The highs only differ 0.6 pip so if you insist putting a label on this pattern then the label DBHLC would be more suitable. What is more important is the PA and not the label in this case, what I wanted to emphasize was the break of those clearly ...

james16 Chart Thread

A nice clasic breakout trade which Mike would love to see. On the 1H-TF G-U you'll notice multiple touches at the 15450 level, price broke out via a big BEOB. If you missed this break you got a second chance 3 hours later when price retested the ...

james16 Chart Thread

The kiwi generated a rejection bar off the 7000 VBRN, time to go short along with the downtrend. The ADR of the kiwi is about 100 pips, price already moved 70 pips today, so we could grabe some pips. May the force be with you.

james16 Chart Thread

A nicely sized countertrend BUOB at a swinglow of the 1H-TF of the E-U. FTA would be at the 1H-PPZ at 12690-ish. Notice also the nice confluence with the floor pivotpoints S1 and Piv.

james16 Chart Thread

In both trades where was your FTA positioned ?

james16 Chart Thread

If price retraces before breaking the PB high and you would then be planning to enter a trade when price retraces to a certain level, then in fact you do not wait for the confirmation of the PB. So chances are that price will not confirm the PA at ...

james16 Chart Thread

Where was your FTA positioned, at the 10800 perhaps ?

james16 Chart Thread

Hey PB, I've asked some posts ago a question to one of the senior members about drawing these PPZ's after I saw a PA-pattern and not before a PA would pop up. His reply was this method would be vunerable to curve fitting. That is, identifying the ...

james16 Chart Thread

Yeah I think so, it all boils down to ones own preferances and what works the best for you, thanx. May the force be with you. image

james16 Chart Thread

So you don't take the daily PPZ at the RNB 8600-ish into consideration as a possible FTA ? This really confuses me, say if price would stall at a daily PPZ/FTA how could it then even reach a FTA on the weekly ? Wouldn't it be more logical to manage ...

james16 Chart Thread

Hey ad, I seem to have the same problem. For instance if I see a valid PA on the daily, I like to switch to a lower TF (ie. 1H TF) to optimize my entry as I explained earlier. But when I switch to a lower TF I seem to see much more PPZ's, which I ...

james16 Chart Thread

Thanx Mike for your reply. I've another question. If you take a trade off the daily chart for instance, do you then take the PPZ's on the lower TF, for example a PPZ on the 4H-TF, in consideration or do you just ignore these lower TF PPZ's and only ...

james16 Chart Thread

Hey mike, I've a been a member of this wonderfull thread for a couple of weeks now and I've improved my trading significantly, but I still have a few loose ends. First question is about the FTA, is it correct to say that most of the time the FTA is ...

james16 Chart Thread

Hey you speak dutch, sehr schon. Gruss Gott. image

james16 Chart Thread

Very nice charts, just great to see that this James trading technique also applies to other equities like indices and stocks. Very nice once again. image May the force be with you.

james16 Chart Thread

Ozzie long trade — This afternoon I took a live trade on the Ozzie, I wanted to trade a 1H-BEOB. As you all have seen I forgot all about the speech of big mouth Bernankee and his speech screw up my trade. If it hadn't been for big mouth my ...

james16 Chart Thread

So I was right afterall, LOL, @#!!*& image

james16 Chart Thread

Yes I know, was to busy observing the chart that I forgot all about the fact that Bernanke was helding a speech at 14:00 GMT (I entered at 14:12 GMT) which apparently was good news for the greenback. The funny thing is I always take a look at the ...

james16 Chart Thread

Stopped out on the Ozzie for -4.5 euro, so it would have been better to wait for price to breach the BEOB. image

james16 Chart Thread

Just entered long on a livetrade of the Ozzie on the 15m-TF. Although the 1H-BEOB has not been breached, I quess the 8900 will hold as support and I try to pre-empt the break.

james16 Chart Thread