To qualify as a BUOB doesent it need to totally engulf the previous bar ie it doesnt go low enough? Also does the 100% fib need to go slightly lower dont know how relevant the traffic before Dec is either...

james16 Chart Thread

thanks for the comments g_j_hook and jarroo, I appreciate it!

james16 Chart Thread

please help lol. 3rd demo trade and the second time its happened. in profit, hit at BE now watching it fall without me. sell order was 1.01290 looking to hit blue rectangle. maybe i should have moved it just above BE

james16 Chart Thread

whats your plan at the FTA?

james16 Chart Thread

thanks jarroo. Is it very risky to assume that without looking at other feeds, i sort of justified it (hoped it, willed it) to be, i mean what would be the worst case

james16 Chart Thread

usdcad — usdcad looking good? sell order hit at 1.01290 heading for FTA on a 38 fib. didnt hink demoing would be so much fun

james16 Chart Thread

need to read about these pbs by proxy. everything looked great except the open of the pb but isnt it just because of broker hours, so why is it that relevant?

james16 Chart Thread

so it doesnt matter then - it put me off as I read that the open and close of a pb has to be within the previous bar

james16 Chart Thread

on my feed the open of the pb is below the low of the previous bar. Does this affect the setup?

james16 Chart Thread

wanted to trade the aud/usd but wasnt sure about the gap. can i take it as a pin or is it risky? thx

james16 Chart Thread

usa/cad — thinking of a sell stop at 1.0130 looking to go to support around 1.0080 (also 38%)

james16 Chart Thread

what about the high in march to the low in april 2010 then its 50%?

james16 Chart Thread

dont know if its relevant but that zone is bang on 38 fib ret from feb07 high to nov 07 low

james16 Chart Thread

looks good. lots of support/ resistance on the daily from late 2007 to july 2008

james16 Chart Thread

yeah now plotting support lines, doesnt look good, thought a sell order just below 1.0600 might do it but still looks like alot of support not far from that

james16 Chart Thread

lookin at that too. Also thinkin (hoping) there might be a PB forming on the daily. Also head and shoulders on the 4hr. Im not ready to trade 4hr but hopin for the daily. But selling IF a daily PB forms is heading into quick support?

james16 Chart Thread

Ok. I thought another way to play PBs was on the bar after the close of the 2nd eye? Just realised it should be 2nd eye not 3rd. confusing with 3rd bar. too much wine

james16 Chart Thread

isnt the PB with the red arrow above it a bearish PB? the high of the bar (to the right of the nose) is lower than the high of the bar (to the left of the nose)

james16 Chart Thread

usdchf weekly PB? — this PB any good? upper blue rectangle is daily support, can i ignore this on the weekly? lower rectangle is weekly PPZ (i think) Why i like: 1) huge downtrend 2) 2nd eye high lower than 1st eye high Why i dislike: 1) ...

james16 Chart Thread

Makes alot of sense and cleared some things up for me. Dont think I will be trading bars outside of what James teaches for a long time (only just made my second demo trade). When reading through the beginnings of the thread I wanted to know why he ...

james16 Chart Thread