Now lets assume that we have this clear and well defined level and price has just broke through. Now we know that all kind of traders are aware of that fact and most of them seeing raise in price momentum after the break will try to buy that level ...

Fail Better

Hi guys, This is A) Bollocks OR B) a nice and easy way of defining a strenght of particular level. The first one is the higher probability setup with very tight stop and the second one is bit more tricky. Why? .... the thrust & break of the lower ...

Fail Better

I would guess that there is a lot of sell stops below the 1.531 level.

LJ Forex Group

Nice job on the GU LJ. I took GJ short on the BEOB retrace. The good thing is that the major selloffs on ths pair occur at 12:00 H4 candle on fxpro feed.

LJ Forex Group

Took that EG short in the ass with full R. Now lets wait for this wedge to play out. DJ is already below the TL and hanging on the 12350 support. A retrace entry on AU / NU would be nice.

LJ Forex Group

I am eyeballing this level since yesterday. I hoped that price will fill my order bit higher but now it doesn't look so good

LJ Forex Group

After the H4 bar broke i've set the buy limit at the minor support with stop just below the 1.53. SL is below the current h4 bar now. (Should have take full proft @ fta.... gravity is strong on this one)

LJ Forex Group

They did not change the asset purchase facility and thats a good sign. Took 2/3 of the table before the publication.

LJ Forex Group

That was very good area to short it and its always "a bit" iritating when price is missing an order by few pips. I was thinking of shorting it aswell but wasn't sure about the stop placement and possible R:R hence i skipped it. On the other hand i ...

LJ Forex Group

I took this GU long and i am expecting some short covering prior to the IR statement. Simple PA trade at good location but if nothing happens in next 1.5 hours then i will cut it.

LJ Forex Group

Yepp... fully agree on that aswell. On top of that i would add the current longterm GU support which if broken might cap GBP longs. edit: GU looks neat for long atm imo. Cheers

LJ Forex Group

Hi LJ, I thought i would share this observation here. We can see strong money outflow from GBP to NZD from beginning of this week. It might be good GBPNZD buy opportunity during the risk aversion. 1.9 area looks interesting.

LJ Forex Group

I haven't seen so clear representation of retail flows for some time now Everybody and their grandmas are betting for SNB intervention in order to defend the 1.2 barrier. Price keeps going lower and retail long-exposure gets higher and higher. We ...

james16 Chart Thread

Very well defined and clear supply zone on EJ.

Fail Better

Hi Megel, I was trying to get it for 1.5475 but now after this decline i am erasing my order. This not so well defined pattern on m15 was meaningless compared to overall setup on h4/h1 imo. I found myself getting scared from lots of the trades ...

Fail Better

Hey PB, These pre-intervention bar highs represent nice & clean demand level which have not been tested yet. On the other hand i wouldn't be surprised to see deeper penetration to the intervention spike-up base but this level looks good as a ...

james16 Chart Thread

Hi Guys, UJ is aproaching very strong PPZ area. Buy orders are stacked around 76.30. Be prepared for some nice action there

james16 Chart Thread

I had this on my watchlist but i decided to stop trading till the end of dec however i've got bit puzzled by "I got stopped out at 0.9299". What was your trade management plan here?

Fail Better

I have an oppostie view to that. Those small range bars just at the bottom of the range shows that there's not much demand atm and on top of that price is making lower highs after each test of 1.3 area. Divergence is there only becouse price is ...

james16 Chart Thread

Hey B. Even in strong risk-averse theme yesterday, eurchf managed to stay above 1.23 and that says a lot about the current sentiment.

james16 Chart Thread