yes. The BEOB has dropped back into former resistance without using it as support and now price has once again flipped back to finding resistance off of it. These outsdie bars across the Aussies have been good. g.

james16 Chart Thread

hey Dark, I find it to be a pretty mediocre setup. I commented on this a little earlier as a response to the same setup posted by Artur. You can find it here g.

james16 Chart Thread

With regard to what I have said here, I actually just answered a PM that is along the same lines. The question put up was basically along the lines of why price holds up prior to a breakout when really if price wants to breakout then it makes sense ...

james16 Chart Thread

Nice one g.

james16 Chart Thread

When shorting into major swing points you've got to be extremely careful. Notice how price accelerated into that major swing low. It just sets up such a reliable trap for the bears. The point to note here is that you're shorting right into the ...

james16 Chart Thread

Yes that sounds good. Instead of 1 trade a week stiff target 4 a month sounds very reasonable. G.

james16 Chart Thread

Correct! Plus that prior swing low and LLS point is MASSIVE! G.

james16 Chart Thread

Awesome Dan! Way to go! g.

james16 Chart Thread

Yikes!! Id be chewing my nails through this one. G.

james16 Chart Thread

Hey P, You're right in that playing a straight break of the BEOB is too risky as the BEOB is still caught up inside the wedge and you're then only playing the hoping game by betting on partial information. For me though this would be more of a bias ...

james16 Chart Thread

Hey G, Following correlation isn't lethal and it doesn't hurt. What does hurt is simply the way many choose to use it. Correlation is something that does truly exist as the markets in general flow in tandem. So you could have inter-market ...

james16 Chart Thread

Hey Artur, This looks quite tricky with the size being so small and the close itself stuck within the larger PPZ at play here. One of those instances when you're not quite sure if a PPZ is working as confluence for the trade or as a major close by ...

james16 Chart Thread

Makes sense Jib. g.

james16 Chart Thread

Hey P, Totally agree that you must bring down the number of trades ( at first at least) to find that consistency by taking only the very good setups. What you should not do though, IMO, is to give a number to your frequency of trading. 1 per week ...

james16 Chart Thread

Sounds good. But could you be more specific? What kind of info? Are you looking for another daily bar, or go down the time frame ladder or wait for a hard break or something else? g.

james16 Chart Thread

But how do you plan to manage the trade? Are you playing for the gap or plan to hold on longer? g.

james16 Chart Thread

And here's the second setup - a BEOB. There is macd divergence here too that's not shown. Good luck. image g.

james16 Chart Thread

It is the weekend, and its time for the weekend fun game. Here's the first setup. A BUOB off a longer term trend line and a RN. How would you trade this if at all? image image g.

james16 Chart Thread

All I can say is . . . hats off to you bud. Yes the thread is a long. Yes it takes a lot of time to go through it. Yes this means dealing with some off topic stuff in between but nothing stops a determined soul. It just boils down to "How ...

james16 Chart Thread

Great post P, It is absolutely vital to learn to accept a few losses along the way. In fact I would literally be harsh and cruel if I say you should be expecting genuine losses along the way as mistakes may reduce in volume over time but will never ...

james16 Chart Thread