eur/aud touch trade. — Half position closed, 50 pip trailing stop applied to remainder of position.

james16 Chart Thread

That is right. perfect setup. or you could close half the position @ 1.60 and stick a 50-65 trailing stop on the remainder of your position, see if you can catch anything extra, at no expense

james16 Chart Thread

GU

james16 Chart Thread

Yen pairs be actin' a fool

james16 Chart Thread

I expected it to hit the yellow trendline.... I had the buy limit placed a bit higher for a better chance of getting in the trade in case it didn't quite make it to the line... I didn't get into trade because of the spread..... (yes, semi-annoyed)

james16 Chart Thread

as much as I wish this was a joke, it's not.... *sigh* missed it by a few pips on my touch trade demo

james16 Chart Thread

well ok.... you rule hahaha. I don't know what else to say. Nice job bro. I missed that opportunity completely.

james16 Chart Thread

no, that's what I meant to do.... — That trendline is a resistance trendline, which i'm thinking is now turned support.

james16 Chart Thread

Meh it's got some small room to run, but I want to show you something very very important. the yellow trendline/147.00 round number I have drawn is important, and will be a good area to look for PA to catch at least a quick intra-day long postion. ...

james16 Chart Thread

url I bought that program and it really is a great way to understand and see how price reacts to old PPZs and old trendlines, even after a long period of time has passed (and you would otherwise assume the trendline is dead)

james16 Chart Thread

I think I'm picking up on this faster than I was before. I see so many opportunities to make good trades almost everyday now. If AUDUSD retraces back down the .9000, I think bullish PA would be a very good indication to go long. Just my $0.02

james16 Chart Thread

I don't like using any trendline or PPZ to the exact pip if there's no round number confluenced to it. so if price "breaks" the trendline by a few pips, it doesn't matter. You need a valid, strong break. I wouldn't jump into a sell stop order on a ...

james16 Chart Thread

EG — something very "spotable" Should be an interesting week for this pair.

james16 Chart Thread

I have a few different saved templates of different data now. I will work on a template now (already started it) where I have a horizontal line every 500 pips, and only draw VERY valid ppz's from the weekly's... I would imagine you do a lot more ...

james16 Chart Thread

Can't do it without the guys in this thread (serious)

james16 Chart Thread

Hello mike, my chart standard for now is a horizontal line drawn on every round number counting in increments of 100 pips. Also drawn are weekly PPZ's based on the last 300 or so weekly bars. Is this a good standard? Too much? Thanks.

james16 Chart Thread

2010, son! — 2010 is here. This will be an excellent year I know. a real tragedy will have to strike for it to be worse than 2009 lol. what an awful year 2009 was. i know a lot of you in this thread made 2009 an epic year for yourselves and ...

james16 Chart Thread

off topic — OFF TOPIC: DO NOT READ IF YOU ARE EXPECTING ANYTHING TRADING-RELATED ***It's a holiday, I hope the traders in here accept the current off topic discussion, if not, PM me, I can always delete my post.*** Lol this is weird... ...

james16 Chart Thread

I'm not going to lie, GJ brok out north, and I thought it was going to head south. (see daily wedge). Although the big break on NZDJPY was a good indicator to tell me I was wrong on GJ. Here is a lil intra-day work I'm going to monitor AFTER the gym ...

james16 Chart Thread

lol. you didn't even get any drawdown on that..... very nice!

james16 Chart Thread