james16 Chart Thread

I agree with Mike on this last part.

PA can and does work beautifully in choppy markets but I have found you have to adapt your trading style somewhat e.g. taking profits at predefined targets rather than trailing.

Profitable movements in markets like dollar/swiss and euro/pound are far harder to hold onto than a nicely trending market like pound/yen.

I don't believe it's pairs, it's phases/waves/whatever.
USDCHF has had some seriously "easy" to hold on to trades on daily with nice moves and it's had some chop chop chop. There's the same messy periods on GBJPY(actually I see a LOT of that on this pair when I look at daily) and others, too. It's not constricted to pairs imho. Even the EURGBP has trended.

Hm. Rereading it, I think you meant that, too. What I'm trying to say is even a trending pair can go into corrective chop before coming back to the trend phase, one just has to figure out where one ends and one starts is the hard part

Yep, this is what I meant to say - I don't like those pairs "phases" at the moment.

P.S. when is the next video out, seeking?

Gimme a break, I made 4 in a week ;p

Or I'll put em up for syndication, sell the exclusive rights to pay per view and HBO or FOX or somethin' and only make 24 eps per year with a really predictable storyline ;p

Or put em in commercial breaks between title bouts..."Live from Madison Square Garden, it's......SeekingLight!" ;p

Think I've been spoilin' ya with that high a frequency

Gotta find something that isn't pure BS to video about again in the first place

Although I got one or two things in mind already for the next one...GBPCHF most likely, since that's the one I mentioned for a reason a week ago..

Ah that will explain my impatience...I've only seen one!!!

Does anyone remember when we discussed this EURUSD chart and I said look to the left / needs a CLOSE above 1.3684?

Here's what the updated chart looks like. Always interesting to keep these around. We've broken out of the blue box cage I mentioned back then, and as you can see yesterday's low rested RIGHT on the blue area I marked back then when saying "always look to the left".

I think keeping your charts around helps the learning and before / after.

Post was here:
http://forexfactory.com/showpost.php...postcount=5633

Sorry Wiz

Also a "nyer" to cesarnc since this is exactly what I tried to tell him over in jacko's thread.
He announced a I asked him whether he'd practiced these and known them to work for him, how he defined his entry and where he expected price to go / where his projected target was.

He just got mouthy(" I know that you know the answers."), later went on to put me on his ignore list after I called the cable thread "noise" in the 1kT thread, announced me as a "persona non grata" and went on to lose money going long on the fakout parallel on GBPUSD instead of realizing that there perhaps might be a reason I went and asked such "silly" questions.

All he would have needed to say was this and that is my reason, I also see an inside bar right at key s/r, it's a good shot at breaking up, has nice r/r since I am aiming at xxx and think it's a good trade as it fits my plan. (Just to add this: those ARE good reasons. It COULD have worked. It WAS a setup. I just wanted to hear him say it so that he had a REASON)

When I say I try to HELP I mean it. I don't ask you why you think something is a good setup to ridicule you but to make you THINK. Mike taught me you need to have a reason for what you do - THANKS MIKE! - and I think this is one of the most important things to perpetually hold in front of ones eyes.

Post and followup I'm referring to starts here http://forexfactory.com/showpost.php...&postcount=738
in case anyone is interested.

It's a great example of the difference between always being open, always wanting to learn(and realizing when someone's trying to help) and having the need to be right imho.

This is why I love this thread and the PF

Won't find that sort of behavior and reaction in either places.



<3

Take care folks

HI HP
Hope you had a great Labor Day weekend.
Are you still in with the Gbp/Jpy pair and how are you doing ?

Just because sometimes it helps to remind oneself what can happen to a trade if you LET IT.

One coulda let this one turn into a weekly trade from daily on and just give it a shot. There was also a setup along the way to add to the long, an IB on the marked s/r line after it was broken.
Would also have made a nice place to move the stop to 1.150 or so.

For what?

Well I said it might fake out and come back, wasn't that the long you were in that got you while you were out? I'm sorry that it did that

Oh yeah! LOL forgive me, I'm not with it today.

I'm long Gold now from a break of this key resistance at $675...I hope that's not a fake out too...

Hello mbqb11,
Thanks for your encouraging guidance. Hope to receive it often. I have been going through your posts also on this thread and at times there are cup-fulls of wisdom. I love it, Sir. Thanks again.

Omsai
Peace. May God be with you.

PB good for 100

another 4hr pin good for 200.... (exit 61fib)

and one more today .... so far ...' only 90'
I love to put dozens of indicators on my charts for confirmation

..... and one more
We love those cross over systems.....:

Would you please list the dozens of indicators in order of importance. Please include EAs for all and entry and exit points for all future trades. Oh yes and screens shots of each :-)

Thanks for your help!

He he he, that is sarcasm. Good stuff, caught the EUR pin myself. Stuck in the office when the others happened... Work is getting in the way of making pips.

Hello everyone!

Is this a joke or is there a real video? I've been out for sometime, so I'm sorry if it's a joke or something ...

Thanks a lot,

Fabian

The videos we were referring to are in the private forum in my journal which I made over the course of the last week to illustrate some s/r stuff and other concepts I (ab-)use in my trading.

You my man are on FIRE!