Anyone out there taking a shot at this one? AUD/CAD, nice engulfung BEOB at Parity with a good close. I was it would close below that recent consolidation... but..... no

james16 Chart Thread

Hi D. Aud/Jpy seems to be in a boxing mode now, with H4 producing bullish and bearish pins all over the place (so generally very choppy and probably better to avoid) As far as the weekly bar goes, Personally I'd wanna see it close above that recent ...

james16 Chart Thread

Hi Emmy, It's difficult to quantify since it depends on the pair, current market conditions, and the trading style (some traders are more conservative than others) My suggestion would be to review past posts in this thread to get a feel for what ...

james16 Chart Thread

An interesting one right at the 80.00. Although a bit small for my liking

james16 Chart Thread

It happens sir! infact I have come to expect it, that way I just smile when it happens instead of getting mad But it seems like you're doing really well. Just be careful not to adjust/curve-fit your strategy in order to fit your most recent ...

james16 Chart Thread

Hey chris, My view on this its that it did work. And when I say it did work I mean, priced moved as far as you would expect under these conditions. The bar is nice but this is only a part of what makes a great trade. Notice the massive resistance ...

james16 Chart Thread

Hi emmy, A PPZ is a specific level or zone that has proven to be both resistance and support in the past. The best way to find them is simply by studying charts and marking them off as you see them. it takes a lot of practice and screen time but ...

james16 Chart Thread

Well it looks like we finally had the true break, to the downside unfortunatly. Things seems to be setting up for a breakout/pullback stlye trade, but the picture is far from clear. Since there was no clearly defined lower bound to the channel, it's ...

james16 Chart Thread

I agree Pin, I have a feeling the true breakout of this one will be a very pretty picture J

james16 Chart Thread

Hi D, I think in general with this pattern (aud/jpy) I will wait for a breakout and retest of the box before making a trade. A pure break of the channel could be risky in my opinion and there have already been many spikes (false breakouts) in both ...

james16 Chart Thread

Massive support from the 80.00 but it looks a little like it's hanging on by it's fingernails. Can't wait to see how how this channel is resolved

james16 Chart Thread

Hi melvin, I would say there are some mixed signals coming from that bar. It is a BEOB by definition, but the bar structure is far from the ideal. You can see that the close ended up more or less half way up the bar giving it an almost bullish look ...

james16 Chart Thread

I kinda like the AUD/USD and AUD/CAD off parity but they are both trading right into trouble, so nope

james16 Chart Thread

Some nice looking 1hr bars out there right now

james16 Chart Thread

GBP/USD 4Hour Got a nice sized pin where we wanna see one (Double top / BRN / Divergence) But I passed on this one as it's trading directly into trouble (lack of space etc) I'm not prepared to take on the risk for what would have to be a quick ...

james16 Chart Thread

Yes sir

james16 Chart Thread

For me it's the fact that the engulfed bars sit right at the top, giving the bar more of a simple BEB look to it. Nothing wrong with that of course, but I feel more comfortable with the more classic looking PA setups Jonny

james16 Chart Thread

My opinion (for what it's worth) on the current EUR/CHF 4Hour opportunity, is that there's too much support in the near term (in the form of horizontal levels and rising trendlines) for me to consider going short Also I don't really like the shape ...

james16 Chart Thread

Interesting scenario on the GBP/JPY 2 Hour Chart Looks messy though as it's trading into a bigger zone

james16 Chart Thread

Yep, give or take a few minutes

james16 Chart Thread