Updated chart. Personally I wouldnt of taken this setup as the pattern wasnt fully formed according to my criteria which, but price reacted as expected. image image Cheers Dan

james16 Chart Thread

Hi Mike, just wanted your opinion on this potential pattern that may be forming. How do you play patterns where there is a BRN just above/below the trendline like this one. If this pattern was to form which would be more important in your opinion ...

james16 Chart Thread

yup . I do this quite often now.

james16 Chart Thread

You cant have a trendline without 3 touches. but you can have a potential trendline with just two touches. If price reacts to that line for a third time then I know its a valid trendline.

james16 Chart Thread

No need to be sorry mate The way I look for trendlines could be considered wrong to others. I just open a chart and if I can see a level/trendline within a second or two then I consider that a valid level. If the level is so obvious that i can ...

james16 Chart Thread

I didnt take the pinbar although it did look good, I didnt even notice it at the time, was so concentrated on the breakout play. Anyway price broke the highs and now I dont really consider this a box anymore. Updated chart image

james16 Chart Thread

??? How do YOU draw a trendline that is 100% accurate.. is that even possible ... Trendlines are draw in many different ways, some people draw then connecting obvious swing points, some use minor highs and lows in individual bars, some must have a ...

james16 Chart Thread

Updated chart ... Looks like it will reach the top of the box ... persoanlly I would like it to drop from the top to the bottom of the box for a breakout play to the downside image

james16 Chart Thread

yup the midpoint I was actually going to draw that line on in the first attatchment but i couldnt get a 'clean' enough midpoint line .. so left it out here is an updated chart of where price went image

james16 Chart Thread

Hey Mike, I hadnt even seen that pinbar ive been so focused on breakouts. Ermm, I would say that price is likley to go to the marked areas on the chart. Previous bar lows and a small flip a little higher up ?? image Cheers Dan

james16 Chart Thread

Hey Mike, just wanted to get your opinion on the chart below. I rarely find decent looking box breakouts but this one was pretty obvious when I scanned the charts. What I do now is scan through each chart and just look for no more then a few ...

james16 Chart Thread

I didnt see the pattern myself as this pair isnt on my watchlist but the chart explains why i wouldnt of taken this 'pattern' image

james16 Chart Thread

Cheers mate. On another note, i was browsing through my old posts just for fun and one thing i noticed is that i seem to ask you and other members for confirmation on patterns/setups that I have found myself. Its like I constantly need reassurance ...

james16 Chart Thread

Cheers mate, always interesting reading your view on the charts So when you draw patterns do you usually like both upper and lower trendlines to start off at the same place / close together ? Cheers Dan

james16 Chart Thread

Chart im currently watching. Mike (as usual ) whats your opinion on this chart. Do you/ How do you trade a potential breakout to the upside that is trading down into a BRN like this one ? image edit: just looking at that chart again, how would ...

james16 Chart Thread

correct ... many different ways to trail a stop. My personal favourites are dependant on whether or not im at the charts. If im at the charts a simple trendline is the best way to manually trail my stop (based on my method of trading) If im away ...

james16 Chart Thread

Hey Pinbar, been reading your posts for a while since I started reading this thread. I cant remeber seeing you over on the PF ? Anyway just wondering how the trading is going now, are you trading profitably now and found a method that suits you, i ...

james16 Chart Thread

This was a problem that i had when starting off. I just wasnt being picky enough. I decided to start trading using a method tha forced me to wait and wait for an A+ setup. Now I usually get around 2-3 trades per MONTH - and thats on the H1 charts ...

james16 Chart Thread

Hi Swede, for me personally the pattern on the W is a little small. Also the overall trend is down on that TF .. generally you want to look BO with the trend. Also a break to the upside would mean a break of acending trendline rather then a ...

james16 Chart Thread

Price moved as expected Dan

james16 Chart Thread