anybody watching the 4hr close, on the eur usd reaction to 1.4000

james16 Chart Thread

Thread gone ever so slightly off track here

james16 Chart Thread

im long at the mo on GBPCAD aiming for 1.5500

james16 Chart Thread

for the sl i took 2 things into cosideration the bottom of the bar and the triangle forming. see pic my sl is at 1.4184 which is below the TL on the triangle. image

james16 Chart Thread

i have taken trades from pinbar on close of that bar rather than waiting for a break etc

james16 Chart Thread

im still hanging on in there on the daily pinbar off the eurusd

james16 Chart Thread

i am long on this one, but also beware of the triangle squeeze shown in my pic. if we break upwards out of that triangle, nice and lets ride it, but i will be taking profit IF it moves up due to FTA and triangle image

james16 Chart Thread

Yep good thought process, half the battle is acknowldging you were wrong. I closed a EUR CHF long yesterday early after a gd looking 4 hr setup, because it was floating around too much at aroun -10 to -15 pips. It ended up goin nicely into profit, ...

james16 Chart Thread

yep i see it, im learning thank you Mike

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mbqb11 what do you think of this. ITs a quick one im taking on a demo for educational purposes only. eurchf short. on the 4hr. pinbar showing switch to daily plot a fib from swing high to low. and its touching the 23.6 virtually by the pip also ...

james16 Chart Thread

Good decision on closing trading till Monday, because you are all over the place here. Closing short and going long straigh away, wow you need to slap yourslef in the face. At the point of you goin long the short trade is still valid. I used to see ...

james16 Chart Thread

excellent, i shall leave that one alone, and move on to a better looking setup when it occurs

james16 Chart Thread

my charts are pinbars rather than candles, so yes i see now the price is same length now as pin bar. I see the swing high its near but is that not now acting as a pivot zone ?

james16 Chart Thread

ok i see, when you say winding up, you mean stuck in a triangle ready to busrt one way or another? you say pin bar invalid now on eurgbp is that because the high of that bar is too high , or is there another reason, thanks for all the help

james16 Chart Thread

Sorry, i meant the daily charts, the r/r you shown from eur usd on daily looks like 1 to 1. Also the daily chart with your personal analysis of the pinbar forming, thank you

james16 Chart Thread

wow your making things so much clearer, i would say a 1 to 1 risk reward judging by that am i right, could i also trouble you to post the eurgbp chart up too on your thoughts

james16 Chart Thread

Excellent thank you. I just checked eurgbp and eurusd daily, could we maybe having a pinbar setting up on these 2?

james16 Chart Thread

I though price had to close close to where it opened to be a good pin?

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Its Thursday, my first week using this method. I had a lovely EUR JPY trade, which closed on +150 pips odd. sell usd chf for +80 pips i also went long on eur chf from yeserdays 4hr everyon was stalking, but i pulled out for +2pips. Because im trying ...

james16 Chart Thread

I need someones advice quickly. I currently have open a trade on eurjpy short at +152 pips Now i have to go to work in 10 mins, I only have one tony lot left in, so i cant take any more partial profits from it. My SL is at BE. But shall i leave it ...

james16 Chart Thread