I can only add: Learn what the market cares about at the moment. Why the money are flowing in particular instruments and how can different events change perception of these instruments value.

Fundamental trading

Have you got some juicy Philippines rhythmes to present us SC? Dont be shy

james16 Chart Thread

I am sorry gentelman if i bored You with that downtemp music. 2 years ago , me and my girlfriend joined this fantastic concert. It turned out i had fake tickets but I talked my way thru the security just to here this: video

james16 Chart Thread

Damn... Thats something i wanted to hear. Not much good music these days in the mainstream media. I can only offer that smooth vibe: video

james16 Chart Thread

All the Bernanke talk about QE3 and raising inflation since 2010 renders tomorrow CPI very interesting. Lower number might ignite another round of usd selling. AUD long would be a nobrainer imo taking into consideration new highs on gold.

Order Flow - Achieving the mindset

Thanks Mike, When something looks as obvious as that i always have that fishy feeling about it. Could it be that simple? If yes then one just have to sit on the hands in between these opportunities. Now that is not that simple

james16 Chart Thread

I was eyeballing this retest of triangle but this impulsive buying after the volatile break of 1.4000 area made me think that smart money perceived those lows as undervalued. Support-o-fobia lol Cheers!

james16 Chart Thread

Same case for USDCHF. Is this wannabe PB convincing?

james16 Chart Thread

Imho shorting this PB (bar in progress) is a risky bussines. There is a lot of support below it and weekly chart shows that very clearly. Personally in current market conditions i would rather look for long entry around 1.4050.

james16 Chart Thread

Actually i dont perceive that as a 1R becouse it doesnt mean i will take the loss at 140pips on full position in this example. If i dont feel comfortable with position then i am decreasing the size or closing the whole trade but i wont allow it to ...

james16 Chart Thread

For example the avarage range for GU and EU is 140 pips. I have the fixed amount of money i am comfortable to see in 140 pip drawdown. That may be 50$ for me, 80$ for you or 200$ for somebody else depending on risk tollerance. In case of 50$ that ...

james16 Chart Thread

Hey Adi, I want to share my aproach to risk management. I am counting my risk using a formula: avarage of 20 day ATR = fixed amount of cash. This way i can count easily my maximum risk per pair. I treat SL like a disaster stop and most of the times ...

james16 Chart Thread

There is a weekly Beob and price is pushing hard against the 0.9580. I would not mind to see price @ 0.9450 in near future.

james16 Chart Thread

"Trading in the zone" by Mark Douglas

james16 Chart Thread

Nice and sweet it is. Statistically one could short dollar on every Bernanke speach and be in nice profit.

james16 Chart Thread

That worked out very well...out on the sunday gap close. Now lets break this weekly beob on usdcad.

james16 Chart Thread

thats called BRN fobia

james16 Chart Thread

There were a lot of traders buying nzd for a discount price after yesterday selloff. Todays risk-on theme might keep usd on the short side. lets see

james16 Chart Thread

Who's in the GU pb?

james16 Chart Thread

That might work as a simple box play. No full bar loss on this one.

james16 Chart Thread