Thanks for your help. But now I'm even more confused. It brings me back to this trade I was also considering. I know it's a BEOB not a PB. But apart from that, trend looks even weaker than on Ghous' trade. And with all that consolidation and some ...

james16 Chart Thread

As I said in my preceding post spotting relevant trends for J16 trading is giving me a bit of a headache. Here is an example I found somehow challenging: monthly, weekly and daily EURJPY. Going through it step by step made it much clearer, still I ...

james16 Chart Thread

Hello Ghous, I confess I'm a little bit confused about you pointing this out. Since spotting relevant trends for J16 trading is giving me a headache lately I wondered why you considered it in spite of the long uptrend on the daily. Is it just that ...

james16 Chart Thread

I followed Jackos trading for over a year. He looks at longer term trends mostly on higher TF. I meditated the whole day about how to shift perspective to make it fit for J16 style trading. That very much clears it up. Thank you. These ...

james16 Chart Thread

I see. That's something I still have to learn: bear in mind all the traders, not just the ones that act like me. LOL.

james16 Chart Thread

Do you mean a Pyrrhic victory? LOL. Very nice explanation, Nasir. Thank you. Do you pay any attention to former triangle lines and TL like the ones on my chart? Aren't those places where many sellers may come in?

james16 Chart Thread

Hi Anthony, thanks for your help. You're right: EURCAD is up. I was to impressed by the overall downtrend on monthly and - depending on zoom factor - weekly. I judged a daily trade by what I saw on weekly and monthly and I totally ignored the fact ...

james16 Chart Thread

I think we agree on this. Thanks for your answer.

james16 Chart Thread

No wait, I see a downtrend on the weekly and a short term uptrend on daily.

james16 Chart Thread

An uptrend?! Do you take any CT like these? Say, with more confluence (e.g. BRN, divergence, etc.)? Or would it also have to be a much bigger bar to consider it?

james16 Chart Thread

I also thought about demoing this one. I think it's not an A trade: not the biggest bar (but engulfing three), no BRN and it is trading into the 365EMA on the daily and some PPZ. But the Fib confluence and the fact that it closed under the last high ...

james16 Chart Thread

I use this one and find it pretty handy: url Thank you, Jarroo! Actually with your willingness to learn and your dedication you're a role model and motivation for me and for many other traders here too, I guess. It is great to hear from you guys ...

james16 Chart Thread

You're right. After our little exercise session on sunday I've been also thinking about using lines. They have to be more well-considered. On the other hand with the lines I often miss some outstanding tops and bottoms. I will test both. Same for ...

james16 Chart Thread

Yes, I've got that PPZ on my chart, too. Furthermore price hasn't reached the BRN yet (0.9000) which often acts like a magnet. Another thing on my radar is the fact that price trades right into my triangle support line. Not sure how much of a sign ...

james16 Chart Thread

Thanks for your answer, xmzhang. If I got you right on this post, in your opinion it would not make sense to look at divergence as long as the PB isn't a valid low as confirmed by the next bar closing higher. But it wouldn't make sense to me to look ...

james16 Chart Thread

Hi Edonya, what pair is it? EDIT: Ah I see, it's EU. Maybe a little bit small and trading right into 1.4000. What do you think?

james16 Chart Thread

Hi xmzhang, wouldn't it be reasonable to look at the preceding divergence (see chart)? Or is divergence taken out by the price plunging down again? Thanks for your help.

james16 Chart Thread

Thank you, sir. It's an honor to hear that from you. Just by reading PBs posts and witnessing the admirable progress he makes I would have guessed he's in his 20s or 30s. It must be trading that keeps him young.

james16 Chart Thread

video Happy birthday, PB. I wish you all the best for your life and your trading career. May life give to you what a great, committed guy like you deserves: lots of love, friends and family and a shit load of forex trading money! Have a great ...

james16 Chart Thread

I'm pretty sure most if not all of the advanced traders here do diffentiate reversal and retrace situations. But there's more to it. After reading here for a while I think it mostly breaks down to FTA (first trouble areas) and individual style, ...

james16 Chart Thread