The great thing about these setups is that they even often work out under suboptimal conditions. Like you see on the chart the price did what we would expect it to do: It broke the BEOB to the downside and reached the next PPZ (red rectangle). As ...

james16 Chart Thread

Thank you very much, Mike. I feel like I have to go back to the basics. Watching to many pairs and trying to understand everything at once made me miss some great opportunities and slowed down my learning process.

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Man this is fun: Take a random chart, mark the PPZ and spot price action. Despite of messy market conditions even the not so perfect ones worked out most of the times (still beware!) A very uplifting and valuable practice.

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PB, just one question: What do you mean by 'monthly con' on your charts? Are those the borders of the rectangles you marked the monthly ranges with?

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I surely don't. Have a look at this post: It's a treasure. I printed it out and pinned it on my desk.

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Hello PB, just wanted to stop by and tell you that I'm still on board. I just had to do some business in the past weeks. It's great to see that you are still active and getting pro status here. This motivates me a lot. Wwe hopefully will see soon at ...

james16 Chart Thread

What a great post and analysis. Invaluable for me. Thank you, joelcf.

james16 Chart Thread

Thank you. Yes, I noticed that. The first time it approached this area it missed my TP for just one pip, turned around, stopped me out and fell again. That's part of trading I guess. I remind myself again and again that BE trades are still winners.

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PB, I know so well what you are talking about. Lately it happened that I had to take a week off of trading. Something magical happened when I came back: Many of the things I was struggling with before suddenly fell into place and maked perfect ...

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Hi Jarroo, thanks for you analysis. I totally overlooked that it was rejected just near and not on the 1.25. As with the targets on the same TF of course you're right. I have to write this on my checklist because I tend to forget that. I have moved ...

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That's why I wrote "Assuming this would be a PB..." Should have made this clearer. Thanks for pointing that out. It's the sunday colored bars indicator someone posted on this thread. I've attached it for you. It's pretty useful. That's a very good ...

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Ghous, your charts are invaluable. Thank you very much for this! I've got another question: I'm trying to become familiar with proper bar sizes. Assuming this would be a PB on NZDJPY and apart from location etc., would you consider it big enough to ...

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What do you think of the BEOB on daily EURUSD? Pro: * VBRN @ 1.2500 * Fib Confluence on daily chart * Weekly PPZ * Monthly 150EMA * With the downtrend Contra: * Could be retrace to minor daily TL * Daily bullish divergence * Not so much space I ...

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Hi PB, thanks for pointing that out. I think you mean "...would like to see this PB close below the BRN of 1.4800", don't you? A close just below 1.49 would be above the previous bar high.

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Thank you very much, PB.

james16 Chart Thread

Hi PB, could you point out which part makes the cup and which the handle? Brazil must be great and Germany sure is, too. I spoke to an Iranian guy today: He likes the Germans very much. Though it takes some time for them to unbend. In contrast many ...

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Wow, that's a strong mentality divergence. How come?

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There's not much more to add to the analysis of Jarroo and Mike. One more thing I noticed is that the 1st PB traded right into a monthly PPZ (thick green line/rect on my chart). Another thing I learned in this thread: If price has not yet reached ...

james16 Chart Thread

Technically speaking, yes and no. Remember that it has not closed yet and it can still change its mind. If finished as a BUOB it may be good for some pips since it has not reached 1.2500 yet (BRNs act like a magnet). But there are some lows on the ...

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First of all: Happy birthday to the thread! And thanks to Jim and all the great, helpful traders here on board. Jim said something very enlightening in one of his guest videos: Most traders don't know what it means to trade a system constantly at ...

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