I didnt even open my charts yesterday (the conflluence of bank holiday and my annual bonus being paid meant i spent all day drunk off my ass on the harbour), and so was fairly alarmed when i opened them up this morning. 'Oh god! Look at all the pin ...

james16 Chart Thread

Actually, that is just a simplistic view of the CAPM and Efficient Market Hypothesis. And it is an assumption that is required for the model to work, not a result of it. Your reasoning is backwards. And ignores a whole bunch of other assumptions ...

james16 Chart Thread

And that is exactly how you should trade. But in this case, we were talking about you ignoring a bunch of bar highs and setting a TP further away to achieve a certain r:R. Which led to what happened, which is what you asked about. And what Mike ...

james16 Chart Thread

No he wont. This is entirely based on the shape of the return distribition of the instrument - mainly, its standard deviation, skewness and any kurtosis present. Random walk models are based on a binomial distribution. It isnt a triangle. Look at it ...

james16 Chart Thread

*EDIT* hehe, what mike said ^^^ I think the main thing you could try in future is to look at your ppz as a zone, rather than a line - you expect trouble in that area, not at that specific level... and so you could plan your exit strategy ...

james16 Chart Thread

This is exactly why this play works in a directional market. You are pretty much banking on there being an established trend with a built up orderflow, and then some big player (generally a corporate) needing to hedge an exposure at a particular ...

james16 Chart Thread

Oh, dont get me wrong, I know the big guy does trade linebreaks. I just meant that I've only ever seen him do it with some kind of confluence - a big round number, lower low / swing low, a string in a row, etc. My notes also tell me that they are ...

james16 Chart Thread

Sorry, it wasnt showing up - see it now though. I think it is a nice breakout trade, but it isnt really a j16 type trade. You have a break of a strong PPZ, but nothing else to support it - no real PA (unless there was something on a lower TF?). ...

james16 Chart Thread

Throw up a chart for everyone to look at

james16 Chart Thread

G/Ch — More fun and games with the swissie. I know a chart was posted a few pages back, but what are the thoughts on the 4h GU pin? Pro Great location - almost a double top, pokes through one PPZ and just touches the next, then comes right ...

james16 Chart Thread

AUDJPY trade — This trade worked exactly like I expected, quite happy about it. Entered on the 50% retrace of the pin, moved my stop to BE once it hit the first TP area, moved stop again to the top of the second PPZ when it broke through ...

james16 Chart Thread

AUDJPY — buenas noches. This is what I am watching at the moment. Pro: top of range 8h pin bouncing off a decent resistance level - which is also the 50 retrace for the aussies huge decline last year (aka the 'joel cant afford to go to new ...

james16 Chart Thread

yeah, web based charts - good for a sneaky chartcheck at work, and nice and quick (unlike the slowass quote.com ones). url And I am heavily invested in that coffee chart.. at 4 triple lattes a day, i cant afford to see any bullish PA

james16 Chart Thread

Amatuer opinion, pretty sure the experienced guys will be able to expand... (if you want really good feedback from Mike/James et al, you should probably explain what you saw in each setup so they can go through it) 1. Are you playing the break of ...

james16 Chart Thread

It isnt looking good image

james16 Chart Thread

Sugar — I'm papertrading some of the softs at the moment, just to get an idea of how they move and what works in those markets. Sugar made a nice bounce off support today, with a good bullish(ish) bar. Normally, I would try and enter on a nice ...

james16 Chart Thread

That thread is comedy gold... ...and also kinda sad, when you see just how many clueless people there are here that think they are going to somehow make a million dollars 'trading the forexes' with a simple system they read about on the interwebs - ...

james16 Chart Thread

That's not a riddle. This is a riddle: What's brown, sticky and left behind on your lawn by a dog? ... a stick

james16 Chart Thread

You are very right, as always. I was busy looking for any kind of big support on the daily chart that could cause problems, and somehow ignored the obvious ppz on the 4H and wrote it off as 'some traffic', heh. I was doing a monthly review, and a ...

james16 Chart Thread

USDCHF — The swissie is one of my favourite crosses. It is just so...schizophrenic. Will it close as a big pin bouncing off daily support/resistance? Will it stall, form an IB and consolidate for a while? Will it just sit back, eat chocolate ...

james16 Chart Thread