Islander, it was just a wave within a wave anyhow...to tease some of the scalper folks (nonsense imho). The real ABC off the low would have it's FE 100 at 1.9670, FE 161.8% at 1.9718. Basically if you are assuming that that was the end of a wave 2 ...

Daily Cable Analysis

Saw this earlier

Daily Cable Analysis

More fog of FX war on cable

james16 Chart Thread

Here's a picture that should show what's wrong with the current market and why nothing seems to work.... Conflict. VERY annoying. After running quite nicely giving back a lot to the market. First USDCHF daily for illustration.

james16 Chart Thread

Heyo, thought I best answer over here Sounds very similiar to my plan. I know it currently looks like things might be a bit in a rut, but actually we may well be moving again... don't let the whiplashing and to-and-fro get to you, I believe that ...

Steviet's Live Trades!

I don't know if you bailed or held on Mike, I entered the Kiwi trade on this 1h pin. I think we're currently at a great place for our enemies to go short - if we can break on through to the other side (*cue music here*) then we might be good to go ...

james16 Chart Thread

Yea, does it sound familiar to you? I really would like to see what can be done with this, just for a basic "proof of principle" like I said....maybe we can show there's really no need for anything other than price and patience, even in a ...

Could someone code me a very simple EA?

Mille Grazie, but could it be that the stop isn't moved? I modelled it just now and it appears to be placing the stop one day too far behind and then not readjusting the stop to the last closed daily bar? Perhaps the IF for the controlling of the ...

Could someone code me a very simple EA?

You also still trying to fit this one onto cable? I'm still short, too... The fact that the a down went to roughly the Wave 4 low was a good sign I guess, what I'm not so sure about is whether that b is already firmly in place or not....well, we'll ...

Daily Cable Analysis

Hey Mike, thanks again. Yes, basically that's what I'm realizing, too....take less trades, hold em longer, if there's "need" to take intraday trades then trade in the current direction and just add to the trade on pullbacks for example... I'm going ...

james16 Chart Thread

Not short on the weekly, but went short post-NFP...currently a coin toss is as good as anything for direction, there's just no real clarity imho. Attaching chart why... We just hit the rising TL again and roughly the retrace of the pre-NFP daily PB, ...

james16 Chart Thread

Closeup of the entry area, got in at the BEOB even though it was "against" the daily PB long...but we had also had one short, and 4h/1h looked short, too, plus my ABC off the high theory said so, too..

james16 Chart Thread

Facing a big moral dilemma here....I'm in a very well working EJ short, but we've just begun hitting on s/r and EJ has made over 130 pips today, a bit over it's average in the last few days.... If I exit and we don't much bounce, I miss a chance of ...

james16 Chart Thread

Hi Andrew, there's no rush, it's more a proof of concept study than anything, but if it turns out to be a working EA then anyone's free to use the idea Just want something I can use for the basis and then tinker with it a bit... Would be cool if ...

Could someone code me a very simple EA?

Possible reason for the current Kiwi decline, 2x1h PB into an s/r area, soon to reach the decision zone for whether the daily pin goes or blows...

james16 Chart Thread

Comes with metatrader 4, is called "average true range" and is found under indicators / oscillators. set period to 1 and you got your high-low.

Simple indicator: High-Low

Hi Turbo, not sure what you mean. Friday the FE 100 was hit, price rebounded a bit and made that pin. There wasn't a real retrace to the left eye level yet, which lies around 0.6794-0.6800, roughly the .618 and a bit....in my theory usually buyers ...

james16 Chart Thread

Well even if it fails it's all about risk/reward, no? I'm waiting to see whether we get a 1h or 4h setup near a fib retracement of the low of the PB to the last high and will check it out then. Cable just reached a .618, but isn't near an eye ...

james16 Chart Thread

Hi itme, hope you got through the weekend ok I just spotted a similiar setup on NZDUSD that I saw too late(ABC off the high with a normal FE 100 C) and should already be unfolding. Shame. I agree with USDCAD about to reach an extended C, ...

Low Risk, High Reward Trading Experiment