Right again. Generally i drop one timeframe, but it's not impossible for me to drop two. That buob was a great size and made complete sense. The more trouble you'll get in is with bar size, or with bad patterns. That TL was VERY exact Best Mike

james16 Chart Thread

Yep I trade the large majority of my bars on a break. It just keeps me consistent and fits my style Thanks dan Mike

james16 Chart Thread

did you take it Dan ?

james16 Chart Thread

Hey Q Welcome to the the thread hope it helps you Dan gave you a good answer. I'd like to see price spend more time away from this area to consider it a double top. For example the daily pin is a better situation to call a classic j16 double top + ...

james16 Chart Thread

Hey Dan Yep each of those areas are trouble areas but that doesn't mean we have to fear trading into them, rather use them to help us manage our trades. In the case of usd/jpy I would watch reaction around the initial touches around 99 and the major ...

james16 Chart Thread

Hey Bullet Welcome to the thread Generally really one timeframe isn't more reliable over the other from my experience. THe better part about the higher timeframe is usually the ability to take in the information and not have to make rash ...

james16 Chart Thread

Fantastic bud I am doing the exact same thing. Greatly reduces our risk but maintains the trade Eur/try had more confluence but usd/try more space. Guess right now I picked the wrong one, lets see what happens Best Mike

james16 Chart Thread

Hey Bee There isn't a set guideline for a general reason why people are buying and selling The better way to view it is why are people buying or selling in a particular instance . I refer to this as the story. This is built into the concepts such as ...

james16 Chart Thread

Hey T Yep absolutely. The great part about PA trading is it is universal. The lower the timeframe you go the quicker you must make decisions and some things like spreads/slippage become a larger factor in costs Best Mike

james16 Chart Thread

if you want me to nit pick I prefer the descending TL due to accuracy, would have my rising TL drawn a bit different too Mike

james16 Chart Thread

looks good dan It's on my radar as well too Best Mike

james16 Chart Thread

Hey Mak Well not just because it is a friday pinbar. That bar would be small and weak/lack confluence no matter what day of the weak. But being that it is friday we can have a better idea that the "bounce" that creates the pin could be from profit ...

james16 Chart Thread

Because yes I even like to help those that come in here rudely If you read some of the material here(yes it's not all contained on post 1 it can't possibly be ) You wouldn't short into the major PPZ and BRN. Notice how this area holds now as support ...

james16 Chart Thread

Hey Mak I would avoid this based on the same as this chart If it breaks that's your FTA but that is very very close. Best Mike

james16 Chart Thread

As always guys, we will have these people come through this thread. It's very large and it happens every 6 months or so. Nothing new But I will remind all those that come here that this is a trading only thread. If you feel like participating in a ...

james16 Chart Thread

Hey Sodiska Here was the chart I sent to the group on cad/chf. Eurcad is in the same boat for me Best Mike

james16 Chart Thread

another good simple chart to watch with clear j16 concepts and real information Price showing divergence as it moves into the big round number. This is a "squeeze Pattern" Ideal now is you want price to stay contained and move into the bottom rising ...

james16 Chart Thread

like most of my trades i post live in the PF Here is one i'll post here even though I shy away from that because of it being a public thread and we get a lot of new traders like above We are at the crucial area the top of the box. Here is the chart ...

james16 Chart Thread

nice area to watch BRN, TL, Boxing I'd prefer to see price move sideways a bit more before anything happening

james16 Chart Thread

Hey Giggles Be careful trading such a gappy market Also remember we want BUOBs down at swing low points Let me know if that makes sense Mike

james16 Chart Thread