EUR/AUD — Could I get some feedback concerning this possible trade opportunity. I see a Bearish Outside Bar forming here on the EUR/AUD daily chart. I think that some wait for a retrace before executing a trade on this set-up. I see some room ...

james16 Chart Thread

I agree with you Sherm on the E/Cad. I'd like to see it move up to .6535 and convince me to short to the 150 ema. K.I.S.S.

james16 Chart Thread

My father wasn't a trader but would always tell me "watch your pennies and your dollars will take care of themselves." I can remember when I started trading with real money at 6 cents per pip. I'm not ready to trade for a living yet but the ...

james16 Chart Thread

Haha! I was just trying to be a little less crude. (crude is more my style) Just proves that crude stuff is more funny.

james16 Chart Thread

Haha! Yeah it does. It did with me. Former knothead/numbskull speaking with candor. Now I want the market to commit to me-not just flirt with me. I used to wonder how these guys made any money trading-----they always poo-pood on everyones chart ...

james16 Chart Thread

I can't tell if it is on yours so much but it looks fine on my feed. Did I trade it? NO. Why not? Mainly because of the Sunday candle that it opened and closed within. My Sunday candles gap most of the time (this one did not). I trade forex not ...

james16 Chart Thread

Also, even if you get a pin on the aud/cad pair, the market there is consolidating now over the past few days. You may consider more of a breakout strategy for this trade short or long. Many things to consider when you find one of these "pin" bars ...

james16 Chart Thread

Good observation. The question is where it closes. If it closes as a pin I will be looking at it at that time as a candidate for a long trade. I say a candidate because even a long position will need to be babysat with tight stops because of the ...

james16 Chart Thread

Enough to grow your account nicely if you know the material. K.I.S.S.

james16 Chart Thread

Hmmm.....This would be a great place for a Pin at todays close IMHO. We shall see.

james16 Chart Thread

I just use my "would I post this trade on the James16 thread" indicator. It really is a great way to profits. K.I.S.S.

james16 Chart Thread

This is where we newer traders get our money taken from us. These are those ambiguous set ups that are 50/50 at best. You see them often delivering the goods and think that they will when you set up YOUR trade. Maybe/maybe not and that's not good ...

james16 Chart Thread

Hey Chris! Congrats on your good fortune in this GU long. There was quite the discussion back when this opportunity presented itself. Maybe this link will show you what was hashed over concerning this trade starting with my comments. Take care ...

james16 Chart Thread

Here is my take. I hope that I help you with this chart. I see that the Pin is off PPZ and resistance. My only concern is that I see a possible stumbling block at the 1.2543 area. I'll let this one break and then pull back before entering. This will ...

james16 Chart Thread

Thanks for the encouragement Jaroo. It's fun and embarrassing at the same time to go back and look at myjournal that I used to keep. Had some really great success for the most part, but couldn't justify the pressure of watching my trades so closely ...

james16 Chart Thread

That GU trade was just a great example of what Jim said many posts ago. "it ain't such a bad thing to get stopped out at break even". He's right of course, but a skull as thick as mine needs to lose some money from bad trade management to ...

james16 Chart Thread

I agree with you. I think it will eventually get there I just don't want to take a loss if I can prevent it. To each their own Ghous. Best of luck to you and thanks for all the charts you post. I'm a big fan of all the chart posters here!

james16 Chart Thread

This trade has given up some profit (35 pips)and I have taken half of my position off the table at 1.4347. I have also moved my SL to 1.4312(BE). My ultimate TP for this trade is the 1.4407 area. Update: This trade has ended. Stopped out for a total ...

james16 Chart Thread

If you are a TOTAL newb, and trading demo on daily charts, just wait until your daily candle finishes forming and trade what you see there. There are many crosses to look at while you are learning to trade and you will find many opportunities to ...

james16 Chart Thread