you are sicker then I thought LOL

Admit it - your profits are based on luck

A good chuckle for the weeks end is always nice thx

Admit it - your profits are based on luck

No worries Jason, I didn't want to bore people with my personal style it would be me who would side track things as I ramble a lot ! LOL PM sent back Enjoy the weekend Mike

james16 Chart Thread

Hey Jason, I don't want to go too off the scope of this thread with my personal exit styles. It is very lengthy and beyond the scope here IMO. I never take partial profit on my regular trading(price action/breakouts). I 95% of the time trail my ...

james16 Chart Thread

Hey Jason, Yep this is exactly the technique I use for Breakouts + a Pullback and then you can find these continuation looking bars. In this case it is just an Inside bar. But this is the one time I look at an inside bar then more then just that, ...

james16 Chart Thread

It is certainly possible and doable. The point isn't that you can't trade the 5min, it is just to take the right steps to get to the point where you CAN trade the 5mins if that is where you want to be. Most people want to go from, reading parts of ...

james16 Chart Thread

I agree PA can be appliied across all timeframes. In fact I have traded the 5 min with success as well(I got burned out real fast). Heck I even started to get burned out on the 1hr. So yes PA is universal in that sense. Here is a post I made in the ...

james16 Chart Thread

Hey Jason, My last post was a bit more advanced technique in terms of playing pinbars and PA with breakouts. Normally I simply play a break on the next bar, and keep it very simple Best, Mike

james16 Chart Thread

Basically we are just selling a new high/low on a breakout trade. So here on the nzd/jpy. Price broke out and the pinbar was formed and also part of the pullback(marked by the red x). Now say we get no good price action at the pullback area(former ...

james16 Chart Thread

for me the ideal situation would be the gap fills up near 197.50 then we look to short back down and fill todays new gap but ideal is hard to come by in trading

james16 Chart Thread

I would always wait till sunday to place your orders, this volatility is simply b/c of all the other volatility we left off with last week and friday. This is the exception of a day rather then the norm. Mike

james16 Chart Thread

Hey Jason, Speaking purely for myself, I see discretion as that extra edge that comes from screen time and experience. The rule based part of my trading is simply to keep me structured and on the right path. The rules aren't set in stone they are ...

james16 Chart Thread

Hey Wiz this is the first time I can ever remember seeing this with another significant gap. You could just have short gaps open, but since I am up quite a bit(biggest right now is over 600 pips) I am just going to hold my long gaps only so hoping ...

james16 Chart Thread

no my gap plays are completely different then then what is discussed on this thread. I scale into my gap positions in very small chunks and is the only time i do this. Mike here is my post from the j16 site for those interested

james16 Chart Thread

Hey pat, On my chart feed we have a body that is equal to the nose length. So this to me is not really a pinbar. When they are equal length like this I pass on these. Attached is a picture of what I mean. Attached also is the gbp/jpy with what I ...

james16 Chart Thread

no worries T enjoy the weekend no beer drinking smiley so this will have to do

What's a good moving ave to avoid whipsaw?

ah well, when price free falls like this, I tend to use the previous days high to protect my profits. This steep of a move is just due for a retrace, and with the gap there too. So that looks good to me, I would even use todays high and just lock ...

james16 Chart Thread

Hey grinder Thanks for the kind words, means a lot! I think I understand your question, but if I am mis-interpreting just let me know. If you zoom out a lot on the daily, we can't see any support areas. This tells me we are nearly in "no mans ...

james16 Chart Thread

LOL T, no contract, just an agreement from someone helping me out of respect of his wishes. DS is one of the nicest most helpful people I had the pleasure to cross roads with. There are tons of his posts on this forum some that one has to dig for, ...

What's a good moving ave to avoid whipsaw?

gap + pinbar = high probability setup. I already have a built position on it, but would add if a valid pinbar forms.

james16 Chart Thread