1H-BUOB on the Ozzie, closed above PPZ/RNB 8900, hope that 8900 now will act as support. Maybe the FTA at the 8920-ish is to close to entry point ?

james16 Chart Thread

Hey Jarroo, Thanx for taking the trouble for answering my question. Maybe you misread my message, I explained that I wanted to manage this trade on the 1H-TF and not on the 4H-TF, because by the time a PA on the 4H-TF has finished ones SL would have ...

james16 Chart Thread

Hey guys I see at the moment two consecutive opposite PB's on the daily TF of the E-C, the A-U, the N-U and the G-C. If the current daily bars indeed close like a PB then this would be a nice oppertunity to apply the KISS-method to trade these ...

james16 Chart Thread

USD/CAD daily PB-trade — Price finally touched FTA at the previous bar high, pfff it took so long. image

james16 Chart Thread

Oh yes I see. Well I do not use a 4H-TF to manage a trade on the daily TF, because by the time an PA confirmation on the 4H-TF has completed, usually your stop has been hit already. On a 1H-TF, waiting for a PA confirmation could mean closing your ...

james16 Chart Thread

Sorry I don't understand, which PB do you mean? Those 3 PB's in the 4H-TF at support or the one 8H-PB by combining two 4H-bars ?

james16 Chart Thread

I forgot to mention that the BEOB on the 1H-TF also ran into the 150 EMA image

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The attachements of the G-C daily PB-trade

james16 Chart Thread

Ps. I'll send the attachements later, the server of forexfactory is at the moment overloaded. image

james16 Chart Thread

PB trade GBP-CHF — Good afternoon Jarroo, Mike, I want to analyse the daily PB trade of the G-C today mentioned by some of the members today and share some thoughts of me with you. This PB was at solid support at 15850-ish, its shape was small ...

james16 Chart Thread

Hey Jarroo, Does this mean that for instance if you have a valid lower TF PA setup which would be moving counterwards against another valid higher TF PA setup which has not reach its FTA yet, it would sensible not to trade the lower TF PA setup ...

james16 Chart Thread

He who asks a question is only a fool for five minutes he who does not ask a question remains a fool forever. May the force be with you image

james16 Chart Thread

Quess where I've learned this stuff, LOL. May the force be with you, image

james16 Chart Thread

GBP-CHF — Reasonable PB on the 4H of the G-C, location is at an solid support base at the 15850, FTA RNB 15950. But looking at the previous enormous downtrend, would this be a typical "trying to catch a falling knife" type of trade ? Or could ...

james16 Chart Thread

I've a question about trademanagement, if you take a trade on a certain TF, lets say a 4H-TF, would you then be managing this trade on a lower TF, for instance on the 1H-TF or even on a 15m-TF ? I like to look for S/R flips of levels of interest ...

james16 Chart Thread

I couldn't agree more image

james16 Chart Thread

Wouldn't the ideal situation be a break first and then a retracement performed by the same bar, in that case we could enter at a much better price, knowing in advance that the PB has been validated ?

james16 Chart Thread

On the 1H-TF price generated a (small) PB off the all time low at 10730-ish, you could take this PB trade for a short ride towards the FTA at the 10700 and manage your trade accordingly when price gets there.

james16 Chart Thread

Hey Aserb, Trading this PB would mean you would be trading against the all time low at the 13.073, price is likely to get stalled there. May the force be with you.

james16 Chart Thread

Well said image

james16 Chart Thread