Gold — New chart data revealed the footprint of sellers, the shooting star. The unconfirmed weekly levels above are now confirmed. As identified well in advance the "weakness" of the BUOC is reinforced by the two consecutive daily candles that ...

james16 Chart Thread

Gold update — Analysis Update As expected, price tested the unconfirmed weekly resistance level (the weakness of my trade) and was rejected. Moreover, today's candle that shows the latest sentiment of the market participants toward support and ...

james16 Chart Thread

I have to add that the above is a demo trade because I am currently in another trade with maximum risk exposure. But I treat both accounts, real and demo the same way with the proper required respect.

james16 Chart Thread

Gold — Price is testing the weekly unconfirmed resistance. It is the level that will determine the outcome of the trade. It is very important for trading psychology to know the weakness of a trade and be prepared to face them. Why price is at ...

james16 Chart Thread

Gold — Altering The Initial Trade Plan In an attempt to make the trade stress free, I moved level of the first target higher at $1702. The stop loss for the second position will be moved to break even and it will be trailed according to new ...

james16 Chart Thread

EurUsd Monthly Hammer — Below a post that I published in another forum a few days ago that might give additional clues towards any trading or not decisions: I will explain the concept of the controlling candle with a real time example. I ...

james16 Chart Thread

Apologize to the thread. It seems I have to adjust my abbreviations with the ones of the thread.

james16 Chart Thread

Gold update — Further reduction of risk exposure by moving stop loss lower at level 1741 which is 3 points above the high of the day. With more data now in the chart, if price violate the level 1738 then the criteria that make me enter the ...

james16 Chart Thread

Gold update — Lower my stop 2 points above monthly and weekly resistance @ 1747 minimizing risk exposure.

james16 Chart Thread

Yes, your are right on the conservative aspect of the buffer. The point of my statement has to do with the validity of the setup meaning "real" or "fake" footprint of the market maker or smart money. They know where the retail traders place their ...

james16 Chart Thread

That is a good approach on pending orders. However, a pending order of x pips on a bad setup will not save you. At a good setup a pending order anything higher than the spread will work. I will keep this approach the 8-10% the size of previous bar.

james16 Chart Thread

It depends on the situation. Usually 1-3 points. If i am not wrong that is 10-30 pips. At the current trade then was 15 pips. I did not check how the sup/res are identified here but I think is similar to mine. When I have time I will try to explain ...

james16 Chart Thread

Gold Short Trade — Short sell order filled. Analysis: BEOC of a good shape, size, no traffic to the left at swing high. Weekly shooting start as controlling candle. All the resistance levels above are confirmed. BEOC was formed at a good ...

james16 Chart Thread

Controlling candle in the sense of being bias for long. But this is not the story due to the monthly hammer "weakness".

Strat's Long Term Stress Free Trading

The controlling candles are not similar — The current one is "weak" relative to the other. No room for price to develop but you never know.

Strat's Long Term Stress Free Trading

EU — Appr. one hour for the day candle to finish. Last candle shows the last market sentiment. A two day shooting star in process or as you call it here a pin bar. Maybe not great in size but at a great location. A confluence of dynamic (TL) ...

james16 Chart Thread

Interesting Thread — Hi, my name is Michael. I like this thread because i trade almost similarly. Pure price action with some additional tools to protect me from "fake" setups. When I have free time I will post high probable setups and try to ...

james16 Chart Thread

Break out? — Which breakout you are talking. Reconsider you S/R.

Strat's Long Term Stress Free Trading