This is very interesting as usual. I think I have summed it up in the chart below. That makes sense now to say that the more a certain supportre/sistance area gets tested and the rejection is weaker from the previous time - the odds for a breakout ...

james16 Chart Thread

Joel, you are the man! Really, thank you. I was a dumber divergence man about 30min ago. As I have said - If I have knowledge, logic and understanding of how things work, I can benefit from it and not do things as a robot. Till now I have used ...

james16 Chart Thread

I guess I am guilty again I will be glad to get a post on this from you. Ben PS - Joel, a part of trading against the trend is also naturally trading into "traffic"PPZs. So usually I automatically see this, but thank you for stressing it.

james16 Chart Thread

Man you are trading according to my method as well! How did I miss this one? This is a great trade, pullback to the major round number and shoots up! What can be better? it works again and again and again Ben

james16 Chart Thread

Cool But I use only major round numbers. Where was your stop? Ben

james16 Chart Thread

Yea, you want them on swing high - but you also want them to be A+ setups, or at least to have enough supporting factors to your desicion. That B pin alone doesn't mean a lot to me. You need to be very careful when you trade against the trend. I ...

james16 Chart Thread

Well, basically what went wrong IMO is that you have tried to trade against the trend based on a B pin bar The size of the pin is nice, but again, when you are trading against the trend you need to ask yourself. "Is this pin really a sign for a ...

james16 Chart Thread

Hey Jazflyer, Actually this is a nice flag pattern. I didn't play it mainly because it is against the main trend. Secondly The pin is too small for me. However that divergence makes sense to me. You have missed another trouble area, which I have ...

james16 Chart Thread

Me crazzy — ok guys...I thought first that it can drive people crazy trying to do this...but I just have to post it. Remember the post I have made on about entries on the retrace to the round number? Remember the GBPCHF chart? So this is ...

james16 Chart Thread

Thank you Joel. This isn't going to be a long post, because basically all the things I have said in my post are conclusions of taking my time to think...nothing is a fact or a proved thing I studied (hope no one got me wrong). So all I can do is ...

james16 Chart Thread

@ nAVIN2007 - Thank you @ 2mas - Great story. Thatks for the link. @ jarro - Yea I got your point. PA alone is only one part of the story, I know. I have stopped using EMA's and fibs because they don't really help me. As more as my charts are ...

james16 Chart Thread

Hey Aaron, Thanks again for this useful post. Actually, yea my nature is to search search for logic and understanding behind every tiny thing I do. In this case I have got so deep in what I THINK is causing the outside bars, just to try to explain ...

james16 Chart Thread

I meant to say TP orders, not SL. Just edited my post. Ben

james16 Chart Thread

Hey Aaron - my few opinions (: — This is really interesting, but also confusing. A pin bar is a sign of fast and sharp rejection, and an inside bar is a sign of indecision. So basically that indecision is canceling the "push" of momentum the ...

james16 Chart Thread

Hi Nasir, I think that this question is asked because you don't have a plan in place? IMO, you need to spend a bit time making a plan or a general idea of what you are looking for. That way you won't need to think and break your head so much. Search ...

james16 Chart Thread

Good luck buddy....and take care... Do not forget us Ben

james16 Chart Thread

Hey 2mas, Yea, I have just said to nonick in my post that there will be some cases that we will still see momentum by a smaller PA bar, and in that case it may pay off to keep the order. Thanks for you comment on this Ben

james16 Chart Thread

Just now noticed that this is the setup from last week. Zoomed into the 1H, same chart - now look how Mike's breakout pattern worked twice here! I promise I saw that 4 matching lows and the pullback on the daily without looking at the 1H - I totally ...

james16 Chart Thread

Hey triger, Personally I wouldn't take it because I don't trade these kind of setups, but I can see it as a break of 4 matching lows, a pullback, and now a pin bar to confirm. The pin bar itself is a C setup IMO Any way, here is my ...

james16 Chart Thread

Hey nonick, tahks for your comment. Thinking about what you have said, while remembering that we are humans that need to use common sense and not robots, I think there are some situations when you get a pin bar followed with another smaller pin bar. ...

james16 Chart Thread