I would be wary of playing straight into such a round number and counter trend as well as the H&S pattern. I would like to see this is as a breakout pull back to the 95 and then get a pin bar or outside bar to go short off of 95.

james16 Chart Thread

He uses 365 and 150 on close, yes only as support and resistance. Yes MACD for divergence. There is not PDF for the thread but see this link where Josh has collated a lot of the posts into categories which is helpful. I dont see why a PDF would be ...

james16 Chart Thread

Good luck, reading the thread requires a lot of time and commitment, so you have put in the work required. I would love to get a paper version of the thread to read on holiday where you can make notes and stuff. Wonder how many pages on paper it ...

james16 Chart Thread

I guess if it was just a matter of reading it then we would all be like Jim/Mike etc after reading the thread, I think you need to hear some things over and over sometimes before it clicks otr your brain connects the neurons to have that moment of ...

james16 Chart Thread

Hi lddd, A good way to work is to mark the important support resistance areas on your charts (all pairs, you can do this any time, and you only do it once then update it now and again). I would do this on weekly (watch this video from James16 guest ...

james16 Chart Thread

This wont be news to most of you but, Ive noticed that using a the grid indicator for MT4, and setting it to show horiontal lines for the round numbers will save you a lot of work when marking up PPZ. The setting will vary depending on the liquidity ...

james16 Chart Thread

Yeah that it in a nutshell, the decision to trade it or not and what you do once you are in the trade and how much to risk per trade are the things you need to work out before trading it though.

james16 Chart Thread

Thanks Chaos, I firmly believe that the info here and in the PF gives you everything you need to make it to the 5%, you just have to execute it by practice, learning, reviewing and testing, some will fail even with what's here. I run my own business ...

james16 Chart Thread

I agree then, there's a post over at babypips forum which talks about percentages of people who fail, its quite harsh url

james16 Chart Thread

Here as in forex trading or here as in this thread?

james16 Chart Thread

I kinda already knew this or had read it a lot but it hadn't clicked properly, if you can stay in this game minimum 6 months learning as much as you can you begin to get the moments of clarity.

james16 Chart Thread

Gordon Gekko: Lunch is for wimps lol just kidding enjoy

james16 Chart Thread

Yeah Bunny I am seeing it clearly now, PA is nothing without location. I see major locations as the following- Weekly horizontal S/R (PPZ or highs/lows). Big round number 1.5000, 1.6000, 100.00 , 120.00 50,61.8,76.4 Fib line from a large move on ...

james16 Chart Thread

I have been thinking about this post, and I am going to change my method to doing that, its a minor thing to change for me. Be aware of areas of s/r (weekly Horiz S/R or PPZ, 50,61,76 fib, 365,150,60 ema), then as price approches these areas look ...

james16 Chart Thread

Sadly not, with this method its best to do it eyes only. Can be tedious but you will learn loads just by going through hundreds of setups.

james16 Chart Thread

Thats a good way to do it, however I look for PA first then PPZ etc I find it easier, without PA theres no trade however PPZ can be minor or major and you cant mark all of them.

james16 Chart Thread

Hi Lapin, Not sure I understand, you identify them the same way you do normally, you can hide the future bars by turning chart shift off and use F12 to move one bar at a time. I am backtesting pin bars on daily since 2000 (starting on U/J) I will ...

james16 Chart Thread

Im going to do some exciting back testing on daily pins. F12 key here I come.

james16 Chart Thread

Yeah nothing will move much, better to sit it out till next week.

james16 Chart Thread

Theres a small pin bar on AUDCAD daily, it has good confluence, 38 fib, ppz 0.880 and 365 ema as support. I think it should run to the those bar highs and its a with long term trend. One thing I dont like is size (and it is not closed so this all ...

james16 Chart Thread