Good work Although this is one trade in many I think for me there is a lesson to be learned and that is to take trades with less ambiguous levels.

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Yup. I'm recording all trades, won, lost and missed so will try not to over analyze too much until I've got history with this setup behind me

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Looking at the H1 on the 3rd yes price has kind of just trended straight through rather than any sort of breakthrough or retest so not very clean. Other than NFP and Rate changes I don't pay much attention to the news. Why do you say crosses are not ...

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Yes on your H1 chart the breakout area is not very clean, I was just going to post a D1 chart to show why I chose the level. Is this what you would call washed?

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Hi cprao, Yes took the trade and stopped out at 1.3282. Looking at the chart after the fact my thoughts are that this is not a rounded retest. Too much time has passed since that level was broken, what do you think? I though the RN 1.33 might help ...

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Price went straight through, not a good level, the approach or it just happens, what do you think? Thanks

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EURAUD — Hi Guys, Wondered how you would approach this level I've been watching on EURAUD. I've posted the H4 chart as you can see the levels clearly but I'm monitoring on the H1. It started to approach quickly but has somewhat slowed down now ...

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Perfect

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Thanks for the reply. I only just read about the SFP so was scanning the charts looking for possibilities to see how they played out. I don't think that was the best example I posted. I will do some back testing and see how it stands up as a setup, ...

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Note sure I'd class that previous low as a swing so passed.

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It seemed to get a reasonable bounce at a couple of those previous highs. I noted down 1.1518 from the H1 but would of been shy 6 pips I think.

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Hi All, New to the thread, some material is familiar some not. Anyone seen the possible SFP on GBPCAD?

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Hi All, On these charts of Jim's where would the stop placement be? Not the full bar that's for sure. Would it be a case of using the confidence that a break of the daily bar will take us to the FTA and trading it on a smaller TF with a fixed stop ...

james16 Chart Thread

Do you know about Micro FX accounts? $0.10 a pip... you should be able to trade daily with full bar stops on the smallest of accounts

james16 Chart Thread

Yes I would agree with that. Every one here is at different levels of experience so you may get some taking counter trend trades. In the case of the USDCHF though with such a big move up from the recent low I think I'd struggle to take a trade ...

james16 Chart Thread

No PA trigger on the H4 for 23:00GMT will check the 07:00 in the morning. A PB up to 1.63 would be nice

james16 Chart Thread

CHF Intervention — Hi Guys, So is the current move up on CHF against the USD and EUR because of an intervention? If so do you think it will be reversed as quickly as the BoJ intervention?

james16 Chart Thread

GBPUSD — Hi All, I quite like the current setup on GBPUSD. On the chart the two horizontals around 1.625 are HCR and LCS and have been well respected. Price has recently broken through and closed below now testing it from below. You can also ...

james16 Chart Thread

My rationale for not taking any of the big bars on a lot of the charts was that the move has already happened. Yes technically it might be a BEOB or PB but the price reacted at a level then completed the move in the same bar. I considered taking ...

james16 Chart Thread

USDCAD at Parity — Damn missed it by 3 pips, ah well Had a sell limit to touch trade USDCAD at parity last night, woke up this morning to see a 50 pip retrace but missed my entry by 3 pips. Still, happy to see the trade work out as expected ...

james16 Chart Thread