No. You are not. However, Jarroo introduced some new termnolozy - PBTCA and PBTCB. Price Broke Through and Closed Above & Price Broke Through Closed Below.

james16 Chart Thread

Great !! I was watching the charts .. but not dared to ..

james16 Chart Thread

EU at 1.4 — EU is again attempting to touch 1.4..

james16 Chart Thread

Edit. The way it is going, it may form a BEOB on H8 also.

james16 Chart Thread

Yes. it won't be a PB if it closes under 134.

james16 Chart Thread

In fact, I was hoping for the same, and also I would like the close under 134. 134.20 seems like a good ppz on my FXDD chart.

james16 Chart Thread

Now reversing strongly from BRN 135.. triggerred by NFP.

james16 Chart Thread

Thanks. That was a reply to my post also. Did not quite get that time.. now it is little more clear. Thank you !!

james16 Chart Thread

Thank you Mike. I got that you will look for pullback and PA at the former area to initiate short positions. However, I did not understand what do you mean - "as well as bars suggesting a breakout(pre-emptive) " - ? Can you please elaborate ?

james16 Chart Thread

Do you consider this for a pure break-out trade ? or wait for retracement after break ?

james16 Chart Thread

Yes. Makes absolute sense now. Thank you !!

james16 Chart Thread

Mike, I am sorry. I did not get this. I do understand that trend is up and PA is very little and does not make sense to trade a short based on this PA. But are you saying here - if some one wants to trade, they should have their stop right on those ...

james16 Chart Thread

Thank you Mike for all the information. If I spot some break-out trades in real time, I will post it here just to make sure I am on right track. Thank you !!

james16 Chart Thread

So Mike, To play a pure a breakout trade- 1. Multiple highs/lows 2. As close as possible.. more clustered is more good 3. Should clear - in the sense the highs and lows are almost at the same price level. Now Questions - 1) How about the location ? ...

james16 Chart Thread

I am sure some one must have already answered. I still try myself here first. I spotted two areas.. one with 4 bars and one with 5 bars.. Yellow line and green arrows.

james16 Chart Thread

Thank you Mike. I started searching all your posts to find more examples of these break-out trades.. so that I can understand.. demo on them until I get it.. Thank you Mike.. Weekend is just around the corner.. This was a good short week.. Have a ...

james16 Chart Thread

Thank you Mike. I did see this chart when I read most of them threads.. but never realized or understood clearly when to play. In the trade you played, it was a 5 bar ( 3 + 2) high. But all 5 bars are not together. Does it make any differrence in ...

james16 Chart Thread

Thank you Mike for the clarification. Now it makes sense to me.

james16 Chart Thread

Thank you Mike. Sorry for the late response. So you took a long off 02/15 bar.. which broke multiple highs. I was thinking you were talking about short based on 02/22 bar, which is off from 135. So you didn't wait for the daily bar to close for this ...

james16 Chart Thread

Thank you Mike. Sorry for the follow-up questions. if I understand correctly, it has two potential trades, right ? 1) Break-out trade off the multi bar highs (marked with down arrows) 2. BEOB or DBHLC also off from 135 and engulfed multiple bars ...

james16 Chart Thread