btw...aud and nzd also coming down hard right nowe

USDCAD trend reversal?

no...i think, the market is going higher, cause the first breakout to the downside failed...indicating, that the market makers dont want this market to drop...i want to see a breakout above 10735 and a pullback...just my eyes..

USDCAD trend reversal?

WTB had a point...theres a common observation, that the best trades take off and never look back...if you take this and put it into action with a tight stop, you will end up playing b/e trades 8 or 9 times out of 10..and the 1 or 2 winning trades ...

Gradation of stop loss

well...market broke out of the triangle...only to move into a trading range !! ...well well...looks like the true breakout is yet to come...

USDCAD trend reversal?

red flag on this pair...looks like this market is setting up a NR4/ID...breakout mode

USDCAD trend reversal?

clockwork, this is one side of the currency markets, one truth...however, theres another truth, which is, that in price action, you can find little patterns which are created by the pure dynamic of buying and selling...those pattern repeat over and ...

Is trading FX for living a myth?

crossroad..either an ABC type of corrective move..or...starting to make new highs...maybe the news today will clear the way

USDCAD trend reversal?

wizard, so you are a one-market-only trader ? thats a difficult task... anyway, to be honest, im only daytrading this market...it is not so crazy as the dax but makes for a sufficiant average daily range good trading..

james16 Chart Thread

german BUND — i dont know, if anybody follows bonds...but this looks like a nice pin bar is in the making...finally.. ???

james16 Chart Thread

IF (!) this is an impulse move, the fibretrace should work...lets see...it should turn to the upside somewhere between 60 and 40...but, this is also the spot for the bears to cut it down again...

USDCAD trend reversal?

rabax, think about victor niederhoffer and how he must have felt the day he was forced to close his fund...now hes up again and runing.... or take mediamanic jim cramer...a couple or downdays more back in 89 and he would have been broken down ...

Money Management..keeping the money...

lets do a quick momentum study on the weekly chart short term rsi (3) shows extremely strong negative momentum..last seen in late 2005 midterm rsi (10 + 20) shows the same extrem reading as in late 2005 rsi 20 is showing a momentum divergence for ...

USDCAD trend reversal?

just remeber, that a market making new highs or low nearly ALWAYS shows momentum divergences...one of the four cardinal principles in TA is that mometum preceeds price...in other words, when a market does make a new momentum high, the price high is ...

james16 Chart Thread

maori, dont get me wrong, but 18 month is just not enought time to draw any conclusion...most traders i know have spend 3-5 years to get to a level where they start to get profitable

Maybe it won't happen to me ?

theres a step no. 5 it goes 5 - The Discretionary Trader (level2) : "A discretionary trader (level2) uses a combination of intuition, experience and non-quantifiable data to determine when to enter and exit the market". then 1-5 all over again on ...

Regarding the article "Trading As A Business" (Or:Are successful systems automatic?)

wizard, read mbqb11 post about the 3 types of pin bars...countertrend pin bar are dangerous....look at the chart, search for the countertrend pin bars and the retracment pin bar and compare the profit potential of both....btw, there are some sort of ...

james16 Chart Thread

heres all you need...the rest is application.. url

Where can I learn more about Price Action like those in James16 charts?

maybe this can help you out... url

I need a mentor!

to boil it down even more "Then you have my personal fav, when you get a nice retrace on the current/or longer term trend and a pin forms where it creates space away from the previous trend. Meaning it retraced, but not with a sharp move." there you ...

james16 Chart Thread

great chart...now, just update it...it might be about time for this market to put in a double bottom...and start a rally...would be a very common action..lets see

USDCAD trend reversal?