I have placed my first pending order for the week/month (I consider this the beginning of my "June" journal . Several things I want to talk about. 1. Last month was a losing month in currencies because I was too fast on my S/L. For a long time I ...

Dan's Self-Honesty Journal

this is true of everything. Nothing in J16 is cut and dry. Just keep studying. You will end up trading your own variations of this method, which is why this thread is so great.

james16 Chart Thread

This month coming up, I'm going to just post a very brief explanation of trades as I take them (entry, S/L, management, T/P), then on the weekend when I have more time I will go deeper into each trade. I think this will be the only way I can do it ...

Dan's Self-Honesty Journal

Interesting, This is the same technique that Paul Tudor Jones used to predict the 1987 crash. video

Dan's Self-Honesty Journal

something I'm looking at... Let's say you set an initial S/L for a pin, or BUOB, and that initial stop is 150 pips. Now you place a trailing stop of 150 pips on the trade, which activates immediately (where on MT4, the trailing stop isn't activated ...

james16 Chart Thread

Mr Denninger is pretty creepy overall lol! I love his political ranting though.

james16 Chart Thread

well I mean.... I could show a setup and say afterward: well as you can see here, if I took this, price would have missed me by 20 pips after over a 100 pip retrace, but that's ok because I prepared for just that! In all seriousness, a deep trailing ...

james16 Chart Thread

If you would have taken that trade, and managed it exactly as you show here, before the fact, I would bow down to you. I moved my stop to B/E, and was letting the whole thing run. Jarroo, you know I love you, but this is a bit too hindsight for me ...

james16 Chart Thread

here I have shown the I4B highlighted in the blue box. My entry was @ 130.84. Even if I had entered at 130.59 with almost no buffer at all, price still would have taken me out after the hard bounce off 131.94.... I was planning on taking full profit ...

james16 Chart Thread

Jarroo, there was no way you could still be in that after moving stop to B/E after 30 pips, it retraced down, even after going up to 131.92, then retraced all the way back down to 130.46.... the only way I would have survived this trade is if I ...

james16 Chart Thread

also, anyone aware of when Paul Tudor Jones predicted the 1987 crash? This extremely similar analysis technique is quite creepy in my opinion: video

james16 Chart Thread

Did you take it? bar low of 5-17, and bar high of 5-24. I don't trade hindsight edit: anti trend.

james16 Chart Thread

on something like gold, the 50% fib is extremely valid. I chose that fib as my T/P, but price missed it just barely and started to go down, so I shut the trade. In hindsight, it did come back, and pierce through the 50%, but I'm not taking that ...

Dan's Self-Honesty Journal

You ain't seen nothing yet! I want this to be at least TWICE as thorough by the end of June

Dan's Self-Honesty Journal

MONTH OF MAY, 2010 Week, 2nd-8th: +1.8% LIVE +5.1% COMMODITIES Week, 9th-15th: -2.1% LIVE 0% COMMODITIES Week, 16th-22nd: +0.8% LIVE +1.4% COMMODITIES Week, 23rd-29th: -2% LIVE +2.9% COMMODITIES Total: -1.5% LIVE +9.4% COMMODITIES (demo) =+7.9% ...

Dan's Self-Honesty Journal

I'm actually demoing audjpy and gbpjpy bars. experimental.

james16 Chart Thread

50%, and 61.8%. probably 61.8% more than 50%. I take off the other fib levels from my fib retracement tool because they don't seem to work very often for me. this one on GBP/JPY was a 2% risk on BOTH SIDES. I liked it that much. stops are on the ...

james16 Chart Thread

ok, once again, I4Bs straddling VBRNs prove successful. I got out at B/E on this, but price did in fact later hit what would have been my final t/p target.

james16 Chart Thread

strong uptrend on gold since 2001. trying to short is like trying to stop a freight train with your body weight - - it doesn't end well.

james16 Chart Thread

yes, need PA....

james16 Chart Thread