james16 Chart Thread

Also how much experience should one have with the basics from this thread before joining?

yes.Dukascopy.No a couple of years working with them have learned many tricks that sin brokers.
Due to poor knowledge of English only to within opishu.Vsya work with them and their flocks are described by me in their official group VKontakte.

Yes. also on EURUSD agreement to 1.10 but I think that before you have to fall much high fly.

You don't need to know too much of the basics of this thread before joining as, it is all laid out in the PF, in text form and videos. Anything related to this methodology you don't know, you can ask and no doubt Mike will answer in less than 5 mins. Don't know how he does it.

You should know the basics about trading though, I mean if you don't even know what a Fibonacci is or an open and close of a candle is, it is probably better to go over to babypips and do the free course there.

If you understand the basics of trading, you will be fine.

LET THE COUNTDOWN TO THE NEW YEAR BEGIN ★ ° . .　　　　.　☾ °☆ 　. * ● ¸ .　　　★　° :.　 . • ○ ° ★　 .　 *　.　. 　 ° 　. ● .　　　　° ☾ °☆ 　¸. ● .　　★　　★ ° ☾ ☆ ¸. ¸ 　★　 :.　 . • ○ ° ★　 .　 *　.　.　　¸ .　　 ° 　¸. * ● ¸ .　　　　° ☾ ° 　¸. ● ¸ .　　★　° . • ° 　 .　 *　:.　.　¸ . ● ¸　　★　　★☾ °★ . .　 °☆ 　. ● ¸ .　　　★　° .　 • ○ ° ★　 .　*　.　 ☾ ° 　¸. * ● ¸　° ☾ °☆ 　. * ¸.　　　★　　 YOU HAVE BEEN Sprinkled with BLESSINGS of PEACE, LOVE, HAPPINESS and GREEN PIPS! NOW ... PLEASE ... GO FORTH AND SPRINKLE OTHER PEOPLE TOO!★ ° . .　　　　.　☾ °☆ 　. * ● ¸ .　　　★　° :.　 . • ○ ° ★　 .　 *　.　　　　　　. 　 ° 　. ● .　　　　° ☾ °☆ 　¸. ● .　　★　　★ ° ☾ ☆ ¸. ¸ 　★　 :.　 . • ○ ° ★　 .　 *　.　.　 A HAPPY NEW YEAR TO EVERYONE AROUND THE WORLD - MAY IT BE YOUR BEST YEAR YET ♥

Well Mike is not like you and me. There are 7 kick-ass Mikes around the world - ready to answer any queries any time of the day.

Hey Stock

The other forms James accepts is a western union. As for experience there is no set level as we do everything from beginner to more advanced. I do always recommend people spend some time here reading the first few hundred pages and watching the free videos so one understand what it is we do. If you have more questions feel free to ask

Best
Mike

hahah not this week, Flu got me good. First day I am feeling better, luckily this is a slow week

and we always have so many ready to help as always, what makes this a first class act to be apart of

Happy new year bud
Mike

Deleted for the sake of world peace.

With the comment SPEAK FOR YOURSELF!

Just couldn't resist that.

Mike, u said u have about 10-15 trades a month. Do you show all your trades in the PF? And do you still trade Inside Bar ?

Hey Joe

I show a great deal of them in different ways, webinar/video/my side of forum. As for inside bars. I have the occasional one, but I don't trade them much. They don't really fit into what I am trying to do at this point in my trading

Take care
Mike

I am not a Facebook addict but I wish FF had a "like" option.



g.

Eur/usd long! Long! Long! big long!!!

Czesc Karus123

Just be careful not to ignore:

- trading into resistance/support levels
- 1.300 BRN
- and the overall downtrend

I'll be watching this on the side lines. But that's just me.

I agree with 5.25 here, it could just bounce back down to the lower channel area. If it breaks through and pulls back with some bullish PA, it may be interesting but, we will be into the New year holidays by then.

from floppy to abacus... nice avatar.

what's next? stones?



Happy new year all!

hi Mike,

While reading this thread, I noticed that you play the BO of consolidation boxes many a time and also I heard you saying that they are very good setups because they are trend continuation pattern. I have some questions regarding this pattern and if you can help me that would be great.

Recently there was a BO of the consolidation box on the daily EUR/AUD and the BO happened on 12/20. I have attached the chart, where I have shown the box and the immediate trouble areas after the BO. I am a newbie and I don't know how to directly post the chart picture on thread, so I have attached the chart for reference purposes.

Here is my understanding on how to play the box BO pattern. Please correct me if I am wrong
1. First look for a valid box pattern and wait for that Breakout in the direction of the trend.
2. The Breakout bar should be PA bar like BUOB/BEOB.
3. Then place an entry below the low if its a BEOB or above the high if its a BUOB.
4. The next bar would most probably test the Box and then flow in the direction of the trend.

Now coming to the setup that happened on 12/20 on EUR/AUD daily.
1. The box was clearly identifiable in the daily chart
2. The Breakout bar was not a real BEOB, but it was still a very long negative bar (sellers were in very good control) and closed @ 1.2975
3. Following the BO, there were immediate FTA1 at 1.2965 formed on 12/08 and 12/13
4. Following that is the FTA2 located at 1.2930 formed on 01/10 and 07/28
5. This pattern worked fine and the PA went further down in the direction of the trend

Now I have some few questions.............
1. Is it a good idea to take these Breakout bars, which is not a real BEOB? My criteria is to look for BEOB during these kind of consolidation boxes. Since this was not a real BEOB, I didn't take this trade.

2. In this case, the nearby FTA's (FTA1 and FTA2) were broken and the price went further down. Is it a good idea to play these kind of BO bars which have their FTA's very nearby?

3. would also like to know......whether you would play this kind of setup and if so, how would you manage this setup?

Sorry for the lengthy post......
I am not able to show all the information in the attached chart, but if something is not clear please let me know

Thanks
vyky

Happy Holidays...

LONG!!!

I know we dont trade news BUT the news pertaining to the Euro is the biggest currency news since the introduction of the Euro.

The news for the Euro does not look good so be very wary of going long on Euro unless we see some good news come from the zone or you're scalping lower TF.

I will avoid that setup. I do not believe the EUR/USD is turning. Could be wrong tho.

Thats a very good point.... i'll be looking for opportunities to get short so will be eyeing this keenly for retracements to good short levels