Hi Ady, IMO you cam to the right conclusion on this PB. Yes the location is pretty good - 0.8800 round number, fib, ppz, but I just felt that it would have a hard time pushing through the resistance that has been created by the bars to the left of ...

james16 Chart Thread

so do I I think you've done a good job on identifying your areas of support and resistance on your chart datogio, well done! Here's my analysis of this potential setup. As the bar is currently forming in a area of support/resistance, I'd ...

james16 Chart Thread

I think this could have good potential, at least to make it to the top of the previous bars. It's off a 50% fib retracement and the big 1.2500 round number. However... Have a look at the time left on the bar on your chart - 145 mins till bar close! ...

james16 Chart Thread

Thanks Ghous, I think my progress over the last few months has definitely been down to spending more time backtesting ideas, but also lurking around here more often. It's down to posts from yourself and other senior contributors that help to ...

james16 Chart Thread

Wise words as always Mike. There's the experience showing through again. I didn't even check the timeframe on the chart! lol

james16 Chart Thread

Hi Datogio, Really we want to see BEOB's at swing highs (and conversely, BUOBs at swing lows.) The bar you have pointed out is in a lot of traffic and more at the bottom end of the swing. If you have a look at the chart below, I've drawn some price ...

james16 Chart Thread

Hi Steve, They are two different brokers! I use FXPro (so does Jim, Ghous, Jig etc...), whereas your charts are provided by FX-Pro. Sneakily similar names but very different companies. FX-Pro have their regional office in Jordan, while FXPro are ...

james16 Chart Thread

First TP reached at 131.70, stop at BE. Next resistance area at 132.50, but I'm going to trail this up and see if we can get hold of a longer term move. Maybe the BOJ will step in and give us a helping hand...

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Lol

james16 Chart Thread

It's as if you know my mind Exactly as you say Jig, If it's a valid PA formation on a feed then trade it. More feeds = more opportunities! Best, Chris

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Your welcome Luso. It was the right location to be looking for a setup though, so well done for identifying an area of confluence of factors. That's the main part of this game, identifying those key areas, then waiting for price to reach them and ...

james16 Chart Thread

Got that on my watch list Ghous Here's another one...

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Haha, beat me to it! Nice trade buddy :-)

james16 Chart Thread

Hi Luso, Welcome to the thread! You're right in identifying both the trendline and more importantly the PPZ at 1.3050. When price is close to a major level of support or resistance like this, you have to work out whether the risk is worth the ...

james16 Chart Thread

For those wondering how to set up Price Alerts (sounds, emails etc) using MT4

james16 Chart Thread

Until the PB has confirmed it isn't valid!! Have faith in your trade and only exit when price confirms a reversal.No need to hand back those hard earned pips just yet

james16 Chart Thread

Personally this isn't a trade I would take. If you zoom your chart out (see below) you can see that you'll be playing right into an area of S/R. I was looking yesterday for some decent price action of this type off the 90.00 level, but unfortunately ...

james16 Chart Thread

I played it as a break of the bar with the stop placed below the bar itself. IMO this BUOB was in a good location with a decent bullish close above all the bars over the previous few days. Had it closed 40 pips lower, I would not have taken the ...

james16 Chart Thread

If you're trading PA, especially on the higher timeframes as you should be doing, then news should not have any drastic effect IMO. If there's a daily PB or BEOB in a good location, with plenty of space etc, etc, then trade it as the setup suggests. ...

james16 Chart Thread

gbpchf: BUOB with close above 1.68 and ppz. Partial profits taken at 365ma. Stop to BE, let's see where this is going next... 1.74?

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