Not going on long on aud. Its clearly in downtrend still and no signs yet of reversing. We are now getting a BEOB . Lets see how far this one will go.

james16 Chart Thread

Honestly, i don't trade on the retrace of the OB and i have not tested for the retrace. So Mike can probably help you out on this one. However from your post i can see that you have no trade plan nor have you tested your probabilities. So if i were ...

james16 Chart Thread

My only live trade on FOREX this week. 60 pips But i did catch the oil train today..Fantastic move.. image

james16 Chart Thread

This is why i don't take the green bearish pins. They work rarely , but most times they fail. As a result you would either BE or take loss assuming if you only took these kind of setups. Also check if you were trading into a any VBRN. Make sure the ...

james16 Chart Thread

Which broker are you with. I never had these kind of problems. I have traded with hotforex and FCXM. I m currently with FXCM. No issues so far. My suggestion is you try oanda or fxcm.

james16 Chart Thread

The zone you have marked the bar highs come close but do not match. Visually they should match. let me make it more clear Support as FTA - Recent two or more bar lows should match. Resistance as FTA - Recent two or more bar highs should match. PPZ ...

james16 Chart Thread

My definition of FTA is the recent or fresh S/Rs which have at least two or more matching highs or lows. if you consider your FTA , then every price point is a FTA . That makes it impossible to trade.

james16 Chart Thread

This week's setups Aug 03 - 07. 7 setups : 600 Pips file

james16 Chart Thread

Subbed.

A Traders Life

oble, no hurry in this business. I would suggest you trade on a small account instead of demo.

james16 Chart Thread

Adhavan ,still needs work. Not much room to first FTA. Even if first FTA is broken , you have a second one. See the daily on audcad , we are bullish after yday's cash rate announcements from RBA. image

james16 Chart Thread

Today on daily. USDJPY - BE image EURGBP - BE image

james16 Chart Thread

This one on the live account. EURUSD Daily : 60 Pips to FTA. BE now. image

james16 Chart Thread

The bar highs should match. They will not match up perfectly every time , but that's what i usually look for. In this case the first high is NOT matching with the next two bars.

james16 Chart Thread

Well in that case i don't trade exotics because i don't have to. 20 pairs or so are enough. Also the PA is not as smooth and you have huge stops and spreads on exotics. Just not worth it.

james16 Chart Thread

My definition of Resistance is that two or more bar highs should match , same for support - 2 or more bar lows should match.

james16 Chart Thread

Hey Mike , I have been looking to trade US stocks. What do you recommend - US Stocks single CFDs from reputed brokers or trading from exchanges with a broker like IB. I m somehow not convinced with the data feed i get from CFD brokers. How has your ...

james16 Chart Thread

Correct , i would not have taken the trade. For me I want to a proper IB , not just any IB. There will be plenty of bars like this one which fits the criteria of a IB ,but most of them don't work out so well. Yes the color of the IB matters as it ...

james16 Chart Thread

Well , in that case why do you think S/R won't work or work differently on exotic pairs. I trade Stocks/Commodities/Forex and PA , S/R in particular works the same on all of them. However i don't trade exotics as PA is not as smooth i would like it ...

james16 Chart Thread

Don't believe me. find it out for yourself. I will only post charts. If the charts don't convince you , nothing will.

james16 Chart Thread