Hey Fabian, Hopefully that pin was a sign that the channel will be broken to the down side and the overall downtrend will continue. If the channel does break I'll be looking to go short. Let's see what happens. Tom

The Moneybags journal

AUDNZD — I'm still watching this as well. It had a brief breakout upwards, but didn't give confirmation and fell back into the channel.

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This kinda broke up but I did not take the trade. That's good because it went back into the consolidation area. I'm still keeping an eye on it. Havent posted here in a while. Got a new computer and had to take care of all that. (pain in the ass to ...

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USJPY — I'm also keeping on eye on this. (as I'm sure many others are) It's stuck between a bit of a PPZ and resistance. Something's gotta give. Tom

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EURAUD — Took this 4H pin bar last night. Good looking BUY pin off the trendline. Pair had a decent uptrend so took this swing low pin. There was also some fib around there. Obviously it failed.

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Yes, PPZ stands for Price Pivot Zone. It's basically a zone that acts as support/resistance. Tom

james16 Chart Thread

Come again?

james16 Chart Thread

Hey Tiki, I have 2 questions for you. First, are these trades just playing the probablity of price retracing to the 61% fib? No PA or divergence involved right? Second, how come you dont risk a set % amount for each trade? The reason I ask, is ...

Tiki Trader Trades

IMO this is the best way to play breakouts. For my personal trading style at least, which is also conservative. Through my extensive trading career (), I have found that waiting for some kind of confirmation after a breakout increases the success ...

james16 Chart Thread

That's actually a great idea. This is the type of thing I was looking for. I'm not that tech savy with MT4 so I'll have to see how this can be done cuz I have no idea. Thanks Vito.

Accessing charts from a different PC

I thought about that but I'd rather not use a program like that. I'm not the only that uses the PC at home so that could be a problem. Thanks

Accessing charts from a different PC

EURCAD — Got stopped out from this one a little further down from those two 4H bars. I gave it a little more room but obviously not enough cuz it spiked down pretty far. But I follow a fairly mechanical exit strategy with most of my 4H trades. ...

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Hey raczek, you scratched out the best parts.

james16 Chart Thread

LOL. You know it. Anything for you man.

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I think going down sounds good to me. A retrace maybe in order as well. We'll see.... I'll let price tell me what to do.

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Definitely Mike. Stop in any time and share some wisdom. You have VIP status in any of my threads.

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Thanks Tiki. You're welcome here anytime. Let's try and make some pips. Tom

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Here's a pair I'm watching. Notice the triangle that has formed for NZDJPY. There's some consolidation happening. Something might come out of this.

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Here's an older trade that I had looked at. It was a breakout setup for the GBPCHF. Notice in the 4H chart there was a 3-4 day tight channel forming. To get a better view for this type of setup, I will also flip down to the 1H timeframe. There ...

The Moneybags journal