Yes I agree been cheers, Good luck on the 4 hr pin. I am short on the break, not expecting 1000 pips here, just to first area then ill decide from there. Its gaped down a bit though looking at my feed.

james16 Chart Thread

Yeah its a doji, but paired with the last bar its a pin bar right of the 61.8 and 0.8500 level. Anyway, we can debate all night, price will do what it wants. Lets see how it plays out. Im not so choosy so I can see why you wouldnt play it.

james16 Chart Thread

No worries, just remember that I am not saying this is the trend changing or anything, Im not looking to pick the top, just I think price will drop.

james16 Chart Thread

Also look at weekly it has a BEOB also.

james16 Chart Thread

Yeah it looks good but as I said pin bars after rapid declines can be just paused or profit taking. That against a weekly fib is insignificant, it might just mean a retrace of the outside bar on daily.

james16 Chart Thread

Hey Ben, thanks for that advice. I agree that divergence can be a killer in trends, however that coupled with the bar and the fib gives me enough to take the trade. I dont look at the 4hr when looking for reasons not to trade or for ppz when trading ...

james16 Chart Thread

AUD/USD Outside bar — Im going to play the break of this bearish outside bar on daily, at swing high, divergence and at 61.8 of large move down.

TAC's Paology Journal

AUD/USD Outside bar — Hi folks, Hope all you fellow traders had a great weekend, no its time to get back to the charts and look for PA. Im going to play the break of this bearish outside bar on daily, at swing high, divergence and at 61.8 of ...

james16 Chart Thread

Great advice Jeff, however I can see some people arguing that sticking to rigid rules might limit the profit, if we agree that the market is a dynamic entity. Should manage each trade dynamically based on how it develops, or the surrounding areas of ...

james16 Chart Thread

Nice one, I thought about playing that continuation BUOB but decided against it.

james16 Chart Thread

Great posts guys, Jarroo, Dale and Bundy, I had been falling into the trap at looking for PA and then curve fitting my levels to convince my self that the trade was a goer. I think this is driven by the amount of pairs I am trying to trade, all the ...

james16 Chart Thread

Yeah thats a good roadmap, expand to other liquid instruments that can be charted. Then move to 4hr if need be, plenty oppourtunities. With forex though, a lot of the crosses mirror the majors. I have got it down to the 6 majors (all except NZD ...

james16 Chart Thread

Exited this trade at BE. Reason was I installed windows 7 and had to reinstall MT4. I have started a new Demo account at 50k, which I think will more represent what I will have when I go live. I will assume my first month as August although I ...

TAC's Paology Journal

I get 1-2 a week on daily, not A+ though. Not much on dalies tonight. Exited my EUR/AUD at be.

james16 Chart Thread

Ok thanks

Market hours for stocks and futures

Yeah...ran to look at the chart there!!! Ah well that PPZ is holding strong that you pointed out!. BAD PPZ!! let price through.

james16 Chart Thread

Still in my EUR/AUD its using 1.7000 as resistance now so hopefully it will drop like a brick soon.

james16 Chart Thread

Are you guys trading the 4 hour, trading full time?

james16 Chart Thread

Lots of high impact dollar news today, things are slowing down pre it.

james16 Chart Thread

Moved stops above 1.7110 (bar high on tuesday) to cut risk. Ghous from the J16 forum pointed out that I was trading straight into a PPZ (which I missed) which has made me nervous of this trade, hence I want to cut risk closely.

TAC's Paology Journal