God, what a mess this week has been. It's times like these that really test your nerves and patience I guess.... Best time to step back and look at the bigger picture....here's USDCHF weekly. We see a clear dollar recovery and s/r spots we stopped ...

james16 Chart Thread

Ok, this should be my last post for that nippy thing Just wanted to point out that the middle of the two fibs is commonly a good retrace target. Not all the time, sometimes it barely gets to .618, but this is just something I noticed happening ...

james16 Chart Thread

Since Ghostpipper asked what I meant by the .618 / .786 fib retracement failure meaning the whole Pin usually fails, here's a chart of the 1H on the usdchf that shows where you could see signs of it failing even before the daily high was surpassed. ...

james16 Chart Thread

the PB

james16 Chart Thread

Hey Mike, please keep the monthly BUOB in mind and check out the 1H PB we just had before this move back up for the retrace....be careful here!

james16 Chart Thread

IMHO it's a bad sign if it moves much lower than the .618 / .786 fib retracement, too....if it moves past the pins low/high against the other side, it's pretty much failed. USDCHF already did, now just EURUSD needs to cave in and then the world's ...

james16 Chart Thread

My theory is that thanks to EURCHF rising 45 pips USDCHF got too darn distorted and just plain failed....it's odd, I always feel like this ALWAYS happens when _I_ try something obvious EJ long and USDJPY long I took are still AOK however, but at ...

james16 Chart Thread

Yay, James is still among us Congrats on getting 2000 posts Was wondering whether taking this USDCHF pin is going to be a good idea or not...I tried to curve fit it into a s/r as well as I could, any other opinions on this? EURUSD and GBPUSD ...

james16 Chart Thread

Sounds like James' Price action to me....

Daily Cable Analysis

Sometimes you get conflicting PA signals....first there was a sort of bearish PB on GBPJPY, then a BUOB, a bit after that a BEOB that only faked out 2-3 pips. I guess it's up to everyone themselves to figure out whether this is just an ignorable ...

james16 Chart Thread

Tiny-Trades on USDJPY 1h, good for 25-60 pips or so... Always, always, always WAIT FOR RETRACE

james16 Chart Thread

Sorry, bit late with this, but thought I should still post it... Worth at least 30-50 pips so far, even though it's almost ALL EURGBP based so far and not dollar selling per se...

james16 Chart Thread

Totally overlooked the 15M on usdjpy Mike, but closed out my shorts nonetheless as price bottomed and bounced too much. Not exactly gigantic profit, but oh well. Went long EJ on the retrace of the 1h BUOB, it's now looking to make a daily pin bar if ...

james16 Chart Thread

Try not to lose yourself in the small timeframes Price got caught by the trendline at 1.9260, went back to prior low support now turned resistance 1.9350 and hit its head on the trendline connecting the lows. We're now nearing a squeezout of this ...

Cable Update (GBPUSD)

Your count would make wave 5 bigger than 3, no? Now I have only the most basic idea about EW, but wouldn't the sizes make more sense like the attached chart? Also the extended wave 3 FE 161.8% lines up with the wave 3 end with this count and wave 4 ...

Daily Cable Analysis

Hi everyone... Seems Nippy took a heart and went down a little bit for me after all. At least something I of course immediately made up for it this morning by thinking I could short cable after a 15M pinbar at a trendline hit...got in a bit too ...

james16 Chart Thread

I'm afraid I don't drink, so I'll have to go to the milk bar instead Just wanted to point out how a retrace entry could have saved pips and maybe even made some already, even without much pin action... Still curious since we had a second ...

james16 Chart Thread

Next possible support line / interim step down for cable and the trendline currently holding price. If we pass the big 61.8% AND the 78.6% things are going to get VERY interesting indeed.....but let's not jump to conclusions here

Cable Update (GBPUSD)

Zoomed in so that you can see that trendline breaks are best taken as the trendline is retested to save on stop size and get more pips. Raczekfx would be proud This is also the best way to trade Mouteki in case anyone still remembers that, ahem.

Cable Update (GBPUSD)

No idea if anyone followed this, I did. Gold and the reaction did exactly what it was supposed to: moved below the trendline, gave a last gasp and then disappeared. This coincided with the drop we saw to 1.9350 and also to the next leg down during ...

Cable Update (GBPUSD)