There goes my plan to limit my newbie questions to private comms then. 
Thanks for the thanksgiving wishes.
Thanks for the thanksgiving wishes.
james16 Chart Thread
- #139,862
- Nov 22, 2016 1:59pm Nov 22, 2016 1:59pm
- | Commercial User | Joined Aug 2006 | 12,004 Posts
There goes my plan to limit my newbie questions to private comms then.
i can always be reached via twitter or email fastest too
- #139,864
- Edited 4:26am Nov 24, 2016 2:52am | Edited 4:26am
- Joined May 2011 | Status: Trader | 1,265 Posts
{quote} Dear Guitarbloke, What do you think about the below scenario for buying opportunity: 1, For AUD/JPY set the level to 81.00 (BRN) 2, 81.00 was previous resistance and now after break out can be considered as support. 3, As classical trading technique teaches this setup is: breakout, retest and trend continuation 4, Also we have 3 last candles with almost same lows closing about the level 81.00 which is TPLHC setup in classic price action. 5, Another factor telling us that this zone is Buy zone rather than sell zone is the huge pin bar
Yes, i like it to buy. I got in at 83.00
AUD/USD D1 PB.
'Fail to plan, plan to fail'
Hi guys, its my first post here in this thread. I followed it for the last 80 pages, watched some of the videos and love it. Many thanks to all of you who help each other - especially mike. In my watchlist there are all the majors and minors (about 30 FX) my broker offers. Today I "discovered" USDSGD weekly chart, which touched the bottom of a triangle for the third time and rebounced at the RN 1.24, followed by a strong bullish candle. First target maybe about 125pips away at the first trouble area, second target at the upper side of the triangle....
This would have been a runner
but already with a profit
- #139,876
- Dec 1, 2016 6:59pm Dec 1, 2016 6:59pm
{quote} Hey George If there is an area to hold on this one it would be that midpoint of the smaller box we are in. So that would be the only way to really trade a beob like this that is stuck in so much traffic. I'm not a huge fan of these because you are coming of the major swing point that is the last point of buying. I think these you have to be more nimble with, quicker to take profit or cut out. Certainly not wrong , just more of a style thing Best Mike {image}
Thank you for your answer, I didn't take it, too risky. Is in much traffic as you said, it's boxing after the initial move down, there are better setups to come - patience.
Beautiful trade on SP500
