As posted yesterday, it closed as a PB on a 365 EMA and off a BRN 0.7700. image

james16 Chart Thread

Guys, just to check - what EMAs do you use? I understand most use 365 and 150 EMA which is what i am using right now.

james16 Chart Thread

Looks like there are alot of major rejection off the lows/highs forming PB, we'll see how it closes. image image image Personally prefer NZDUSD as its a bounce off the 365 EMA although the bar is shorter than the bearish bars previously. ...

james16 Chart Thread

I get it.. just didn't want to risk losing all those pips due to the hope of getting even more pips eh? I get that a certain point in every successful trade and then regret as it keeps going in my direction a few days after.

james16 Chart Thread

But the rumour is in the direction of your trade isn't it? Why not put a protective stop to your profits instead of closing your longs immediately?

james16 Chart Thread

There is a nice BEOB..but there also seems to have a bearish divergence. image higher price high, and lower stoch peaks..

james16 Chart Thread

Hi, Im not comfortable playing retracements too. But just for understanding, the red line in the picture would be a good place to short if you're into retracements won't it? there is a resistance to the left bar and price did bounce around that ...

james16 Chart Thread

He did say you can enter on retracement if you're game enough.

james16 Chart Thread

Looks like this is one of the rare times a PB fails. Hope no one entered on the retrace. image

james16 Chart Thread

Looks like we have a BUOB forming on USDCAD on daily with little in the way until 0.9925. However, it doesn't seem to have any confluence or divergence other than a nice bar setup. image

james16 Chart Thread

Well, it did bounce off a previously tested PPZ at 1.2700 and the 365 EMA. image

james16 Chart Thread

USDSGD looks good if it closes below 365 EMA. Bounced off 1.2700. image

james16 Chart Thread

As long as the high and lows engulf the bar right? we don't care about the close/open.

james16 Chart Thread

oops, okay.

james16 Chart Thread

Bullish/bearish outside vertical bar. Am I using the terminology correct?

james16 Chart Thread

We have a BOVB on GBPCAD going through 1.5500. However if we take it at a break of the bullish candle the FTA would be at 1.5600. If it breaches it then most likely it'll go near to 1.5700 image

james16 Chart Thread

So basically we are looking for obvious and strong s/r zones (PPZ) to wait for PA setups and target levels. Levels that have been tested and bounced off for several times over the days/weeks before, instead of the "smaller" s/r areas every grid ...

james16 Chart Thread

Your D1 demand and BUFL at 0.9420?

james16 Chart Thread

Sorry, but what is BEFL, BUFI and D1 demand?

james16 Chart Thread

We seem to have a weekly BOVB and bearish divergence. Looks like a good trade targeting the previous low. image There seem very little support along way except at maybe the .9700 level.

james16 Chart Thread