Well, IMHO, it's simple. It's just a normal consolidation routine after big runs or tightening markets. These will oftentimes signal BIG breakouts (as you'll see) or reversals in markets. If I were you, I would go through and disect each and every ...

james16 Chart Thread

Hey Ghous, I love your signature btw. It reminds me of the editor's posts. Check those out, most are golden.

james16 Chart Thread

Spot on brother. When I see the close of the candle below or above, that signals the actual break for me. I've worked my way through quite a bit of these already and when you wait for that, you are effectively eliminating quite a LARGE amount of the ...

james16 Chart Thread

I just took two long orders on the gbp/usd and aud/usd considering the very small risk involved. If they break the 4 hour highs, I'll stay in these until .8375 and 1.6600 respectively. If they break, then I've gained a different type of advantage in ...

MW's trading journal

Before I go, this is a random chart in 2007 on the gbp/usd. If you can't make gains on these, there is something wrong.

MW's trading journal

Well guys, I'm headin out for a bike ride today (it's gorgeous outside) and will be back on later tonight. BTW, I won't be here after tuesday. I'm heading to my beach house down in myrtle for the week. Soooo I'll see ya next monday (if I dont decide ...

MW's trading journal

That's good to hear my man. How's the beast treating you? And you too! Good luck!

MW's trading journal

Hey Bill!!! It's great to hear from you! I'm fantastic! How have you been brother? I hope everything is going great for ya man!

MW's trading journal

Hey Roger, how's it goin brother?! Long time no speak, I hope everything is good for ya man! Thanks on the bike comment too, those are my "works" as of right now. Here's a pic of my 4 hour close. I wouldn't really think too tough of this one, other ...

MW's trading journal

Charts speak for themselves. daily pin. Previous support. Shabam. However, there always seems to be a however. lol However, if that 4 hour pin remains valid over the weekend, I'll be going long off it to the high again as it is off that area of ...

MW's trading journal

I'm currently testing daily IBs. If you play them lazily and just on the break, you lose quite a bit more. If you play them diligently, that eliminates quite a large percent of the losers you would have had. I'll explain on this later after I ...

MW's trading journal

Agreed. but who knows? I'd like to be surprised in this sense.

Is the Forex market suitable for me?

First off, it sounds like you need a different goal. It says in your profile that your goal is to double your capital? Come on man. It doesn't work that way- If that's your goal then you are screwed. And you've given your time for learning? Come on ...

Is the Forex market suitable for me?

Not for loooonnnnngggg!!! hahah just playin!

james16 Chart Thread

Change that to one Mike. The real mike- MBQB11. I'm just an imposter bum.

james16 Chart Thread

I got it from you big guy!

james16 Chart Thread

OK, I'm so pissed off I really am.... Being pissed off is wasting your energy brother. As you know James is still in Portugal recovering from his collapsed lung. What I didn't tell you earlier was that whilst away my auntie also suffered a stroke & ...

Steviet's Live Trades!

Daily IB's are just like MBQB11's breakouts on the 4 hour. Check that out if you never have. In fact, read all of his posts. Do it. do it now. do it.

james16 Chart Thread

And yet another daily IB on the eur/usd. This one is from 8-11-2009. You'll notice this IB broke bottomside right? Go to the lower timeframe (4hr). That IS the lower timeframe. The range from 8-11 is noted by the blue box. DID WE SEE A CLOSE BELOW? ...

james16 Chart Thread

here's an example of an IB on the daily chart. This is 8-04-09. Eur/usd. Here's where most people get messed up with these. You enter when the next bar breaks high or low. Still following? Now check this out. Tell me WHY would ANYONE do that? How ...

james16 Chart Thread