james16 Chart Thread

4X. Just my 2cents.

That is a decent divergence with a nice PB.
However, the initial one with the evening star can theoretically be counted as well.
There's no gd price level like a RN though.

Personally, I don't like trading divergences, I trade the move that comes after it unfolds rather than trying to pick a top / bottom. Unless of course the thing is screaming out loud.

I think Mike might say something along the lines of "find what works for you"?

Also note that the Dollar trend is up on all the other bigger TFs, though we're running into some heavy PPZ now.

Hope this is of some help.

I would like to say Happy Holidays to J16 & crew and mike in particular. God know you are a saint for all you do here. And to Bemac for challenging me over a year ago when i wanted to learn the right way to trade. Well if your new and want to learn you are in the right place. In 2009 I never lost one trade, so yes it is possible. I wish all a verry happy holiday and prosperous new year.

I wish J16, Mike and all the J16ers a Very Merry Christmas
And a Happy & Prosperous New Year

I definitely must join you to graduate in 2010. It will be 3+ years since I opened my first SB account . It might sound short but I was doing it almost full time. Any suggestion on patience and discipline welcome to me.
Vivement 2010 !

I wish all of You Merry Christmas <=;-)>
......Back to the kitchen

SOME PEOPLE ARE JUST TOO CREATIVE!!!

Merry Christmas to you all! And God's blessings as we roll into 2010.

I don't have the words to express the gratitude I feel to those who have helped me in 2009. As I was reviewing my trades for the year, seeing the improvement, I remembered that I couldn't have done it without the help from the regulars on this thread. A special thanks to Jankone, Mike, James, Jim, and Ryan. To Bones for suggesting I 'look into' this thread. And to TiaForex for your friendship, on and off the charts.

I'm truly looking forward to the next week, where I'll be taking some time off to enjoy the company and laughs of my family and friends. Have a happy, safe holiday season,

Josh

As we enter the big holiday season, I just wanted to wish you all Happy Holidays, Merry Christmas, and HappyNew Year.
I also wanted to say "Thank You" all and everyone for contributing as I have leared more in months than I had in previous years.
My main goal for next year is to continue learning and to contribute more as my confidnce grows and to support you in our quest for becoming independent stress free traders with PASR.

Took this aud/jpy pin bar long after a few inside bars. Here's my take on it:

Pros:
Nice long nose
Bounce off 2 trend lines
Bounce off 80.00 round number
Minor traffic with space to hit target
With the trend

Cons:
Inside a wedge
Areas of traffic to the left

I main reason I stuck with this signal was because of the (so far) predictable target zone that it gave me. The left eye of the pin also held as support with the inside bars giving me more confidence for this trade.

I'm currently a few pips in profit, but with the liquidity these few days I don't expect any sudden moves. Anyone in this? Comments welcome.

-- Danny

Wow im really not wanting to trade the rest of the year but this pin formation is just stunning ... i havent drawn it in but there is a bit of a level just above the tail too - yes into the traffic/choppy area, but BE is no problem ...

Man im sitting on my hands but im soooo very tempted ...

you also have a 4 hr dbhlc to sweeten the daily pin , Merry Christmas to all on J 16 , Gary

Or you could call it an Evening Star formation

A very Merry Xmas and happy Holidays to all my friends old and new here! Most of us will never meet yet I feel like I know so many of you so well

Get away from the charts and enjoy this time! For those that can't, I know the feeling too LOL


Mike

Happy holidays and a big thanks to everyone in here. This is such a great place and myself and many others here have come such a long way in 2009. No matter what stage we are at in our growth, imagine a year from now where we will be at if we keep doing what we do with patience and discipline.

A big thanks from me goes out to everyone for helping people out and contributing to this great thread. Thank you James and everyone else for doing everything you have done and everything you continue to do.

Happy new year and I wish you all great success and prosperity in 2010!!

Scott

Merry Christmas, Happy Holidays, and a Happy New Year to all you J16ers.

Thank you to all the old schoolers, for all your help and generosity.

In 2009, I didn't get to where I wanted, but I did learn patience, and that is a great start.

In 2010, I hope to learn to accept losses as part of the business.

May we all be prosperous and healthy in 2010!

T.J.

I would like to wish everyone a most merry Christmas.Also this is the best training school ever.I've learned so much and hope to contribute in the coming year.
I hope everyone has a great new year in 2010.

Tom

A man (MAN) calls his fx dealer (DEALER) all anxious and out of breath with this urgency in his voice. He says,
# MAN: Close all my positions, everything fast, right away.

The fx dealer tries to talk to the man but the man says,
# MAN: Let me tell you a secret. You know I've been married for 6 years now and I've been your client for 5 years.
# DEALER: Yes, go on, the FX dealer says.
# MAN: Well. My wife has this thing about the market. Her grandparents lost it all in the GBP crash and ever since then her family found investing in the market akin to original sin. When we got married I promised her that I would follow in her parents footsteps and never venture in the FX market and always leave all our money under the mattress.
# DEALER: Wow, I didn't know that. I guess you want the money because you are losing.
# MAN: No, I want the money because she ordered a new mattress and it is being delivered in two days.

I strongly believe that in 2010 very great traders will be born.

MERRY CHRISTMAS!!

Wishing you all a merry christmas and a prosperous new year in advance

Merry Christmas to you all, and I wish you the very best for the year ahead in all areas of your life.

If you notice your hands trembling over Christmas dinner tomorrow, don't worry. That's just the shakes from withdrawing from the markets. They'll be open again soon enough....

.