Haha the aussie reversed quick after the news and went up like crazy. I closed out half earlier but the other half is still in maybe it will fall again. Good thing you got out quick Tiki.

james16 Chart Thread

Here's what my U/J chart looks like. Maybe it will retest 107.89 where the top of the consolidation was, then go up again? I don't think you can be too bearish short-term after seeing that huge bullish bar before the pin.

james16 Chart Thread

I probably would have passed on the USD/JPY and the EUR/GBP as well. They were both ranging and they were close to resistance. This time they worked out but I don't think they were that good of trades to take. I would have taken EUR/CHF for sure if ...

4 Hour Strategy (MACD)

Yesterday's Aussie pin off to a good start. The .8873 level might be tough to break, but if that goes we might have a big drop as that would be a 1-2-3 top reversal on the daily chart.

james16 Chart Thread

Speaking of pins, we have a daily pin on Aus/Usd. I know it's been almost all good news lately for the Aussie, but it has failed again to break .9100 again. I wonder how far will it fall before trying again? Sorry I can't post the chart my feed is ...

james16 Chart Thread

I think we are still stuck in a ranging market between .99 and 1.01 or so. I would be very cautious with any TC signals because price should have a hard time breaking 0.99-0.9940 levels.

4 Hour Strategy (MACD)

Do you guys have a big gap up on your charts? I have a gap from 1.4541 to 1.4590 at 9:00 EST candle open. Not complaining I'm just wondering if my feed is weird.

EURUSD

I am keeping a close watch on Euro now. I'm long off the top of the last 4 hour spinner candle at 1.4507, but I might be jumping the gun here. It's good R:R so I'm ok with it. However, if 1.4576 gets taken out that will be a 1-2-3 bottom reversal ...

EURUSD

I don't think the stop loss issue would be too bad using this method for weekly timeframe as long as your broker offers small lots. If you risk 1% of your account every trade it doesn't matter if stop loss is 40 or 400 pips it's still 1%.

4 Hour Strategy (MACD)

I'm short once we take out .8872. That will be a 1-2-3 top reversal on the daily chart (a lower high followed by a lower low). Might fall to .86 or lower. I'm not sure it will fall yet, might try to hit .90 again.

AUD/USD

If 1.9623 gets taken out I'm with the shorts. That would be 1-2-3 reversal. S/L around 1.9790 for a move to 1.94 and beyond hopefully. Not sure I'd want to be long here right now.

Cable Update (GBPUSD)

Guess I have some learning to do from this one lol!

james16 Chart Thread

Thanks for the input guys, don't worry about criticizing my trades, that's why I posted I'm trying to get better at this! Seeking, I'm still pretty green, so I don't think of all of the things you brought up before I trade or my head would probably ...

james16 Chart Thread

We have what looks to me to be a good setup on EU/GBP. 4 hour pin after failing to make a 3rd lower high. We might be in a triangle though so I'm going to be careful around .7415. Any opinions on this one?

james16 Chart Thread

Bearish overbar on EU/USD weekly. Couldn't break 1.4967, are we going back to 1.43?

james16 Chart Thread

Results of U/J pin.....cha-ching! I closed out after 1:1 R:R target was hit because I don't want to hold this over the weekend (I really hate the negative swap). Lets see if this is a break out of triangle or a bounce. If it's a break down I'm ...

james16 Chart Thread

We also have 4 hour pin bar/gravestone doji on U/J. I will probably take this break, hopefully Bush's speech today doesn't make the stock market and u/j all wacky.

james16 Chart Thread

Results of G/U 4 hour pinbar. Cha-ching!

james16 Chart Thread

I like this thread, you are motivating me and probably others to learn about how different markets are related. Do you know any website, articles, whatever that can help us learn more about this stuff?

turn 1 to 100'S : Straight Foward Trades

4 Hour PB just broke on GBP/USD, failed to break 50% fib retracement of 2.0102 high. Anyone else in this one?

james16 Chart Thread