Weekly summary — I love being right. Kaching! Price went where I thought it would go, it hesitated 30 pips up, never even reached the next level of resistance or fib or the 365/150 daily emas ( all at 1.5848), and so I got out and went short. ...

Mah Lawg

Long again.... — Yeah....so..... I'm expecting this to go see 1.5800.... I NEVER trade based off the 5 min chart. But it was so much easier to show what really happened. And so far, I went to B/E, then took 20% @ 12 pips, then 30% @ 22 pips, ...

Mah Lawg

My risk management strategy, like the rest of my method is flexible. I try to keep it at less than 5% max S/L, and set to break even at about 30 pips and take 20% profit once I hit about 50 pips, then ride it out until PA tells me to change ...

Mah Lawg

Thanks, John. And yes, Allan is dead on. There are many ways to incorporate the J16 method into your trading style or you could try using someone else's variations. But before you do that, get familiar with the base ideas presented here before you ...

james16 Chart Thread

From one newbie to another, I will tell you that if you are looking to win at trading, you officially hit the jackpot. This method is no holy grail, but from what I've seen, it's as close as you can get. The money/risk management skills I learned ...

james16 Chart Thread

Hrm... — I'm really gonna hate not taking that, but I only trade the markets I'm familiar with, currently EUR/USD, USD/JPY, and GBP/USD. I'm sure I'll be crying all month watching that pair plummet. lol Hey guys, how far down does the 2nd ...

james16 Chart Thread

Not a senior member, but I have been waiting for this setup all week, before it ever even really moved up. A pullback off the sudden break of resistance. YAY!!! It broke through 50% retracement (1.5988) and prior resistance (1.5929) like they were ...

james16 Chart Thread

Yup, yup. — Agreed since there is a pretty heavy resistance line 30 pips up. If anything, I believe that it will be rejected from here, whether it breaks resistance or not, so I am actually waiting for bearish PA. What would register as a ...

james16 Chart Thread

USDCAD and thanks... — I wish I knew how to post markets. USDCAD gave me some good feelings. It started ranging and then created a triangle, then broke out with a pin that suggested that the main down trend could be about to resume. It's not ...

james16 Chart Thread

Cable went to 1.58080 last I looked. I am working today and have seen no PA and can't babysit my trade, so I'm not getting in, but I have seen the Cable over/under react to everything. Made enough on GBP/JPY to make me happy for the week, so if it ...

james16 Chart Thread

Dat chart! — I'm a newbie as well, but I wanted to point something out. That peak that the EUR/USD pair is at currently is also right at the trendline from sept 3rd of last year to now. So, +1 more for confluence. Personally, I will be keeping ...

james16 Chart Thread

GBP/USD? — Hey, guys, this is my first post, so lets start this off right. Hi! ^.^ After reading much of this thread (I'm still digging through it, 7000 pages is nothing to sneeze at), I have come to understand so much about price action, ...

james16 Chart Thread