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- bud_fox replied May 13, 2015
Hi fxin, AUDNZD not giving us the PA we wanted today but there is always tomorrow. Sitting on my hands and being patient until PA shows us the way.
- bud_fox replied May 13, 2015
Hi Don, I totally agree with you about the choppiness of this pair. Not much room to move as trouble everywhere. I'll stay out of this one for now and just watch and see how things play out.
- bud_fox replied May 12, 2015
Another pair on my radar is the AUDCAD (Daily Chart) PPZ & RN @ 0.97000 150 EMA 61.8 Fib Decending TL Being patient and waiting for price to reach this area and show it's hand by presenting us with nice PA.
- bud_fox replied May 12, 2015
I also have my eye on AUDNZD. 61.8 Fib RN @ 1.08000 365 EMA Waiting for some PA to show me the way.
- bud_fox replied Apr 22, 2015
Watching EUR/CAD Daily. Divergence with a BUOB noted with red arrow. Price currently finding resistance at minor PPZ @ 1.3250 Just watching and learning to see what price will do and how it reacts at these areas. Further resistance ahead a RN 1.3400
- bud_fox replied Apr 22, 2015
Hi Greg, This Pin Bar went exactly where you would expect it to find support which was the bar highs indicated by the red arrow on my chart. This is also a PPZ @ 1.4850
- bud_fox replied Sep 12, 2013
EUR/CAD Daily I am being patient and waiting to see if a nice strong BUOB forms in the next few days. Confluence = BRN @ 1.3700 + 61.8 Fib Retracement + Clear PPZ Whichever way it breaks it's going to break hard as price seems to be winding up tight.
- bud_fox replied Aug 30, 2013
Great area to watch on Daily GBPNZD. Double/Triple Top with Divergence at BRN 2.00000 PA here would be a thing of beauty IMHO. Regards bud_fox
- bud_fox replied Aug 30, 2013
Hi gianmarco, I personally passed on this particular trade although the pinbar that you are talking about actually bounces off strong confluence. Look at my first chart below and pay attention to the small blue box which highlights the area of ...
- bud_fox replied Aug 21, 2012
Hi Millions, I agree with you that GBPJPY could definitely go higher but I personally am waiting for a break of 125.35 which is the recent HCR, plus 50% fib retracement and descending TL. If price manages to break and close above this area then I ...
- bud_fox replied Jun 11, 2012
Hi Nwo-Trader, Location is key here. Although the formation of the bar is a Pinbar we want these at major swing highs and swing lows with as much confluence as possible and with a big long protruding nose. Also the open and close of the bar was ...
- bud_fox replied Jun 11, 2012
Another High Confluence Example — Hi All, I have attached another example of a great confluence area to plot on your charts. Be patient and wait until price reaches this area then wait for PA before placing any trade. CADJPY - Daily TF PPZ @ ...
- bud_fox replied Jun 11, 2012
Hi Patapouer, Once you accept that good PA is nothing without a good location the sooner you will stop trading PA bars simply because they are PA bars and the greater chance you will have of succeeding. A good location will have confluence and more ...
- bud_fox replied Jun 11, 2012
Mike, That is certainly high praise coming from you. I just hope my posts can help and open some eyes to what is really needed to have a chance of success in this business. Still learning myself every day. It's like a drug, I need to get my daily ...
- bud_fox replied Jun 11, 2012
No Fast Track To Success! — Hi Tinny79, The basis of the James16 teachings are based on a good understanding of Support & Resistance combined with Price Action e.g. Pinbars, BE/BUOB’s etc… But if you read all of James16 posts and study all of ...
- bud_fox replied Jun 10, 2012
Another High Confluence Example — Another example. AUDUSD Look at the upper blue box. PPZ @ 1.0150 - 1.0250 RN 1.0200 365ema 150ema 61.8 Fib Retracement Descending Trend Line Talk about confluence. It may take weeks for price to reach this ...
- bud_fox replied Jun 10, 2012
Practice, Patience & Common Sense — Hi All, Practice, practice, practice. Patience, patience, patience. 3 things that are vital to finding success in this business are practice, patience and common sense. Look for the highly confluenced ...
- bud_fox replied May 31, 2012
Touch Trade GBPUSD Daily - 35 Pip SL — Price has just bust through Major PPZ BRN @ 1.5500 50% Fib Retracement Ascending TL I have set a Sell Limit @ 1.5480 which is line with the 50% fib and my SL is @ 1.5515 If Sell limit gets triggered @ ...
- bud_fox replied May 31, 2012
Hey Millions, Great trades. See my views below on how I would manage these trades. USDJPY Price is obviously going to find support at 78.00 with so many bar highs and it now has a lot of traffic to get through to reach your final target of 76.00. ...
- bud_fox replied May 23, 2012
Millions, What a terrific post and a great trade. James16 would be proud. You have obviously worked hard at this and have done your homework. I agree fully that there is absolutely no short cut and all the reading and learning is a must and it does ...