Hehe sounds like someone has been watching movies: "Greed is good" Anyway, wanted to attach the EURUSD trendline I meant...either it breaks the EURUSD trendline and goes to the cable one, or EURUSD holds and EURGBP offset compensates, is what I'm ...

james16 Chart Thread

Hi, without wanting to deny either the BEOB or the fact that cable is thoroughly overstretched - seemingly, we've been down this road for 1000 pips before - but just yesterday Habeeb said he's looking for a place to go long as Gold pinned. Now it ...

james16 Chart Thread

Hi! Since Habeeb mentioned GBPJPY can be quite a meanie, I wanted to show the last two trades I took on it. Turns out the first one was an excellent (perhaps A?) trade, but I closed it early and the second one happened today and once again I wussed ...

james16 Chart Thread

Hi Panjan, I don't trade USDCAD, it's too oil correlated for me, but it looks like a bullish outside (vertical) bar / bullish engulfing candle to me. I'd recommend looking for nearby zones of resistance that will turn into support once you are above ...

james16 Chart Thread

Hi itme, I'm just curious, as you had already revised this trade once before and I am currently seeing things I hadn't noticed before as well that might correlate with EJ pausing....what I mean to say is, I am currently a bit worried GBPJPY might ...

Low Risk, High Reward Trading Experiment

Hi. Today is going to have a reduced version, for two reasons. One is - I am starting to realize that analysis will not replace the actual trading. It does help to give a general frame of reference, but the actual daily trades and trading reactions ...

outlook for price action

Hi, I don't know what James' take is on this, but the optimum is identical lows, since it is like the name says: double low - then a higher close. Personally - and keep in mind I am but a beginner - I find that if you have a reason to believe that ...

james16 Chart Thread

Hi again, sorry to clog this up, but.. Since I just read this and had to shake my head, I'd like to illustrate what I mean. USDJPY was rising ever since it made a doji on the 12th, not once making a new low after that. Instead it made higher lows. ...

Trading the NFP this friday

Hi Sky, reason I closed my position is that my broker doesn't have a trailing stop feature, I used the smallest stake allowed (else I would have taken 50% off and let it run, stop was already at break even) and I was originally only expecting a ...

Trading the NFP this friday

Why is everyone always desperate for reasons? Just trade people, trade! Price is on your charts, telling you what it's doing and where it's going, why do you ask for CNBC and newswires to tell you instead of your chart? Who shows it first? To me ...

Trading the NFP this friday

I closed my EURUSD short from 1.3325 after 20 pips, someone slap me please.... :S

Trading the NFP this friday

Congrats Merlin, Moe and Devil! (do I have to worship satan to make these amounts of pips? I'll grow horns right away, I promise!) Really great going For anyone interested in a potential Price Action way of guessing where things are headed - the ...

Trading the NFP this friday

Hi hk334, if you mean the subscription to the Private Forum / James16 group, then I think it would be a good idea to send an Email to James or Charles directly with "Cancellation of my subscription" or similiar in the email subject. You should have ...

james16 Chart Thread

Hi itme, I was referencing price action based trading like in some of my prior posts, in this particular case the pin bar which can be pretty powerful. There are more details in James' public thread as mentioned before as well Best wishes, ...

Low Risk, High Reward Trading Experiment

Hiya =) Sounds good to me, the monthly pin bars left eye's high is at 1.5965 roughly and if the pin works out we should kick off from thereabouts 1.5958-1.5962 seems a spot with resistance, 1.5970 tops one would hope... I am happy to see that all ...

Low Risk, High Reward Trading Experiment

Hi, I don't think I will be making an extra FXNotes for this week/month. All around are simply bullish/bearish bars for anything, really. One exception is AUDUSD (pin bar) and Gold, so we might be seeing first signs of exhaustion from this rally the ...

outlook for price action

Hi Mike, seems the tops are identical at least on my charts, so I would think the second bar would not be an inside bar (as high/low aren't < prior bar) but form a two bar high with the other daily bar? => you could buy a break higher. Not sure if ...

james16 Chart Thread

Hi. Go to daily, look at your chart history, be enlightened History repeats itself Had 1.9450 myself, not 1.9460 as I found that more conservative and likely. I don't use EW however. Hope this isn't interrupting. Best regards, SeekingLight

Low Risk, High Reward Trading Experiment

Hi Bundyraider Like I tried to say, it also means you can't just pack up and leave without paying a tribute to them as well. I.e. if they turn out to be someone you don't want to be trading with and have a small account then you're losing a good ...

Big Boys DID IT AGAIN