Markets have to digest Greece news....economic release in 10 mins and it's Friday ...have to be careful as can can get some big moves but also some 'fake' moves in both directions. I'm always cautious on a Friday...

My path to financial freedom

Exited xxx/jpy shorts as soon as UJ broke above it PPZ...still short GU,EU and long UC. Despite Greece news...Euro is not realy moving up that much...signs that sellers are still in control overall. Dow futures are testing 11100 mutliple ...

My path to financial freedom

breakout on UJ....not good for xxx/jpy.

My path to financial freedom

I was tempted but already have a fair bit of exposure to USD and JPY so gave it a pass...otherwise yes was a good setup...

My path to financial freedom

Prepared this quickly but hope it makes sense.

My path to financial freedom

Yep...I'll prepare a detailed analysis using some charts in a bit my friend.

My path to financial freedom

Yeah this is something I've started to do more often...zooming down the timeframes at these areas to look for clues that price will head in the direction. In this case my SL was activated during Asia (only had a 15pip SL) when in the land of nod. ...

james16 Chart Thread

This is what I meant by GBP winding up llook at the 4HR and 1HR bars...very small moves for this pair...when price doesnt move much compared to it's normal movement it is often like a spring coiling up ready to spring open...I expect price to shoot ...

My path to financial freedom

Yeah I'm not keen on holding positions over the weekend either at the moment but I have the advantage that Oanda never closed so I can hedge if required. But I reckon thenews will be now with Greece about activating the package. I still believe a ...

My path to financial freedom

Very nice Trigger....love the way you analyse price action and look at the bigger picture.

james16 Chart Thread

Very nice ...I've only just been informed about how 150EMA can act as an additional confluence factor...I took a touch trade but my SL was too tight.

james16 Chart Thread

IMO it was good for a touch trade @ the PPZ/TL/RN and fib confluence but the the fact we have the 150EMA above the pin and more importantly the pin didnt close above the PPZ makes this a no trade for me...could be wrong of course.

james16 Chart Thread

Hmmm it is...I'm not taking it though...it would have had to close above the PPZ for me to consider this and I'm short GJ,GU,EJ,EU so going long AU wouldnt make sense...still have half my earlier touch trade on the go so I'll leave that in play. ...

My path to financial freedom

Oh yeah hadn't noticed that...that's a sign that I need to post less and get a life more

My path to financial freedom

Yes...good point...E/CHF hardly moves and thus if EUR down then CHF will be down...got it now...doh should have worked that out!! I'm still in from my earlier GU and GJ shorts...added an EJ short to my EU short and added an Oil short to go with my ...

My path to financial freedom

Equity futures very strong this morning and seeing decent moves up on EUR on rumours Greece will ask for a bailout from IMF / EU this morning. Stupid really as this is the tip of the iceberg...so many more problems for the Euro a loan from other EU ...

My path to financial freedom

I know I keep bleating on about this pair...but this is what baffles me...yesterday GU and GJ declines nicely and yet G/CHf kept rising...we get worse than expected GDP figures (although it is widely expected they will be revised up as severe winter ...

My path to financial freedom

Breakout and retrace... Right enough from me...be back later.

My path to financial freedom

Thank you

james16 Chart Thread

By the way exited EJ,EU and AJ shorts earlier as lacking downard momentum and retrace is coming first...keeping CJ short and UC long in play and still have GJ short open...will keep this open through GDP news...if good then obviously I'll exit very ...

My path to financial freedom