It can be better to see a favourable close in relation to the open IMO. Goes for all bars. (I'm even happier when a close beats the previous bar's close.) Not a hard and fast rule, but I tend to hesitate more when it's not favourable.

james16 Chart Thread

That can happen, yes. It's one of those set ups where, personally, I like to wait for the pull back and then wait for confirming PA to form for that very reason. It (stop hunts) can happen with many many chart patterns. Lots of victims (lol) are ...

james16 Chart Thread

Definitely only on a break high. I'd keep an eye on 0.9215 area for trouble (Quite large zone). So manage your trade wisely. Personally I see a head & shoulder pattern that's just broke downwards though.

james16 Chart Thread

A good trade sticks out like a sore thumb. To you. ...If you're not in the trade , you can't stress over it being a dumb 'over-trading' choice. You took the right decision at the end to "just wait for something nicer". Do that more often. ...

james16 Chart Thread

Ahaaaa! I know your game now. ....You're collecting "Post 1" credits. j/k Awesome post Mike. Very VERY well said.

james16 Chart Thread

You can go 'Live' with less. And build your account. But you can see when the sums are done, that $200000 is actually a starter amount, where you aren't buying Ferraris and cool fishing boats for the weekends or supporting a large family ...

james16 Chart Thread

Glad you finally noticed bud. I've been trying to get the message to you for weeks. lol

james16 Chart Thread

For a long while I've targeted %2 per month. That's where I'm comfortable at. I beat that nearly every time, mostly by multiples, but it's become a good conservative target that I'm comfortable to base recommendations on here. I'm arguing 'Likely', ...

james16 Chart Thread

Hi Tmac. I agree. You can. Would you want someone to quit their job with just $50000 savings and throw that directly into a trading account to make a living off ? No you wouldn't. You would have to have good experience, a proven record and ...

james16 Chart Thread

Hope you don't mind if I throw in some thoughts on this one... Anything below $10000 is certainly 'demo' like to me. $30000 to $50000 is "Build Account" territory You can't get away from the fact that anything less than $200000 is making this a ...

james16 Chart Thread

"expectunity" . LOL ...Love it!

james16 Chart Thread

Right. ...Now we need Mike to start an "Mbqb11 Women Thread" "We attempt a set up only when there is great confluence.(i.e. Wearing nice clothes, Projecting Confidence, Desperate Target, etc)" "My favourite set up is when we have two HOT women at ...

james16 Chart Thread

lol. Price Pivot Zone. Areas where price shows history of support turning into resistance and vice versa. ....These are areas/zones. Not always one exact price point. edit: beaten. Thanks FX

james16 Chart Thread

Kind of ok find. Off a round number and the 38.2% fib. The key is to only take the ones at really good levels of confluence though. There are too many good looking bar formations that will go against you real quick. Take what Rac posts as an ...

james16 Chart Thread

I'm up there with you Simon. Good bar formations. But into busy areas. Quick profit type trades.

james16 Chart Thread

Sorry Joe. I actually didn't read your post very well. lol I've mentioned this before, but I take a different strategy based on what I see as the likely hood of various targets being reached. A really really good "Cherry Mike" trade ( ) I will ...

james16 Chart Thread

I like what Mike has said. Your confidence in the method isn't really there yet either. You know it works, but you're unsure of your long term results maybe. That'll come. I don't think you should increase the risk percentage at this stage until ...

james16 Chart Thread

lol. The shot gun approach. I thought that was just an analogy you used.

james16 Chart Thread

But that's a valid charting method . ....When combined with astrology. :nerd: When Sagittarius follows Capricorn you go long. lol .

james16 Chart Thread

Same. You get over it after a while. The right attitude would be to open up to the "real" information 'between the lines' in this thread. Not go on a anti-plagiarism crusade. (Or suggest one )

james16 Chart Thread