These are my thoughts: 1)BUOB is at swing low, engulfing 3 bars, hence a good one 2) The close is above the ppz/flip area marked in red rectangle box 3) Close of the BUOB is good though not great. 4) Overall trend is upwards It might retrace to ...

james16 Chart Thread

Thank you Mike and Jarroo for your comments on EURUSD Weekly PB. Jarroo, I guess the confusion orginated from my pre-determined bias. When monthly BEOB was formed, I was expecting a retracement upto 1.33 and bearish PA in the direction of monthly ...

james16 Chart Thread

I am also looking at this PB but the Monthly BEOB is not really good sign here. It is not triggerred yet.. but it is still valid since the high is not broken yet. As Jarroo points , Most of the time, BUOB/BEOB retraces (either before break or after ...

james16 Chart Thread

If I may express my opinion, If PB had fromed from blue support line would have provided more story for this trade. (edited)

james16 Chart Thread

on FXDD, it is a tiny pin (yet to be formed fully).. considering the massive downtrend, it would be a easy pass to me.

james16 Chart Thread

I probably would have tempted on this one to trade up to 1.4. It does has some good points. 1. With the long term trend 2. Swing Low (should have like more deeper retracement) 3. PB is better than the previous one. and would have been a full bar ...

james16 Chart Thread

I didn't even reach the FTA, I expected. It did break the PB though (though not the immediate next bar)..

james16 Chart Thread

Adi, It's my mistake.. I was to write " PB is NOT closed above the box". I changed my post now.. I do see the same you do.. if PB is closed above the box.. I would consider that as a support to hide SL.. I would still not trade this since it is ...

james16 Chart Thread

I personally will not trade this PB because - 1) The PB is NOT closed above the blue box. (Edited) 2) PB is trading into BRN 1.4 However, If the next bar breaks PB, it may go to green line which is FTA.

james16 Chart Thread

No problem Adi. I see PB's accurate prediction after posting my chart. Though I was wrong, it reiterates the concept "get to BE" as soon as possible (at FTA).

james16 Chart Thread

Got it Mike.. Thank you !!

james16 Chart Thread

Sorry Jarroo, I would also like to identify flip areas.. hence posting my observations.. before looking your chart or answer. I have identified 4 areas of flip

james16 Chart Thread

My view: PA tested last 3 highs ( red boxes) and rejected PA is at swing high Close is good.. very little wic left out, indicates selling pressure

james16 Chart Thread

I am not sure about the story you mentioned.. There is a crime and pick pocketers for sure.. need to be careful and mindful about your belongings when you travel in local trains.. Also in Mumbai they won't go on the roof.. yes.. in some rural areas, ...

james16 Chart Thread

Vow !! This reminds me my local train commute in Mumbai (Formerly called as Bombay) in India.

james16 Chart Thread

Thank you Mike.. makes sense of another factor - Avoid trading into BRN..

james16 Chart Thread

Thank you Mike.. As I understand NZD/CHF is technially not a BEOB since Sunday bar is not accounted for. I do also see NZDJPY BEOB starts little higher than NZDCHF which is another confluence factor to be accounted for. However, how about the close ...

james16 Chart Thread

Mike, On IBFX, I spotted both NZDCHF and NZJPY. Both are BEOB but I preferred NZDCHF better than NZDJPY.. (not aware of Korean attack).. The NZDCHF is so far working out ok. But my question is -to your eyes, which pair has more probability of ...

james16 Chart Thread

Pin bar is not strong. neither big nor good in shape.. looks like more of a Doji.. I would still expect that it will go up based on 1) Strong uptrend 2) The retracement from 7000 does not look like threatning expect one big bearish bar.(Red ...

james16 Chart Thread

Good BEOB.. Engulfing quite a few bars.. I would probaby trade this on retracement at 2.7 and would be targetting to 2.6.

james16 Chart Thread