that is the truth... that setup comes rarely - - well not necesarily, but being able to SEE IT, and have the guts to ACT ON IT is very very very rare. Nice job. I like your posts....

james16 Chart Thread

unbelievable trade. That is the type of trade you need to make only once a month to make the month for yourself....

james16 Chart Thread

dang.... I am getting a black berry so i can catch those email advisory's on the go.... Probably a netbook too, this old laptop has been freezing lately

james16 Chart Thread

I'm considering risking 1% on each instead of 2% on just one......

james16 Chart Thread

Watch at least 3 feeds.... I watch Alpari, IBFX, and I just downloaded FXPRO... a lot more opportunity on the charts when you see the time moved over by 1 hr....

james16 Chart Thread

That's good. I like it.... great way to minimize losses for sure, which is goal #1 in my opinion.

james16 Chart Thread

do it.

james16 Chart Thread

That is just a little bit too robotic for my tastes - - but it would be a reasonable and effective strategy.

james16 Chart Thread

USDCAD is nice too.... coin toss between NZD and CAD daily bars.

james16 Chart Thread

My stop would start off below the low of the BUOB, 2% risk of account. The way I manage trades varies.... I usually watch 4hr for clues, and manually trail my stop along what I see to be "fit" for the trade. If I see price stall for a while and it ...

james16 Chart Thread

That is a great daily bar... we still have a little time before it closes, but yeah a close higher than the high of the previous bar will be absolutely perfect! The 150 EMA is right there too (and today is the first time price has touched the 150 ...

james16 Chart Thread

well, that was effective.... wait to see what happens from here....

james16 Chart Thread

I also have moved my S/L to BE on this pair, I am not closing half until we get to 1.6807 though...

james16 Chart Thread

ehhhhh... time for me to get smoked.....

james16 Chart Thread

daily EUR/CHF???? I'm lost... As far as a pattern, are you referring to the bullish pinbar that retraced hard before it really came to life (after the BUOB formed right after the pin)?? I tried comparing that date with EUR/CHF to GBP/CHF (the pair ...

james16 Chart Thread

fundamental analysis: Can not tell you which way price will go, but can give you all the reasons why.....

james16 Chart Thread

absolutely....

james16 Chart Thread

Here is a chart I can show you that should give you an understanding of when to use these bars as a continuation, the trend here is clearly DOWN, you can see by the horizontal blue line that this bar has bounced off of is clearly a previous support ...

james16 Chart Thread

As you sift through this place, you will find that different people use them in different ways.... BEOB= Bearish Outside Bar BUOB= Bullish Outside Bar they can be used as a continuation, in the correct AREA... AREA is 1st, the PA is second... ...

james16 Chart Thread

It's the weekend... I think the un-seriousness is necessary... but this is serious: thanks for everything, I have learned a whole bunch... I have been looking back at the last 6-12 months of PA since before I found this thread, and I found so many ...

james16 Chart Thread