Looks excellent Cyrus, thanks for sharing. I've started reading already!

james16 Chart Thread

traffic — mihazupan1, traffic is what you typically find in front (to the left) of a move / trade. Its classified by a lot of spikey bars clustered together like a consolidation pattern. Its an area that may slow down or even reverse your ...

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gbp/chf — jdl If you zoom out to the weekly price has been moving sideways and the 15850 (the level price is potentially poised to move away from) has been solid support for some time, so you could actually look at it as a low swing point ...

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AUD/CAD — cvcamper, I've also been following the AUD/CAD as I took the PB from 9150 down to 8800, then we go that weekly PB and everything reversed. I've been waiting for this retracement / pullback. Not sure about the FIB levels though as the ...

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stake calc spreadsheet — This spreadsheet might be useful Adilius07.

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thanks — thanks supremeChaos I'm just following in the footsteps of the rest of you to try and help put across a point of view which might help somebody understand how to make this stuff work for them. Its just like trading, its ...

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entering trades — Hello fxeturn, Levels are where a trader would expect something is likely to happen as levels form where price has reacted previously. However a trader using Price Action methods such as those in this thread would not enter ...

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watching for now — Agree with supremeChaos on this one. Those small PB's look like a sideways move at the moment as price consolidates / takes a breather, however one could form a BEOB or something similar. We wait and watch....hopefully for a ...

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Sure Adilius07, for simplicity stick to one time frame. Again it depends on how long you have been trading and what you are comfortable with. Smaller PIP values would be a simpler option indeed.

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Hello Adilius07, What you risk per trade is what you are personally comfortable with and what delivers you the results you want based on your own performance. If you are new then keep your risk low until you are confident about your trades and can ...

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good reminder — eswap0 this principal is never redundant. In my book capital preservation IS the NO1 rule and our jobs is to minimise the risk and maximise the opportunity. Charts and price action are like maps or chart to the the best waters ...

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usdchf — Hi adam777 Interesting, nice H1 pin off the 10500 (PPZ), 50% FIB, and Supp TL and yes H4 could also be a PB once its formed. My only concern is that the 10550 level has been acting as some heavy resistance lately and price has failed ...

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EUR/AUD - the conservative play — Well, if I had been at my desk here is what my conservative play may have looked like for the EUR/AUD pair. First we did get a second bearish signal on the H4 time frame, in fact there was an earlier signal on ...

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USD/CAD — Hi syd, DBH (double bar high) and DBL (double bar low) are used as continuation signals not reversal signals. And yes in this case it does show resistance. You would normally look to take the break of the LOW's or HIGH's but its too ...

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Hello Donkey, EURAUD is interesting.... Daily and Weekly show a possible triangulation consolidation, which could mean a trend reversal or a continuation of the down trend. I see the BEOB on the H4 but its against the current uptrend so I would like ...

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nice attitude — That's the spirit tubguy, realising the mistake and moving on. Its easy to get locked into a move and forget to do the checks. I place a hood over my terminal while I'm waiting (I set audible alarms to tell me when to check ...

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Hey tubguy, Ouch! That BEOB forms right on top of a PPZ @ the 8650 (and away from the original pullback) which has flipped price many times and price had already bounced off it 2 times today so it had become support for the day effectively. Its ...

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EUR/GBP 4h outside bar — Hello PrincoPrinco, The bar is certainly a good one, however its not in an ideal place for me. PB, BU/BE OB and DB H/L L/H C I want to see at swing highs and lows. i.e. if that bar formed off the 8400 level (pull back) ...

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Adilius07 They are very similar. The second two bar (railway track / tram line) is actually a fully formed PB on my feed while the other (the first) is a two bar as you have it.

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Rustam That PB is preceeded by some very strong bowling price action (shaped like bottom of bowl) which is a pretty strong reversal signal so the PB would have been against the trend of that move and likely to find contention.

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