Thanks Jim for your insight

james16 Chart Thread

Which is the best setup? — Mike, What's your take on these 3 setups? I'm not asking for trade recommendation, just want to learn how the pros read the chart to seive out the better (or best) setup. Many times I encounter similar setups across ...

james16 Chart Thread

Jarroo, Thanks for info. But I'm still not 100% clear abt the AUDUSD bar whether its considered BEOB becos technically it is (its engulfing), but the last point on Mike's post that it has to close near the bottom of the bar....hmm it kinda doesn't ...

james16 Chart Thread

Which has the best setup? — Hi, been out of action for a few days as I was sick. Lots to catch up here. Any seniors out there give advice as to which of these 3 daily setups are the best? All 3 are BEOB (I'm not sure if AUDUSD qualifies as one ...

james16 Chart Thread

Mike u probably missed out the above as the this thread is moving very fast! Appreciate your input. Thks.

james16 Chart Thread

Hi Mike, On this topic of IB, I wld like to ask do we wait for break by abt 10-15pips as well on daily IB before entry? Since its a IB, wld this leeway be abit too much? Based on what u said above, if we were to take a bias on IB, it wld be based on ...

james16 Chart Thread

Mike, yes I understand the max % risk per trade rule and position sizing. But for a small account of say $5k (using this for demo),2% is risking max $100. And for us to manage the trade properly to allow partial profit etc, we need to have at least ...

james16 Chart Thread

EURJPY wkly PB — Is this wkly PB gd entry? Now is definitely too late to enter, just want to learn if it wld have made a gd setup. I was not able to see more historical bars to the left as the most I can view is up to Dec '04 in Oanda MT4, so ...

james16 Chart Thread

GPBUSD wkly PB chart — Thanks Mike for the speedy reply! This community here makes me feel warm I'm on Oanda MT4. Did a screencap, Here it is... This is not a grade A setup as you mentioned. You pointed out the swing pt low which I missed ...

james16 Chart Thread

GPB/USD weekly PB — Hi J16 folks! I"ve been a silent reader for awhile and meanwhile trying to catch up on reading the grand master's posts from page 1. I think I will need a few more wks to cover them all. While I'm not a trading newbie, I've ...

james16 Chart Thread

Hi Ken, Thanks for starting this thread. Hope u will continue to update this thread and I look forward to learning from u.

B.S. Trading with Kenneth Lee

Zora, NZDUSD setup looks similar to AUDUSD. Also wkly pinbar at round no. 0.8. Did u get a chance to enter AUDUSD? When I look back at AUDUSD chart, if there is any entry on M5, its probably a breakout type of entry but would be stopped out if I'm ...

Trading Major Lines

Currencies crossing Major lines — AUDUSD looks to be closing above 1.1 USDCHF looks to be closing below 0.8 Any trading thoughts on them?

Trading Major Lines

Correlated currencies — Hi Nomask, Haven't heard from u for long time, hope u r still around here this thread. I've spent the last wk or so reading the entire thread and wld really want to thank u from the bottom of my heart for your sharing. ...

Trading Major Lines

templates to share — Hi folks, Sorry, a bit off topic here, but can anyone share the template for drawing major (and median) lines in MT4? Am also looking for template drawing fibs with the accompanying price level. Thanks alot! Its kind of ...

Trading Major Lines

Asking & Learning — Thanks Nomask for your earlier reply. I'm currently reading the old pages in this thread to learn and I have a question abt this trade u posted (Post #384 at page 26) Hope u don't mind me digging old stuff to clarify... ...

Trading Major Lines

Thanks Nomask. Yes, its the price fluctuations that worries me too. Can you give a rough guide as to how close an important news is out b4 you avoid taking the trade? 1/2hr -1 hr? Even if you have small stops, but when impt news are out, prices ...

Trading Major Lines

Are News important to consider? — Nomask, Thanks for sharing this strategy in such clear detailed manner. I'm new to this method though I'm also a firm believer in KISS for trading. Not sure if this question has been asked b4. If there are ...

Trading Major Lines