Dan - Pivot Indicator — Dan, I know you said you don't like your pivot indicator, but I would like to just have a look at the pivot levels on the Future's charts. Would you post your pivot indicator? Thank you, T.J.

james16 Chart Thread

Yes, I passed on this trade. It looked like a tiny pin v. a very strong up trend, and nothing to stop the momentum. I don't think it was a bad trade. But even A++ trades fail time to time. And this was a B+ trade, at best, IMO.

james16 Chart Thread

This is how I feel regarding the EURUSD and EURJPY movements. I don't think I made a single penny off either of these (at least I didn't lose). Pretty damn bad.

james16 Chart Thread

The Gold trade looks pretty good. I would take it, but I am not ready to risk $25 for 1 unit on a trade through Oanda. I am not to that point in my career yet, I am still trading $1 max on my Forex trades. EURJPY is a nice continuation BEOB but we ...

james16 Chart Thread

Hey Cy, great to have a guest here. You are correct, I made a typo. I did NOT enter at 0.9010, I entered at 0.8910 (the low of the IB was around 0.8930 as you pointed out). Good catch! Thank you, T.J.

T.J.'s Trades

As strong as these trends are, for me the best play is to see if these set-ups reach the FTA, and then present P/A for a trend continuation trade and fade these pins.

james16 Chart Thread

AUDUSD I4B Daily — I took the AUDUSD I4B Daily bar on 5/11/2010. I only set a short side order, as to me the pair look to be trending down (and the recent USD strength). I completely missed the PPZ around .8900/.8890. So I sent short at .9010 ...

T.J.'s Trades

Dan, thank you for the follow up. I got into this trade, and now have changed my SL and TP so I will either end up with a small gain or a small loss. Either is fine, the trade didn't work like I had planned. But I did miss the .8880 or .8890 PPZ. ...

james16 Chart Thread

USDCAD Daily Pin — I took the USDCAD Daily Pin short, and hit my first profit at 1.0085. The Weekly USDCAD had a BUOB, so I took profit quickly and did not set a runner. In hind sight this was incorrect, but if I had to do it over again, I ...

T.J.'s Trades

GBPUSD — GPBUSD daily IPB (Ghous nickname). 1st TP was at 1.5430, 2nd TP was at 1.5385. Both target prices hit. The bar was not the best formation, and the trend for the week was flat, but the first touch of off 1.5500 gave me confidence to ...

T.J.'s Trades

Hey! — Hey guys, love reading your posts on James16 thread and I wondered if you posted any where else. Kick ass thread, LoveJoy80! I think this thread will motivate me to get my butt into bed earlier, so I can get out of bed earlier, and read ...

My path to financial freedom

The EURJPY looks like a decent play, depends how it closes for you. My daily closed 45 minutes ago. And there was a tail on the EURJPY bar that kept it from being a good looking BEOB to me. If it closed lower (stronger), I would probably be all over ...

james16 Chart Thread

I am still learning as well. I think a continuation bar, would be a bar to tell you the trend will continue. The short term trend is up. I am playing USDGBP short, due to the IPB. So not really a continuation, as much as either a reverse (short term ...

james16 Chart Thread

I like it. The IPB is good sized, it is up against the 1.5500 level, the first touch of this level since Feb 23rd (so you would think some sell orders would still be in place here). The down side is the space (been flat the entire week and the close ...

james16 Chart Thread

Great question, hope some folks respond. I was temped to play the EURUSD break of 1.3550 down to about 1.3500, filling the gap and the break of the lows since the gap, but was not sure if it was a good play or not. When in doubt, stay out.

james16 Chart Thread

NZDCAD Daily Pin — I took the NZDCAD Daily Pin bar, off the round number of .7000 above the arrow in the picture. I hit my first trouble area at .7115. The trade turned around at this point, and stopped me out on the 2nd portion for a small ...

T.J.'s Trades

Damn, I'm 31, soon to be 32, and didn't start reading trading books until I was 28. I am getting old.

james16 Chart Thread

Mike, what did you not like about the NZDCAD pin bar yesterday? Just curious, I need to learn more and more.

james16 Chart Thread

Thank you Ghous, I would have had much the same plan, but I think I was being too picky to pass on it. Just back from vacation in Washington DC and I gotta get my mind right again. Thanks!

james16 Chart Thread

Ghous - GBPUSD IPB — Ghous, I passed on the GBPUSD Daily IPB, it was damn tempting. Location was pretty good, closing below the 1.5300 number, and at a small swing high. Also RSI 6 divergence. Could you give a slight overview of what made you ...

james16 Chart Thread