I don't need a break. Not if it's convincing enough. Depends on positioning. Just to let you know I haven't even thought about this as a trade yet. Was more about giving a couple of examples to answer Cosgrove's question. I should have been clearer ...

james16 Chart Thread

Possibility 2 1 Hour chart. At yellow 'X'. If there was PA confirmation here you'd have a strong case for an entry. Some would have there stop too 'tight' here and place it directly under a 1 hour PA setup. Unless you know what you are doing, you're ...

james16 Chart Thread

Example of expected retrace on AUD/USD Outside Bar You can see how the 38.2% line is the most likely retrace point. (It also coincides with the daily floor pivot. ) ...but it's entirely possible still to get a 61.8% retrace. Stop would still go ...

james16 Chart Thread

I got curious. Maybe not what I thought after all... "In Like Flynn" .

james16 Chart Thread

You're kind of on the right track, but you need solid reasons for a particular retrace idea. A pin isn't valid till it is confirmed by a break. So that's the preferred way to trade pins, of course. Trading this E/J pin by retrace is just not on, in ...

james16 Chart Thread

I remember that one. He was talking about a specific moment that someone had posted about. Not the pairs entire history. They called one formation a pin-bar (without posting a chart from memory) and there was nothing anywhere near being a pin in ...

james16 Chart Thread

NF will tell you the same thing... Not balls. Just knowing what strategies work where. Quite a few of us got in at the 61.8%. Mine was a split 38.2% and 61.8% set.

james16 Chart Thread

How much of this thread have you read konobe? What other trading have you done already etc? Read up whatever you can about Martin Pring's methods, and as much as you can about Technical analysis. Concentrate on methods that involve pure price ...

james16 Chart Thread

I knew you'd be on to it Jim. And 'Flynn'. I think the saying is related to the Actor's exploits. LOL .

james16 Chart Thread

EURJPY Pin ....take 2 — Eur/Jpy Take 2 I didn't take the last one. ( ...through pure a__e. ) This is a numbers game. ...You have to be in it to win it, as they say. (edit: That's the GOOD ones. Not just every PA setup. ) The first one ...

james16 Chart Thread

All the reasons you mention as negatives to trading daily are exactly what a new trader should be learning to deal with psychologically anyway. There are plenty of brokers now that offer 1c USD per pip (and even less). Learning on Daily ...

james16 Chart Thread

EUR USD BUOB trade example update — Ding Ding Ding Ding!!! Alert hit. (...and Bundy rudely awoken. ) Profit taken on 2/3rds of position and, for those who wonder about trade management still, a good place to move the stop (in this case) ...

james16 Chart Thread

Set an alert for 4825 . 4830 actually a level I was watching for another reason. Had other plans. Didn't realise there was another reason. lol

james16 Chart Thread

How are you going with that one? Keep in mind that strong momentum is like a big ship trying to change directions G. Any type of PA that you use as a reversal is going to hit those lower fib retracements quite a bit. More often than not, anyway. Set ...

james16 Chart Thread

You know, all this time I thought Jim's bar definitions were more strict than a candle patterns on outside patterns. Looking at his post again I don't know how I got that impression. lol I certainly prefer an obvious outside range myself anyway.

james16 Chart Thread

It's better to have the close completely below the previous bar and I certainly prefer that close to be as close to that NEW bar's low as possible. The close being in at least the lower third, and preferably, lower quarter or better. There's a ...

james16 Chart Thread

WOW . I totally missed that one. Should edit my charts eh? LOL That actually makes it a lot more convincing. Edit: Even before that, I was already happy with my original trend line. It was there before we hit this area.

james16 Chart Thread

Good position Verses Excellent Position — EURUSD Charts First chart shows daily bars. Current Outside bar is placed at OK confluence... * Trendline (derived from 'close' priced line chart) * 76.4% Fibonacci retracement. Drawn from December ...

james16 Chart Thread

LOL I've always handled mid to long term equities positioning using a "bargain price" --> "Chart Buy" method. If something has a good outlook (at my discretion) with bargain fundamentals then I don't care where other markets are heading. Why not? It ...

Wall Street close watch

You come from the same place a lot of us successful J16 converts come from. James has a knack for teaching and reaching. Which makes sense. He's "been there" and knows how to communicate his empathy. And knows how to use that skill to help those ...

james16 Chart Thread