I left my pending order and got badly burned when the GJ shot higher on supportive GBP news this morning...grrrr it's been one of those days! Lesson learned!

Trading with Deadly Accuracy

Good, yourself? I've learned a lot from your charts so keep em coming

james16 Chart Thread

Very nice! Could you expand on why you got in the UJ trade where you did?

james16 Chart Thread

Hey, I would have taken this trade...I see what you're saying about the size of the previous OB and I took that one too, but IMO you have to look at the size of the current OB in relation to the preceeding bars. The previous OB was very large but ...

james16 Chart Thread

Nice...I had seen this setup earlier but didnt set an alert and it had broken hard by the time I re-checked my chart...nice easy trade that one.

james16 Chart Thread

Sorry I mean BEOB on 1H following a break off the previous support area...

james16 Chart Thread

I wouldnt take this as its not a great location and is counter trend...I am in multiple shorts on this pair and see price getting to the 1.05 area...you will see the pin comes after a continuation BEOB bar too. It might work but I'm firmly in the ...

james16 Chart Thread

Not sure where you TL is drawn from as it seems closeer to the price than mine. Price has gone above the 50% fib so I would only consider a short if price retraces down through it i.e. @ 1.5200. I think 1.5300 is a better entry for a short ...

DanUK Trend Trading Journal 2010

TP hit for a 98 pips profit and more importantly 2.4R. A couple of 'continuation' bars I took today 1. GBP / CHF - 4H BUOB - taken some off at first trouble area and the rest at BE 2. EUR / GBP - 4H BEOB and 1HR breakout and retrace of TL (Nasir ...

james16 Chart Thread

It is an advanced entry without any PA...price did not close below the 1.5000 area - that was very important, if it did then yes I would not have initiated a long and would have been looking at a breakout and pullback opportunity to go short. I ...

james16 Chart Thread

Took half of @ 1.5085 for a 2% gain and moved SL up to 1.5030 on the other half...with TP set @ 1.5200 will move stop loss up to 1.5085 if we get to 1.5125

james16 Chart Thread

1st chart shows the strong PPZ area at the BRN on the 4H I didnt wait for the PA...the strong PPZ, 61.8% @ a BRN with divergence on the 1H was enough for me so am at BE from long at 1.5004 (average). I don't trade 2H , 8H, 2D pins but if I did I'd ...

james16 Chart Thread

It moved down a little bit

james16 Chart Thread

I took this trade...I agree you can take B/C 'grade' setups as long as you know the first area of trouble and as long as it breaks hard....this was not the best setup but still one that had a decent probability of getting to that first trouble ...

james16 Chart Thread

Ahh....yes...didnt get any decent PA on my feed.

Trading with Deadly Accuracy

It stalled at 50% retracement

Trading with Deadly Accuracy

eg BUOB at 1H support

james16 Chart Thread

I even had some PA on my chart to too image

james16 Chart Thread

It didnt make it up to the S/R zone - high reached was 138.08

Trading with Deadly Accuracy

Thanks Tenapenny...you summed it up nicely. As to why I shorted...the trend is clearly down and I do not give a huge significance to the deep sloping TL as I do horizontal support / resistance areas. Until we can close above 1.3850 then I am short. ...

DanUK Trend Trading Journal 2010