Finding what works for YOU is the hardest part of becoming successful in my opinion. I have a day job as well, so I had to develop an EA to manage my trades. My brain is not wired to aim for larger gains. I do catch one once in a while though. Scott

james16 Chart Thread

Depends on your trading style. Space / traffic means very little to me... lack of space only means my SL will be moved to break-even quickly. I have accepted 50 pip trades off of daily charts many times. If one likes to trade bigger moves, space / ...

james16 Chart Thread

I risk 3% on most trades. I do not recommend risking that much until you have proven to yourself that you only take the good setups and can determine the FTA consistently. Scott

james16 Chart Thread

Until the middle of January usually. Great time to take a vacation from the markets. Scott

james16 Chart Thread

Pinbar, great charts. You are grasping things much faster than I did. Your last two charts are nearly identical to mine. Scott

james16 Chart Thread

Crap! I always miss story time. Scott

james16 Chart Thread

I placed a small buy stop order a bit above 1.60 myself. The PB looks to be at an odd spot but occurred at extremely solid support. It does have 1.60 in its way, so I am my order is not based on the break of the bar. I am also not looking for a very ...

james16 Chart Thread

I never look at or calculate the R/R. I take trades at solid support and resistance areas and take what the market wants to give. Having said that, the location of the pin bar is horrible in my opinion. The support is very weak on the weekly but is ...

james16 Chart Thread

It is a nice looking BEOB, however, the location is not good. I attached a chart of the PPZs I see and a fib. I never place fibs on tiny swings like you did because the fib. levels are very close to each other. You should look to take trades at ...

james16 Chart Thread

If one thinks about it, it is amazing what two trades per month on average can do. Scott

james16 Chart Thread

I was in the same position as you in the past. I can now change my entry criteria and remain profitable. The trick is the exit strategy must be changed when the frequency of trading changes. When I am in the mood to be less picky, my SL is moved to ...

james16 Chart Thread

It varies case by case but 1.3275 would be good. Scott

james16 Chart Thread

There would have been a solid close under 1.33 for me to take it. For example, 1.3296 would not cut it. This is a little more advanced, but if I did place a trade, I would have waited for a decent retracement of of the BEOB before placing my sell ...

james16 Chart Thread

I do touch trades when a great opportunity presents itself. One needs to be extremely picky when placing touch trades. The closest price on EUR/CHF Weekly I would consider a touch trade is 1.45. 1.35 is not even close to being solid enough in my ...

james16 Chart Thread

Another view of AUD/NZD — Looks like a choppy sideways market at its finest. Looks like it will likely go higher but may drop to 1.28 first. Only time will tell. Scott

james16 Chart Thread

If you have an Intel Mac, download Mac OS X x86 20060611, otherwise download Mac OS X PPC 20041107. You just install the package in the zip file. Scott

james16 Chart Thread

The videos from Jim only play with MPlayer Extended on my Mac. Scott

james16 Chart Thread

Spot on. The location is suburb but the bar is way too small. That bar indicates to me that it sees the resistance but is undecided about what to do about it. You want to trade bars that reach a solid support or resistance that say, oh crap... gotta ...

james16 Chart Thread

... Add me to the GBP/USD 1.55 list of detectives. If a good PA setup occurs there, I will be placing a buy stop order. I skipped on the bearish PB because I refuse to short this pair unless the 1.55 level breaks down. Scott

james16 Chart Thread

Yes, it's all about location, location and well... location. When you see a PA setup, your first reaction should be, so what? Scott

james16 Chart Thread