I am thinking we may still see 1.2650 however you are right, i am waiting on price action for a bullish move as well. At the moment price is moving really slow so there is a bit of indecision on this market, however i imagine that will not last too ...

Price Action and Trading Discussion

You must be a scalper, depends on your strategy if you ask me.. I am usually going for over 100 pips per trade so these sorts of problems do not arise..

You get into your trade, and suddenly nature calls...

I agree, the market seems to fighting in the one position, on one had a strong support area around 1.28 ( i know it is below now ) and on the other sellers trying to sell it down to 1.2650.. As the fight has been going a while now i would not be ...

EURUSD - why did the market suddenly go flat?

Exactly what i was looking for thankyou..

Time till candle close indicator?

More than a Key — Hey All, I cannot agree more on the topic, this is probably the hardest hurdle for many newbies in this type of business.. Forex is not about luck at all, it is skill based with patience, discipline and waiting being the key ...

Patience in Forex - KEY THING

Hey Quezoy, Nzd and Aud pretty much move the same as each other.. Correlated.. So if aud goes up so does nzd.. I would expect a drop on aud around 1.03 area again today but anything could happen, which would mean a drop a nzd around 0.80.. I trade ...

Price Action and Trading Discussion

Almost drawn the same as my charts, nice setup, if you do breakouts just be cautious of a fake out.. The AUD loves to do fake outs.. For safety wait for a retrace on a break and then enter after it starts to move away again.. That is my opinion ...

james16 Chart Thread

Bad US Retail Sales pushed it up yesterday, otherwise it was definitely on the way down.. I still expect it to return to 1.00 par soonish though.. Unless of course the Euro zone fixes itself really quick.. I guess that is why price action wins ...

Price Action and Trading Discussion

Read the whole thread, nice points all however i think we need to look at the facts a bit as well.. I have been trading for a while now and i have noticed one thing in common with all the big traders that trade big lots and make big money. They all ...

People say systems don't work (only pure price action does)

Thats a good way of assessing it overall of a fakey.. there is always so many names for all these types of candles.. fake break, forms a pin like look at a major support or resistance ( breaking it with the tail ).. These are generally always good ...

james16 Chart Thread

Hey Ricosta, Pin bar is the fakey..

james16 Chart Thread

Your stats look fine to me.. As long as your winners are bigger in size than your losers.. What i wanted to add is that sometimes to improve it is easier to look at your losers and make money when trades do become losers. Not everything in forex is ...

Why you suck at trading

I am watching this one as well, looking for a good price action signal.

james16 Chart Thread

It looks good to me if the buy order opens above that candle on the next candle, if it does not open above then i would ignore.. Put the stop loss below the wick.. Nice spotting, i will check it out as well now..

Price Action and Trading Discussion

Nice trade guys, i would be careful of the possible support at 1.2244 to 1.2250 level.. It may bounce there.. You should be nearly 80 to 90 pips up by then though.. If it passes that area it should be smooth sailing and hopefully lots and lots of ...

Price Action and Trading Discussion

Hey Darkwolf, I am watching the aud as well.. I just noticed you have round numbers lines printed on the chart, do you use them like support and resistance areas or..? I use daily and weekly support and resistance lines only drawn on by myself for ...

Price Action and Trading Discussion

That was unfortunate that one as it sure was on the way down.. Its a bit like an extended break of support.. But way extended.. If you look to the left on the chart you can see a minor support where it bounced.. Also now that it is hitting ...

james16 Chart Thread