Trading — Hello Bemac. Interesting and very wise comments (as usual). May I ask: 1. What would you consider your best (most preferred) set ups and timeframe? 2. Why do you think P.C. had so much success with the one hour dib concept? Some stop ...

james16 Chart Thread

Yes and your reply just made me think of a third adage I ALWAYS use..... p.d. Thanks "Hook". KR

james16 Chart Thread

eur/chf — Yes, I've been watching this with interest too. It looks like a powerful move could be triggered by this set up, doesn't it? However, I don't like it. Not the set up, just the markets in general. If I thought the euro was going up ...

james16 Chart Thread

I would suggest the USD/CHF has been/is a long term short anyway. You could have done a lot worse than just stick a stop loss (a few pips) behind the previous daily bar in much the same way I was doing with the long on AUD/USD during the middle of ...

james16 Chart Thread

Mike, Just wanted to say, thank you for all your recent posts. KR

james16 Chart Thread

Yes, we shall see (1.587). I shorted this pair yesterday (1h) because I saw a nice DBHLC late in the day. I tested this with small risk, waited for the retrace (23.00 GMT) and held over night. I proved one of J16's theories yesterday. I am also ...

james16 Chart Thread

If I'd seen this, I would have taken the trade too. Excellent post. Thank you for sharing. KR

james16 Chart Thread

A wise reply. I think it would be beneficial (to many of us) if you define exactly what you mean by a swing high or swing low. You are correct though, I figured this pair was trending and took a chance at an ipb on the 1h. It seemed to fit at the ...

james16 Chart Thread

Yes, thank you for posting the chart.

james16 Chart Thread

eur/usd — I'm not interested to know that there was a classic BUEOB on the next one hour bar (9am GMT) that if taken (and taken again after support) would have earnt you a nice number of pips today. I am only interested if somebody can tell me ...

james16 Chart Thread

eur/usd — I played a pin bar off the 8am GMT 1 hour (resistance around 1.4170. Entered short at 1.4128. I nearly didn't. I was stopped out shortly afterwards. Can somebody tell me why this was an unacceptable trade (not interested to hear that ...

james16 Chart Thread

Okay, just very quickly and just for clarity. The trades I take are normally breakout trades and I don't like them retracing. Some of Jim's trades are different, which is one of the reasons I am here. I would execute some of these trades AFTER they ...

james16 Chart Thread

You're probably right, although it looks like a "washing machine" to me. I normally play break out trades (did I mention this before) but as the saying goes "you are never too old to learn new tricks". I try never to stop learning and I hope to ...

james16 Chart Thread

That's why I said when you "execute" the trade. Take Jim's example a few post's back. He let the trade retrace before executing the sell order, didn't he. Now, I certainly do not claim to know everything about J16 and his price action which is why I ...

james16 Chart Thread

Yeah, TRT tested this theory if I remember correctly. I couldn't do it!

james16 Chart Thread

The best trades are those which don't retrace much AFTER you have executed them. Why would I take a "full bar" loss? I'm not against taking losses, I would just rather cut them as soon as possible. Options expiry on Monday for all you gold bugs. ...

james16 Chart Thread

Do you only buy or sell the strongest or weakest markets? There is always a pair trending at some point during the strongest market hours. Do you buy a currency if it is "up" on the week or day? These aren't rules which are set in stone, but I ...

james16 Chart Thread

You're not stupid. I am for all the stupid comments I've posted recently. IMHO. Trade less, use proper timeframes, take a+ trades and listen to Supreme's very recent comments. I trade a lot of break outs and have hinted at some of the stuff which ...

james16 Chart Thread

Forget it. I must be seeing things. This was not a beob. I played the breakout. Too many charts open right now. KR

james16 Chart Thread

GBP/JPY — Quick question: I played the GBP/JPY (again) this morning. I put stop loss just above 129.50 for the daily beob on 22 June 2011. Please advise whether this stop loss is correctly placed according to this method, or should it be ...

james16 Chart Thread