IB means Inside Bar, which is a price bar inside the previous bar. It means price is consolidated and is a good time to look for a breakout take care mike

james16 Chart Thread

a Good setup is a good setup. Pinbars just happen to be my favorite. My sl is always the high/low of th bar. I don't normally set TPs. Only on some (now) breakout plays. In general I always trail my stops. I don't really believe in targets that ...

james16 Chart Thread

yes I am watching a break low and i see infinite pips wiggle room confirmed break low and I am in, a break of 228.50 resumes the bulls from my charts

james16 Chart Thread

here you go tiki from my watch list

james16 Chart Thread

you are never alone tiki, just being watched It is a boring waiting game most of the time Gobble gobble

james16 Chart Thread

yeah markets are thin for sure Kris Take care bud Mike

Turbo's Journal

I didn't even have a pending order on this one. Me and Tom had a talk about this one yesterday. But yes order canceled moving on is a good theme

james16 Chart Thread

The same as every other week

Thanksgiving Trading!

I really didn't read this whole thread but I don't see anything wrong with having a "go for it account". Actually I think for a trader that understands the markets it is a fine thing. I did it in poker and I do it in forex. Like Scott said you are ...

How I Turned 1k To 100k In A Wk!!!

I am from the school of trailing stops(cut ur losers, ride the winners). Most of my trade mgmt is like this. In the PF I have a thread dedicated to this that blew up b/c of just the reason you speak of. Depending on the timeframe I trade, is the ...

james16 Chart Thread

business as usual

One insane week?

Many ways to play these and all bars. The most conservative way is to wait for a break of the bar to enter(that means wait for the high when going to long, and low of the bar on a short). Place your stop on the opposite end of the bar. Other ways to ...

james16 Chart Thread

way to go boss

james16 Chart Thread

This broker discussion is ongoing. I have settled into watching two different brokers charts. My thinking is that sometimes one chart doesn't allow me to "see" what is going on as clear as another broker. Always will be an interesting topic of ...

Daily PIN Bars

first off both of those are great pinbars. Sometimes timezones data feeds can be very different. But remember, price is still price. So it may look different on one then the other, but price is still the same, just broken into chunks differently. ...

Daily PIN Bars

Great post Merlin

Trading Myths

yes that red bar by C is a pinbar and a reversal bar for more price action using bar charts check out the James16 chart thread And if I might add, watch out trading on the 5 min charts Take care Mike

Bar Charts Experts Needed

I do agree with this, however that doesn't mean a system can't perform over all timeframes, but is it worth it? The main problem I have with moving to such very low timeframes to apply my methods are the amount of trades I would have to take(not ...

Trading Myths

It is in my opinion that a good system can work across different(all) timeframes and all types of markets(So a method that works in the forex market, should also work in the commodity markets etc). While the results may vary such as trading on a ...

Trading Myths

who told?

james16 Chart Thread