It formed a nice little pin bar on 5M, rejecting 1.2200 But nowhere to go really - too much traffic, it will get knocked down soon and fall back.

EURUSD

Yeah 100 pips until 1.21 and the central banks step to waste some more tax payers money.

EURUSD

At this rate we will skip that stage and go straight to barter.

EURUSD

Not being funny but how do you know this? I am trying to learn.

EURUSD

The central banks, who else? Forex Legend: George Soros And The British Pound url "nothing is new in the world"

EURUSD

No level other than zero can be defended. They tried to defend GBP and George Soros killed it.

EURUSD

09:56 GMT [EUR/USD] trading a fresh session peak at 1.2273 on the back of a UK buyer, or a central bank interest to buy Eur/Gbp.

EURUSD

Not that I have some inside information, but I used Barclays as the example, as I have a friend in Forex there. Do you feel that the longer time frame currency movements are irrelevant to trading decision? All the "long in the tooth" traders I have ...

james16 Chart Thread

Lines, lines and yet more lines. They are like statistics. You can find a statistic to prove anything you want to. Looking again at the chart you posted, there is a definite trendline from 2003 on the monthly chart. Me thinks there is a downtrend in ...

james16 Chart Thread

Hey this is J16 - longer time frames rule. What I am saying here is do not forget the longer time frame. The people at Barclays Capital will be aware of these, they will have strategies and look at relationship in the market that involve these. If ...

james16 Chart Thread

Nice photos - I don't believe the spray arching from the woman's hair to the water is other than Photoshop - but I like the photo for some reason. Fibs work because molecules and crystals form structures in certain arrangements and patterns ...

james16 Chart Thread

Fibs are only relevant if someone draws them and then acts upon them. Price is nudging the 261.8% retracement when plotted from the swing high of 19th March and low of 1st April. For me the top of the current uptrend is gently rounding over. Price ...

james16 Chart Thread

USD/CHF — With USD/CHF, they are all BRN's or none of them are proper BRN's 1.1700, 1.1600, 1.1500, 1.1400. The bodies of the last week's candles are wedged between 1.1500 and 1.1600. Price is winding itself up, pushing long wicks out in both ...

james16 Chart Thread

USD/CHF — Despite strong US economic data today the early bullish move on USD/CHF has evaporated. There is a long bearish wick sticking out from the current peak in the up trend in this pair.

james16 Chart Thread

Why not try the Mexican peso USD cross it can move 6000 points against you. This is how the markets are now. Get out of Forex until it settles down. Don't you know the world is in a financial crisis?

EURUSD

USD/CHF — Hmmmm. It looks like the decision in direction has been made. After pausing between 1.1500 and 1.1600 it made a decisive push up.

james16 Chart Thread

I don't know where the 8th and 16th's come into the LSD (British pounds shillings and pence currency system). At its height of divisions there were 4 farthings in a penny 12 pennies in a shilling 20 shillings in a pound 21 shillings in a guinea ...

james16 Chart Thread

NZD/USD — Another line for the NZD/USD weekly.

james16 Chart Thread

Captain I recall that pin bar myself as I brought it to the forum. Your observation is a very valid one. The big money in Forex trades the higher time frames and I am sure this has not escaped their notice.

james16 Chart Thread

I heard that when James had made $16 thousand zillion trillion on the markets he heard that it was easier for a rich man to get into Heaven than pass through the eye of a needle. Not wanting to go on a strict diet he decided he would guarantee his ...

james16 Chart Thread