No longer a pin now........who knows could close as a beob.

james16 Chart Thread

Even though I don't consider it a great pin (I'd prefer a much bigger bar/nose), I like the following: 1) 50% fib of last move down 2) Nice round number rejection at 1.40000 3) With the down trend 4) First retrace back to prior support I think this ...

james16 Chart Thread

I am not saying 100% do this always, just more saying don't go chasing just because you were stopped out at break-even, i.e. have a reason to reenter. Nathan

james16 Chart Thread

Ha ha........that was funny Nasir! Once you are managing millions of dollars maybe he will listen then...

james16 Chart Thread

Nasir: Tell him he should listen to HIS brother-in-law more often........ha ha. TIPS... A commissioned brokers best friend Trusting In Peoples Stupidity

james16 Chart Thread

That usually happens on Thursdays though (the stagnant market before NFP)......this is a bit early for snail races

james16 Chart Thread

USD pairs — Anyone else get the feeling something is about to happen on these pairs one way or the other? They have kind of been meandering along with no real big moves either way today. Could just be one of those days, but I can almost sense ...

james16 Chart Thread

That is hard to say until after the fact ()....it is always easy to know then. Honestly, if you are out at Break-even I wouldn't rush to get in unless you get price action on the 4hr or 1hr telling you to short again. Sure, this could drop and ...

james16 Chart Thread

usd/cad — This is how I view it............

james16 Chart Thread

I do that as well (1/2% on two trades), makes for interesting trade management as you can take profits on one, let the other run or move to break-even on one and so on. Nathan

james16 Chart Thread

I prefer Usd/Cad.....much better close on my feed vs. Nzd/Usd. That pair is at 1.70, pivot zone, and there is good space between last touch of area. I won't enter unless it breaks south of 1.06 vs. the low, but that is just me. Sometimes those round ...

james16 Chart Thread

Each to their own.......Many times I wake up and my TP is already hit and I am out of the trade. .7300 is a major pivot and it has bounced off of here several times. .7200 is the first area of possible resistance, so it makes sense for my style of ...

james16 Chart Thread

Assuming it closes correctly, my low will be below the buob with an initial TP at .7194. 1/2 will be taken off (if it gets there), the rest moved to break-even with a final TP of .7293 for the remaining half. My entries will be staggered though ...

james16 Chart Thread

Their charts blow anyway........but just in case you didn't know you can remove those hours off your charts (on the weekend) to avoid all the dashes like that. I really only use their charts for early Sunday trading to see what is going on. Nathan

james16 Chart Thread

Well I have only had had one losing month out of 12 doing exactly that(swing trading dailies), completely ignoring fundamentals other than avoiding entries right before NFP reports. Thanks to my recent aud/nzd and gbp/chf trades I have already ...

james16 Chart Thread

Thanks for the clarification, that makes more sense now.

james16 Chart Thread

Can you elaborate on that statement? Nathan

james16 Chart Thread

If it breaks down I am 90% confident we get to 1.6770 - 1.6810 area (not necessarily today but Monday or Tuesday). It is definitely starting to fester at 1.6900. Nathan

james16 Chart Thread

OFF TOPIC: Its Friday — Enjoyed all the ice hockey talk I saw........I played AAA from about 5 years old until I was 16 (that was many years ago) in Michigan and several trips to Canada. What a great sport and release physically, kept me out ...

james16 Chart Thread

Eur/Gbp — Personally I like gbp/chf better (other than being the fourth test of 1.7000). With Eur/gbp there is a fairly strong ppz around the .87 to .8730 area which isn't very high above the break of the pin. Only after the fact we will know ...

james16 Chart Thread