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fxprocessor replied May 6, 2009If I was trading full time I would probably be looking harder for entries but as is I just look for the ones that scream at me now

james16 Chart Thread
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fxprocessor replied May 6, 2009Sure glad I didn't take this. It gave some pips but there are way better setups around the corner with less need to finesse the trade. It certainly pays to be fussy. I will look out for PA at current location though as this area is more attractive ...
james16 Chart Thread
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fxprocessor replied May 5, 2009Good to see you around here. Great choice you made
james16 Chart Thread
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fxprocessor replied May 5, 2009No apologies needed mate. Just trying to help as I have been helped in this great thread too
Are you successfull on 4 hour? I never found success on this timeframe.james16 Chart Thread
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fxprocessor replied May 5, 2009Are you succesfull on daily as per James16 minimum requirements? Bar was at a swing high and we look for these at swing lows. Sorry can't comment on this as I don't use either. cheers fxp
james16 Chart Thread
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fxprocessor replied May 5, 2009The 365 ema combined with 7500 round number is just above. I would take a pinbar there but this area does not have enough confluence for me. It would have to be a much bigger nose to take it on the pinbar alone. Doesn't mean it wont give pips but ...
james16 Chart Thread
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fxprocessor replied May 5, 2009Best thing I ever did for my trading was take a step back and follow the minimum requirements as outlined by James
Anyone who is in this for the long haul should follow these simple rules when starting out. The discipline/confidence you ...james16 Chart Thread
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fxprocessor replied May 4, 2009Hi Pakiestra What was your entry criteria on this trade? Price never broke the pinbar low. Apologies if I have misunderstood but was it a trade based on the daily pinbar? regards FXP
james16 Chart Thread
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fxprocessor replied May 3, 2009Hi Frankm7 If its the post regarding retrace entries you are asking about I will give you my take on them. The bars your pointed out look reasonable enough. The EURGBP is also a two week pin. If it had broke hard last week I may have been interested ...
james16 Chart Thread
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fxprocessor replied May 3, 2009Hi, These patterns can be traded with price action if you play it as a breakout, pullback and continuation or take the break of the pattern with a price action bar. The attached chart demonstrates a bearish flag breakout with a Bearish outside bar ...
james16 Chart Thread
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fxprocessor replied May 2, 2009This has the look of a neutral bar to me. I would want to see a much longer nose. Also if you blend the prior two monthly bars on your chart is gives a two month BUOB. The 61.8 fib area on a monthly chart is a great area for a potential turn though ...
james16 Chart Thread
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fxprocessor replied Apr 30, 2009I used to find the great setups were guaranteed to come after I had got bored and taken a few substandard trades. I would look at them with my depleted account and ask myself why did you not wait......? Don't care if I miss a good runner nowadays ...
james16 Chart Thread
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fxprocessor replied Apr 30, 2009Hi Zimdonks Not crazy about any of them to be honest mate. With bars like these if I traded them all the time I do not believe it would work out profitable in the long run and thats what I focus on. The AUD/USD chart is at a good location. if you ...
james16 Chart Thread