hey Sonic, Nice to see you dropping by bro. More pairs means more setups and what we teach here is that that should lead to one being more picky and selective with the trades. A good pin bar indicating a nice story knows not what pair its on. ...

james16 Chart Thread

Whatever be the cause its refreshing to see gold in a downtrend. g

james16 Chart Thread

Well done Martin. Nice but a tricky setup based on the lack of space. A good example of how stronger aspects of the story (swing high round number good size) can be weighed against the defeciencies (traffic) to make up for a tradable setup. That ...

james16 Chart Thread

hey Stephen, The body shouldn't beat the LLS, and in this case it didn't. It still closed (only just) within the low of the SFP. Also while its not uncommon to see bars retrace 30%-40% of the range of the prior bar, it really depends very strongly ...

james16 Chart Thread

Hey drive, Glad you're enjoying it. The new site promises to be a lot more fun and its on the way!! Feel at home and do not hesitate to ask questions or seek any kind of help. cheers, g.

james16 Chart Thread

hey kenny, If the pin bar had closed within the box, then yes, the consolidation box high would make for a first trouble area. g.

james16 Chart Thread

Hey Kenny, While Mike's away, here's my perspective: The EUR/CAD BUOB is loaded with supporting confluence. The rising trend line, the 1.3 BRN and a strong looking bar itself engulfing more than a week of price action. The bars it engulfs doesn't ...

james16 Chart Thread

These days I am head first into some real R&D projects. I am desperately looking to find a solution to the "soft stop" problem pertaining to exiting my SFP trades only when price closes above the high of a bearish SFP and below the low of a bullish ...

james16 Chart Thread

Yeah I can't get HCR/LCS levels out of my head. Don't want to either. They have helped me countless times in forming the bigger picture. They may not be a part of my method but still are a crucial component of my chart reading tools. g.

james16 Chart Thread

fantastic stuff Jim! I knew something like this was on the way. g.

james16 Chart Thread

The divergence paid off! It was a rather dodgy setup and I was expecting it to play some tricks but the NFP boost helped it work really well.

james16 Chart Thread

Yes it is, for a multitude of already discussed reasons. I was merely pointing out at the implicit divergence. One of the few factors in favor of it. g.

james16 Chart Thread

Dont worry D, Jarroo trades both methods so I am sure he has this sorted out. Lets wait for him to jump in... g.

james16 Chart Thread

That is a great question Dervel! I don't trade Jarroo's PBT method so I am always on the lookout for price reversing at swing points via SFPs rather than break out of them. When I started off experimenting with SFPs I was actually trading the ...

james16 Chart Thread

We can now go back to Gold and see how price is implicitly diverging there. g.

james16 Chart Thread

hey J, I use the term implicit divergence to spot trend weakness directly from the chart. Price seems to be headed in the direction of the current movement but gets consistently beaten by prior bar lows (in case of a downtrend and bullish implicit ...

james16 Chart Thread

Reiterating from my last post: Its instinctive to want get carried away and start seeing them all over the place connecting any bar wick with any swing point to make up a trade setup. This is still a very legitimate extension of the James16 basics ...

james16 Chart Thread

Entrance? Heck no! lol I said I'll be watching this one, not trading it. Taking a trade straight back into a close by FTA and a consolidation box, on an NFP Friday - No thank you. lol What I meant was, that since this is one of the tricky ones, its ...

james16 Chart Thread

Hey Ping, that's an SFP oright, and I can see some implicit divergence building up too however, notice how its heading straight back into a consolidation box and a very close by FTA. These are among the trickier setups as opposed to the no brainers. ...

james16 Chart Thread

Just in case Ghous is busy, thought I would explain it a little. Actually, I am still getting to grips with it myself and this also helps me get a handle on it. No, that is not the SFP. You need to find them on more recent areas at a significant ...

james16 Chart Thread