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fxprocessor replied Jun 13, 2008Tiki. Great to see you pulled out of your drawdown. I wish you all the best as you seem like a really nice guy but always remember this
Tiki Trader Trades
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fxprocessor replied Jun 13, 2008Take a look at this
No Free Lunch but all the Free Coffee you can drink
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fxprocessor replied Jun 10, 2008I use Metatrader mobile to monitor my positions. It is a reasonably reliable platform. Unfortunately my current broker (Oanda) does not offer a mobile trading platform but I have executed live trades with Metatrader mobile in the past. It very much ...
Mobile forex trading...question....
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fxprocessor replied Jun 1, 2008Hi Balouf Learning to trade price action takes time and you will be best served by reading the entire thread. Pay particular attention to all posts by James. regards FXP
james16 Chart Thread
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fxprocessor replied Jun 1, 2008Hi cmoon10 I spent some time in the PF and would happily recommend anyone do the same if they want to develop their trading skill set. The EURUSD bar you show from friday is at a good support zone but doesn't fit the pin bar criteria I look for. It ...
james16 Chart Thread
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fxprocessor replied May 28, 2008Hi eltrot1979 If it closes as per the one on your chart it will be an inside bar. cheers fxp
james16 Chart Thread
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fxprocessor replied May 28, 2008The retrace of the daily was a great entry. Adding the fact that it was also a retrace of the weekly BEOB from 20/04/08 made it a must take trade for me
james16 Chart Thread
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fxprocessor replied May 26, 2008Monthly retrace of Pin Bar with lots of space below. The pin bar is not the best but I like the swing high position and the fact that we made the first lower low on monthly in about 10 months.
james16 Chart Thread
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fxprocessor replied May 22, 2008Hi Mike If it closed as a BUOB my preference would be long but Im not trading this pair either way for now. cheers FXP
james16 Chart Thread
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fxprocessor replied May 22, 2008Do a google search for ZUP indicator and you will find similar to the one you are after I think.
I'm looking for fibonnacci tools
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fxprocessor replied May 22, 2008Hi Mike If it stays at this level we have a daily BUOB.
james16 Chart Thread
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fxprocessor replied May 18, 2008"An inside bar is a bar which is completely within the range of the preceding bar, i.e. it has a higher low and lower high than the bar immediately before it. An inside bar indicates a time of indecision or consolidation."
The DIBS Method... No Free Lunch continues
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fxprocessor replied May 18, 2008Hi Urchman Have you read the entire thread? It really is worth doing and no single post here will give you everything you need to know about it. Once you learn to identify them you can take retrace entries at fib levels or clear support or ...
james16 Chart Thread
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fxprocessor replied May 16, 2008Looking forward to hearing your thoughts on these price patterns Bemac. With this particular example and your comment about the horizontal support would you favor a buy limit at support with a view to holding for the break of the flag? great thread
No Free Lunch but all the Free Coffee you can drink
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fxprocessor replied May 15, 2008Hi eltrot1979 Doesn't look very good. Open and close of the pin bar is not within the previous bar. The bar after the pin also hasn't moved lower than the pinbar so it is not a confirmed bar and hasn't "broken". Spend some more time reading James16 ...
james16 Chart Thread
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fxprocessor replied May 15, 2008Risk If you enter at a lower price then the market may keep moving in that direction and take your stop out. Potential benefit Smaller stop equals more leverage on your position size.
james16 Chart Thread
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fxprocessor replied May 15, 2008Hi Daymo I took this exact trade this morning and have closed half now at the top of the recent range. I am risk free now on this and the reason I will leave half is as follows. Check monthly time frame and you can see monthly inside bar broke long. ...
james16 Chart Thread
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fxprocessor replied May 14, 2008Seeking explained the confirmation element perfectly. IMHO one other thing you might want to do is do your fib retracements from swing high lows and not single bars. Higher time frame like monthly, weekly and daily may give more success on single ...
james16 Chart Thread
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fxprocessor replied May 12, 2008EURUSD — FIBER Daily pin bar from last week has been given extra confirmation with a BUOB today. Also, something resembling an inverse head and shoulders on the 4 hour chart could encourage the bulls to push this ccy pair higher.
james16 Chart Thread