I am of the exact same opinion. Fundamentals are good indeed for the comming 'weeks' but as far as the short term is concerned, wekkly TL has not broken, Trouble area of 1.61 to 1.615 is still holding. Bullish momentum is nothing extraordinary. If ...

Cable Update (GBPUSD)

GBPUSD — Cable in a good position. Watching for PA for bounce back to 1.600

james16 Chart Thread

AUDNZD — Time to share my Analysis on this pair (for what its worth). Not sure if this has been brought up previously. But since its an old trend it might have been ages ago. Please rip it apart with as much criticism as possible. Long term ...

james16 Chart Thread

Happy Birthday Buddy. Have one on me

james16 Chart Thread

NZDJPY — NJ is forming a PB on the daily at the 66.912 former LCS. There's a small PB on H4 as well off the 150EMA and the same LCS level. Since this and UC are highly inversely correlated. A Bearish PB here could add more confluence to the UC ...

james16 Chart Thread

Hi Bee, H1 BUOB closing above the 9900. H4 BUOB is forming as well. I have stayed out of the big trades like EU and UC because I dont think im experienced enough to be trading in so much volatility. I know no one here pays much attention to ...

james16 Chart Thread

USDCAD — UC broke through the 1 and the 0.99 levels and now testing 0.99. broke the short term trend low but not the long term. Slight bearish divergence on the H4 though. Waching closely for some PA. Best -H

james16 Chart Thread

Its formed a pretty sweet daily PB with a long protruding wick. Swing high off the upper TL. Would be even sweeter if it closes below the 1.93772 support. How awesome if my free trade turns out to be a massive move. The spread is horrendous on this ...

james16 Chart Thread

GBPNZD — Taken the 4 our pin bar off the trendline and just below the daily HCR 1.9544 Half off the table with 1.9382 and SL to BE. Going well.

james16 Chart Thread

I have a buy stop for the CJ pin. Euro is driving drunk and more confluence on CJ I feel. correlation between the 2 is high but CJ tends to be more volatile, looking at the charts. let see.

james16 Chart Thread

Ahh I see. makes sense. It was a small pin but i can see why one might be tempted by it because of the huge potential gains on the short. thanks for the input bee.

james16 Chart Thread

Just a question for all the folks who were short on EUR/USD. I did not take a position. I would just like to know the rationale behind the short entries. Its understood that there has been massive confluence around the 1.3 area i.e. as mike ...

james16 Chart Thread

EUR/GBP — Greetings everyone, best of luck for the coming week. Does anybody like the look of this? Strong downtrend. Trading below the H&S neckline. Might close as break of IB. Would that above reasons be understood as moderate confluence or ...

james16 Chart Thread

Absolutely.. Im not near the skill level as most seniors here. But lots and lots of practice is what is needed.

james16 Chart Thread

Excellent trade indeed Rust. Your entry was perfect . Mine on the other hand was late. Got intimidated by the 1.038 to 1.04 level.

james16 Chart Thread

Took the break of the few day old DBHLC (and now a break of multiple IB's). Closed partial (40 pip) on FTA 1.5300. SL to BE. Hopefully now going down to 1.5165. Going well. Finger crossed. -H

james16 Chart Thread

Hey Rust, Been looking at this breakout as well. However it is right below the 150 EMA. bit scary for me. And right now its dwindling around the 1.03800 res. Ill wait for the retest of that level if it turns to support.

james16 Chart Thread

GBP/AUD — Heres GBP/AUD. Daily DBHLC (to the pip) a few days ago bouncing off the RN 1.5500 and 365 EMA after a short term reversal correction (reversal from a long term downtrend). Inside bars forming since. Daily MACD does not show downtrend ...

james16 Chart Thread

True. But would that be all the more reason to keep a look out for a major move?

james16 Chart Thread

UC — Hello hello, USD/CHF confluence with 365 and 150 EMA. Dwindling under reactive level 9300. Possibility of seeing some PA on this soon? -H

james16 Chart Thread