higher frame J16 principles can be applied to 5min too...especially when a pair is trending nicely. Adding multiple positions as price bounces down the MA's can really make for some high %R trades. I'm in three positions (on demo) on this ...

Jankone M5 thread

Havent got a chart to hand...but EU broke multi-day lows this morning and retraced back to test the fromer support now resistance area and formed a 1HR BEOB from this leel and through the BRN below...a decent continuation bar IMO, however weekly ...

james16 Chart Thread

Nice work ...must have been a nice %R on EG trade.

Trading with Deadly Accuracy

Hey Josh - nice journal, I like your charts too. One of my projects for the next couple of weeks is to do some further analysis, watching, demoing and research on the 5min time frame. Have you read Phil Nel's 5minute strategy by the way...it's a big ...

Josh's Trades

nicely played...do those RR lines represent risk / reward i.e. do those lines represent when price is at risk / reward 1,2,3 etc...if so how did you do that - was it automatic or manaul?

Jankone M5 thread

Defintely a lot of potential... if you can handle the stresses of the lower time frame. It's all about chart time I reckon on this time...wathching, learning and demoing and then you will get the confidence to take trades automatically and like you ...

Jankone M5 thread

I have thee same areas marked as you...notice how we had fib confluence on the first area you marked...a pni bar at the pivot for the second area you marked and then a pin bar with divergence as a reason to exit long and start entering as short. ...

Jankone M5 thread

I've been doing the same...just focusing on EU with a couple of MA's, RSI, pivots and higher frame PPZ's...it's amazing how you can get a feel for how price will behave, I suppose it's much like ROASO in a way/...but after a while you get to know ...

Jankone M5 thread

With oil futures breaking the TL...was a high probability UC was going to break it's own TL especially as USd decreasing across the board due to increased risk appetite. Although with oil now @ PPZ and Uc approaching PPZ also (and divergence on oil) ...

james16 Chart Thread

Been watching this pair over the last week. In a recent up trend with the two TL's and has appraoched a BRN and 50% retracement. Zooming into the daily you can see the current consolidation box...I'm waiting for a breakout of this box. Looking at ...

james16 Chart Thread

Multiple bar touches of the 1.3800round number and the PPZ below made me convinced price was going to push through

james16 Chart Thread

Took trades on retracement to the 1HR PPZ's (UC, CJ)...held onto A/C from the DBLHC at TL / PPZ low. Though oil has broken back above the TL...

james16 Chart Thread

half of the table @ 1st trouble area...remainder to BE.

james16 Chart Thread

Damn...the retrace fell a tad short of my pending orders

james16 Chart Thread

Had exactly the same chart...currently demoing FX pairs correlated with gold, oil, equities etc...so played the CAD pairs on the break of the BEOB on oil.

james16 Chart Thread

Have to agree...the BUOB has occurred at a swing low but there is no other confluence on my charts ...the trend is clearly down and the first trouble area is the former TL which you would expect some sort of reaction to as it is an obvious area many ...

james16 Chart Thread

The 4HR BEOB was better and tradable IMO

james16 Chart Thread

As supreme said...read the thread, learn the principles, practice on demo (as per rules on page 1), ask as many questions as you like...there are many good people on this thread willing to help out newbies but you need to be willing to put in the ...

james16 Chart Thread

I would have probably had by stop above the PPZ area you had marked so might have got hit would have been a few pips either way. I probably have played an aggressive break out of bar lows rather than the BEOB if I was still in the ...

james16 Chart Thread

Not taking any intraday trades today as got burned with CHF yesterday, missed a realy nice EUR / CAD trade earlier in the week, plus its quadruple witchhunt friday or something (lol) and most importantly I'm off out on the beers in an hour! So using ...

james16 Chart Thread