Irish...big moving averages are used by traders to find out "where they are". I.e. they are AVERAGES of the recent price. So if we stay above the AVERAGE, obviously you have to be making HIGHER prices. If we go lower, the price has to be lower than ...

Cable Update (GBPUSD)

I can offer three more charts I found on the james thread and I save all of the gifs I create locally, too...but I don't label well, have about half a dozen saying either "NFP" or "news" and they all do the same thing, illustrate what I was trying ...

Cable Update (GBPUSD)

Of course that's true, funds etc pp all think that if someone says hike or no more hikes they can latch on a few months and ride a trend etc....they fall prey to the same logic But the only thing that's relevant to be able to trade is that there ...

Cable Update (GBPUSD)

Which is why Plato drank tea and the word democracy stems from demons going crazy! Demons go crazy, democracy Sounds about right

Cable Update (GBPUSD)

Since we're posting bar charts, I thought I might throw in a good example of PA and retrace entries at work... Made this since people over in the cable thread still believe the market moves by the law of news releases and not on PA setups I ...

james16 Chart Thread

Now I don't know why PA shouldn't count if it accurately reflects market reality most of the time Ok, here a simple chart illustration, let's just pretend there was no such thing as news for a few moments. 2 simple TA basic ideas + "something ...

Cable Update (GBPUSD)

Hi xrbor, I agree basically with Mike. Also what he said about James using bars is true. I started with candles, too, then switched to bars and realized they helped me see things better after a while. I still occasionally toggle when I want to look ...

james16 Chart Thread

IMHO TA sets the bounds and reasons, news and fun stuff gives bloomberg an excuse to exist Or: TA builds the house, lays the red carpet and the news is just the red ribbon cut so things can move again after the wait =) Sure, if Trichet were to ...

Cable Update (GBPUSD)

Of course, news & fundamentals and not technicals move the market or set the bounds... Or in othe words: does this chart need to have red news in it to be valid? Would knowing there were news or not change what's on the chart? Trendline breach, ...

Cable Update (GBPUSD)

Well let's look on back at the "normal" view, and tadah... P.S. I think I named all the gifs cable_ but really it's GJ Was still caught up in the cable drop moment when naming the charts

james16 Chart Thread

So ok, what works on 1h must work on 4h, right? But, there's a bit of a discrepancy...

james16 Chart Thread

Since people keep going on about fundamentals - which I DON'T think are fun - I just want to present an alternative view to the "news move".... The TA version First the 1h in lines on GJ

james16 Chart Thread

Or it was a retrace to the .618 of the prior drop, which also lined up with an abc projection and made a 15m doji at the top, which allowed for a 15 pip stop tester-trade. But that'd be making it too simple

Cable Update (GBPUSD)

Hey Steve Without wanting to be intrusive, but if you open a USDCHF long because you feel it will rise (and it did, so far) and you had EURUSD in a positive position...why did you let it close for -11 instead of just closing it for + ? ...

Steviet's Live Trades!

USDCHF at the same time

james16 Chart Thread

Hey Mike, are you a collector of my art? Morning all, just going to post some early stuff to kick off the week... Dollar still trying to figure out what it wants to do...Gold is reaching the sky as it seems the dollar is undecided what it wants ...

james16 Chart Thread

Ok so since my last post didn't have a chart here's one chart with two setups, hows that? Possible USDCHF long trades on 1h. The .618 I refer to is the one from the low of the 2x1h PB to the last high made before the retrace down. Also once ...

james16 Chart Thread

Hey Mike, congrats on the catch! What a nice one that was I bet it was to make up for waiting and being .... VIGILANT...all week Maybe you should hook up with Trichet, kindred spirits and all If the daily goes properly GJ should see 235.80 ...

james16 Chart Thread

EURGBP.

Cable Update (GBPUSD)

The one single trade you should have made on GMT time this morning.

Cable Update (GBPUSD)