I thought that question was coming... A mid/long term view on a pair can differ from your short term view as price obviously doesnt just go in one direction in order to get to your long term target. This touch trade setup is a defined setup i.e. ...

My path to financial freedom

Morning Nasir, kept my entry from yesterday...not sure why the sudden strong move in CAD...no move in oil.

My path to financial freedom

... url This is a bearish bar - an inverted pin bar meaning there a higher probability that the dow will retrace down today (see Ghous's posts for explanation as to why these work and what setups to look for)...not set in stone obviously but it ...

My path to financial freedom

This is my daily chart...we have a clear channel and can see that we had a false breakout previously that is why I haven'y connected the TL all the lows on the daily...but on the 4H there is a clear TL connecting the lows. There is so much ...

My path to financial freedom

Mistakes that mean you didn't make money are much easier to take than mistakes that lose you a lot of money...trust me lol! Your sense for wnating more money stopped you acting rationally and in line with your pre-set trading plan. If you find ...

My path to financial freedom

Summary of open positions... Short AJ @ 86.80 EJ @ 124.46 GJ @ 143.81 CJ @ 93.52 UC long @ .9923 AU long @ 9199 EU short @ 1.3262 Looking at weekly charts next major PPZ on EU is just under 1.3100 I'll be adding more positions on a retrace back up ...

My path to financial freedom

This is my chart....TL, RN which is also a PPZ and fib confluence...very small touch trade buy or sell EUR / AUD or both downtrend is strong so not expecting a reversal...as you say waiting for PA would be the conservative highest probability ...

My path to financial freedom

These are my favourite trades...trades that make you money while you sleep. pending order short on EU also got triggered over night...order was just below yearly lows...was obvious it was going to break overnight. GBP still relatively strong ...

My path to financial freedom

yeah that would have been worth a lot...there will be plenty of other opportunities though ...when playing pairs ina deep trend on the longer term timeframe I'm never that fussed by PA I'll just play pullbacks to clear PPZ areas and the ...

My path to financial freedom

Found this on my other pairs I watch on daily and weekly...not sure what the spread is like but a breakout trade at some point (if price can wait until European or US session).

My path to financial freedom

I saw this too...although it is a BUOB on my feed (FxPro) i.e. a continuation bar...this is an easy pass for me as the BRN is just above and a big PPZ area (look at the weekly). In order to consider this a viable setup I'd want the BUOB to be pretty ...

james16 Chart Thread

Running tight stops on these with conservative targets...not looking for runners, risk 2% on each i.e. I've chosen the best and not all the setups Also have a pending order on G/CHF to sell @ confluence of round number, fibs and PPZ. EUR / AUD has ...

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Dow futures hitting resistance and reverseing (with divergence) again...the dow is winding up for a big move IMO...we now have multiple tests of this high so we will either burst through (but there is a lot of weekly resistance above) or break the ...

My path to financial freedom

Ghous (or anyone else who understands IPB's better than I do)...would this be considered a good setup? IPB @ top (weekly PPZ above) with divergence...if this is considered a good setup the it could give us an insight as to what will come tomorrow ...

james16 Chart Thread

Getting better at marking my PPZ's is an immediate action point and taking time to thouroughly look at a chart. Thiis was my chart this morning... url Just going over my charts now and this is how I would have drawn my charts...

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Cancelled order now...price only went down to 93 compared to 86 previouisly on Oanda despite both MT4 showing it forming a double bottom on 15min charts. I had an order @ 89 wiht 12 pip SL...ask price is exactly 12 pips or 1R in profit now ...

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EC approaching previous weekly low for the second time ...Oil near PPZ and thus potential CAD weakness...Euro rising off support on EU and UC near support...means its worth a touch trade on EC surely...spread is rubbish on MT4 - 7pips compared to 4 ...

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I exited my UC longs earlier as was epxected oil to bounce off 82 and UC and CJ to retrace so decided rather than hold I'd take profit and re-enter. Oil has just hit a falling TL resistance so have gone long UC (just in case Oil doesnt hit the PPZ ...

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Thanks for the response. Really killing it at the moment Robert...some very nice stats there. Some easy pips today to be made with the moves on xxx/usd and xxx/jpy

100% Monthly consistently

What happened?

My path to financial freedom