Might be worth watching. daily bullish divergence. it looks due some retracement?? nice strong bar coming off support and closing above 1.5200 res. Heading back into the 1.5270-1.5300 area so thats something to be carefull of... jon

james16 Chart Thread

Yeah bee, you got it. Its just about reading the surrounding PA to get a handle on the "real" picture and not getting caught up in the details. That PA might be a few days worth of a few months worth depending on what your looking at and on what TF. ...

james16 Chart Thread

thanx bro, your english is fine. i remember now, iv seen it before. its a bit complicated for lazy me, ill stick to working them out in my head. lol.thanx a lot though jon

james16 Chart Thread

They can be but this where it gets tricky, (for me) it depends on the surrounding PA, or the story, to determine how valid/convincing they are. We cant pick bars at random and say it is a continuation bar. the story is much more important. jon

james16 Chart Thread

Theres not much evidence of it being respected for the 3rd touch...?? but as a guide line it may show a break out ?? it will be more clear imo if or when price retests this area... jon

james16 Chart Thread

not the strongest of TLs imho....but ... i would say so, we have a daily close above the line and the 1.52000 level. Will it hold? who knows but there may be an oppertunity if we get a retest of that area with some PA that shows it is holding as ...

james16 Chart Thread

Hey Rcubic, that is a BEOB, but J16 teaches to look for them at swing highs as a reversal bar. They can be traded as continuation bar (one nice example was posted earlier) but they are a lot trickier to manage and the surrounding PA is more ...

james16 Chart Thread

Hey Martin, how did you get the 2H chart? cheers jon

james16 Chart Thread

something im gonna be watching, if work doesnt get in the way, divergence suggests a bullish move but we will see.... jon

But... Naked Trading!? The Elegant Charts Thread

Yeah right. i only use the calender in relation to small TF trades, or to understand why price is slow or jumpy etc, i wouldnt even try to trade the news or anything. I dont want to go in that direction. I wish i had your confidence!! cheers ...

james16 Chart Thread

Nice, its good to see TLs drawn in properly that have some significance. jon

james16 Chart Thread

lol. dont you bother at all with it?? im suprised seeing as you would actually understand it properly What about bernies speach last week? was you interested in/watching out for that?? jon

james16 Chart Thread

jeeeez.....im gonna be gettin PMI pains all week by the looks of it!! lol. theres a lot on the calender to be aware of this week, just thought id give the heads up. jon

james16 Chart Thread

this one mate...tha BEOB you talked about jon

james16 Chart Thread

The daily bar you mentioned. jon

james16 Chart Thread

Hi geomink, changing TFs can be confusing but try and remember the trade you might choose to take is reletive to the TF it was taken on. e.g. a lot can happen on the 4H chart that you wont even see on the weekly. The first thing i noticed is ...

james16 Chart Thread

good area. im pretty bullish on this pair, personally i think we will get a break north....??? weve got bullish divergence too from 4H on.. jon

james16 Chart Thread

retrace breakout set up. i took the outside type bar after price meandered back to 1.5270. seemed a strong bar compared to those on the way up. Closed below the daily open price which ended up acting as the intraday pivot...SL protected by that and ...

But... Naked Trading!? The Elegant Charts Thread

!!!!! 89 pips!!!!!! i would swear if i wasnt lost for words!!!...HIJOS DE GRAN PUT...... when i was with oanda i didnt have a problem. the spreads widened but only when you would expect them to and not in the same league as 89 PIPS!!!!!!! JON

Fail Better

worked out well this time... jon

james16 Chart Thread