When in doubt stay out. I am sure you have heard that 100 times and it is the truth. I am an extremely conservative trader, as most know inside the PF. Don't regret missing a move.

james16 Chart Thread

Yeah you could wait till a break of that pin also, but for me a break above todays pin and a break of the weekly I4B would be enough It might not even make it up there

james16 Chart Thread

Hey Dan, The trend right now would still be considered down(in the short-term), but the longer term trend is up. So a position I would take would be a long term position. So ideally I would like to see a break above 8320, for entry then a further ...

james16 Chart Thread

Then using just your image(i edited just part of it) if I was looking at the same thing, this is how I would have looked at playing a bounce. The bar with the red arrow is a pinbar, and I would have waited for a break down under that(red line). ...

Question for experienced traders: what am I doing wrong?

Hey David, Take my interpretation for what it's worth. Nothing more then my views, and you aren't necessarily right or wrong. I saw the NZD has winding up real tight. So taking any trade within the windup I would find as not really worth being ...

Question for experienced traders: what am I doing wrong?

Interesting setup forming on the aud. Last week was an I4B on the weekly. On the daily we have a pinbar(in traffic) forming on support, after a break of the trendline

james16 Chart Thread

No this isn't correct. Most retail brokers are open 24/5. Of course there are always exceptions to anything. This isn't something you are ever going to have to worry about.

anyone need help?

I think that should be the first think taught about TLs

Drawing a Trendline

Ideally, A trailing stop is a technique used for minimizing losses and capturing profits. It is not mandatory and it has both advantages and disadvantages, and has more to do with the personal style of the trader. There are also diff techniques for ...

Trailing stops

Nader that was an awesome experience to share with us. And your last statement is so true. I remember a debate awhile ago on the main side where some were arguing no one ever goes broke taking profits. Thank you for sharing, sounds like a blurb out ...

Trade & Trader Idea, Concept & Circumstances

I found this appropriate here since Merlin brought it up and answered. I was typing this out in my own words, but decided to revisit the actual source itself and quote him(why butcher something done right ). This conversation came out of talk ...

Trend spotting

Of course these are another one of those personal trading questions, so remember again, mine is just my opinion Personally My plans are set before entering a trade. Then it is all maintenance work. If my target is X, then that is my target. The ...

james16 Chart Thread

Good trade to cut short being in such a tight chan. A small win here is a big win I think. I wasn't prepared to trade until we left this channel, now I will look for a short when it presents itself

james16 Chart Thread

I won't consider a trade until a breakout of what were in now

Lets Talk GBP/JPY "the geppy"

Hey Marcy, If i may, when BB refers to a new daily candle that starts at 6 or 7 pm etc, he is speaking about finding a broker that has a timezone that fits your need. For example. North finance broker new candle starts at 5pm eastern each day, where ...

anyone need help?

When an actual TBH/TBL forms, it is showing exhaustion, when that then breaks it can be a continuation. So it is both in a sense. Here is the EURO, We had a TBH(three bar high over 5 days) this is exhaustion of the sharp move up, strong strong ...

james16 Chart Thread

My views in bold below

james16 Chart Thread

I wouldn't even consider putting on a position till we can get out of this range look at that support it found, unless that breaks --

james16 Chart Thread

Hope is a dangerous thing in the markets Since your initial analysis was wrong, best to just cut your position. That is a bad habit to develop The good thing is you are on demo, and making mistakes is how you learn. Close out, and move on Mike

james16 Chart Thread