No problem. Yeah, a good break out is due. Please continue to share what you know about Donchian channels. There isn't a lot of information available on the net and I'd like to learn all I can. This guy was something else, eh?

Donchian Channel and other breakout methods

All the patterns work because the bars represent the participating traders psychology.

james16 Chart Thread

Well, the pin bar is similar to a shooting star or a hammer.

james16 Chart Thread

EUR/USD — The Eur/Usd is getting wound up pretty tight.

Donchian Channel and other breakout methods

Nice post. My observation is that price has been in an uptrend and you have had 2 huge sell offs, but buyers found interest at the $27 level. A break of the bullish bar maybe a scalping opportunity to test the 200 MA or even the 50 (also a chance to ...

Silent Service Method

I don't trade gold or silver "real money" but I do trade fiat U.S. Dollars and I trade on demo as well.

james16 Chart Thread

Everyone has losing trades, even the Market Wizards. It is part of how the game is played, there is no way around it.

Jacko's Forex House of Pleasure and Pain

Stop loss is 100 pips. One standard lot is $10/pip. which means if the trade goes against you, you are out 1k and will only have 1.5k left. guess what? 2 bad trades and you are out of the game.

Jacko's Forex House of Pleasure and Pain

It helps the carry trades because the Yen is weaker? Which give more buying power to the base currency to buy Japanese goods? Ah, treasuries to stocks. Got it.

No Brainer Trades

What exactly is 'risk appetite' ? Thank you.

No Brainer Trades

I like this classic post on 38 steps. It helps me keep perspective on where I'm at in the stages. I have found it to be fairly accurate. Your mileage may vary. I've been trading less than a year and I feel I'm between stages 14-16. url The market ...

Giving Up

And if you figure you spent 8 hours a day 5 days a week it would take almost 5 years to reach 10,000 hours. I think what he was saying is 10,000 hours to become a 'PRO' at what your doing, naturally you can be 'good' with less.

james16 Chart Thread

Wow, lots of IB's to choose from the dailies.

james16 Chart Thread

Hmmmm.... Interesting....

james16 Chart Thread

Did you notice the date of when the thread started by chance?

james16 Chart Thread

NZD/JPY — NZD/JPY Trade. In on break of 4hr pin bar.

james16 Chart Thread

Closed out GBP/JPY. Still hanging on to my NZD/JPY.

james16 Chart Thread

BoE — BoE meeting today. Can we tell through price action which way the GBP will move after the rate announcement? You think insiders have already placed their bets? How cool would it be to be able to read the "foot prints in the sand"... ...

james16 Chart Thread

Took GBP/JPY in demo (since I'm in NZD/JPY Live), I'm still in with a 151.00 target. 50% & 78.6 fibs overlap on a round number and previous support area. Nice trade, bro.

james16 Chart Thread

Everyone has there own style. Typically, you wait for the pin break or pin break +10. The Asian session is just my thing since AUD and NZD I believe trade during the Sydney session by the locals.

james16 Chart Thread