james16 Chart Thread

I don't think so but i could be wrong.
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Just to point out that this area would be great to reload shorts on NZD/CHF.

Remember we still have the BEOB at a swing high (+ ppz + 50 fib level + RN) on the weekly.



Now, the current bar weekly bar IMHO looks like pull back.

Zooming in to H4 (looking for a short entry). Although I went long for a few pips (scalp trade based on bullish divergence on H4), I'm seriously thinking of reloading shorts here since this is the way I love to play these PA setups - on pull backs (and the reason? = smaller stops).



Apparently we are approaching some sort of confluence here around the 0.75 level where we also have 50 fib level and a strong PPZ. The only 2 things which worry me about this trade is that price could give us a surprise since it, coincidentally, appears to be sitting on a bullish trend line. And secondly, knowing the fact that there's some sort of traffic around the circled area in the weekly chart above (no space). Apart from these cons, it should be a good trade once it kicks off and once dollar regains its strength.

Took the UC short too...but the others are too aggressive for me..all the best

I'm in too , However I'm really thinking of a potential Up move for the EUR/USD.

Hi Jarroo,

Thanks for your answer. Before your answer I entered at 1.0590 so your reply was a confirmation.

I really want to post something again, but looking over my recent trades and considering them under the criteria of "preferably simple, picky and ideal, without overcomplication" I am kind of coming up mostly empty

Almost everything now seems to have a "considering market x, I was expecting y to do this, and it did just that, so in turn.." component
(I like using "cross market confluence" if it's available)


//trailing off into a small rant here//
And those that don't aren't picture perfect "wonderful, clean setup" trades. Or maybe I'm just putting them under too close scrutiny.
But I feel there is a LOT of gung-ho mentality "out there" and showing too much so-so stuff just encourages that, and I really don't want to do that.
Trading isn't about carousing, "going for the pips, harrrr" or "stuffing your pockets full of money" and bragging rights.

It's about a xxxxload of hard work, dedication, concentration/focus, discipline and near infinite amounts of patience. It's quite literally a professional endeavor.

The impression that forums encourage that it's all good as long as you can make funny posts about your wins and losses just covers up that most people get absolutely raped by the false advertisements and the market subsequently.
It literally breaks my heart and accordingly sours things when I see too much of that attitude.

Of course, I should add a caveat: this is applicable mostly to those in the not-there-yet stage. I don't mind people goofing off once they've gone over the hump. They know what they're doing by then and it's not done as compensation.

But I think a lot of people who got lured into this stuff need a "bucket of cold water / slap in the face" moment to sober up to the reality that the fine print that litters every brokers page isn't a joke. You can and likely will lose ALL of your money if you think this is a joke or about being funny.

Not trying to be an ass, but rather a huge red warning sign.
It's never a bad time to remind of the dangers imo.
The possible upside is definitely not underrepresented.

//end of rant//

Well, I could post the DAX, but I missed making a pre-trigger snapshot, so it's not as pristine as I'd like it.
I could add EURNZD, just to illustrate some watchzone/expectations/flagging stuff.

I also have a really detailed EURUSD chronology from 1.45 down to 1.4, but even that when I look at it feels like it's missing a lot more highlights, commentary and pointy things

Maybe the folks that have seen the EURUSD in my journal can tell me whether they think it would be of any help to post here, just to illustrate how I try and think ahead(i.e. I try to come up with an ideal pre-plotted course for action) during a trade sequence.

Just trying to give off a sign of life

Edit / disclosure: I did not take the DAX setup(proper sizing wasn't doable), at least not with actual money, however I realize that I have been doing a lot of "pseudo demo trading" with a lot of charts again lately, i.e. just watching things happen and charting out targets and likely stations.
I found that that helps a lot to maintain an overall big picture on the corresponding market.

Looking forward for more sir.

they listened, it moved 42 more

got a love it when you set and forget...

ask Mike, he likes round numbers

Took the same trade, with half off at 126.30 (thanks to some extra study time on your charts). Was my first trade of the week. Been waiting and waiting for some retraces to come. Wouldn't mind being taken out on the second half, if it means some really nice trades next week (though would still get some action on e/u, and u/chf).

Got it.

got out with half at 126.70, but reverse to short didn't trigger again.
I needed half a spread more....
It's all right, I see big opportunity just around corner.

Really, hmm, maybe I am doing something wrong here. I thought for sure you'd have been in. I got in exactly at the round number, and went about 3 pips past if I remember correct. I guess your spread was around 3 pips. Ya, no big deal. If I can shrug off missed opportunity, I'm sure you could careless.
Yeah, I see some really nice plays coming up too. I wish I could see what your seeing, but I'll be happy with just one of these plays next week No matter which way the market turns there should be some opportunity. Guns loaded, and soon to be blazing

Simple PPZ breakthrough and retest...obviosly the news helped it on its way.

Great post, thanks

btw, what do you mean by 'cross market confluence'? do you mean correlation between different currency pairs, or am I misunderstanding.

This one is on the live account, and I am losing faith in it... just a breakout pattern that is not going very fast, which defeats the purpose..... I have moved my stop up a bit, so I won't take a full 2% loss on it, but this one is disappointing...

Ohhh come on gave up that 130 now.lol

I'm probably not the only person looking at this, 50% retracement - 1.3800 round number - PPZ

Back in the wedge miss daisy!