james16 Chart Thread

hello forex098...
if i may...
i think this pair is just about ripe for an upmove.
i've mentioned in the recent past that i see possibility of 1.58 - 1.60 sooner or later.

IB/I4B-wise, u can put a buy stop above the previous candle high & sell stop below prior candle's low.
u can alternatively wait for PA, say a nice PA setup as 1.5600 acts as support. or a bearish PA down below this IB.
....or a PA setup on a lower timeframe.

it really depends on your taste.

Hello Scot,
nice to see u again..

i prefer gbpusd over this one.
eurusd may have a chance to reach 1.298ish - 1.30 or more. but i would be very careful & alert as price trend has been down, for the whole week prior.

Supreme how you been still in P.I.?
Yea I'm gonna keep it on short leash

Here's a quickie 1H BEOB with 4H PB at intraday R >>>>MA and story shows lower to me ...look at the 4h BEB a few bars ago

doing pretty fine here,thanks!
that weekly pivot of yours looks tasty, though who knows, hahah

let's see how both pairs end up today.

yes, me. but be carefull cuz this pair is in a severe downtrend.
what about a pullback to 1.300 and then down? well, just a thought. let pa do the talk!

looks good on weekly

yes, wcg is moving higher. currently up 55 us-cents. i sell 1/3 of my position here and move my stopp to 30.92 usd.

This one may have more momentum let's see.

Great work on this thread. I follow it a lot but am still learning.
I would like to know if its possible for somebody to trade stocks and futures being as far as i am from the US market.
Stocks are really affected by speculations and my only source of information is the internet unlike most of you in the developed world who are swarmed by media outlets.
Is it possible for me to stay on toes with the internet only and be able to be trade stocks like the rest of the developed world and be able to turn a profit?

The further away you are from the media outlets the better. That stuff is 99.9% filler junk

Welcome to the thread mwafrika, where are you located

Mike

4H looks good too now

In Nairobi Kenya.I find technical trading great for forex especially for day trading but stocks to me are really affected by speculation which i my opinion means you must be well informed to trade.can you trade stocks purely on technical analysis like forex?

Mwafrika

Very cool, amazes me how far this stuff reaches.

Yes you can, although stocks seem much easier and smoother from a weekly perspective(cuts a lot of the noise/gapping/etc)

Best
Mike

Yea... Looks good to me as well...

There is a good Trend Line also. But I see FTA at 82.75. Let's see how this goes.

0908

german volkswagen created a bull flag. these pattern tend to break in direction of the previous main trend. same here. has more upward potential.

Thank you SC for your encouraging post.
That’s what I’m talking about when praising mentality here. My very first post with a request dedicated to one of the posters, and I immediately receive a welcome post from a senior member, whose posts I studied, analyzed, marked as important ones waiting for reread etc.
That is why I love to be here apart from the huge stuff.
I fully agree with the Big Guy when saying, treat this like a business, otherwise you fail. My situation is a bit different anyway, because I am 54 and I do not need Forex for keeping my family or helping my children to start their own life. I need Forex, and I am not afraid to declare it, because I love it, because it is my hobby. One can be very devoted to her/his hobby, and I am. The point is that I love what I do regardless of whether I do it for a living or just as a serious pastime.
I’ve been learning J16 method and reading this thread for almost half year now, having already spent more than 1 thousand hours here with you. I was one of the few hundred thousand lurkers who spend more or less time here, most of them will never post, just listen, learn and who knows what will happen to them. Most of them quit trading I guess, too much effort to invest, but some of them become a successful trader, preserving anonymity.
I’ve already gone through the first 2350 pages and follow the tread live from page 4900. I’ve read the advice several times from senior members to newcomers during the first few hundred pages saying that: come on, read the whole thread, if you want to know the method. It is almost impossible now, I mean to read all posts from the beginning, and anyway, I try to do that, but of course with notable selection. I mention this, because I think many of the newbies suffer from the same problem: how to begin. Some ask questions without the basic knowledge, some quit, because find this foredoomed to failure. When reading the thread I save the number of posts that are of vital importance according to my judgment. I might be wrong, of course, but this selection can be a very useful tool and can save hundreds of hours for new members. I will post the selection of these post numbers covering the first half of the thread, soon.
Those, who have joined this thread recently, should know, that this will be a long journey, a very tough one, but worth taking it. Funny to hear it from me, because it might happen, that I will never become a successful trader. Anyway, I can judge after 1000 hours intensive work, that the method (I wish my English was better and I could find a better word for what we do here) is simply the essence of currency trading. I’ve also tried several strategies found in the internet and other forums, spent a lot of time studying sophisticated indicators, but what I did with their help was pure gambling. J16 method is a carefully selected arsenal of tools that help you understand the market. That’s the one and only objective of trading, getting meaningful and understandable answers to your questions. What do we do when open a chart and start analyzing the market? We ask questions. Where is that bar heading, North, South or just hesitating which direction to choose? The answer is always there on the chart. Sometimes it can be read or heard clearly, sometimes the noise overwhelms the response of the chart. That’s what we have to learn, to hear what the chart is telling us and do not do this or that, if the answer was not apparent, rather, to ask again and again, maybe later the noise is easing and we will hear what the instruction was.
Thanks for all the contributors.
Oops, too long, sorry. Simply skip this post.

my second trade of 2011.

I hope these two charts don't need any more explanation that what is on them. Risked 0.5%

FIRST CHART IS WEEKLY, SECOND CHART IS 4 HOUR ZOOMED IN TO SHOW ENTRY.

a nice intro post, thanks for sharing

Welcome Hup , I hope you will continue to post

Mike

My FTA would be here

very good john

here was a chart I emailed someone