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- Michael-SPA replied Feb 15, 2012
A lot of potential daily PA among the pairs. Only two worth the risk. Both in traffic but the story behind eliminate that. The audusd & usdcad pins.
james16 Chart Thread
- Michael-SPA replied Feb 13, 2012
BUY STOP CANCELLED The pending Buy Stop removed due to: -Monday's lack of DIRECT bullish momentum -Deep price retracement of the two day BUOB and closing below parity -Inside candle is formed which I do not usually trade -The ATR equals the distance ...
james16 Chart Thread
- Michael-SPA replied Feb 13, 2012
Thanks for your concern. But after scanning the menu list of pairs, the only one that fulfill my criteria was this exotic PA setup. The story behind it was worthy to take a risk and still is...despite the imagination of building the PA setup itself. ...
james16 Chart Thread
- Michael-SPA replied Feb 13, 2012
Basically the situation here is, price was consolidating below parity and above a week R. The closing of Friday and the new confirmed weekly R that the consolidation developed increases the probabilities for price to rise north. Of course there is ...
james16 Chart Thread
- Michael-SPA replied Feb 13, 2012
The low of Thursday the open, close and high of Friday.
james16 Chart Thread
- Michael-SPA replied Feb 12, 2012
I hope the charts below will answer your question. Note that daily time frame is where i initiate my trades. I draw my sup/res levels from the weekly and monthly. One of the criteria on my trading plan when evaluating a potential PA setup is to look ...
james16 Chart Thread
- Michael-SPA replied Feb 12, 2012
As I said, I am new to this thread that came to my attention a while ago. I use a lot of the trading tools that is used here. OF course I need to adjust my abbreviation based on the ones here. I just need time to get used to that. So FCL is similar ...
james16 Chart Thread
- Michael-SPA replied Feb 12, 2012
Explain me please, The highest res. that now may turn support??? but it is a support, right? We just need price to confirmed it as support.
james16 Chart Thread
- Michael-SPA replied Feb 12, 2012
It is fine. I am new in this thread and i must adjust my abbreviations to the ones here. I really like this tread!!!
james16 Chart Thread
- Michael-SPA replied Feb 12, 2012
Yes you are right. But i wrote 2 DAY BUOB. Join the Thursday and Fridays bar and make them one.
james16 Chart Thread
- Michael-SPA replied Feb 12, 2012
uc buy stop — Trade Plan -Buy Stop 12 pips above the high of the two day BUOC (10% of the high-low length) -Stop Loss at the low of the formation -Take full profit at the FCL -Capital at risk: 1% (trading within a range) Full profit at 1.0100 ...
james16 Chart Thread
- Michael-SPA replied Feb 12, 2012
It is not something special. But I will ask the creator and if i have his permission I will.
james16 Chart Thread
- Michael-SPA replied Feb 12, 2012
Uc two day bullish outside candle — + Good shape and size. There is traffic to the left BUT the strong close above traffic and parity as well as the violation of the BEOC (2-2-12) high eliminate this negative element + Monthly at a range BUT ...
james16 Chart Thread
- Michael-SPA replied Feb 12, 2012
Question — Nice Charts. I am wondering how can you trade equities where there is always a possibility of a gap after a good PA setup??? Also what if the after market will alter the shape of a PA setup???
james16 Chart Thread
- Michael-SPA replied Feb 11, 2012
AC Weekly Shooting Star — +Good close, shape, no traffic to the left, at swing low. - Weak size that seems a profit taking candle rather than a reversal one. - Monthly and weekly trend bullish. +Direct trend is in sync (Bearish) (provided that ...
james16 Chart Thread
- Michael-SPA replied Feb 10, 2012
GU Weekly Shooting Star — According to my criteria is NOT trade-able because of the following reasons: - Good closing, shape, size, no traffic to the left, at swing low. - The monthly, daily and direct trend support it BUT not the weekly ...
james16 Chart Thread
- Michael-SPA replied Feb 10, 2012
Gold Free Trade — Half TP at $1711 was filled and the rest to BE at $1733.
james16 Chart Thread
- Michael-SPA replied Feb 10, 2012
Thanks but i did not trade the bullish outside candle.
james16 Chart Thread