stop was initially @ 0.8500

james16 Chart Thread

My trendline is more of an indication of the wave cycles as we go downward. I hardly use trendlines, I'm far more concerned about horizontal S&R, and the 1.55 VBRN is great. Sure there are times you will see a to-the-pip break and retest of a ...

james16 Chart Thread

a trendline that price only touches 2 times, is not valid. 3 touches minimum. Think about it, you can draw a trendline ANYWHERE that has only 2 touches, that does not make it valid. EDIT: I'll also add, that a HORIZONTAL line with only 2 touches ...

james16 Chart Thread

You're looking at the small timeframe first... you should see the long time frame first, small time frame second.

james16 Chart Thread

what? that confluence is resistance....??? I'm lost.

james16 Chart Thread

Here's confluence.

james16 Chart Thread

any more confluence besides 50%? no VBRN, price is heading right to 1.35 if you short it.

james16 Chart Thread

ah.... highs in the lower 50's make me feel like I have pneumonia these days. note: I actually spelled pneumonia correctly on the first try without using google.....

james16 Chart Thread

is james ok? last activity january 18th...

james16 Chart Thread

maybe. I have been sitting on my hands. Not a lot happening anywhere.

james16 Chart Thread

a lot I guess...

james16 Chart Thread

throw me on that waiting list for my next try.

james16 Chart Thread

I'm currently in this G/U trade as I said I might do depending on where priced opened. It opened with nearly no gap, so I went long and stuck my initial stop under the swing low (yellow line) stop is now at B/E after trailing it 70 points until @ ...

james16 Chart Thread

GBP/USD I think will continue north this week. Price split through the 1.60, and I figured would find support on the old resistance around 1.6050. I would have taken that 4 hr bullish pin we saw on Friday, but it was Friday and I didn't want to ...

james16 Chart Thread

Pretty neat: url

james16 Chart Thread

this looks incredible to me. Too bad it's Friday........

james16 Chart Thread

I typically don't bother anymore if I don't see a very strong R:R on a retrace play. 2R or better is ideal in my world. I like to get my stops to B/E within a few hours as well, (I also like to see my entries "take off" during london open) which is ...

james16 Chart Thread

I only had a 25 pip stop originally (I touch-trade bought on the retrace to those two previous highs) well there was a bit more to it, I had a BUOB on the daily TF which is what broke those other two highs.... I just bought the retrace on the old ...

james16 Chart Thread

Here is an example that I actually traded when it happened (bought at 109.00). I had nearly zero drawdown (almost just the spread), and closed out the second half of the trade @ 109.90. 3R return on this one. It doesn't always work out this ...

james16 Chart Thread

You can, but the boxes might help point you to multi-week-highs/lows, or multi-day-highs/lows that hold more significance when "flipping"

james16 Chart Thread