Does 95 odd pips count as a reaction? ;-)

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I did!! In at at 1.6398 and out at 1.6443.

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Hi everyone, I just wanted to apologise for all those that couldn't get into the webinar tonight. I've been getting some emails from those that have been following from the start that were unable to get in because we reached capacity. The software ...

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If I traded the crosses, I would look for shorts where you have marked it and then buy it at the yellow level I have marked on your chart.

james16 Chart Thread

Not sure how that is conservative buying that up there after its rallied 300 ticks into resistance.

james16 Chart Thread

I also had a few 20/20 plays which worked pretty well. I will go over these in more detail and a lot more besides in the webinar tomorrow. See you then :-)

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Trade #5 : USD/JPY Trade Idea : Try and buy the pullback. But we are only looking for a small bounce because we are expecting this whole up move to be undone - look back at previous intervention attempts... Trade Entry : Bought this with a limit ...

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Trade #4 USD/JPY (cont) Trade entry : Sold 79.98 with a limit order. Pity anyone that tried to sell the BRN at 80.00 because the high with almost all brokers was 79.99. This was a very quick trade which I was out of on the next hour. I exited for ...

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Trade #4 : USD/JPY Trade idea : Step infront of intervention (which rarely works - especially if it is not co-ordinated) at the best level on the way up. (I will tell you in the webinar why this was the best level and it has nothing to do with the ...

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Trade # 3 AUD/USD (cont) Trade entry : I entered a limit sell at the level and price didn't quite reach it so I watched the price action carefully and noticed the H1 pin which was forming just ahead of it. As soon as I saw that forming I sold 1.0765 ...

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Trade #3 : AUD/USD Trade Idea : Nice and simple. Sell the rally into the hugely formidable level at 1.0789 Continued...

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Trade #2 :GBP/USD Trade idea : Swing failure after the second attempt to actually break the lows at 1.6262 makes me think we are going to rally and punish the shorts. Trade entry : As soon as the candle had finished printing and had created the SFP, ...

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Trade #1 : GBP/USD (cont). Trade entry : I entered this short at 1.6284 (red marker) on the retracement of the BEOB as we came into previous support (green line). Throughout the morning we went nowhere and then we broke lower taking me about 60 pips ...

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Already had a few emails saying that people can't make the webinar tomorrow. One of the things I was going to discuss was the trades I did this week so I thought I would briefly go over them here for anyone that misses it. Trade #1 : Short GBP/USD. ...

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Anthony, The aim of a stop hunt is to allow traders to either make money OR get a better entry at your expense. I have seen professional traders push price through areas for both reasons. As an example of the latter : they may want to buy at a ...

james16 Chart Thread

It can "choose" to ignore what it wants. Whether it manages too is another thing entirely.

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If that doesn't have a reaction when it hits that level, I will quit trading and flip burgers.

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Ordinarily a good buy level and perhaps for a small bounce but look at the D1...if gold does begin to unwind it could be pretty hard and I don't see a significant bounce occuring at that level.

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I took 78.69 and just closed at 78.98 for +27. Funnily enough I went 2 pips offside on my 79.97 trade and 2 pips offside on this long... Not a bad day in that Yen...

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Missed that by 15 pips. Might have a go at this USDJPY long at 78.69 but you have to keep it tight here. Intervention spikes don't last long...and you don't want to gamble on the BOJ coming in for round 2. Play the levels and eye up those FTA's! ...

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