A1) Ahh...I personally never used any software for the back testing so can't be of much help here except that I know a lot of people use forex tester for their back testing. Its one of the popular software around. A2) For many an excel spreadsheet ...

james16 Chart Thread

Hey Digu, Actually the entry for a our bearish pin bars is a few pips below the low of the pin bar. That level is under the consolidation box high. In fact the very pin bar could also be considered a fake breakout attempt of the consolidation box ...

james16 Chart Thread

Hey Neytiri, yes it is albeit a tricky one due to the minor swing high that its off and also because its headed into a big block of consolidation. I am glad you identified that consolidation box high as the FTA. g.

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BINGO! Mike's smiling somewhere. g.

james16 Chart Thread

These are one of those times when the patience really gets tested. You need to hang on there. Just too much uncertainty around to plug in the action in the fx markets these days. Not the first time, and certainly not the last. Remember, anybody ...

james16 Chart Thread

Valid argument for the support there, but I for one would have preferred a deeper pull back. That is, price returning back to this level after a bigger rounded retest than the current one. You're kind of trading straight into a fresh swing high. ...

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Hey Str8, Really good question. Pattern breakouts operate within their own dynamics. In a normal move up, those swing highs would stick out like sore thumbs. But a breakout of a long term wedge can create massive order flow of its own. Put another ...

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Hey Str8, The strong break of the pin bar allowed price to crash through in which case it was headed straight for the consolidation box high (see chart) after it broke through the 1.05. image Doesn't mean we're ignoring the round number, just ...

james16 Chart Thread

Here's a chart to show you what I mean with the pin bar wick protruding beyond the prior swing point. image g.

james16 Chart Thread

Really interesting stuff. Reminds me of Mike saying, that Darkstar used to tell him that "You really only trade your own beliefs in the market". Every action that you take, is a direct product of a particular belief. Something down under. A formula ...

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lol. Sometimes we traders can over do with the patience drill. better luck next time. g.

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Resistance becomes support. Support becomes resistance. lovely trade Dan. g.

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Yikes! Apologies for that. As I was saying, I will actually do this regularly over the weekend that way everybody willing to participate will know when to jump in and hence not miss the shot. g.

james16 Chart Thread

Good to see you pick out a bearish pin bar at a swing high. That's exactly where we want them. However there are always going to be other factors around that will matter just as much. For example I am looking at how the pin bar itself is pretty ...

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Hey P, That wouldn't have qualified for me. I would have preferred it to have formed at the 8000 RN to be a little more interesting. image g.

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Hey P, I deliberately put up the toughies as there is no fun predicting the obvious. Its always setups like these, that bring about confusions and also test your skills and abilities so great to be exercising with such setups. Thanks everyone. ...

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We had some great insights and thoughts coming from so many of you. I could read them and couldn't resist a smile seeing how many nailed these. The important thing to understand with both was that they were heading into traffic and called for ...

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Hey N, This is Snag it 11. g.

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I think you mean you would NOT take the trade. Nice logical trade plan for the second. g.

james16 Chart Thread

Hey D, All of these pin bars look more as just ones by virtue of only the textbook definition as opposed to display some real strength. As picky traders we're looking out for the big beefy PA setups at crucial locations as opposed to just any pin ...

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