Easy . What's a pip worth?? Don't think in pips for starters.

james16 Chart Thread

To go all the way without a retrace is unlikely. Personally I entered on the 4hr and ignore the 1 hour because of that. ...And get to grab some sleep in the mean time. lol

james16 Chart Thread

Yes. ...Well spotted. 134.50 is probably important too. You could sell part anywhere in that area and set rest to B.E. if you like. I'm not worried. Will manage this one bar by bar every 4 hrs for the moment.

james16 Chart Thread

Monster fib. confluence , proven reaction area and very very nice pin like that? ...No target. I'll trail the price action. Hookie pointed out a great target. That's where my alerts are getting set.

james16 Chart Thread

GBPJPY 4 Hr pin — . Gorgeous looking G/J pin. Closing on the right side of good confluence. .

james16 Chart Thread

Presuming you are only risking the correct amount on this trade, I wouldn't panic at all here. OK, the entry was right against a support line, but as far as 'where' the bar formed, there's a pretty chance this will hold mate. I can think of much ...

james16 Chart Thread

Too right B. For anyone cashed up and able to hold, you can't go wrong picking off a few bargains.

I Bought IBM @ 35...

Some Outside Bar Tips — Location was a hassle, but I'd have skipped an outside bar that is only a small amount larger than the previous bar too. Closing below the previous bar would be a helpful as well. Take good note of your outside bar ...

james16 Chart Thread

I don't think you have too much to worry about there. That was a nice spike on Yen a few minutes ago.

james16 Chart Thread

LOL ...There's our answer ....Stuck like an ant in honey. I'd say long eventually by the way it's trapped.

james16 Chart Thread

Ghous uncovered the major plan. ...No going long until we get over that resistance. At least on that time frame. Which is looking 'tight' Here's another reason... (Even if temporary. There will be better trades.)

james16 Chart Thread

I don't. Too small in relation to the bars around it. I want to see what happens in 125.20-125.40 area Looking for more certain opportunities. ...As always.

james16 Chart Thread

Great pin. Nothing wrong with taking pins into tokyo. Sometimes they may not do anything till later on, but look what happened this time. Remember that this pair consists of two countries who are doing business during those hours.

james16 Chart Thread

LOL. Yeah..... "A little bit more, a little bit more!! Come on baby!!!! You can do it!!!" "Ooooo.... Now it's gone negative. ....Can't book a loss.... I'll give it a little longer." " DAMN!!!!..... Hit my stop loss!! If only I'd taken ...

james16 Chart Thread

There could be more technical failures to come yet, due to even more fundamental reasons that would clog up our reasoning. Divorcing fundamentals from technical analysis is completely OK in my book. A set up just didn't work. We're trading ...

james16 Chart Thread

Yep. Against and with. Just be careful with 'where' and both are just as good to you. ...And wait a lot. lol

james16 Chart Thread

Someone made a manual backtest indicator or expert or similar that helps you out there. I have a feeling it drew a box over the top or something to blank the last few bars out. Don't know it sorry (I have ForestTester), but someone might be able to ...

james16 Chart Thread

I would have skipped it myself Adrian. You would be correct for thinking it was low grade. Not just the traffic, you'd want something to tell you that consolidation range was broken first. You would look at it as a sign of possible direction to ...

james16 Chart Thread

I'll tell you exactly how I dealt with that. I narrowed down the levels at which I am willing to trade at. For example at the "Big" pivots or "Big" Fib's etc. (This doesn't exclude intra-day trading if you like. Just day trade when prices get near ...

james16 Chart Thread

Dude.... Don't listen to the news. You don't need to with these methods. If you know your strong confluence levels they tend to be where news spikes stop anyway. Maybe avoid NFP fridays. ...though even they haven't been so bad recently.

james16 Chart Thread