Wanted to ask such a question so many times, and your post is the perfect picture of what I would like to know. Help of any senior member in this one situation will be my best wish of all . The question is in the chart.

james16 Chart Thread

I think Mike would say that it was better to wait for nice close below the level u draw I dont like pure breaks but if f.e. nice Beob or dbhlc appear and closed below i would enter myself. Would like Mikes thoughts to read

james16 Chart Thread

Maybe an oportunity to enter on a retrace to to this yellow dotted line (support to resistance)? If market will ever retrace to it. Same story

james16 Chart Thread

Got it, Mike. Really my mistake on TL drawing. Not on the wedding yet? Why?

james16 Chart Thread

Hey, Mike. Was asking you about that if you remember. Glad I'm starting to notice things right. I took this one on a large BUOB that burst off 0.9300, marked on the chart, with my SL below it. It held after a large bearish bar after BUOB (or Maybe ...

james16 Chart Thread

noticed also

james16 Chart Thread

Yes I agree. I had this in mind. The situation developed slowly with considarable drawdown, price stalling near 1.28 lvl. As I notice the market usually gives us a chance to escape, the only thing we must learn, how to see it. I should have move to ...

james16 Chart Thread

My desirable scenario of this. Watching this.

james16 Chart Thread

EU — So this is over. As Mike escorted me through this one one last question to this trade. Mike, would you escape some other place if you were in that one, or leave your stop below Monday's candle till the end? It even had some positive pips ...

james16 Chart Thread

AUD/CHF — Mike, not for trading but for educational purposes can we examine this one? This one I noticed after your usd/cad trade with loss of momentum in price. Of course, its not just as good, but. There is no beautiful round number near (I ...

james16 Chart Thread

Thanks Mike. Just curious. This retrace between 50 and 61.8 fib was not accident. Buyers on a retrace came into play. Am I right?

james16 Chart Thread

EU — I'm really upset. Bought the top. Demo, but it seemed so good...Saw Mike's post, but I still it was nice, I thought so.

james16 Chart Thread

I will be happy also :-)

james16 Chart Thread

Everything is clear, Thanks Rust. In that case we had no exact retrace to previous support so I missed that break.

james16 Chart Thread

im sorry. What means preemptive? Pure break?

james16 Chart Thread

Thanks,Mike.

james16 Chart Thread

EA — Mike, please be so kind to give some light to me on that one. The question is, can we consider this a losing momentum in price? The problem is that I cannot understand what is the right reasoning now: break of the wedge and go north ...

james16 Chart Thread

So was not much power in it, isn't it? :-). Mike was quite right as always, at least it gave us a chance to set SL to BE.

james16 Chart Thread

You forgot that these candle has to engulf previous candle totally (from bottom to the top) and it has to be closed above the previous candle high. And also url

james16 Chart Thread

I think it doesn't engulf previous candle body.So its not a BUOB

james16 Chart Thread