crude looks like it's approaching an important zone.

james16 Chart Thread

in b4 thread panic attacks.

james16 Chart Thread

Nothing exciting to report.... I took the I17B on GBPJPY last night, and came out at B/E. My gold trade started to retrace off the 50% fib, which was so close to my T/P, that I just closed it manually when I figured the position was done, Good trade ...

Dan's Self-Honesty Journal

perfectly done.

james16 Chart Thread

I have not placed a silver trade yet. Gold on the other hand, any bullish PA in a great location is usually great. (no shorting allowed for me )

james16 Chart Thread

ah! thank. you. bundy. a crappy pin in an amazing location is always better than a massive pin in the middle of nowhere. such was true for the lousy doji on gold that formed on friday, coming off the 50% retracement. It made for a good trade this ...

james16 Chart Thread

in the meantime, how much of the current trend are people missing out on, while searching for the "reversal" BTW, if GBPUSD closes as a bearish pin today off that 1.45, doesn't that seem a LOT easier to trade, than all these counter trending huge ...

james16 Chart Thread

it is a lot easier than going against trend... especially as strong as the current one.

james16 Chart Thread

I set a super-tight management on the northbound break, I don't like to be long on it... southbound was much looser management.

james16 Chart Thread

out at B/E... volatile markets are volatile!

james16 Chart Thread

lol I caught it, I'm already in a free trade. Let's see if it gets to target!

james16 Chart Thread

Here's all the pairs that you can trade on a mini-account, and the current spreads from when I took this screen shot, about 10 seconds ago. Also, a lot of people like Oanda, but there's no MT4 on Oanda....

james16 Chart Thread

Also, if you're trading a small account, you can position-size to the EXACT amount that you need to in order to succeed.

james16 Chart Thread

Well, all it took was for me to miss the freight train that usually results from I4Bs before i realized I shouldn't have a bias. strip the macd's from your charts, and make your OWN bias

james16 Chart Thread

I trade on IBFX... I am shocked that we are able to trade such small increments to make the perfect sized position for your risk management technique.

james16 Chart Thread

lol.... I still catch the break (most of the time), I'm just wrong on my bias.... and my bias is short, so you'll probably be wrong

james16 Chart Thread

He named it after the I16B, which he later realized he mis-counted, but it was too late, and he already made his account here.

james16 Chart Thread

actually it's an i17b..... lol I'm so used to referring to them as I4B, that I don't even know after it gets past that....

james16 Chart Thread

I'm bad counter

james16 Chart Thread

I16B= Inside16Bar an inside bar that has a high and low range smaller than the previous 16 bars.

james16 Chart Thread