Hey Mike, Like triger already have said, that's a neutral bar, reflecting indecision. To be honest best I see among all yen pairs is AUDJPY which also isn't exactly what I would like to trade. Small bar at a so so location...I would give it a B at ...

james16 Chart Thread

By the way just in case it wasn't clear. I didn't take all of these trades. I stick to the "A category" of my own book. But watching how even the so so setups rarely fail is always cool cause you know what's gonna happen when you stick to the best ...

james16 Chart Thread

Yes I do use reduced stops sometimes, only when there is a really good reason. It depends on the situation. But it would be based on hiding my stop behind some confluence, BRN etc. Most of the time on really big bars where I can "protect" my stop ...

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The rest — charts

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Trading J16 principals - one week of daily PA bars — Here is what we got this week. You can rate these from A+ to C- , CT, no CT - trade all of them, none of them, some of them, I don't care. 7 James16 principal daily setups this week. All of ...

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Yes I do use them, sometimes. Depending on the case. Each setup is different.

james16 Chart Thread

Well almost always I won't touch my trade till it hit the 1st trouble area. If I'm around I may move my stop to BE and trail the rest. But because my daily bars close at 12 midnight, I can either take full profit at 1st trouble area, do nothing till ...

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Well this is probably one of the hardest, and most destructive things in trading world. Much more than knowing PA, PPZ, pin bars etc..at least for me. This week, especially yesterday was one of my best days in history, trading related. Wasn't at ...

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I love these talking heads, they are something.....they remind me Israeli Taxi drivers - always know everything about anything

james16 Chart Thread

I agree. For me it's simply lack of confluence. If that bar was a bit bigger and bouncing off the 0.7000 BRN I would like it much more. Ben

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This is tricky. random = lack of predictability. outcomes follow no describable deterministic pattern. People move the market. People have behavior patterns which repeat themselves. Therefore the outcome is a market which repeats itself by creating ...

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Hey trig, randomness has nothing to do with reasoning. Yes, there is some way of "reading the market", and there are patterns that repeat themselves MOST OF THE TIME. But this happens only MOST of the time. Not EVERY pin bar would trigger the same ...

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and I''l add: url url

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Hey nuclear62, Half a year ago? Not sure what that was lol I am still in several selection processes. In the meantime nothing changed (I have time...).

james16 Chart Thread

Hey mikey, As I said, I'm not so sure what really happens and how orderflow works. But also I said I do not care. The thing of technical analysis is taking advantage of the outcome of what happens. To make money, you do not need to know WHO or WHAT ...

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Hey Mikey, This is a great example of what I have pointed out a few posts ago. Bold in my quote above. Look at the chart below. You can see price never rested till it hit the big round number. That's what I meant when I said "price has a tendency ...

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Wow.... thanks for sharing Jason. Good luck my friend. Ben

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Hey simjas, First of all, it's important you understand why this isn't an A+ trade, and I think you already got a bunch of great replies on it. Just for the record, I did not take this bar live, but I like demoing any less than A+ setups just for ...

james16 Chart Thread

Hey simjas, Mike gave you a good response above. BTW I must way your chart doesn't look like mine. On FxPro price never reached 1.0335, so I'm not sure.

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