I don't know if I'm doing this right, but it looks to me like price is testing the TL. I haven't been around for long enough to have the eyes of Mike or Jim (I still can't believe the Dow A+ setup), but it looks like GU is picking up some fuel to ...

james16 Chart Thread

Pssst... don't tell anyone I told you... but once those caps are sold out, the retailers will pull the plug on the markets, sending the Dow spiraling down. Then they'll start selling these: image

james16 Chart Thread

It's those retailers that have an oversupply of Dow 10'000 caps. They're holding the market up until they get rid of them. image

james16 Chart Thread

Hmm... never thought about. My previous post seems really foolish compared to this. Atc, I hope you will ignore my post and trust the seniors.

james16 Chart Thread

Perhaps you could divide your position into two with one having a conservative TP and the other a more aggressive TP. If the first one is hit, you could manage the second one at the end of the working day and shift the SL & TP according to your ...

james16 Chart Thread

Actually, the line connecting higher highs was the divergence line (higher highs on price chart, lower lows on MACD). The parallel one below it was support - price was trending higher and it bounced right off that line. I thought of using it as a ...

james16 Chart Thread

Here's a nice divergence. I took this trade due to div and pin bar at a swing high. Nothing fancy, just something to keep me on alert while the dailies and weeklies play out. EDIT Actually it's not even a pin - it's a doji.

james16 Chart Thread

Well, in terms of divergence - it could turn around very fast. BRN is a huge resistance to break through of (there's a fib there as well, of course), but the small divergence isn't much to talk about IMO. I prefer bigger divergence - have a look at ...

james16 Chart Thread

Jarroo, Jim16 & mbqb11, what a response! Lovely charts, especially the one with 4 scenarios by Jarroo - these went straight into my 'examples' folder. Thanks guys.

james16 Chart Thread

Wow Mike, that was like 4 minutes it took for you to reply! Did Merlin teach all the folks who were here at the start some kind of dark magic or something? Your answer is just what I wanted to know. I have another one, though (we rookies never ...

james16 Chart Thread

Dear Seniors, I turn to you with a question: there's a small pin* on EU daily. Imagine for a second that the pin has a longer wick, just for the sake of the argument. 1. If the right eye is going to test the pin, would you rather have it test the ...

james16 Chart Thread

I guess it's too late for me or any other cornholios on this thread.

james16 Chart Thread

Are you threatening me? I am King Cornholio!

james16 Chart Thread

Indeed. I can't say much about the H4, my time is off so I don't have a pin there. Nevertheless, the weekly and monthly look very bullish to me. I don't want to go lower than the weekly on this pair, though. I'd like to keep my focus on the weekly ...

james16 Chart Thread

What was I thinking? Easing by the Fed would make the UC fall. Dumb ol' me. Just be sure not to (day)trade around 1 hour and 12 minutes from now.

james16 Chart Thread

Funnymentals aren't exactly favoring this either as the Fed could announce further easing and we got some pretty poor figures from Canada. Have a look at the weekly, though. The week is still only halfway through, but there is a possibility that ...

james16 Chart Thread

video

james16 Chart Thread

WARNING! In case you don't have the habit of keeping an eye on the excellent FF calendar, I'd like to warn you: today is FOMC day - the decision tends to affect all pairs. I've made the mistake in the past of trading near a Fed Funds Rate decision. ...

james16 Chart Thread

There's no pin bar on EC H4. Post a chart if you see one. EDIT. My bad. You were probably talking about the past, not today's chart, right?

james16 Chart Thread

Thank you, Jarroo. I'll keep a keen eye on GU. Maybe I'll learn too see the things that you are seeing.

james16 Chart Thread