That's CHF/SGD in full steam right there. That would have been my final TP. Congrats to anyone who caught this one all the way. image g.

james16 Chart Thread

Hey N, A long there is seriously against the daily story here with that daily close being under all the confluence factors. That said, I do love how price repeatedly got rejected at the LLS on the 4H. At the same time, could it be that the resulting ...

james16 Chart Thread

Hey P, Glad to have you on board We were actually talking about the USD/CAD earlier that it was a pin bar headed into a lot of traffic and also back into that resistance trend line it broke out of as well as the big round number. Too much to ...

james16 Chart Thread

Hey N, It certainly has more of a story to it than last time but still not good enough for me as 1) we didn't penetrate the LLS by much and 2) we haven't yet seen a retest of the LLS. Like I said though, more story to it this time. Best of luck with ...

james16 Chart Thread

Agree with Raitchev there, Seeing you taking that small pin has made me cringe. Yikes! g.

james16 Chart Thread

Hey Jib, There is a variation of trading PA where you try and get at the source of the action by taking a "blind" or a "touch" trade. Its called so because you're anticipating a bounce there without seeing any PA bar to add to the story. Its ...

james16 Chart Thread

Of course my views will appear biased based on what I personally do and prefer but it just makes more sense to use the knowledge of price action to manage your trades more effectively than using R:R. I agree using fixed targets and that too based ...

james16 Chart Thread

A set in stone take profit target is always going to hurt. Yes over 640 trades you might eventually see it return a positive gain but think about all the horribly mismanaged trades in between where you knew exactly what price was expected to do and ...

james16 Chart Thread

Confluence is a big part of the game. But still..."A PART" of the game. g.

james16 Chart Thread

And while we're still about 45 minutes to the daily close our time (calender day) A very happy birthday buddy! g.

james16 Chart Thread

Hey Z, You got some great answers from Albus and Raitchev, Don't really have anything else to add. A small pin bar at a minor swing high, headed into traffic - not exactly a setup with all the factors lined up. As Albus put it, a hard break could ...

james16 Chart Thread

Ahh...Beauty that! g.

james16 Chart Thread

All great entries. I can see most of these have hit their major trouble areas and bounced off of them. Its ok to be expecting more from a trade but giving up on as much as 3R of profit for a BE looks like a poor exchange. They eventually took off ...

james16 Chart Thread

I was recalling from earlier on in the thread where we were always told that unless a bear breaks it is not valid. But I agree it of course doesn't mean a thing if you know (and have tested) the scenarios where waiting for a break is not as ...

james16 Chart Thread

Hey D, That would obviously vary based on the pair/instrument (different average trading ranges) and the time frame. For the higher time frames a 10-20 pip buffer is acceptable. Slightly less for the lower time frames. Its more a visual thing than a ...

james16 Chart Thread

Hey Andy, Yes that has always been a necessary condition for trading PA the traditional james16 way. Does it mean you cant improvise? No of course not. You could experiment with all kinds of entry points and see what works for you. In the time when ...

james16 Chart Thread

I see you doberman g

james16 Chart Thread

Yup its the same story on both pairs. g.

james16 Chart Thread

It was really interesting to watch the FOMC thrust to the downside and I was actually hoping for a decent close below the RN and PPZ. The weaker close on the bar itself made me pass. Had we broken hard to the downside today, the low of the BEOB and ...

james16 Chart Thread

Yup it does take some time for the mind to look beyond emotions and identify the true merit behind a setup every time. About half a decade of being at it I can sometimes end up missing out important information to a setup myself. It's more likely to ...

james16 Chart Thread