TL bounces, like I said, good for a quick 15-20 pips at times, if you're lucky they can restart moves

Cable Update (GBPUSD)

I'm watching Price near 1.9600 GBPUSD and 1.3165 EURUSD if we should drop that low again...might not even get there though....if we do, that's what I'm looking for to hold&turn around That descending TL I posted is currently holding price up ...

Cable Update (GBPUSD)

If this turns out like I'm starting to fear then it's going to be near 1.9800 instead of 1.9500 soon... (Last good eurusd buy zone for cable 1.9555, 1.3140 accordingly for eurusd... head and shoulders, 61.8% retrace, then takeoff) Had to leave my ...

Cable Update (GBPUSD)

Current GBPUSD wavering is coming solely from EURGBP imho, but you can also blame a former TL....all these short term TL hits are good for a quick 15-20 if you're into that sort of thing As long as the dollar folks are passive the EURGBP deal ...

Cable Update (GBPUSD)

Hi. Please don't take the following as offense, but - this sort of mindset isn't going to get you very far if you're taking that sort of thing seriously. The market in and of itself is a neutral entity. It gives clues from time to time as to where ...

Cable Update (GBPUSD)

Which, go for more or for less pips? As can be seen in some charts he has trailed bigger trades for weeks and pips are accordingly. I would say his thread is more about the setups of PA than any money management advice. That's a bit more Fijis ...

Cable Update (GBPUSD)

See here....the higher one is coming down from the original high back when...before this correction.

Cable Update (GBPUSD)

Hi! Cable has made a bullish engulfing candle on 1h, then hit a descending TL from the prior 2 tops. Pushed it down 20 pips, but not enough to get past the engulfer yet. Action today is fast and fatal but general bias is short dollar on the majors ...

Cable Update (GBPUSD)

It is? Sorry if I'm a bit thick currently, but for me there's just the same thing in green on there if you ask me, temporary pinlike thing now, but really coming down from another on daily...it's all wiggedywhack

james16 Chart Thread

And finally, a question for Habeeb and the other more experienced folks... Habeeb always says think of a PB like a compressed Head and Shoulders... So, we just had one, the USDCHF example was posted here, too. Now the EURUSD had pretty much the same ...

james16 Chart Thread

Hi Arnas, I have no idea as that formation isn't part of Jame's Price Action to the best of my knowledge. Have no experience with flags other than seeing them hanging around poles and windows at times But since I am STILL bored, I just wanted to ...

james16 Chart Thread

Looks like that was a good call. One coulda bought that 61.8% touch for a quick 60! Almost sad to see the almost same move happen in 2 hours that you waited 7 hours for Since I'm always bored when out of a position, I made a nice 1h overview of ...

james16 Chart Thread

Just left my 1.9689 short after +104. 1h PA at the low(pivot+61.8%+EMA) scared me too much (looks like a very bad pin bar) and the last time we ended up with a rise of 290+ pips, so I'd rather book what I have I'm still miffed that my USDJPY long ...

james16 Chart Thread

Hi, without wanting to distract too much and go off topic too far, but... seeing this 4h action I was strongly reminded of a daily pattern, I looked back and compared the two.....back then the result was a strong rise from the 50% of the last drop ...

james16 Chart Thread

Also short from 1.9689 =) But already scared of those nasty support lines etc

james16 Chart Thread

Holy moly, GJ just dropped down 90 pips from that retrace entry and also went under the pin in a snap.....and look at EJ .....omg Did you get in Bundy? (Hey, this also reminds me of Al...)

james16 Chart Thread

Hehe, no prob. I'm afraid those charts are just for illustration, the stuff I have is still cluttered Just wanted to share another observation since Bundyraider (Bunnyraider really WOULD be funnier, although I doubt Hugh Hefner would appreciate ...

james16 Chart Thread

Speaking of 4h, I am watching to see if EJ will follow GJ suit. GJ pins seem to work like this: make the PB, make an IB the next day, break both to confirm reversal....I for one have placed orders under the pin, eve n though it's pretty hard to ...

james16 Chart Thread

Like this?

james16 Chart Thread

How about 1.9700-1.9720? ;D I made a mini-TL The lows at the 61.8% start at 1.9700 and the middle is around 1.9715 of the struggling IB, also it's just under the low of one 4h bar at the top... Or maybe that 38.2% will cap us if it's a heavy ...

james16 Chart Thread