Ok now I gotta ask what makes you say short for the USD/JPY? I am thinking it is gonna bounce on it's pivot line. Common man give me more detail ...LOL Steve

james16 Chart Thread

PB everywhere — WOW With all of the posible setups in the market today I can't believe there isn't more chater in this thread. Lots of PA to look at folks. Let's eat some pips Steve

james16 Chart Thread

A victim of Propaganda — Hi Ramin, I hope that your negative experiences have not caused you to give up on becoming a trader. But you are right on the money when you say that learning to trade profitably is not easy. Look folks it's been said ...

Difficult FX

What you really need... — Creeper, There have been many suggestions in this thread but the reality is this; there are a number ofthings that you absolutely must have before entering the market with real money. A system A solid understanding of ...

Are 500 Dollars enough?

Chris, I am pleased to see that you are placing emphasis on the pshycology of trading. This is definitley an area most new traders never fully understand at first or for some never even take into account. I believe you have already anserwed your own ...

Are 500 Dollars enough?

NZD/USD — Hi Folks, Just wanted to post this text book S/R breakout I took on this pair. Point A is a nice almost PB that took us back to our most recent highs. Also notice the TBH that ocurred at point B. I placed a buy stop just above and ...

james16 Chart Thread

Eur/jpy Buob — Raz , Am I ever glad I am not the only one who saw this one. Ok reasons for this trade are as follows: The bar previous to the BUOB had problems closing below the previous Resistance which is now acting as support. Indicated by ...

james16 Chart Thread

Hi Asen, Just like SeekingLight has suggested. Please take your time and gor through the information starting from the begining of this thread. There is so much information contained within that you would miss the boat completely if you only started ...

james16 Chart Thread

Hi Raz, I have to agree with Mike on his one. It's not a setup I particularly like either. In consideration of this PB we cannot ignore the 2 previous areas of support found a positions A and B on the chart privided. Again as Mike said that doesn't ...

james16 Chart Thread

USD/CAD — Hi Everyone, Sorry I haven't been posting a much I have been busy getting ready for vacation. But I thought I would post this pair up since I haven't seen much about it lately. the US/CAD seems to be forming a nice PB on the monthly. ...

james16 Chart Thread

Template for Syd360 — Hi Syd, I couldn't add the attachment to a PM I I am putting it hee for you. Hope it helps. Steve

james16 Chart Thread

High Matty, I don't know why you say you don't like the fact that this is at historical highs. If you look back in time when prices reach extremes they sometimes provide the best trading oportunities. At any rate here is what I see with my foggy ...

james16 Chart Thread

OK here is my 2 cents on this one. Although there is a DBLHC on this pair the current daily trend is down as indicated by the RED trend line. Now that we are in a down trend we see that this pair has retraced back to the 61.8 Fib of the last ...

james16 Chart Thread

Ok look at your post and you will se that you have answered your own question Seriously though... Ademac has touched on this pretty well so I will just tell you what it is that I do. I actually grade each one of my trades and based on the grade ...

james16 Chart Thread

Way to read the chart big guy! I am also in this trade. Currently up +75 Let us see where she will carry us. I would post more info onthis one but I am tird and want to go to bed. I will try to put up a chart on this trade in the morning. Never lose ...

james16 Chart Thread

Hey Fabian, I didn't have a chance to check and see is this run up was due to some news or something but hee is what I would have to say. The top of the PB has not been broken and there is a lot of resistance to the upside from this point. I would ...

james16 Chart Thread

Well Said... — Well said Mike! dfstone - My advice to you would be to do a little reading up on Technical Analysis. And I don't mean just reading through this thread Check out some sources like: Technical Analysis of the Financial Markets ...

james16 Chart Thread

AUD/CAD Short — Good Morning Everyone, Ok so here is a trade that I entered yeserday. I am short the this pair based on the Daily PB bouncing at multiple areas of confluence. I had 6 reasons to take this trade. Bounce off of linger term 38.2 ...

james16 Chart Thread

Ok so you are observing PB and picking out some decent ones. But here are my 2 cents on what you have pointed out. I don't have my charts in front of me so I am going soley off what I can see on yours. As you have indicated PB 1 on your chart was a ...

james16 Chart Thread

Looking good Man! This is what you are looking for. And this is a prime example for what I was talking about when performing my analysis. This same pair on the daily created a PB and bounced off of the 50 FIB. Now hear what I say here and you will ...

james16 Chart Thread