Daily Bearish outside engulfing bar on NZDUSD. But it is an inside bar in a larger bullish candle. Again learning and watching this from the sidelines. image

james16 Chart Thread

Weekly BUOEB at swing high (remember best to take these at swing lows). Current weekly PA has not broken above high of previous swing high. Daily chart shows weak price action at lofty levels (buying high if long). It will be interesting to see how ...

james16 Chart Thread

Reading this thread beginning to end. Racman your confidence and trades to back it up reminds of another great trader. Learning much as I read your posts. Thanks!

raczekfx chart thread

Exactly what I was trying to express. Playing this BUOEB would be tough since it is not at a swing low AND it is running into major resistance. But a play of a pullback after a break of the resistance is possible.

james16 Chart Thread

I don't want to take away from the current exercise but I like this example. GBP USD printed a bullish engulfing on the weekly chart. It occurs at a swing high and at strong resistance. J16 teaches to take BUOEBs at swing lows and this is a good ...

james16 Chart Thread

Chart 1: Initial SL just below the engulfing candle. I place at least 2 entries and sometimes 3 so i can take profit at each troubled area. Remember this is a retracement play and I tend to do this on big signal candles to decrease the initial SL. I ...

james16 Chart Thread

Nice pinbar. This would meet my criteria for a short to one of the TPs shown. I will trade into traffic as long as the signal candle is A+ and occurs at S/R which this does. image

james16 Chart Thread

The BUOB at the swing low is HUGE and engulfing. Price is heading into traffic so a powerful candle is needed so I would trade this long after a 50% retracement and TP at one of the TP lines shown. Traffic could stop this dead so I would move to BE ...

james16 Chart Thread

Hi Jimi. AU had a strong weekly close into resistance. We mustn't predict but we can look at possible scenarios. It is tempting to anticipate a bounce south but we should consider the possibility of a break through to the upside. In that case a a ...

james16 Chart Thread

Hey Majestic. The FX markets have been pretty quiet especially with the indecision over the US shutdown. But yesterday there some pretty good breakouts. I missed them because I didn't wake up from my slumber.

james16 Chart Thread

Nice DW

Price Action and Trading Discussion

Hey Jimi, Even in the absence of the 200 ema the weekly resistance is impressive. A short may be possible but we must wait for PA to show the way. image

james16 Chart Thread

Well said Ghous. Yet, James stressed early in the thread and Mike continues to stress even now in this forum and in the private forum the importance of "beginners" starting with weekly and daily time frames. Perhaps no less than H4. While everyone ...

james16 Chart Thread

Hey Jibson the images are too small for me to see. Can you increase the size? Nice trades from what I can see.

james16 Chart Thread

Keeping my eye on this one. image

james16 Chart Thread

Another one I missed. Just not near the charts when that BEOB formed at the top of the wedge. image

james16 Chart Thread

One of my biggest challenges is my time zone. I live in MST so many breakouts, like the one below occur when I'm sleeping. I hope some of you all caught this. EU and GU similar. image image

james16 Chart Thread

I place little to no emphasis on RR or win rate. Just good trades. Not necessarily A+++ every time. I don't remember James nor Mike talking to much about RR. Just good trades, protecting capital by limiting risk, and taking profits and not letting ...

james16 Chart Thread

Support and resistance + PA + HTF = less trading, less losses, growing account. Support and resistance + PA + LTF = more trading, more losses, ? account I am rereading the beginning of this thread (first 100 pages or so) when James was quite active. ...

james16 Chart Thread

USDCHF approaching key resistance. image Weekly chart is interesting with that pinbar. image

Price Action and Trading Discussion