GBPCAD. There is a lot of traffic below that bar and stronger reaction at that level is still highly possible imo. Its very strong location and that bar might easily trap some breakout traders. PA below daily will give some important clues.

james16 Chart Thread

Fib alone wont always cut it. 1.3550 was acting as a support twice on the PB day. Area below those lows was quite good to keep the stop loss.

james16 Chart Thread

There would be no signal on d1 but h1 tf provided clear opportunity to short with tight stop. Sometimes it pays to dig a bit deeper to find a better entry All the breakout players get their a** spanked right now

james16 Chart Thread

From daily perspective it doesn't look attractive but there was nice opportunity to enter on h4 tf. I wouldn't say its below the weekly support. last test was at 1.5780 (07.12) and we are still above that. That level is very clear on the h4 atm. We ...

james16 Chart Thread

I think that most of us came here for James16 teaching and i believe Jarroo added his spin to this methodology as most of the seniors here. Personally i am leaning towards S/R trading mostly without bar confirmation. It wouldn't be fair if i didn't ...

james16 Chart Thread

GbpCad is aproaching its weekly support. As clear as it gets.

james16 Chart Thread

Right Lets get back on track then....

james16 Chart Thread

I am not trying to force my opinion on you Pb. It just sounded like a statement to me and thats why i replied to it.

james16 Chart Thread

I cant agree with you here. Some traders know how to exploit inefficencies of the market knowing why some moves might occur and/or who might be behind them. There is no point in saying that its unimportant just becouse one doesn't believe in it.

james16 Chart Thread

Not long ago you were talking about psychology behind the bars my friend. He wasn't rude or anything, he just tried to shed new light here and your reply wasn't nice. Being ignorant about stuff behind PA is not a good idea imo

james16 Chart Thread

Hey Mike, I've cut it at be seeing this daily consolidation and when price triggered those stops below the support i was sure it was the best decision . Although i am seriously jealous now.... 10.070 looks neat Can i ask how big was your ...

james16 Chart Thread

Hi Tom, i had this exact level marked on h4. Triple high breakout point + clear fib confluence. This scenario played out pretty well imo.

james16 Chart Thread

I wonder how did you manage to get the 50% fib confluence there.

james16 Chart Thread

Strong support area on Usdchf. That would be prime location for h1 pinbar

james16 Chart Thread

With that trend we will get to 0 trades per month and we will be still better then those 95%.

james16 Chart Thread

Only a major selloff in global markets could push that pair higher imo. I am pretty confident that we will see new lows on this pair sooner or later.

james16 Chart Thread

Anybody is watching this longterm support on USDNOK?.... Spread is too big for my liking hence demo only . H4 buob and very well defined area to put the buy limit order. Taking loss under the buob bar would be very inefficient way of playing out ...

james16 Chart Thread

Audusd is slowly aproaching high probability area to short.

james16 Chart Thread

Bounced almost to the pip. :=)

james16 Chart Thread

Imo this level has been now sloshed too many times to be considered a strong flip area. From weekly perspective you can pinpoint a resistance @ 0.8880.

james16 Chart Thread