price is making higher highs while the oscillator is making lower lows. that's a classic divergence. those lines simply underline this concept. maybe you are confusing them with trendlines...

Jankone M5 thread

I see people who draw trendlines as if they were at an art lesson. Just draw them objectively and don't try to fit them to your trading style...that's quite useless. Stick to the definition and apply them on higher timeframes (min. H4), because on ...

james16 Chart Thread

Vai di USD/JPY.

most traded crosses at brokers

As the first resistance area (3.2) was too far for such a countertrend move, I completely closed the position at 3.0 round number. Hope you did well too Bye

james16 Chart Thread

I cambi molto volatili, ma che riescono a mentenere uno spread basso sono sostanzialmente due: EUR/JPY e GBP/USD. Quanto a volatilità, il migliore in assoluto è il GBP/JPY, ma gli spread sono troppo elevati. Mentre il più profittevole, a parità di ...

most traded crosses at brokers

The divergence between oil and natural gas is quite clear and fundamentally (or historically) speaking it shouldn't be like that. With this being said I'm looking to some objective signals which can help me to spot a potential reversal of the ...

james16 Chart Thread

Yes, i will put a buy stop @ 2.8, stop loss 50 ticks, potential tp @ 3.2, breakeven @ +30 because it's a huge CT trade, but i like very much the rejection from 2.5 level. This decorrelation with crude has to end... Bye

james16 Chart Thread

Oct. 09 Natural Gas Future

james16 Chart Thread

1st page please

james16 Chart Thread

Consider the other two majors: AUD/USD, USD/CAD Low spreads and nice volatility: EUR/JPY Low spreads but not-so-good volatility: EUR/GBP bye

most traded crosses at brokers

Yours are good thoughts and I seriously agree with them, BUT there's another point. You miss the base principle of levels tested in the past (supports and resistances or ppz if you prefer) which not always match with big round numbers (don't forget ...

james16 Chart Thread

Yes, most of the time, but not always. Take the USDCAD as example. Look at 1.03 level. It's not a big round number, but look at how many times it acted as resistance. Then it became support and made the huge uptrend start. In the USDJPY you can see ...

james16 Chart Thread

This is the EXACTLY same thing I was thinking this morning while I was in the shower! lol! And I keep saying "hey, traders who work on smaller timeframes have to watch a ton. of crosses, stocks etc., so thay cannot monitor every stock, cross in the ...

james16 Chart Thread

Something I'm looking at very close. And maybe shorting some oil. Let's see the next week.

james16 Chart Thread

Thanks for your answers Ryan and please, keep posting some of your experiences from time to time, because they're as inspiring as James' one. Have a nice day.

james16 Chart Thread

Thanks for the suggestion Aaron. I hope to find there the answers I need because I'm quite confused at the moment...

james16 Chart Thread

How much time do you spend a day monitoring the charts? And how many crosses do you look at? Do you even trade the 1 min. timeframe with the same method? But most importantly: why aren't you able to trade higher timeframes with the same ...

james16 Chart Thread

This emoticon makes me think you've never seen an A+ setup.

james16 Chart Thread

In my opinion the central point it's not the account size, but the pickiness and R/R ratio. 1. On the daily, high quality setups need a 30 pips SL and, on average, they give you 200 pips of profit. Let's imagine you have a 5000$ account (not a big ...

james16 Chart Thread