james16 Chart Thread
price rejected the bars highs and shot back up.
Gone ahead locked in more profit. We could see a stronger pullback now to those bar highs over the coming days where I could simply look for another entry off the BRN and bar highs, better to begin to lock in
Mike
That's one hell of a trade Mike. Thanks for taking us along for the ride!!
A retest is still on the map . Look at the daily . I will be even more happy if we could see a scenario like the 3rd chart i post for you . It will let me to unleash my full position on this setup
.....It's actually pretty simple, we forget that the MACD or whatever oscillator is just a calculation of price. So if we look at that above chart, look how price keeps making new lows but they do not sustain and price moves higher. So you get a new low and price moves up and each time when you see price making a new low barely and moving up this is the market potentially losing momentum....
Cath.
Hm...interesting triple top +2day pin bar. Anyone like?
yep that was a nice easy clean breakout. I know many people jumped on that one and it gave some nice pips! let's see if the top holds
Hey Mike
I have been studying forex in many forms for a few years now, and I would say that this is by far the best MACD explanation I have ever come across, it makes it all so clear - thanks!
hello mike,,
do you think this small pin bar at weekly is valid ?
and at a good area ?
thx mbqb11
regards
suma
think this is called a SPF trade. 
