Now 2 strictly daily setups - a failed BEOB that turned into a DBLHC with the next bar. This is a CLASSIC example of how BEOB entered on "break" are NOT a good idea instead of retrace. This is now fast becoming my personal conviction. They can and ...

james16 Chart Thread

Daily view of the weekly retrace

james16 Chart Thread

Yes, it was mayhem... Closed out my stuff as well. Scalped some small pips on cable, lost enough on EURUSD, didn't get much of the crosses action. I did however manage to catch a nice oil trade. I'm gonna post some pictures because the basic price ...

james16 Chart Thread

If we've just ended a wave 4 down after a wave 3 up to our last 1.9913 high, then we just made the first wave up of a beginning wave 5....might do a wave 2 retrace down, then a wave 3 up next, aiming at that so much sought after 2.0. Maybe not all ...

Daily Cable Analysis

Saw the 0 rejection, too. Coincided well with 2x 4h bars that made up a pin bar. Only took 6 pips out of it :S Shoulda stayed in, had a lot of things suggesting near 1.3. Oh well. Nice system, keep up the great work =)

4 Hour Strategy (MACD)

Well, there it is Bundy, did you catch the TL ride? I'm currently waiting for the retrace to enter.... Btw, that EURUSD rise coincided with the USDCHF 4h bearish pin bar...I shoulda been in that trade :S Just like the 1h +4h EJ PB....momma mia, ...

james16 Chart Thread

There we go Also cable is doing a 2x1h pin off Bundys TL, someone call him, quick!

james16 Chart Thread

I'm starting to think the pairs are timeshifted. I.e. cable got a timewarp with the hike and went into the future. USDCHF also a bit thanks to EURCHF. Now EURUSD may be ready to make one last high near 1.3 from here and then perhaps do an ABC lower ...

james16 Chart Thread

Targets for that short, including small TL Mouteki logic Plus that 4h EMA you know. But if the count is correct the C down we're in should go to either FE 61.8 100 or 161.8. I'm assuming EURUSD and USDCHF will do a similiar dance. Aiming for ...

james16 Chart Thread

Totally agree about the cable thread... I went long at 1.9612 at the daily Dragonfly doji/PB, cut the long at 1.9650 and 1.9660 and reversed at 1.9650 as there was a retrace to the 1h pin bar open/close. Price will do this a lot of times. I've also ...

james16 Chart Thread

You know, this is funny because it reads almost 1:1 like when I started out without any real clue and tripled my account in 6 weeks by totally overstaking and not using any real stops (except disaster stops a few hundred pips away). And oddly ...

Why professionals "only" make ~30% anually

There were some nice triggers on 4h, too, that led to the same direction/setups. I have no idea why I didn't take these, I think I was too busy watching the chop on the majors. Attaching chart.

james16 Chart Thread

Kaar, he said he uses Mig, I assume the MIGFX demo feed as his basis, best to just get that and base your research on that accordingly. And going from what he said he only trades the candles at 18:00 20:00 and 0:00 on Mig time? Please confirm this ...

4 Hour Strategy (MACD)

Hi Itme, I, too, would be interested in hearing your wavecount on this / which wave you're attempting to trade in this signal. I'm still on the ABC after completion of a Wave 5 theory, alternatively we might be in a wave 2 after a 1.....well, either ...

Low Risk, High Reward Trading Experiment

Hi Phil, anyone who can come up with something that made +409 in August 2006 has my respect I love price action and always knew the price patterns would reflect in the MACD, too. Great job finding them out and then sharing this system for free! ...

4 Hour Strategy (MACD)

Hey StevieT Always nice to see someone trade Price Action successfully! Just wanted to congratulate you on your journal and hope that the next week treats you nicer! Do you look at weekly bars, too? Are you trading only James16 or also ...

Steviet's Live Trades!

Hi Raczekfx, always nice to see your posts Speaking of the devil, ey? Please don't forget that there's two conflicting setups - the BEOB and the PB. You could also view the pin break as a move back to get sellers for the BEOB. Please be ...

james16 Chart Thread

Chaotic stuff. Well, let's see what happens. Ok, here's another RaczekFX dedication, still same old.... Posted this in the cable thread, too, but they're too busy chasing 15 pips on flashing indicator light signals and calling each other names to ...

james16 Chart Thread

Trade progressing as planned, pausing at 1.9608 s/r like I presumed. Scalped at 1.9658 for a small wave degree, closed for +30, still short from 1.9730 waiting to see if this bounce invalidates or not. Also a waveless way of trading with just one ...

Daily Cable Analysis

Here's my supersimple USDCHF. Got in at the Wave 4 that went too low. Is this allowed? I'm a bit worried it went lower than 50% of my Wave 3 and under the high of Wave 1. The whole Wave is subwaves of a bigger Wave 5 I believe that might be headed ...

The Basics of Elliott Wave Theory