Of all the trades on the 4 hour this morning, the USDCAD looked the best to me. I passed on it due to the strong down move. There is a weekly ppz in the area, but it was not enough with the 4H bar alone for me to pull the trigger. I will look to ...

james16 Chart Thread

Damn, had a nice pin bar on the 4H EURJPY and it moved too fast for me to get in. I should have placed my limit order right before the close of the bar (just a minute or so). I waited, and within 3 minutes the pair had moved about 20 pips, thus it ...

james16 Chart Thread

BEAUTIFUL. I know it is off topic, but I will comment as way anyway. I used to question why so many of the EXTREME wealthy would support liberal economic policies in our land of prosperity. Why so much support for Obama and his cronies, who might ...

CFTC + NFA: End Of Hedging?

As you said Bundy, to each their own. I have left the MA's off my charts so far because some brokers have weekend bars and others do not. And it seems to get the long term MA off by quite a bit. I might work them back in, in the future. I do see you ...

james16 Chart Thread

Jarroo, thank you for your help. When I see such set-ups, I often use a limit order. So if it breaks by the buffer, I am automatically in the trade. Do you use limit orders? If so, where do you set the stop loss for the original order?

james16 Chart Thread

artov you read my mind, I was about to post the same question. Jarroo, if you have a set-up you like, and it breaks as you expect, do you often just set your stop loss below the left eye, or another PPZ in the middle of the Pin, rather than below ...

james16 Chart Thread

Jankone, my MetaTrader went kaput and I had to re-install it. Could you attach/give the RyanMCD settings. I believe it is some Bollinger Bands (18, 2)? and then the RSI (14)?. Thanks for all your work!

Jankone M5 thread

IMO (and I am very new to all this), in FOREX the only major players, would be central banks. Their job isn't to try to trap a few of us minor traders (even James16 himself is a minor trader compared to the money they can and do move) into a stop ...

james16 Chart Thread

I really like the NZDJPY Daily Pinbar. It appears to be a break out from the weekly PPZ around 57.00, and then pull back to it, with a nice looking Pin bar bouncing off of it. My only worry is that the other JPY pairs look more indecisive.

james16 Chart Thread

Thank you for the advice Mark, that is very helpful!

james16 Chart Thread

Mark, I took the EURJPY and thought of you when I took it. Why? I looked at how far the 4H Pin was retraced into the weekly BUOB, LOL. I thought "this is just how Mark does it". I took for the same reasons as you. But what is that you say about ...

james16 Chart Thread

Just one more thought on the account size to go live. IF, this is a big IF, but IF you can make 30% a year return (I don't know if anyone here does this or not, if so, please say so, it would be inspirational) on a $200,000 account, that is $60,000 ...

james16 Chart Thread

EURJPY Post Above — Holy buckets, never mind. Within 1 hour and 15 minutes of the new 4 hour bar, it zipped off and got within 1 pip of the top of the Pin Bar. I am canceling my short orders for now. Wow, was I off!

james16 Chart Thread

EUR/JPY — Did anyone see the Pin bar on the EUR/JPY? I put in a sell order at 1.3045 with a TP1 of 1.3010. Is this not a good set-up? Thanks!

james16 Chart Thread

Damn, had an almost (off by 2 pips) DBHLC on the EURUSD 4H (1+ GMT) I missed out on. Hope someone caught this.

james16 Chart Thread

Thank you clockwork, I really do appreciate all the work you, and the many other experienced traders put in to this forum. I really hope you are able to learn even 1/10th as much as we are able to learn from you. I would love to do this full time ...

Silent Service Method

And for me it was a lesson that despite the news, if a set-up is an A+ set-up, let it ride. I pulled out of the trade before the FMOC meeting. I come back from a 2 hour meeting to see that I would have already hit TP1 and been on the home stretch. I ...

james16 Chart Thread

Clockwork, once again, this is an excellent thread, thank you so much for your time. You had mentioned that trading FOREX is only part of the final game. A trader should learn to trade stocks, bonds, or whatever else as well. Is this so you can stay ...

Silent Service Method

Mike, I got busy and forgot all about you posting this set-up. Good call. I should have been paying more attention.

james16 Chart Thread

Thank you Jarroo. I think the hardest part is realizing that in this business you will lose, often, and that is expected. In most everything else, if you lose, you fail. In this business, losing is part of it, and it is a tough adjustment. I guess ...

james16 Chart Thread