I am not taking that pin because there is not enough space created and there are many barriers in the way. I do not feel comfortable with it. Just watching for now. Ben

james16 Chart Thread

It is a great discussion in my opinion cause everyone is learning from it. Good luck whatever you do mate Ben

james16 Chart Thread

Hi Kiss, Personally I did not take that trade cause I wanted to see more space, but that was a good trade and I'm happy you are making pips I will just add my thoughts about how managing a trade like this. Maybe it will help. Look at the blue ...

james16 Chart Thread

PERSONALLY I do not like outside bars which are looking like natural bars in their shape (dojis). I think those setups need to reflect the current situation in the market. That bar on the weekly looks very undecidable. A few pips upper and the ...

james16 Chart Thread

Don't get me wrong. I didn't say it is a long trade. That pin isn't at swing low, and doesn't have much space. I did not plan to take it. But I use this information to give me a clue about what price is currently doing. It is a good enough sign for ...

james16 Chart Thread

Usually I drop to a lower TF in order to choose the best entry, but that pin just jumped out at me when I saw it. In addition, we are in an uptrend. Anyway, hope it will work for you. Good luck Ben

james16 Chart Thread

Hello Mark, I won't take that trade. Please read the charts below, I think it can be helpful. Ben Daily chart: image 4H chart: image

james16 Chart Thread

That makes perfect sense Thanks. Ben

james16 Chart Thread

Jeff, great post, thanks! But I think I tend to agree with the sir above. Sometimes I see real nice shaped pin bars off confluence, and I just automatically place my TP order at the first trouble area without thinking, if I know this isn't a long ...

james16 Chart Thread

Read the first 150 pages of this thread. Best book I ever read Ben PS - watch the videos at the guest area: url

james16 Chart Thread

Did not get that one on my feed. But from the picture I can see: 1. with the trend. 2. Ton of space. 3. long nose sticking out above the resistance area. Good job jarroo Ben

james16 Chart Thread

Hello Grover, I think that was my riskiest trade this week. I took it mainly because of the location (under a major PPZ 1.7000, round number, fibs, divergence, etc). When I saw that weekly PB I decided to take it. I am not sure if it's right ...

james16 Chart Thread

Well..I guess today is one of those days when the patience and discipline are critical. No good enough setups for me to trade today Ben

james16 Chart Thread

Hi tradertt, I think that last yellow line will make trouble to your trade. Not much space for it to run. It is not at a swing High, not really off a PPZ. In addition, you have divergence to the opposite direction. Personally I won't take it. Hope ...

james16 Chart Thread

Thank you James. You are right, and I think this fog starts to gain weakness. I made a post this week that after you understand this material, the only thing that can kill you is wrong money management or psychology. I think that fog is the ...

james16 Chart Thread

Thanks SP. I found a thing I can improve....I could move my stop to a few pips above that line instead of exiting. I always tell it to myself after a trade, but not doing it. It went down another 35 pips now... Next time (as I always say...I won't ...

james16 Chart Thread

Correction — There was no divergence. I made a mistake. Edited the pic. Ben

james16 Chart Thread

Another trade I took today — Here is another winner I had today. As usual, I would be glad if the seniors around can give me reasons why NOT entering this trade. It is weird because last week I hardly had one trade...this week 9 so far. I am ...

james16 Chart Thread

Mike, reading these kind of posts from someone like you make me smile. It's like something inside me is stressing that the way to financial freedom everyone looks for, is real, and it is one step away. We have here something so many others are ...

james16 Chart Thread

This one is really great salisa, I f price breaks that 136.55 line on your chart, it will act as strong support and we can smile. But I think high possibility it will make trouble and price will consolidate below it for a while. Ben

james16 Chart Thread