This is true for sure. Put a buffer of 15 or so pips on it and THEN check out how many false breaks happen (quite a few less). It's just like a trendline. Trendline breaks happen only to return and follow through along with the trendline. What makes ...

james16 Chart Thread

Truth be told, I doubt I could talk slow right now haha I'm losing my mind here. That trade is life changing if one would have taken it and held. Other than that, I believe they are something to look into. Light risk, huge reward oftentimes. I'm ...

james16 Chart Thread

Yes, pin bars DO and WILL work. If you aren't seeing any, why not add a few other tools to your trading toolbox such as outside bars, Inside bars, and pseudo-pin bars? Damn...I'm still excited.

james16 Chart Thread

In light of Storagepro's looking back, I'd like to propose everyone do the same thing. I'm doing some testing on daily IBs right now (for the 5647385837th time) and check this OUT. IF THIS ISN'T EXCITING, YOU ARE DEAD. Go back to the daily IB on ...

james16 Chart Thread

Notice, Jim, that it went to the previous lows then came off of them. LOOK at your trades and see if that happened. Where are you placing your trades at? Are you placing them at highs/lows or in the middle of the shit stream?

MW's trading journal

IB on Usd/cad was stopped initially for a 30 pip loss and then reversed. This trade was then closed for a gain of 70 pips. In all, I took a gain of 40 through it. IB on nzd/usd was closed for 35 pips at the resistance area of .6760 IB on aud/jpy was ...

MW's trading journal

Wow, thank you Newborn for making that chart. I'm going to go through and study it now. I am going to see what discrepencies there are that make each IB differecnt- better or worse to trade. Along with that, the various pins, and OBs. I'll post in ...

MW's trading journal

Gotta love those I4Bs. Trades waiting to be triggered/are triggered on the usd/cad, nzd/usd, aud/jpy, gbp/aud, and usd/jpy.

MW's trading journal

You are absolutely right about them being skills that always need to be improved upon. The day you stop trying to improve is the day you allow for emotions to be brought into your trading. Think about it. Anyways, you are spot on with your ...

james16 Chart Thread

I'm also thinking there will be a lot of IBs and double IBs tonight on these 4 hour charts. I'm hoping so anyway

MW's trading journal

I'm waiting for an entry signal on the hourly before entering short for the daily eur/aud. If I get a pin a little higher up, I'll play it but if not then oh well. Next trade.

MW's trading journal

Not many setups for the night. The rest on the gbp/jpy and usd/jpy were closed at BE +5. I'm looking into the gbp/chf 4 hour right now. The 4 hour closed as an IB and there's a chance of the 1 hour closing as a BEOVB to break out that 4 hour. If ...

MW's trading journal

My man, you don't wait for patience and discipline. You practice them. I had the same thought process that killed me for a year or two there. Without working on the discipline to trade correctly, how are you going to? I play hockey. Without learning ...

james16 Chart Thread

You, sir, are a genius. Simplicity is sometimes the most complex thought anyone can come across.

james16 Chart Thread

Profits were booked on the eur/nzd and eur/aud already based on those IBs after pin bars. 90 and 100 pips respectively at first areas of support. Gbp/jpy and usd/jpy trades are still on the table. However, I took partial on the gbp/jpy at 159 while ...

MW's trading journal

These dailies coming up ought to be nice too. Looking at the yen pairs, those 4 hour entries were perfect for runners. I'll be posting on the daily close with thoughts, entries, and exit ideas.

MW's trading journal

If you've never read his posts, check out a guy named Dale. His inside bar trading is simple and effective. Jim (Jarroo) is the same way. check em out. They've enhanced my trading yet again - using simple techniques.

MW's trading journal

Wow a little update is needed here. I'm actually still in the gbp/cad position but the others are closed. On that trade, I'm seeing right now a gain of 1000 pips. This is a life changing amount for me as I've increased leverage yet again as my ...

MW's trading journal

LEARN FROM THIS.

The DIBS Method... No Free Lunch continues

How do you know that your thinking is in the correct order? It's easier to lie to yourself than you would initially think before delving into the subject.

why I DON'T need a forex mentor