This was my thought process on this one Pros; Valid Pinbar at 130.00 BRN Wide open space FTA a long way from the entry Cons; Catching a falling knife Weak close (would be better to see a close near the top of the pin) No Divergence Lack of ...

james16 Chart Thread

I like to separate trouble areas into Major one's and Minor ones, A minor one might just be just a single prior bar high or low, and although they can never be ignored, I think it's reasonable to assume that if the bar is large enough, it should be ...

james16 Chart Thread

Hey Adillius. If I may.. You're right many setups, especially lately, have many trouble areas very close to the entry price. This is due to the fact that these bars are trading into traffic. I hate to quote the USD/CAD weekly bar again because it's ...

james16 Chart Thread

I think just Jonny will be fine Edit Oh this one's pretty catchy..

james16 Chart Thread

Thanks for the support Jarroo Changing my username would probably coincide with a losing streak, overconfidence seems to be a killer in this game Have a great weekend!

james16 Chart Thread

These are the setting I use for 100 pip intervals Although the 1000 should be changed to 100 for 4 digit brokers J

james16 Chart Thread

Probably part of his new ebook; How to turn $1 into $1000000000 in 4 weeks

james16 Chart Thread

I hope you mean you lost 70% of a full bar loss and not 70% of your equity on that trade Yeah I just closed at 1.6215, running into heavy traffic now J

james16 Chart Thread

My stop's at BE too Chris If we break higher out of this little consolidation I'll hide my stop under it and see if we can get a push to 1.62 Jonny EDIT: Oh we did already

james16 Chart Thread

I think the reality is the FTA is almost always pretty close to the entry in relation to the stop size. But with big bars and good locations, my experience with the J16 material so far tells me we can expect a high number of these trades to make ...

james16 Chart Thread

Looks like we had a real stab at the 1.6 BRN this time I like this bar very much order placed at 1.6105 (above the BUOB and round number)

james16 Chart Thread

Not something I have experience with but there seems to be a daily I4B on a BRN on the EUR/JPY I hear they can be somewhat lucrative EDIT: Also on AUD/USD

james16 Chart Thread

around 5 pips above the pin, something like that. I rarely trade on retracements Jonny

james16 Chart Thread

Another one I came close to taking (I'm sure passing on a lot lately) The bar size wasn't huge and it's pretty late in the trading day. But we had a BRN, minor divergence and PA. Also I like the space and way the trouble areas are clearly defined ...

james16 Chart Thread

Thanks dude, but I'm just repeating what the seniors taught me here Don't worry about your English, it's probably better than mine, and I was born in England

james16 Chart Thread

Hey Mike, I did see some small pins (under the arrow on this chart) And I remember thinking at the time that this could be the top, but they just didn't look big or dramatic enough to do anything about. Which turned out to be a good decision as ...

james16 Chart Thread

AUD/NZD was looking very exhausted in that rising triangle with divergence Eventually broke down in a big way, shame there was no pullback or PA even on lower timeframes. Although going short near the top there would mean trading into massive ...

james16 Chart Thread

I used to always use bars, but actually I recently switched to Candles as it's a little easier to see the Open and Close of the bar, when the charts are zoomed out a long way. But as Jarroo says it's all personal preference, Color scheme makes a big ...

james16 Chart Thread

What I mean is, There is often a high volume of orders stacked around the Big Round Numbers (I learnt all this from Mike) What we want to know is if these orders provide an excess of Supply or Demand of the Currency at that level. The only way to ...

james16 Chart Thread

Hi PB, If the bar had formed they way it looks in your chart I would absolutly have taken it, not because of the Fib but simply because a nose like that shows that all the orders below 1.55 were tested, and proved that there was a ton of demand ...

james16 Chart Thread