Yes, that is pretty much the idea. We like to see it break through, and pull back to support and hold. Perhaps a 4 hour pinbar or something. (On your daily example.) As a side note, that trade formed a 1 hour pinbar on support. (from memory.) CW

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In my example, I was saying buy the stronger of the two in the cross-pair..... So if AUD was stronger than NZD, you want to buy AUD/USD. This only counts if they are both stronger than the USD. So you would have in order of strength: AUD NZD USD You ...

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That's pretty much what I do as well. Clockwork

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These minor areas I tend to use more for hiding stops behind. In a manner of speaking, it's where I put stops to let a trade run.....somewhere on here I have an exit example chart, this is a perfect example of what I look for.

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I tend to look for some type of candle formation at areas such as this. To be honest, I am interested in shorting this pair, but maybe not here.....maybe a little higher up. In fact, I am waiting...... By the way, thanks for the personal note on ...

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huh?

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All pair have a use. — One thing that looks obvious to me now, but not when I started was this: All pairs have a function. Not all are trader-friendly, but they all mean something. Some pairs like EUR/USD are very, very liquid and are great ...

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Recent ouside bar. — This is a recent outside bar that was printed on the USD/JPY chart. It broke and went to the first "hurdle".....

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That isn't a trade to be involved in. Smart traders don't get involved with Central Bank interventions. SNB (Swiss National Bank) was involved in a currency devaluation last night. It is NOT something you can prepare for, or anticipate. Although, ...

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Why this stuff matters.....now. — Last night in my webinar, I had a lot of complaining about "The lack of trades out there." To be honest, I had not thought about it too much recently. I always wait for price to come to where I want it to ...

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You obviously have a stronger stomach for risk than I do if you have made 10 percent a week.....but if you are comfortable with it.....I have no issue. Congrats.

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If it's not clear.....a lot of the time it's more of a "range". Sometimes you will see a 50-100 pip "zone", which I treat as a thick line. However.......I am glad you brough this up. Most of the CHF pairs tend to have these. (For some reason, 80 and ...

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No Price Action....I typically will ignore it. Unless of course it's with a major trend......then I might give it a little "wiggle room"

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Thanks..... I woudn't expect much tonight. Wednesday is the night I give webinars, so time is a bit tight. I should have some more stuff up tomorrow.

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Bloomberg isn't as widely available as CNBC. I do really like Bloomberg in Asian session though, really in depth on topics we Americans harldy ever pay attention to.

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Yes, certainly.

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I found out Jarvis was on the Apprentice. Season 1 I believe.

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Well as far as a pure price action play, I would have had my stop above that pinbar, and it would have never got taken out.....so I would still be in the trade. Of course, oil is a VERY EXPENSIVE game, so I probably would be a little more careful ...

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Yeah pretty good that was.

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Morons on CNBC — I was watching CNBC this afternoon at the end of the trading day. (Actually, I was playing World Of Warcraft with the tv on in the background.) I heard Maria talking to someone about "What are you trading today", as usual ...

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