Round numbers. — I'm not a 'senior' by any means, but my answer to this would be a qualified 'generally yes'. Big orders get clustered around xx00/xx50 numbers for ease of communication (whether this is as relevant as it once was is a matter ...

james16 Chart Thread

The pin is too small, it followed a huge bearish bar and it barely broke the previous low If you did want to risk it, which you shouldnt, you would want the hardest break ever. This is a failed setup to me anyways, as it wasnt confirmed by the ...

james16 Chart Thread

It's funny you should put it like that - when I started trying to 'trade' (as opposed to the longterm fundamental stuff I was good at), I always saw putting a stop loss was like admitting I was wrong (or could be wrong), so I never used one. I mean, ...

james16 Chart Thread

30y Tbonds — I cant even express how happy I am that I found this thread. Before, things like this would have been a complete shock, stopped me out for a loss and probably tilted me into doing something stupid. Instead, now I see a bar move ...

james16 Chart Thread

lame. — Weak indecisive markets today. Nothing but a weakass pin on the aussie, or a slightly less weakass pin on the yen at retracement. I passed on the H4 aussie, probably pass on the daily as well. Too much rubbish for it to run through. ...

james16 Chart Thread

trends — I always look at the overall trend before I go into a trade. It is suicide not to. You gotta know the environment you are trading into before you do it. Generally, I want to get into a longer term position, usually based on ...

james16 Chart Thread

When forever comes crashing. — pow. image

james16 Chart Thread

Good spotting - nice big BUOB at swing low bouncing off the bottom of the channel, strong support. (same comments as the EURGBP above) image image image

james16 Chart Thread

Depends how risk averse you are I like this lil lady for a bounce down... if you missed the 1H, the 4H train is still in the station, waiting to depart with a beautiful 2bar pin. (obviously, it should go without saying that if you want to play ...

james16 Chart Thread

[quote=mbqb11;2973451] Reading your breakout posts is fascinating, Mike. I always figured breakouts were an obvious trade ('duh, there is a line and price went through it...easy game!'), but I guess like anything there are layers upon layers of ...

james16 Chart Thread

Ninjatrader through IB. I'm kinda jealous. I had a play with TS8 once at a (ex) friend's place, and it was pretty kickass. He does a bunch of stock index arbitrage, and had it set up to analyse the spred between the index and a representative ...

james16 Chart Thread

Hey ijay, I have three different kinds of trails I use, depending on the situation... (in order of complexity) a) 20 pip stop. Simple, easy, automatic and I dont have to think. Downside is that it is arbitary as hell b) 2 bar trailing stop - aka ...

james16 Chart Thread

I use futuresource.com for the ones I post (usually on the train so using my netbook thingy, and I dont have a ninjatrader licence for it) - sign up for their free premium charts, they are pretty cool for a web based thing. (quote.com is decent too, ...

james16 Chart Thread

Sunshine the Werewolf. — Forex dead? No trades? The answer could be closer than you think image *edit* 6 cents per lb might not sound like much... but take into account that each contract is for 37,500lbs I've made about $9k demobux ...

james16 Chart Thread

Watch out for the huge PPZ just above, waitin to kick someone's ass image image In the words of Naughty By Nature... guard your grill

james16 Chart Thread

This is probably the best answer. I think combining periods is fine, as long as you dont act a fool. After all, things like D1 and H4 are pretty arbitary anyways, with different brokers showing different bars even though they represent the same ...

james16 Chart Thread

I get that. But what was your plan if it broke bullish through the candle? If you were going to get out of the trade, either by moving to BE or just closing it, you could have already moved your stop to just above the PPZ (right at BE) and limited ...

james16 Chart Thread

That looks more like a bounce from a big strong PPZ than any kind of IB play. If anything, it broke the IB in the opposite direction of the trade (ie, it was a bullish break) and you would want to get out (with a profit) of the pin bar trade (or at ...

james16 Chart Thread

Whoa. I only just noticed those vouch things. I always wondered what the 10+V thing meant next to everyone's name. Awesome A guy whose goal is to climb mountains - and, without a doubt, one day will Although I do admit it was a pretty ...

james16 Chart Thread

Great post, and I know you mean well... but I am gonna take a shot in the dark here and suggest that sharing copyrighted materials is probably not kosher. or halal. Or, as we say here, beer.

james16 Chart Thread