big RN — Hi Simoncs, if we're talking about daily/weekly charts, I wouldn't call 1.31 more important than 1.3 :-) It has no sense when one avg. bar has about 200pips or so. It's just the zone where the price can stay for a while and where I ...

james16 Chart Thread

Hehe, even 70 is round nomber, isn't it? :-) I wanted to highlight this - do you think 1.3100 is more important than 1.3000?

james16 Chart Thread

Hi Mark, I'm a big believer in round numbers. Try to draw levels just on the big ones (1, 1.05, 1.1, 1.15, 1.2, etc.) and look back to the history how price reacts with such levels on daily charts. There are quite often moments of reversal. Have a ...

james16 Chart Thread

Hehe, just my 2 cents to our Absinthe, it is terribly quality but what do you think is burning on the bar? :-DDD

Jankone M5 thread

Hi Jigsaw, you're right with the thing that RSI (x) goes just x candles back :-) Still, we need two points to connect with line to consider it a divergency, so we should go back for more candles. As an analogy, if we have SMA (10), I would not think ...

Jankone M5 thread

Divergency — Hi Jigsaw, I'm interested what Jankone thinks about it but from what I know and feel, I wouldn't call it proper divergency. Reasons: 1. Divergency should be defined on larger swings, I would say at least 10 candles and more per ...

Jankone M5 thread

Hi Marcel, yes, this is just random distribution respecting the probability and amount of dollars you win or loose on your trades. So for example if you know you win in 75pct of all your trades, just put 0.75 to the probability field, if you know ...

james16 Chart Thread

FX stats — Hi Marcel, you can use my sheet... just put your "Probability of win", "Average Win [$]" and "Average loss [$]" fields and check graph and SUMx fields... Hope that helps you understand how big should be your Win rate etc. Cheers, ...

james16 Chart Thread

SL and BE — Hi, If price reaches my first TP, I don't care what time it is, just take the half and move the second portion to really true BE, it means spread is counted too :-) Anyway, this is just my way of exit, you should find your own or ...

james16 Chart Thread

Hard level 97 — Hi, Not so good on my feed. Check level 97, it looks pretty tough on lower TF. Cheers, Ajchi

james16 Chart Thread

History , scripting — Hi Alter, on daily charts, you can use brokers that provide quite big history and start with "F12 work" lets say from the year 1990 until now. I think it is long enough history :-) It will take you days to go through it ...

james16 Chart Thread

Hi there, sorry to post here with so big delay but yes, this is interesting pattern. You are not alone when you find it is working. I have read a book from L. Williams "Long-Term Secrets To Short-Term Trading" some time ago, I can advice anayone to ...

james16 Chart Thread

You're right. You just need to adjust lot size for your trades so even 10 separate positions (on one pair) means e.g. 2% of your account. And one more thing - it should tell you your backtesting if it's ok with your mind&trading style to split your ...

james16 Chart Thread

Partially closed position — Yes, you're right, it is doable but as said, you can't controll separatelly TP, SL etc so it's better to open 2 separate positions. Or if you're familiar with MQL, you can manage one position programatically which ...

james16 Chart Thread

Greed and impatience is the correct answer, I think :-) Cheers

james16 Chart Thread

Hi Leadway, he already gave it to you, to all of us. Read twice this whole thread and than you'll understand. Regards, Ajchi

james16 Chart Thread

You called it right in the first reply, it was proxy... :-)

james16 Chart Thread

Hi Hipster, if you check 4H timeframe, you'll see valid PB with nose touching strong resistance level...

james16 Chart Thread

PinBar on GBPAUD — Hi all, very nice PB on GBPAUD with closed profit about 200 pips, see PB in red circle.

james16 Chart Thread

Hi Ghous, do you consider correlations in your trading? EURUSD and USDCHF are highly correlated markets (in negative meaning) for quite long time. So it would be maybe wise to check both first to ensure it is supporting each other but trade just ...

james16 Chart Thread