Yes it was Bad luck I didn't know the forex world when it formed LOL. Ben

james16 Chart Thread

The fib ret is pulled from the high of November 2007 all the way down to the low of december 2008 and makes a good line of 38.2 crossing the nose of the PB. Yes, I was mistaken with the divergence...I have placed the line wrong and confused my ...

james16 Chart Thread

Hey Bundy, Thanks for your comment. I appreciate it It's good to know the point about the closing of the bar close to the confluence area. I"l take note of that next time for sure. By the way, I'm not sure when that bar will close, but there is a ...

james16 Chart Thread

Thoughts — There is a pin bar forming on the weekly EURCAD. There is confluence of three fib rets. There is also a nice bounce from the 365ema which is good in acting as a strong SR in swings. Ohh and a mini PPZ as well. The thing that bothers ...

james16 Chart Thread

Yes, I absolutely agree with you. I just saw that traffic and thought to myself "there is a good chance for trouble in that area, so I might look the closest place to move my stop or exit". Personally I will place my stop a few pips above the end of ...

james16 Chart Thread

Weekly pivot point — Hey, I have just noticed a weekly pivot point at 0.980417, that will be 30-40 pips below the nose, so IMO opinion it will pay off waiting to see if it will break as well before entering the trade. That line can make ...

james16 Chart Thread

Weekly PN johnnykanoo found — Here is a pic of a lovely weekly pin bar. Take note it is John AKA johnnykanoo who found it. He can't upload a pic so I did and added explanations. Good eye Johnny

james16 Chart Thread

Yes, I have posted one of Jim's charts a few seconds before your post. I remember Jim trading them so I treat them the same as other PA patterns. I have checked them back on my charts and they work well. Ben

james16 Chart Thread

I don't know what exactly Jim is teaching in the PF, but from my tour in this thread, I have seen he was playing breakouts of double bar highs or lows. He was treating it like a PA pattern...at least that's what I have understood (am I wrong?). ...

james16 Chart Thread

Can't you see the chart? I have pasted it on the post. ok I will attach it to this post (maybe some can't see images which are posted directly). Thanks Ben

james16 Chart Thread

Hey guys — Hey guys, So far I had only one trade this week (was too busy reading this thread from the beginning....currently at page 135 busy days). The gj had a breakout on 4H of double heights, so I entered long 10 pips above the bars ...

james16 Chart Thread

I agree. I have read once that one of the factors for most or at least many traders to retire or loose confidence is letting themselves think that when they lose, themselves are the losers instead of their trades. The fact is that even the best ever ...

james16 Chart Thread

Yes I am still monitoring it... I think it will find a bit range area until we will see a pop out to one of the directions. PS - Thanks for all of you who have welcomed me. This thread just moves too fast for me! PSS - Thanks Mike for your reply. Ben ...

james16 Chart Thread

Hi Mike, Thanks for you reply (: Thant makes sense. Do you trade only PBs (combined with other factors of course)? No PB = No trade for you? Ben

james16 Chart Thread

Hi GregB! Thanks for the welcome and the reply. I think we are in the same mind. I have based my PPZ on 0.8900 instead of 0.8917 because it is a round number (Psycho level). I think that's ok. For me a good place to enter is always a few pips above ...

james16 Chart Thread

Hello everyone + first analysis idea — Hello everyone. I am new to this business (but don't worry, I learn fast ) Basically I am one month learning forex only from the internet and forums. I spend a lot of time each day. This stuff is ...

james16 Chart Thread