Thanks Matt!

james16 Chart Thread

EURCAD Fail — I'm trying to figure out why the EURCAD 4H PB failed. Fortunately I had my sell order under the round number and it never triggered, but here's what I saw on the 4H chart: 1) diverge on the rsi 2) fib confuence 3) nice looking ...

james16 Chart Thread

That's right! I forgot all about T-giving, lol!

james16 Chart Thread

Thanks Mike, for your prompt and thoughtful response! Although I feel I'm too conservatives with my trades as I move to BE very quickly, i'd rather make 0 pips then have it go against me.

james16 Chart Thread

GBPUSD — GBPUSD BEOB on the weekly at resistance. Dropped down to the H4 and saw a decent PB. Although the nose wasn't that long, it closed above a round number, and there was some traffic, there was also great confluence! 38 fib, diverge, ...

james16 Chart Thread

Mike, So had the nose been longer and the bar closed above the previous bar my analysis of the confluence factors would be more persuasive? if this goes 10 pips more against me, I'm closing. As always, thank you in advance!

james16 Chart Thread

GBPCHF — At PPZ (and round number), divergence, similar to the previous successful PB's, 365 EMA as support; Only thing I don't like is that it's a DBHLC right now, but it's right at support and heavy traffic...

james16 Chart Thread

No no, these are all over 18, and she's not doing anyytthhingg!!

james16 Chart Thread

image So do I short this, or go long!?

james16 Chart Thread

Touch Trade — James, I haven't done much "touch trading" but based on what I see on the Daily, it seems that the 1.700 area would be idea for a short. What do you think? Of course, anyone is welcome to respond!

james16 Chart Thread

Ditto

james16 Chart Thread

And for the RSI, it's 6, right guys?

james16 Chart Thread

Ditto that! lol

james16 Chart Thread

Aha! This is what you mean eh?

james16 Chart Thread

Divergence 101 — I've never looked at divergence before and just wanted to make sure this is what is meant by it. And no, I'm not placing any orders in of course! lol

james16 Chart Thread

Goes to show you I have to be even pickier! Thanks Mike!

james16 Chart Thread

I'm with you!

james16 Chart Thread

Pair Relationship — Maybe this is a question with an obvious answer but... When you guys have an open order, for example, a sell order on the NZD/USD and then see a pinbar on the 4H USD/CAD chart, do you still place your pending short under ...

james16 Chart Thread

Same with that damn NZD/USD! Hahah.. if it breaks the current traffic area we'll be on our way to closing that gap!

james16 Chart Thread

If they were 8 lots each you're doing pretty good on your 3 pip profit! haha

james16 Chart Thread