james16 Chart Thread

Quoting Hiten123

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Here's a trade on the CHF/SGD daily I'll enter long on the break of the fakey mother bar. Here is my chart showing reasons for the trade {image} thoughts appreciated. Cheers. Sorry it's a little small, but needed to zoom out so you could see the support level clearly. Edited to add: Here is a zoomed in version showing the fakey pattern clearly. {image}

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Quoting Donkey

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I see the bullish bar stuck in the current trading range and would have needed to see the bar penetrate the current support (BRN 1.3000 to me) and close above the highs of the consolidation range. I see more of a story for a short below the BRN 1.3000. Confluence would be the BRN, Head and shoulders pattern, 3 bar low, and much more space. Not saying a long won't work out, but looks to need watching awfully closely to me. {image} {image}

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Quoting Hiten123

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Cool, appreciate the thoughts. As it turns out, my broker Oanda offers SGD/CHF instead of CHF/SGD for some reason (I use fxpro mt4 for charting). I have a question about consolidation ranges. Suppose you get PA in the middle of a trading range, is it safe to assume that once price breaks the highest/lowest point of the trading range it will most likely continue in that direction? For example, I've often read posts saying things like "that pinbar's not the best because it's in the middle of a range". What if you delay your entry until price not...

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Quoting mbqb11

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Hey H Well you can't ever make the assumption. Instead one could say if a range breaks and the range then HOLDS then possibly that signals price to continue to move in that way. But what often happens is either you entry is very far off from the PA, or people watch price break the range, then let it come back in the range and stop them out. So it's not can that happen, its more what happens and how you react. Same goes for really any sort of break of an important area Hope that clears it up MIke

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Quoting Hiten123

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Hey Mike. Okay, so what you're saying is that once price breaks a range, it's better to wait for some kind of confirmation that price will hold above/below it. For example, if price goes up above a range, closes above it, and then pulls back to the range and forms let's say a pinbar, that would be a much better signal to go long? I think I get it now.

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Quoting mbqb11

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Hey H Well it really depends on the situation. What you said previously was not wrong, but what I was worried you might be thinking that it doesn't matter what bar we take as long as we wait for it to break a range(ala a pin in traffic). For me it's highly dependent on the situation and all the other factors that come into play. I just didn't want to generalize too much as that can lead to false belief in something Best Mike

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Quoting Pinbar

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This 1.2232 area looks interesting. {image} {image} {image}

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Quoting com

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how many pairs do you guys watch? and which ones?

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Quoting meshka

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uphhff... my stop was really close ... {image}

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Quoting Pinbar

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Example of a Swing Point Being Respected and how Jarroo's level not only kept us out after price violated the HCR but tipped us off with the hourly signature and the IB. {image} {image}

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Quoting ghous

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That one made me go DAMMNN! lol Nu cushioned my emotions a bit g. {image}

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Quoting ghous

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That one made me go DAMMNN! lol Nu cushioned my emotions a bit g. {image}

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Quoting Pinbar

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Don't believe you Ghous, I bet you were in it. LOL Short, I mean.

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Quoting jarroo

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Hey g . . Wouldn't this be the HHR? {image}

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Quoting ghous

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Nah man! No fake out. g.

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