I think it will be interesting if UJ makes it down to 82 area as the BOJ pretty much said this is their line in the sand that they're protecting. I think you would have to be pretty brave to be buying yen down there, unless it's a long term trade ...

james16 Chart Thread

Thanks Joel. It makes sense Appreciate your time sir

james16 Chart Thread

True But would it be correct to say there would be a large buildup of orders levels where price has not been for some time? For example, if a market made a new low in 2005, and then started to approach that low again in 2010. All the orders (the ...

james16 Chart Thread

Hey pwellsau Personally I would have trouble justifying trading into that consolidation box you mentioned. The fact that the box is there indicates that there was a tough fight between the bears and the bulls last time we were down at this level. ...

james16 Chart Thread

No problem I scan for "hammers and inverted hammers", as the definition of a hammer requires a very strong close (I like these bars the most) And I scan once a day before the market opens (the US market opens at 2.30pm here in the UK, so I have ...

james16 Chart Thread

Yeah I use Finviz initially to scan for PA, and then switch to freestockcharts to do the full analysis. I have a demo account with investopedia to keep track of trades

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Update; They all had hard breaks except STRM which didn't get triggered (yet)

james16 Chart Thread

hey stewrigh The broker in the post is "the Collective FX" I just scan their charts for that 4hour close (8am - 12pm - 4pm UK) they are a bit "bucket-shop" but fine for demo. My actual broker is Oanda J

james16 Chart Thread

Nice Chris This must have been close to your no trades after 12pm (UK) rule I just closed the GBP/CHF for 0.5R. There's a good chance it will run further and there is a Daily bearish pinbar forming. But it's doing battle with a very stong ...

james16 Chart Thread

Some potential stock market trades

james16 Chart Thread

I like it too but prefer the GBP/CHF as we have the added confluence of a BRN I'll be interested in this bar if it closes something similar to the way it looks now (15 minutes to go)

james16 Chart Thread

Saw an interesting short setup on the on the EUR/AUD last night, but it doesn't comply with my usual style so I just played it on demo. EUR/AUD 4 Hour Strong Downtrend Retracement to; Descending trendline 1.4000 BRN Price flip Bearish Pinbar. The ...

james16 Chart Thread

Parity — I was reading something from the "single world currency" conspiracy theorists that it's no coincidence that most currency pairs are generally converging towards parity

james16 Chart Thread

True Mike, talk about BRN

james16 Chart Thread

I'm wating for GBP/AUD to give us an nice big BUOB engulfing this recent consolidation around the 1.6500

james16 Chart Thread

Hey Nuc There is a quicker way, If you display the "Market Watch" Tab next to the chart, it means you can have just one chart open with whichever template you need applied to it. Then you can drag and drop the pairs/markets listed on the left onto ...

james16 Chart Thread

Oh, that one is beautiful nice one Ben Gonna save this to the "examples of great setups" folder

james16 Chart Thread

Thanks Mike With so many markets/stocks out there you don't have to be scanning for long before something interesting shows up. And I do feel it's important not to limit the number of markets watched as it's easy to end up "forcing" trades after ...

james16 Chart Thread

Some more stock charts (hope no-one minds) showing Price action at key areas Includes an update to HUBG - Price has been repleatedly rejected by that PPZ and still looks heavy

james16 Chart Thread

or this

james16 Chart Thread