lol. ive been there man. its really not that hard. pick your battles and get out if it doesnt work.

james16 Chart Thread

CHART — CHART

james16 Chart Thread

CHART — CHART

james16 Chart Thread

yes. a break is how most do it. yes your fib is correct. all the bars should be traded at the right spot. learning the right spot takes time. we look for many things not the least being confluence of s/r. large outside bars are great, it comes back ...

james16 Chart Thread

this entry was an advanced technique not based on a break of the bar but on a retrace to old resistance. brand new people should just trade breaks imho. your BUOB was so long it retraced to the 50 fib from high to low. the break actually went very ...

james16 Chart Thread

CHART — CHART

james16 Chart Thread

CHART — CHART

james16 Chart Thread

CHART — CHART

james16 Chart Thread

there is a very wealthy poster here that i will let remain anonymous that gave up his british citizenship for these reasons. now lives in the carribean and pays virtually no tax. as he puts it. "my country left me long before i left it"

james16 Chart Thread

since the backside of the bar has not broken its still a valid set up just not a pin bar....yet. assuming you trade breaks of pin bars after an inside bar. some do/some dont. jim

james16 Chart Thread

hey my friend lesson learned. DO NOT TRADE THESE BARS UNTIL THEY BREAK. you will see some doing it but most of them have been doing it for a while. a pin bar does not become a pin bar until it breaks.

james16 Chart Thread

mikali has given me a chance to get on my soapbox so here i go. consider that a compliment. i can tell your serious so im going to speak to everyone thru your post. hope really doesnt need to be part of your thought process. its not that hard it ...

james16 Chart Thread

although mikes reply might seem vague its actually right on. here is an example chart. this touch entry was based on just 1 bar high and a round number. one of the long term keys is small losses. the biggest key is proving you can do it on a ...

james16 Chart Thread

they are based on a lot of experience watching price and knowing when price is at a place that i can know with a very high probability where its going. not unlike using pa. jim

james16 Chart Thread

brilliant. listen to him benji.

james16 Chart Thread

actually im averaging around 80 percent this year on my touch trading but my losses are always very small. i lost last night on the gbp/usd when i took a risky 1st touch to the 61.8 daily fib. 15 pip loss. yes benji seems to be getting the hang of ...

james16 Chart Thread

CHART — CHART. SAME HERE.

james16 Chart Thread

They are just simple s/r entries. not hard to learn. the key to them is picking where your going to do battle initially and taking very small losses if the battle goes against you early. jim

james16 Chart Thread

CHART — CHART. SAME HERE.

james16 Chart Thread

Chart — CHART. This has done everything i hoped it would and is now at a resistance area where all i can do is watch. I trailed my stop under bar highs and lows and in conjunction with large round numbers. Just like we talk about here and in ...

james16 Chart Thread