why do i always spot these too late? live cattle. former resistance turned support - pin bar breaks it and closes above...also bounced off the fib confluence areas... so far we are up 2,075 points. (lol before seeking can say it, the risk was ...

james16 Chart Thread

as we come in just above that support line we see an ib4 form. (this is the 2nd bar to the right of that large down bar) so, since imminent support is below we would look to go long for a good risk/reward trade. if you put a buy order above that ib4 ...

james16 Chart Thread

thought i'd make an update on the eur/cad chart that was posted a while back. we're still bouncing around inside this consolidation area within the uptrend. thought this might be a good example of how to pin down a good trade for those of you that ...

james16 Chart Thread

on the contrary, i appreciate it. i sometmes think that finding reasons not to take trades is the key to success in this business! it's also a challenge because i will try to find that setup where you say - i can't find anything wrong with that" - ...

james16 Chart Thread

right, i'm going to join the rest of you brave lot and make a live call rather than post setups that would have worked in hindsight. how does this look: usd/dkk. advantages: a) DBLHC b) break of IB4 --- so two pa setups in one bar -- c) current bar ...

james16 Chart Thread

well, i lost 166 points on that weak pin bar i posted on oil a few days back. shame i didn't take james' advice and stay on demo... disappointing...especially when patience brings rewards like this... i4b...the last three doji's all pull back ...

james16 Chart Thread

seeking i love your posts. just when i think i am getting somewhere, there you are. might change my name from the wizard soon. don't feel too magical right now. lol. no, seriously, thanks for not letting me get complacent. i've lost so much money ...

james16 Chart Thread

can you hear the pin drop?

james16 Chart Thread

google. last 8 months. looking at this chart really makes a key point to me and i'm posting it here so i don't forget it. wait in the bushes with a rifle as james would say. i reckon you could have taken these following two trades in 8 months and ...

james16 Chart Thread

hi matty, yes it is the 50. i have found this ema to work well. good luck with this trade if you take it. tom

james16 Chart Thread

hi matty, good analysis on the daily eur/cad i've been watching this pair too - it's forming a tight horizontal channel within a larger channel trending upwards (see chart) the failed break to the downside has placed it firmly back within this ...

james16 Chart Thread

i like the look of this pin...this run has been a little over extended. unfortunately i don't have a longer term crude oil chart for s/r levels...this could be a gamble... lol seeking you've made me paranoid with your critique...in a good way ...

james16 Chart Thread

hi seeking. thanks for your response. i appreciate the feedback because i am still learning this pa. i guess i have found that it works so well when you take the good setups that i start trying to "see" pin bars everywhere. still, i would like to ...

james16 Chart Thread

i'm on a mission to post all my trades from this week. now usd/mxn i bet not many small traders play this exotic - i don't blame them when my spread is 80. but this move is a nice example of support turned into resistance. see how the pin bar failed ...

james16 Chart Thread

who likes to drink coffee? i hope all you forex traders aren't missing the best setups. pin bar at resistance (and look what happened to that last one on the far left of the chart) then, yesterday, a dbhlc. back to back signals like that on a daily ...

james16 Chart Thread

who wants to trade oil? 1 contract off that I4b circled is now worth $6,390 after a 639 point rise in 7 days. i was lucky i saw this even if i am only on demo still. +++++ follow up post +++++ this post seems to have generated some interest by the ...

james16 Chart Thread

a large fall today for the nzd. i find the symmetry of this three session move that started with a pin bar, really fascinating.

james16 Chart Thread

update: nzd broke as expected. for those new to this, lower line on chart was entry (5 pips below pin) and upper line is stop (5 pips plus spread above pin). for me this was a risk of 60 pips. on the one hour, this had a beautiful setup for fine ...

james16 Chart Thread

no. but to qualify, the pin bars open and close must be within the previous bar's range AND should be approximately within the first third of the bar. e.g. if it is a candle, which i personally use, then two thirds of the pin bar should be it's ...

james16 Chart Thread

check out that resistance!

james16 Chart Thread