Hey, IMO this isnt close to being a A+ trade. On a side note, the 1H charts are very tricky. For newer traders they can be deadly (in a bad way ). I recommend staying away from them. Back to this trade, there's no real confirmation to take it. ...

james16 Chart Thread

Steal away Jim. We need to spread the word.

james16 Chart Thread

Good post Seeking. Just like all PA, I believe the location is the most important part. Not just the actual PA formation. You can find Inside bars and Pin bars all the time. But if price has been going sideways and/or there's lots of traffic around, ...

james16 Chart Thread

I understand Peter's frustration and the important points he's trying to make which are very valuable IMO. There are some rare occassions in life where you learn/are exposed to some new information that change your way of thinking, can change your ...

No Free Lunch but all the Free Coffee you can drink

That's great man. Seems to be working fine. Thanks for your help! Take care Tom

Bar Hour code for indicator

Hey Magnumfreak, Thanks for taking the time with this. But unfortunately it's still selecting all bars regardless of time chosen. Any idea on how to correct that? Thanks again Tom

Bar Hour code for indicator

Yeah I guess that would help. Here it is. Basically I only want it to display inside bars between certain hours. Thanks for any help.

Bar Hour code for indicator

Hey Caesar, Just to give my view on this, IMO entering on 5M PA is pretty risky. If you're just starting out with PA, I wouldn't go lower than Daily, maybe 4H TF at the most. This trade may work out because that Daily pin is pretty good looking. ...

james16 Chart Thread

This chart got me thinking yesterday. At which point do you guys think moving the stop to B/E is best? Because if you notice in this chart, the bar around 9:00 on the 13th (the pin) looks like it would have taken you out at B/E if the stop had been ...

No Free Lunch but all the Free Coffee you can drink

Those EMAs can be used as support or resistance points. Put them on your charts and go back to see how price reacts when it approaches those MAs. Many times it will be rejected. Tom EDIT: Mike W beat me to it.....

james16 Chart Thread

One thing I want to point out, is that it is Friday afternoon (after NFP as well) so I'm not too confident with some of these setups we're seeing. Profit taking, low liquidity later in the day and the weekend coming up can all impact trades. But WTF ...

james16 Chart Thread

Yes, that's pretty much it. You want to see pins stick out from the rest of the bars to the left. Tom

james16 Chart Thread

This is a very important point that most people new to PA (or old ) need to have at the top of their list. And to add to this, the previous bar in this case was a pinbar pointing in the opposite direction. That shows a bit of indecision there. I ...

james16 Chart Thread

Beautiful. Now that's a trade.

james16 Chart Thread

Just a question, did anyone play that I4B on Tuesday for GBPJPY? It worked out ok. 200 pip risk and now it's up over 700. Not bad..... (I missed out on that BTW... )

james16 Chart Thread

Hi Lacika, IMO the 2nd fib you drew (from Mar 17) is not really valid. That's not really a retracement. I would draw a 2nd fib from the top of the pin on Mar 27th. That's just the way I see it. Tom

james16 Chart Thread

I agree with the points Mike said. I looked at this pin but passed. The other factor in my decision is that I had a PPZ around the 92.70 area. So I figured it would break the weekly pin and probably stall around there. If it clearly broke that area ...

james16 Chart Thread

Anytime TJ. There is no indicator for PPZ drawing on MT4 that I know of. (but I wouldnt know for sure) Most of the people do it by hand. With a little practice it's not hard to spot them. The good ones jump out. Here's a quick example:

james16 Chart Thread