Hi MP, It certainly looks like the up move is struggling, and its right at the trendline, so another break of that could get the sell orders piling on, space to get to 1.070. Chatzi

james16 Chart Thread

Thanks Mike, sorry, I posted that a bit early the bar has still to close just keeping an eye on it.

james16 Chart Thread

Potential small pin bar on CHFJPY 4 hour at PPZ. If it breaks maybe back to 83.90?

james16 Chart Thread

Hi novice, With a trade like this, you should be moving stop to BE asap, and locking in profit at first level of trouble (122.90) which it did reach. Given that it as more of a doji it still did do what I would expect. Chatzi

james16 Chart Thread

There is a nice 2 bar low on GBPUSD 4 hour, right on a ppz. Bet there is a gazillion stops below there, my sell stop being one of them (on demo though lol). Any other fellows traders taking it?

james16 Chart Thread

I think you are right, should be clear swing lows and highs.

james16 Chart Thread

AUDUSD — I missed this trade today, I had the ta setup but just missed my Limit buy. Trendline, ppz and 50 fib.

james16 Chart Thread

I don't see any problems taking < A+ trades on another account, as long as you recognise they are not A+ trades. I feel you learn a lot more when you are in a trade and you can practise exits and just get a feel for the movements. Regards Chatzi

james16 Chart Thread

Nice, the power of PPZs

james16 Chart Thread

My next target area, multiple confluences (strong PPZ, 61 fib, trendline, retrace) if we get some PA here then would be a good chance of some pips.. Patience is key here, might take a day or two, or it might never get there.

james16 Chart Thread

No Problem Cory, The Fiber trade was bit of mistake, I only had one confluence (TL retrace) with ppz. I will make sure my charts have all the confluences from now on. Regards Chatzi.

james16 Chart Thread

Hi Cory, It was a s/r trade based on PPZ which to me is as important if not more than PA. I was pointing out where I though the important levels where. Im not sure of your level Cory, but once a PA trade reaches the first ppz you can't bet on it ...

james16 Chart Thread

This was a good trade for me, I saw the 143.65 as a strong PPZ and it held as support for a while, this was the first test as resistance and I watched it try again and again to get above 143.60 but it just couldn't. I played it as a aggressive small ...

james16 Chart Thread

Could be a nice pin on daily, im thinking it might retrace to 143 again before going to the trendline/ppz at 141.5 first though.

james16 Chart Thread

Thanks Mike, Just closed it for 100 pips, with 30 risked. Though those bar lows would cause problems.

james16 Chart Thread

I went short at 143.30 now at BE.

james16 Chart Thread

Wonder if we will see some PA around 1.37 on fiber, conflunces with a ppz. Sorry no chart, at work.

james16 Chart Thread

Good post reminds me of this. url

james16 Chart Thread

A few folks pm'ed me for a copy of the drawdown spreadsheet I mentioned.

james16 Chart Thread

I would also vote for an advanced thread, however only if the seniors agree. Its a pity there couldn't be a James16 sub forum here at FF, to keep any new threads together.

james16 Chart Thread