Been reading a book called "martin pring on price patterns". It mentions that the greater the speed and extent of the previous move, the more significant a support or resistance zone is likely to be. It gives an example where price approached a ...

james16 Chart Thread

New chart. NZD/CHF long trade which was a winner url

Trader gone mad

cool, I see what you mean now, Mike.

james16 Chart Thread

Thanks Mike, sorry for all the questions but could you explain what you mean by lack of space? I'm not seeing much traffic so just want to know where I'm seeing the chart wrong.

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Hey Mike, Do you like this BUOB on EUR/AUD weekly chart? At a swing low and just about closed above the BRN (1.2500). We've got the retrace, but I'm in two minds. Also a question related to this: The weekly closed just above the BRN but the daily ...

james16 Chart Thread

The old timers will correct me if I'm wrong, but I think most people use NY close charts. My broker uses a different time zone but I use a demo trading mt4 feed from a different broker for my charting which has NY close.

james16 Chart Thread

Hello everyone, So yesterday I posted a GBP/USD chart because I was considering a long trade. I've now entered the trade and I'm up around 50 pips. Here is another trade I've entered today. Chart explains my justification for trade. First time in a ...

james16 Chart Thread

No mate, can't say I've ever heard of COT reports, but if it's another bit of confluence then it's good to know it's in favor of GBP long.

james16 Chart Thread

Hi mate, well the thing is I'd like to play a retrace, but I'm not sure if that's a great idea since the daily will close below the RN and it might be better to have momentum on side. I'm not much more experienced than you at this type of trading so ...

james16 Chart Thread

So here are my charts for the above trades I'm considering. image image

james16 Chart Thread

New chart on Eur/cad long trade which was a winner. url

Trader gone mad

Have taken full profit on this trade now. Looking for longs on either the GBP/USD or GBP/AUD. Weekly charts are showing nice BUOB's that have closed above previous support and RNs. Will post charts later to get thoughts.

james16 Chart Thread

Hi mate, I always risk 0.5% of my account no matter how many pips my stop is (don't yet feel comfortable risking 2%). What I meant is that the stop will be so far away that it messes up the RR ratio of the trade. I like the retrace method but I ...

james16 Chart Thread

Thanks

james16 Chart Thread

Question for Mike or anyone else that can answer. I'm still trying to get the hang of these PA bars and was wondering how you play big bars. Here's my example. Now I know this BUOB I've circled is not at a swing low, but it's closed above previous ...

james16 Chart Thread

Two more charts up on blog. url

Trader gone mad

Hey Mike. Okay, so what you're saying is that once price breaks a range, it's better to wait for some kind of confirmation that price will hold above/below it. For example, if price goes up above a range, closes above it, and then pulls back to the ...

james16 Chart Thread

Cool, appreciate the thoughts. As it turns out, my broker Oanda offers SGD/CHF instead of CHF/SGD for some reason (I use fxpro mt4 for charting). I have a question about consolidation ranges. Suppose you get PA in the middle of a trading range, is ...

james16 Chart Thread

Here's a trade on the CHF/SGD daily I'll enter long on the break of the fakey mother bar. Here is my chart showing reasons for the trade image thoughts appreciated. Cheers. Sorry it's a little small, but needed to zoom out so you could see the ...

james16 Chart Thread