james16 Chart Thread

yes, that one

cable following a super tight d1 channel .there is the major tl in the area not 100% where or even any good

with the aud its all about the open ,aud usd box would have to hold

Oh hi bones

I don't have BEOB on my chart (((( Good luck with your trades!

Thanks AS. You too friend.

XAU/USD H4 2 Bar high.

@Bones, are we still talking about that TL on aud/cad?

GBP/USD D1. Coming home for 200 pips. Ain't that cool. Nothing in it's way below previous support. Bam!



USD/CHF H4 PB Off 150 eme and closed above BRN. tight SL. worth a crack.

Audcad



eurusd

Hi all,

Is this a good idea that i took a long on this pair?

in my opinion it's ok because we have:
- nice box between blue lines
- BRN
- inside bar on bottom of box

what do you think about it?

Hi fxstart,
Firstly, i'm not an experienced currency trader yet but here's my take on this pair....
I'm not sure that you are trading in a box there (see my chart below). It sort of kind of is but not really and therefore for me it would have to touch the top of your box again at least once more but preferably a few more times before i would draw a box.
You are certainly trading off of support though and this pair could head north for you to the 0.68 area but i feel uncertain about it. I am watching this pair for a BO below the support line OR if it gets to 0.68, a short from there. I feel there's more momentum to the downside.

@GB, yes i bought into GBP/USD but i did it with a heavy heart as i thought you must have either been stopped out or were simply down quite a few pips at that stage. Really glad to see you well in front now! I'm out of it now with some pips in my sky rocket but i'm battling with a psychological problem at the moment which is i'm not trusting my analysis enough - i'm not seeing my trades through to my profit target areas - and as a result i'm missing out on some serious profit. At the moment, when i'm up 30, 50, 60 pips profit i start to "see" all these walls come up stopping my trades from progressing. So then i place a trailing stop, get stopped out shortly thereafter, only to see later my trades had calmly moved to my original and full T/P. There was no wall, just me inventing one. Don't get me wrong, i'm grateful for the profit but when it's day after day of my trades only realizing a third of what could have been, it gets a bit frustrating. With my shares i look at my trades 3 times a week but with fx it's 3 times an hour! A completely new way of trading for me and i'm learning fast!
So GB, sorry for the long post but it's been good to 'vent' about my psychological issue. Same time next week Doc?


Here's that chart fxstart.

Sell limit order placed for AUD/JPY. BEOB in downtrend bouncing off resistance with a RR of 1:4 to the first major trouble area. Travelling a bit sideways at the moment but as long as it stays below the T/L, i'm ok with that.
Thoughts anyone?

EDIT: Upon further analysis, i have removed my order due to the fact that a wedge of sorts may be forming (similar to the CHF/JPY chart below). Price could BO up or down... or just continue sideways, so i will wait for the BO then decide what to do.

EDIT2: Glad i passed on this. Not much of a BEOB anyway.

Thanks Bill, yes same chair next week. lol. I was trying a diff approach with that G/U trade. Usually I would wait for a retrace which often happens on those big bars and i was correct, but I was friggin around with some S/R theories. Anyway, I got in at a better price in the end! re exiting trades early, I suppose it ain't a bad problem to have if your trades are at least moving your way. 30 pips profit is nothing to sneeze at, but I get what ur saying.

Cheers Medved!

Welcome FX start. I can't see a J16 set-up on ur D1 chart, although you are trading off a PPZ and EMA plus an event area where price went north before, so may work out. But looks like you're trading into a BRN 0.66000 and some congestion to your left. If price can push through that zone, u might be good for a few pips. Hope it works/has worked out for you. GB.

Hi Heaven,

This how i view the chart, I am not say, this is right and should going to work,becoz I am in learning boat.. If I am wrong, let me know, will correct myself..

The TL should have minimum 3 touches and how it was relative to current price.



Adhav

How low is Oil going? Mike? Jim? Anyone?....

hem...
down?

There may be any sort of fundamental reason for "technical gains" on a short term basis (as far as I can hear in the news )

I was actually looking for any sort of excuse to enter short: I had the previous day's low labeled on my chart (brown line) - did not enter (always a bit cautious for touch trading) since I was waiting for either a lower time frame PA or clear rejection of the level but wasn't available at that moment.

its not wrong actually a good chart

@Advan, now I see how you did it. It looks different on my chart and I wasn't able to see the 3rd point in your first image.

happy trading!

OIL/USD D1 Possible scenario?

US Oil Futures 1 hr chart