i just trailed my stop under each hourly bar. i always take 10 pip profit or set my stop there if it runs thru. i then trail stops under each bar. i am still in the trade with my stop still on the rise. jim

EURUSD

not a bad way to start the week. a quick grand banked. i hardly ever trade sundays. i know of no better rush than to hit a trade with no drawdown and a move that goes this far this quick. it was that kind of trade many years ago that got me hooked. ...

EURUSD

the first just touched on my chart. i look for a strong move thru or a close above if going long. price does not stick around the 365 very much or for very long.

EURUSD

best money i have made on a sunday in a long time. traded the eur/jpy on a break of the 365 ma on the 60 min chart. jim

EURUSD

very nice. remember sometimes when the long bar is really long if you enter on the close you have a huge stop due to the length of the bar. when they are really long and i am confident in the signal i will enter on a fib ret of that one bar to lower ...

Aussie Pairs

yes, just like in all the chart examples. and preferably against support or resistance of any kind or at swing highs and lows. jim

EURUSD

remember the pin bar must have its open and close inside the range of the first bar. jim

EURUSD

i am so glad you did not take that trade long. it was suicide long unless it broke out. i was hoping you saw that. you did, great job. the short trade after the break of the two bars low on the dblhc was the trade to look for and it was a good one. ...

james16 Chart Thread

chart — chart

james16 Chart Thread

the same trendline on the daily and its even nicer. can it break it?

james16 Chart Thread

nice observation. i think you could play it on a breakout. you could wait for a ret of the second dblhc bar and the go long to lower your risk. or you could play a break down of the two lows on the two bars that make up the dblhc. ( a technique i ...

james16 Chart Thread

price action analysis starts from long term and works its way down. so all time frames are applicable. for beginners there will be a complete area for fib, pivot, ma instruction among others and how to combine these for confluence to find optimal ...

Query: Moving Stops to Breakeven

good question, resistance becomes support after price has broken through and then comes back. i usually like to see price make a run at least 1/3 of the way to the next pivot before considering calling the ex resistance, support. once price returns ...

EURUSD

chart — chart

EURUSD

not the biggest move in the world but 15 or so and its still hanging around for another play

EURUSD

price action analysis, which everyone who wants to will learn soon. i started demoing accounts with nothing but price on a chart years ago. it honed my skills and to keep my edge i never stopped. two years ago i demoed a mini oil account on a daily ...

EURUSD

thanks pip, everyone here who has known me for a while knows i am cautious about everything i say or do concerning trading. one reason is i know how hard it is to make it long term in this business. i can say this for certain. this will be a newbies ...

Query: Moving Stops to Breakeven

eur — eur/usd has just hit the weekly r1, with the daily r1 right there with a 50 fib ret. all three within 15 pips. its gonna go one way or the other for a nice move. i wonder if price will give it away. we will see. jim

EURUSD

your welcome and congrats on your 100th post.

james16 Chart Thread

exactly

Do all brokers have the same rates?