Thanks for reply. Me too 5 years already. I even worked on the Stock Exchange for 1.5 years in top management. Worked for Brokerage for almost 2 years also as a head of trading department. I have never seen 1 profitable person there, no one trades ...

james16 Chart Thread

Hi, its me again... man I am going crazy..never in my life I have not had such a hard time making a choice!!! I'm about RR again and how to manage trades. I just saw this great video by Ghous, thank you very much, very strong point! video However, ...

james16 Chart Thread

Hi MD, thanks for reply. That is what I feel too... 1 stop erases 3 wins.. but on the other hand win rate is very high really, my backtest show close to 81%.... don't know... maybe I should compromise some how... This is a great concern for me, ...

Indicator Free Trading - Skunny

Hi KF, thanks for reply! I made it to the page 93 so far, very carefully, not missing a single post. I have to admit I was a little disappointed that it evolved into commercial venture (workshop thing on page 93). But I guess this is normal and that ...

Indicator Free Trading - Skunny

Hello, this is my first post here....this thread looks to be another must read thread...I will begin today.. Just one question please (sorry that I'm so lazy) but is there maybe a summary of the method (to quickly grasp the point(s) made here) or ...

Indicator Free Trading - Skunny

Oh ok, got it. Well this would be little too advanced for me... Thanks for the clarification!

james16 Chart Thread

I asked the same question before. It is used to spot divergence (regular and hidden) as another confluence factor . Some traders prefer RSI to spot it. Here is a link to understand divergence quickly (sorry if you know what it is already) url

james16 Chart Thread

got it. so your SL not always behind the setup bar? And for this particular trade you would exit (I guess) at 5.48? so that would make pretty good RR for this trade. Don't get me wrong, I'm just looking for the ways to improve my trade management. ...

james16 Chart Thread

Hi Xmzhang, may I ask. That red line at 5.20 is it the level where you would normally put your SL (so behind left eye)? or is just SR analysis... Thanks.

james16 Chart Thread

Hi Vas, I saw it too, but skipped because I didn't like the close of that BEOB which happend to be before the high of previous BUOB. You can also view it as if that BEOB closed right at the 2-week bullish PB. For some it is not a problem as that ...

james16 Chart Thread

Yes I would like to do it with space, and also other locations (not only BRN) but I'm afraid that could make it worthless because to much of my discretion would be used (with which you may not agree at all) And I don't want to do every BUOB neither, ...

james16 Chart Thread

Thanks Ghous. Yes I see that FTA, actually it was 84.00 for me I just rounded it. Either way it is really close yes. I was also thinking to take 1/2 off at it. So for this example I would enter two lots, take 1/2 off at 84.00 and move the remaining ...

james16 Chart Thread

Here is the backtest I did for EURUSD 10 years. Using only BUOB's at BRN. 6 variations tested. All positive: from 2% to 9% gain from 44 trades occured in 10 years (using 1% risk). Hope someone will benefit from this. Any questions/critics are ...

james16 Chart Thread

Hey G, yes this is a good question. To be honest I still working on my backtest and in general thinking what is the best way for me to manage trades. I have already backtested different variations. Including fast exit at FTA (well for the ...

james16 Chart Thread

Hey Kwik, no not really. Mainly weak close and that RN I have for the JPY I have it in 250p intervals instead of 500 I like the CADJPY very much though...

james16 Chart Thread

Hey Sr2, yes OB only backtest - I love them, most objective least discretion!

james16 Chart Thread

Hey D in my opinion these backtests need to be as much objective as possible. For this reason when I was doing my backtests I was not even taking PB's. For example look at the PB you chose to take. The tail is not sticking out, yes good close but is ...

james16 Chart Thread

Oh this was fast! Thanks!!! I must have missed that post. So in 2010 there was 347 trades with 86% being winners! And as I understand this correctly 2040 pips net profit. And that is for 30 pips target. Well sounds like a very tight FTA to me. So ...

james16 Chart Thread

I bet Xaron made some super handsome profit on that EUR/USD short

From 1k to 1 million

Yeah me too, still thinking about what Ghous said. Of course I heard that many times before but could not make that concept "mine"... Sounds very good and psychologically I would love to have such a style. If it will work and make profit who cares ...

james16 Chart Thread