Hey Mike, Hong Kong Dollar is pegged to US Dollar and is trading in tight 7.75-7.80 channel so basically you are looking at GbpUsd but with much wider spread.

james16 Chart Thread

Happy birthday Mike !

james16 Chart Thread

It depends how you look at it. For me it looks more like a zone which has been broken yesterday which is much more clear on daily timeframe. H4 PA suggest fresh buyers coming in on the retest and i believe we might have a test of yesterday high ...

Fail Better

Hi guys! Price rejected this clear zone. That H4 pinbarish buob might play out nicely

james16 Chart Thread

Lol Rac I wish that someday i will come near your skills. Congratulations

raczekfx chart thread

Hi LJ. It does look interesting. I will have to add it to my watch list aswell I am in AUDNZD short atm. There is a lot of confluence on weekly tf and price is not able to close above 1.32 on daily tf but we have 4th test atm. I forgot ...

LJ Forex Group

I am not the man himself but i'll have a shot. Boj knows that if S&P will continue upward then JPY will get sold but other scenario which is S&P falling back below 1200 will keep BOJ on its toes. After SNB intervention the positive risk-averse ...

raczekfx chart thread

Hi LJ, I thought you may find this interesting. S&P500 price structure is very similar to the pre-crash 2008 pa. The environment is not so much different aswell so it might end up as good short opportunity imo..... Worth to keep an eye on at least. ...

LJ Forex Group

1.61 might be to much for FTA imo. If you are going to enter @ 1.6 then 1.6040 will provide first strong line of resistance.

james16 Chart Thread

All the ***/jpy & ***/usd pairs are heavily correlated with this S&P 500 stock index hence we have buobs all over the place today . Personally i would stretch this resistance into the wider zone and would be very carefull with buying a break of ...

james16 Chart Thread

I haven't seen anyone posting this setup. Very well defined support with strong close above and some space to the upside. Personally i'll be looking to enter @ 77 RN.

james16 Chart Thread

It wont get that easy through this daily support.

james16 Chart Thread

Congrats my friend ... good planning. BTW... it was pretty smart of BOJ to intervene on 31st, painting some strong buob on monthly tf.

LJ Forex Group

Cool video. Somehow reminds me of the Inception movie

james16 Chart Thread

I wont forget the last winter here in Sweden. It was almost 6 month long and snow was falling day after day making this thick layer of frozen white mass ... I see you've got battlefield 3 which i am planning to buy aswell..... It looks really ...

james16 Chart Thread

Some pattern freaks might love it video

james16 Chart Thread

With such strong rally like yesterday i would never sell right into well defined daily level but thats just me

Price is everything

It seems like you ignored daily/weekly level which is a nobrainer imo:

Price is everything

I have to disagree with Gt3rs. These zones works on crosses too but they need to be on higher timeframe and have to be very well defined. These two criterias are met imo and price didn't test this area for a long time now so atleast some reaction is ...

Fail Better

Imo daily candles are very similar on majority of the feeds and 2-3 hours of difference doesn't change the shape much. This is much more visible on h4 tf but what i do is i go even deeper to gauge the market momentum. On lower tf price came back ...

james16 Chart Thread