John, if you don't mind, can you explain little bit more on these fakey set-ups. You posted about NU also yesterday.. How are you determining that it is a fakey set-up ?

james16 Chart Thread

ET4 ? NZDCHF Daily — Trend is down moved up through EMA 21 and even EMA 50 Closed below EMA21 with an IPB.. the close is not good. Did not spend much time in the CT zone. Looks like breaking hard now !! Ghous, does this fit to ET4 type ?

Trading "The Constrictor"

Et4-gbpusd-daily-09-15-2010 — First trade with Constriction zone trade. ET4. Along with the trend (In this case uptrend) trade consricted between the zone for some time Non threatning bars indicating a trend change. (except one big bar of ...

My Trading Journey

I also took this trade as ET4. I did realize that the close of the BUOB is not strong. Still, since the pair bounced up from 1.55, I felt it has wings to move up. I played with traditional setup.. Will get to BE if and when the price reaches to 1.57. ...

Trading "The Constrictor"

I think it fits to ET4. Lets see what Ghous says ?

Trading "The Constrictor"

Are EUR/AUD and EUR/NZD not stopped out ? I believe you took EURNZD, before it crossed EMA 21, right ? (I know you mentioned in the first post,based on traders judgement trade can be taken even before it crosses EMA 21). I liked EURAUD. On IBFX it ...

Trading "The Constrictor"

2 bad - H4 Trades (NZDUSD, CADJPY) — Took 2 trades yesterday on H4 (first time on H4). 1) NZDUSD-BEOB/DBHLC The problem with this setup is - against the trend no space.. so many high/low bars for FTA. Basically no clear FTA. The bar is ok ...

My Trading Journey

It was a good decision.

james16 Chart Thread

Thank you Jaroo. Today looks like an interesting day.. hopefully, this will trigger some trending market for the next couple of months.

james16 Chart Thread

PB, did you take NZDUSD trade yesterday (H4, DBHLC) ?

james16 Chart Thread

My view is - Pros: The bar looks like ok size. Along with the trend BUOB ar 61.8% retracement Swing Low/double bottom Cons: Did not close above 1.6 Space is a constraint (Edit) - The close is not strong. Left the wic. Expectation: Retracing to ...

james16 Chart Thread

You are right on being more careful. I just had the taste of their participation. (Stopped out CADJPY).

james16 Chart Thread

I don't know for sure but I think they are not because 1. They participate occassionally, just to tilt the balance against the market sentiment. 2. Their partcipation is termed as an Intervention So far, I could think only these two reasons.

james16 Chart Thread

Ok. Thank you for the update. I was wondering why all the yen pairs shot up like any thing. I was short on CADJPY since y'day night. It was in money at 6.25 PM (UAS PST).. when I saw after few minutes, I was stopped out. Jaroo, How do we analyze ...

james16 Chart Thread

What a miss by 3 pips ? I don't know what is the current status now.. I am at work..left the position open.

james16 Chart Thread

Yes. I took. and set FTA as 80.60. I set the J16 EA and closed the computer.. assuming that setting will be saved and executed from the server. Edit: Just woke up.. The price hit 80.60 but my order was not executed/closed to BE. My position is still ...

james16 Chart Thread

Ok. Thank you !! Got your point.

james16 Chart Thread

I am also watching this pair.. I am confused about how to interpert the small green bar (looks like IPB or IB). The bar tries to go up.. but was rejected.. but the bar was not closed below the previous low.. what does this indicate ?

james16 Chart Thread

Thank you Jarroo. I will keep this in my watch list.

james16 Chart Thread

cadjpy-Daily chart — 82 as a Support: 82 looks like a key PPZ.There were 5 attempts to break 82. Finally 82 was broken on 6th attempt. 82 as a Resistance: Now the price is testing 82 which now acting as a resistance 2 attempts were failed. Now ...

james16 Chart Thread