james16 Chart Thread

Quoting jibson007

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Mike pls examine my thought process on the AudUsd failed BEOB on 1H and 1D chart. Just tryn to knw if i may be thinking correctly. {image} Jibson

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Quoting fxbreeze

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Mike, I see possible trend up to next level for NzdUsd, if it closes above previous open. But somehow I find there is no story, and it may not work it out. What's your take for these? Steven {image}

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Quoting mbqb11

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{quote} Hey Steven Are you asking about a good area to watch for a trade? If so the green lines you have marked near the gap open and major former resistance around 8100 is a great area to watch. Price is going to be drawn to this area and is great place to atch Best Mike

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Quoting fxbreeze

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{quote} I am not sure of that is a pb. The nose is not long enough; neither at low swing; the daily long bar last week completely engulfed this pb of yours. It is between 38 and 50%, most likely consolidating between these 2 levels, in traffic over there.

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Quoting 0rPhioZ

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{quote} Okay then. Mike, do you think we can categorize it as a pinbar since it closes near it eyes (as you can see from 23 sept and 25 sept daily bar ONLY). But I have to admit this is actually a quite difficult trade since we only have so much space and the nose wasn't long. I can say the only reason why I took it was because it bounces from 2 fib ret I put (I delete the other fib ret because I think it is cluttering this chart). Thank you for your answer. Yanuar {image}

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Quoting GiovanniV

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Mike, according to the method jarro, how can I know when place order Touch Trade and when to wait for the DCC?

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Quoting mbqb11

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{quote} Hey Yanuar It is a pinbar in terms of the bar itself, but this is not ideal location for a pinbar Notice because of where the pinabr sits it is in a complete sideways market and has no space. This also means it's not a good swing point(and really in this case not a swing point at all). These are tricky and often what you see happening(choppy market) is what will occur making them difficult to trade. {image}

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Quoting dan89

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{quote} Hey Mike, I dont trade PA on its own (without a BO pattern) But I was just wondering what you think of this BUOB closing above a PPZ. Bar is pretty big and closed strong and at a swing low. {image} Take care Dan

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Quoting dmc

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{quote} Dan, I will give you my two cents. Yes, the bar is big, which is nice. BUT, I wouldn't really clarify this as a swing low, looks like it is kind of in the middle of what might be a forming ppz. Also this bar has no space above it it runs into all of those bar lows immediately to the left which is why price went there and stalled. This trade may work out in the end but above are the reasons I would pass. Hope that helps. DMC

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Quoting dan89

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{quote} Hey DMC, How would you define a swing low/high points, where then look for PA ? To me this looks like a decent swing low, the chart is not zoomed in or anything and thats a pretty decent retracement .. Take Care Dan

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Quoting mbqb11

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{quote} Hey Dan I agree with Dave You aren't wrong that it's a swing low but the BUOB takes up all of that swing low leaving us with no space. So you basically are left with no room to work with and just a minor PPZ to work with. Not enough of a story in my book. Not really wrong in fact many would still take a retracement to the PPZ and a tight stop. This is why story is crucial for me. If price only engulfed the few small bars say closing at 1340 you have space to run to bar lows around 1360. The way it closes leaves us no room so it makes it...

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Quoting rudolfo

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Hi one and all Thought i would get some expert advice from here. Bellow is a screen shot of the EurNzd. Looks like a nice 2day pin of the 1.64 level and also of the edge of a larger box(highlighted). Was wondering if this is open for a short down to at least 1.61(close to the previous low or could we even target the 1.6 BRN. I am only asking because i am unsure of the space and haven't payed these continuation setups. The retracement from the high 1.72 is still some way of the 38% level and generally like to see retracement get to 38%+ for continuation...

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Quoting rudolfo

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Hi one and all Thought i would get some expert advice from here. Bellow is a screen shot of the EurNzd. Looks like a nice 2day pin of the 1.64 level and also of the edge of a larger box(highlighted). Was wondering if this is open for a short down to at least 1.61(close to the previous low or could we even target the 1.6 BRN. I am only asking because i am unsure of the space and haven't payed these continuation setups. The retracement from the high 1.72 is still some way of the 38% level and generally like to see retracement get to 38%+ for continuation...

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Quoting rudolfo

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Hi one and all Thought i would get some expert advice from here. Bellow is a screen shot of the EurNzd. Looks like a nice 2day pin of the 1.64 level and also of the edge of a larger box(highlighted). Was wondering if this is open for a short down to at least 1.61(close to the previous low or could we even target the 1.6 BRN. I am only asking because i am unsure of the space and haven't payed these continuation setups. The retracement from the high 1.72 is still some way of the 38% level and generally like to see retracement get to 38%+ for continuation...

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Quoting fxbreeze

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Consecutive rise in UsdCad; Mike or the Seniors, is that a FTA (Aqua highlighted) I see? {image}

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