This is an interesting pb on the EUR/AUD. It formed this afternoon when price went down through 1.45 and then rapidly reversed. It was due to reverse from fibs plotted during the decent. Plot a fib from the last swing high on the way down to 1.45 ...

james16 Chart Thread

I recommend the private site as I am glad to have joined. I have not posted on the private forums except to help start and contribute to a survey of spread betting companies. The first thing I did when joining was to head straight to the educational ...

james16 Chart Thread

Well done Chris! I liquidated my short as well. I am watching it retrace from 1.4475. I will go short again but it is at which fib it comes off and where the traders are drawing their fibs from. This could pull back to above 1.46, so I am just ...

james16 Chart Thread

I agree it is often blindingly obvious. I am blind and it is obvious.

james16 Chart Thread

Nearly there now. I am in this trade - it is a pair I have wanted to be in and should have been in a long time ago. But then I didn't even know what Forex was. I will remain in this pair monitoring and moving my stop loss.

james16 Chart Thread

This what not what I read, it was a personal communication and concerned someone who had been at it for a year. My reply to that was even if I had 1000 hours of music lessons I would still not be able to play an instrument. That would not be my ...

james16 Chart Thread

I started forex in March 2010. I wish I had joined J16 sooner than last week. It would have saved me wondering round in a mess of half baked nonsense. I consider J16 an investment - I would now be 25% of the way to being a lifetime member. I agree ...

james16 Chart Thread

The private site is not too advanced. I recommend it even for a newbie. The consideration is the cost. If is saves you messing up on trades then join - you will save money. If it accelerates the process of you becoming a successful trader then join. ...

james16 Chart Thread

EUR/AUD - eratic price — LOL look at this on the 2 minute chart! (broker GFT). Talk about erratic price

james16 Chart Thread

Chris did you have a huge gap in price at 15:44? My feed sort of died for a minute so I logged out and came back in. Price had dropped from 1.4708 to 1.4625. Now it is moving up to close the gap. weird... Now it has closed the gap at 16:00!

james16 Chart Thread

Good point extraneo. On my feed the pin opens at 10,004 and the previous bearish candle closed at the same price. But you can only deal with it as you see it.

james16 Chart Thread

AUD/USD — Anyone in the AUD/USD pinbar from yesterday. This one triggered. I am looking at the daily chart. Price is certainly thinking about it on this trend line. I will watch this some more and consider entering if price closes about the ...

james16 Chart Thread

This pin bar is bang on the 261.8 fib retracement - price has had a minor pull back at the 161.8 and 100% fib levels during this uptrend so it is on the card for one right now. I doubt there are many pips in it but a few are likely to be in it.

james16 Chart Thread

Hey fxeturn - that will be yesterday's USD/CHF pin bar at the top of that big up trend. nice one. I plotted the fibs on that one, from previous behaviour on this uptrend it should pull back for a few pips of profit even if the trend does not turn. ...

james16 Chart Thread

J16 thread — I am a member of a share site forum. It has thousands of threads. Those posting on it are mainly from the UK. I used to read it quite closely. I pay the odd visit now. It is pathetic, there is nothing wrong with the website, but ...

james16 Chart Thread

The point I was making wasn't whether or not the dj pin bar was good, it was that a guy putting out regular videos on youtube, with his own website, with a following, was calling a clear pin bar a sort of hammer thing and felt that the wick was too ...

james16 Chart Thread

LOL Just seen a video on youtube. He advises going short on the Dow Jones. Well he is probably right but one of the chart signs he uses is where he points out a big bullish pin bar from yesterday. He says about this candle - I quote. "Its a hammer ...

james16 Chart Thread

On my feed if you draw a trend line from the two lowers lows, one from 2nd November and next 5th Feb the line crosses 0.6500 directly beneath the wick of the pin bar. It is as if the pin bar should have pushed a little harder to reach the .6500 ...

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The comdolls will follow oil - and oil's price is dependant on the actual/perceived balance of supply and demand. Just got a Dow Jones daily sat above a Brent Crude spot price (West Texas is the same). The scales aren't the same but oil started ...

james16 Chart Thread

Are we taking oil here? I am looking at Brent crude and WTI. Both have formed nice pin bars - with WTI the best of the two. All the major indices have formed a pin today - bombed out for most of the London session and then recovered to create ...

james16 Chart Thread