LOL!!!! 2 months trading (7weeks J16 - 18% acct drawdown in first week alone before finding this thread... up 4% now including recouping the initail drawdown!!) oh and £200 acct... definently newbie... Thanks tho!!! Tom

james16 Chart Thread

Mike, Thanks for this - I do picture myself loosing and yep it does bother me but like you say we're all human.... Hopefully I will be able to cope with this when the time comes... (Although going on recent PA - or lack of it on the dailys It might ...

james16 Chart Thread

last 11 trades and no losses (counting 2 BE here as winners if you like) - so high percentage winning rates are possible with J16 stuff!!! lets hope it continues!! On a side note I am feeling fear of loosing (as we all do) this must be harder for ...

james16 Chart Thread

bfd, I was tempted but it didn't technically close as a pin on my feed (Alpari UK) and the bar close was very close to halfway between the days high low so far from A trade. I really *wanted* to take it but knew I shouldn't - when I woke up this ...

james16 Chart Thread

SupremeChaos, Yes you are right I am effectively demoing with a tiny acct.. and nice to know I'm in good company with Mike here!! However I believe I am learning by doing no trades.... learning patience!!!! Oh and I am being productive (or at least ...

james16 Chart Thread

Daily PA — No trades on the dailys this week so far or late last week for that matter... oh well just a bit slow I guess or am I missing something? <... slips back into the reeds...> Tom

james16 Chart Thread

LVG, Not a trade I was in myself but I can see exactly where you were coming from there... (I would have been tempted to do the same myself) Tom

james16 Chart Thread

USDCAD — Was thinking the same myself... Tom

james16 Chart Thread

Bakko85, I didn't realise you could get MT4 on the iPhone... I'm running it on my old trusty Windows mobile over GPRS... <..shakes head..> The wife has an iPhone she hates and has broken the screen (not bad still usable this time!) for the second ...

james16 Chart Thread

USDCAD — verno, I have been looking at the same potential trade on the daily chart. pros... possible pin forming at good long term PPZ quite a bit of space to run potential for a good TP (top grey area) (38 fib confluence here as well) cons ...

james16 Chart Thread

Mark, Enjoy your holiday!!! Don't stay away for to long - I for one enjoy your posts and insights!! Tom

james16 Chart Thread

Ghous, Respect for posting losing trades. like I said in my previous post I often think its these we learn from as opposed to winners.... thanks for sharing Fat Tom

james16 Chart Thread

Ghous, Thanks very much for pointing this obvious one out (I'll get my coat...) I guess I just saw the consolidation and didn't put much weight on the longer term action Thanks again Ghous...!!! Fat Tom

james16 Chart Thread

Tac, I'm with you on this one - we shall see how she plays out though... interested to see if it does go long - DBLHC at previous daily support - thats the trigger - classic J16 as far as I can see. The twisted part of me would like to see it go ...

james16 Chart Thread

Pipfox, and neither it is and the reason - the 'other' pin I didn't like and you've helped me quantify it! thanks! Fat Tom

james16 Chart Thread

Cable pin — Folks, quick look at the cable pin My take on it.... Pin is in a good area and reasonably well defined. Previous bar is an opposing pin - but maybe this is just a side effect of trading in consolidation zones.... not sure - not ...

james16 Chart Thread

ZZZZZZZZZZZZZZZZZZ (5 past midnight UK time...)

james16 Chart Thread

Hope that the pin had hit your TP or at least the point where you have moved stop to BE? seriously though I would be looking to get out of the trade I think at that point... unless the pin is very small compared to the trade pin that is... ...

james16 Chart Thread

I know what you mean!!! I had 12 days a few weeks back with no trades (only doing day charts) Then 4 in one day including a cheeky USDSGD! Can't force it we must wait... Fat Tom

james16 Chart Thread

I tend to agree I will analyse the trade first with SL, entry, TP (subjective as above) then if the R:R ratio is poor I will consider not entering the trade. Having said that this is all subjective as I have entered (and won) trades with a R:R ratio ...

james16 Chart Thread