But imo you should remember one important thing. A winner trade doesn't mean you are a successful trader - exactly like a loser trade doesn't make you a loser trader. Losing and winning is market's nature and has zero reflation of who you are as a ...

james16 Chart Thread

Well here we have a breakout and pullback pattern + horizontal price pivot zone. Notice how the nose of the bar is long and the close is well below the open. Strong trend, pullback to resistance. Simple. The second pin I do not like because it isn't ...

james16 Chart Thread

Yes 0.1R simply means 10% of your risk/position size. If you risk 100 pips, and take profit at 10 pips, you have made 10% of your risk. For a method to be profitable you need the relation between your win rate and risk:reward ratio to generate a ...

james16 Chart Thread

Well yea defining a profitable technical method always boils down to WR and RR relation. That's why they can be million different variations of theoretical easy ways to make money from the market. No only one holy grail. But once you completed the ...

james16 Chart Thread

Just in case not everyone knows this. The size of the bar in terms of pips doesn't mean anything. You just position size your risk accordingly when you choose how much "LOTS" or units to risk. Just a few things to note. Trading the James16's ...

james16 Chart Thread

Someone really needs to try and teach a 5 years old kid that has an artist's eyes how to read the market and identify patterns without explaining anything further about money. Let him take a decision each day before going to bed based on his pure ...

james16 Chart Thread

Hey Michael, If he's so famous and I didn't hear about him it's probably because I don't really watch international TV channels around here lol. I did not hear about that book but sounds interesting. I rather watch movies than read books anyway. ...

james16 Chart Thread

I don't know this guy but I know for a fact that all those brilliant talking heads, personal trainers and so smart and knowledgeable analysists that have reasons for everything wouldn't keep doing what they do if they were truly making money out of ...

james16 Chart Thread

It's not about good or evil. well I first found out about making money online then forex only because there was something I really really wanted to get, but had no time and willingness to spend my free time working a regular job at my age. Money ...

james16 Chart Thread

Now the question is...have you stuck to the plan? or have you let your fear of seeing a 2 day bar pin on daily ruin your plan? For me, if I was in this trade - now I would be getting an alert to make my first decision. As long as it did not hit 1st ...

james16 Chart Thread

And when I finish army I will very rarely trade lower than daily and weekly. Simply because I am not trading for being rich. Money is bullshit. It is nothing more than a tool. I am trading so I will be able to live and enjoy life like I want. By ...

james16 Chart Thread

Great post Cyrus, Another someone said.. "If we start from the premise that to create consistency traders must focus their efforts on developing a trader's mind-set, then it is easy to see why so many traders don't succeed. Instead of learning to ...

james16 Chart Thread

LOL

james16 Chart Thread

and here another, 4 years old....so cute video

james16 Chart Thread

Look what a 6 years old is able to achieve with a little hard work and practice.... video

james16 Chart Thread

Hey neutro, I would say, stick to the plan no matter what. If you are trading the weekly, I wouldn't care about what's going on with the daily. I found that many of the winners I have back tested wouldn't be winners if I would dive down to lower TF, ...

james16 Chart Thread

Hey oromek, If at all, I would recommend using this type of setup when the market is trending sharply. Jmaes16 gave some examples of this type of pattern as a way of catching moves in a trending market, but not CT or sideways. Ben

james16 Chart Thread

Of curse. I do not say trade these, and I didn't take it myself. But I do think it is important to understand that if you have the skill of reading the market to the pip like a little girl's book knowing where is the next stop after the trigger -you ...

james16 Chart Thread

It took 10 minutes to hit 1st trouble area to the pip once it broke. Easy stuff eh guys? B or C, take it or not, it still works almost all the time. Just the James16's principal stuff, nothing fancy. Ben

james16 Chart Thread

I figured out that my best trades are a result of a non expected opportunity and quick decision. There were days when I was watching my charts all day long, or just waiting for a bias of mine to occur. I felt like the market owed me something cause ...

james16 Chart Thread