USD/JPY Trade Opportunity — Posting this a little late sorry. Trade: Short two positions at 1% acct risk each entry short @97.71 (break of one hr pin) Total risk is 2%. Potential Reward is slightly over 2%. Stop Loss: Initial at ...

james16 Chart Thread

In this case I will take this trade at the break of the pin because I want price to breach the support area at approx 4100. Hope that helps. K.I.S.S.

james16 Chart Thread

Point taken Dengzhi. However, once you understand J16 method it's all the same stuff. Simple to me because I look at it every day. The basics are there directly from this thread. Most of the other "noise" you are alluding to is created by the ...

james16 Chart Thread

My only question is about the management of the trade. When will you move your SL to BE. This is different for everyone. A recurring theme here is "not allowing a winner to become a loser". I think that you and Jaroo touched on KILLING the trade ...

james16 Chart Thread

Ryan- I just use the "perfect Gartley" pattern for a reversal heads up. I use PA first and foremost. I do not pay much attention to any other pattern like bats or butterflies. The Dynamic fibs are just for confluence. Hope that helps. ...

james16 Chart Thread

Euro/USD Trade Opportunity — Trade: Short two positions at 1% acct risk each entry short @1.4086 (break of two day pin) Total risk is 2%. Potential Reward is 5.3%. Stop Loss: Initial at 1.4260 Management Strategy: when price reaches 1.4052 ...

james16 Chart Thread

Once I graduate from newb status, I'll take off my make-up and reveal my face! K.I.S.S.

james16 Chart Thread

I see what you are saying Ryan but I think that most traders or posters here are in the early stages of learning. I unquestionably include myself in that group. I'm just now to where I can pose a halfway intelligent trading question. With that ...

james16 Chart Thread

It's been a good day trading. You are on the other side of the globe from me. I guess you get to trade the London open. K.I.S.S.

james16 Chart Thread

Hey Ryan! I think that you make a good point here. I take into account the R/R on my trades but rarely mention it when I post a chart. Granted, I have not posted many charts either as I have not traded that much in the past couple of months. My ...

james16 Chart Thread

I usually just stay with daily closes but am in the office today all day. Nice day to be stuck here as I was able to see when to get in on a couple of trades. GJ short and this one. I took a long at 1.7500on Euro/Aud. First TP has been hit at 1.7700 ...

james16 Chart Thread

I'm through with lines buddy! 18 blown accts in 5 weeks. I have learned my lesson for good! From now on all I'm using are MA's, oscillators, bands, pitchforks and grids. Wish me luck! K.I.S.S.

james16 Chart Thread

All good points Squeezy. I agree completely. We have all day to see how it closes. All of the other factors for me to take a trade have come together here. The only thing that I am waiting for is good PA for me to set up a trade. Of course, the PA ...

james16 Chart Thread

Watch List — I have been waiting on this pair to give me a good long signal. Is today the day?

james16 Chart Thread

This is an update to a trade I posted that I would take last night. My first TP although small has been taken. I'll move the other half of my trade to BE now. I would love to see this one move well into the 1.2700 area. K.I.S.S.

james16 Chart Thread

You haven't missed the train yet Hook! Let's see if she breaks. I'm goin' to bed. K.I.S.S.

james16 Chart Thread

AUD/NZD Trade Opportunity — I will trade long at the break of this pin on AUDNZD. First TP and move rest to BE @ 1.2593. Second TP anticipated around the 1.2721 area but I will watch PA for that decision. K.I.S.S.

james16 Chart Thread

No Trade — I know that this is "old news" but I wanted to follow up on the possible trade opportunity on GBPUSD from a couple of days back & post a chart. First let me say that I couldn't agree more with Mike that this was an "iffy" pin bar. ...

james16 Chart Thread

LOL!! K.I.S.S

james16 Chart Thread

....or both. K.I.S.S.

james16 Chart Thread