Why did you close it out entirely? Looks like it could still be going up.

james16 Chart Thread

Boy, that bullish 1 hr PB sure is payuing off right now, eh? Looks like E/J is finally going down. Can I get out at BE or should I hold for profits? DJI also looks like its rally may be exhausted.

james16 Chart Thread

Sort of, except for the use of market orders. I do my best when I don't use market orders at all. I use stop orders and believe most do. I like to use them because it helps ensure that your trade has momentum going in your direction, assuming it is ...

Silent Service Method

ucad 1hr PB — I don't trade the 1 hr, but here is a nice looking PB with strong divergence on ucad 1 hr. Let's see how she does.

james16 Chart Thread

I think what the more experienced traders would tell you is that everyone is different and it depends on your trading style. An aggressive approach would be the one you suggest, setting a buy order above the bar highs at the 1.3 level and praying ...

Silent Service Method

I went back and looked and there is a flip zone there on the daily. I drew my PPZs using the weekly zoomed out, like Clockwork71 recommends, and did not have one where this PA is forming.

james16 Chart Thread

gj beob 4hr — Yes it is, though not at PPZ. I am interpreting it as a continuation signal as I am short from the breakout below the blue box.

james16 Chart Thread

Here is the chart. According to the flip zone as I see it, the most recent PA I see is the dblhc/buob in the blue box. Was this a good long signal? I mean, obviously it was, but would it have been good when it occurred. The only thing is that CW ...

Silent Service Method

Yes, I know that now. But I prefer to look at the silver lining in it. But for the crash and my loss of 50% of my IRA I'd have never taken it upon myself to learn about the markets and how to... not necessarily make money, something I plan on ...

Silent Service Method

I agree. I trade my IRA, which means I cannot go short. Thankfully there are several bear ETFs that go up when the sector goes down. Its okay if you get in and out quick, but buy and hold is, and was, for the birds imho. Too bad it took me until ...

Silent Service Method

I am watching this too. Looking to go short and ride it back down to the 1.27 level, assuming the right PA.

james16 Chart Thread

e/g — I thought you were referring to the dblhlc on the 1 hr. Guess not. My bad.

james16 Chart Thread

EURGBP and USDCHF — Regarding the eurgbp, that is a nice dblhlc, but is not anywhere near any PPZ that I have on my chart. Same for the PB on UCHF. Both PA setups look great to this novice, but cannot trade due to the locations not being at ...

james16 Chart Thread

Gold weekly — I don't like the gold set up. The so-called bullish PB is low quality IMHO, and more of a neutral bar than anything else. Also, the two prior weeks, taken together, form a nice bearish PB at strong resistance. So these kind of ...

james16 Chart Thread

Thanks for the thread Clockwork! Does the name have anything to do with 'A Clockwork Orange'? I know a little bit about submarines. Spent six years as a sonar technician in the US Navy. Was stationed on a destroyer, a submarine hunter, USS John ...

Silent Service Method

U/J and AUDNZD — I agree the U/J looks ready to go down. Maybe a bit of a retrace off that support just below but then down imho. Take a look at the AUDNZD weekly. Don't where this will close but has good chance of being PB at strong PPZ. ...

james16 Chart Thread

UCAD continuation bar? — I got into this trade last night, have taken 1/2 profit and set stop to B/E. We just got this bullish outside bar of questionable quality. How does it rate as a continuation bar in others' view? I think its ...

james16 Chart Thread

I am bearish on cable for the moment. It looks to me to have broken through the PPZ to the downside and is in a retrace right now. I believe the PA in the box is as close to a bearish piercing line, or dark cloud cover, as we can get in forex and ...

james16 Chart Thread

This PPZ goes all the way back to 1986, then 1998, and again in 2002, so it is a pretty strong zone it would seem. Should see a bounce one would think.

james16 Chart Thread

UCHF BEOB — I don't like that BEOB on the UCHF because its too choppy right now. If you look back, there was another BEOB not too long ago on the daily and it has gone nowhere. So I will pass on this one, which means it will probably drop ...

james16 Chart Thread