Yes there is certainly room to work with, but my opinion(and again just the way I trade), is that you are stretching it a bit with that trendline, more Looking to be in a trade then a solid setup. Again it will come back to styles and how agressive ...

james16 Chart Thread

Hey ghous The trendline you have has already been invalidated with that move back through it. A bit too messy in there for me. Patience :0 This is how I have it on my list Best Mike

james16 Chart Thread

Hey Jason, I never go chasing the market(intentionally at least lol). If you miss the trade that you had planned out, that is it...time to move on. I see too many posts "missed my entry, but I still think we have room to run a bit". To me this is ...

james16 Chart Thread

Scan charts Refresh - Forex Factory Refresh - James16group answer - phone refresh/answer - emails/pms- answer - chats/posts Scan charts Hit next shot tiger woods 09 rinse and repeat But now I am off to gym Mike

james16 Chart Thread

nope never read to much of his stuff, too many patterns if you ask me(just my opinion). I like to concentrate on the patterns James teaches and just try to keep things simple and in the end to me it is all about location location location Take ...

james16 Chart Thread

Hmm, I don't think I quite understand your question. For me generally my thinking is this. 1. Is there a trending market(specific to the timeframe I am looking at). 2. If yes where are we at in that trend(ie, retracement - so we can look for ...

james16 Chart Thread

yes a PPZ is simply an "area" where there is a flip b/w support and resistance These can be zones, and are often not one specific point. Often times they line up with other things such as round numbers Posts that best explain it url url url ...

james16 Chart Thread

I trade all the formations as taught by James. My favorites are the reversal bars, pins/buobs/beobs. Giraia, make that sad face a happy face avatar Mike

james16 Chart Thread

Hey I keep all trades independent of one and another. So I will trail my stops based on THAT trade, not what some other pair is doing. You can't help but notice when one currency is the strength of the day, or in the spotlight, but I do my best to ...

james16 Chart Thread

Hey Ghous, Not sure if I understand you correctly so feel free to re-ask. The usd/cad was clearly against the trend to take a breakotu long so that should have kept you out of that if you follow that rule(you may not). As for the BO+ pullback. If ...

james16 Chart Thread

Hey Ghous, Yes I have been watching this(posted a pic a few pages back in this abyss ) But I only trade breakouts especially shorter term with the trend. They are usually more sustained and you can avoid fake outs such as below. Granted there was ...

james16 Chart Thread

Hey OGW, Once and a while(for example a few weeks back with the high volatility.) There were a bunch of pairs that had small gaps on the oanda charts as well as my broker charting. This extra gapping on even oanda gave me even more confidence to ...

james16 Chart Thread

Hey Giuseppe, Gaps in the forex market tend to close much more then they don't. In fact all gaps I have ever personally watched have closed. This doesn't mean they close right away, or when they will. They could take weeks to close. To me gaps are ...

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wow I only just read this now Merlin, so unbelievably well said Thanks Mike

Admit it - your profits are based on luck

Hey Initex, That is the catch with fundamentals and most things in trading. It is never as cut and dry as it seems. It has much more to do to how people are going to react to the information then anything else. This is why a lot of us(including ...

james16 Chart Thread

Just wait for these real obvious consolidation areas for BO+Pullback plays Again I trade BOs on the 1hr/4hr. These are still considered "faster" timeframes and it goes back to the start on the higher timeframes. Here is an example

james16 Chart Thread

No worries your english is just fine That question had to do with ways of playing a "failed" pinbar. Then is selling a low of a failed PB. I suppose you could do the same thing with BUOB/BEOBs, but you want to limit yourself to those(including ...

james16 Chart Thread

The only potentially valid signal would be to short this BEOB, or there was one on the 1hr, but it wasn't a clean looking BO+PB, which is easy to see after you see the good ones. If you did take the 1hr BEOB then it was a loss So the bar here with ...

james16 Chart Thread

I'm sorry I am not quite sure what you mean about trading against a bullish PB. You are simply going to look for Price action to go short, not long. Do you mean short a break low of the BUOB?, you would only consider doing that if the TL holds, the ...

james16 Chart Thread

Hey Not quite sure what you mean. I look for a breakout then a pullback, at the pullback area which I look to be clean and clear, I look for confirming PA So here is the eur/cad . Just because price breaks down and pulls back doesn't mean we have to ...

james16 Chart Thread