Moved my stop above a bar high, cut my risk in half.

james16 Chart Thread

The less pressure the better, if we only have to make 1-2% a month then trading becomes much less of a stress. All we need to do is wait for a great pin bar. Excellent. Account size is one of the key things that Jim talks about that I never fully ...

james16 Chart Thread

Im 2 pips up on my EUR/AUD too soon to move to BE?

james16 Chart Thread

Thanks Joel, Yeah I agree, trying to load a large position into the market without it moving price against you is a skill (see Livermore). Luckily for use we can get in and out when we want without an impact. As your account grows a ROI like 10% per ...

james16 Chart Thread

Great post, however I think you are completely wrong with "you will never make 20% a year". Unless you mean for very large accounts? Dont think there are many in here with the account size you are talking about. There are traders who have earned 25% ...

james16 Chart Thread

Yeah Ghous I see that PPZ, I have my break below 7000 however I will move stops to break even asap with this one due to that PPZ. Hasn't broke so far. I am playing most decent looking pinbars, in order to learn from them, not just A+. Im not sure ...

james16 Chart Thread

EUR/AUD Pin bar — Nice pin bar on the EUR/AUD, it's with the trend so I will let this one run. I am playing it on the break as its sitting around 1.7000 round number and I want it to break that to the downside. If it can then break through the ...

TAC's Paology Journal

EUR/AUD looks good to me on a PPZ and with trend. Update: I have placed a pending order for the break of this. if it breaks 7000 and then the bar lows it could be a continuation of the trend.

james16 Chart Thread

Had a quick scan and there are 5-6 pin bars possible tonight, will wait till close at 5pm EST before deciding, hopefully a couple that are not correlated. UPDATE: Mostly AUD/NZD pairs though, will aud break lows/highs? Regards Mark

james16 Chart Thread

Even perfect set-ups can fail, although rare but as Mike says it could be a a sudden piece of news that was unexpected that renders the pa void (i.e. 911) If you have 50% of your account on one trade even though it looks an A+++++ trade there is ...

james16 Chart Thread

Monthly ROI — I know this is a totally subjective thing, but trading this method on daily and 4 hour, I reckon a Monthly ROI of between 4-12% could be achieved. I suppose it depends on your risk and style. Do any the seniors have any knowledge ...

james16 Chart Thread

This pair is now making a nice with trend pin bar, so I might get on that baby tonight barring any better stuff.

TAC's Paology Journal

Yeah Mike good call , I took profit on my short at 0.6612, just below those pesky bar highs, was a good place to TP in hindsight. I knew it would bounce off those, and being a counter trend trade I took 270 pips off the table. Now I might go long ...

james16 Chart Thread

An update to my progress, I started my demo of trading dailes on 23rd July 2009. I have made 4 trades that triggered (Om my trade report I have some cancelled positions that never triggered and a few tiny losses where I screwed up placing an order) ...

TAC's Paology Journal

Woke up to this trade hitting the area I expected it to the bar highs to the left (no chart as I am at work), so I closed off at 0.6612 for 2.7% (270pips combined fro both positions) for a 1.4% risk. So its 3 for 4 (and the loss was my own fault).

TAC's Paology Journal

NZD/USD Pin bar — I got out of this at 0.6612 for 270 pips (2.7%) combined profit (risked around 1.4%), price went exactly where expected just took a few days. I got out as it has reached an area of heavy traffic and might bounce around for a ...

james16 Chart Thread

Yeah I agree, its good to practice drawing these zones to train your eyes, however I just open each chart bare look for PA at swing high or low and if its there then start to look for s/r and map out where price might be headed. I have a round ...

james16 Chart Thread

Yeah that's good advice, however a pin bar is a pin bar and there will always be something behind the reverse in price. I've kept my stops tight on this.

TAC's Paology Journal

Moved my stops in a bit as this is a counter trend trade, almost be but not quite.

TAC's Paology Journal

NZD/USD Pin bar — Moved my stops in a bit as this is a counter trend trade, almost be but not quite.

james16 Chart Thread