James16 thread, I read that a long time ago. I'm sure it has helped many a trader
I trade very similar to yourself but on daily/weekly timeframe. I suppose using old J16 terminology my trade entry would be classed as a touch trade (Don't know if they still mention this method as if I remember rightly only 1 or 2 peeps did this, most waited for a candle to confirm entry)
My entries will always be at a round number or .25 / .50 / .75 on the daily. I use the weekly chart to gauge overall trend direction. As we all know trade with the trend.
Only have 1 open trade atm so will show my chart. thin blue line is my daily 'PPZ' and thick line is my weekly 'ppz'
I placed an order 0.9325 short after 25th Julys candle (wnet through previous support and now became resistance ie james16 ppz)
ps I know it is currently a winning trade, it just to show my chart and my entry. People who post charts after the event annoy me hehe
I trade very similar to yourself but on daily/weekly timeframe. I suppose using old J16 terminology my trade entry would be classed as a touch trade (Don't know if they still mention this method as if I remember rightly only 1 or 2 peeps did this, most waited for a candle to confirm entry)
My entries will always be at a round number or .25 / .50 / .75 on the daily. I use the weekly chart to gauge overall trend direction. As we all know trade with the trend.
Only have 1 open trade atm so will show my chart. thin blue line is my daily 'PPZ' and thick line is my weekly 'ppz'
I placed an order 0.9325 short after 25th Julys candle (wnet through previous support and now became resistance ie james16 ppz)
ps I know it is currently a winning trade, it just to show my chart and my entry. People who post charts after the event annoy me hehe