Thanks. Went ahead and took full profit for +1R. Made up for my loss on USDNOK and then some....

james16 Chart Thread

I'm locking in around .5R profit this morning before heading to work. Price had a weak close below my second target so I'm putting my stop here, which is currently resistance. The rising TL and 365 are a concern, so I'll watch this area closely ...

james16 Chart Thread

Price went through the weekly via a 4H BUOB without triggering my order, so I've pulled the order. Current 4H Bars low is at the Wkly HCR to the pip. Will be watching this area next week.

james16 Chart Thread

I like your stop position with today's close above 1.3050. You're trading in consolidation so anything can happen....and you're protected being at BE.

james16 Chart Thread

GBPAUD....considered yesterday placing a sell order and playing break of 3 daily bar highs/consolidation at BRN. Moved nicely today to a weekly level. I have pending buy order if price pulls back to 1.5500 (top of consolidation box).

james16 Chart Thread

Nice trades. Will be interested to see how you manage. I'm not quite at BE yet....but 80% or so is off table. I really love the strong close below .9200. I'm going to pay attention to the daily level at .9181...if we make it that ...

james16 Chart Thread

The level is currently holding and gave a nice 4H BEOB this morning. My short order is nicked in. I liked strong close, BEOB engulfed multiple bars, solid test of daily HCR, and divergence.

james16 Chart Thread

Hey Jim. Thanks for feedback. Momentum wasn't enough to cut through that consolidation. The BEOB is still valid, but not worth waiting. I cut this one manually for a little less than half bar loss. On to the next one....

james16 Chart Thread

cadch.....9257 is a daily hcr on my feed. Currently looking for it to act as resistance until a 4H or daily close above. Strong reactions in the past. Current move up is strong though.

james16 Chart Thread

I have an order pending on the usdnok....BEOB at 50% ret level, with strong close, engulfing previous 7 bars. Order hasn't triggered yet.

james16 Chart Thread

Price is breaking hard below my weekly level, so I've cut this one for reduced loss - approximately -0.4R.

james16 Chart Thread

Order triggered today. Deeper initial drawdown than I would have liked (40p)....although the weekly level I marked held up (entry there would've been 4 pip drawdown). Now that I'm in, I'll try to manage it well. Started by reducing risk 35% by ...

james16 Chart Thread

This is currently my favorite area on any chart right now. I believe phAnti would have this area labeled supply.

james16 Chart Thread

That's why I say I "bastardized" this method. I use wider stops than most that trade the method because I like to have a plan to reduce risk. Also, I can only check charts a couple of times a day so I need the breathing room. In this case I chose ...

james16 Chart Thread

Here's my story on the Euro, using my bastardized version of Jarroo's stuff.

james16 Chart Thread

Very nicely done. I'd argue that you're actually trading exactly what's taught here, just without bar confirmation that most of us use for entry. PPZ - arguably the most important concept. BRN - of 85.00, another key concept and nice location to ...

james16 Chart Thread

Great trade Jonas. I was watching the yen pairs this week - they're all mostly at great locations. I liked CADJPY the best and considered the daily pin but passed. Was kicking myself yesterday for that. May get in on the weekly bar. ...

james16 Chart Thread

Approx 60 pip stop and approx 60 pip move = 1R on the trade. 2% of total account at risk = 2% added to account value (small account admittedly). I risk 2% on all trades. As I don't take partial profits, I generally reduce risk fairly ...

james16 Chart Thread

Huge 4H H-N-S forming on EURGBP. Wish it were sitting on BRN with horizontal neckline vs the rising TL...

james16 Chart Thread

Bulish flag forming on CHFJPY at BRN 90

james16 Chart Thread