In my charts above, I set my stop to break even after about a 30 pip move up. the trade obvioulsy worked out well after i was stopped out early.Should have held my original stop longer.

james16 Chart Thread

jaroo, If you've got the time still, I've attached my usd/jpy trade from last night. Daily show my entry, 4h shows where I got stopped out. By way of introduction, and perhaps as a warning to those who might be tempted to trade the very short ...

james16 Chart Thread

Jaroo, I'm on a lunch break and have to get back to work (real job - lol). Also never posted a chart before, so give me a little time. Try to post it this evening. Thanks for your interest.

james16 Chart Thread

Scott, Well played. Thanks for your input.

james16 Chart Thread

I agree 30 pips was a little tight, but not being an A+, i wanted to get to BE fast. I wasn't one of the winners, but I didn't lose, either. Nice trade for you.

james16 Chart Thread

4fun, You're right ... clear difference between the two -- thanks.

james16 Chart Thread

eur/jpy v. usd/jpy — I reviewed both of these last night; played the USD. After a move up of about 30 pips, set stop to BE and went to bed. Stopped out. EUR action was very similar, but I would still be in the trade. For those of you who chose ...

james16 Chart Thread

[quote=Jigsaw;2688652] Perfect - thank you.

james16 Chart Thread

I'll look into it -- thanks. Plus, I hope I didn't sound presumptuous about expecting your reply. You are always so helpful here. Greatly appreciated.

james16 Chart Thread

I wonder the same thing. My sell-stop order is still in place. Thinking about closing it.

james16 Chart Thread

Non-USD Pairs — Thanks to Jigsaw and Mike for your replies. I'm sorry to be so dense on the subject. Mike - how do you know or calculate the value of a pip on a cross currency pair? I know it's $1 or $10 with a USD pair, and I know how to ...

james16 Chart Thread

The other day I asked for some insight about trading non-USD pairs and any additional risk I might be taking on. Unfortunately it got little response. Mike, Bundy, others: do you trade non-USD pairs (with dollar as your home currency)? Just not sure ...

james16 Chart Thread

Non-USD Pairs — Hello All, Looking for some advice. I have never traded a pair that did not include the USD. I'm in the US, so my trading currency is dollars. Is there anything I should be aware of? For example, if I go long the pound/yen and ...

james16 Chart Thread

Very encouraging -- Thanks Jim!

james16 Chart Thread

You've described it well -- and more good advice. Thanks a lot.

james16 Chart Thread

Mike -- Excellent advice. Thank you.

james16 Chart Thread

[quote=bundyraider;2564845]I'll tell you exactly how I dealt with that./quote] Thanks Bundy -- I appreciate your reply.

james16 Chart Thread

Introduction and Question — I have posted on Forex Factory several times in the past year under the name PipsterDufus. But I was a James16 PF member under the name catiron, so I have changed to that name here. I was a PF member for four months ...

james16 Chart Thread

One approach: If a trade has achieved 1:1 risk/reward and is approaching the first area of S/R, take some or all of your profit. If there is room to go before S/R is hit, move your stop to break even and watch for the move to continue.

james16 Chart Thread