Alpari feed daily chart GBPJPY I16B straddling the 130.00 VBRN.

james16 Chart Thread

You have come to the right place. Transitioning to this will be extremely easy for you, compared to almost all newbies.

james16 Chart Thread

Honestly if you used me as a contrarian on i4b's, you would be hitting about 80% accuracy

james16 Chart Thread

I'm never ever correct on which side the I4B's are going to break.... Knowing that^^^, a break down is the path of least traffic, and with trend.... Having said that, expect it to break upward.

james16 Chart Thread

I assume it doesn't taste good TODAY, because you took anti-trend pins during an obvious strong trend. better off to stay out, or trade a different pair/commodity in the direction of the trend.

james16 Chart Thread

that's a great i4b.... I don't know why I passed on it!

james16 Chart Thread

yes.

james16 Chart Thread

You do know that oil trends with the comdolls usually right?

james16 Chart Thread

Price is shooting down so fast on that. If price retraces to a good level and prints bearish PA, I will go in... no way I will trade against that momentum.

james16 Chart Thread

NZDUSD is the best pin of the bunch in my opinion.... FTA for me would be .6800 (although I'm not going to )

james16 Chart Thread

I moved my stop up on gold to 1182.80 (below the low of todays daily bar)

Dan's Self-Honesty Journal

all these pins seem fake to me.... none are really placed anywhere good... I'm passing on all of them.

james16 Chart Thread

I got whacked for 2% loss on this.... unexplainable whip up right through the 60.00.....

Dan's Self-Honesty Journal

out at b/e.

Dan's Self-Honesty Journal

current live trade in a bit of draw down. I'm thinking the 60.00 may keep me safe for now. 2% risk

Dan's Self-Honesty Journal

I believe James himself has said that divergence just doesn't work in a strongly trending environment. I personally think that as a trader, you need to learn what the markets are doing (trending, or consolidating? how strongly? what is happening in ...

james16 Chart Thread

anyone else see this one? (still demoing futures , haven't had a losing week on them yet in May.) (edit, the profit has been taken at 67.40, the picture was saved before price made my target)

james16 Chart Thread

that's not at all how I trade, I look at the BIG picture, and trade from that.

Dan's Self-Honesty Journal

well, that was effective. 1:1 R/R, 2% gain ALSO, USDCHF stop is at B/E, Lets see if price gets to my target (1.1720). I attached that oil demo trade

Dan's Self-Honesty Journal

meh... maybe 50% of the time. It can also mislead you the other 50% of the times you use it.

james16 Chart Thread