That isn't a fake out bar by any means. Not quite sure what you're looking at g.

james16 Chart Thread

Bamm! That coming from you makes me feel real good. Great identification of deficiencies on that one g.

james16 Chart Thread

Not to forget the 9000 BRN g.

james16 Chart Thread

Could well be. Its very hard to imagine any real trading going on dead in the middle of the holiday period. You're right in that it failed to attract any real order flow but is it because the pros aren't interested in buying or is it because the ...

james16 Chart Thread

We'll be right here and continuing sharing and learning from each other keeping the true spirit of this thread alive g.

james16 Chart Thread

Hey P, Like I said, I have no arguments against close levels, but I just prefer the highs and lows more not because I am in love but because I have seen them work for me. Happy holidays and a new year everyone. Also a great Christmas to those who ...

james16 Chart Thread

I refrain from trading during Christmas holiday period till after the first NFP for the new year. I have had some pathetic experiences of trading in low volume / holiday environments due to the irregular volatility. Its actually good that traders ...

james16 Chart Thread

good stuff. g.

james16 Chart Thread

I am not quite sure what you mean by "actual levels". Through your chart I am guessing you're referring to the bar close levels. image What's important about the 1.48181 price here? It marks the highest traded price before price turned around ...

james16 Chart Thread

Sorry I missed your post. This is brilliant! Too bad we are so close to the holiday period. G.

james16 Chart Thread

hey Fx, Great to have you here I see quite a few things that could get you in trouble there. For your learning, here they are: 1) Small BUOB compared to the strong down move 2) Not off major support (missed the 9350 PPZ by quite a mile) 3) ...

james16 Chart Thread

This was riskier than the initial bullish fake out that occurred off the lows. The lows were more defined as a support zone (PPZ) and the lack of momentum to the downside after that bearish bar closed under the lows, was very obvious. Interestingly, ...

james16 Chart Thread

Agreed N, Just not enough of a bullish story there. Plus the notorious year end. g.

james16 Chart Thread

We have basically been in an elongated consolidation period. These periods are generally dreaded as many believe that there is more money to be made in a trending market. For my method I have come to understand that it works the best in side ways ...

Mastering the Art of Trading

Any one caught the USD/MXN beauty last week? image g.

Mastering the Art of Trading

Thanks a lot bro. That coming from you means a lot to me. Hey Samir, Thanks a lot and welcome on board. g.

Mastering the Art of Trading

Hey T, Glad to have you here. Hope you enjoy your stay g.

Mastering the Art of Trading

Hey M, option 3 looks good. If you can spare some time during work to watch your charts, it should be all you'll need to manage the trade. The best thing to do would be to plan for all contingencies up front so that whichever scenario unfolds you ...

james16 Chart Thread

Yes, that was part of the very first rule book but I obviously had to move away from it due to the HUGE disadvantage of not not knowing your exposure on a trade. Sometimes I saw trades that took off to -3R to return back to profit and sometimes ...

james16 Chart Thread

Not sure what you mean by "correct close time" but if you mean a broker with close times lining up with the NY markets close time, you might want to look at Fxpro as a lot of traders here use it for their analyses. g.

james16 Chart Thread