doesnt respect Fibo all the time, does the market respect any ...

Fibonacci Indicator? Is it a big Joke?

hello gungriffin, depends on the type of trader u are (aggressive/conservative), so ultimately it will be your decision that will matter in the end. your entry point is 10pips away from 1.36 RN. (as baco75 stated) a logical stop, i think would be ...

james16 Chart Thread