Hey Jim, I say that that trade blasted through my TP. I definitely want to catch runners and will be gradually trying to develop a good exit strategy to enable this. Thanks Mark

james16 Chart Thread

The shape of the bar closed with the close well below the open, so I skipped this trade, im hoping for a better pin bar today.

TAC's Paology Journal

GBP/AUD Decade Major Support — I've been watching this pair for a good PA bar, and this is it. Its a proxy pin bar so i will take it the PB closes above the proxy bar. This the spread is quite big, but I am aiming for at least a few hundred ...

TAC's Paology Journal

USD/CHF DBLHC - Inside bar — An update to my pending USD/CHF trade, there have been a few inside bars now still within the DBLHC bars that I had my pending order against. I still believe price is going back to 1.1000 at the top of the range. I ...

TAC's Paology Journal

Ok I have this setup pending, DBLHC at low of range. I'm waiting for the break of the zone before going long. Got my stop below the bar lows and below 50 ret of setup bar. I haven't checked this yet (at work) not sure if its broken, this is a chart ...

TAC's Paology Journal

Ok, here was my first ever J16 demo trade from last week taking this quick 50 pips scalp got my SL down to 70 below the eye, so not 1:1 but im not worrying about R:R just where I see price going. (Chart 1) The trade went exactly to the pip where I ...

TAC's Paology Journal

Thanks Tom, I feel the same about yours, will try and check in here, but its too fast moving to keep up with every post. My Journal is/will be here.

james16 Chart Thread

Going to stop posting for a while on here, I think following this thread closely can take away from chart time, and I also want to complete reading thread, from the other end. Also I am working on my forum software and going on holiday in a few ...

james16 Chart Thread

I think those bar lows on the left will act as s/r no doubt, and if you zoom out its a major PPZ with price using it as resistance in Sept 08, however that pin bars nose is to short, it looks more like a neutral bar, I would wait for a clearer PA ...

james16 Chart Thread

I don't see the point in setting a stop loss which you are going to cut short anyway, just have the stop loss at the point you would cut it short. I have been doing this, rather than taking a full bar loss, I space my stops begin minor S/R from ...

james16 Chart Thread

Whats wrong with just setting a stoploss and a TP? No need to over complicate things KISS.

james16 Chart Thread

I totally agree with this, don't get to caught up in the rules of the bar i.e. ive seen people not taken a perfect setup because a bar didn't fit the rules exactly. If the bar had closed an hour later then it would have, and as expected price ...

james16 Chart Thread

Stereotyping is built into us im afraid, evolution from when monkeys saw a lion and immediatley regarded it as dangerious, not thinking "I dont want to discriminate against this lion maybe he is different". Im not saying its right, but a useful ...

james16 Chart Thread

It was just an example, no offence. Haha. so funny that you think I twisted Martin Luther Kings speech to be about race. Actually I twisted the speech to be about Forex, he actually said that about skin colour.

james16 Chart Thread

Im on page 150 of the thread and SeekingLights posts are really interesting, check them out.

james16 Chart Thread

It's tough to see the last bar or two, doesn't look like any price action setup, I would like to see a bearish pin bar or outside bar, or dark cloud cover, any reversal bar/candle type.

Silent Service Method

Going on holiday next week so obliviously sitting on the beach I need to be reading something trading related, so I ordered Prings book (I have one of his others on Technical Analysis which has a chapter on Price Patterns).

james16 Chart Thread

What are you guys using for charting stocks? Is there a free charting package that does < end of day? Is there a MT4 broker that has all instruments, FXPro seems to have a few.

Silent Service Method

I dont get that if he is so sure of his hit rate then why isnt he betting 5-8% per trade?

james16 Chart Thread