I agree and with Mt4 they kinda move around when you switch time frames. PPZ's especially and round numbers are much easier to see and everyone can see them. As you and Mike say only the obvious trendlines just so you can be aware of them, not ...

james16 Chart Thread

I don't want to continue the argument (Pring actually says 2 touches or more) but clearly price reacted to that area so I guess price has decided who is right , just kidding, I admit the trendline was kinda half assed, but the are in general is ...

james16 Chart Thread

You should read his books you will learn loads along with this great thread. I think Jim even mentions him as an influence. Try reading this thread from the beginning also, check out isotonics charts, youll see why drawing trendlines as confluence ...

james16 Chart Thread

Not defensive just trying to help people, trendlines are drawn on 2 or more touches, like you have drawn in your chart. The trendline I drew is hit 4-5 times by daily bars, maybe not fractals. I wouldn't trade based on just that I also mentioned the ...

james16 Chart Thread

Ok ill go with Martin Pring.

james16 Chart Thread

I agree PPZ are the main things I mark, however its always good to be aware of weekly/daily TL's and fibs.

james16 Chart Thread

A trend line is simply connecting highs or lows, on a daily chart its obvious. Read the thread again, one of Jims first advice is to watch for trendlines when trading, also the bars are at a round number, as I have stated, I feel you are nitpicking, ...

james16 Chart Thread

Then why have you all the lines on your chart?

james16 Chart Thread

Keep it simple you have so many lines on your chart I can barely see , don't have too many indicators, I pointed out the round number. There is a 50 fib in confluence also. If you dont think price is in an area where it is going to react then you ...

james16 Chart Thread

GBP/JPY daily inside bar — Inside bar or TBH on the GBP/JPY daily at trend line resistance and round number. Perhaps a breakout up or down or a few more inside bars along the trendline before it shows its hand?

james16 Chart Thread

I think he was pointing out that it takes a Doctor years to learn something that enables them to make money, so why should you expect trading to be any different, although I agree there is less to learn with trading. The bottom line is you cant ...

james16 Chart Thread

I would rather it was the year 2309 and we could download the James16 thread straight to our consciousness through our brain to computer interface port. By then it wll be over 1 billion pages. So read it now before it grows any bigger.

james16 Chart Thread

I would also add, be thankful that we have 2500 pages to study, its a blessing that so many years of knowledgeable traders answering questions showing trades/charts and developing in front of our eyes is captured and free for the fledgling trader to ...

james16 Chart Thread

I meant to add, if you feel reading through the thread will take to long or is too much hard work, then I would say you aren't serious enough. I'm not even thinking about making money until probably next year, and then I will be happy to make ...

james16 Chart Thread

I am reading through the thread (page 58) and can say its well worth it. Many of my questions have been answered already. You don't have to read through the whole thread before you can trade demo, do it in conjunction while keeping up to date with ...

james16 Chart Thread

Being from the UK, when I wake up and check this thread there is around 5 pages of posts to catch up on, great stuff posted here. Working through the thread from the other side, some posters just started to post (2005) Raczekfx and Isotonic, who's ...

james16 Chart Thread

I think the main thing with a bigger account is a 3% return a month will be more than enough to live on and you can be patient and take only the A+ set-ups on daily/weekly. Where as if you want to build your account quicker you might want to trade ...

james16 Chart Thread

If I got say 300 pips from a trade with those pips, one would allow me to buy a nice meal, the other would allow me to buy a car. I see you point though, its all about the percentage of your account you can lose, still I think it would take time to ...

james16 Chart Thread

I have never traded a large account so I am speculating, but I don't think psychologically you would feel the same about having $100 per pip vs $0.50 per pip on the table.

james16 Chart Thread

I think the trade management you use has to suit your situation and personality. If you like to have high win ratio but don't mind lots of break even trades then moving your stop to be quickly then trailing it behind sensible s/r areas is a good ...

james16 Chart Thread