Anyone playing the H&S? The target looks even bettern on a line chart.

james16 Chart Thread

Thanks bunny, What im looking at is a 5 and 10 year plan, I would like to by end of year 5-6 to be in a position to trade full time having built up my account to a good amount (without drawing from it). Just looking at rough figures. Im also not ...

james16 Chart Thread

Nice trading, Jim. I have a question generally about expected ROI per year. If we pick good setups and trade well we are looking at say 20%-60% a year? using 1% per trade and being picky? I have been here long enough to know the 100% roi a month etc ...

james16 Chart Thread

Folks in the AUDUSD short off the BEOB, its not broken yet, but look at the strong PPZ above, should repel price.

james16 Chart Thread

Wow that was quick you almost replied before the page reloaded! hehe

james16 Chart Thread

Some breakout patterns on the daily to watch? Im just starting to look at these wonder if there are valid?

james16 Chart Thread

I know here in the UK it is tax free, I just don't fancy trading with a bookie. You basically put any amount per pip from 1p up, spreads are similar MM's.

james16 Chart Thread

Tax free you say......hmmm. Need to think of a place to move to when I trade full time.

james16 Chart Thread

No haha, Scots/Italian with some Polish thrown in, with a Greek girlfriend!!!

james16 Chart Thread

I heard Jim say that in one of his videos? Is that where you got it Marcelyno? Its a great saying wonder where it originated.

james16 Chart Thread

I was looking at the 4 hour yesterday while in a daily trade, and asked the same question. Response was to ignore 4 hour as it might cause early exit of a trade.

james16 Chart Thread

Hi TotalNewbie, A bullish pin bar needs to be at a swing low and have space to move, before I would consider it to indicate anything. Even so, some trades are losers, but its a bit early to be calling this one a loser, also sitting watching price ...

james16 Chart Thread

Totally agree Bunny, excellent concept, verification of fibs. Fib levels sometimes become PPZ's but we need to check that visually. Same with round numbers.

james16 Chart Thread

I noticed you hadn't drawn a fib from the last weekly high? you'll see price is hitting the 61 fib and could bounce down off it. You can draw fibs to support or doubt any trade, I dont put alot of weight into them, like divergence. PA and S/R is ...

james16 Chart Thread

OK, I always place my stop at least above/below the PA bar by 10 pips plus spread, I think this is what Jim and Mike teach. Regards Mark

james16 Chart Thread

Hi Adam, I want to start by saying I am newish to trading 1 year, and only 4 months in PA/J16 method. Although I have spend significant time in that 4 months studying (I wasnt working for 2 months). I stay on the daily, I don't look at 4 hourly at ...

james16 Chart Thread

Thanks Gov, I used the 2 bar stop initally keep my in the trade, but once I saw the break above the round number and resitance area (for a few hours and is still there), I decided to hide my stop just below there. Thinking that is would use it as ...

james16 Chart Thread

I dont really use TP but I had one set at 1.7300 just incase it broke during the night. Will trail it each day based on PA.

james16 Chart Thread

Got stopped out of my EURAUD trade, had moved my stop to 1.7980 just below round number it had broken, but it spiked down to 1.7860 and took me out, took 140 pips profit though. Still not in the AUDUSD as my entry is 1.7480.

james16 Chart Thread

I put my order below .75, can you post a chart of the Trend line? I cant see it.

james16 Chart Thread