Thanks Jaroo and ghous I appreciate the explanation. I think I am clear now.

james16 Chart Thread

Thanks Jaroo and ghous, I think the above was the statement I was looking for. On the attached is the bearish OB still valid in the 2nd box? If not what has invalidated it: a) the move downwards to 1.58 region (and if so at what point does this move ...

james16 Chart Thread

Ghous, is there also a timeframe over which the setup would be valid assuming it broke the high, or a price extension over which its invalid. eg it takes another 10 bars before it retraces or the bar extends its same length again before it retraces ...

james16 Chart Thread

cheers ghous I didn't realise about the breaking the high piece. I will go back through the archives again.

james16 Chart Thread

Thanks q_j, useful insight and advise.

james16 Chart Thread

A question looking at BEOB. Here is one I found on USDCHF. we have now had a retrace of this which actually extended beyone 61.8%. Is this something that we should be looking to play on the long side or because we had a significant retrace then we ...

james16 Chart Thread

Boxing, I am probably one of those people. I stopped posting and trading for a decent period, partly because the day job got busy but mainly because it wasn't working. I then came back to this thread and decided to clean my charts and focus purely ...

james16 Chart Thread

yeah sorry I had written my post and attached the chart and forgot to submit it for about an hour. Then when I submitted it didn't have the chart and I realised some of the wording was a bit old, so edited it.

james16 Chart Thread

A 4 hrly PB on my GBPUSD which goes against the BEOB. Oh which one to play, or perhaps both if I was good enough? Or neither due to the location in the middle of a range?

james16 Chart Thread

Thanks supreme, for me it was also at a PPZ and bang on an uptrend line. I think I need to also examine trades from the other angle which would have been a break of the low means a break of trend and a quick move. Anyway, its all learning.

james16 Chart Thread

I guess that answered my question. If I had waited for the break of the PB then I wouldn't have taken the trade. Sadly I traded the DBLHC.... another lesson learnt.

james16 Chart Thread

Something I am watching on GBPUSD: 2hrly - pin bar formed at PPZ hrly - DBLHC Question - I think that James said to trade the DBLHC on a retracement if possible. Given that the 2hrly pin bar is the same setup then should I wait for the pin break or ...

james16 Chart Thread

TotalNewbie I am no expert but I think you need to be open and watch the price action rather than choosing a direction firstly. The brain will automatically filter out anything that suggests it might go up, only focusing on stuff causing it to go ...

james16 Chart Thread

Fair point Supreme, I had only eyeballed the chart and not checked it. As you say if nothing else it provides some validation / hope for those short on the weekly PB from last week.

james16 Chart Thread

I don't post a great deal as I don't have much time to trade and have mixed success. However this thread is always spot on. One thing to watch tonight is will GBP go any lower, if so then we might have a DBHLC on the daily. Its not played out yet, ...

james16 Chart Thread

Thanks Billye, good advice. At this stage I want to try to understand it but I will then probably demo MT4.

Trading using Murray Maths and Price Action

I have gone through the whole of the documentation again and came across the piece were is says for the deutsche mark you multiply it by 10,000 so that was what I was looking for. To explain, I don't have MT so will be doing my analysis using excel. ...

Trading using Murray Maths and Price Action

Hello, I am new to this thread and currently working my way through it and all of the material. One question I have is what SR do people use on currencies like GBPUSD and EURUSD? I am not sure if people scale this up so a GBP rate of 1.4550 becomes ...

Trading using Murray Maths and Price Action

Much obliged Seattle, I take it that when looking at an hourly chart you use 24 as a period and then tweak your other timeframes? I will do some reading on the indicator.

No Brainer Trades

Seattle, having just gone through your posts I note you use ATR, what is this? I can only find something that says average true range, but this does not tie up against the numbers you post? Additionally I wonder if GW was looking at your comments ...

No Brainer Trades