SC, pl see the highlighted one.

james16 Chart Thread

Great !! Very good. One quick question though: why reducing 1/2 after consecutive wins ?

james16 Chart Thread

You are one of the very few people who has the courage to confess your loss in public. ALL THE BEST in your trading. May god with you !!! I wish you will recover your loss as early as possible.

james16 Chart Thread

As you said, it is not an eye catching BEOB. probably not a tradable bar. url

james16 Chart Thread

This is a good one. I didn't trade this since BEOB left a long wick at the bottom. It suggested me that bears are NOT in complete control.. I guess I was wrong. Good one though. All the best.. It looks like it still has more steam to go down. Now I ...

james16 Chart Thread

I am with you on both - 1) FTA 4- H &S 2) If support breaks - running for parity.

james16 Chart Thread

Daily USDCHF - BUOB or DBLHC — Looks better than EURUSD,GBPUSD and USDCAD setups ? Cons: Against the trend Bar size is small in relation to 07/01 bearish bar Pros: Sitting at the solid support Swing low

james16 Chart Thread

Weekly USDCAD BEOB — Looks weaker setup than the previous 2 pairs (EURUSD and GBPUSD) Cons: Still in consolidation. Not really broke the consolidation or sideways market. Not at absolute swing high Pros: Crossed and closed under 1.035 (Weekly ...

james16 Chart Thread

Daily GBPUSD BEOB — Thursday + friday bars together makes up a BEOB. Cons: Size is not great- in relative to 07/01 bar, the size is small Traffic Pros: Swing high Broke the consolidation (previous 4 bars) at 71.8% Fib retracement with the ...

james16 Chart Thread

Daily EURUSD BEOB — Cons: Size is not big. Barely engulfed the previous one In relative to the 07/01 bullish bar, it is too small. Lot of traffic Cons: With the long-term trend. Swing high At fib retracement Broke 1.27 - Wekly PPZ Comments ?

james16 Chart Thread

Update to post 16(EURGBP - Weekly - 07-17-2010) — My initial FTA was on this one at .8384. Price came upto .8383 and now it is retracing again. Probably I should have kept it at .8380. - 2nd picture Anyways, so now I manually closed one ...

My Trading Journey

Entry is at .8307 . Yes TP is .8384, missed by a pip. Blue line is 200 EMA. Broker is FXDD.

james16 Chart Thread

Hi SC, the EURGBP which we discussed in the beginning of this week, still in play. I am almost there to break-even this trade.

james16 Chart Thread

Jim, this helps a lot.. Now I am lot clearer than before !!

james16 Chart Thread

Jarroo, A great explanation about how to read/understand retracement. Thank you !!!

james16 Chart Thread

I am also not senior. However,I would agree with Pinbar.

james16 Chart Thread

At least, I am glad that I am with you so far. My biggest problem now seems to be 1) Identfying FTA's /Trade management. 2) Understanding retracements for BEOB/BUOB for confirmation trends.. Hope I will get over this soon.

james16 Chart Thread

Jaroo, if retracing to previous low/high is a good confirmation, how do we need to trade this one ? 1) Should we wait for the retracement before placing an order ? 2) I believe, you still recommends to place the order 10 pips above/below the hig/low ...

james16 Chart Thread