If i may add my 2c Nice short btw...

LJ Forex Group

That looks like a setup worth betting money on. Similar PA on AU but upside momentum seems to be much stronger on this one + D1 continuation PB.

LJ Forex Group

I am not LJ but its clear to me that this setup worked out pretty well. Price bounced 2 times at the demand area and there was enough time to take some profits of the table or atleast move SL to BE. Orders that are stacking at those areas almost ...

LJ Forex Group

Thats interestin PA there. Have a peek at the COT report if you like - Massive amount of short positions to cover. Cheers!

EURUSD

Nice trade. Looks like playing in line with momentum is a rare skill here

EURUSD

.....But in forex the driving force of the non-speculative it is not the desire to profit from price changes. But that is a different topic. Thats right....there is also non-speculative interest in Commodities but it is all part of supply and ...

Why Is Price Doing What It's Doing?

S&P 500 — Hi Guys, This one looks very interesting imo.

LJ Forex Group

Hey PB, You might be right there. I know i don't want to see price dipping below 77.50 and will cut the trade earlier but i'm already in and don't pay much attention to this pair anymore this week ...... Good trading to you

james16 Chart Thread

It doesn't matter if its forex or centralised market. Same principles apply. Summary of (Stop/Market)/Limit orders coming into the market represent the current supply/demand flow. Some players are willing to buy at the market... some players set ...

Why Is Price Doing What It's Doing?

This would be a long topic and a bit difficult to explain. In short... Limit order are irrelevant to current quotes moves. Limit orders are static, they do not move they do not change... unless of course the party that place them, does change them, ...

Why Is Price Doing What It's Doing?

I meant that prices can change without any trading having place on exchange. Passive orders like limit buy/sell constantly change as a result of supply/demand forces and sometimes can have impact on current bid/ask price without any real trading ...

Why Is Price Doing What It's Doing?

Thst is price equilibrium where sellers and buyers are in agreement. Some of you forget that price can move without any buying or selling....

Why Is Price Doing What It's Doing?

Hi HanSolo, You'll find them @ Oanda labs: url Historical position ratios Commitment of traders Cheers! gh

james16 Chart Thread

USDJPY Long opportunity — High probability (in my book ) trade opportunity on UJ.

james16 Chart Thread

USDCAD D1 COT and retail positiong is at extremes. That D1 PB might be sign of profit taking and there is over net 100000 contracts to be liquidated on the short side in Futures market. Retail on the other hand is on the other side with large amount ...

james16 Chart Thread

Same here... I was hoping for some dissapointing news @ FOMC but that did not happen. I see a lot of guys picking tops all the way from 1.3 becouse that move is ridiculous....

LJ Forex Group

QE - who cares about gaps or technicals atm. Sell it on the way down when euforia fades.

EURUSD

I wouldn't be so strict about the 2pips difference rule between the highs becouse it is a matter of avargage bar/candle range. Visually it looks good and it clearly is a DBHLC...... but ..... it never triggered (low hasn't been broken) and entry ...

james16 Chart Thread

Its only true in case of MT4 but that depends on your chart. It may only show BID (MT4 default) / ASK or median price (Oanda). Buy on ASK ... sell on BID.

james16 Chart Thread

One can never be sure but playing with it while IR statement is just ahead during low liquidity time is not the safest game

james16 Chart Thread