That move should end all debate on "SL vs no SL"!

EURUSD

Perfect.

The Essence of Trading

Trade with the trend off pullbacks. So simple, but so important if you want to increase your winning percentage. Don't just try -- I make it a prerequisite to entry.

james16 Chart Thread

I've been re-reading a lot of the material here (jduester's summary has been very helpful - post #23250). I was struck by a quote from one of Jim's posts that fits really well here: " i rarely let a trade run off of a DAILY chart more than 30 or so ...

james16 Chart Thread

Thank you!

james16 Chart Thread

FTA? — Have been away from this thread for awhile. Can't find original reference to "FTA". What does it stand for? Thanks.

james16 Chart Thread

... Plasmapants has the winning answer. In spite of the market moving in discernable trends from time to time, market noise generally takes out stops in both directions.

Why inverting trades doesn't work?

really?

balance lines

Marcel, I would not want to pretend to advise you on your risk level -- moving back to 1% is probably a good idea, especially considering your state of mind. But you should not be so discouraged by a single loss. 13 trades since February without a ...

james16 Chart Thread

No, daily. I was referencing an earlier discussion on the how the weekly on this pair is conflicting with the daily signal.

james16 Chart Thread

Not much point in arguing about it - when I pull back on a weekly, this thing looks like it could go anywhere. As with all trades! (Ignore my arrows)

james16 Chart Thread

Nice commentary. My SL is above the BEOB, so still in. I like that today's peak stopped at the May 7th high. Still lots of potential here.

james16 Chart Thread

Josh, Great work! I really enjoy your posts. BTW - Go Buckeyes! I see I quoted the wrong post -- meant congrats on your three months results.

james16 Chart Thread

Ady, Thanks for sharing this. I will be trying it, too.

james16 Chart Thread

Rac, it's a few weeks old, but I really like this post. I have to ask you and jaroo and others who set their stops to BE quickly (30-40 pips): What do you do when your entry is triggered, but there is no hard break? It never gets to a 30 pip gain. ...

james16 Chart Thread

eur/cad — A couple of you have mentioned the eur/cad daily pin, but it doesn't seem to be generating much excitement. It's a double bottom and a bounce off some pretty solid support. There is some traffic to work through, though. Am I missing ...

james16 Chart Thread

Very nice poster. The PF identifies a setup that is rarely (if ever) mentioned here -- the Inside 4 Bar (I4B). In general, I avoid IBs because I don't believe they are as reliable as PB and BUOB/BEOB. Anyone using the I4B with success?

james16 Chart Thread

Nice pin, but at swing high.

james16 Chart Thread

L, I'm sure you'll hear from others, but I can tell you that PA is alive and well, and the PF is going strong. At least as recently as December, when I was last subscribed to it.

james16 Chart Thread

I think you're right, there are enough good setups that will run. To be at break even during a pull back on a weaker setup is better than risking a loss.

james16 Chart Thread