Hey Hunzul In this case the lower close is better because of where the base of the pattern is. Price should break hard and that area I want to see hold Here was my live video from the PF for you url Best Mike

james16 Chart Thread

whoops realized I pasted wrong link No it was a breakout trade url

james16 Chart Thread

nope I already caught my piece on that one url I am watching gbp/jpy more closely though for the jpy pairs Mike

james16 Chart Thread

Hey Gianmarco Welcome to the forum I actually think this is a weak closing pinbar Reasons being the close is under the RN. We are at a PPZ but because of the weak close we may be UNDER the ppz Lack of space(check out my video in the guest section ...

james16 Chart Thread

Hey A Neither TL is really good for me right now. Like your chart shows the top one doesn't quite fit and the bottom one has very little touches in a long time. Nice trade! Mike

james16 Chart Thread

Hey Stephen Many setups are valid depending on the trader style. For example James takes more setups I wouldn't because he also uses much tighter stops as well as gets to b/e and takes some off the table quicker. This is one reason we have different ...

james16 Chart Thread

Hey Dan It's a time and experience thing. You just can't substitute the experience gained from trade after trade after trade after trade etc. This is how you will gain confidence in yourself and your method(which goes hand and hand). This is why no ...

james16 Chart Thread

good job M Mike

james16 Chart Thread

Hey B I would agree to an extent. I look at everything as having it's time and place depending on the situation. So some situations a TL is much more important than certain s/r(horizontal) but everything is usually intertwined. I always like to say ...

james16 Chart Thread

Hey Mak Welcome to the thread You are correct as Dave said above. We can see the BRN just above us where "space" runs out If you have more questions let us know! mike

james16 Chart Thread

yep that can make for a much stronger solid pattern in my observations. Not 100% necessary but something that can help those learning to find patterns too Best Mike

james16 Chart Thread

Hey Dan I would draw it the second way you did as well Now it's a mater of watching for more signs. That could be a big exhaustion before the breakout, or consolidation into the breakout. Both are ideal for me. Of course if it starts to creep under ...

james16 Chart Thread

Hey Viktor Trading tax can be simple or very complicated so always consult a professional Here is a good starting place for information though url Best Mike

james16 Chart Thread

Hey Viktor CFDs are illegal to trade in the US so I have no personal experience with them myself. Maybe someone else can jump in here Best Mike

james16 Chart Thread

some recent talk on combining bars I do it from time to time to Here is a trade I just closed out myself with a 2 day BUOB Notice price is at a major previous resistance area long term at the $20 mark Price creates divergence, breaks a major TL and ...

james16 Chart Thread

Hey Stephen Check out thinkorswim Best Mike

james16 Chart Thread

Hey Stephen Everyone knows I love big bars, I can not lie lol But yes location and story is always crucial Best Mike

james16 Chart Thread

yum looks good, will be watching for PA on that one too

james16 Chart Thread

take profit hit

james16 Chart Thread

bingo MOre times this is just weak selling or the market slowing up near the important area. THe major orders and action will set near the more confluenced areas Best Mike

james16 Chart Thread