Welcome! I promise that if you are ready to stick with it you are in the right place. We are all here to help and look forward to seeing you around more. Ryan

james16 Chart Thread

Wow. Just looked at all of the charts and the USDXXX charts are showing amazing bullishness. Will be interesting to see how everything closes. Ryan

james16 Chart Thread

Bingo. This is all about PRACTICING. We have to learn what items on the chart are most likely to cause reactions and to what extent they likely will. Ryan

james16 Chart Thread

Definitely agreed. Additionally I prefer to see the close of the BUOB higher than the close of the engulfed bar, and the more bars that are engulfed the better. Ryan

james16 Chart Thread

This was one of 3 trades that I was looking at today. I rather like this pin, but there is not an overly large story that is taking place here. That is really my issue with this one. It is just a pin bar that is forming at a S/R area. Much of what I ...

james16 Chart Thread

Wow... That is really nice. Thanks for tossing that up. Really makes me wish that I had a commodities account right now. I need to get done with my paperwork to trade commodities with TOS... Ryan

james16 Chart Thread

Your charts look very very different from mine. So much in fact that I had to come back and double check it was the same chart. Here are mine from fxpro for a reference point. Weekly image daily image

james16 Chart Thread

Given your close I would have given it more consideration, but I still would not have taken it. There is just too much going on right above it. Tick the traffic box on this one. Traffic does not mean an instant reversal, but it does not allow for ...

james16 Chart Thread

This business is not hard, but it never gives a crap what our desires are. It will just as easily chew up a new trader as it will reward a trader who is prepared to receive. All we are saying is evaluate your mind and figure out if your expectations ...

james16 Chart Thread

Ha ha had that one happen the other day on EURGBP. These seem to sting less and less each time now though. When I first began I took losses like this personally and they were almost crippling to my trading mindset. Now I just ask is there something ...

james16 Chart Thread

Were you saying you thought that a buy or a sell would be better here? I honestly don't see much of a story for either way here. No real J16 entry in all of that to me. Maybe with more of a description I would understand a bit better. Ryan

james16 Chart Thread

We do what ever our own system tells us to do, but that does not mean that we ignore items such as this. Base system would say that it is ill advised to trade into these areas, but we all have our modifications. Deep breaths there PB. There is no ...

james16 Chart Thread

Ha ha busted. I meant sell, but didn't check my wording . I always joke that I know the devil is in the details, but they just aren't my cup of tea. I am a big picture guy Oh and I definitely agree that I would not take either of these ...

james16 Chart Thread

One thing that I would suggest in making notes is to start a separate list of all possible trades requirements. Once you have all of these take a look at them and figure out which ones and of what type fit what you like. Just a start of the list ...

james16 Chart Thread

Just be aware that USDCAD is sitting on top of a fairly strong PPZ and your buy order is above as well. Not sure how much steam is left in that engine, but the bar does look fairly nice. Here is how my chart looks. image GBPCAD looks better to me ...

james16 Chart Thread

I attached both of the indicators, but I am probably going to delete the one that is in the upper right hand corner. I have switched to a multi monitor setup and it just takes up too much space when I have multiple charts on the screen. To make any ...

james16 Chart Thread

Some will disagree, but here is what I did to my charts to reduce clutter. It took a moment to get used to, but looking at that chart it is hard to see what is going on. I would keep up candles green, down to red. I would get rid of the grid and ...

james16 Chart Thread

DO NOT PLAN ON BEING PROFITABLE IN 12 MONTHS. I don't want to be a downer, but I am going to be realistic. If you are planning on relying/needing trading for an income in the next 12 months- DON'T. Just by your very need to make money you are ...

james16 Chart Thread

Not sure that I understand you though process on this.... Not placing stops below the bars is not at all conservative. It is the exact opposite. These are agressive plays and should only be practiced after becoming proficent with the base system ...

james16 Chart Thread

I would just say to be careful there big guy. That downward TL is awfully curve fitted. In addition to that I would just throw out there that is not a pin and even if you consider it a pseudo pin that it is not very well formed. While it may have ...

james16 Chart Thread