eurusd 1h pb — I'm hitting myself over the head for not taking the 1h pb on the eurusd but I felt there was just too much traffic above it... oh well :/

james16 Chart Thread

Some of you more experienced folks mind looking at my previous post (#29057) and give me your opinions? Thanks

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Then forget the hanging crap! haha...

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Hmmm — 1) This might be obvious, but can I accurately say that DBLHC and the DBHLC can also be referred to as PB's because essential that's what they form on the next higher time frame? 2) We can recognize a PB at a swing high (nose pointing ...

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Dbhlc/dblhc — I'm still learning to how to play these, but what do you guys think of these: 1) EURGBP: The low of the DBLHC is off by 9 pips. 2) GBPCHF: The high of DBHLC is off by 30 pips (too much?), and isn't at a swing high and PPZ.

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Here's where a large account size makes sense!

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MM (2-3% Risk) — It was definitely an eye-opener to me when I placed two orders this past week that risked much more than 2-3% of my account. Unfortunately, both were losers. From what I've read here so far, R:R isn't necessarily as important ...

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As always, thank you!!

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Aha! Like this Right off the 365 EMA too!

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I've been trying to learn how to deal with BEOB's and BUOB's... im assuming one way of trading them is on the 3rd bars retracement? Another could possibly be on the break of the BEOB/BUOB's high/low? For example, on the DBHLC below, I could have ...

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YES!! Thank you!

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Mike, by the break do you mean the 3rd eye needs to close below the PB's high/close or simply penetrate it to consider it broken? Thanks for your patience!

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Ahh! So where I had my buy order I should have had a pending order?

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Bad PB or Bad Analysis? — I took this PB on the USDCHF 1H chart about 30 minutes ago. It was right at nice weekly ppz and had some room to move (my first Take Profit/Break Even point). Was this just one of the unfortunate PB's or was my ...

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Mike, great point! So would you recommend those using IB to consider the daily chart closed at 5:00? That makes sense to me!

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Thanks for that Shermenator! You are right, would have been luck then... not good

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OMG!! — This is too funny... I set up my buy limit, stop loss at the nose, and take profit at the first R level. Headed to the gym... and... I MISSED IT BY A PIP OR TWO! I'm happy my analysis was correct though, although a trailing stop would ...

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As always, thanks for being so attentive!

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Broker Q — I too didn't see the PB on the NZDUSD. I've been demoing with IBFX but apparently they close later than the rest? Do you folks recommend I swich broker? I'm assuming this different close time can affect my daily chart analysis. ...

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THANKS!

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