I understand what you guys are saying. I move stops to BE sometimes as well. The important thing is not to do it too early. Many people see 50-75 pip gain and move stop to BE automatically. Again, it depends on the timeframe/position size. If you're ...

james16 Chart Thread

That's my feeling as well. Just depends on the timeframe you are trading. 75 pips is nothing if the daily range is 300+.

james16 Chart Thread

Here's another one to think about. I'm sure many people don't trade this pair because it's not offered by many brokers. The legal range for USD/HKD is 7.75-7.85, so whenever it gets near one of the extremes I start to watch. Now it's near the bottom ...

james16 Chart Thread

Here's another setup. Break of daily inside bar to the downside. It also completes head and shoulders on the 4 hour chart.

james16 Chart Thread

Hello. The way most people do it is enter when the high/low of the pin bar is breached. In the euro/dollar chart here, you enter when the low is taken out (at the red line).

james16 Chart Thread

Here's the next setup I'm looking at. We have weekly BEOB on the Euro/Pound in a new downtrend (LH,LL). I'm looking to enter now that the weekly bar has retraced to about the 61.8 fib of the BEOB. I'm set to get in on the 1 hour chart using a 1-2-3 ...

james16 Chart Thread

I've got a question Ryan. I know you don't trade U/J 5 minute but would you take a trade like this if it looked the same for E/U (bearish overbar near middle BB)? I know it's not the prettiest one because there's a HH/HL first. Still trying to get a ...

james16 Chart Thread

I think it's best to wait for HL/HH after downtrend or LH/LL after an uptrend before you start to want to fight the trend unless there is a ton of confluence.

james16 Chart Thread

UJ monthly just hit first take profit area, looks like we may be headed for 95 again. Last time I posted this chart 2 weeks ago many other people were bullish targeting 110-111. I'm not trying to brag or show off or anything, just want to show that ...

james16 Chart Thread

Rough day huh. Ok I think I've pretty much got it. Now I just need to practice, practice, practice until I get good at it.

james16 Chart Thread

Here's another I'm taking (short). I was aggressive and didn't wait for pin bar to break, just took trade at open of new bar. Still trying to decide whether to wait for breaks or just pull trigger right away. PB in downtrend at 21 ema, SL above ...

james16 Chart Thread

Ok, Here's short I just took...well just hit profit target now while I'm writing. Bullish overbar during downtrend (LH,LL) bouncing off middle BB. S/L above the candle's high, profit target 1:1. Seems like good trade to me but I'm interested in ...

james16 Chart Thread

Big resistance coming up for Euro. It also has 1.5 level to contend with, and it's at 50% retrace from the all-time high. I'm watching for PA here for continuation of weekly move down.

james16 Chart Thread

I define downtrend by lower highs, lower lows, which is what we have on the monthly right now. On weekly chart we now have a lower low so the weekly up-trend may be weakening. I think there's still a ways down to go but no worries you're entitled to ...

james16 Chart Thread

Careful, remember the monthly. Last month gave a pin in line with the monthly down trend. I think we've still got a ways down to go. I'd say that next target is 101.30 or so.

james16 Chart Thread

Out of Usd/Cad now, it moved pretty quickly.

james16 Chart Thread

Here's another 4 hour pin I'm looking to get in on the break of. It's with the current trend and bouncing off middle BB. I'm trying to use Ryan's method for longer timeframes than 5 mins.

james16 Chart Thread

I'm in USD/CAD going the other way. Looks like good 4 hour pin to me right at support.

james16 Chart Thread

That looks beautiful to me. Right at a spot that has provided S/R many times. Also with monthly downtrend.

james16 Chart Thread

Here's the next trade I'm set for, might be a little risky but reward looks good. I am bearish Euro now except for this pair and maybe EUR/JPY. Last week there was BUOB on weekly which has retraced quite a bit. I'm looking to get in at 161.48 or so ...

james16 Chart Thread