Hey there 211, Ok here is what I do. I base 90% of all trades on the daily. When performing my initial analysis I look at the daily for any kind of setup that may be happening. If I see what I think looks like a good opportunity to take a trade I ...

james16 Chart Thread

Trade Update — Hey guys sorry for the delay in responding. Ok so the GBP/CHF trade closed with a profit. I only pulled +24 on this trade becasue of my close trailing stop. I had set it for 20 PIP's because I would not be around to monitor the ...

james16 Chart Thread

GBP/CHF Long — Good Moring Everyone, I just thought I would post my most recent trade. I am currently long on the GBP/CHF from 2.4333 (yellow arrow) Reasins for my long position: 3 Days ago this pair made a return to the current trend support ...

james16 Chart Thread

You got it! That's exactly the types of plays that I lok for with thee kinds of formations. Now that is not to say that you can't find the opposite kind of setup but like James says hunt with a rifle not a shotgun. Happy Trading my Friend. Steve

james16 Chart Thread

Hi TwoEleven. Hopefully this example will show you how you can use a BEOB (Bearish Outside Bar) as a PA confirmation. Altough it is said many times you can trade price action alone I firmly believe that PA alone is one bullet in the chamber if you ...

james16 Chart Thread

Raz, Thanks for the quick response. I have added this to some practice charts so I can get a feel for it. Looks pretty responsive. Hope you have a great weekend as well. Now I am off to get my 18 holes in and work on my tan Steve

james16 Chart Thread

Hi Raz, I am looking at the same charts I have on MT4 through Interbank and I do not show the divergence that you are showing on MACD would you mind sharing what settings you are using? Thanks, Steve

james16 Chart Thread

Why yes they are BB's on my chart thanks for noticing I like using BB's to show me areas where prices may make a turn as well as volatility. If you take a look at BB on a daily of the Aussie they are widening indicating prices will continue in ...

james16 Chart Thread

Hi there TwoEleven, I am also still learning PA and it's nuances so bear with me. Ok here is my take on the Aussie. I won't rehash what you have already gone over here. But I do agree that if it closes round about where it is now it would be a valid ...

james16 Chart Thread

Just an Update — Hi folks, First off I would like to thank all who have contributed to this thread to make it as informative as it is. I am now a new member of the James16 PF and I have to say to anyone who is sitting on the fence about ...

james16 Chart Thread

Thank you!!! — This goes out the those of you who have responded to my question. I have to say that I am extremely happy with the fact that those who are members of the PF can respond with such enthusiasm regarding ongoing support you continue ...

james16 Chart Thread

Is The James16Group Still as Responsive? — Hi All, I am a huge lurker in this forum and have read through many other threads and only recently just finished reading through this one. First off I have to say how aggravated I am that I only came ...

james16 Chart Thread

OK I have to ask the question here. I noticed that one of MikeJody's responses was an exact quote from a website which sells a "Binary Equation Startegy". Now I am not saying this is a bad thing and maybe Mike developed his method from this ...

Heiken-Ashi System