How do you plan to move your stop (if at all)? Also how would you manage the trade as it moves into your marked trouble areas? g.

james16 Chart Thread

Sounds like a plan g.

james16 Chart Thread

The red ellipse is actually highlighting consolidation, and that is hardly ever a signal of consumed order flow. It represents a battlefield that price is always nervous heading back into. To put it more simply, we understand that consolidation ...

james16 Chart Thread

So this becomes a set and forget trade then where price hits either your set SL or TP or are there any contingency plans in case price shows some real strength to the downside or struggles to even break the pin bar? Some really nice analyses coming ...

james16 Chart Thread

For the pin bar setup you didn't mention how you would manage the trade? What would you do if price holds up at that consolidation box? What if it blows past or never reaches it? g.

james16 Chart Thread

How about a little game. Let's see how many can predict where these are going. Consider you are looking at these as potential setups. Now I know you're restricted to the information that you see on the chart but the real purpose is not to make those ...

james16 Chart Thread

Actually it extends beyond just the concept of confluence. Every skill that you need to eventually master this art is going to be the one that you will really be needing to find success in every other domain of your life. This is precisely why I ...

james16 Chart Thread

Hey P, It actually requires more or less the same number of bars to be making money on either time frames. The shorter time frames are just playing with fewer pip margins but the R:R exists in the same capacity. So on the daily you're looking for a ...

james16 Chart Thread

Hey Z, The strong close on the fake out bar itself. Yes, there is a wick to the upside but there is absolutely no information there to confirm that there was some genuine selling coming into the market due to the small size of that upper wick. ...

Mastering the Art of Trading

That makes a lot of sense. And yes you can watch as many charts as you like. Even if you can't trade some (due to high spreads, or crazy volatility) they can always serve as good "watch only" case studies. P g.

Mastering the Art of Trading

It needs to break the LLS and close back above. The break needs to have a "visual value" meaning I can actually see a spike below the LLS level through the naked eye, as opposed to considering these teeny tiny moves below the LLS that only show up ...

Mastering the Art of Trading

Hey G, I use mostly the daily time frames and some times the 4H and the 1H. Just read through the material and see if you find it useful enough to apply to your own trading. g.

Mastering the Art of Trading

Hey guys, Just wanted to drop in to announce something here. It will be hard for me to be as active on this thread as I have been right through from here on. Running a thread, and that too an active one, takes a lot of time. The videos, along with ...

Mastering the Art of Trading

Magnificent Patapouer! Great post. g.

james16 Chart Thread

PA should, and does, work on lower time frames. Higher time frames are "easier" because there is less noise inside your head and outside on your chart. Extending this to lower time frames, the lower you go the fewer the pip margins and hence more ...

james16 Chart Thread

Hey bro, Always great to be back to the good ol' basic stuff yeah? Nice trade there. Although I'd prefer a deeper pull back I can see you spotted a nice flip and some PA to hop on the trend. image g.

james16 Chart Thread

Hey P, I for one, always tend to keep my time frames separate. So if I see a daily setup it is extremely unlikely that I would want to drop down the time frame ladder provided that I enter on the daily. Of course if you choose to "fine tune" an ...

james16 Chart Thread

Hey Jibson, Wow, some nice runs there Jibson. These were not triggered by a PA bars were they? g.

james16 Chart Thread

Hey Winston, Don't think there is too much to fret about. It was headed into a lot of traffic and clearly, it wasn't off anything massive enough to counter that major spatial deficiency. image g.

james16 Chart Thread

Your "little view of the whole thing" is absolutely correct. Its about just hanging on and allowing yourself to to take the natural route to learning the odds of success in this business. g.

james16 Chart Thread