Closed my E-G (demo)trade, 1H-BEOB at the previous daily low now acting as resistance. FTA at today's session swinglow. Final target for this daytrade would be for me the floorpivot level S3.

james16 Chart Thread

Very nice trade ! The PPZ on your weekly chart is that the high of previous week ? And your targets are these the high of W34 and the low of W32 ? Where did you place your SL ?

james16 Chart Thread

update E-G — Today E-G finally broke out of the earlier mentioned flag pattern, on the 1H-TF the break and the 1 bar pullback are clearly visible. My reference point for this trade would be the monthly high of august @ 8363 and my entry is off ...

james16 Chart Thread

I agree completely, the dotted blue line on my chart is a higher TF-PPZ. Holy crap did you just notice the high momentum bearish bar on the 1H. I think we just see a false breakout on the 4H-TF.

james16 Chart Thread

Hey Jarroo, here is another break which I was observing. The E-Y also has been coiling up and broke out after the NFP. On the lower TF, the down TL seems to be holding as support now. I'll wait for the 1H-bar to finish for confirmation, I hope to ...

james16 Chart Thread

Thanx Jarroo, E-G took one attempt yesterday which was rejected via a 4H-PB, price pulled back and found support at the RNB 8300, today another attempt. I think we are going to see a breakout soon as price has been making higher highs and higher ...

james16 Chart Thread

That is not about being brave or not, you just made a logical and sensible decision as a smart trader like you would do. image

james16 Chart Thread

Price indeed retraced close to the high of the weekly bar previous to the DBHLC, and BOOOOOM dropped like a rock from thereon. Price has dropped now more than 150 pips during 1 hour ! Price is now pulling back to retest the retracement TL from ...

james16 Chart Thread

G'day Aserfx, If you take a look at the weekly TF, you'll notice a DBHLC (the highs are 9 pips off) at a swing high, double top and a 50 fib level, price broke the low of the DBHLC and is now retracing. I would keep an eye on the high of the bar ...

james16 Chart Thread

Hey Jarroo, Any thoughts about the E-G. Price starts coiling up nicely and has made a higher low on the weekly. I wouldn't be surprised if we see a nice breakout to the upside, I'll be then looking for a break and a pullback as asual. May the force ...

james16 Chart Thread

Thanx Jarroo, I admire your patience and kindness with a newbie like me. image

james16 Chart Thread

Sorry, it's the weekly bar.

james16 Chart Thread

could you please elaborate on the last point, I don't get it. image

james16 Chart Thread

Gruss Gott, Do you remember Daimler ? The PB you mentioned last time wasn't as pretty as the PB of yesterday. image May the force be with you.

james16 Chart Thread

Hey Ace, Been watching the E-G, some nice confluence at the 8335, don't you think so ?

james16 Chart Thread

Lemme give me a nice example of drawing these TL. I've attached the daily TF of the E-U in which I have drawn my latest TL's, I've also marked off the extreme swing highs and lows which are the connection points for our up- and down trendlines, it ...

james16 Chart Thread

Hey Ace, In my opinion if you are looking at a 4H-TF and you want to drawn a TL on this chart then it would be recommended to switch to a higher TF in this case this would be the daily. In order to draw a TL "correctly" you'll need a clear view of ...

james16 Chart Thread

Well mmm, let me give u another example. Lets take a BEOB at a swing high of an uptrend, so in this case the BEOB would give rise to a pullback. If the engulfing bar is large then you would be entering when price has already retraced quite a ...

james16 Chart Thread

Hey Mike, I've a question about outside bars at swing highs/lows. Say you see a nice BEOB at a swing high with a large engulfing bar. Imagine that the size of this engulfing bar would be such that entering onto the break of the low of the BEOB would ...

james16 Chart Thread

update kiwi 1H shorttrade — First position closed at pivot S2 for 29 pip profit, second position stopped out at BE.

james16 Chart Thread