Yes sir! Next stop, IMO, is 1.0550. I'd be very surprised if price doesn't react in that general area. BTW Jim, You didn't happen to notice the DD on the weekly gbp/jpy, did you? It's too much to risk for me so I'm definitely ...

james16 Chart Thread

Yes sir, I actually noted that one here on the forum last night. I think it's definitely tradeworthy.

james16 Chart Thread

You'd be looking for a break on the 4th and only IB in that setup. These types of setups, IMO, are only relevant on the 4 hour timeframes and above. There are way too many on the 1 hour charts unless, of course, they are popping at the outer edges ...

james16 Chart Thread

Believe me my man, I know! I let a bias get in the way of a good trade, there's not much more to it than that - me being a bum! lol I saw the solid resistance and let that get in my head for a short opportunity. I see now that we have a bearish pin ...

james16 Chart Thread

Yes sir! 1 hour pin bar and then 4 hour pin bars, last night, led the way for it.

james16 Chart Thread

lol That's awesome man.

Cable Update (GBPUSD)

I won't open a position for either side, long or short, until I see some solid price action. I'll post it if and when I do see something that seems worthwhile. I think Roger may just be spot on when he mentioned the 1.65XX area.

james16 Chart Thread

I've had a short bias since around 1.63XX too, and I guess that's where the problem was! lol Once she picks up, there's no reason to be looking for shorts until some SOLID PA becomes evident.

james16 Chart Thread

The IBs broke topside and I didn't place a position into the markets considering everything that was against us with it. The power of the double IBs is solid though, and I should have trusted them. I guess it's back to testing in order to get ...

james16 Chart Thread

From a technical standpoint, I will be trading it. There's a setup on the screen at a solid area of resistance and so it looks good to me. Concerns based on the bank holiday are nil considering that by the time it breaks, we will probably be into ...

james16 Chart Thread

I'm liking the consecutive IBs on the gbp/usd, especially with the level that we're trading at along with divergence. Dale's Doubles are always peachy to me!

james16 Chart Thread

That's all it's been lately brother! Not much of anything else too exciting PA-wise other than the gold trade that you already saw. Those false break IBs are my favorite ones to be honest. Those are the one that break with conviction after the ...

james16 Chart Thread

He's a hell of a guy to get to know, TF! Glad to see you back in Jim!

james16 Chart Thread

That turned into a nice hourly pin as well. That's why I love the 5 minute- there's always the chance of it turning into a higher timeframe move. Good trade btw!

Jankone M5 thread

I know this isn't the 5 minute chart, but this is a purty setup. Divergence and a pin off of a round number/resistance area. In at 148.90. I'm looking to see a drop back down to at least the 21 ema at 148.20. I hope everybody's having a good day and ...

Jankone M5 thread

Good to hear it brother! I'm glad to see a few other people still trading from a few years ago in here. Man, do I love confluence on the charts!

Auslanco - GBP/JPY and GBP/USD (newstrade)

This is what I'm thinking to happen. Most likely, we'll see the previous daily bar lows to gain the momentum for the move downwards. How's everything going Quecee?

Auslanco - GBP/JPY and GBP/USD (newstrade)

Wow, that's a bad idea hombre. When you base a trade off someone else's recomendations, it leaves you with no power at all- just hope.

james16 Chart Thread

I'm waiting for this baby to pop and give us something worth trading. The divergence is building and so is the downwards pressure from previous bar lows (on higher timeframes).

Jankone M5 thread

I can't begin to mention how important this sentence really is. That sentence haunted me for a very long time until, surprise surprise, I realized that I have no bearing on where price will go and no absolute knowledge in how it will react at any ...

james16 Chart Thread