Yes Mike, very much so. Thanks for your help.

james16 Chart Thread

LOL. Mike, after the topic of this thread has obviously changed I hope you don't mind me asking some silly trading question. I just got your email analysis of GBPAUD. My question is: do you take those longer-term outlooks into account when ...

james16 Chart Thread

I hope for your tandem partner that you did not mix too many different beverages at the wedding. LOL. No seriously, that's pretty cool, Mike. I always wanted to skydive. The car mechanic at a nearby garage is a real crack and has already ...

james16 Chart Thread

Yes, it was about 4 am. I just couldn't sleep and saw you in the online list. Being absent from this thread for a while I totally missed your move to China. Do you like it so far? Update on my trades: GBPUSD - moved my stop to 1.5968. I'm not sure ...

james16 Chart Thread

Hey PB, you are awake, too? What time is it in China?

james16 Chart Thread

Thanks, Jarroo. This really flatters me. I always wished that I could come back to this thread some day and give something back after all I have received from you guys. Ghous, you should write a book about this stuff. Seriously, this post is ...

james16 Chart Thread

Hi ritesh, Chanya has compiled a very nice PDF on the basics of Jarroo's strategy. It will probably help you with the meaning of those terms (apart from their abbreviations): Price Break Through.pdf

james16 Chart Thread

Hm, I'm not sure. So far I have focused on daily HCRs/LCSs and did not care about the others too much as long as there was enough space I traded into. Maybe Jarroo will chime in and help us with this.

james16 Chart Thread

If you look carefully you can see that price retraced to the upper area - not to the LCS but to the LLS (Lowest Low of Support) which is a perfectly valid entry for a Jarroo-like trade I think (please correct me if I'm wrong, Jarroo). I found that ...

james16 Chart Thread

Hi Rosa, I'm only recently trading Jarroo's method. But this is what I can tell you from my general trading experience. The situation is exactly like you see it: controversial. If PBT&CB a LCS and there's still another LCS right below it, it of ...

james16 Chart Thread

My GBPJPY entry was hit. I moved my stop to 124.60 which would be nearly a full loss if it gets hit. GBPUSD took off recently and is approaching my TP at 1.6045. EDIT: It's friday and I moved my stop on GBPUSD to 1.5912 before the daily closes. I ...

james16 Chart Thread

LOL. I hope I will never get used to this feeling. Great job, patapouer! For me it depends on what's above (in case of a long trade). If the level from where price retraced is strong, it may stand against my entry and I rather stay ...

james16 Chart Thread

Yes, right to the pip. Now all I need is a break through the resistance price is lingering at. I leave my stop at BE. My trade for today is on the GBPJPY. Like Chanya said it may take off from the bar highs and not the HCRs. But it also may find ...

james16 Chart Thread

Hey Chanya, do you mean as short trades? No. I usually stay out when I see two bounces on top of each other like on the AUDUSD. Price often gets through the first level and reacts strongly at the second. Maybe with a stronger PBT&CB into the second ...

james16 Chart Thread

Hi Rosa, this is my opinion: Great places to take profit are those PPZs or prominent support/resistance lines. Where exactly I take profit depends on how much I trust a level. If I think it breaks through I put my stop behind a line where I think ...

james16 Chart Thread

Hey C-12, but you were already in profit, weren't you? Or did you close it prematurely?

james16 Chart Thread

Hi MT, great to see you here. What exactly do you mean? Have you seen Mike's post on GBPUSD? Here it is: I think we're well-advised to handle this one with care (protect profits, move stop to BE). As Mike pointed out it may very well lose momentum ...

james16 Chart Thread

In terms of the closes your level looks pretty well defined on the daily. But I personally would be hesitant to take a J16 trade here. First of all it wouldn't be at a real deep swing low. Second, price just hit the VBRN 2.0000 which also lines up ...

james16 Chart Thread

Hi Ritesh, welcome to the James16 thread. Your post reminds me of my own journey and my stumbling over this thread. You may in fact look back in a few months or maybe years and praise the day you found this thread. It may not only change your ...

james16 Chart Thread

I joined you at 1.5881. SL already at BE. Pretty conservatice with my SL. But as I said this trade has some downsides for me.

james16 Chart Thread