Good catch, I don't check the none majors often enough. A close above 1.3 seems key to me. Fighting a long term down trend, so getting to break even by the FTA 1.31 will be key as well. I believe if the daily bar closes above 1.3, I will be in long ...

james16 Chart Thread

I am not sure how the EURUSD will react to the debt crisis. The Euro is more risk adverse, so with a debt default you would think there would be a run away from the Euro. But would anyone run to a currency that just defaulted? I would almost expect ...

james16 Chart Thread

I passed on the EURUSD 2 day pinbar, due to the recent action and the fact the only thing that will move the markets strongly in either direction is probably the debt ceiling decision in the USA on Aug. 2nd. But it is rewarding to see price do ...

james16 Chart Thread

Yes, both pairs have been unbelievably strong recently. This is sort of a battle for "which is the strongest major currency in the world" right now. I think the JPY has to be hitting a wall soon though, I mean look at the USDJPY chart, how much more ...

james16 Chart Thread

I just wanted to comment on the CHFJPY trade some more. I don't stop by very often, but I saw this was discussed earlier. In looking at the charts, the CHFJPY has been in a uptrend for at least a year now. Trading against the trend can be very ...

james16 Chart Thread

Looks like the market moved on Obama's speech last night, and then went dead this morning. Always fun to get up at 3:30 AM and see you missed all the action I think it is going to be a pretty flat market until this debt timeline date is passed, ...

LJ Forex Group

I back these sentiments. I trade VERY small as I learn over time, so I don't know how well Oanda handles a $2,000 order. But my $5 orders are always perfect. I have traded with Oanda since 2007 and can only report great things. People complained ...

Silent Service Method

That is awesome. I saw all these things, but didn't piece together that it would be good enough to keep pushing the JPY and CHF pairs close to or breaking through all time lows.

LJ Forex Group

Ah, I gotcha. I guess as an American I just expect both sides to posture and pretend to "stick to their guns" up until the last possible minute. Then they will compromise on a short term deal that will expire within a year or two. I don't see it as ...

LJ Forex Group

Mark, this all makes perfect sense, and thank you for sharing. Last week the XXXCHF pairs were long, against the long term down trend. What changed over the weekend to make the XXXCHF pairs look like an easy short to you? I didn't see any news out ...

LJ Forex Group

Yea, I can see why you would expect the USD to be strong, just looking at the USDX chart. Nice upward trendline was touched this morning. Mark, what made you go long on the EURUSD yesterday? I can't see it on my chart, unless it is another ...

LJ Forex Group

Ha, just 12 hours after posting this, I wake up to find I completely overlooked the fact the EURUSD has not even hit the 1.43 level and an easy short play from just below the 1.43 level would have given at least 1R and now already looking like 2R ...

LJ Forex Group

Wow, the charts today really do look like the dog days of summer. Maybe the 100+ F temps here in the USA has scared all the traders away and sent them on vacation.

LJ Forex Group

I was tempted to go short on the market open on the CHF pairs. GREAT gaps to play. But I didn't want to try to fight that huge long term trend.

LJ Forex Group

I agree, I have been working at this for about 4 years now. And whether I am ever able to trade full time or not, it doesn't matter. It has all been worth it just due to how it has helped to shape me as a man.

LJ Forex Group

Yes, you are right. I am VERY uptight, probably about the most uptight a personality can be. So learning to trade has taught me a lot about myself, how I need to relax, and also I am still learning that it is expected I must lose time to time ...

LJ Forex Group

All I know is, that if I get this darn trading thing down (and I really think I will, I just have that kind of will) I got to get to England and get you a lot of beers. Your help is amazing. Thank you. T.J.

LJ Forex Group

Thank you again Nasir, yes, I must have over complicated it. I very much over complicate everything in my life. I am referencing how the pair moved up to 127.82 (18 pips away from my order and then slammed down in the direction I intended) making me ...

LJ Forex Group

Mark, Regarding my GBPJPY trade with the chart above, I just wanted to know what you do in such a situation. The 128 level looked pretty good for a short opportunity. But during the after NY Hours the pair hit 127.82 and then shot down. This scared ...

LJ Forex Group

No, I need the harshness, I must learn this. Otherwise I will end up like I have ended up at 33, miserable in life, working a job I hate and spending my weekends washing dishes and cleaning up vomit at a bar. I have always thought about order flow. ...

LJ Forex Group