Hey G, I was really hoping for a stronger close on this one. The close as is, makes it fairly vulnerable to the prior holdup (consolidation box) at the swing low. I certainly wouldn't want to long straight off the daily fake out. At best, maybe wait ...

james16 Chart Thread

EUR/NZD ended up being a pass. I am not too sure heading back into that MAJOR PPZ. image g.

james16 Chart Thread

Still quite a few hours left before the daily close. Some of these look really interesting. The EUR/NZD in particular due to the 1.600 BRN confluence. g.

james16 Chart Thread

Hey Str8, You have a point but I don't think its something you can generlize for all news events. Most of the fundemntal activity is more closely tied to the technicals than is obvious. This happens because of the edge that some people who follow ...

james16 Chart Thread

Nice. We had the longer term story play out here. The temporary hold up at those lows had me excited till yesterday's bar closed weakly and we were struggling for momentum pretty much throughout the whole of today before we finally dropped ...

james16 Chart Thread

It is good to see you dropping by the public thread Patrick For the new faces in here, Patrick's been with the group for a very long time and has one of the most active and information laden sections on the private side. As is obvious, I haven't ...

james16 Chart Thread

Correct. I think the pin bar itself is small. The major issue here though IMO, is the lack of space. the 8700 and the minor PPZ at it is not far from the break of the pin bar. Now looking at the current scenario and seeing how price has hit the FTA ...

james16 Chart Thread

After a period of strong trending, we have, for a long while now gone sideways and choppy. Importantly, price has been spiking its way up and getting rejected again and again. This is what caught my eye more than the H&S as you're right its not as ...

james16 Chart Thread

Hey Stark, Yes you pretty much got it. The reason why its always preferable to keep away from taking small bars headed against a major move is because the pin bar itself is weak to allow enough doubt in a conservative traders' mind. We know there is ...

james16 Chart Thread

I'd be careful there. That looks a minor swing point and the overhead bearish story is quite well established. A tricky one for sure. image g.

james16 Chart Thread

The longer price holds around the more it tilts towards a fake out story. If this closes above 1.35, it could get fairly interesting image g.

james16 Chart Thread

Yes it does. The pin bar closed above the RN 1.35. There is also PPZ and trend line confluence, and yes the pin bar is a fake out too of the consolidation box. Despite of all the merits to this one, which gives me a strong bias to the upside here, ...

james16 Chart Thread

Good trade buddy. The real edge with throwing in the breakout pie into the mix, is that you can expect price to deliver momentum. When it doesn't do that, that in itself is HUGE information. I followed how you drew that support trend line and ...

james16 Chart Thread

Obviously we don't have a fake out off of that larger channel. I was referring more to the slightly shorter term wedge pattern (see my chart). This is precisely why I am not a big fan of trend lines. I like to use them for confluence and demarcate ...

james16 Chart Thread

Great story developing on the EUR/CAD. image g.

james16 Chart Thread

good find. That is a nice BEOB g.

james16 Chart Thread

The "probablistic view" to find success in this business extends into the idea of a "probablistic world view" to solve most of other problems in your life too. There is quite a bit of literature around that advocates the use of a probabilstic world ...

james16 Chart Thread

That was anything but a rant. Good stuff. g.

james16 Chart Thread

Hey Chelski, I did the same. Even the fall back down under the HHR was closer to a rounded retest than more of a spike which I would have oreferred. When it did decide to play the fake out, it just dropped like a stone and you're right in that there ...

james16 Chart Thread

Absolutely! g.

james16 Chart Thread