Good decision,I sure like looking at your charts. I'm starting to demo the more aggressive PPZ style trades and always find your charts / setups useful to review...in fact for the last 4 weeks I've copied every chart you posted into a word document ...

james16 Chart Thread

4H BUOB on USD/CAD with hidden divergence @ a PPZ area and 38.2 fib (not shown on chart)

james16 Chart Thread

Took profit on all but EUR / AUd trade...if it can break through this low (which looking at the weekly is a multi year low) then there is not another bar PPZ for 200pips or so.

james16 Chart Thread

Ha, definitely...smashed through 2PPz area now at the third, stop moved above the first blue area.

james16 Chart Thread

That is a valid point well made, something I overlooked but equally important. It's quite easy for a beginner to get excited and just enter a trade if they get PA at a marked PPZ area...when the type and setup of the PA is just as important as the ...

james16 Chart Thread

Personally I think it's better to mark PPZ, Fibs etc on the chart and then wait for PA at these areas, that way it stops you getting into trades just because there is some PA i.e. you are only interested in your charts when price approaches a marked ...

james16 Chart Thread

I dont do touch trades (well not on live account anyway) as focussing on taking high probability trades on daily and intra-day when time allows. Pin bar with divergence @ a PPZ area...was looking for a quick fast break so can move stop to BE and ...

james16 Chart Thread

Inside Bar

james16 Chart Thread

This worked out nice. The only reason I didnt pull the trigger was that the first 2 trouble areas were too close for me as I would have wanted to move to BE then.

james16 Chart Thread

Thanks, was getting to aggresive wit my trades recently taking too many touch trades / PPZ trades and not PA trades which was causing my win rate to decrease materially...so back to being patient and doing what I know and do best

james16 Chart Thread

Been focussing onnly on the dailies this week and taken 4 trades...all stops moved to BE now.

james16 Chart Thread

I think he meant senior members leaving this thread due to the level of constant unconstructive criticism. A quarter does not need to be a calender quarter does it...it just needs to constitute 3 months.

Jacko's Forex House of Pleasure and Pain

Personally, I'd be looking for a good fast break on this and getting to break even asap...no way would I take a full bar loss on this bar a) because it was formed late on fridayand b) the recent move down has been sharp - therefore I would conclude ...

james16 Chart Thread

Yes, you shouldn't let a winner turn into a loser, taking a full loss when a trade is in profit is nuts and will cause you no end of grief mentally...a newbie seeing a nice profit turn into a full loss will most likely take their next trade based on ...

Jacko's Forex House of Pleasure and Pain

Missed most of the action today cos of the day job....hmmm trading today would have paid more I feel! Looking at the daily charts...there are so many pairs at interesting areas...I've attached a few of them 1. UC - triple bar high 2. GU - if it ...

james16 Chart Thread

Same here...I would expect a bounce at this area as it is very significant.

Jacko's Forex House of Pleasure and Pain

I would give more weight to the 90.50 PPZ area (best seen on 4H) than the TL to be honest...this area has acted as a price pivot a few times.

james16 Chart Thread

I don't monitor this pair, but that's as easy it as it gets in terms of a setup...you can set the entry, stoploss and take profit and walk away with the knowledge that you have a high chance of returning at some point with pips in the bank. I would ...

james16 Chart Thread

When you consider a trade and set your trading plan for the trade (either mentally or written down - the latter is best for beginners) you need to decide what you are going to do at the first trouble area i.e. 1. Take full profit 2. Move stop to B/E ...

james16 Chart Thread

Always good to share opinions on setups... My analysis would have been different. 1. A PPZ area @ 1.6064 2. A BEOB formed of this PPZ - within this hour price touched and rose slightly above the PPZ and was strongly rejected. The close of the bar ...

james16 Chart Thread