update E-G trade — Well E-G cracked the important 8450 and received support as seen via another 4H-BUOB @ that level, next obstacle would be the BRN/PPZ/61.8fib @ 8500. I've moved my stop of my remaining position to just below the 8450 and ...

james16 Chart Thread

SC, PB, thanx for your very kind remarks, I'am really flattered, but I'am not the only one who has taken the James method like a duck to water, hey Pinbar May the force be with you.

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If after the close of the higher TF PA, price breaks/validates that higher TF PA, I do not enter right after that break but wait for possible pullback and then look for PA on the lower TF to enter in the direction of the higher TF PA, hope this ...

james16 Chart Thread

My SL is @ the other end of the lower TF PA plus the spread of that particular currency pair, so this might be quite tight compared to a SL at the other end of the higher TF PA. Sometimes to tight as you could've seen yesterday in my N-J trade, but ...

james16 Chart Thread

nice one As, will keep an eye on that one May the force be with you

james16 Chart Thread

Bingo, you don't want to be trading against the higher-TF PA. As I told before my style is that I never trade a clear break of the higher TF PA. My objective is to find the most optimal entry point, optimal in the sense of minimizing intial drawdown ...

james16 Chart Thread

Come on TJ don't say that, you make me To be honest some of Jarroo's posts and the video's of James made me see the light some time ago. When I joined this wonderfull thread in august, I was really struggling to fit all the pieces ...

james16 Chart Thread

I've zoomed in a bit on the 1H-TF for clearity. Because this is a daily setup, I prefer to look for PA on a 1H-TF, using the 4H-TF is somewhat to large so you could miss some smaller movements, the 15m-TF is too noisy for a daily setup. Do you ...

james16 Chart Thread

Update E-G trade — My remaining position of E-G is going into the right direction now, that newsbar nearly stopped me out due to Trichet's speech, looks like E-G has cracked the 8450.......

james16 Chart Thread

Sorry forgot to post my chart for clearity

james16 Chart Thread

I'am trying to imagine how that would look like .......

james16 Chart Thread

I had my FTA @ 6350-ish, price came in close range at 6350 just before the speach of Trichet, the high of that BUOB was @ 6325. So the FTA was quite nearby, in that case it wouldn't be sensible to take a clear break entry, if you wanted to trade ...

james16 Chart Thread

Yep, I used to start trading on a laptop then switced to a quadcore desktop with two 20+ inch LCD screens ...... what a difference that makes

james16 Chart Thread

Whooh, looks like you caught a runner, pair already broke the RNB @ 13300 and has dropped more than 100 pips

james16 Chart Thread

Nice one ATC, also confluence with 50% retracement on the higher TF.

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Also right off the 150 SMA and the low of the weekly BEOB, FTA @ 13150

james16 Chart Thread

Hey Jarroo, how about this 4H-BUOB @ 8400 of E-G ? Entry on a pullback, a nice BUOB on the 10m-TF at previous bar low was my buy trigger. Closed 1/2 position at the important PPZ @ 8450, lets see if she is able to crack the 8450 ......

james16 Chart Thread

Hey J that's not fair, I wanted to post that one

james16 Chart Thread

I'am putting my money on the N-J, price found solid support as anticipated. On the 1H-TF we see multiple support confluences. If price closes on the daily as a BUOB (or DBLHC) I'll be looking for a long via a pullback entry as usual ......

james16 Chart Thread

Well that must be a very very long vacation

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