What do you guys think about AUD/CAD? Price is forming big pinbar on important S/R which is also a 50% fib retracement. image

EURUSD

To do this they print money - more money with the same gdp - devaluation of currency. To take euro back there need to happen a lot of things like less unemployment, more inflation, better CPI...

EURUSD

Price still did not break last lows. 110 pips range movement. Correction incoming?

EURUSD

My bad, that is exactly what you said. I'm losing on hedge but with very big bounce I can lose much more.

EURUSD

Wouldn't it be +40 on long and 0 on short minus spread? I would not gain nor loss during hedge.

EURUSD

Wouldn't profit from long go to equity and cover for short? Timing is essential in terms that I shouln't leave trade until I'm sure raid is over. The case I'm late with closing long is not really a problem if it is only a raid not reversal. Btw ...

EURUSD

I'm thinking now about hedgeing myself into EUR/USD. I'm currently short on 1.613. If I enter long now and price will raid then I will be completely safe and even catch some addidtional pips. If I enter long and price will go down I will leave both ...

EURUSD

I think they will stick to the leaked 50 bln/month. I'm far more worried about that little things around QE like will Germany or Greece participate, will every nation buy their bonds etc. That can cause panic that will drive euro into the abyss. Btw ...

EURUSD

I think it's because commercials need to take opposite trade to noncommercial in Market Maker system. What we saw yesterday was a stop hunt but another one will come, probably we will see 1.163 again but I doubt in next upside target 1.175

EURUSD

Both. For normal S/R I use breakouts and retracement but for very important ones I use only retracement. On AUD/USD: image On GBP/USD: image

james16 Chart Thread

So this week I will definitely not trade on CHF pairs for obvious reason. There is also important ECB meeting where three situations can happen: - ECB will introduce big QE (~1 trilion EUR) - ECB will introduce normal QE (~500 bilion EUR) - ECB will ...

james16 Chart Thread

While I don't think peg on HKD will be discontinued because HKD was pretty much always pegged to USD, central bank of Hong Kong can change exchange rates. Last time it was changed (gradually 100 pips per week) was in 2005. Still I don't see much ...

james16 Chart Thread

And FXCM is in trouble because of that url

james16 Chart Thread

I don't think I have ever saw such a big move on one of the main currency. 20% in no time.

james16 Chart Thread

Yes, Yen is strange currency for me too. I mean outlook for Japanese economy is very bad and Abe wants to introduce new reforms that will hurt Yen but JPY is strengthening. I have no idea why (profit-taking? too big expectations?) so I try not to ...

james16 Chart Thread

Well, on H4 there is DBHLC on both but nowadays I tend to place trades without closing of a bar. I came to the conclusion that most "true" timeframe for a chart is a tick chart which on MT4 I don't have access to. But with some experience I see how ...

james16 Chart Thread

Great start of the week. USD strengthens across the board, on NZD/USD and AUD/USD price is additionally on resistance. image image

james16 Chart Thread

EUR/CHF near 1.2010, SNB will probably intervene in near future.

james16 Chart Thread

Yeah, now I think the same. It seems it was caused by suspected eurozone weakness. EUR and CHF had some big moves on session open. I got into some trades but I quickly got out with +70 pips as I realized these are risky trades, I didn't want to ...

james16 Chart Thread

First of all, do you guys have big pinbars on several charts too? What happend? Trades I will be looking on this week: AUD/CHF D1 - pinbar on resistance. image AUD/USD W1 but I think price broke support. CAD/CHF D1 - pinbar on resistance. image ...

james16 Chart Thread