I am short a small position in GBPJPY from last week after seeing a PB I liked on the 8 hr chart. I had been short EURJPY last week as well, but I closed it to reduce my exposure. Now of course I wish I was still short EURJPY. Nice PBs on the EURJPY ...

My path to financial freedom

Hi, I've been watching your thread too. Lots of the good information (Thanks!). I sometimes check to see what you're trading/watching. I figured you'd seen Joelcf's post over in the James16 chart thread where he pointed out the magnitude of 20% ...

My path to financial freedom

Hey Pizdun, Congrats! Yeah, AUDNZD is one I've started watching too. I had been unaware there was a PB forming on the monthly and weekly charts (as well as on the daily chart) and was not even thinking about PA when the PB formed on the daily on ...

james16 Chart Thread

Hi Primi, Yeah, those are nice! I like GBPJPY with 8 hr bars. And the PB nose just skewered RN 145. I suppose I am supposed to be demo trading only for a number of months because I'm new around here, but I just couldn't pass up such a nice short ...

james16 Chart Thread

Shouldn't you be using about $1168 per ounce for gold (not $705)? Or do you think you'll get a discount for quantity? You know, we'll start affecting the markets before we ever trade up to $8.4 quadrillion.

james16 Chart Thread

Hi Joel, I respect that you know a thing or three about trading, but I have to disagree that the results of the contest are "largely meaningless." The probability that luck had much to do with the success of the 569-trade trader (making 523 or so ...

james16 Chart Thread

Hi Datogio, I don't know what is possible with the PA strategy, but the King of the Micro contest results at FXCM can be quite revealing. The top micro trader at FXCM in July 2009 turned an initial $ 585.48 balance into $ 9663.61 by month's end ...

james16 Chart Thread

I4B failed example — I went looking for an example of a badly behaved I4B trade. Look at the daily chart for AUDNZD on December 22, 2009 and you will see an I4B centered on 1.2500 that would have stopped us for a loss if played in the typical ...

james16 Chart Thread

Hi, I'm still learning the finer points of PA, but what jumps out at me is that the last two daily bars from last week on your chart (the two big bars) are consecutive down and up bars, opening and closing in almost exactly the same place. I don't ...

james16 Chart Thread

Hi Mike, Yes, that and your other related posts clear it up for me. I can't thank you enough for taking the time to clue me in, as I now completely understand and have to agree that AUDCHF presented a beautiful opportunity. In fact, I will look for ...

james16 Chart Thread

Hi mbqb11, I'm sorry to rain on your parade, but I don't see it. Sure, there is a divergence with the MACD which suggests the pair might drop, but divergence really only indicates a loss of momentum and is not a guarantee of a reversal. The pair may ...

james16 Chart Thread