oh sorry - yes! at 1733 not 1730 thanks for correcting me. yep it usually lines up from lower timeframes. image i usually prefer to play the break instead of entering in retrace. but from my experience, BEOBs, PB retracement always bounce off 23.6 ...

james16 Chart Thread

well, i don't claim to be an expert or anything. but a set up like this in my experience you aren't going to get your order filled. likely price will bounce up to 23.6 fib level of 1730 or at the most at 38.2 fib at 1738 before going back down.

james16 Chart Thread

BUEOB at 365 EMA with divergence on AUDJPY.. image

james16 Chart Thread

CHFJPY BUEOB off what looks like weekly LCS image image

james16 Chart Thread

there is a similar setup on GBPCHF and that broke through the 365 EMA, which is the stronger setup in your view? USDCHF or GBPCHF? i tend to have a bias towards GBPCHF due to the EMA.

james16 Chart Thread

well, based on the daily setup, if it closes like this, i plan to short 15 pips below today's low (assuming it dosen go lower) at 1.4539.

james16 Chart Thread

GBPCHF looks quite tasty.. BEOB at a 365 EMA image

james16 Chart Thread

EURCAD is lingering for now. bounced off the lows of today. image

james16 Chart Thread

I like this pair too Rust. The only worry is that Friday seem to have poorer momentum. And it could be subject to news out of europe? This things worry me although I understand J16 doesn't take into consideration news.

james16 Chart Thread

NZDUSD BEOB at 365 EMA image

james16 Chart Thread

Looks like we have a nice BEOB on crude oil off at a swing high and off 100.00. If it is on a two-day timeframe it is a pin bar. image The red line is my target. At multiple lows.

james16 Chart Thread

yeah me too. took a bad trade on gbpusd.

james16 Chart Thread

I see..well i'll just wait for A + trades until mid Dec then..

james16 Chart Thread

hey guys, i cant remember if i have asked this before..but come late nov and dec..do you guys take caution in setups or do you treat it like normal trading in the rest of the year? December seems a very volatile month due to the holidays.

james16 Chart Thread

oh, isnt it the orange line? edit: i thought you posted a new picture. i mean the BLACK line in my post..

james16 Chart Thread

Also, a question on the illustration below. There is a PCT & CB in the black rectangle. Price on the next blue candle subsequently bounced to 0.9766 where the HCR was at but went thru it to 0.9866 LCS which would have yield a good TT. Would it have ...

james16 Chart Thread

on jaroo's method — hello, follow jaroo's method of picking out support and resistance, this is how my chart looks like. pardon me if it looks too cluttered! is it supposed to be liks this? image I have 2 LCS at 1.3284 and 1.3257, which is ...

james16 Chart Thread

You entered based on a breakout at 1.0160?

james16 Chart Thread

yeah i get it. was just trying to get the idea and principles right.

james16 Chart Thread

hmm.. my virgin attempt at spotting a good touch trade seem to have been right on (lucky maybe) image EU bounced off LCS and multiple lows. If i were to make an entry, i would place a buy order at 1.3700 and target 1.3721 and put my SL 15 pips ...

james16 Chart Thread