Great Aelgen Just remember this. THere is not a one size fits all. Some entries should be taken on a break, some on the open, and some on a retracement. Identifying which one is a crucial part to the trade plan Best of luck! Mike

james16 Chart Thread

Hey Aelgen Yep when playing a retrace entry you just use limit order Here is an example of a limit order I had set that did not get picked up last night. It was on a retrace back to the BRN of the BEOB on eur/sgd. Been watching this area like a hawk ...

james16 Chart Thread

Hey Bartys I'm not sure if you meant forex factory or the james16group. We are separate from FF. You can find us at url The new site is not LIVE yet which will have tapatalk enabled. Currently we are just on our current site that will be updated ...

james16 Chart Thread

Hey D No one will be touching anyones account money. The membership is going to be 199 per month, or discounted to 1548 upfront for lifetime. Only lifetime members will have access to the trade room. We are then going to ask for donations based on ...

james16 Chart Thread

i clipped out part of a video i did this morning for the group I really just wanted to show off our new video intro based on the theme of the new site video Mike

james16 Chart Thread

Hey tobeeme Thanks for the nice comments i'm glad it can help. This was a newbie webinar I did for private forum members. I've done others and many more hundreds of webinars on the PF. I'll be uploading more free guest videos over the coming ...

james16 Chart Thread

I wanted to send out another update on the new site. We are literally around the corner at this point. Here is just a little note about some of the new exciting changes to come. This is a message from James and I've also included a link to a video ...

james16 Chart Thread

Hey Red Welcome to the thread These bars may have looked different when you posted but i'll give you some direction based on how they are now. Still a few hours before closes though gbp-aud would have to close much lower to form a pinbar. Remember a ...

james16 Chart Thread

here is one I sent out to the group for a 2.7% gain

james16 Chart Thread

This is good stuff G A huge part of this is mental. That's why you see SO many people attempting to learn to trade but they can't. You have a large percentage who are dead in the water from indicator hell and search of the holy grail. Those people ...

james16 Chart Thread

Hey Phil THe better thing to think about for each trade is not a specific thing but the situation itself. You can't just take the same pinbar and implant it for every situation and it will be successful. What makes a setup successful are all the ...

james16 Chart Thread

welcome delicious

james16 Chart Thread

no runner on this one stopped out at b/e There was no PA on the breakout either so maybe we'll see a false breakout here and PA to show us or something on a pullback. I'll still watch that area for clues

james16 Chart Thread

Hey Leanne This is definitely more advanced situation. I don't recommend touch trading till you can play PA bars by themselves at good locations or you can spot trades all over. Some people gravitate more to those touch trades over time. THey ...

james16 Chart Thread

here was a nice easy touch trade I got into on sundays open. Had all the components for a nice trade with a 25 pip stop. Have no idea if i'll get stopped out for b/e but it doesn't matter. chart of explanation image currently at b/e. Can't get ...

james16 Chart Thread

Hey George Welcome to our "small" thread Glad to see you getting started on demo as per post 1 Best of luck! Mike

james16 Chart Thread

i'd be careful on gbp/jpy. We are stuck right at a PPZ and the buob has no space. So can be stuck right at traffic if it doesn't pop right off Here was my chart to the group on this one Best Mike

james16 Chart Thread

yes this is very true about it not being a breakout trade. One thing I am constantly hammering home in the PF is my distinction of my breakout trades vs trading a bar at a PPZ. It might be nit picking but the dynamics a breakout trade has vs a trade ...

james16 Chart Thread

Hey B I start with my stop under the bar to determine my position size on the trade. As well as I don't know where that first retrace of the new bar will be. So once my trade is triggered we then know the low of the current day and more importantly ...

james16 Chart Thread

here are some updated charts from the PF I moved my stop right away when my order got triggered reducing my risk from 3% to only 1%. This is that dynamic R:R i've been speaking about image now we can see price popped back to the major trouble area ...

james16 Chart Thread