Well, for starters, Risking 1-2% on every pin bar DOES make sense. Have you heard of compounding?? To give the answer you were probably after though... "Depends on your confidence/experience." The ABSOLUTELY NUMBER ONE FACTOR is keeping your ...

james16 Chart Thread

Seeking covered it Y. I don't worry about the news. I only stay away from NFP Friday. (In fact I don't bother too much with trading Fridays at all. It's beer o'clock /wind down time here in oz by then. ) I've spent hundreds of hours back testing ...

james16 Chart Thread

Thinking in Pips is probably part of the problem. 50 pips on EURUSD is totally different to 50 Pips on GBPJPY, for example. GBPJPY can move 2, 3 or more times as much as EURUSD will average in a day. If you size your trade appropriately it makes no ...

james16 Chart Thread

You could. It's in a good position. PPZ and Fib Will be interesting to see how the daily closes.

james16 Chart Thread

Yeah, come on... Get it together fella! Don't blame you though. I'm slack with helping newcomers take the smarter route with dailies. Need someone to keep me in check.

james16 Chart Thread

I tell you what. With the strong bearish daily bars forming still, nothing short of following daily PA for exit is the way to go. Who cares if you give back a little! Will be interesting to see how it reacts to the 8660 area. I don't have any ...

james16 Chart Thread

One thing about the four hour, is it's affected by the different trading sessions. I love it for drawing my trend lines and support etc though.

james16 Chart Thread

One thing I love about a trade I've been in for a long while is the luxury of exiting purely by stop hit. ( Unless there's a strong entry in the opposing direction.) One option if I think the run is over is to bring the stop really close rather than ...

james16 Chart Thread

Ain't that the truth!! You can hit the same bump a few times too before fixing that particular problem. lol

Tiki Trader Trades

That's what I was worried might be happening. Wasn't worried about you not using stops. Was worried that you were on a "hope" run. We've all been there man. That's why we all recognised it so easily! Gotta train your brain to recognise "I ...

Tiki Trader Trades

That's correct. The pin-like bar is stacked side by side the preceding bars. It's part of the sideways traffic. It does give a likely direction, to me, but if you aren't picky with your trade selections you may as well throw random orders out ...

james16 Chart Thread

True so true.

james16 Chart Thread

(1% of account) divided by (Entry Price to Stop-Loss difference) You get quite good at doing it fast in your head after a while too. LOL .

james16 Chart Thread

I was backing up FX Chartist after it was me who started him down that path. It was you that had a thought of doubt, about his intent. (see I can do that too) Tiki can look after himself mate. Tiki, I'm glad all's good. Like a lot of people here, my ...

Tiki Trader Trades

I think the post was with concern, rather than to be negative to TT.

Tiki Trader Trades

Ezz, this is something I do a lot of. What you have to realise though, is it's more to do with learning to read resistance and support well. When you get really good at this, going down time frames isn't as important. .

james16 Chart Thread

Thanks guys. I keep heading out on these rants . Hopefully I'm not leading too many people down a different path than where Jim intends to go. I know I have some different strategies sometimes.

james16 Chart Thread

Just to point something else out everybody. These few weeks of the year seem to have less respect for even strong support/resistance levels. I remember making good money here last year, but at the same time seeing uncharacteristic disrespects ...

Tiki Trader Trades

Juuuuuuust when it's needed.... It's amazing how often these coincidences have happened the past half year or so. For now, this time looks as if the crisis is being sorted before markets open. T-man, on a separate note, I hope ...

Tiki Trader Trades