You might say that He is playing against the 1.600 BRN, selling into the support / last lows but for momentum traders that might be good position. There is no "one fit all" answer here. GBP is sold heavily not without the reason but i wont go ...

james16 Chart Thread

I am not a senior here but i noticed that tight stop. Is it entry stop or did You trail it. With this tight stop on entry You know you cant lose that trade . 1.6000 BRN is near and 1.5980 mucho strong support is just below. Good luck!

james16 Chart Thread

This one is bit more exotic. I would like to see price making HH but it fits my standarts (Ups..there is no outside bar). Happy Midsummer to all!

james16 Chart Thread

That is a beauty. I was watching that breakout to the upside and i thought it would be good to see price closing below that res. The breakout players had to puke hard there Cheers

Fail Better

Hi Tom, Those are truly one of the best setups out there. I've noticed that often times the previous swing low (or could i call it left shoulder) works as a pinpoint entry on the retrace of the swing failure pattern.

Fail Better

Hi Guys, Anyone watching GbpChf?... Support just busted after MPC minutes. In my book that is the most interesting setup at the moment. I've split my orders and have sell limits in 1.361-1.364 area. Additionaly there is BEOB on some H4 feeds ...

Fail Better

Buyers prove their existance at that level but something tells me we might get another leg to the downside. Buying next LL might be the play Cheers!

james16 Chart Thread

In the end price missed my Buy limit by 2 pips before shooting up 50 pips. Entering that move now is a lot riskier imo then entering just at the support. Ofcourse order must be hit first :/ ....... Didnt expect 0.8000 to bust at the first test from ...

james16 Chart Thread

I dont know...I dont pay much attention to divergence anymore. I know those levels usually work as a brickwall but as You say, expecting strong sudden move upward in this environment is bit too much at the moment. In my book that is a high prob ...

james16 Chart Thread

Thats right...the momentum is there but that doesnt neglect the strenght of that weekly/daily support. For me it is be to early to take the long position but 0.7960-70 looks juicy. Right now we are raiding on Greece fears but 1.4000 (EU) is very ...

james16 Chart Thread

You got my vote Nasir

Order Flow - Achieving the mindset

Chf is weak across the board today. 1.4600 might work as a strong resistance.

james16 Chart Thread

Hi James, Where would You cut the loss if the position would start to go against You? Would You go down to H1 for example to watch the PA or stay on daily for sake of simplicity? Nice trade btw

james16 Chart Thread

You've got me there Rac... but honestly I could imagine You sitting there calling SNB and pulling them by tongues Good luck with that EU long (psss psss, I am there with you)

raczekfx chart thread

If below avarage traders do that then I know i have to work harder.

raczekfx chart thread

NZD central bank was giving clues about the future rate hike on last week anouncement. Todays selloff is caused by the earthquake hence the hike expectations has been brushed off for now.

Order Flow - Achieving the mindset

Czesc Tomek, Bloomberg, Reuters and a live news feed is all i am using at the moment. I guess it is not bad to be ignorant about it if TA makes You money but I enjoy digesting all the information and putting the puzzles together. At the beginning ...

james16 Chart Thread

Hi Avanish Be carrefull with NZDUSD. It could go down while DOW is getting sold but NZD central bank gave some clear clues about future interest rate hike so calling it highly overvalued might be not exactly true in this case. When risk apetite will ...

james16 Chart Thread

You can't say much now really. It is to early to tell. We have GB and EU rates decission later today. That is why You dont see any momentum at the moment. Those bars didn't trigger yet.

james16 Chart Thread