The EU double top on the monthly and the clear H&S pattern on cable's weekly chart forewarned this was going to happen. The Aussie on the other hand gave little sign except the PB's on the weekly and monthly. Goes to show how strong a signal they ...

james16 Chart Thread

782-783, yes then 650

AUD/USD

She came 6 pips short of my entry point. Will cancel the buy stop if the price breaks the PB low.

AUD/USD

Yes, you are right on there. See my chart zoomed below, you'll see the EU PB was actually entirely below the support line and failed to close back above it in the next few sessions. The price is now moving away from it. So yes, it is now resistance ...

james16 Chart Thread

And yes, one of my feeds the bar looked a bit suspect. Another feed however it looked plausible. I still think the position of the close is important (above/below PPZ).

james16 Chart Thread

Hi pipsja, I generally prefer the close of the pin bar to be above the PPZ for a potential long and below for a potential short. The EU pin closed below the PPZ and found it very hard to break back above and close there. This is not one of Jim's ...

james16 Chart Thread

You may be right, there's a nice pin bar on the daily to keep an eye on

Trading Aussie Jacko Style

Not sure what time frame you're referring to, but the Aussie primary trend is clearly up. Yes, I noticed the PB on the UJ. Good spot too, testing resistance turned support.

james16 Chart Thread

Oh ya mon, the potential weekly pin bar on the AU would be grand if she plays out. If it does, 0.98 and beyond here we come

james16 Chart Thread

Yes, they key word is consistency. Assuming you have no losses, that would be do'able. What if you lost 3 pips each day though? And we must take into account the spread is usually 2 pips

EURUSD

Come on Aussie, come on, come on. Come on Aussie, come on!! Buy stop order 10 pips above yesterday's pin bar. Getting close now You should have nice green pips Tex

AUD/USD

Over trading is just like it says, too much trading. Having to be in a position for the market's every move. There is not a person on this planet that can pick the market's every move. If they tell you they can, they are full of utter BS. Plus ...

EURUSD

Agreed The smart traders are sitting on hands waiting for the next major move to surface. Over trading is the #1 killer of accounts {repeat to one's self every day} If one could really predict every single move of the market, they ...

EURUSD

Picking the actual direction is about as good as a coin toss at the moment. Below 1.4817 may send it towards 1.44. Above 1.50 may send it towards 1.53. If gold keeps this move up, my bias would be up.

EURUSD

GDP came in a little better than expected. Gold is also up.

EURUSD

Ditto, long limit @ 1.50 flat Gold is making a move up, could help the cause.

EURUSD

Yea mate, very true. We've got to be in it to win it. Only thing I see against us is the talk of an interest rate drop. 50 bps is a little optimistic when our inflation has not really dropped yet. That said, I do love collecting swap on this pair ...

james16 Chart Thread

Yea for sure mate, let us know when you're in town. I'm just up north on the sunshine coast about an hour drive from Brisbane. Great fishing all around this part of Aus too.

EURUSD

It's not too bad actually, I really like the reduced stress. Set and leave, not worried about the outcome. Mainly looking at the weekly charts for this though. I do however like to check the dailies each morning like you to see how they're a moving, ...

EURUSD