Hehe! Hard to see on weekly but that is actually a PPZ. K.I.S.S.

james16 Chart Thread

Ok that makes sense to me FXP. Excellent explanation of the s/r area. You have to look at it as a "zone" and not a "fine line." I agree also that youi must be cautious when managing your trade. The key is how price breaks lower for me. I am looking ...

james16 Chart Thread

Hey SAS! If this pin breaks with good momentum I'll be in with an initial stop just above that 1.6113 area. I see a PPZ there. Once I'm in the trade 50 pips I'll likely trail from there by 75 or so until I get to first TP around 1.5738. I think that ...

james16 Chart Thread

I have found myself with little to do this weekend. It's been nice to just read and have some quiet time so no problem. You can google "Gartley Trading" and get all the info you would ever need. If you have any specific questions I don't mind trying ...

james16 Chart Thread

I'd like to take this opportunity to show and tell you why I don't think that it gets very much better than this trade opportunity that we see presented on Cable. Also, please do not take this as advice that you should be in this trade, I am only ...

james16 Chart Thread

I'm not a fundies trader. I'm still honing my technical skills but I'll tell you that the weekly chart is also indicating short in the very near term. K.I.S.S.

james16 Chart Thread

USD/JPY — I'll be watching this pair for reversal very carefully this week as it is approaching a strong PPZ. USDJPY has also reached major fib retracement levels. If we get the necessary price action for a short trade, I'll be looking for ...

james16 Chart Thread

That's never too "off topic" for me. Our debt to those who gave all can never be fully repaid. K.I.S.S.

james16 Chart Thread

Depends on the EA. There are several. But you have the idea. You can find the different EA's here on FF. K.I.S.S.

james16 Chart Thread

Ok. We don't trade much differently. I have another business to run as well as this one. That's why you see me post for a few days then you don't. Maybe then just use the levels that I previously spoke of as a partial TP. Some other food for ...

james16 Chart Thread

Ryan- I see your observation exactly as you do. I am not near as experienced as yourself as an overall trader, but I'll offer this to you as what I hear all the time on this thread. Higher TF PA is more dependable information as to indicating price ...

james16 Chart Thread

Just part of the learning process but I would shy away from PA on lower than daily that was created during the time of news. Case in point, that pin on EJ. I assume that is what you are trading off of. I violated this rule (my rule)today as well ...

james16 Chart Thread

If you are trading daily, you might also use some fib levels that overlap a 150ema/365ema or round number to watch carefully for a reversal. Price will not always traverse from one PPZ to another. This is how I tried trading for a while. Last summer ...

james16 Chart Thread

Congrats timf1979! I would say it's not beginners luck but well thought out PA entry and trade management that inflated your balance. What a way to end the week. Stay patient! K.I.S.S.

james16 Chart Thread

Haha! I 've been there Markmm. It took me a while to figure out how to take profit as the price moves. I'll probably tweak my management as I gain more experience. Truly frustrating when you have a great trade turn into a small gain. Depending on ...

james16 Chart Thread

Weekly E/U Chart — Looking ahead to the weekly E/U cross I see a couple of possible scenarios. The most likely in my opinion is we get a retrace monday of todays downward move. I say this because of the presence of a BIG round number 1.40. ...

james16 Chart Thread

One thing that guides me for TP areas is the ZUP(Gartley) pattern. I draw a fib from "A" to "D" and where it shows confluence with S/R or other fibs I'll take all or partial profit at that area. Another tool to use AFTER the basics of PA and S/R are ...

james16 Chart Thread

Stopped out on this trade. I still think that we will move south from here. I'll check back in a while after my 4 hr closes. K.I.S.S.

james16 Chart Thread

Seems like a sound way to manage this one to me. We all will do it a little differently Ryan. For some reason, my trade didn't get executed until today (this morning after NFP). Weird, but now that I look back, I see where 1.4086 was breached ...

james16 Chart Thread

Euro/USD Daily Chart Trade Update — SL moved on two positions to 1.4120.

james16 Chart Thread