Oops, that's what I did yesterday. Once the price broke through the pivot point and the bar closed above it,,,,, I went long. Thanks for clearing things up Jim. Habeeb

EURUSD

When does the two R1's become support, or does that only apply to trendlines (resistance becomes support)?

EURUSD

Your short would've had a lovely run down +-100 pips. Unfortunately I got stopped out by 5 pips, and missed the run up again. I wasn't at my PC today. Just got in. I still think we'er headed up. Looks like another Pin Bar setup forming on the daily ...

GBPUSD

No luck with gold too. This market seems too confused to me. A bit slow but sometimes it moves well. Haven't followed it the past week. There were talks of the price reaching $500.

Gold Discussion

Cable just broke up through the daily pivot (1.8000). Firsrt resistance 1.8046. Will be moving stops to breakeven now. HEY ... anybody. Please correct me if you see anything wrong or have a different oppinion. I'm new to trading too. We'll learn ...

GBPUSD

no images again — Does anybody see the attached charts or just the links. I'm wondering whether there's something wrong with my browser. Or am I doing something wrong to display the charts?

GBPUSD

GBP going up — I'm new to GBPUSD too, but I'm sure trading is trading is trading. So here are 2 charts based on what I've learnt so far from James16 thread. I've also read that the nickname for cable is "terminator". image image

GBPUSD

MB, wanted to ask you whether it mattered which MA's cross first. Sometimes the 10 crosses the 50 first and the 25 is still catching up. On today's USDJPY 15min chart there's such a case. Thanx

Ok I don't get it please help

Unless you found FOREX FACTORY first.

Ok I don't get it please help

Dblhc — Double Bar Low Higher Close Does the close have to be higher than the first bar's "open" or "close"? Do you trade Equities too. Can your techniques be used for Equities too, or is that market more fundamentally driven. Thanx Oh yes... ...

james16 Chart Thread

GCI Trading also allows you to "buy" & "sell" with the same account. I'm using Global Trader, they also allow that. I know someone that trades similar to this. He opens a "buy" and a "sell", but he puts his stop and limit in. When the stop of the ...

about strategies

Sounds more like openning a "BUY" and a "SELL" at the same time.

about strategies

Thanx Jim, I'll start watching the Daily's and Weekly's more to see if I can see a move coming?

james16 Chart Thread

How do you??? — How do you keep track of all the stuff you trade? Multiple screens? Certain time of day for each one? 150 inch monitor? I toggle between charts but more often than not, I miss alot. Missed the BIG oil down-run today. Thanx

james16 Chart Thread

I think I found the answer to my question in post #213 above in another thread.

james16 Chart Thread

Thanx guys — You actually get an indicator for S/R ... WOW. Thanx Lou Thanx to you too, Redleg. I'll check out Stormy's website.

Let's talk about trends I'm confused

"The trend is your friend" ... I think of it as "go with the flow". "Trend" is the same as "market direction" (correct me if I'm wrong). Wouldn't it be safer to open a trade in the same direction. Redleg, I've tried trading using ...

Let's talk about trends I'm confused

Quick Questions — By "confluence" you mean two or more levels at the same point. eg. A daily pivot and a fib level at the same (or close) point? OR, a weekly pivot and a daily pivot point being the same? From what I can make out from the ...

james16 Chart Thread

Question remembered — Hi Jim, and everyone else. Here's the question regarding the mini oil trade I mentioned before. image

james16 Chart Thread

My trade — Hi again, Here is one of my 2 trades today on S&P. Both were closed in profit. Thanx for your encouragement. I still feel that I'm missing something. I don't have any MA's, indicators, fibo's, etc. I use pivot levels ...

james16 Chart Thread