The way I see it, unless a trendline really smacks you in the face, I wont bother with it. It needs to be really obvious. Some of the ones I see on charts here are a lil

james16 Chart Thread

AUDJPY — I'm out with 30 pip profit. Wall St is too schizo this morning for me to have any faith in the aussie breaking 80c...and stayin there. this one probably needs more trade management than i am willing to put in. If it goes BEOB on the ...

james16 Chart Thread

AUDJPY — Niceish pin forming on the AUDJPY 1h/4h. AUDJPY 4H - 16/07/09 2300hrs 1h/4h pin (2d) Nose to 75.85 Break at 75.13 Entry Target 74.95 Pros: Bouncing right off a PPZ on 1h and 4h, low risk Cons: right into a round number, pin doesnt ...

james16 Chart Thread

Think you mean big brother

james16 Chart Thread

It isnt a formal ranking system A+ means good. A+++ means gooder. A++++++++++++++ means goodest. The others are even more subjective! B means im boredtrading c means i should know better but am considering actin a fool. d means i finished that ...

james16 Chart Thread

A fancy term for statistical math. As opposed to empirical observation, a fancy term for looking at stuff. mainly for people who want to impress people ...you could do a market analysis of buy and sell orders at a level where a pinbar has formed, ...

james16 Chart Thread

This should be in the first post. Everyone who has just started trading but thinks they can 'improve' on the rules set out by James in the first post to use the magic of compounding to make a million/billion/batmanillion dollars in x months, if only ...

james16 Chart Thread

No, got it perfectly. .8*100 - .2*150 = 80 - 30 = 50... so, based just off this, you can expect to make 50 pips on average every time you take this setup. So you might do it ten times, get 8 wins (800 pips) and 2 losses (300 pips).... pretty sure ...

james16 Chart Thread

Oh man. This was the next thing on my list to yell at people about. Stop making compounding spreadsheets. You are fooling yourself. You cant just assume that every trade goes you way, which is exatly what your silly sheet is doing. If you get ...

james16 Chart Thread

risk:reward — Alot of the new traders in this thread seem to take the 'you need 1:1!@#' and run with it. And it isnt really true. and, since it has bugged me for a while and I am waiting for my coffee... <semi-offtopic rant> I blame Van Tharp ...

james16 Chart Thread

... — Protip: it wont take anywhere near as long as you think. The signal:noise gets pretty low from time to time, there are stretches of 10+ pages with nothing useful Good on you for putting in the effort, though. It is well worth it. Most ...

james16 Chart Thread

EURAUD — It does look like a good pin - just touched the 23.6 retracement of the big downtrend and then broke back quickly. I missed the initial entry, but will look to get on board at a break below 1.7775, which seem to have acted as support ...

james16 Chart Thread

Candle/chart pattern reading list. — Pring's stuff is excellent. In fact, his Technical Analysis Explained was the first t/a book I read when i decided that there might be something to all these funny lines drawn on charts. Pring on Price ...

james16 Chart Thread

Presumably this one (this is an ibfx feed). I missed this - being on the other side of the world can be inconvenient at times! image

james16 Chart Thread

With 5 sets of fibs (so, 20 lines), 6 (or 8?) ppz/sr levels, a few round numbers AND 4 channel lines, I would be amazed if a bar didnt bounce off something on your chart! I do agree that g/j could definitely just be retracing the big fall and ...

james16 Chart Thread

This is the pin I am watching for too. Stops are pretty huge though >:/ GBPJPY Daily pin (2d) Nose to 146.76 Break at 152.35 Entry Target 152.45 Potential roadblocks: 152.84(ish) 200EMA 155.10 - big s/r ppz (daily), 61.8 retrace of last big move ...

james16 Chart Thread

Judging by the comments I have read in forums, it does the exact same thing too - brings in some fish to feed the food chain

james16 Chart Thread

GPBAUD — My MT4 feed (IBFX) doesnt have the pair, but my executing broker does. But their charting software is rubbish, the pin isn't that well formed on my chart, is into heavy traffic in a sideways market and work is too busy today to ...

james16 Chart Thread

AUDJPY — 4H chart. Nice BEOB at swing high with the trend bouncing off a PPZ and the 200EMA...assuming it closes as a BUOB... image *edit* with some support which could cause trouble around the 75.40-75.30 level. For some reason, the line ...

james16 Chart Thread

nice. — This is one of the most thoughtful trade breakdowns in this thread that I have seen for a while, and I dig your 'holistic' approach - some fundamentals, some news-driven events, some tech and some PA. Another kind of confluence, I ...

james16 Chart Thread