I understand AUDCAD formed a IPB both on daily as well as on weekly charts.. But not sure what is the Price action on GA to play long here ? Can you please shed some light on this ?

james16 Chart Thread

I did like it.. But the SL has to be too wide. Also there is a PB on daily also. Hence I am looking for retracement. In fact the pin was broken today.

james16 Chart Thread

Today being a US bank holiday, volume will be low.. Hence I believe all the PA's should be taken with a caution.

james16 Chart Thread

Ok. I got you. Yeah, I am demoing to take trades on retracement.. but on the confirmation of PA. Yes. It would be ideal if the price breaks PA and retraces, then forms another PA on lower TF.. this would be the ideal scenario and the most safest ...

james16 Chart Thread

Thank you Jarroo. In fact, today's 4 hour PB looks really strong in relative to Friday's daily PB. Thank you for all the education..

james16 Chart Thread

If you are talking about NZDJPY, no, I didn't enter any trade on this pair. In fact, I have no intention to enter the trade until the pair crosses beyond 62. However, I did put my order on GJ - which is yet to be triggered.

james16 Chart Thread

Makes lot of sense .. like every bar acts as simple resistance and support.. as there more bars meet at one place.. more resistance & support. and then PPZ and round numbers to reverse the direction of the trade.. GBPJPY- formed another PB at ...

james16 Chart Thread

FXDD - Week 10/04 to 10/08 — Did 3 trades in this week. From the wins prospective, 2 wins and 1 lost. From equity prospective it is a loss. Also did two mistakes by mistakes in taking the trades.. 1. EURCHF - Took BEOB on Counter trend. Took ...

My Trading Journey

Jarroo, Thank you very much for sharing your thoughts. When you say "previous bar High/Low", you would be referring to the immediate previous bar high/low's , right ?

james16 Chart Thread

My Views: If I look at PB on its own, it does not stand out. However if I look at this in relation to big BUOB (Technically not a BUOB but a big bullish bar) of 09/15, it does make lot of sense to me. As Jarroo always says- BUOB/BEOB's retrace ...

james16 Chart Thread

Yes. I was talking about AJ pair only. But I didn't take right after the break. I was not even available when the break happened. When I saw the trade, it broke the pattern and retracing back to the reistance line 81.40. So I took the trade 81.55 ...

james16 Chart Thread

I am the guilty of the same mistake. Before I put an order I was looking here did any one talk about this ? I didn't see any..nor I put one.. when I was in the deep water (Demo), I saw your post in the morning that you were still waiting for a PA ...

james16 Chart Thread

EURCHF is still in play.. On h4, looks like a wedge pattern is forming..

james16 Chart Thread

And EURGBP BEOB is invalidated since the price moved ahead. EURCHF is still on play.. struggling between 1.33 and 1.34 for a direction.

james16 Chart Thread

The reason I was relating EURGBP with EURCHF is becuase - EURGBP has a strong uptrend.. so the BEOB may not have the strength to undo that strong uptrend. Where as in the case of EURCHF, it is not the case.. the uptrend is not strong.. Both the ...

james16 Chart Thread

Jaroo, what do you say about EURCHF BEOB ? Uptrend is not that strong in relation to EURGBP. BEOB at swing high BEOB is broken Now being retraced What do you see the as a confluence point ? Between 3380 and 3900 ?

james16 Chart Thread

I can never even think of trying something like this..

james16 Chart Thread

Ok. Noted. What do you mean here ? It is off of the 1.4000 BRN and stopped below 1.4100 BRN. That's what it did. Yes. I did read similar comments about reading the price actions (before and after) as a whole book rather than a single page (specific ...

james16 Chart Thread

Good analysis.. I think you are right unless price closed below 1.3000 (VBRN), it may not be a safer trade.

james16 Chart Thread

As john stated, it is not a BEOB technically. However, I concur with your view that it is a good bearish bar.. I would expect that it will retrace back to 1.3091- 1.3130 If it retraces back, I will be watching for a bearish PA on H4 to support daily ...

james16 Chart Thread