Good morning people. Yes, I was going to ask how we setup our charts on a pair such as this where PA is going where NO PA has gone before. I suppose all we rely on are round numbers? I imagine, the brakes going on like that mean that a lot of people ...

james16 Chart Thread

Thanks for the explanation Jarroo. Yes, the PB you drew looks like a better PB. LoL So, if I understand you correctly, you would have passed on that PB, or take it with tight SL?

james16 Chart Thread

Just getting my charts ready for next week and I came across this PB which was successful. I know it is easy to find them after the fact but, I am trying to fix in my mind the image of at least an "A" class setup. Ignore the trend line, it is just ...

james16 Chart Thread

I don't think any of us have different GMT times. GMT is GMT and not a variable, we may have different broker times but certainly not GMT.

james16 Chart Thread

I can second that, I blew my first 3 demo accounts two years ago, until I learned to demo as if I was using real money, now I have to trade my live account as I demoed. That last part is the hardest.

james16 Chart Thread

What's the problem, you seem to know what you are doing. Is it not sitting on your hands and letting the trade come to you rather than chasing them. I can chase them and it is deadly, I really have to learn to set the bait, in our case PPZ, and wait ...

james16 Chart Thread

FX, I notice that you only joined this forum in March of 2010 yet, you are talking about losses. I take it these are only DEMO losses and not real money?

james16 Chart Thread

Not so sure it is, those are the people who's money we are earning. LoL

james16 Chart Thread

Because, everyone wants to get rich quick and they actually believe they can because, They want to believe it. Just the suit turned me off. If it was so easy, why does he need to wear a suit. LoL Incidentally, that guy in the suit on the add has ...

james16 Chart Thread

Nope, it was one of my live accounts. I had already had enough wins this month to cover it but I was not going to let it bite me in the butt.

james16 Chart Thread

Yeah....Lol I did but my TS got hit and I don't like re entering trades. Still, I traded a full lot and after scaling out, I came out of it with a 7% increase in my account in that one trade alone. Maybe a full lot is what made me trail it too tight. ...

james16 Chart Thread

I think it is possibly in the groove. That said, I also agree that it is not one of those high probability trades, and that is what we are supposed to be learning. I shall make this another thing to check on my checklist and try to take BU PA at ...

james16 Chart Thread

I was thinking that, as price has already tested the 50 fibo and been rejected, this may be a trend continuation all the way to the 23.6

james16 Chart Thread

I agree with Jarroo CHF/JPY looks like one of those suck em in Again deals.

james16 Chart Thread

No surprises with this last candle. Let's see how it closes.

james16 Chart Thread

Yeah, what do we do in a case like this where PA has never been this low? Just use round numbers and possibly TL?

james16 Chart Thread

GBP/JPY just broke the 135 BRN. PPZ just around the 135.50 area and am wondering if the current bar with 1 hour 20 mins left is going to end as a BEOB then range a bit till for NY open. Still, it is a Friday.

james16 Chart Thread

GBP/JPY looks about to either pop or get rejected. No PA yet though, apart from the BU hammer.

james16 Chart Thread

USD/CHF Seems to be approaching an interesting level.

james16 Chart Thread

Well, I think this one really needs to be traded on H4, it is not a great area, it is at the bottom of a downtrend and PA on higher TF is going sideways. Also the 50 fibo is an area to watch out for as it could just as easily break through the 138 ...

james16 Chart Thread