Yea, it's a shame, here I was thinking it'd make a good re-entry into what might become a weekly BEOB and now it's a daily bullish pin bar almost. What's up with this market :/ Shame, I really don't love getting stopped / having to close for some ...

james16 Chart Thread

Hi guys...basically looks great that GJ setup....just a bit messy, all this yen action lately... USDJPY drop reversed for 100 pips after that NFP, then hit the .618 retracement and made a bearish pin bar....usually if USDJPY goes down, the crosses ...

james16 Chart Thread

Closed USDCHF long I had from earlier for +79. Spent some cash messing around before that since I didn't stick with my own rules >>> it's the same direction until there's a clear sign of a reversal (PB/BUOB/DBLHC etc). Also I went against my better ...

Cable Update (GBPUSD)

Hey Bluefish, thanks. Just annoyed because every time it seems I'm past the "too afraid to press the trigger" phase then the trade management itself seems be an issue.... The irony usually is that my orders are good stuff but often my manual ...

james16 Chart Thread

Have a 4h one on my timezone. I'm totally lacking faith in anything today however since I already got burnt and burnt again. Also down on spirits after seeing EJ and USDJPY run 100-200 pips after I left em for 10 and 20...how silly was that? Also ...

james16 Chart Thread

Crosses, eh? I was hoping EJ would pin, but it didn't, only GBPJPY did. 61.8% and a creative trendline and rough s/r zone. If USDJPY goes back up or holds as cable rises that'd do it But I don't trust the way the market 'feels' at the moment, ...

james16 Chart Thread

Also I believe OANDA uses 3h candles instead of 4h, so no idea how that works. Was curious what you guys think about this 1H pin on EURUSD since I'm lacking real confluence other than a general s/r zone there... Anyone have some thoughts on this?

james16 Chart Thread

No it's the BEOB I posted twice now BEOB / BEOVB : bearish outside bar, bearish engulfing candle (engulfing=>overlaps the prior candle fully, above and below, close lower than low of prior candle)

james16 Chart Thread

Just wanted to post this as a lesson to stay in trades (I bailed without making too much of a profit, let alone enough to warrant the stop I had used. Got spooked by that 38.2% bounce that looked like a BUOB or something). EJ BEOB, ran 140 pips ...

james16 Chart Thread

Btw, I want to emphasize that I am 1. a beginner still and 2. not giving ANY recommendations or advice on how to trade (enter trades, exit trades or manage your positions, etc). Any views and opinions expressed by the author are solely his own. The ...

Cable Update (GBPUSD)

And to show the bigger pic of where that 15M hit its head against Not saying this is now a 100% chance that we will go under 1.9400, but I think it's due in the short to medium term as the market "wants" it But we will see. Looking too far ahead ...

Cable Update (GBPUSD)

EURUSD and USDCHF 2-3 pips from their highs/lows but cable almost 40....can someone tell the folks that the euro isn't THAT horrible a currency and that they can please push EURGBP back up and not down so far? Thanks

Cable Update (GBPUSD)

GBPJPY just made a 1h pin bar into support. Just a heads up for anyone short GBPJPY. 1H isn't the strongest of anything, but if 100 pips weren't a good enough cue to take partial profit, this should be

Cable Update (GBPUSD)

Thanks I bailed my EJ short too soon, it is now over 65 pips down, I closed at 25...ach well, better safe than sorry But cable I am keeping, I don't see any signs of reversal at 1.9408 just yet and I don't think the bears are full yet after ...

james16 Chart Thread

If Gold closes below the trendline it should be descending further. Traditional understanding is higher gold = weaker dollar and vice versa. So far it's making a bounce and that's currently coinciding with cable pausing it's descent No visible ...

Cable Update (GBPUSD)

I have no idea where it will go Currently 1.9408 is support, but since EURUSD targets and GBPUSD targets line up with more dollar strength I simply will wait and see what happens. Early entry + stops at break even = eternal patience. I marked the ...

Cable Update (GBPUSD)

Nearing first target of 1.9355 now. Gold is now sitting right on its trendline, if that goes things will get really fun.

Cable Update (GBPUSD)

As posted here

Cable Update (GBPUSD)

Majors down, usdjpy same => crosses lower. Normal behavior and just what I meant with my post yesterday about the crosses and USD pairs not all being 100% correlated unlike one would think. See this a lot with nippy. Check out the james16 thread, ...

Cable Update (GBPUSD)

Found us a valid short reason for cable on the 15M after some searching...phew! Was right near 1.9535 s/r (this much isn't curve fitting) and there was a 15M DBHLC (also true!) and that meant sell! Hah! Found one Just wasn't awake at 5:45 so I ...

james16 Chart Thread