Thanks Mike. The eurusd has a very similar setup at the moment - A good rally and trend up in price, now at resistance with a BEOB followed by a PB.

james16 Chart Thread

Bad Trade — Hi Guys, Here is a trade I took yesterday on the CADCHF where I was obviously itching to give my money away! This was a bad trade for a whole host of reasons that I blatantly missed because I was skimming through charts and it was ...

james16 Chart Thread

My concern would be that the BUOB has not yet significantly cleared the range price is currently in. Just my 2c

james16 Chart Thread

Which one, there's no image or link? Edit: Sorry my bad not used this BB

james16 Chart Thread

USDCHF H4 breakout — Hi Guys, I took a breakout trade on usdchf with an order just beneath the lows. The weekly chart looks like it's made a clean swing high and is now breaking down out of a consolidation range. The H4 chart had 4 bars all ...

james16 Chart Thread

USDJPY Weekly contraction — The weekly usdjpy is showing price contracting into a triangle. There a lot of inside bars so this could generate a nice move in price (or not). I have a bias to the upside with price having a strong base at 88. ...

james16 Chart Thread

I did like the BUOB of the bottom of a channel on the usdcad H4 but now most of the majors are treading water I've lost confidence in the setup. Price is now making it's 2nd IB so I've moved my stop up to under the 1st bar rather than exiting trade. ...

james16 Chart Thread

I was looking at the same pair but from the 4hr chart where it's a BUOB. If it's valid in 5 mins time I'll wait for a slight retrace 38-50 fib on candle for a lower pip risk entry.

james16 Chart Thread

Two potential setups I noticed but I don't really consider either A+. The GU pinbar doesn't seem long enough so not that convincing and the double bar low on the USDCHF is 1 pip out. Would have been looking for a continuation of the short but there ...

james16 Chart Thread

That's great info thanks jon I'd often notice the 3rd touch was the best but drawing an additional TL from the last 2 swings is not something I'd done or considered and I can see from the charts it's certainly another tool to keep.

james16 Chart Thread

Interesting how trendlines can vary so much, for me price was on the other side so not a supporting factor. Are there any rule of thumbs for drawing TLs or is it just an art and seeing how price reacts or respects it? Thanks and have a good weekend ...

james16 Chart Thread

Thanks Ghous again I really like that analysis and explanation

james16 Chart Thread

Ok thanks Ghous your chart clears up what a PPZ is. Just taken another 50% off of remaining lots before 50% Fib and 1.4550. Leaving stop at entry for now and will let remainder of position run for the day

james16 Chart Thread

Hi All, I was looking at the GbpUsd trade as well on the H4 chart. Entered on the close of the 8am bar with stop above high. Moved stop to entry at +30 and took half off at 1.4620 before it got too close to 38.2 Fib. Would like to see 1.4550 next. ...

james16 Chart Thread

Loving that EURUSD chart and explanation Ghous, thanks What is the strict definition of the BUOB though? Does the body have to engulf the previous bars/candles body? Thanks

james16 Chart Thread

I was looking at this trade as well. I like where price is at for a short but just not clear on an entry. I did take one successful short at 1.1650 closer to the TL and a trailing stop got me out for 125pips.

james16 Chart Thread

Hi — Hi All, What an amazing thread I can't believe it's still going strong after all this time. I'm trying to catch up and am currently on about post 1000 but I'm going to read from the front at the same time as catching up from the back. ...

james16 Chart Thread