GBPJPY is more riskier to short and has worse spread, I stayed out, but here's the pic for it.

james16 Chart Thread

Here's the trade big picture for targets. Waiting to see the "real" 38.2% correction, let's see if we can't make it to there...personally I hope we can go low enough before the news spike it all to hell....as you can see there's both a mouteki / TDM ...

james16 Chart Thread

This move currently is still EURGBP driven, but I hope euro and swissy will join in on dollar buying... Been short since 1.9495 (woke up too late) on double day down logic and early entry into the BEOB break lower.

Cable Update (GBPUSD)

Sold cable. Hoping for a double day down and break lower of the BEOB. Don't think this can just splurge down like this and break trendlines and IBs without going a bit....we'll see. GBPJPY is also lower than it's BEOB and AUDUSD's 1h pin (which ...

james16 Chart Thread

Hi CFII, I'm no senior, but in general there's two ways to go about it - go in on a potential small retrace and get a smaller stop and a few more pips or enter on a break one or more pips lower. Considering feeds usually aren't THAT precise it ...

james16 Chart Thread

As seen on James16 thread. 4h also seems to have formed a sort of pin bar. But euro and swissy aren't 100% as convincing. However usdjpy pinned bearish, so hey, we might get a bit of a move back. Normal entry would be on either a retrace or when it ...

Cable Update (GBPUSD)

Ok, another setup, this time confirming the EJ which is already working out fine so far. Pin Bar on USDJPY, if this drops then EJ should drop a bit, too. Waiting for retrace to enter near left eye(s) level. I'm cautious since this is a counter-trend ...

james16 Chart Thread

Here's some serious questions, these are not for answering per se, but to think about: Have you(anyone) done more than 3 trades on cable today? If so, why? Do you think you got more (actual, not levered/multiplied by stake) pips out of it than a ...

Cable Update (GBPUSD)

Oh and I JUST saw this.... Could this be true? 3x BEOB in one day? Can the markets be this crazy? Let's find out

james16 Chart Thread

Hm 30 second wait Same setup situation on EURUSD 1h -> pin bar when cable made the BEOB. Can you BELIEVE this descent? Seems the fireworks came for FX, too....wow. Americans really making up for their lost time today, aren't they?

james16 Chart Thread

Dito

james16 Chart Thread

Also posted this in the cable thread, but it really belongs here:

james16 Chart Thread

Here's a nice 4h setup for GJ. But I've stopped taking short GJ trades, too darn dangerous. Not worth the 10 pip spread here, cable is MUCH MUCH nicer for up and down trading. As seen today.

Cable Update (GBPUSD)

Second downleg was another BEOB. Boy, they just keep on coming. Since I was unable to monitor it, I simply took it on demo. Easy 70 demo pips Next time someone tell me to take it on my real account if it's such a good signal lineup....but news ...

Cable Update (GBPUSD)

Hi, please don't take this the wrong way but: anyone taking "calls" that aren't any (it's a JOURNAL, and experimental, at that) and even more important, that he doesn't know the logic behind should be ready to get burnt. It's funny that this happens ...

Low Risk, High Reward Trading Experiment

Heya Habeeb! Great call last night! Yes, caught the BEOB/DBHLC on cable, made 70 pips You're simply amazing! =) Keep it up! Attaching a nicer version of the setup I posted over in the cable thread. Best wishes, SeekingLight P.S. minor typo on ...

james16 Chart Thread

Btw, I find it amazing nobody remembered back to before xmas where at the SAME PRICE the SAME SETUP occured. Same BEOB, same high, it even hit the same 1.9620 s/r zone. I mean, come on, this was a late xmas gift, no?

Cable Update (GBPUSD)

Thanks for coming through guys, came back from shopping and saw it closed for +70. Great job! EURUSD short still on for a run to see how far it goes, but cable outdid it by twice as much already, so it's just bonus material now Hope you guys are ...

Cable Update (GBPUSD)

Coolies, me too Targetting 38.2% of the big swing, expecting some s/r at 1.9660... if it goes though it should go...we will see. Need to get some shopping done, someone tell the bank of china to buy back some dollars, thanks

Cable Update (GBPUSD)

In an idle market this statement is problematic. You can see decoupling of a lot of pairs simply through crosses. NZDAUD even though I don't have it on my charts atm seems to have been responsible for a simultaneous AUDUSD rise yesterday while ...

Cable Update (GBPUSD)