EDITED. There's something really interesting going on on the GBPUSD pair. We have a bullish pin from M1 all the way through H1 (how the hell did that happen?). This particular pin bounced off of the Weekly pivot and the 23.8 fib right back to the ...

james16 Chart Thread

I'm keeping an eye on it as well. I have a sell stop just below 1.1. If the weekly 150 ema rejects the price and sends it down below 38.2 fib (drawn from the bottom in Dec 09) & 1.1 BRN, I'd like to be in. The weekly 150 ema is sitting just around ...

james16 Chart Thread

Right on, Jim! Dow is below 10'300 and still falling. Too bad I lacked the courage to take this. Oh well, some other time perhaps.

james16 Chart Thread

If your broker is GMT+3 then stick with it or change your broker. If you start 'supplementing' your feed with another broker's, then I guarantee you that you will be very confused. It's like trying to trade the H4 and H1 at the same time. You get a ...

james16 Chart Thread

I don't think those (super)computers sitting right next to NYSE, Nasdaq and BATS pay that much attention to bars per se. Of course, I'm not an algo programmer myself, so my knowledge of the specifics is very limited. From what I know, they make ...

james16 Chart Thread

Thanks. I trade the S&P via CFD which means the prices are sometimes off by a few points, usually at night, of course. By the way, when looking at the S&P, do you pay any attention to Nasdaq 100 (NDX) for confirmation/divergence? Pardon my ignorance ...

Amyc Trade Journal

Amy, I've been following your thread for a few days now. My main interest lies in the indexes. As my broker's feed is somewhat different from yours, I would like to ask you what feed did you use for the latest S&P chart? Thanks.

Amyc Trade Journal

I'm sure Mike or Jim Jarroo can give you a better answer in terms of PA, but here's the way I look at it. First of all, there's a lot of support to be chewed through before price can fall to 10'200 (red arrow on your chart). There is a lot of ...

james16 Chart Thread

Right click on the chart, select 'save picture as': 1) active workspace - saves the full chart along with the borders 2) active chart (as is) - saves the full chart 3) active chart - you can choose the size in pixels I suggest you test all three ...

james16 Chart Thread

Hi 7bit and others who helped me, I don't know if this is of any interest to you, but I made a complete cleanup and it didn't help. The upside is that now I have everything backed up on USB flash drives in case something breaks (I used to make ...

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I agree. I'm just throwing it out there, because you never know what might happen, if you know what I mean. I read a lot of news because I'm generally interested in the economy and the financial markets, but I don't trade off of news. I do take some ...

james16 Chart Thread

Pinbar, I looked up the articles that highlighted the EJ-SP500 connection: url url I don't know you trade the major indexes but with this kind of correlation, it's sometimes good to keep an eye out both the currency pair and one of the indexes ...

james16 Chart Thread

supremeChaos, thanks for pointing this out. If past experience is any guide, expiration weeks usually end counter the trend of the week ie. if the week has been up, then it ends with a dip. This might now have been the case prior to 2009, but it ...

james16 Chart Thread

Looking at the H4 chart, there seems to be huge support building around the 365 ema with 50 and 23.6 fib rets at around 0.6950. I pretty new to the methods used in this thread so Jim and Mike, help me out here: do you use the 150 and 365 emas on a 4 ...

james16 Chart Thread

Jim and everyone who has helped keep this thread alive, happy birthday! Thank you so much for all in input and the positive attitude. James16, I'd be glad to buy you a beer if you ever stop by in Estonia.

james16 Chart Thread

Six gun, thanks! Your advice will be put to good use. Yup. Same here. That's why I'm writing it all down. I've cut back the number of stupid, emotion-driven trades so much that I'm actually turning a profit now. This has given me new ...

james16 Chart Thread

Remember when Jim said one should approach trading as a business? Well, it's all very well, but for some people (that's me) it takes time to realize what it really means. Furthermore, there is a gap between reading someone else's advice and ...

james16 Chart Thread

I don't want to sound impolite, but volume hasn't painted anything the way I look at it. Let me repeat what I just said earlier - around 70% of the volume on US stock markets is generated by high frequency trading. These are trades that last ...

james16 Chart Thread

I don't pay attention to volume. At all. HFT has rendered it completely useless. Take a look a previous rallies from correction lows and you'll see what I mean.

james16 Chart Thread

I know that the daily bar has not closed yet, but how about now? It looks like it has cleared enough to me.

james16 Chart Thread