It's a joke - but you know that already "(I do get the punt though )"

james16 Chart Thread

Well we know that only fools and horses work. What is happening is there is the Black Economy. No income tax, no VAT, no money back, no guarantee. And then there's the City of London, one of the world centres for funny money and dodgy dealings.

james16 Chart Thread

Right now there are two doji on the daily. This is at 1.56. Is that the end of the bull run or is it just having a rest? On 4H my chart shows a largish bodied bullish pin bar. I think price is waiting for economic data.

james16 Chart Thread

We're in a mess. — I just read this on a forum. It is for the UK but you can put US and change the numbers I'm sure. The UK is in DEEP trouble... The population of this country is approximately 60 million. 32 million are retired. That leaves ...

james16 Chart Thread

I often cash in and then come back. As I remember, yesterday Jarroo thought EUR/USD had not finished with 1.30. It just turned around and shook hands with 1.30 again.

james16 Chart Thread

I was looking on ebay for silver dollars. The prices with postage is usually around £18 - £20. Translate that into $ and you are looking at $30. Way too much when the spot price is $17.50. Ok these coins sell easy on ebay so you would be able to ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

This is the real state of silver and gold — This is off the US Mint website American Eagle Silver Proof Coins Production of United States Mint American Eagle Silver Proof and Uncirculated Coins has been temporarily suspended because of ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Well this is my thinking. The trend is UP. I assume you are short following the swing high pin bar. The last time price go up to this level it retreated to 0.6600. Now that would be some profit! My trend line is not sitting perfectly on the up trend ...

james16 Chart Thread

I follow exactly what you are saying. What is "taught" in many places is a mechanical RR system. Stop loss = 40 pips, target = 120 pips. Proper analysis of the setup, using "where is price expected to go" might tell you it will make this target. BUT ...

james16 Chart Thread

Pin bars, outside, inside bars and the like are not unique to J16. I can think of one well respected Australian trader who is a very decent chap who uses these. What I have not found elsewhere is the "where is price going?" phenomenon. Using the ...

james16 Chart Thread

LOL!! I care very deeply.

james16 Chart Thread

How things change. It does not seem long ago that I read on the EUR/USD thread something like "everyone is shorting the Euro, they are even teaching babies on the breast to short it these days.."

james16 Chart Thread

Price was falling hard and had fallen so far I guessed it would bounced at 10400 so I closed my short. Price did bounce so I will be looking to enter short again when things settle down. The pinbar on the hourly is really nice. Tiny body and long ...

james16 Chart Thread

Looks like my bearish index pin bars are kicking off. They are doing a bit of tanking at the moment.

james16 Chart Thread

Jim has a complete system using this ema setup. It is the base method. I know some people on the private site do touch trades with this system. There is a whole set of guidelines for entering trades. Some touch trade with it and some wait for ...

james16 Chart Thread

So I need another MACD to be like the majority?

james16 Chart Thread

Price is certainly outside the box it was trading in. Decent size fall yesterday. If you look left on the chart 1160 has acted as a resistance level a couple of times in the past. This is $100 off the high. If price breaks 1160 this would be bearish. ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I usually take the lines off, others don't use them and it does confuse me. This is the way the indicator is straight out of the box with Dealbook. Price is still rising with the indices and I am not short. I suspect the indices will end lower ...

james16 Chart Thread

This does not make sense to me. I can add/remove bit of this MACD indicator. I put up the MACD with the signal lines and you say there was no divergence. If I removed these lines so it is like the MACD used most of the time here, would you say there ...

james16 Chart Thread

This is quite possible. There is a J16 method of trading called Base where a series of moving averages populate the chart and trades are taken after price meets and crosses the various ma's. So a touch trade may have been mentioned.

james16 Chart Thread