This may be my next trade. If it was some forex pair I think I would like the setup. Looks like it is a strong setup. MA's are 50 and 150. Strong bar, 2bottom, room to move to FTA... Do you think could work?

james16 Chart Thread

Hello DaTrader, IMHO may work as a continuation play. But they are strongest when found at the swing hi/lo. So best BEOB would be coming of swing high. In your example it is instead at the swing low ( so you may also look at it as if bearish move ...

james16 Chart Thread

I noticed another IPB today, I liked the long nose and location being at the swing high & major 2-3 top (if I can say that). However, was still a skip for me as this kinda choppy traffic below spooked me. Might still work, would keep my eye on it, ...

james16 Chart Thread

Trade idea for August 30, 2010 — Danaher Corp. LONG

Trading Journal

It is amazing to see that these concepts do in fact work with stocks too!!

james16 Chart Thread

I like what I've just said. Sounds smart

james16 Chart Thread

This is amazing human nature. When someone else has a stop you feel better... but when you have a stop - someone else feels better...

james16 Chart Thread

Another thought. Could that be so, that so many people in the world will read this thread so the method would loose its edge, PB's and rest would just stop working some day??????? OMG! I may be not a very good person then, I am really worried... you ...

james16 Chart Thread

I think I really need a journal for my forex trades too. Thinking of the best way to do it. Incorporate here? I'm afraid I would make a mess of stocks/forex..hmm

Trading Journal

To be honest I have spent my money two times on something like this. I thought oh well ok just one months salary would return in thousands of %'s.... what a dumb ass I was

james16 Chart Thread

I know this is off topic sorry everyone. But I just can't stop laughing: Take A Look At What A 5% Daily Gain From An $100 Investment Can Give You In 12 Months! If you would like to learn more about a low risk futures investment system, that can ...

james16 Chart Thread

hold on, I'm busy calculating what is my initial deposit needs to be to get to my 20 mln in two weeks or less.... (I just really need some money now).... Oh I think I'll just go with $10 and have my $2 000 000 in 12 months..

james16 Chart Thread

Look! Another ad from some mega-super-mentor service! How come they are not ashamed of themselves making such ads? - you know turn your hundered bucks into 20 million in 12 months??? Wanna join?? Just makes me sick!

james16 Chart Thread

ah understood. is like if trade moved 10 pips my SL moved 10 pips too. When trade went some distance like 30 my SL just rests at BE. Ok, I was using J16 manager just to move to BE at 30pips (so little simplier idea). I still like that idea, however ...

james16 Chart Thread

I was thinking about trailing too. Is just I don't know the best way to implement it, see FTA's are usually reached very quickly (if setup was powerful) so if you don't take you profits there price may come back and even stop you out. Yes, trail is ...

james16 Chart Thread

Yes Spookie this is exactly what I am working on right now. To get to the positive RR I was doing this: - Place initial SL behind PB. If FTA is reached move it to BE. If FTA is not reached by the next bar close, move SL behind that bar... And at the ...

james16 Chart Thread

This is similar to what xmzhang does. I'm afraid to go that way for 2 reasons: 1) That style will require all of my time to manage a trade ( 1hr=24 times to check the PC? 2) If higher time frame setup is still valid you could mess it up by paying ...

james16 Chart Thread

Understood

james16 Chart Thread

With a 10,000 account risking 3 percent per trade with a 30 pip stop on your trades will allow you 10 mini lots.Trading 6 pairs at 100 pips each for the month will grow your account to 16,000. Now why not try 50 pips or even 25. 25 equates into a ...

james16 Chart Thread