Trade analysis — Hi Ghous, I can understand when a newbie like me says that a particular trade setup is A+ and the seniors downgrade it to A / B or maybe C. If you say that the last setup as A+ then I better believe that as you are making ...

james16 Chart Thread

Trade analysis — Hi Ghous, Thanks for your answer, however, it did not answer the basic question as to what made you ignore the FTA of 82.46. That fact that it pierced through this FTA is all an after thought and in hindsight. At the time of ...

james16 Chart Thread

Hi Ghous, I am confused now when you say that this was A+ setup. The PB low was 82.65 and if we keep a 5 pip buffer the entry would be 82.60 and FTA at 82.46. That is 14 pips profit including the spread for a risk of about 45 pips (SL @ 83.05). Am I ...

james16 Chart Thread

Mike, even tough the close on the BEOB was strong, there is plenty of traffic on the left, therefore, can you share the reasons for taking the short trade. Cheers Novice 198

james16 Chart Thread

SC — SC, I thought by now you would have known that most of his time (and I suspect yours too) is spent answering the questions from newbies (like me), which are repeated every couple of pages. I sincerely hope that you senior guys including ...

james16 Chart Thread

Thanks for the analysis — Hi Ghous, Thanks for the insight to your analysis of the trade setup. Hope to get this ingrained in my subconscious mind. Cheers Novice 198

james16 Chart Thread

Thanks — Hi SC, Thanks for the explanation and replying to my mail. Cheers Novice 198

james16 Chart Thread

GU BEOB — SC, It seems that the BEOB has failed. Can we say that it would have been more convincing had it closed below 1.5450, though it was slightly risky being a CTT. On the other hand the current candle is forming a BUOB. Ofcourse we have ...

james16 Chart Thread

Trade analysis — Hi SC, Thanks for reminding that Trading is personal and one system cannot fit all. I was wondering whether I had really missed the whole point of PB size and location and as such I was looking for some validation by the ...

james16 Chart Thread

4H PB — I thought this PB was small compared to other bars in the vicinity. Also it closed the below the RN 87.0. Am i missing something or trying to be too choosy?? Cheers Novice 198

james16 Chart Thread

Trade analysis — Hi fx_heaven, Thanks for the informative analysis. Now the challenge for me is to stick to plan like this. Tomorrow is another week and I will try once again to be choosy in my trading. Cheers Novice 198

james16 Chart Thread

Lost Trade — I was short on NZDUSD on the 4H TF. Entry below the 2 PB on 4H TF. SL above PB and same was hit and Trade lost. Looks like last weeks PB has been negated by this weeks bull move. FX where is your SL for the short entry? Cheers ...

james16 Chart Thread

Dan, Pls pardon my ignorance, what strategy are you applying. Is it break of an IB? Cheers Novice 198

james16 Chart Thread

Thanks for the clarification and the indicator. Both are great. I started about two months back on J16 and now I am again a confused man and struggling. I just don't find any trades using J16 method and as a result I look for trades using my old ...

james16 Chart Thread

Hi Tubguy, Noted what you are trying to say. However, if it is not .8650 then it would be either .8600 or .8700 in other words every 50 pips there will be RN and there are the really BRN. I take it that we should be wary of the RN only if the setup ...

james16 Chart Thread

BEOB and BUOB — benji, when playing BEOB and BUOB trades what Risk:Reward you must have to enter the trade. Cheers Novice 198

james16 Chart Thread

Trading Higher TF — Hi Big E, I recollect that you were using this setup on higher TF also with success. Does the above post mean that you have stopped trading on higher TF using this setup. Cheers Novice 198 PS :- I just read your last post ...

Craig Harris Stochastics Method

News — Pippage, Totaly agree with you. The figures were 5 times better than forecasted figures, therefore, immediately after the news CAD rallied. EUR CAD moved down considerably as did other CAD pairs. Figures released close to forecasted ...

james16 Chart Thread

Tax break — To start with Singapore. No tax is levied on Trading. Cheers N

Taxes & Forex

Tax on Trading Income — Guys, Once you start raking in big bucks another alternative to paying taxes would be to move to another place where no taxes are levied on trading income. Cheers Novice 198

Taxes & Forex