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- Possmer replied Jun 24, 2010
ATC, I also have a full time job that doesn't allow me to micro-manage my trades. Currently, I use a break even EA on my James 16 trades. You can search for one on FF and probably pull up a few different versions to use. Also, you should be able to ...
- Possmer replied Jun 23, 2010
You guys are all awesome...I thought I knew a few things, but It sounds like the overwhelming preference is to wait for the bar to break to force the price to prove it wants to confirm the pinbar's intentions.
- Possmer replied Jun 23, 2010
Thanks, Mike - very insightful and all valid points that I need to think more about.
- Possmer replied Jun 23, 2010
Novice, All of the trades I took yesterday (and since I started my demo) have been based off of J16 setups on the daily. I'm also watching the weekly, but haven't seen any setups yet. To clarify, I am looking for PBs that bounce off of S/R levels ...
- Possmer replied Jun 23, 2010
So, just clarify - I'm in the early stages of the 3 month demo. My strategy thus far has been to take all "decent" looking PBs on the daily. What an educational experience! Yesterday I took several, and it was quite interesting to see which ones ...
- Possmer replied Jun 22, 2010
Great advice, thanks.
- Possmer replied Jun 22, 2010
Anyone take this AUDJPY short trade on the daily? I took it right at the 79.70 level - didn't wait for the bar to break the low of the PB (I know it's technically not a pinbar). I then set my stop at breakeven in the blue box area, about 30 pips ...
- Possmer replied Jun 22, 2010
1.09 looks like a higher probability long setup (with proper PA) with confluence of 61.8% fibo and 365,200 EMAs compressed. Disclaimer: I am not an expert.
- Possmer replied Jun 21, 2010
There is some confusion regarding this bar! I think my originally commentary was incomplete/inaccurate. It is a BUEOB (not sure if that is the acronym). This could still be a valid long setup with such strong support. However, the fact remains that ...
- Possmer replied Jun 21, 2010
Not a pinbar on my charts (FXDD). This appears to be due to the gap that formed over the weekend. I can't give any expert commentary on this, but wouldn't this be suspect because the PB is a result of the gap being filled?
- Possmer replied Jun 21, 2010
Sorry for the confusion - I live in MST time - market opens on Sunday at 3 PM for me. Is it best to reference GMT time when posting?
- Possmer replied Jun 21, 2010
Thanks for the feedback, Mike. 1) 90.00 is definitely a big round number that should be respected. 2) Is that bar an IB because the body is inside the prior body, or because the high/low is inside the prior high/low? I've heard it analyzed both ways. ...
- Possmer replied Jun 21, 2010
Starting the journey — Hello all - I've been studying James 16 off and on for the past year. After lots of failed attempts at other methods for the past 2 years in forex, I'm coming back to what I believe now is the best way to eventually make ...
- Possmer replied Mar 2, 2009
Great Thoughts — Pipsqueak4x, Thanks for taking the time to share your thoughts regarding diagonal breakouts, and also for attaching that indicator. I will certainly take your advice about understanding what the indicator does thoroughly. I've ...
- Possmer replied Feb 28, 2009
thanks — Thanks for the thoughts. I've studied a bit of Tom Demark's material.
- Possmer replied Feb 26, 2009
Fair Enough... — I'm looking for a fair exchange of trading rules for the development of an EA. However, given that this is my first post (even though I've read a lot of threads), I guess I'd probably be the last programmer someone would want ...
- Willing to build a Fractal Trendline EA
I have recently learned how to programmatically draw fractal trendlines. I'd like to build a ...
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