Thanks Jdl Congrats to you too!!! Yes I'm in a free trade now. Well now is the most difficult part - holding to a winner!!! Will stay in it until I'll see a reason to exit.

james16 Chart Thread

I heard about this too. This is terrible. I am really sorry...

james16 Chart Thread

Thanks Ghous! This is rather exceptional example The reason I am so unsure about this is that to be honest I don't really like the IPB setups lol. Psychologically it just really seems much weaker setup than classic PB to me. Of course I'm a ...

james16 Chart Thread

Jarroo, may I please ask. Would you also use the same free trade approach on the IPB setup? I think about this now. Maybe with IPB the best would be to exit full position at FTA (which is the other side of PB's wick)? Not yet understand the IPB's ...

james16 Chart Thread

Yes, Jarroo, this is exactly why I like the idea of free trade: When there is a wick not long enough, or some traffic or something else (most of the time there is something that is not line up perfectly) - so I should either skip the trade (which is ...

james16 Chart Thread

Jarroo, thank you for your reply! I am still in the process of gathering my Trading Plan together. And this Free Trade approach looks very interesting to me for now. Yes, I understand that it should not be done absolutely mechanically, sometimes ...

james16 Chart Thread

Hello, True. I try to stay just with one time frame at a time. And also, I am not sure if having initial stop closer is actually better. Many times as I see price would retrace a lot withing a PB. I was thinking maybe to do this way: - Allow a ...

james16 Chart Thread

I would move to BE @ 136.40 and I will try to hold the remaining part up to 139.32. I may also exit the remaining part before that IF I see some opposing signal (like PB against me) on the same daily chart frame

james16 Chart Thread

Hello, Mihazupan. I see your targets are pretty far. Would you mind sharing how would you manage this trade? Would you move to BE at your Target 1 or sooner? Thanks.

james16 Chart Thread

Hello, Fxp. Yes I agree with you. You know I've been thinking a lot about the best way to manage a trade, for now I've decided to work this way: - I take 1/2 off at about 30 pips, then I move my stop on the remaining half to NET Breakeven, not where ...

james16 Chart Thread

Hello, Jdl. Yes I would set my buy order 5 pips above the PB. The stop loss would be 5 pips below the PB. It is a wide stop, but all I need is a chance for me to move my stop to BE, after 20-30 pips, so even before the FTA which I have as yellow ...

james16 Chart Thread

I think this could be pretty decent setup. Confluence: - PB - Fibo 50% - BRN - 50EMA - Previous breakout then ret to S/R - Some room to FTA What do you think?

james16 Chart Thread

I've been just surfing the web and found this fantastic post about J16 method. I had such a good laugh over it So will share the post for you to enjoy (I don't know if it is ok to post a link to the other forum) so here goes the post: Re: ...

james16 Chart Thread

Six Gun, yes I agree with everything you say. That is what Jim taught in some of his videos I saw in guest section. This is a fantastic approach I will follow this way on every trade!! But look, what would you do in a trade like in this chart. I ...

james16 Chart Thread

I was also thinking a lot about the R:R. I do not think with this method it is a problem at all. R:R should be GOOD. I'll try to explain it as I see it. I think most traders here would make a partial exit at FTA (or even 20-30 pips partial exit ...

james16 Chart Thread

I know... I have to get up 2:30 am each morning ( 30 min before daily closes)... what else can we do?

james16 Chart Thread

Cool thanks Dan, I think I begin to understand.

james16 Chart Thread

Oh cool, I see. But the range of this inside bar is smaller than, well smaller than 20-30 bars on my charts I think. That is of no importance maybe, I4B is to know that it is in fact smaller than AT LEAST THREE previous bars?

james16 Chart Thread

Thanks Mike, gonna read it right now.

james16 Chart Thread

ok cool I will wait thanks

james16 Chart Thread