If you were trading the daily formation with the appropriate position size for your account there's nothing to worry about in a retracement. This my chart as I've been watching it. (Ugly too. So I'm off to bed. ...I like cleaner "alignments.") ...

james16 Chart Thread

No your examples work well in conjunction with mine. I didn't go into the types you did. So it's good to see them in two different posts.

james16 Chart Thread

Yeah, I was trying to keep the explanation clear. I look for verification of my fibs. If price is forming obvious flip levels (PPZs) around a particular fib study's levels (like a monthly waves fib), that's when I give it weight in my planning. I ...

james16 Chart Thread

Hi pitpiter, Start with the monthly chart. You need to find the very obvious clean waves. For starters. Don't over do it. Try and stay within' the waves that encapsulate your current price action if you can. Higher time frame down to lower time ...

james16 Chart Thread

Hi Athan, A lot of good stuff said to you. Just to let you know that I'm extremely jealous of the people in here who trade profitably after only two or three years. Even five years would have been nice. Took me waaaay longer. Even James16 took waaay ...

james16 Chart Thread

Location, Location, Location!! I notice a lot of people taking trades at locations that are 'OK'. And often with 'OK' confluence even. 'OK' locations just aren't good enough when the market is caught amongst tight flip zones. When you see a ...

james16 Chart Thread

BTW, I was using the your 38.2% as well for confluence purposes. Deleted it for clarity. Will be cool if this makes it down to 97.15 area. Might be worth watching later. Not prepared to go long until then. OR... Alternatively , a more convincing ...

james16 Chart Thread

That is a nice arch.

james16 Chart Thread

I was thinking more along the lines of the weekly chart. Wasn't interested in holding my free short pos further than this...

james16 Chart Thread

Already gone for me, just closed at 98.08.

james16 Chart Thread

LOL. News.

james16 Chart Thread

Possibly.

james16 Chart Thread

You're asking the wrong guy! I haven't been a member for a long long time. But, besides that, I know it's still going strong. You'll find some really great stuff there. .

james16 Chart Thread

Right there with you on the A+ B+ etc. It's gotten quite smudgey since the idea first came along. You are totally right . Too much subjectivity. ( A+++ is pretty self explanatory though. ) And correct on the two day pin. Break of the lowest low ...

james16 Chart Thread

On the main news here in Oz too.

james16 Chart Thread

Sorry guys, I didn't really explain it properly. I could make the four trades easy, sure, no prob. I'd just have to remember to log to do four FX trades at least every month. Just not interested. I know what you can do with the chart package. My ...

Is I.G. Markets charting worth $60 (Aud) per month?

I don't have an immediate bias at the moment. Just traded some old set ups I've used for a long time on the five and fifteens. Took profit at 3330 15m pin and not sure if the rest got stopped out B.E. or what yet, haven't looked. ...Must have been ...

james16 Chart Thread

On to it. Still half long from the 08:30 GMT one. You're right, it has been fun the past couple of days.

james16 Chart Thread

Still Friday. ...Beer-O-Clock in 13 mins.

james16 Chart Thread