If you know how to use that fact then yes , they are tradable.

james16 Chart Thread

Yen is a low yielding currency. When risk aversion kicks in, it gets buyed - money are getting transfered back from hihgher yielding assets like aud/nzd/eur.... NZD on the other hand is high yield currency hence you got selloff in case off ...

james16 Chart Thread

Maximal Drawdown 53%

james16 Chart Thread

I wish i would understand something but i am not able to extract one clear thought from this. It sounds way to complicated for my friday evening state of mind.

Order Flow - Achieving the mindset

OK....Anybody has any idea why USD is being sold so strong now? Is it the friday thin liquidity or QE3 just kicked in There must have been some BIG stop orders above the 1.3850.

Order Flow - Achieving the mindset

First move might be just traders escaping from long yen positions in impulsive panic mode after the earthquake news hit the board (NZD weaken a lot during first hours after the earthquake but this is different since NZD is higher yield currency). ...

Order Flow - Achieving the mindset

C/J - First stronger support reached. 83.50 would be nice second target. Shorted EURCHF at the daily resistance. Should have shorted EJ instead but this one might get a good kick later aswell.

james16 Chart Thread

Agree on that. With current market theme holding usd shorts is too risky but nevertheless this triangle doesnt encourage me to short it. There are other pairs more infected by usd strenght and risk aversion at the moment.

james16 Chart Thread

85.37 capped the rally. Right now it is free trade.

james16 Chart Thread

Anybody took H1 pin on AU? Beautifull setup 0.9990 - 1.000 looks like strong intraday support area now with SL orders probably stacked below that.

james16 Chart Thread

Just read Raczekfx / Lovejoy80 / BRV threads if You didn't yet to get some idea. Intramarket analysis is just another tool in the box.

james16 Chart Thread

There is a strong corelation on cad-oil last days and it looks like Oil is taking some air right now. With strong selloff on commodities today and weak indexes CJ might be good on the short side. 85.20 - 85.35 looks like a strong intraday resistance ...

james16 Chart Thread

I would enjoy such a thread.

Order Flow - Achieving the mindset

That one was few (4/5) pips shy from daily support 84.20 so i believe You should cut it BE. The bar shape wasnt that bad but surrounding trafic and strong CAD overall made me skip that trade. Try to find some info about inter-market correlation ... ...

james16 Chart Thread

In this context i wouldnt put much emphasize on that close plus we have over 20 days to monthly candle close. It looks like unnecessary complication to me.

james16 Chart Thread

This buob might be good continuation signal but i would like to see price test the breakout area at 114/113.50 first. We look for the most confluence areas and this area hold much importance.

james16 Chart Thread

Stay on the sideline if unsure. Wait for better setup.

james16 Chart Thread

I like this view Current market conditions favors strong eur vs yen plus we have Monthly & weekly BUOB. This daily pb might be just some profit taking before the weekend and comparing it to the strong upside momentum i would rather look for ...

james16 Chart Thread

If gold manage to stay strong then it shouldnt take long time for a/u to broke that res imo. I am already building small position in anticipation of breakout.

james16 Chart Thread

Hi John Actually I've scalled in before those h1 lows were broken and took some off the table when the momentum didnt kicked in when price protruded thru those lows. Very tricky this pair is.

james16 Chart Thread