I have placed a sell order below the pin several pips down. However, consider what your understanding of confluence really is. 1) You've drawn your fib backwards (should be drawn from the high down to the low, not from the previous low to the high). ...

james16 Chart Thread

Pivots — To show how well price pizot zones coincide with floor pivot levels: (all the ppzs I've listed are drawn by me, and may differ from your charts) (monthly pivots are for august, weekly pivots are for this coming week) * = VERY STRONG ...

james16 Chart Thread

It is very much active. Jim just posted a video last week as a matter of fact, and he will be posting another this coming weekend. He and the other members are dedicated to keep things fresh and updated--just this past week Jim polled us and took ...

james16 Chart Thread

Not a recommendation at all, but the current price (1.3670) is at the level of the peak in April, as well as right at the monthly pivot. Of course, price will do one of two things--reverse at this pivotal zone eventually, or go right on through. ...

Jacko's Forex House of Pleasure and Pain

If there's one thing I've learned recently from Demark, it's that channels and trendlines are by and large very subjective and thus unreliable for analysis by the masses. You and others may have a good feel for drawn trendlines that price finds s/r ...

james16 Chart Thread

These are drawn by hand. An indicator which could get even three trades like that in a row in real time consistently would be worth it's weight in gold (i.e., no such thing exists). This thread is about (or at least is supposed to be about) MMAs, ...

The Ultimate Guppy Multiple Moving Average (GMMA) Thread

Thanks for the words mike. I will take this into consideration--fortunately I have at least a year to worry (or rather, not worry lol) about it!

Josh's Journal (JoshDance)

mike and tdion, You bring up very valid points. How much would you recommend starting with? To me, losing $5K would be as emotionally devestating as losing $50K. At any rate, I don't have the money now as I plan to sell an investment property in the ...

Josh's Journal (JoshDance)

Trade 034 — AUDUSD Long @ 0.8404 | SL 0.8375 | TP 0.8462 Rationale: This is a very small risk trade--only a 30 pip stop and a total risk of 0.3% of my equity. Basically, I just caught this 61.8% fib retracement on a nice steady uptrend, waited ...

Josh's Journal (JoshDance)

Wow, how do you see anything with all that? :-) On a slightly unrelated note, the "super signals" indicator as well as SHI you refer to are absolutely worthless in real time as they repaint (notice how all the arrows in the past appear at exactly ...

Guppy's Multi-Moving Average (GMMA)

I've got the Guppy computer video CD that he published. It was very helpful in my understanding of different ways to interpret and use GMMAs (also, I'm using hull MA periods of 3,5,7,9,11,13 / 21,24,27,30,33,36). If anyone's interested, just PM me, ...

Guppy's Multi-Moving Average (GMMA)

Tiki, the bar prior to that one was a BUOB. I went long on that and took some profit out. A BUOB tells us that the bears won out shortly, pushing the low below the previous day, but that the bulls pushed strongly forward and beat the high of the ...

james16 Chart Thread

Do you feel strongly enough about this opinion to risk a large amount on a trade? Be careful about saying what the market is "going to" do... what it "should" do... etc. You may be right at times, but that's how people blow their accounts--they ...

james16 Chart Thread

Trades 030 - 033 results, and "letting profits run" — All of these were winning trades. I've taken partial profits, and moved all stops to breakeven. There is some debate about this methodology (taking partial profits), and while the ...

Josh's Journal (JoshDance)

Account — I decided to open a new standard account (as opposed to my previous mini account) to better reflect the state of things when I will begin trading with real money down the road. I simply will not start with $3K. As Dr. Elder says in ...

Josh's Journal (JoshDance)

Not that any of that makes much sense (economy is "running according to the rules" ... ) , but.. okay. :-)

Jacko's Forex House of Pleasure and Pain

Trade 033 — GBPJPY Long @ 229.65 | SL 227.55 | TP 233.50 Rationale: Yesterday's bar was a BUB break north of an IB.

Josh's Journal (JoshDance)

Trade 032 — EURJPY Long @ 156.44 | SL 154.83 | TP 159.65 Rationale: Yesterday was a BUOB off an IB. Target just below the next PPZ north.

Josh's Journal (JoshDance)

Trade 031 — EURUSD Long @ 1.3540 | SL 1.3439 | TP 1.3630 Rationale: Big BUOB yesterday, which closed slightly above the closing price three days ago. Target is below a minor PPZ.

Josh's Journal (JoshDance)

Trade 030 — AUDUSD Long @ 0.8113 | SL 0.7987 | TP 0.8320 Rationale: Break above an I3B cluster. Target is below the next major PPZ north.

Josh's Journal (JoshDance)