Why is that AGAIN. I wait for UJ to turnaround on my fibs, trendlines and all good staff you can put in advance on your chart. I saved screen just to post here and show my progress, only to find out that I must have it all wrong. Would taht be wrong ...

james16 Chart Thread

This retrace on UJ was higher than I thought, I have closed all UJ about 15 pips before my SL level was reached. Now will set part of my guns just bleow 91, rest will enter manually, as there might be some interesting PA around this level...

You've Got Ideas, Post'em Here.

Half of my UJ is now closed @ BE rest in small minus, [I don't know where all that USD strength across the board comes from...] Looking at 30M I think it would be extremely hard for it to wipe my SL in single move now, I wait for retracement on UJ ...

You've Got Ideas, Post'em Here.

Your GU skyrocketed, UJ sits still. It missed my other half entry for half a pip, so I entered 1/4 of position 17 pips above my order, and wait for rest 1/4 to short from 90.50. I still work on best way of visualising on my charts. I used to keep ...

You've Got Ideas, Post'em Here.

I'm half position short on UJ, and EO other half @90.50 - below Friday's lows. Targeting 89.86 and 89.05, I expect bounce from below 89 where I hope to find another setup... [maybe even 30M setup..?]

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Very nice setup, curently I see bounce of 1.6354, there is 50% fib [November - December wave]. If its broken, up up and away! I have reentered my UJ and GJ. GJ stoped out for -120 pips, UJ still in.

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I closed UJ very quickly as you can see - exactly because of countertrending. On friday I opened short UJ, but did not posted, as I don't remember why I did it exactly... As there is general downtrend on UJ, any formation that makes you short is ...

You've Got Ideas, Post'em Here.

Here are trades I took based on my analysis on 15 January. GJ: Nice pinbar on daily [I missed it, but someone post it on James16 thread - thank you] in confluence with strong resistance in that area. I wasn't sure as to entry point. I decided to set ...

You've Got Ideas, Post'em Here.

Ok, I'll be your guest then Here's first bunch of chart, my trades based on my analisys on 13-01-10 at 1AM. UJ: expected continuation of bounce up from R/S line I decided to enter half position on the market [first arrow] and wait for my 30M ...

You've Got Ideas, Post'em Here.

Hi buddy! How you doing! Didn't changed mind on that EU long yet? I got hit -90 pips on 13 on EU, but rest goes really well on my demo. I sae your SL around 1.4250. If you don't mind to comment are you holding it till the end whatever happen, or you ...

You've Got Ideas, Post'em Here.

Thanks for re! Now It helps a lot! For your curiosity: Initial TP I planned around 91.33 [above recent low 91.25 and fib 38% drawn between lowest low and high of recent daily wave [6.04.09 on my chart], so 80 pips vs 41SL... BTW if I didn't moved SL ...

james16 Chart Thread

Hi guys, Thanks for your earlier answers to a question I posted. I took a trade short on UJ I posted in post quoted below [picture attached is here: url I placed order short @92.17 Then when price moved in my favor I closed half at +12, reentered ...

james16 Chart Thread

Hi, I'd like to thank a lot for sharing this great approach to trading. I'm new to this method so to understand better I decided to pick all setups I found on 4H chart in January and February 2009. Hope someone more experienced will give me some ...

Trading with Deadly Accuracy

I shorted EU, as I expect some retracement on this pair. 1.4450 is where I'm heading [with standard 50% at +20]

1M 20+ pips scalp [with discretional 30M foundation]

EU: 1.4483 is an important high of recent range, so price as it is now - above this level gives nice possibility of trading long. GU: not as clear as EU, I would wait for this pair to break daily low or high first. EJ: here nice upmove too. Expect ...

1M 20+ pips scalp [with discretional 30M foundation]

My question, UJ setup? — I've got a question: Daily UJ in my opinion shows nice setup short [I don't know those names, but on Friday UJ first broken Thursday high, but then finished day as a bear candle]. Additionally UJ currently jumps around ...

james16 Chart Thread

It was said in post hwere I downloanded EA. However same happens with any EA I tried to backtest. If this may be the reason, can someone direct me where can I find EA that opens trades..?

How to run strategy tester?

Theory is explained exactly in my first example of two trades. Whatever R:R you use or what % of account you risk, your account will move toward zero if number of pips gained is the same as number of pips lost. If instead of keeping x constant you ...

1% Money Management is a myth, fib is a myth and so on..

My purpose is not to say that it's not working. I would like rather spot some points where obvious rules of trading repeated all around forums and webinars just miss real life.

1% Money Management is a myth, fib is a myth and so on..