Exactly, I've posted an example last week about my E-G trade on the 1H-TF especially for you. There I showed how I determined my entry, SL for that particular trade. Usually a max risk of 30 pips is more then enough for these trades on the 1H-TF, ...

james16 Chart Thread

Today I closed my G-A trade which I entered on sunday, I just wanted to recap this trade for some of you guys who have send me some posts asking about my entry, SL, etc.. On the daily G-A price generated a nice with the trend PB at the RNB 16300, ...

james16 Chart Thread

Price has hit my final target @ 16000, I've closed my remaining position for a whooping 296 pips of profit. Although I must say that the rate hike of RBA did help so I quess I was a bit lucky.

james16 Chart Thread

update G-A trade — Due to a rate hike by RBA G-A took out the RNB's @ 16200/16100, price is currently finding resistance @ 16100. I've banked 190 pips on my remaining position and moved my SL towards 16110, if price gets to 16000 I'll also ...

james16 Chart Thread

Wouldn't we all

james16 Chart Thread

update stocktrade AI — Sell order trigger on the 4H-TF, my keylevel was the BRN @ 9500, but price pulled back to the RNB @ 9400 and gave me a beautifull PB. FTA @ RNB 9200

james16 Chart Thread

My buy limit got triggered at FTA @ 16200, 1/2 position closed for a 98 pip profit, let the remaining position go all the way to .....

james16 Chart Thread

I'am also watching this french stock, waiting for a pullback to the 9500.

james16 Chart Thread

Price gapped below RNB @ 16300, triggered a sell at a small pullback to 16300.

james16 Chart Thread

I wanted to discuss a trade I took this afternoon which I didn't manage that good. What I saw was a BEOB on the 1H-TF of E-G: Pros: 1. closed below RNB @ 8700 2. in line with 1H-downtrend 3. engulfing multiple bars 4. off a TL (4th touch) Cons: 1. ...

james16 Chart Thread

The restrictions of a outside bar (BEOB/BUOB) concerns only the H/L range of both bars, the H/L range of the first bar has to fall within the H/L range of the second bar. The double high or double low bars have two additional restriction concerning ...

james16 Chart Thread

Hey C, looking at it in hindsight. After the BEOB price made a BUOB and a PB showing that the low of the BEOB is at the moment a firm short term support. I should have closed my remaining position after the PB for a BE+5, but yeah "should have" ...

james16 Chart Thread

Hey C, no divergence on my chart, if you take a closer look @ MACD, it didn't make two consecutive valid swing lows in order to draw a divergence trendline.

james16 Chart Thread

E-G trade 1H-BEOB — Well stopped out AGAIN on my remaining position, 22 pips on my first 1/2 position though.

james16 Chart Thread

Hey Ghous, on the weekly of E-J price made a PB last week at the RNB @ 11200. Although this PB hasn't been validated yet, isn't your daily trade against this PB ? Wouldn't a better option be to look for bullish PA on the daily at some keylevel and ...

james16 Chart Thread

Usually I look for a pullback entry to some keylevel after the PA pattern closes to get a more optimal entry, in the Ozzie trade though the PB closed only 10 pips above the RNB @ 9700 (which would be my keylevel to watch for) so there isn't much to ...

james16 Chart Thread

Here's one nice reversal example on the Ozzie, here we have a tripple bottom Tweezer or a tripple bar low. Also note the support it gave to the PB, which is one of the reasons to go long

james16 Chart Thread

You're correct about that, a Tweezer is a 2 bar formation where the lows or highs of the 2 bars are the same (or nearly the same). A tweezer pattern could look like a standard harami, bearish engulfing or a piercing line pattern for example. The ...

james16 Chart Thread

Sh*t, stopped out @ BE for my remaining position, just haven't any luck with my remaining positions lately.

james16 Chart Thread