USD/CAD, CHF/JPY and NZD/USD — Bakko, I like the charts that you post. They look like charts an experienced member of this thread would post. I agree that there are no obvious A+ setups this weekend. On the USD/CAD weekly chart you posted the ...

james16 Chart Thread

Gold — Thanks for the detailed explanations supremeChaos and jarroo.

james16 Chart Thread

Gold BUOB Rookie Analysis — I am posting a weekly chart for Gold. I do not plan on trading this setup, but wanted to see what others thought about it. To me it looks like a high probability trade (possibly A+): BUOB at a swing low, through the ...

james16 Chart Thread

BE + 1 — I believe you are correct, forexngo. BE is when you move your stop loss to break even, which results in a risk-free trade. BE+1 is when your stop loss is moved 1 pip above/below break even, which results in a risk-free trade with at ...

james16 Chart Thread

USD/CAD and USD/CHF Rookie Analysis — I was looking at my IBFX feed and found a couple of interesting setups. The USD/CAD that has been the recent buzz of this thread has formed a 2-day pinbar. It had a bounce of of the 1.25 PPZ and has fib ...

james16 Chart Thread

EUR/USD Rookie Analysis — There is a BUOB on my daily chart for EUR/USD. It's at a swing low and its high is above the nice round number/PPZ of 1.3. Also, it is at a 61.8 fib. The main problem with this setup is that there seems to be a large ...

james16 Chart Thread

How much J16 is enough — Alter, That's a difficult question to answer. It probably varies from person to person. Some people understand these methods faster than others. Look at jdeuster, for example. He is relatively new to the thread and has ...

james16 Chart Thread

Yen Pairs — Hi, Adam. Most people here will only take the most appealing setup among JPY pairs. The reason for this is that the JPY pairs are very strongly correlated. When one yen pair goes up/down, the others often move in the same ...

james16 Chart Thread

It seems obvious now, but I never thought about considering the trading style that someone has when considering their opinion about a particular setup. I guess the reason for this is that I have not yet developed my own style. I know that it's ...

james16 Chart Thread

Thanks for the advice, Chris. Part of the reason I felt good about staying out of the USD/CAD trade is that I was able to set aside the opinions of others when the final decision was made. I have to admit, though, that there have been many times ...

james16 Chart Thread

USD/CAD — The USD/CAD pinbar created a tug-of-war battle in my brain. When I got home from work last night I read this forum as usual and saw a couple of posts regarding the USD/CAD pinbar. I then looked at my chart and decided that it was a ...

james16 Chart Thread

AUD/NZD — Hi, Rubin. I am just a rookie, but I think that AUD/NZD may run into some strong resistance just above 1.24. I see it as a strong PPZ on my daily chart and it even seems to be a PPZ on my monthly chart. Also, there is a gigantic BEOB ...

james16 Chart Thread

Stop Loss — Welcome to the thread, Tazzam. I believe clockwork answered your question with this post: url I highly recommend reading the whole thread. It is full of valuable information and will answer many of your questions.

Silent Service Method

Size Matters (AUD/USD) — Thank you for posting that, Mike. Yesterday I violated the rookie rule of trading on the 4hr charts. Not only did I violate that rule, but I have seen posts from you recently saying that you stayed out of a trade ...

james16 Chart Thread

USD/CHF Rookie Analysis — On my feed there is a BUOB on the USD/CHF daily chart and a possible BUOB on the weekly chart (depending upon the close of the current week). Pros: There appears to be a lot of space between PPZs near 1.19 and 1.22. ...

james16 Chart Thread

weekly S/R only — Hi, Trader. Clockwork only uses S/R levels from the weekly chart (if I understand correctly). See this post for clarification: url

Silent Service Method

Read the Whole Thread — Welcome, bjelakrez. Most people recommend reading the entire thread to learn price action. I know this seems like a daunting task (I have not done it myself), but it is well worth the effort. jdeuster, who recently made ...

james16 Chart Thread

USD/JPY Rookie Analysis — As noted by scott087 my feed shows a BEOB on the USD/JPY daily chart. I think this is a good setup for many of the same reasons mentioned by scott87, but have not been able to determine whether it is an A+ setup. ...

james16 Chart Thread

I believe you are correct. After taking another look at the chart I deleted my post. I suppose, though, that a 50% fib will appear at the same price regardless of the direction it is drawn.

james16 Chart Thread

USD/SEK — I think that this pair has been consolidating for about a week. Because of the consolidation, there seems to be too much traffic just below the pinbar. This rookie will sit out and wait for something that looks more like an A trade.

james16 Chart Thread