Something obvious occurred to me earlier today, and I thought I'd share it just in case some others had not picked up the obvious as well. I remember from this thread or maybe his other that Mike says he pretty much ignores the 4-HR IBs. Well, ...

james16 Chart Thread

dltvn, I would say that the reason this particular DLHC was not very good was because its position was right below a strong R level. If it had broken above it, then off she goes! In fact, I would go so far as to say that a LONG run like this would ...

james16 Chart Thread

Fundamental, schmundamental. ;-) Most of us here may at least keep an eye out for news, but for the most part it's a passive interest, for me at least. For a while I was all over interest rates, gdps, etc, but after a while I realized that charts ...

james16 Chart Thread

Lol, and do you still have your Y2K emergency bunker stocked? :-) Either way, I either get 11 months of wealth, or it keeps going. Better than the alternative! lol

Is The Trend Really Your Friend?

Again, as someone replied earlier to you, we don't know. You don't know. Nobody knows. You and I and everyone else may all see different things. Think about this, seriously. What if I told you it was the top, and the pair would now trend down? Would ...

Jacko's Forex House of Pleasure and Pain

Lol, and then if it hits 1.45, will you try again? What you're just done is profess to know what will happen when price reaches a certain point. This is the biggest mistake you can make! You don't know! But I know that if a pair is at an all time ...

EURUSD

Lol, your emotions here and your impatience expressed earlier indicate you may in for a rough ride :-)

EURUSD

Fundamentals pointing down? Is the fact that the ECB is looking to raise interest rates and the US has no intention of doing so a fundamental pointing down to you?

EURUSD

Looks to be jumping the gun a bit to me to call this divergence already. If MACD shows a lower reading on the next 1 or 2 bars, then you've got your divergence... but look at that same chart on some of the past brief dips in macd when price kept ...

james16 Chart Thread

USDCAD 4-hr — Break of lower support.

james16 Chart Thread

I know it's been said before, but as I was browsing some of the very trending pairs (like NZDJPY, etc), I saw many pins against the trend direction that failed, because the direction of the trend is so steeply upwards. So while sometimes we may be ...

james16 Chart Thread

They can say all they want, but it won't mean anything! :-) Since it has been trending up, I see nothing to indicate it will change--so if I had to bet, I'd bet long. But again, like I said, that means nothing, as any market movement at any time can ...

EURUSD

I'm pretty sure that you can get an ebook version on amazon, but you still have to buy the hard copy book in order to do that. A search on google for 'ebook "Trading In The Zone" "Mark Douglas"' should give you details. I want to emphasize that the ...

EURUSD

Uh... no. Didn't you read what I said before? It's not free material. It's copyrighted, and that would be illegal. If you're a trader, you can afford this book. If you can't, you shouldn't be trading in the first place. And if you don't see the ...

EURUSD

Awesome Peter--congrats on your success so far this year--you're doing well!!! If I may ask, what specifically about the book changed your mental approach? Anything in particular or just the whole idea...?

EURUSD

Mmmmmmm.... I wonder why? Since you've obviously read all 123 pages, maybe you can tell us why?

TEB sytstem

Not that I know of. Not that I'm making a judgement, but if you're not willing to pay for something like this, then it may not do much good to you even if you get it for free! Recognizing the value of something is important if you want to truly get ...

EURUSD

I would STRONGLY suggest buying and reading "Trading In The Zone" by Mark Douglas. Ultimately the most important thing you must have as a trader is NOT market knowledge or strong TA skills, but rather a willingness to accept risk, and trade without ...

EURUSD

Teb, great job with your trendlines. It looks to me that the problem you mention here is because you may be looking for a trendline that does not yet exist. You have some very well defined ones there, but it seems that you made your second 4-hr line ...

TEB sytstem

You're right, the numbers speak for themselves so far :-) One tool I've been using lately is a GMMA (guppy multiple moving average) setup that has several MAs and is NOT crossover-based. You can read up on it at FF, there are some threads. Good ...

The Veteran Floor Trader Method