james16 Chart Thread

Hi Umee,
Nice touch.

Hi,

It just missed a entry.

Hi guys,

I started trading on a small demo account today, here is my first trade.



My reasoning was:

1. Price was at a very strong resistance area.
2. Closed under the ascending trendline, so a retrace would present a low risk entry.
3. There was a high probability that price would reach the 123.37 area if it broke below the current consolidation.

I ended up taking profit at the 123.37 area.

Please feel free to comment on my thought process.

Also, is it better to stay out of the market before major news releases like today? The move on EUR/USD was insane, I have never seen anything like that.

Patiently waiting for the new announcement..

November ended great, December started great can't complain

Two more trades closed out. Weekly eur/try retrace of the weekly BUOB





and 4hr beob on usd/nok

These look potential areas... What do you say guys?

AUDCAD


EURUSD


USDCAD


USDJPY

Hello mike, regarding risk management, at which price did you placed your stop before the ECB press conference ?

Missed some good moves today on Euro.

NZDUSD

I don't post often, but I do watch the thread everyday. Everyone is doing a great job. Guitarbloke, I seriously enjoy seeing you do what you do. Not my style, but I get a kick out of every trade you post!

I first want to say that I DO NOT DO THIS OFTEN, and I was at the right place at the right time this morning. I DO NOT suggest anyone do this until THEY KNOW WHAT THEY ARE DOING. I realize that I got EXTREMELY LUCKY. However, this goes to show the power confluence. Again, I DO NOT suggest anyone trade like this. This setup includes a LOT of moving parts and can be VERY confusing, but I have been sniffing out this GBP/USD bottom for months and when the stars aligned I took action.

The moving average is 365ema- I really only use the 365 to see extreme overbought/oversold. I will use it as support/resistance when the opportunity arises, however it does not play a major role in my trading. I just want to know where it is.

The red lines are previous week's H/L

The dotted gold line is previous week's range +61.8

The plan right now is to see how this week closes (looks like it will be a pinbar possibly an outside bar)

If I get weekly PA I think I might just keep the stop at BE and let it do its thing. Depending on how things pan out, I am fully prepared to hold this for several months.

Thanks P you all have been patient you will get to see it was worth the wait though. We are going to postpone the announcement to monday. Pretty somber end of the week here

Monday is my bday so it's going to be my present to you guys LOL

Sure K, it was pretty straight forward on these

Eur/try I didn't do anything at all. But for Eur/nok I moved my stop under the swing low of today just before the Bid Rate. Which actually was a coincidence i didn't even know about the news or ECB today lol

Here was my chart to group when i moved my stop

hi mike,
i think im the first one here to wish u a happy birthday! wish you so many more

Hi All,
Would appreciate any comments about the below possible trade, to further my education.
I can't see any real issues but sometimes you can't see the Forest for the Trees....

AUD/CAD BUOB on the D1. I have also posted the H4 for a clearer picture of possible support between the Fib 50 and 61 points.

...and another possible
SGD/JPY D1 BUOB

Good job there Compton. Appreciate your feedback.

Edit: Thanks Robert. Congrat's on G/A trade.

EUR/USD H4 IB.

Hi Gb!
This pic a bit old... :-) I think u wanted to post the other one....
And congrats ur nice trades anyway! I think u have lots of fun!

Update my trades:
USDCHF - stoped out
GBPAUD - target reached

Hello Mike! Happy Birthday!! :-)

Hi Bill. Since you asked, for me I see greater probability trading long from a swing low rather than from where you are. Just my style. It may well go north. Though your post is a few hrs old now. Hope it's working/worked out friend. GB.

Happy bday Mike

Retrace entry after two bearish signals on AUGUSD.

Have all good weekend!!!

Unfortunatelly, can't say the same thing((( Again I'm moving directly to 30% loss)))
Guys, can you help me in this situation?
I decided to enter BEPB near strong S/R level on weekly & daily charts, under BRN, price reached previous box.
It didn't work)
Is it a bad luck or I missed something except trading against trend?)

A losing trade on EURGBP. I entered after bullish candle closing just below TL (yellow).
It broke up but bounced off the HL (orange) and formed pinbar. I was hoping this pin will fail because it did not close back below TL.

I think I should close it cause candle was not bullish or neutral at least given fact there was HL just above already tested. Better would be to have confluence with HL instead of be against.