Thanx Mike.

james16 Chart Thread

Hey Mike, What a coincidence I just posted a question about these continuation trades, what makes these trades different compared to the other trades ?

james16 Chart Thread

That BUOB on the kiwi you mentioned is at a swing high, so this would be a continuation play. I'am not familiar with how to trade a BUOB as a continuation trade at a swing high, maybe Jarroo could give us some more info about the in & outs of this ...

james16 Chart Thread

Closed my remaining position on the E-G, price broke a 1H-PB @ RNB 8800, I've banked another 81 pip. Total profit: 95 + 81 = 176 pips If price breaks the previous swing low @ 8750-ish then the short term uptrend breaks and price will probably ...

james16 Chart Thread

Yes I agree, some good and logical points there.

james16 Chart Thread

What is also very important is how the higher TF looks like on the lower TF. For example our daily DBLHC pattern of E-G, after this pattern closes switch to a 1H-TF to see how this pattern looks like on the 1H-TF. You see that price surged up during ...

james16 Chart Thread

Well price has reached RNB @ 8800 again as expected, I've banked some profit in case price reverses. Closed 1/2 of my position for a 95 pip profit, let remaining position open in case price breaks the 8800 and finds support there.

james16 Chart Thread

update E-G — Price behaved exactly as anticipated, pulled back to RNB @ 8700, validated the daily DBLHC and is now heading to RNB @ 8800. The following question is now: is the FTA @ 8800 also the final target of the daily DBLHC ? If price ...

james16 Chart Thread

oil — What a difference with crude oil today on the 15m-TF, oil generated a grizzly type of PB. This PB smashed price more than 100 pips down in the two following bars, that's what I call easy and quick money. Oil found support @ 8400 as ...

james16 Chart Thread

Well finally price has reached FTA, it took E-G about 3 hours to achieve a lousy 15 pip move !

james16 Chart Thread

Well, it all depends on the strenght of that level. For instance if that pullback takes price back to a BRN then I would consider a touch trade, but usually I wait for a bullish/bearish PA @ the lower TF's in the direction of the larger TF PA.

james16 Chart Thread

Price gave me a bullish buy PA, not a standard James PA though, but a so called morning doji star, would have like to see a bigger bullish bar after the indecision bar. But good enough for me to enter with 1/2 of my position, tight stop 20 pips ...

james16 Chart Thread

Forgot to post the chart.....

james16 Chart Thread

update E-G — Well, price pulled back towards RNB @ 8700 as expected, will now be looking for some bullish PA to go long and trying to preempt the break of the daily DBLHC.

james16 Chart Thread

Hey C, I consider this trade as a pullback trade of the higher TF BEOB, my final target for this countertrend trade would be the RNB/PPZ @ 8800, @ 8800 (which is also the 50% fib of the higher TF BEOB) I expect the pullback to be completed and price ...

james16 Chart Thread

Sorry Jarroo, here is a setup on the 1H-TF of E-U, just couldn't resist

james16 Chart Thread

I followed your advice to look for a higher TF setup

james16 Chart Thread

That is exactly why I don't like to enter on a plain break of the BEOB, very often price validates the BEOB by breaking it just slightly and then pulling back to some keylevel before (hopefully) breaking the BEOB again. If you entered at the first ...

james16 Chart Thread

Here's another one, E-U broke out of a triangle via a bullish bar pattern (a not so perfect BUOB). Looking for a buy PA at the pullback towards the crosspoint of the broken down-TL and the BRN @ 14000.

james16 Chart Thread

My catch for tomorrow, daily DBLHC on the E-G, a deeper retrace towards the 8600 would have been better, but you can't have them all. I will look for a buy PA at previous bar high or the RNB @ 8700 those are the keylevels for me.

james16 Chart Thread