Just look at the daily chart at 0600 your time. From 0630 on things will start to shuffle, you should plan your strategy before that. Most asian sessions are quiet - so either look at the chart before going to bed and some of the 4h formations or do ...

james16 Chart Thread

My, that oil is really going. Who'll believe in 70$+? *raises hand* And since I'm bored, another Raczekfx tribute on the small timeframes

james16 Chart Thread

4h PB setup. Allowed one to pre-empt the daily inside bar breakout if one had kept it (HOLD YOUR TRADES). 30 pip stop if you were patient and daring enough for a retrace, moved out >110 pips so far. Together with the other 4h PB trade WITH THE TREND ...

james16 Chart Thread

Why It Pays To Hold Trades Episode 4 - Conclusion — And to finish it off with the nuclear Pip Holocaust - the EJ A-Trade. 700 pips for holding on to this from an inside bar 130 pips big. At the very least - 5 times your risked amount, if you ...

james16 Chart Thread

Why It Pays To Hold Trades Episode 3 — USDCAD - have been watching this one closely. Tons and tons of chances to go short on this one, doesn't really matter which high you took - there were 200-400 pips in this with patience, easy. Again - ...

james16 Chart Thread

Why It Pays To Hold Trades Episode 2 — A small cable example - please note what this ONE trade could have done to your account with 2% risk at the size of that 4h PB. Stop size around 30 pips, moved 200, imagine closing at +180 -> you get 6 ...

james16 Chart Thread

Why It Pays To Hold Trades — Okay, since I want to clear this up for anyone asking as well as for myself in my own trading - here's a mini-series on WHY IT PAYS TO HOLD TRADES!!!! So next time when you enter a trade and go panicky after 50 ...

james16 Chart Thread

That's a really nice looking chart! These type of setups always make me wonder if people like Raczekfx got in at TL touch and just kept on holding on for quite some money If we at least get back to 50% that should mean another nudge for USDCAD ...

james16 Chart Thread

The gimp. Yes, that's the real name. But I'd just use any MT4 demo and the text labeling and tools from that.

james16 Chart Thread

Don't see that BEOB. I got a PB at the low. Same story as on USDCAD in effect(also pinned). USDCAD doesn't have such a nice channel however EURCAD is an unknown entity to me, but I spent a minute alone with it and this is what I can quickdraw ...

james16 Chart Thread

Would like to refer again to the things I posted here a few posts ago url Scaling out SEEMS good and FEELS good, however it usually doesn't DO good. I know there's tons of stuff written on pyramids and scaling and whatnot, but about the only thing ...

james16 Chart Thread

This is the reason I don't touch commodities. Gold can be played via Kiwi/Aussie proxy, oil reflects in USDCAD but is also one of the few exceptions of not gapping monstrously on my charts. At least on FX when you get weekend gaps, you can assume ...

james16 Chart Thread

I'm not sure, but I believe there was a 4$ oil spike when some Iran news hit the market and price shot up in a heartbeat, just to settle back down when it turned out it was unsubstantiated or something like that. There was even a Reuters or some ...

james16 Chart Thread

Heya Steve! Here's me scratching my head... You went long GBPJPY and short USDJPY => you went long GBPUSD. (bought GBP, sold USD). Now admittedly, that worked out nicely(because GJ will offset/outdo the rising USDJPY), but I don't see why you would ...

Steviet's Live Trades!

Former Resistance -> Support. Posted this on charts probably a few hundred times Also have titled some occurences of this phenomenon the "retrace bus"...price comes back to pick up stragglers one last time before taking off.

Follow the trend!

Because it is by far too inefficient to reinvent new levels every other day. And why would one? Market's worked fine so far with the old ones. In fact I am a believer in (my own) the theory, that there is ONE 1000 pip grid that simply gets overlaid ...

Follow the trend!

I'm looking for signs of bullishness and the most likely outcome for me is a rise back up. Theoretically a return to 63.30 and then a retest of the low we just established at 61.25ish looks good to me. Going simply from Gold patterns and general oil ...

james16 Chart Thread

Please don't take this the wrong way, but I know these questions all too well. These are gigantic signs of a) being afraid to lose (more money) and b) not trusting anything until somone hands you a signed written form saying "this will never fail". ...

Follow the trend!

Hi. Just wanted to give a very quick reply before I go to sleep, already running way too late. You answered your own question, no? If it touches the trendline, that's your dip. That's your buy. If you're timid, wait for a PA setup or for price to ...

Follow the trend!

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james16 Chart Thread