go with whatever charting time that is comfortable for you. Forex is not centralized thus we have this problem. I personally prefer a daily close of 5pm est as this is when New York is closed and thus the main US session is done. But the general ...

james16 Chart Thread

This phrase means different things to different traders. For me cutting my losses short and letting my winners runs is built into my exit plan. I am a trailing stop trader so I look to minimize risk but at the same time allow for the chance at the ...

james16 Chart Thread

This has to do with when your broker bar closes. Oanda has a different daily close then say FXpro does. This will cause a different look to the bars, but price still did the same thing. This is part of an uncentralized market Take care Mike

james16 Chart Thread

I wouldn't go too crazy with combining bars and what not, of course this is up to you. All my goal is to pick high probability trades. They certainly won't all work out nor do I expect that. I just like the level we formed at, the rest is up to the ...

james16 Chart Thread

Hey 2mas, how you been Yep I like this one too. I try not to let what else is going on around cloud my judgment. I just like to look at each pair trade by itself. This is in a good location, would have liked a bigger nose, but it sure is a high ...

james16 Chart Thread

Hey Mike, happy belated birthday

MW's trading journal

hey grinder I was just looking at the gbp/chf Here are some possible scenarios. I always place my stop below/above the pullback price action bars like other trades.\ The red X is where I will be watching for a pullback and price action Hope that ...

james16 Chart Thread

Hey Kaspars, You need nothing but the daily chart. You don't need to move down to place any of your orders. The reason people drop down is b/c they always want something more. A better size stop, so they can ahve a larger position size etc. But the ...

james16 Chart Thread

damn this was nice Thank you Mike

james16 Chart Thread

so I don't waste peoples time with my last post wouldn't this be nice to end in a pin today

james16 Chart Thread

I just read this and it made my week seriously. LOL would you not have a few beers after this could be seen from your house My apologies for putting non forex in this thread, but usually it is James who gets to post these(We don't get tornadoes ...

james16 Chart Thread

Stick to the daily/weekly timeframes. Just watch a lot of pairs to pick the best setups. Just stick with simple Price action. url Will allow more time for your family and a lot less stress Best of luck Mike magnum beat me too it

Dear Full time/Part time Traders – Thanks for your time and help

I assume you mean fundamental news worries you? I don't worry about news. James once said he avoids news like the plague. Why? Just let price guide you. A good price action setup is a good price action setup. Especially on the larger timeframes. ...

james16 Chart Thread

Man I love your excitement too. I can still remember the feeling when I found this thread. I remember always being like I just want to know why price is doing what it is doing, enough indicators pleeeeeease. Then boom James16 Chart thread

james16 Chart Thread

Just some of my views

james16 Chart Thread

url

problem with trading news...?

yep that is what we look for in an A+ pinbar. Stopman, todays bar is an Insidebar(as of 4pm est). This is when it is contained within the previous bars high and low. A pinbar can not be an inside bar also. Take care, Mike

james16 Chart Thread

Nope, the best thing to do is break your initial positions up if you believe you are going to close partial later on. For example instead of buying 5000 initially. Buy 2500 and 2500 at the same price. So later on you h ave the ability to close out. ...

Closing half of my position on Oanda

Yep listen to Jarroo(jim number 2 ) he knows his stuff. This hrly pin was a nice one, and based on how James teaches it went right to where we would expect it to stall Of course depending on how you handle your exits you might still be ...

james16 Chart Thread

I like this idea

james16 Chart Thread