Lol Box trading at it's simplest

james16 Chart Thread

Thanks Jim, Nice to have a 37 pip initial stop trading off the Weekly chart. Defo a combination of a few things here. Firstly - the break of the weekly PA (as you say - v. important to confirm). Secondly - 1.0500 BRN (acts as a magnet for price). ...

james16 Chart Thread

One for Jarroo

james16 Chart Thread

Nice analysis Jonny easy pass on this one

james16 Chart Thread

Hi DF, Reading the whole thread may seem like a daunting task, but it will help you no end in your quest to become successful in this business. One of the contributors, Josh, did however take a lot of time in putting together this summary, which you ...

james16 Chart Thread

You'll definitely be able to stick to 4-5 trades per month, just by trading the daily charts. That way you're giving yourself the best possible chance of success. As James says in the 1st post, trade this only on daily and weekly charts until you're ...

james16 Chart Thread

Good work J

james16 Chart Thread

It took me a while to get to grips with this, so don't worry, you're heading in the right direction. Being more picky is definitely the first stage. Give yourself a set number of bullets for the month and see if you can stick to that. Overtrading ...

james16 Chart Thread

Sounds good to me Mike. How's about you trade for me tomorrow and I make an early start to the weekend? (you can have a lie in on Monday )

james16 Chart Thread

Absolutely. With the methods taught here it is completely possible to have a 90% win rate. I have another strategy I use which has a much better R:R, but my risk on that is lower as it is more aggressive.

james16 Chart Thread

It all depends on how conservative you are with the trades that you take, as well as how you manage those trades. I'm pretty picky with the setups I decide to trade (picked that up from Mike ), so I know that they've got a good chance of working ...

james16 Chart Thread

IMO the size of the bar is taken out of the equation by using proper money management. So whether I'm taking a position on a 250 pip bar or a 20 pip bar, I still risk 1R. Now if 9 of my trades hit my target at an average gain of 0.5R, then I'm up ...

james16 Chart Thread

Nice spot J. I'm with you on this one. Good divergence too, should be a clear shot to the FTA, then possibly 1.6200. I know where you're coming from Pip. I guess it all depends on what type of trader you are and how you like to play things. ...

james16 Chart Thread

Absolutely Mike. I'd agree though, divergence can be used in all market conditions. In any trending market there are always pullbacks. If we get fib levels, price action and divergence (normally hidden divergence in a trend) lining up, then it's ...

james16 Chart Thread

Hi Sid, The PF is always active, plenty of info to keep you occupied. Although everything you need to become successful is contained in this thread. If you read through the whole thing and start backwards and forwards testing, and asking lots of ...

james16 Chart Thread

The markets are acting like it's a holiday or something. It's funny, we always make sure we avoid all the news announcements when trading, yet that is what moves the markets. On a day with hardly any news coming out, it seems price has nothing to ...

Trend Trading All Pairs

I've not used the 2 bar trailing method myself, but I know Mike does use it subjectively. It all comes down to personal preference and how comfortable you are in the trade. The only times I would consider using such a method is at a swing high or ...

Trend Trading All Pairs

Spot on

Trend Trading All Pairs

I'd be careful trading with a pin bar of this nature. I assume the one you mean that I've pointed out with the arrow on the chart? Personally, I'd prefer to see a PB formed like the one I've drawn on the chart. The term 'pin' is short for pinocchio, ...

Trend Trading All Pairs

For those interested in learning more about Price Action (PA), here's a file that explains the various bar/candle formations. For more info on how and where to look for these, head on over to the James16 thread. They can be used very effectively in ...

Trend Trading All Pairs