Hi Yorik, I'm only an amateur on this thread at the moment, but on your chart, it looks like price was too far from the 8 ema and you should have been looking for a "contra" move instead.

4 Hour Strategy (MACD)

Hi all, This is my first post on this forum, so please be gentle with me .I just wanted to say thanks to Phillip for a wonderful method. Ok, here's my first contribution, please excuse me if the ma's are different colours as I have still to set ...

4 Hour Strategy (MACD)

I believe the official close is 5pm New York time. I use Ikon Royal demo charts that close at this time and also dont have sunday bars. I least I know I'm looking at the same charts as the banks.

james16 Chart Thread

If there's any cake as good as James16, it's Black Forest Gateau

james16 Chart Thread

Good comments from everyone here. One thing I would say, when a trade fails, I like to go back and analyse it. I like to analyse my failed trades to try and not make the same mistake again. However on this euro pin, I cannot see any mistake ...

james16 Chart Thread

I think youre right fxprocessor, there is an element of luck. I would say part statistics and part luck!

james16 Chart Thread

Well, were at a similar PPZ to the euro. My guess is its going the same way as the euro. Dont forget Europe is on holiday today, so the US will have a chance to push the $ higher.

james16 Chart Thread

A little exercise for you all if you are reading this at the start of the London session: Its quite easy to look back with 20/20 vision and come to a conclusion as to what happened with the euro, ie. not a real pin, brokers timezone, didnt line ...

james16 Chart Thread

Been bit once by EURAUD this week already. I had a failed BEOB on 8/8 which I thought was a pin. This pair is scary!

james16 Chart Thread

Hi Stopman, on the weekly chart, price spiked through the 61.8, but closed below, so I'm not too bothered about that fib level. I'm more concerned about the low on the 4th August at 1.6833, so my limit order is just below that. Hi Ghous, yes setting ...

james16 Chart Thread

Hi all, I spy 3 daily pinbars on EURAUD, NZDCHF, AUDCHF. Limit orders set and waiting to go!

james16 Chart Thread

Here's another one to throw into the mix, EURCAD.

james16 Chart Thread

Thanks Ghous! I'm an avid reader of your posts on this thread

james16 Chart Thread

hi n_aftab, I am indeed in this trade, I wish I wasnt, but I didnt take profit quick enough. I like the pinbar on the daily but it is sitting on a huge price pivot zone, indicated by my blue line. Its going to have a hard time breaking this. In ...

james16 Chart Thread

I agree with you lava, CCI is one factor not to take the trade. I am still weighing up the probabilities.

james16 Chart Thread

While were looking at weekly pinbars, I thought I'd post the following on the $yen. I would have liked to see this at more of a price swing, but it has a nice long wick.

james16 Chart Thread

Yes that weekly bar doesnt inspire confidence long for me. The only bit of GBP news on Monday that might give direction will be the house price index (Sunday midnight here in the UK). Still, the MPC meeting minutes are due out on Wednesday, so the ...

james16 Chart Thread

Thanks for the explanation Bundyraider. I agree with you on the confluence. I wouldnt take a pinbar unless it lined up with ma's, s/r and fibs and possibly even had some news and market sentiment to support it. Enjoy the movie!

james16 Chart Thread

I see the gbp pinbar as a (sort of proxy) pin on the 4hr chart, but one question I hope someone can answer: It only took one bar to go down, but needed two bars to go up. If it took more time to go up, isnt the market more bearish? Are we just ...

james16 Chart Thread

Funny thing is, on my Ikon Royal platform, the daily gbp looks completely different with no pinbar. Ikon daily bars close at 5pm New York time which is the standard.

james16 Chart Thread