Hello all, A question.. Lets say i trade W1, D1 and H4 only. Lets say I have drawn r/s levels (I usually use jaroo's HCR and LCS levels). Let say a pair has reached a PPZ. Now on the W1 and the D1 for this pair I see PA (i.e. an IB broke through ...

james16 Chart Thread

3250 should be it.

EURUSD

Totally agreed.

EURUSD

If that statement can get you a vouch then im changin my trading style

EURUSD

hello all, Daily res 1.3222 still holds. well be testing 3185 i reckon as unemployment was as expected. if theres a clean break then trend change. If bounce then we shall be re-visiting 3185 soon enough. If H1 bar closes below 1.32 then trend change ...

EURUSD

Hi heaven, Post a chart of your trade here. Yes, you are right abut that sell order. It is something else im trying in my demo account. Not related to PA or any of the concepts here. Which is why i didnt mention it in the writing. Best, -H

james16 Chart Thread

Dont know about the girls but pretty sure the rabbits have their breaths back.. lol

james16 Chart Thread

I totally Agree with R3ta here. All indicators, from the simplest to the more complicated ones, were initially developed for equities. Forex has a huge liquidity, trader base and volume as compared to equities and by the time an indicators tells you ...

james16 Chart Thread

Good day all, EC has approached PPZ/ heavy demand area. PA around here could be useful for 50 odd pips either way i think. Thoughts? GBPUSD will probably have a more defined direction after fomc reports today. Its a heavy fundamental day and PA ...

james16 Chart Thread

I wonder if next months actual is going to be worst. But it could just be better.. But even if it is since the margin of error is just +/- 0.2 percent Uk would still be in a recession even if it is 0.0 IMHO Theres no way the pound can cross 1.63. ...

Cable Update (GBPUSD)

That clarifies things alot. Thanks mike.

james16 Chart Thread

EURAUD — Hi Mike, Very educating input.... Would you say this is the sort of situation where the trader would be justifying a trade out of nothing? You mention that in your view, its a mild deviation from the trend but i deciphered it as a ...

james16 Chart Thread

EURAUD — HI Guys, DO you think this is worth keeping a lookout for. Price wedging in and trading around resistance area 1.278. break up could be profitable but not the Break down as there are lots of trouble areas. Wat do you guys think? -H

james16 Chart Thread

Suicide its a suicide

Cable Update (GBPUSD)

He who quit trading because it wasn't challenging enough, and started working on time travel instead

Define a successful trader in 1 sentence

I took this trade short due to to MACD divergence long term on the daily. Key PPZ of 1.61 to 1.615 (19 month high) wedging of the TL and the last hours momentum of Friday last week suggested to me that a bull trap was being formed. I also belived in ...

james16 Chart Thread

As I am already Short on this pair at 1.613 for a retrace i just wanted to share some insight. im still new so might be completely off on this but.... Last week I had been eying price movement on this one quite diligently the momentum slipped ...

Cable Update (GBPUSD)

I was hoping for some retrace today. Fibs are perfectly lined up. Had a very small Short from 1.6130. kept it open during the weekend. Monday is a high chance of retrace. Have a good weekend all.

james16 Chart Thread