Very well said. I also love your account statement, taking responsibility for your trades whether they are winner or losers is a huge step forward. Sometimes I take trades because people post charts here, but I make sure I look through it and I make ...

james16 Chart Thread

I thought you meant on the bar we were looking at the time. I think Jacob was confused as well about that. The way you drew it, yes that would be a great set up in my opinion. It has space to work with, its in the general direction of the trend and ...

james16 Chart Thread

I think that happens very rarely. Imho whats more likely to happen is to just turn into a breakthrough trade. It went through the support and now it should just head down. The dollar seems to be under pressure on all the pairs today. PS. Also dont ...

james16 Chart Thread

In a perfect world you would like that bar with the overall trend and not going into traffic, but like you said if it comes up and closes above the .8320 it would be a decent set up on a pair that hasnt seen much action and I will be in it for sure, ...

james16 Chart Thread

You got lucky in my opinion. The high of that bar needs to get above the high of the previous bar in order for it to be an outside bar.

james16 Chart Thread

Aud/usd — Its almost the end of the day here in North America and it looks like there might be two playable pin bars on the Aud/Usd and the Aud/Chf. Check it out for those interested.

james16 Chart Thread

Eur/Aud — A trade I took last night before I went to bed. Good pinbar at previous support and BRN 1.3500. Worked out perfectly for 128 pips, pretty good for a Monday in my opinion.

james16 Chart Thread

You might be right here. Its really not working out so far. This is the reason why I stick to daily and weekly charts

james16 Chart Thread

GBP/USD — I cant post a chart since I am at work but you guys should take a look at the pound/dollar. On the 4hr chart, decent pin bar at previously tested support.

james16 Chart Thread

If you are thinking of selling, I wouldnt. You are correct that its a huge outside bar but look what its going into. A very strong support that was tested quite a few times. If anything I would be looking for a price signal to buy it.

james16 Chart Thread

Thats kind of the reason why I posted it Jim. I read everything that goes on in this thread but Im not much of a poster myself. I find it hard to explain my thoughts. $50 is not a lot of money ( actually its $53.34 Ill never forget this number) and ...

james16 Chart Thread

Thanks Chaos. Its amazing what a great system, discipline and execution can bring you over the long run. Before I started my $50 account I blew a $2000 one trying to catch crossing EMAs with poor money management, while trading too large. I was ...

james16 Chart Thread

You guys are great support. I know I dont post much, lurking most of the time really but I have learned so much from you guys that I had to say thanks. I started with a $50 account about 2 months ago and I just surpassed the $520 mark when I ...

james16 Chart Thread

The long term trend line is way too close in order to bring you a good risk/reward ratio on this one for my liking.

james16 Chart Thread

From what Ive read I feel like Trading in the Zone by M.Douglas is a must for any trader.

what is the best forex book?

Just make sure you know how to deal with a couple of losing days in a row, because those will come around from time to time. Other than that having a feel for a pair and trading purely on that account is amazing and you should keep doing what you ...

Am I good or just lucky?