Hi Mike, This BEOB on USDCHF looks like ok for short setup, but we shld be quick to take profit at the very strong resistance turn support area as marked, given its on strong trend up?

james16 Chart Thread

Thanks MIke for sharing this. In my opinion, trade management skill (i.e. when to fold vs hold, when to take all profit at FTA etc) is the hardest to pick up. Love it when you talk abt this topic

james16 Chart Thread

Hi Mike, Yes, I agree this pair is very range bound, and i saw the wkly tight range it is in. When u mention it is positioned in very sharp swing low, I presume u are referring to the wkly chart? As for the NZDSGD, I entered a demo trade on it using ...

james16 Chart Thread

Mike, Thanks for sharing the AUDUSD video here. Learnt a great deal abt trade management in this video. Btw, did u manage to get on the NZDSGD trade? How is this GBPCAD setup looking for u? Bearish PB rejected at 1.6 BRN. Location not the best as ...

james16 Chart Thread

Thanks Mike. In short, whenever u trade pattern, its Pattern + PA. Haha, why were u feeling that markets were heavy? I thought some of them had the bullish flag pattern with the strong bullish bars sometime back than then consolidating. Guess it ...

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Mike, As usual, good trade! Looking at this chart, I was just wondering if u can help to point out why it wld be NOT advisable to trade a BO to the upside when it occurred? (of course we know by now its a false break) Thanks again for sharing your ...

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Anyone of u using the J16manager EA posted here url ? I managed to load up the EA but its not working i.e. it doesn't partial close at target as indicated. Anyone of u who are successfully using this pls help. Thks!

james16 Chart Thread

Mike, Happy Birthday! May great profits continue to roll in for u in the year ahead

james16 Chart Thread

Hi Mike, Wanted to clarify on your SL placement. Is dotted red line your SL? OR your meant the high of the bar just left beside the BEOB? Thanks

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Thanks PinBar

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Thks Chaos!

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Phanti, Can u share the indicator for the diff timing reflected at bottom right panel and also the indicator for that draws the many lines on the right? How do u have the chart have so much spacing at the right? Thks! Ah Ha, the time frame ...

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Another classic analysis by Master Mike

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Hi Mike, Your reminder on the weak close is timely. The bar closed red and in such volatile times, we shld be more picky. But I seek to clarify abt this not being a BO-pullback type of setup. As I recall, u traded this as inverted H&S BO earlier and ...

james16 Chart Thread

Scotterboy, thanks for sharing this. Mike is right. Its volatile times now and we have to been extra picky with our setup. Am still on Demo, will have to keep doing that until I see some consistency.

james16 Chart Thread

Ha, far from the instructor. Just hope to achieve the calmness of mind when trading Thanks for the detail explanation. Great trade esp when u r mobile trading. Hope u closed out all b4 that nasty nasty bullish bar

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Mike, As a follow up on your USDCAD breakout trade earlier, there is now a PB formed right above where the breakout is i.e 1.03. If it breaks above PB high wld u consider this a good setup for breakout-pullback type of trade?

james16 Chart Thread

Thanks Jim. I'm guessing this is what u will generally do and here is a summary: Trading into consolidation OR traffic in path: Close all at target? Space in setup OR trading out of consolidation: Partial at target and trail since there is more room ...

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5, Awesome quick one here! Is the dotted line your SL and the solid black line your target?

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Thanks for the tip!

james16 Chart Thread