I'm on the long side of EJ. Up about 50 pips at the moment, but like the shape/location (potential daily pin, fingers crossed) so i think I am prepared to give this one some room to play. Well spotted. if we can break 136, there is a minor battle ...

james16 Chart Thread

SC, you are definitely the wikipedia of the j16 chart thread! I think I am going to start leaving out random details in my posts, just to try and catch you out

james16 Chart Thread

Nice work! Finding pins and taking them is easy. Anyone can do it - and I suspect that many people starting out do. I sure as hell did. Knowing which ones *not* to take (and why) is where you really start to be in control of the game.

james16 Chart Thread

j16 and stocks - they can be friends, if you take them on a playdate. — (I figure a stock chart is okay... i mean, if the pf can have a stock section and we can throw up charts of coffee and sugar in here, it cant hurt *too* much...) I'm not ...

james16 Chart Thread

Generally, I look at the TF I want to trade, and then the one above it. Then I employ my highly technical system: If it starts at the bottom left and finishes in the top right, its an uptrend. Top left to bottom right? Downtrend. I really like to ...

james16 Chart Thread

Howdy, Assuming you take the break below the PPZ (which you have marked in around 158.90ish), it looks like a pass. Personally, I wouldnt take this one - I am a bit of a girl about BEOB/BUOB patterns, and if it doesnt close near the bottom I pass on ...

james16 Chart Thread

I am a big fan of zooming in and out. I usually have my PPZs marked on the weekly and daily, and then trade off the daily and 4H - sometimes stepping down to the 1H to finess my entry/exit points. That way, I can cut down my risk and potentially ...

james16 Chart Thread

Kinda. They are related concepts, not necessarily the same though. Random walk basically says that price fluctuations are random, and you cant use past price to predict future price (although, another conclusion is that prices tend to move upwards ...

james16 Chart Thread

Not abnormal, as such - but you can see the 'footprints' in the chart, pointing the direction that the smart money thinks the market will head... which is basically what you were describing. If you were in on the transaction and someone you knew had ...

james16 Chart Thread

PA, the EMH and why newstrading isnt for rookies. — Nope, its definitely not you! In fact, there is even a name for it - the efficient market hypothesis - and it is the basis of all modern finance Broadly, the EMH states that in an ...

james16 Chart Thread

No no, just a little tongue-in-cheek because I think *I* overuse it a little.

james16 Chart Thread

Hey mate, Sorry if I was rude or abrupt, didnt mean to be. Just had a couple of minutes spare so was trying to get done before my boss came back from his meeting and waved his arms around and yelled a bit no offence intended. See, I dont know if ...

james16 Chart Thread

Yup, pretty much! I do a review before and after though. Before I do the trade, I always save a copy of the 'setup' (MT4 lets you export the graph directly now), as well as my trade plan, which has outlines of all the key levels (confluences, entry ...

james16 Chart Thread

In My Humble Opinion Generally used when being condescending towards someone on the interbirds

james16 Chart Thread

lol. In all fairness, that is only the entry/trade management side. The complete JamMiRacJimGh Wizard MCD system is going to compound your account so fast it will collapse on itself and create a black hole

james16 Chart Thread

1. Almost everyone I have seen trades ten pips below the break, not 3. To make sure it breaks and all. 3 pips doesnt even make the spread on some pairs. You cant judge a break of a previous pin based on something that barely touches it - especially ...

james16 Chart Thread

lmao. that's awesome. Same. Complete perspective-changing stuff. Posts like that are the reason this thread is the best thing on the internet. Except maybe that kid above to paraphrase a wise man on the pf: anyone who buys another trading book or ...

james16 Chart Thread

This should be a page 1 quote. If only more people thought like that! Take good bars in good places, watch for trouble areas and let the money sort itself out. Not that risk management isnt important - it just doesnt need to be overcomplicated like ...

james16 Chart Thread

Alot of guys here use a bunch of different brokers with different time offsets. Helps you get a better overall picture of the market, as well as giving you twice as many bars to trade. I think SC might even have 5? (I could be making that up) You ...

james16 Chart Thread

I just lurked this thread for a long, long time before joining the fray hehe, fancy booklearnin' with little relevance to trading (in this context, anyway). I just get a bit worried when someone posts junk like 'if you have 3:1 r:R, you will ...

james16 Chart Thread