Interesting area. I'm considering a quick though reserval trade.

james16 Chart Thread

Here it is mate: url Ben

james16 Chart Thread

Hey SC, I saw your other post last week...I didn't exit. Look back on my updates for this trade and you will find my plan and way of thinking I was planned all from the beginning - look for my post which answering Jarroo how do I manage this ...

james16 Chart Thread

Update — Hey everyone, I wasn't here almost for a week now. Just thought to update about this trade. Hope everyone had a great week Ben

james16 Chart Thread

Yep, I understand that when you have several factors which reject price - they are more powerful when you get them all together at the same place. But I do not understand why the certain factor (moving average) is rejecting price. - Price action ...

james16 Chart Thread

I think that if being picky with these....trading blinds only based on SR can make good money on any TF. This will be my next project I know that many times fibs and moving averages will line up, but I get it hard using them. Fibs - you can pull ...

james16 Chart Thread

Yep. Seems that also the 50 ret lines up with my BE point. Thanks Jarroo. So basically the stop has nothing to do with S/R, or something in these cases? only 20-30 pips automatically? Ben

james16 Chart Thread

Hey guys, I was going through rac's posts recently. When Nasir asked me to look at the 30 min GBPJPY, I have noticed a nice pattern (as far as I know) of rac's style...so I gave it a shot. He trades blind entries based on PPZs and other factors as ...

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Yea, usually there will be a strong momentum break after these squeezed areas. By the way, I don't even use fibs...so basing a trade only on them is a bit strange feeling for me lol. Ben

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This is what I basically mean..

james16 Chart Thread

Thanks for your responses. I just look at this chart and I see so much reasons why not going short, and no reason why yes going short lol. I rather not get into it too much...everyone is free to trade as he wish Ben

james16 Chart Thread

Can you please explain the reason of this being a good short setup? All I see is price hitting a ret level..nothing more..even not PA bar. Just trying to understand rac's way of thinking Ben

james16 Chart Thread

I like it. But only from looking at it I have a feeling of a very small move after the break...there is no clear trend and this thing chops like a beast. Ben

james16 Chart Thread

No problem mate. I use only the majors, no matter what TF it is. Going to the smaller numbers ones can make you over trade - even if they work good as well. Ben

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Here it is.

james16 Chart Thread

Maybe I'm wrong, but I tend to disagree with you. IMO, not asking yourself why a particular trade was a loser or winner, why you exited too early, too late, etc, is a bad habit. If you are just trading like a robot and not asking yourself these ...

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Update — AUDUSD

james16 Chart Thread

Basically yes. But take note that I use only major round numbers, trade into space, pick good bars, and want to see the rejection of the round number. This bar really isn't showing me what I want. It didn't touch the round number. Usually you will ...

james16 Chart Thread

I know I'm not Jarroo, but...going short is trading into ton of traffic and against the recent trend. (On my feed there is no PB either, but nevermind). The question is...what supports your trade? Ben

james16 Chart Thread