Day 7 — Had just the one trade today, could have been so much better but I bottled it and took a slight loss Short EUR/JPY Entry: 104.37 SL: 11 pips Exit: 104.403 Result: -3.3 pips image Shame I didn't trust myself as it had a ...

Taking it back to basics

Day 6 — Nice little start to the week... Short EUR/USD Entry: 1.3395 SL: 12 pips Exit: 1.3375 Result: +20 pips Long AUD/USD Entry: 0.9920 SL: 11 pips Exit: 0.9909 Result: -11 pips image image Total: +9 pips

Taking it back to basics

~Day 5 — Just the one trade today, was a pretty good one so thought I might as well end the week on a high Long GBP/JPY Entry: 119.44 SL: 15 pips Exit: 119.58 Result: +14 pips image Could have left it for muuuuuch longer to make more pips ...

Taking it back to basics

Day 4 — Another slight loss today, one trade went really well, one I got stopped out just before things turned my way and one was just bad Long GBP/USD Entry: 1.5501 SL: 11 pips Exit: 1.5490 Result: -11 pips image Long EUR/GBP Entry: ...

Taking it back to basics

Day 3 — Slight loss today, started off pretty badly on the USD/CHF, got stopped out straight away but made a bit back later on on the NZD/JPY Short USD/CHF Entry: 0.9162 SL: 13 pips Exit: 0.9175 Result: -13 pips (-1 RR) image Long NZD/JPY ...

Taking it back to basics

Day 2 — Thank you for the comments, that's what I sometimes think, the markets are so complex and 'deep', it can seem almost impossible to decipher what might happen but hopefully just having a slight edge will win through over the long term. ...

Taking it back to basics

First day on it — Don't take it personally but this is why I started this, I don't give 2 hoots what should/shouldn't be done, I saw on someone's sig on here the saying "95% of traders fail because they come onto forums and get taught how to ...

Taking it back to basics

Many people still using this technique? I took a short trade on the GU, did pretty much what I expected but I bloody forgot to change the lot size so instead of being able to take half off at +30, I just took it all off and accepted that mistake ...

No Brainer Trades

I know it's a while since this was posted but this is what I always say, look what happens to the sheep.. They get led to the slaughterhouse!

People say systems don't work (only pure price action does)

First off, thank you for your reply I know what you mean with the possible problem at 1.3700, I did have the entry order just under that so it would only get triggered if it broke past that RN. And just looking at it now, it hit 1.36994 before ...

james16 Chart Thread

EUR/AUD possibility? — I've been trying to work things out for myself for the last 3 months of trading the J16 way, had *some* success but would like a 2nd opinion after a few bad trades. I've tried to illustrate the confluence (1.3750 RN, ...

james16 Chart Thread

87% of statistics on the internet are made up on the spot I just think that you can't generalise things with just one saying, for instance, the trend is sometimes your friend, other times its your worst enemy!

Ridiculous Trading Myths

I haven't been affected by this particular gap but I did once have my stop of around -20 pips get to -60 pips due to slippage (Effectively 3 losing trades in a row!) so I spoke to the people at FXCM and they were kind enough to reimburse me the ...

Anyone Else Affected By EUR/AUD Gap?

I've always considered the RR thing to be more use in statistics, rather than planning a system/strategy around it. The lower the Risk:Reward (1:0.5) then the better the chance, theoretically, of hitting your take profit level but then it only takes ...

Risk Reward: 1:1, 1:2 or 1:3

This is quite often distinguishes the difference between a profitable trader and someone who loses lots of the time. There's a reason to go both ways but the profitable trader will probably have more and/or better reasons for going the way they do ...

Trend Following? Support and resistance Trading?

I thought about this one too but in my eyes, its heading straight into lots of previous bar lows, you could almost use your 'buy' line as a line to show where the candles have bounced off of before I could (and probably) will be totally wrong though ...

james16 Chart Thread

As has been said, everyone trades differently so I'll add a bit from both sides to help make your own decisions. You could say that you shouldn't be greedy and having a set TP at 1:1 gives you a simple exit strategy On the other hand, you could say ...

Always Trading With a 1/1 RR Ratio

I know this is an old thread but just to back up what has been said about using an exercise ball as a chair, when I was seeing a personal trainer she swore by the idea and whenever I saw her at her desk she was using it so well worth a try if ...

Lower back pain and your forex chair...

Everyone has different views on where to put their stop-loss, I feel that it should be at a point where the reasons that you took the trade in the first place, have all been broken. Or you could think of it as where you could actually take the ...

Generally used SL