still got my eye on AUD/USD BEOB, any thoughts??
Shortly south on daily chart thereās resistance from the old trendline connecting the nov, jan and march highs. Thereās also a bit of traffic down there that price will have to chop through to get anywhere much.
I do agree that the BEOB is beautiful, Iām just not that happy with its location.
o990l6mh, i agree itās not ideal. I think iāll place a short order just below the low of the BEOB and see if i canāt collect a few pips. If it fills iāll manage it closely incase itās short lived!
AUDJPY H1 chart. see the double bottom and also M pattern. taking long here for a 1:2 RRR. quick trade with 30 pips sl, 60 pips tp
Hey guys,
I took AUD/JPY for a scalp down to 85.00, got in at 85.50, S/L 86.10.
The AUD/USD BEOB looks nice too but shame about the location and correlation with JPY
On a side note - talk about pushy people, they chased me up and down the internet cables to get my name and email. Ha, Iām not that easy guys . Thatās something theyāll get only when I decide to open a live account with them.
Pushy is not the word. The demo account is only available for 2 weeks without a live account and if you give them your real phone number (required for demo) expect a lot of calls.
Good platform though.
Looks like you guyās were right on the AUD/USD BEOB, i did get my sell order filled and currently -14 pips! Luckily itās on demo, thatās what demoās are for right - making mistakes!!!
Appreciate the comments last night, can only make me better
yep, weāre all here to learn!
Got stopped out of AUD/JPY very quickly, not quite sure what happened there but itās forming a nice pin bar now. As are USD/JPY and AUD/USD
Hmmmā¦ :rolleyes:
Of the 3 I like AUD/JPY most because the USD/JPY pin looks a bit odd and has quite strong resistance just above it at 93.50
AUD/USD has BRN 0.9300 to breach and the pin could be longer
AUD/JPY has bounced off a BRN already and FTA looks around the 86.80 area and it could go up to 87.00. Bit of recent traffic but before that lots of space.
AUD/JPY T/P hit, small stop - large position to make it 2% risk - nice scalp 
Currently in:
AUD/NZD - S/L @ B/E + 20, T/P 1.3100
GBP/USD - just entered after yesterdayās IBP (if it qualifies!). Entry 1.5423, S/L 1.5340, T/P 1.5480
Iām noticing the number 80 is a common stalling area along with 00 and 50. I wonder why 
AUD/NZD T/P hit
GBP/USD is flapping around B/E, might close it out wherever it is before the news comes out today if I havenāt moved S/L to B/E by then.
Got a short checklist Iām going to start using to evaluating setups. When a PA bar shows up:
- Check location
- Check traffic/space
- check higher T/F
- Check FTA
- Check R:R
- Check COT
- Check upcoming news for the following day
Cable stopped out at B/E, quite glad to be out of that - that currency pair is so neurotic, especially with all these politicians spouting any kind of crazy nonsense to try and win the electionā¦
Gonna sit on profits until tonight/tomorrow am
ddinnov,
Your check list will be useful, thanks.
Can i get your opinion on the EUR?GBP, on my feed i had a DBLHC set up on the daily chart. I couldnt see any major traffic and after the recent PB i felt it was a good signal for a long continuation. I set a buy stop order just above the close of yesterdays candle in anticipation of a break. It didnt happen and i have now cancelled the order.
Just after your take on this?
Cheers
just looking at it maybe it was something to do with the recent gap???
yeah large gaps definitely causes issues man
It looks like it should have been a nice trade on my feed (GFT). This is my first major gap so Iām not used to them. Iād say that in a non gap situation that looks like a nice set up.
I havenāt been looking for double/triple highs/lows. Will start to now.
me either, this just stood out!
i have probably asked you this before! How many pairs do you monitor and do you just take signals on the daily / weekly charts? Been looking today at the lower time frames but am worried about trading noise.
Early thoughts for tomorrows tradesā¦
USD/JPY IPB forming after yesterdays PB - Possible confirmation of a break down? just crossing the 365 ema now which could act as support, best to wait for further PA confirmation i think
EUR/CHF Possible inside bullish bar forming, maybe a break long - currently price is aroung the daily and monthly pivots so would want a close above this level (1.4364ish) before entry
These are just early observations and I will review later nearer the daily close.
Iām staying away from inside bars for now. Will look at the other one later.
After saying I wouldnāt take any more trades today I just had to go and look at some commodities on the 4H timeframe. I then went and put on a short gold position after seeing an IPB and completely failed to check the checklist I put up earlier. Only just managed to exit at B/E :o
Whoever it was who said the market is neutral itās [B]you[/B] (me) who makes it difficult was right on the moneyā¦
i know exactly what you mean!
I donāt fully understand IPBās yet, can you shed any light?
Just been looking at some gold and silver charts on ig index but the charts are not great, do you trade these with gft? Am i right when i say james16 like to trade gold and silver:D
For demo charts FXPro is a pretty ok choice. Lots of instruments