True, support lies in the 13170-13200 zone, but it al depends on ones trading objective/intention. As this is a countertrend trade, my objective is to take a quick profit at the mentioned support zone, I need some pocket money I already closed 1/2 ...

james16 Chart Thread

Guppy trade — Just sold the Guppy, entry off the 5m-TF via a PB @ previous 4H-bar low ....... Also looking to sell the U-J, still waiting for some bearish PA on the lower TF .......

james16 Chart Thread

G-U — My view on the G-U is somewhat bearish for the moment. The resistance zone for the moment is build up of the weekly PPZ @ 15840-ish, 61.8 fib @ 15860. For the bearish scenario to continue this resistance zone should hold. Price did ...

james16 Chart Thread

Yes, I tried to enter for a possible break of a weekly PB at a discount price, 1H-TF gave me my buytrigger via a nice 1H-PB @ 13200 which is also the lefteye of that weekly PB.

james16 Chart Thread

Price stopped me out on my remaining position, moved my stop just below the 13300 unfortunately price took me out on its way back down. Well anyway managed to score some juice pips.

james16 Chart Thread

Hey LJ, love your thread, stumbled into your thread via the James thread and I must say I like it Hope if you don't mind a newbie like me posting some charts here once in a while. About your Ozzie trade, I got in on the 4H-TF via a 4H-BEOB, ...

My path to financial freedom

I'am already long off a 1H-PB @ 13200. FTA @ 13250 minor PPZ, target would be the high of that weekly PB, we also have to deal with the 13300. SL a few pips below the 1H-PB @ 13175.

james16 Chart Thread

Hey big guy, Zhang speaking here, about your Ozzie trade I got in on the 4H-TF.......guess from who I've learned that ....... Thanx ! May the force be with you

james16 Chart Thread

You're right about that weekly BEOB, I was interested in that one but I didn't pull the trigger mainly because I didn't see a clear PA at a pullback to either previous weekly bar low or the RNB @ 8300. Eventually this BEOB got validated but bumped ...

james16 Chart Thread

Happy birthday Mike, wish you lots of pips. May the force be with you,

james16 Chart Thread

With IG I spreadbet, I also have an account with a regular forex broker.

james16 Chart Thread

Hey PB, I understand your question. The previous bar low of that BEOB would be quite logical from a [support--price breaks through--revisit support now reistance] point of view. But only if price doesn't encounter a stronger resistance pricelevel ...

james16 Chart Thread

Why was that ? I use their charts mainly for my analysis and sometimes for a live trade, most of my trades I take with Dukascopy because of their tight spreads, but their charting software sucks compared to IG-index. Nowadays IG provides the trader ...

james16 Chart Thread

It's IG-index, the UK branch.

james16 Chart Thread

E-U trade — John lemme explain in more detail my entry. First of all notice how the weekly bar closed last week at friday on the 1H-TF.......yes, like a 1H-PB, some may say it's just a friday bar and maybe some profittaking, but for me this PB ...

james16 Chart Thread

E-U — My view on the E-U is at the moment still bearish, lemme explain: last week the weekly BEOB in november hit it's target @ 12970-ish and has been pulling back since last week. Important level last week was the 13450 (just above the high ...

james16 Chart Thread

Hey Dave, let me take a daily setup as a example. After the close of that daily setup price may perform in general 3 actions afterwards: 1. It may break/validate the daily PA hard and then takes off 2. It may break/validate the daily PA just ...

james16 Chart Thread

It's not about reliable or not, it's just a minimum requirement. Darn it, I shouldn't even have mentioned it in hindsight it's much more complex than I told you in my post, I only start to confuse people with my technical humbug. Just forget it PB, ...

james16 Chart Thread

Hey PB, let me tell you in detail how I view the trading problem. My view is tighlty related to my background as a system engineer., so it's from a different perspective than most of you guys I think. I see the whole forexmarket as one black box, ...

james16 Chart Thread

Hey PB what's up my friend. I don't think I'am much further ahead than yourself, it's very important to have a well defined plan and stick to that plan, it's like a simple computerprogram constructed out of several statements of the form : IF .... ...

james16 Chart Thread