Personally i hold positions if the trade is 50 pips or more in the positive otherwise i close it.

james16 Chart Thread

sometimes i go down a timeframe to look for PA but i prefer that if im working with daily i get a good candle on the daily, here in the chart attached is a perfect scenario of what im talking about Eurusd broke above this PPV so i waited to see the ...

james16 Chart Thread

It will come with time, believe me i am one of the most impatient ppl in the world, i want everything yesterday! when i first started here, i got so desperate if nothing on the daily i would go down to 4 hr then even 1hr charts just to find a half ...

james16 Chart Thread

Im not Jim, but i have studied his working for a long time now and use them all the time, Credit to him. The way i play these using Jims teachings, is very similar to that of the long i went in on eurusd yesterday, i wait for an official close above ...

james16 Chart Thread

update on my audjpy trade. Im now sitting very nicely in this one now, i took the buy at the blue highlighted BUOB, my SL is now moved 10 pips below the PPZ area when it officially closed above it. SO i have profits locked in now, and is a risk free ...

james16 Chart Thread

Which country are you from? Not sure about USA but here in UK you have to pay it as financial gains, BUT theres a loophole where if you use a spread betting company to trade, the money you get is then classed as gambling winnings and is not taxable ...

james16 Chart Thread

please check my post above, with oanda you can trade in units, which is excellent for smaller accounts, you can trade right down to the cent with units, therefore making money management alot easier with the smaller accounts.

james16 Chart Thread

yes sorry my apologies, PPZ is what i mean. I use oanda, so its all done for me for example if i have an account size of $1033 and i only risk 1% per trade then if my SL hits i will lose $10.33 good thing about oanda is that you can trade 0.1cents a ...

james16 Chart Thread

You cant say until its officially closed, and it has a few hours yet, patience my friend.

james16 Chart Thread

yes i remember reading that, and as said earlier, the number 1 most important is to always risk the same % per trade no matter what, as this will make it easier to control the money management and targets goals etc

james16 Chart Thread

Nope it was real money, i only started with £20 so my actual loss wasnt so bad out my pocket BUT it was still hard to see the pot go from 500 to 0 in a matter of less than 5 mins

What do you think about this martingale strategy?

It is clear that you are very new to this game, all i can say is tread carefully, but i suppose the best lesson is experience

What do you think about this martingale strategy?

yes definately, i did it once on a online casino, started with £20 i got up to £500!!!! of course greed took over and i carried on £1 £2 £4 £8 £16 £32 £64 £128 £256 and thats only 9 spins of the same colour, which happens very REGULARLY. You would ...

What do you think about this martingale strategy?

Not necesarily Pokemon. 2 reasons 1. Every trade should be the same risk no matter what the stop loss size, for example if the stop loss is 200 pips i will lose $2000, if the stop loss is 20pips i will still lose $2000. No matter what the stop loss ...

james16 Chart Thread

Awww i remember when i used to be at this stage, the martingale stage thinking it could work. I can suggest something alot less time consuming and easier than forex if you want to try to make money like this. Open an account with any casino company, ...

What do you think about this martingale strategy?

EURUSD Similar story, I think this was gone over in some incredible detail in the youtube video posted also. price consolidated for a while and now have a break through and above the PPV, it held above yesterday, made the retrace back to the PPV and ...

james16 Chart Thread

AUDNZD yesterday we had a BUOB right off the 50 retrace with a close above PPV. But the 365EMA was in the way of me pulling the trigger, today a small upmove has occured, if it closes above the ema succesfully i will be looking to enter. Only worry ...

james16 Chart Thread

Another one on my radar Consolidated for a little while now, got the EMA above, and could Break below and close below. If it does its then the WIPG matter.

james16 Chart Thread

Update on the audjpy trade i took. Reached the 2nd trouble area/resistence, im currently watching closely at this area whther to stay in the trade or take all profits, my SL is safe and has profits locked in if something crazy happens, but this was ...

james16 Chart Thread

You read my mind

james16 Chart Thread