Usually at tight areas like that price is reacting quickly. There was a lot of confluence and price stalled there without any big orders coming to the market. I should have enter after break of m5 IB ...it would save my a¤% here and on oil touch ...

james16 Chart Thread

Hey LJ Did you take GU long of 1.6000 area today?

My path to financial freedom

You are right.. I was planning to take that touch trade mainly becouse of tl confluence but it looks like my SL will be taken at 1R. Lets see how the h1 will close.

james16 Chart Thread

Looks interesting. Imo first test was yesterday but today we have TL on our side which adds to the confluence. Strong momentum to fight with but last low is still intact. Touch play is good idea. Breakeven on last one.

james16 Chart Thread

Good one! Cracked me up Have great weekend too...

james16 Chart Thread

GU made HH yesterday and retracement seems to look really deep. First time touch H1 PB at the shoulder zone might be good idea.

james16 Chart Thread

Missed by 10 pips but GJ is more then enough for today. Continuation setups like this with stop just under BRV are recompensating long times of waiting

james16 Chart Thread

Price broke thru 133 level. H4 BUOB Might be nice opportunity to enter.

james16 Chart Thread

Lets see.... 1. Strong Support ....Check! 2. VBRN ....Check! 3. FIB 50% ....Check! 4. Trendline confluence ....Check!

james16 Chart Thread

There is a strong , tight resistance @ 1.3640 / 50% of longer-term swing low. Very good location imo...

james16 Chart Thread

It is true in most of the cases but in the rest of them it works quite well .

james16 Chart Thread

I think you misunderstood that quote. I notice that a lot of forum members draw conclusions a little to quickly without further digesting. BRV deserved all the respect he got and his articles are always a good read. In this case doing nothing means ...

james16 Chart Thread

You seem to perceive trading in automatic manner Adi so let me quote something: url

james16 Chart Thread

Almost 4 years of watching charts day by day , countless amount of questions , doubts , moments of resignation and small donations to the market. I am not a good student and i broke all of the J16 rules but i am close of being consistent these days.

james16 Chart Thread

Those high probability patterns work most of the time giving pretty good R:R. That was a no brainer: Strong support / Weekly PB / daily BOUB / 82 RN area. Price triggered some breakout orders above the 82.46 resistance (look H4) and is heading back ...

james16 Chart Thread

Very interesting area on Oil.

james16 Chart Thread

I know this chart was beaten to death but there is a ton of confluence at the 82 area and simple touch trade with 40 pips sl might work in this case. I will watch m5 >> h1 if we get there.

james16 Chart Thread

Nice one I'm still in gu & eu shorts. On fridays , after nfp data , price often gets a strong kick and is falling like a knife so i will wait for this daily bar to close before any major decissions. I faded that h1 pin aswell on gu for some nice ...

james16 Chart Thread

Is it looking good now ? . Nice move on nfp. They ate all the liquidity from above... Managed to fade the e/u spike. GU BEOB triggered , now lets see how far it will go.

james16 Chart Thread

And it finally happened . Last strong blow thru 1.3800 was very fishy and it put a lot of traders on the wrong side of market. 1.344 here we come? & will GU follow? Friday + nonfarms... hold tight , NFP have the power to change trends and GU BEOB ...

james16 Chart Thread