Nice Dan Gilbert ! If price stays like that and with an earlier entry you might have been able to hold the BEOB which is forming on the Weekly also.

james16 Chart Thread

caution on the GBP/CAD — Caution, that is against a pretty strong up trend you are trading against (although its a big H4 pin), and its late on a Friday (bit like Halloween) and strange things can happen....

james16 Chart Thread

level might have saved you — That is a real bummer aserbfx. I had a nasty level drawn in at 15940 and when the first H4 candle closed over that level (which also coincided with a H1 BUOB off that level) it would have been a good place / time ...

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just another factor to blend in — Hi jeurre, Its just another confluence factor really. As this was a pretty obvious TL running for 4 months with multiple contact points and it aligned nicely with the PPZ, the RN and the 50% FIB it gave me ...

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Nice! Always good to have some PIPs in the bank before the weekend, even better to have profits as well :-). I've still got the second half of my GBP/CAD trade now moving back up nicely after its recent swing with some nice pips in the bag also.

james16 Chart Thread

NZD/USD — Hello Muhammad989, Good entry and TP1, but according to my feed (and your pic above) its still short of TP2. The reason I mentioned my NZD/USD sell trade earlier was because your trade may not have hit all of its TP's (target price ...

james16 Chart Thread

eur/nzd h4 — The possible (still 20 mins to go) H4 BUOB (looks like an outside pin bar) looks interesting and with some nice confluence. The 17840/50 level is your first obstacle.

james16 Chart Thread

NZD/USD and EUR/USD — Hello mistersimple, NZD/USD and EUR/USD may take some time to go south - if and when they do. I'm short NZD/USD myself due to the Weekly PB, and as of yet we have not yet had a big enough reversal signal for the EUR/USD - ...

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i also sbfx — Its still small, a bit like the spread, but still a pain in the butt - nobody's got the guts to go after the big boys.....as usual I'm also in the UK and do the same thing.... This is the bit I liked; "Wealthy traders and big ...

james16 Chart Thread

the tax is for the big boys — From what I read I don't think they are looking to tax the small players...anyhow even if you made 500K per year trading that tax would only equate to 2.5K which is not a lot really. I think they would do better ...

james16 Chart Thread

nice USD/JPY — Nice trade cvcamper, H1 and lower time frame signals can be a little risky without any larger time frame price action supporting the move as it could be easily wiped out by the continuation of that bearish (down) move / trend. ...

james16 Chart Thread

another PIN acronym — Here is another (I made up) PIN = Price Is Not-likely.....to go that way any more...if its at a good location

james16 Chart Thread

Good question, on every cross currency pair their are many trades happening within trades at different time frames which can go against trends on other time frames. Its like a great big fractal image. There is no RIGHT or WRONG its a matter of ...

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nice — nice observation supremeChaos

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nice trade - now fit it into the bigger picture — Nice trade Muhammad989, Just be aware that your trade is against a larger counter trend signal which can be seen on the Weekly as a Pin Bar. Many traders (including me) will have taken the ...

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lets break down those trades — Hello NoBread, OK, what was your entry, stop/loss and exit plan on those ? Their is a reason for everything.

james16 Chart Thread

deltatrade, most of the trading ideas are not unique to james16, however they are put together and communicated well for example Martin Pring discusses Pin Bars in his book “Pring on Price Patterns” and I believe Pin Bars are classified as a ...

james16 Chart Thread

indices rally - rumours abound — Nice post from Larry Levin - could also be the reason FX rumours are also spreading.... Rumor to Rally image Since there isn't much (new) one can say about today's rally - I won't. The market gapped open ...

james16 Chart Thread

news speculation — Yeah it does look strange Pinbar. There is certainly a lot of speculation but I don't see any official news of anything. Just hear say......hmmm

james16 Chart Thread

The Phantom Says — Nice quote from the book that Cyrus gave the link to: POP: Funny, I have had years to hear what you just said. I really don't hear that any more. I mean the "You win and you're right." Trading is not those statements. A ...

james16 Chart Thread