Stopped out on USDCAD Long at 0.9975 entry>>1.0006. Price reversed exactly at my sl position. I should put my s/l at 0.9950 area where is next support but looking at H4 i have put it below doji candle. Right now i would be at breakeven. The entry ...

No Brainer Trades

Syd i didnt mean mathematically calculated pivot line. I meant simple s/r line. the purple one. Next possible entry area is 1.6360-62

james16 Chart Thread

Is it good oportunity to buy USD/CAD @ 1.0000? fib/trendline/support confluence and very nice round number.

No Brainer Trades

Hi Syd It is not a pinbar actually becouse the upper wick is protruding to much. This is doji candle informing you that the market is undecided now and might reverse but it is not as strong signal as pb. There was already good entry there - buy ...

james16 Chart Thread

Hi What do you think about this possible bounce from 1.0214 - 1.0231 area on usdcad pair. I'm not after big move here but if the bounce occur i would move s/l (1.0190 - below lower minor resistance) to breakeven if price hit 1.0250

No Brainer Trades

As BRV say s/r levels are most important in technical analisys but trendlines give you good direction hint. When i see good defined trendline on swings low/high i like to project them on the other end of swing to get better place to exit from a ...

No Brainer Trades

On H1 the last bounce from s/r area was at 1.9715 so it was good place to enter with not so tight stop loss. Already added another position at the break of the pinbar.

No Brainer Trades

Veery nice setup on gbp/usd. S/R area + fib50 confluence. Entered @ 1.9718 wit 2pip drawdown. S/L at breakeven now and i've got pretty nice pinbar on h1. Already 20+ pips. Lets see what happens on official bank rate statement.

No Brainer Trades

Played it on the breakout ( there was even better entry on the h4 retracement (looks like H&S). Momentum is pretty good , my first tp is 1.0135

james16 Chart Thread

@Ezz In my opinion those trades can have good probability to go south till thursday (euro interest rate anouncement). Maybe corrective move before the upside channel breakout if rates raise to 4.25%

james16 Chart Thread

Good trade setup @ cadjpy image

james16 Chart Thread

Yeah sure lets see some live statements and dont forget to send us video clips every time you put on the trade becouse it's really impossible for anyone to could get successful in this bussines. Maybe if I know Goerge Soros he would me let touch his ...

Name just ONE successful forex trader...

Hi Brv Can i ask you how far do you put stops from s/r lines and how many trades you open weekly?

No Brainer Trades

That's right. This is discrectionary system and it would be impossible to code all nuances using ea, but the alarm ea could be very helpfull for recognizing good pbs and outside bars.

james16 Chart Thread

1. How long minimum the nose should be to open a trade (in pips)? The nose on the sample chart is 10pips long. 2. What timeframe(s) suit(s) best for the system? 3. Where the entry point should be? At open of the right eye (3rd bar), at open of 4th ...

james16 Chart Thread

image Thats one good looking forming setup for next week. The weekly bar is a classic pinbar. With a bit of luck and good fundies im looking for long trade after retrace with high probability of breaking the resistance. Oil together with euro went ...

james16 Chart Thread

it was all calclulated to the pip > strong resistance plus 38.2 fib retrace. Still I have another buy order at 1.5300. If we dont get there , then there is good probability for price to go for 1.5800.

EURUSD

Thats gonna be a good ride for you ;] I had my order at 1.5365. It was missed by 1 pip.

EURUSD

WTH! Where do you get your information? There is no sign of it going down now. look at daily - strong resistance below

EURUSD

Hi What was the reason for Oil and Gold falling today. Am I right saying that it took Eur/usd down. If I am right then why Dow didnt went up today. The news numbers for Usd havent been spectacular so why the sudden drop. On the other hand i see yen ...

USD/JPY Discussion