james16 Chart Thread

Quoting Bullet

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{quote} Got stopped out at 3 pip loss on GBPCHF, had moved my stop down when price broke 1.4700 but it spiked up while I was out for a run. Oh well it was stalling a lot so on to the next one. My AUDUSD is still in play but its in draw down after news overnight. Will see how it goes as trend is up, if it closes below 0.9295 I will close it out for loss (unless it hits my stop first!). {image}

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Quoting jibson007

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Thanks everyone for the last reply. Mike i appreciate your reply also. Here is a 4H GBPAUD chart i attached below. i just want you to have a look and tell me what i am doing wrong or what ever i might av omitted. {image}

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Quoting Thapri

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Now, current gold chart Hello friends, the position that I took in gold is on profit. According to the technical analysis, I took it after weekly chart pin bar break and now my trade is in good position. And I have locked profit at 1354.00 which was at 1433.5(modified) before.But I have opened target profit still because market is in down trend. But if there is any weakness in this trade then please suggest me. I hope to get full support and advice. Thank you. Thapri. {image}

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Quoting bud_fox

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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. {image}

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Quoting Pinbar

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{quote} The left is eye is the bar high prior to the PB. The eye you marked would be a proxy eye, had the PB not closed inside the previous bar high. {image}

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Quoting Friend1975

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Hi, Please, tell your opinion. This Pin bar on Daily Gold is strong or no ? Although it has not support (near support is about 1270-76) , but it has 50 % fibo from (1180-1433). Please give me any advice, how to analyse this situation correctly. {image}

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Quoting mbqb11

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{quote} Hey Friend This is a very tiny bar coming on a friday off a much stronger bearish bar. One recommendation I always give is to zoom your chart out a bit. When you keep your chart so zoomed in it will give bars a bigger look which makes us think they have more strength then they do. When starting out you should stick to the bars that literally jump out off the screen at you. Bars like that are easy passes for me personally. It doesn't mean smaller bars can't work but you have to really have your confluence/location nailed down which is tough...

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Quoting deltaskelta

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I saw an interesting looking setup on OJ today. A somewhat nice PB formed as it tried to breakout of a trendline. It also coincides pretty close with the fib line. I would expect that an order put here would definitely spend some time in profit, but I'm not sure how far it really has to go, take it while its there I think. {image}

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Quoting ferox

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I have been manually backtesting for 2 days now and noticed that on most PA trades, quickly moving stops to BE upon contact of FTA and taking partial profits nets me a little profit here and there but on poor trades, getting stopped out completely wipes away these little profits. My observation is that: 1. Playing conservative on break of pins more often than not price retraces back to this level, stopping out the trade (after moving to BE, as J16 advocates) keeping me out of longer runs. 2. Thus, taking full or 80% profits at FTA increases my equity...

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