Thanks bundy, I learned a great deal from you, which I´m very thankful for! @Jaroo: as bundy already said, I also agree that price at this location is a good potential setup by itself. It just didn´t give enough confirmation (for me ...

james16 Chart Thread

Hey Diane, this is just my personal view on this: By definition it is a DBHLC (1 pip difference on daily is ok I think). But it is not at the swing high, or better said, it doesn´t define the swing high itself. So personally, I would not trade this ...

james16 Chart Thread

Congrats Tiki!! Your risk per this trade was obviously a bit high. So watch out for a spanking by Fiji... RM

Tiki Trader Trades

Hey Mark, thanks for sharing that! Great stuff, truly appreciated! RM

james16 Chart Thread

BEOB on AUDNZD weekly — BEOB (or roughly DBHLC) on weekly charts, triple top, divergence, round no. (1.2400). Outside bar reversal?

james16 Chart Thread

hussin, one question about your style if you don´t mind. Do you determine a general idea/direction for the next week by using candlestick analysis on higher timeframes (e.g. weekly candles) and then enter during the week on lower timeframe (daily, ...

Daily candle chart

Hi there — Hey hussin and others, I would like to say thank you very much for your efforts in this thread! I am not using classic candlestick analysis like you do here, but I trade price action on the old boring bar (OHLC) charts - which are ...

Daily candle chart

hey jaroo, trading divergence BLINDLY is dangerous indeed - especially in a trending market. but in this case price action gave us confidence in the trade by forming a beob. RM edit: sorry, James was 2 seconds faster. ;o)

james16 Chart Thread

It has nice divergence on MACD, too. But telling from the charts, it isn´t a pin, it´s rather an outside bar (broke the low of the previous bar). The location it is in, however, is a good one. RM

james16 Chart Thread

Hits the nail on the head! No need to be harsh or arrogant here. RM

MarketMakers

Thanks — Hey fxtrader42, just wanted to say thanks for your efforts to pass on your experience about market microstructure/"brokers". - truly appreciated! Do you plan on another info about ECN´s or which brokers to choose when you´re trading ...

MarketMakers

Hey Atomic, I´m not 100% sure of this but I think an in-house stop is simply a stop with your broker. Disadvantage would then be that your broker knows where your stops are and could hunt them. Please note: I do NOT recommend that kind of practice ...

MarketMakers

nice one — Hey Seeking, that was a nice one! But as I can recognize myself in these statements you´re in good company with that addiction. Cheers RM

james16 Chart Thread

same with me (roughly). learning quickly from you, rac! RM

james16 Chart Thread

bearish divergence, too! RM

james16 Chart Thread

Hey Chris, don´t be too sure about that. Some German banks have already busted over supbrime issues and were taken over/have been "rescued". Not Deutsche Bank or the size of the like, but some quite reputable mid-sized ones. RM

james16 Chart Thread

You could use a MT4 demo account from North Finance for example. Besides forex, they offer a bunch of commodities, major stock indices and stocks as well, directly in Metatrader. Just right click in the "The markets" window and select "show all". RM

james16 Chart Thread

This is a widely known advice and it´s certainly a good one. However, there is another side to the story. As far as I can tell from conversations with Jim, he exits quite a lot of trades at BE or with a small profit. He stated himself that his R:R ...

james16 Chart Thread

Hey Werner, just checking the images will not work, as there are as many nuggets in between. I second Hipster´s advice: Go read the first 20-30 pages and you have a basic knowledge and know which posts (especially by whom) to stop by for a careful ...

james16 Chart Thread

Yep, that´s a beautiful one. It is still valid as it has not yet triggered (and not invalidated by breaking the low). Take care RM

james16 Chart Thread