I think I covered it, I played a retrace on the daily BUOVB around 1.0314 and then just trailed stops under the daily bars after the larger BUOVB and break of the weekly pin. I was stopped out around 1.0746, but have no problems at all with how this ...

james16 Chart Thread

Usd/Cad — Sorry for the abundance of posts..........moving stop loss to 1.0748 area. Should be some pushback at 1.08. Nathan

james16 Chart Thread

Great Trade! If this closes like this on the daily I will be putting a retracement long order on this. I wouldn't play the break on this one, as the first problem area on the daily is too close (1.65). Granted, with position sizing you could still ...

james16 Chart Thread

Gbp/Usd — Missed my retracement entry by around 10-12 pips on this, that would have been very nice. I don't trade the one hour, but if I did and this hourly pin holds true (closes as it appears) I would be shorting this pair on a break south. ...

james16 Chart Thread

E/j — Moving my stop to 134.15 area. Bring me the pips, I have room.

james16 Chart Thread

Mine is set to the same, New York (EST); however, I don't actually use their charts for trade decisions. I use MT4 charts for that and just enter the actual trades on Oanda. Nathan

james16 Chart Thread

You are too funny! I traded it off of the daily on the BUOVB retracement. Honestly, the area/major pivot really at 1.03 brought me to this trade. I had been waiting for it to get to the 1.03 area for some time. I gave it room and time initially, but ...

james16 Chart Thread

Ghous: Believe me I hear you and it won't ever. I have had some runners lately which is has produced a nice bump to my account, BUT I have been on the receiving end of a flurry of Mike Tyson packed punches from the market many a time in the ...

james16 Chart Thread

U/C — This trade just doesn't want to quit...........443 pips to the positive, 343 or so locked in. I will shut up now before I jinx my trade.......ha ha.

james16 Chart Thread

Eur/Jpy : Usd/Cad — Moving my stop to 135.15, nice profit locked in. Probably just lucky, but I was sure this would get to 135....glad to see it unfold that way. On Usd/Cad, moving my stop to 1.0645. This has been a great week so far, not that ...

james16 Chart Thread

Mike gave a great answer (as always), the only thing I would add is that $120K is still a large amount of money to put in the market. Once you make the transition from demo to live trading I wouldn't risk more than 1% (more likely 0.5% per trade to ...

james16 Chart Thread

I am surprised no one else is expecting a bigger move on this pair other than me, but then again I played it off of the daily and I suppose I would have a different approach on a smaller time frame.

james16 Chart Thread

Exactly, I think 135 is in the cards and that is where I will tighten stops assuming no conflicting price action.

james16 Chart Thread

What a fantastic post! I think the sooner you remove the dollars from your trading (as in focusing on price action/areas zones) the better. Honestly, other than the initial stop loss calculation (1%) I can't even tell you what I make in dollars per ...

james16 Chart Thread

Nice trade! It missed my retrace entry but I entered on the break of the BEOVB. I have a longer term approach on this one and will be holding on, as I expect a bigger move down to the 135 area barring any conflicting price action. Nathan

james16 Chart Thread

Great Post! I think it relates again back to patience, which many people refuse to accept. Honestly, even if you see 50 bank statements from traders on here and proof they are making money how does that translate into you trading profitable? The ...

james16 Chart Thread

That is funny, that is exactly where I had my daily retrace entry (.6475) that was not hit. I still have my weekly pin break entry in, but I favored the retrace.

james16 Chart Thread

[quote=benji533;3177140] Yeah.......nothing extra locked in yet, but if there is another surge I will probably scoop up another 50. Time will tell.

james16 Chart Thread

[quote=benji533;3177098]Yea yea....the problem...I know what I'm doing. some times fail, some times rum...90% BE...still making good pips in the bottom line (HUGE R:R) "IT'S CRITICAL" I don't doubt you for a second, I was just joking anyway!

james16 Chart Thread

Ha ha.....hence the stop being moved - it is at a level. As we know, expectations mean nothing, although a doberman vs. benji....come on? Honestly, we can both make money from this trade regardless. Nathan

james16 Chart Thread