That's fine. And yes, I know you can trade them that way. But most people wouldn't have waited because it was at support.

james16 Chart Thread

No it's not. That's a BUOB. Go look at everything that is taught. Show me where it states that you have to take a BUOB when its close is higher than the previous bar's high and I'll gladly admit I'm wrong. Once again -- 20/20...

james16 Chart Thread

Ya know though, that may be true, gidnoa, but the truth of the matter is that you can say that all the time. I can throw up three or four different MAs -- hell, I can throw up MAs that in the past have been known to represent support very well -- ...

james16 Chart Thread

That's not how you trade BUOBs... you trade them by opening a position at the close of the formation. The only formation that you should really be waiting for is pinbars. It's easy to say that in hindsight. Furthermore, the R:R on these types of ...

james16 Chart Thread

Here's loss #3 of the week: BUOB on NZDUSD at support... and yes, that close is high enough for a valid BUOB. Once again... just trying to show everyone what reality is.

james16 Chart Thread

No one ever posts trades that fail, so for everyone who is new to price action, there is a bit more involved than just picking PBs, DBHLC, DBLHC, etc., bars... Here's two trades that failed on me this week... I ended up breaking even for the week ...

james16 Chart Thread

Y'all have too much time on your hands.

List of Nano Lot Broker

Crack kills.

Suggest me a good EA please..

They went in the wrong direction because you have preconceived notions of where you think price is going to go. The first step to successful trading is not trying to predict where price is going to go.

can anyone explain me?

...and even then, your chances are around .001%... pretty good odds.

Oanda just lower their spreads!!

I don't have the same feed -- did it break the pin's high? If not, you should've never took it. Also, if it did, your stop can be either a) halfway or the low of the pin. I prefer the low.

james16 Chart Thread

It formed a Bearish Outside Bar (BEOB) at resistance, which is indicative of a change in the market to a bearish sentiment.

james16 Chart Thread

That's why the title of my post says, "Alpari Feed".

james16 Chart Thread

When in doubt, go with the guys who have the most operating capital...

Oanda just lower their spreads!!

Aside from that one incident, brokers are here to make money. They have to protect their positions. Be happy this isn't a dealing desk model where the market maker tells you that hey, they have to make the market, and when you put in a market order ...

Oanda just lower their spreads!!

url

USDCAD trend reversal?

Who doesn't? Try a few different brokers. You'll find out real quick that Oanda owns the retail space.

Oanda just lower their spreads!!

Hey, they don't call me Darth Fader for nothin' ya know...

james16 Chart Thread

USDCAD 4H - Alpari Feed — Here's money trade #2 of the day... rifle shots folks... Set your target for the yellow dotted brick road...

james16 Chart Thread

USD/JPY 4H - Alpari Feed — Here's your money trade of the day. You could play it short now, or set your sell limit at a 382 or 500...

james16 Chart Thread