Short gbpusd — short gbpusd @ 1.9858, SL @ 1.9890, TP @ 1.9688 Reason: Long tail from down TL. Edit1: Sell half at +35, set another half to BE Edit2: Closed, +109. Total +72.

My Fibonacci H4 Trading Journal

short audusd — Short audusd @ 0.9340, SL @ 0.9363, TP @ 0.9255 Reason: pinbar, strong resistance from 21&89 ema, but no macd TC signal. Edit1: SL, -23pips, do not think the usa gdp news at 20:30 GMT+8. Maybe I need to wait for the MACD TC ...

My Fibonacci H4 Trading Journal

short usdcad — Short @ 1.0133, SL @ 1.0153, TP @ 1.0078 Reason: TC off from 8&21 ema, shooting star emotion, pullback to previous bar's 50% Edit1: Closed half +21 set the other to BE. Take into the 200ema support account. Edit2: Hit SL, out. ...

My Fibonacci H4 Trading Journal

short eurgbp — Short @ 0.7879, SL @ 0.7898, TP @0.7843 Reason: TC off from 8 ema, shooting star emotion Edit1: TP hit, +36 pips.

My Fibonacci H4 Trading Journal

Thanks, TraderJR In fact, the step "Restart MT4" is not necessary. You can "Right click on the chart, select Templates, Abuawad(current)." directly.

Cable Update (GBPUSD)

Thank you! Got it.

Cable Update (GBPUSD)

yes, some MT4 is gmt+1, the other is gmt+2..., So the candle close time is different. Can I use the H1 candle close/open to take the trade? Thanks.

Cable Update (GBPUSD)

Hi TraderJR can this method be used to H1 candle open/close because the many MT4 platform H4 O/C time is not the same? Thanks.

Cable Update (GBPUSD)

Usdcad pin bar — The price stopped in the Resisteance line and Pin bar. Any comments?

james16 Chart Thread

Thanks Abuawad — Abuawad, Thank you very much! I admire your honesty and great trading strategy. Cheers Aihua

Cable Update (GBPUSD)

Thank you all — Thank you all. You are kind and warmhearted people. Now I have no question. I will keep learning the price action here.

james16 Chart Thread

I got it. It seems that 1 pip is too tight. For me I think more than 10 pips is safer than 1 pip in case of the fake break out.

james16 Chart Thread

Thank you. I will bear it in mind. I think the reason should be try to avoid the weekend's news or indeterminacy.

james16 Chart Thread

I think you mean this is a break out trade. I should put one buy stop order above this R line but not right on the daily candle close/open price, right? As your experience, how many pips above R line should be ok? 10, 20, or 30? Thanks.

james16 Chart Thread

jarroo, I mean the pattern in below char. You can check it. Now I have known why we should not take this trade because the bar price movement was supported by the S line. Thank you.

james16 Chart Thread

Thank Bundyraider — Hi Bundyraider Thanks for you long and wonderful explanation. I agree with you. I think we should not take the first bullish outside bars as james taked. I have ask the same question as to phn. Do you agree with me about ...

james16 Chart Thread

thank phn — Hi phn, Thanks for your chart and explanation which are excellent. But I still have one question. As you said, you take the S/R into account. Yes, I can not agree with you more including the S/R analysis. But if we consider the ...

james16 Chart Thread

Jarroo, Yes, you are right. The first bearish outside bar get +50 pips. But the second bearish outside bar is not lucky as the first. In fact I am not against anyone. I just would like to know how to avoid the some not very good price action bars. ...

james16 Chart Thread

Thank you — Hi jarroo, Thanks for your answer. Do you mean the price aciton is not appropriate for the Friday-Monday bars? I found that you used the Interbank fx MT4 platform but I used the Metaquotes MT4 platform to view the chart. You can ...

james16 Chart Thread