Swings — Thanks Chanya for the PDF. In relation to LCS and HCR which swings do you identify as significant? As I am looking at current price on many pairs my eyes are drawn to the swings, some obviously big and some obviously too small but ...

james16 Chart Thread

GBPNZD — Anyone watching this one. Have the BRN to contend with.

james16 Chart Thread

Stop loss. — There are a multitude of ways to determine a stop loss. One must balance giving the trade "room-to-breathe" with one's position sizing. It is common to place the initial SL above the previous swing. When the trade starts moving in ...

james16 Chart Thread

Mike had a good entry based on the BEOB on 30 minute chart. You can see it retested the TL. Once price broke down definitively any entry after that to me is a crap shoot. Currently No clear entry point seen. Probably need to wait for a retrace back ...

james16 Chart Thread

GU — GU finding support? Pinbar on H1 at confluence. Will wait for this to break the top of the pinbar if long.

james16 Chart Thread

Nice — Nice trade Mike. I didn't play the break out. I'd like to see a retrace back to the TL but maybe not. EU looks pretty weak. But GU and AU are looking strong and a bounce up I think is possible. We'll see.

james16 Chart Thread

GBPUSD H4 — H4 view. You can see there is TL on the larger time frame that may influence price action.

james16 Chart Thread

Nice — I only watch the majors so I miss these. But that is a beauty. I haven't yet developed the nack for watching multiple pairs or markets for that matter.

james16 Chart Thread

GBPUSD — Been watching GBPUSD. Need to wait for this bar to close but it is looking like a pinbar. Maybe reversal to one of the lower TLs for support. We'll see.

james16 Chart Thread

GBPUSD — I like the GBPUSD price action. You can see a smaller triangle consolidation on the 1 and 4 hour time frames occurring within a much larger triangle consolidation in the daily/weekly time frames. Looks like one to watch.

james16 Chart Thread

Love this thread. Learning a lot.

james16 Chart Thread

Retirement supplement — I am 50 years old and nearing retirement. I have bought 140 acres in the New Mexico mountains and soon will be building my home and riding my horses on my land. I would like to be able to sit on my porch overlooking the ...

Why did you start trading?

Nice Trades

Simple 7 Strategy

Your wisdom is very inspirational. Thanks IF

Price is Everything Chat Room

Perhaps. But what is the exit strategy? The trend being down as denoted by the 200 ema if one waited for the 7 ema to cross back below the 50ema would have been the better trade. Need tighter criteria for entry and exit. Anyway price action ...

Simple 7 Strategy

GU — In full disclosure this is on demo. Taking trades off 15M charts working better for me. Also sticking with the trend so in this case taking trades from supply areas.

Price is everything

Higher time frames — My take is that your 1H chart helps to explain. Overall trend down suggesting supply overwhelming any demand. Bounce from supply was powerful. I would be biased in favor of shorts off supply areas. Certainly demand may be ...

Price is Everything Chat Room

GU update — As in previous post left second half run. This is it.

Simple 7 Strategy

I believe market sentiment often overwhelms supply/demand zones. Fundamentals tend to initiate the move then the technicals help us trade along with it. In this case the down trend prevailed so I would have been skeptical of any "long-lasting" long ...

Price is Everything Chat Room

GU demo trade — This trade didn't follow the rules of taking a trade on the MA crossover. Notice the white ema crossed the 50 ema and the 200 ema to the upside signaling a long trade. But notice the grey rectangle denoting a supply zone. So ...

Simple 7 Strategy