When You think that everything is settling down then another bomb hits the market. I see there is a new trend of "lets pick the XXX/CHF bottom" on other threads. Good for adrenaline junkies

james16 Chart Thread

Clear level on weekly and below it. Those are the best if one want to pinpoint the entry ... Nice to see You Jarroo

james16 Chart Thread

Euro is rising against Nzd in risk-off environment but if markets will cool off a little then this area might be a good opportunity to re-enter this strong downtrend. Good chance that weekly buob will make it.

james16 Chart Thread

Anybody took this cherry setup here? Imo those are the ones that should not be missed. BEOB with retrace to strong resistance in strong downtrend.

james16 Chart Thread

And we will have a nice beob on daily tf probably. Retest of the breakout area a bit below the 1.25 might give an opportunity to short with tight stop. Would be nice to see 1.2000 in few weeks. Definitely one of the strongest setups for some time ...

james16 Chart Thread

It all looks pretty on the hart but the thing that worries e about this partiular setup is the ajor step forward in Greee debt ase and io assiely oerbought swiss urreny yes I spilled wine on y keyboard

james16 Chart Thread

Hi Decentchap, If You will use low enough number on any indicator then there will always be a divergence... just so you know. Check standard settings on macd/rsi....puff! divergence gone

james16 Chart Thread

There was a reason for not taking this bar and that reason alone kept You from taking a loss. Lower price on gold is only perceived as better buying opportunity. Shorting this market is asking for troubles hence it was an easy pass for me aswell.

james16 Chart Thread

There was Hawkish statement from BOC yesterday about future IR policy hence all those breakout on Cad pairs. That was my main reason to enter those two trades with Gbpcad being my favourite (really strong area on daily tf & IB on weekly).

james16 Chart Thread

Hi trader3000, Right now it would be second test of that area and i am not so fond on fading price aproaching the area second time. I like to be on board while the hype is still fresh CHeers

james16 Chart Thread

Just to prove the point how reliable those levels are.

james16 Chart Thread

Hi Valinn Those daily highs around 1.5075 might work as an obstacle. Something that should be kept in the back of the mind i think. Gh

james16 Chart Thread

Well defined Double Bottom on USDCHF. Strong impulsive buying is a good sign. Blue rectangle might work as a strong support on the retest. 0.8282 on the other hand looks like a no brainer level to go short with very tight stop. OK..... now i'm in on ...

james16 Chart Thread

Thats an interesting bar with strong close. Since price haven't made any retracement today then it be might good idea to look for tighter entry at 0.8750 area. Bar high penetration before that would be nice. Cheers!

james16 Chart Thread

I am trying to find that cad pb... is it weekly usdcad pin?

james16 Chart Thread

It looks like the support is holding for now but personally i stir away from this pair for now. It is a bad news ping-pong between US and EU at this time. Too much informational chaos and fake moves imho.

james16 Chart Thread

Hi AndreasF, I usually dont go deeper then H1 and this trade was rare exception The main reason was loaction and the bearish pattern on m1 ... pb was a nice addition Cheers! Gh

james16 Chart Thread

I have awaiting buy limit orders @ 1.5950. Very strong, confluenced support and HH made on strong buying. One can add weekly buob as a nice addition

james16 Chart Thread

A simple PB trade i took today. I was waiting for price to hit the TL and resistance area (one can add an open gap close to the confluence) but m30 pb and 1.1500 (well defined support on lower tf) was good enough for short entry. Full profit taken ...

james16 Chart Thread