You considering a long position on that blue highlighted area Mr. Benji???

james16 Chart Thread

a couple GBP BEOB's... I like GBPUSD because it is in a more noticeable "swing high" area, it has already broken 1.6600. I do not like it because it is running smack into the weekly pivot area, and already looks as though it's finding some support ...

james16 Chart Thread

Do you see 1.0542 as a potential "problem area"?

james16 Chart Thread

eek! I love you guys . I'm now seeing why, on the charts that father Jim posted on page 1, why my 'multi-bar highs' are NOT ideal looool.... well I'll tell you guys what, at the close of todays bar, I'll make my decision. Fair? Thanks so much for ...

james16 Chart Thread

I'm curious as to how the veterans here, know when to identify a previously reliable support as being not-so-reliable at a certain time? How do you know when something that has been tested 1-3 times, not going to work this time? I have seen this ...

james16 Chart Thread

Yes I am concerned about the resistance area we are currently in, but that is why I gave myself such a comfortable stop. I also may or not look to re-evaluating another potential long position around 1.4900 if/when we get there. I Just look at this ...

james16 Chart Thread

I went ahead and placed a buy stop on the matching bar highs here, VERY comfy S/L @ 1.4845. 1.4900 should be a strong support here, keeping me in the trade for a bit. Very small position size caused by the large s/l.

james16 Chart Thread

what thread do you think you're in? looool.... but yeah I understand your point, but how many times can 1.5000 be tested before a break upwards, given the trend we have been dealt that has been so steady for so long?

james16 Chart Thread

well, nothing has formed on any of my daily charts that would induce any type of trade. However, I have a question about the daily EURUSD. two consecutive matching highs = trend breakout up?

james16 Chart Thread

Thanks for this! I've been looking for this for a long time now lol! It's nice to not have to log onto thinkorswim to get my lines, then go back and draw them manually on MT4!

james16 Chart Thread

orly?

james16 Chart Thread

Can i ask what you use for the pivot lines? is it an EA? I always have to draw mine manually in MT4... it sucks.

james16 Chart Thread

Although 1.58 is a strong area, right now it's in some traffic (see the daily chart I attached), and also take note of the trendline above (in other words, don't expect a runner if you do take the trade)...

james16 Chart Thread

Thanks so much bro!

james16 Chart Thread

I guess this is where we decide if the trend really is our friend or not

james16 Chart Thread

In my mind, this little multi-bar high (highlight in blue) will get broken, and a run up will occur. my real problem with this trade is that it will hit a trouble area very quickly around 135.82. But if I set a buy stop now (around 135.18), and ...

james16 Chart Thread

I noticed this too, 4hr inside bar straddling the 1.5000..... hmmmmmmm

james16 Chart Thread

I think you're still looking at it from the perspective of daily candles. What I'm saying is that if you zoom into H4, or H1 charts, you will see how now it clearly is acting as a support zone.

james16 Chart Thread

I agree with this. I see the pin you're talking about, GDB, but it's kind of in the middle of nowhere as far as ppz/fib levels. I think most of the folks in this thread are treating the 1.6700 as a support to look for price action to make a buy ...

james16 Chart Thread

what I mean is, if I took a long position at the top of the DBLHC, and the momentum stalled at the resistance trendline above, that is something I should see as a roadblock to a runner trade. What I said above to answer your first question, is the ...

james16 Chart Thread