Sorry, I just saw you have a different feed. My BOUB's high was at 6.6244.

james16 Chart Thread

First of all the PA on your chart is not a pinbar it is a BUOB as it encompasses the previous bar and has a higher close. A pinbar and a BUOB are two different setups and the things that make a great PB do not necessarily make a great BUOB. This ...

james16 Chart Thread

Thanks, Jarroo. They all worked out so nicely because I adopted your entry and SL strategy. It's been only two weeks since demoing this approach but what I see looks nice. So kudos to you, Mr. Jarroo. Hi LameTrader, welcome to the J16 ...

james16 Chart Thread

All my trades are still in play. EURAUD worked out as expected (or should I say wished). It broke my former final target on the 4hr. With some resistance above we might be in for some bigger retrace sooner or later. I don't want to give back that ...

james16 Chart Thread

Hey Gogolak, could you tell us what pair/commodity/stock/etc. you are trading here. It makes it easier for us since we can look at our own charts. I've got two questions: 1. Why did you enter? 2. Where was your FTA (First Trouble Area), 2nd, 3rd and ...

james16 Chart Thread

Thanks Mike. This helps a lot. Finding an evaluation method for these questions has been the most important step in my trading. I could get rid of all of these lines, indicators and stuff and it let me focus on only very few things on the chart. A ...

james16 Chart Thread

What I still don't understand is this: Why does price say at 1.300 get attracted to an area at say 2.400? It's more than 1.000 pips away and still it seems like price inevitabely has to get there. I mean doesn't price always move one pip after ...

james16 Chart Thread

Could you explain a little furter, Mike? Do you mean that these areas are where most orders get fulfilled and that's why price is attracted to them? After reading Ghous' post, I had the following thought: If the important market turning points are ...

james16 Chart Thread

A brilliant post, Ghous. And it answers one of the question I had in mind for some time: Why is price so attracted to these major supply/demand areas in the first place? Thank you.

james16 Chart Thread

Thank you very much, Mike. That makes it clearer to me. I will also have a look at your video again.

james16 Chart Thread

Great, thank you Mike! I just got short on AUDCHF. I'm aware of those massive bar highs on the weekly. And I'm not sure if this would be a valid Jarroo trade (I would love to hear your thoughts on this one, Jarroo). But what convinced me was my ...

james16 Chart Thread

Hi Jonas, those are really beautiful charts and explanations. But I'm also confused: Isn't space, at least as Mike refers to it, free room to the left of current price? Or in other words: a place on the horizontal axis where price hasn't been in a ...

james16 Chart Thread

My AUDUSD 2 day BEOB trade has been stopped out for a small loss. My Jarroo style trade is still in play ([email protected]). EURAUD is also going back down again... right after it touched my former final target . Well, at least I'm in profit on this ...

james16 Chart Thread

Hey Grizly, just my opinion on that: I think Jarroo is not advising to trade a level that has been touched x times. I think what he does is pick levels that recently DID NOT hold as support or resistance and where buyers/sellers likely shifted ...

james16 Chart Thread

Hey extreme, don't forget those daily lows to the left. They might very well act as a longer term resistance. That said, I've also got a feeling it might still go up a bit. I cancelled my final target and moved my SL to 1.2058 below the recent 4hr ...

james16 Chart Thread

Hello Mike, would you consider trading the daily if it closes as a BEOB or do you think there's not enough confluence?

james16 Chart Thread

The 2-day-BEOB on AUDUSD was broken yesterday. When it hit my FTA I was still asleep and I forgot to set a trailing stop when I went to bed. So theoretically I would have been stopped out with a small profit this morning (CET). Practically I'm now ...

james16 Chart Thread

Yes, and it's still running like there is no end. Bars like this at the far end of a consolidation often work out like a charm. Very nice, I think. I had my entry at 1.5735 (daily HCRs) which it unfortunately missed. It may give us a daily BEOB.

james16 Chart Thread

Wow, I love these bars. Look how it cut through support. Have you been trading it, PB?

james16 Chart Thread

EURAUD is about to break the resistance on the 4h chart. Doesn't mean too much, it could still go back down at the end of the day. I would like to see a daily close above 1.2094 to move my stop right behind it. My final target is 1.2160 (moved it ...

james16 Chart Thread