Third trade of the year. Short on GBPJPY 4H, 50 Fib, 147.00 round number, with the new trend, Pin Bar, 5 AM CST (best time) bar. The next bar formed as an inside bar, so I kept my trade in place. I was happy to stick with my original stop loss, ...

T.J.'s Trades

Nathan, thank you very much. This would have been my plan on stop losses, but the movement this morning and the hard bounce off of 1.6250 told me to get my stop to break. Problem for me was, the Pin Bar low as at like 1.6311 or some where around ...

james16 Chart Thread

GBPUSD — For those that took the Daily GPBUSD (I did as well) and took profit at 30 pips, where was your initial stop loss? I had my stop loss at 1.6525, well above the pin. I had a larger TP due to the large SL, and in the end, settled for a ...

james16 Chart Thread

I re-entered my short on the GBPUSD, based upon the Daily Pinbar at the 50% Fib level. Stop loss above 1.65 at 1.6525, TP was tight at 1.6250, being I wanted in only on the break of 1.63 and got in at 1.6290. Once again, I missed my original TP by 2 ...

T.J.'s Trades

Shoot, I passed on the USDCHF weekly pin, due to the size of the pin itself. Great exploding break today for those who took it.

james16 Chart Thread

This is a great New Years plan. What software will you use to document all this? MS Word? I need to do the same.

james16 Chart Thread

Merry Christmas, Happy Holidays, and a Happy New Year to all you J16ers. Thank you to all the old schoolers, for all your help and generosity. In 2009, I didn't get to where I wanted, but I did learn patience, and that is a great start. In 2010, I ...

james16 Chart Thread

Just got a chance to look at the daily charts. Good heads up. Also got I4(+)B on GBPUSD, USDJPY, and EURJPY. Looks like something will give soon. How do you plan to play these Mike? My plan would be to play them on 4 hour Price Action, probably ...

james16 Chart Thread

Awesome post. I feel the same way. I have been at this for over 2 years myself. I am still losing, not break even, losing. Some silly mistakes, due to greed and fear. I have back tested more than enough over 2 years. I built an MS Access DB to keep ...

james16 Chart Thread

How did you guys trade the GBPJPY? A short looked possible, but I could not figure how to set a sell order, where to set a stop, or see any price action to kick it off. Woke up and the move I expected had taken off and was too late to jump in. Where ...

james16 Chart Thread

Keep working hard, learn from the posts. I used to feel this way as well, until I realized no one posts their losses, and everyone here has losses. I don't know why, we can learn a lot from losses.

james16 Chart Thread

I have been failing at this long enough to remember that every year when the time falls back or springs forward, the MT4 charts get off. My charts are all off one hour for right now. By next week, they should be back.

james16 Chart Thread

Jarroo, just wondering, where did you place your stop loss. I was looking at this trade. I am sure it will come back eventually for a 2nd chance at getting in. But you got the strong break you were looking for.

james16 Chart Thread

Very intersting, thank you. I guess for me, since I can't be around my computer all day, I would like to have an initial TP and SL, and then go from there. The freedom to follow your trades must be very beneficial.

james16 Chart Thread

Thank you Mike. Is your stop now at BE? Did you move your stop to BE at a certain point or number of pips in profit?

james16 Chart Thread

I use Oanda, so position size is not a problem for me. I recommend Oanda to anyone starting out or with a small account. Just seems using a full bar stop, you either get a small R:R or you move you stop quickly once in profit, which doesn't make ...

james16 Chart Thread

Mike, I have done enough back testing to know that by far the most powerful 4H bar is the one that closes at 5 AM CST (or 4 AM CST if I can get out of bed early enough). So I woke up and saw those huge BEOB on the GBP pairs at 5 AM, and I was ...

james16 Chart Thread

Jim, Thank you for the touch play charts, they are really opening my eyes to things I have over looked!

james16 Chart Thread

GREAT POST! #1) Mike passed on it, but it is hard to imagine more here passed on it. It wasn't that bad of a set-up. The pin isn't THAT small. Other than the huge BUB on Thursday, it was the largest bar of the week. #2) Profit taking, and the strong ...

james16 Chart Thread