Hi, in my opinion it depends on given situation, in most cases (like 95% or so) I place my SL the same way as patapouer, so at the bar end and then I look for a way to reduce my risk in a logical way. Last time I had SL above left eye was that big ...

james16 Chart Thread

Hi mak, yep I agree with you. We´re now in range, so there´s not much space around, as you said yourself the pin bar is relatively small, especially when we compare it to previous big bear bar and the nose protrudes only very little below previous ...

james16 Chart Thread

Hi, you can start trading only small positions (mini lots, micro lots) and when you´ll get used to that (pressure, real conditions or whatever), you can increase your position size a little and this way you´ll eventually reach your desired position ...

james16 Chart Thread

Hi, I´m pretty much in the same trade as Rosco, but I took it on USDTRY. It´s big pinbar at swing high with really protruding nose and strong close, also it tested BRN 2.5. Mav

james16 Chart Thread

Hi makwana, yes you´re right those are basic trade entries, each type of entry has its advantages and disadvantages, so it´s really subjective, from what I saw, most people use entry after break of confirmation candle. Now let´s look at those ...

james16 Chart Thread

Hi gianmarco, here´s link to terminology list. url Mav

james16 Chart Thread

Hi dan, I just right-click on quote button at posts I want to quote and open them in new tabs in my browser. Then I copy these quotes to one post. There´s probably some more elegant way but that´s how I do it. Hope this helps Mav

james16 Chart Thread

Hi all, I thought I´d post a trade I took recently. It´s CHFSGD, I tried to play it as breakout situation. The main disadvantage is that the pattern is not enough developed, if we retested both trendlines one more time and price squeezed more, it ...

james16 Chart Thread

Hi makwana, personally I wouln´t play this situation, in my opinion we´re now consolidating in a box so there´s not much space. Also FTA is really close, so trade management will be more difficult. To sum it up, I would not put 1% (or whatever you ...

james16 Chart Thread

Hi aioico, I would go for the black one. Price didn´t go anywhere near red trendline for a very long time, we had some touches at the beginnig of trend but that´s it. I think that black trendline is better defined, price approached it three times ...

james16 Chart Thread

Hi bee24, in my opinion you´re right if we combine those 2 bars we get 2-day pinbar. Would I play this? No. Here are my reasons. We´re in an uptrend here for very long time. So I would need something more significant to convince me to play shorts ...

james16 Chart Thread

Hi turnip15, BAT means BAT indicator, here´s link to Mike´s post about this one. url Mav

james16 Chart Thread

Hi hunzul, I had this problem some time ago, I hope I still remember solution. Close all charts, go to File-Profiles-Save Profile - name it somehow, set this profile, restart MT4 and it should work. Mav

james16 Chart Thread

Hi, yeah, I manage my trades on the same timeframe where I entered it. So when I enter trade on daily TF I manage it there. Mav

james16 Chart Thread

Hi, in my opinion this bar was not worth playing. Idealy we want to see these bars at swing highs/lows, playing them as a continuation is more tricky (I myself would play this bar as a continuation bar only as a part of breakout play with some good ...

james16 Chart Thread

Hi turnip15, I believe that 150 and 365 ema are used just as another source of confluence like fibo retracements, round numbers,... For example 365 ema could line up with a RN and PPZ and give your trade more strength. But not everyone uses ema´s. ...

james16 Chart Thread

Thanks for the video, I still have plenty to learn Mav

james16 Chart Thread

Hi all, I just thought I´d post something that caught my eye recently. It´s USDSEK daily, we´ve got here broadening wedge, I think that both trendlines are well defined, it seems that price is now testing bottom line so we´ll see how it turns out. ...

james16 Chart Thread

Hi, here is what I see. EURJPY was in uptrend for a very long time, right now we´re consolidating, in my opinion this consolidation can be drawn in two ways, either we can draw it as a pure box (two green lines) or we can use a trend line and form a ...

james16 Chart Thread

Hi aioico, first of all welcome to the thread, you´re right this is great place to start your trading education. Here are my thoughts on your trades. GBPUSD The pin bar you played is really small and is at swing high, ideally we want to ...

james16 Chart Thread