No problem. We are all learning cheers fxp

james16 Chart Thread

Hi Firstly your fib is drawn upside down. Easily fixed. How you deal with in trade management will depend on your written rules. Some will allow this room to move and not move stops too quickly and others will try capture a move to the first area of ...

james16 Chart Thread

Cheers Mike get well soon.

james16 Chart Thread

Hi Mike Would be interesting to know how you would play the USDCAD Pin. It looks like a nice setup but a few things that concern me include the strong up trend (general USD strength therefore CT), ascending triangle and the trendline on my attached ...

james16 Chart Thread

If you read some of his old posts there are some good examples. cheers QUOTE=Lyra;2381263]Thanks raczekfx for the prompt reply.Do you have criteria when selecting the support/resistence you are going to place your limit order? In other words how do ...

james16 Chart Thread

I will sit this out as it is counter trend and the break of the low is too close to the previous swing low to have a decent TP. cheers fxp

james16 Chart Thread

Best of luck with your trading. cheers

james16 Chart Thread

What does your trading plan say you should do? If you don't have a trading plan close the trade and you need to work on this.

james16 Chart Thread

Superb. Thanks Jim.

james16 Chart Thread

FTSE — A trade I am in. Entered at blue line yesterday. 61.8 retrace of weekly BUOB which is also a PPZ area clear to see on 4 hour TF. In with very small stop below the daily BUOB sat right on top of 61.8 fib ret. Stop now at BE.

james16 Chart Thread

Hey raczekfx Want to wish you all the best with the trading. I am sure you will have no difficulty paying those bills from your trading profits. Cheers FXP

james16 Chart Thread

Intersection of two trendlines providing strong resistance above the BUOB. Break of the inside bar would also be a break of the trendline if it breaks long. I am only taking shorts on this ccy pair though as per my rules while trend is down. My ...

james16 Chart Thread

Hi Tdion Is this something you are going to code in Metatrader? I'm sure it would be very useful. Did you ever try this? url cheers fxp

My version of a relative strength basket

I understand your point but James16 says he still puts new trading ideas through a demo process. Absolutely agree about the psychological part being all important but demo can have its uses when trying new ways of trading.

bad luck or manipulation ?

Please excuse my ignorance but what is Syntaxically?

james16 Chart Thread

I've seen this discussion many times in the PF about what is a BEOB and what isn't. James only says this with regards to the close of the bar "Preferably close will be in bottom third to quarter of bar. lower the better." Doesn't say close has to be ...

james16 Chart Thread

It's a BEOB. Is that what you see?

james16 Chart Thread

Do you mean short?

james16 Chart Thread

USD is the main relationship

Igrok Method. Q's & A's. Comments, thoughts and ideas

Hey Sonic This is J16 thread and James recommends to trade demo first. cheers FXP

james16 Chart Thread