\ Hey woolley welcome to the j16 thread Here is a chart of chf/jpy. I would have a lot of trouble pulling the short trigger because of all those bar highs. That is fighting into a lot of support. As for eur/jpy this is not a dbhlc. For it to be ...

james16 Chart Thread

Thanks for the feedback Carlos, yes I have a bunch of other videos. 12 all together so far with the beginner videos and my material. And yes trade the cherry! Have a good trading week all Mike

james16 Chart Thread

Certainly don't feel dissed. I was merely trying to point others in the direction of trailing stops, as this is at the core of my breakout trading as of now and feel that it will integrate into this(as it is breakout trading). Believe me I wasn't ...

No Free Lunch but all the Free Coffee you can drink

The PDF was a great read, thank you Peter(and thank your friend). Just an idea I am testing now One could potentially use a volatility based trailing stop. I use the BAT one for my other trades. The more aggressive you are you could change the ...

No Free Lunch but all the Free Coffee you can drink

who caught this one

james16 Chart Thread

Hey Babz, As you work through this thread you will get a better understanding. This concept is called confluence using fib retracements. The idea is when two or more fibs line up we have an area of confluence(or an area where price should react more ...

james16 Chart Thread

PPZ work great on anything with a chart great tool for entries, as well as trade mgmt

james16 Chart Thread

Those are in reference to pivot point levels url

Short Hand

Although everyone has their own interpretation of PA, here is something I try to stress When picking out pinbars, look for the ones that are not in traffic and create space away from surrounding price. If we look at this pin, we can see it was on a ...

james16 Chart Thread

Peter, Thanks for all your posts, they are great info! How many pairs do you watch? Have a great week Mike

No Free Lunch but all the Free Coffee you can drink

Hey Krue I only trade breakouts with the trend. So that would be counter-trend breakout, which is a bit more aggressive. The IB, on the first breakout that sits on your TL never triggered, and the PB that did trigger is still valid. Although it is a ...

james16 Chart Thread

my opinion yes the market has randomness to it. But it also has inefficiencies to it. So define random any way you want. If inefficiencies exist, then there is profit to be made. If you don't believe there are inefficiencies then don't waste your ...

Is the market random or not ?

Hey Krue, Yes they have the highest of all the ECN models out there(That I have seen or would trust). 10$ per 100,000 on usd based. Check out the website for a better understanding. As for trailing stops, I don't use broker trailing stops. I trail ...

james16 Chart Thread

Well said Swami, and I know there are going to be hundreds that need to hear this advice. James doesn't just go around saying trade higher timeframes first, use proper money mgmt, and treat this like a business for no reason. He says it because ...

james16 Chart Thread

Hey krue If you haven't already taken profit on this trade, then I would move my stop to under the pin. This would reduce your risk and cut your loss if it broke down again. Hope that helps Mike

james16 Chart Thread

Hey shady, you can use candlesticks or OHLC bars as James does. The information is EXACTLY the same. It is just a matter of preference. Although a lot tend to switch to bars because it makes it easier to learn alongside the material presented by ...

james16 Chart Thread

Hey Pedro I assume you are referring to the Price Bar abbreviations. Pin = Pin Bar BEOB = Bearish Outside Bar BUOB = Bullish Outside Bar DBHLC = Double Bar High Lower Close DBLHC = Double Bar low Higher Close TBH = Two Bar High TBL = Two Bar Low IB ...

james16 Chart Thread

Hey CP, you posted this just as I posted my answer above this one. But again generally you will find most waiting for a break of the low of the bar. So you would place a sell stop order. Others might choose to wait for a retrace of the bar. In the ...

james16 Chart Thread

Hey CP, Entry like most other aspects become a personal thing. There are a variety of ways to enter PA. The most common is waiting for a break of the high or the low of the price bar. Others like to enter on a retracement of the bar. For example on ...

james16 Chart Thread

PPZs can be used so many ways in trading, I agree that they are extremely valuable. I tend to use them for managing my trades once in, as they provide great areas to move stops Mike

james16 Chart Thread