Perfect where is price going James would be proud of that one Mike

james16 Chart Thread

amen million times over If you are new and struggling, never forget the above statement. THe markets are calm/choppy right now as we get out of the holiday. THese markets hurt a LOT of people Mike

james16 Chart Thread

i was watching this pair but with the steady uptrend and smaller bar in traffic it's a tricky one to play. Not wrong though depending on how one likes to manage their trades. I would of preferred a big old beob closing near the TL Thanks for ...

james16 Chart Thread

Hey R When I say "wick play" the idea is to use the wick of a bar to look to fill as the path of least resistance. Here is an old chart from the PF for you. Think of the wick as previous absorbed orders. With the right confluence they can be a nice ...

james16 Chart Thread

this one broke out strong No good PA entry for me. There was a close "wick" entry as I have discussed, but not quite good enough

james16 Chart Thread

Hey P I would be careful with this. You defined a pinbar but the location for me is in a lot of traffic. This is similar to where we spoke about it back here url In this case it's just a pin vs an outside bar. Price is very sideways here making it ...

james16 Chart Thread

I agree with you here too Paulm, I went off on a rant with the in general about that idea. Mike

james16 Chart Thread

Hey Michal It's not that one shouldn't worry about it, but one shouldn't make a judgement that a lot of people out there make which is you MUST get X amount above your initial risk on every trade. You will see many say that do not take a trade ...

james16 Chart Thread

Hey Paulm I love the topic of risk:reward and trade mgmt. In fact it's where I spend most of my time explaining things to people these days. I have found that most people believe this topic is the most difficult part to trading. One thing I do ...

james16 Chart Thread

thanks dude and great job!

james16 Chart Thread

Hey Aziz Welcome to the thread When starting out look for beobs up at clear swing highs. Notice how this one sits down in the sideways market. This is what we refer to as traffic and basically means your trading into trouble. Without proper ...

james16 Chart Thread

yep we got it good here. Freezing now too. Some crazy weather I'd mail you some if I could and take some sun and heat instead. Looking forward to my trip to florida in a few months and get out of the cold lol Mike

james16 Chart Thread

Hey Endo I am not showing any gap that big? Do you mean from back in dec 2012? That's about 7pips and irrelevant to me at this point(if that's the one you meant) My post above should help clarify a bit more what I mean too Best Mike

james16 Chart Thread

Hey Benjamin Welcome to the thread It's not that I have gone long yet or that shorts aren't relevant. It's that in this case here this is a major TL, when a TL like this gives it's often a very strong sign that we will now flip higher(think PPZ ...

james16 Chart Thread

snowed in here in NYC here is a nice chart a bunch of us are watching. you can watch it for shorts but I much prefer to see PA if we can get above this TL. THe most important part to this TL is the accuracy.

james16 Chart Thread

Hey Blaz Happy new year We are still very much active. We are in the midst of upgrading and redoing the entire website right now though. So you may want to wait till the update occurs in the coming months. As for material yes new material is always ...

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Good for confidence is right Dan. We will take losses no matter what. One thing is with the end of year markets they are less liquid so everything is a bit more choppy or over exaggerated. So good patterns they might respect but over shoot more ...

james16 Chart Thread

Happy new year to all my friends here. I am excited to get back to it though YUM got stopped out at b/e here is my updated LTXC chart with locked in profit

james16 Chart Thread

Hey Albus I think that's just a very illiquid market and a spike above to clear out a position or just clear the stops. One thing I am careful about is any wicks where price closes back under previous resistance/support. So if price closed above the ...

james16 Chart Thread

what's up my friend Have a happy and safe new year!

james16 Chart Thread