Dan, you are more experienced and you were right, my GBPAUD trade ended in breakeven. How many times I have already seen.....experience=knowledge just like now

james16 Chart Thread

Thanks Dan, Well, when I noticed you post I had already been in position with this pair. I understand your conception about the chart pattern but when I realized that an 1,5 BRN - EMA150 (Daily chart) confluence will protect my stop loss when the ...

james16 Chart Thread

A IMO Be careful with that pin on audchf On my chart it is directly facing EMA50 and EMA150 on D1 and the whole bounce of EMA(50+150+365) on H4. As you think, but I skipped it.

james16 Chart Thread

GBPAUD, This candle closes in 20 minutes at 1,5 BRN....

james16 Chart Thread

Thank you Chriz!

james16 Chart Thread

Hey Chriz, Can I ask the settings of your boillinger bands? I started to learn trading of classical J16 methods (pin bar and engulfing) from an other (European) price action forum where the application of boillinger bands for chart analysis was very ...

james16 Chart Thread

On H4 head and shoulders is one point but a huge engulfing has appeared with strong confluence (EMA 50, 150, 365, 1,3 BRN and a ppz to protect the SL for a selling trade....very tempting)

james16 Chart Thread

Thank you Mike I understand your thinking, and accepted your advise I skipped the trade. However, 3 hours ago there was an other pin on H4, and I did not skip it luckily. GBPAUD classical MACD divergence with pin bar. It has just made 1 RR profit.

james16 Chart Thread

Yes the FTA is close but I planned to trade with an aggressive entry which makes about 0,7 RR until FTA (SL above the pin). What do you think? Of course there is not too much confluence, so do you think generally a pin bar with fibo retracement like ...

james16 Chart Thread

For me the space was too little in for a trade, I was not sure and I skipped. Anyway guys this is an other one: USDHUF D1: Pin bar 230 BRN FIB 50 (very spectacular) A lot of space for the trade The candle will close in 1,5 hours' time in my chart, ...

james16 Chart Thread

The pin bar is nice, but IMO fighting against this triangle is too risky. I did not even think about it for a moment. Further rising of the price is more probable, and it can be a possibility to bet for breaking out from the triangle, but I am not ...

james16 Chart Thread

Be very very very patient and disciplined!. This is not something what you can learn in a months or two. I think classical J16 methods (trading primarily pin bar and engulfing ) can be learnt from the first 100 pages of the forum from James16. IMO ...

james16 Chart Thread

I am not an expert of the method, but I am learning it for quite a long time and I am sure about this trade: FORGET IT! There is very strong ppz directly in front of the DBHLC with spectacular 1,3 Big Round Number. And don't even think about ...

james16 Chart Thread

Thanks Mike, I did not trade it yesterday, but I thought reading the opinion of professionals can be very useful. And I thought right.

james16 Chart Thread

Hey guys, What do you think about this chfjpy weekly pin bar as a trend continuation: Positive: Strong ppz with 105 BRN has been broken through (practically historical top is broken) Huge pin bar There is space for the trade Gap has been filled ...

james16 Chart Thread

Yes you are right, and I was mistaken....I am sometimes uncertain in trend following. That's why I finally closed the trade some minutes ago in 1,2 RR winning. Thank you for everybody!

james16 Chart Thread

The level directly under 1600$. After that IMO the price should break the down-trendline to continue rising. I think it is not impossible but I will highly consider closing the trade if it reaches the mentioned level anyway. We are different, trend ...

james16 Chart Thread

Thanks Mike, An "inside pinbar" was just formed on H1 as a confirmation of breaking through thelevel at 1565$, so I am planning to follow the trend at this moment. Guys, anybody, don't hesitate to comment if you disagree!

james16 Chart Thread

Hey Guys, So far this Gold pinbar was gold, it did its job and now I am in approximately 1RR winning but I am not sure how to continue. Do you think this pin will be able to turn the whole downtrend to rising direction until the strong 1600$ BRN ...

james16 Chart Thread

Yes you are right, this is not a beginner stuff, waiting for price action signal in that zone would be safer, but I have been learning this type of trading from a public guide of James16 for quite a long time without any serious success so I would ...

james16 Chart Thread