james16 Chart Thread

Quoting Hiten123

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So here are my charts for the above trades I'm considering. {image} {image}

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Quoting Hiten123

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No mate, can't say I've ever heard of COT reports, but if it's another bit of confluence then it's good to know it's in favor of GBP long.

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Quoting mbqb11

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Hey Mak Well done on your S/R levels. That's really going to be the key as you progress forward. I'd like to see a stronger confirmation bar myself(I am picky that way). But your plan makes perfect sense. The level we are at now is very strong as well and makes for a good target or as you did protect yourself. Just keep track of your PA bars as you go along Great job for a new trader Mike

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Quoting makwana

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Cheers Mike for the words of encouragement. Already learnt so much through the thread and just putting my thoughts on the thread to confirm the trades as well as learn from you guys For a newbie would you recommend only watching out for the main PA patterns i.e BEOB, BUOB, DHLC, DLHC, PBs and IBs as well at the major fx pairs or would also recommend other pairs or PAs to look out for? To be honest, i'm finding the IBs slightly harder to read thus staying away from them for now but just observing them for now. Once again cheers for the feedback...

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Quoting mbqb11

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and todays updated chart If you are killing yourself out there with 50 trades a month, try searching for a handful of these a month(like the eur/cad D posted too). You won't look back many of you {image}

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Quoting 45drive45

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Hi, I just joined the PF yesterday. And you guys MUST be kidding with the amount and quality of material there! Looking forward to my first webinar.

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Quoting LamerTrader

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EURUSD Mike had a nice trade on EURUSD. I missed it due to university stuff, but I would like to analyze the whole setup- and the events that took place before. (And please tell me if I’m right or I just made up some random nonsense.) {image} We had this “head and shoulder” (H&S) formation but there wasn’t such a strong PBT&CB at the end of the day. However Price formed a BUOB. As a “Beginner Jarrooer” I would have put my pending order right on the Line. Next day price goes south – it’s not a tiny bar so for...

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Quoting ghous

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Hey drive, Glad you're enjoying it. The new site promises to be a lot more fun and its on the way!! Feel at home and do not hesitate to ask questions or seek any kind of help. cheers, g.

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Quoting mbqb11

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I recommend watching as many pairs/markets as you can. This allows us to be really picky and just spot the best setups. This is still what I do myself. Watching too few pairs usually leads to forcing trades especially when sticking to the higher timeframes as per the j16 minimum requirements Hope that helps Mike

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Quoting mbqb11

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Ah yes but then their is also a difference b/w maximizing your profits and also smoothing out an equity curve. There is always a trade off. I have chosen over the years to give up PROFIT, yes profit in order to smooth my equity curve out. So it might mean less profit but it also means smaller drawdowns and a smoother curve which is worth the trade off for me. Some it might not be. it's always a balancing act and their is no one right answer. It's what is most comfortable for one. The thing is I see failing trader after failing trader who think one...

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Quoting 45drive45

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Hi, I just joined the PF yesterday. And you guys MUST be kidding with the amount and quality of material there! Looking forward to my first webinar.

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Quoting sandrutza

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Hi again, I am going throught the material taught here and the guest material on James16 site. I think I am starting to get it. I am watching GBPAUD right now, looking for a potential buy. My thought process: - On GBPAUD D1 price broke out of the consolidation box and is now testing the upside off the box which is acting as a PPZ. - On H4, there is a potential PB forming at a confluence zone bwteen the PPZ the 150EMA and the 50% Fib retracement. If the current H4 candle closes as a PB, I was thinking of placing a buy stop 10 pips above the...

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