What if Bernanke comes in and cuts interest rates to try and stabilise the markets? Greenspan himself did it in '98 to avert the credit crunch with two rate cuts. Where would this leave the USD? If you are looking for a continuation of wider trends, ...

james16 Chart Thread

Crude oil — I took this pin bar before the close. I am +21 ticks as of the close. The pin is not the best (close not withing the previous body) but the area it bounced off was previous strong resistance.

james16 Chart Thread

So much for the "market crash". I have to say, it seems that whenever I feel "certain" of something, it never transpires LOL...

james16 Chart Thread

Yep, I'm still short this off that pin bar...

james16 Chart Thread

I think we are going to see some serious downside in the carry pairs and market indexes today...key support has just been lost on the Dax and the Dow is barely managing to keep its head above it...GBP/JPY is literally sitting on it too...good luck ...

james16 Chart Thread

Hi Tw0eleven, I've been looking at the hourly a lot lately. As raczekfx said, it has offered some great opportunities in the last few days with regards to r:r ratio. Here is a trade I just closed. I entered on the bar with the arrow (next to the ...

james16 Chart Thread

The markets are so cool to trade right now - check the GBP/JPY! Long may this last

james16 Chart Thread

Hi didymario, IB - stops are usually placed just above/below the IB. For example, if you trade an IB long then you would place a stop just beneath the IB. Pin bar - stops are placed above/below the pin. For example, if you trade a pin bar long then ...

james16 Chart Thread

I'm not sure I fully understand this...and I like to try and understand everything...can you explain Seeking? P.S. Whereabouts in Germany are you from?

james16 Chart Thread

Are you still bearish Seeking? I'm building a long position in the Dax...should have checked your journal first...lol

james16 Chart Thread

Don't worry...we all make mistakes — Did anyone else watch the Dow/Dax into the close last night and wonder what in the hell was going on? I thought world peace had been declared!!! After a day of indecision with price basically going nowhere ...

james16 Chart Thread

Nevermind NFP - how about the GBP interest rate statement in a couple of hours? I am still short the GBP. I am sure that, sometime soon, the pins will start working again

james16 Chart Thread

EUR/CHF — You can't be serious! A pin bar with a huge nose off the 150ema, indicating to go long and I've just gone short off a monthly pin?! This is the third trade I've done in this pair in the last two weeks! Two stopped out for large ...

james16 Chart Thread

Seeking, I was long when it first broke overhead resistance. I then got stopped out when it came right back through and hit the bottom of the range. I then went long again off a daily pin bar right at the bottom of the range. This went into profit ...

james16 Chart Thread

I'm still trying to pin down (pin, get it?) the movement in EUR/CHF. First I was long and got stopped out, then I tried to go long again and got stopped out again. Now I have reversed and gone short...stubborness is never good for your account ...

james16 Chart Thread

Ian, you don't have to be that active. I am in a full time office job but I pull up the chart a few minutes before the hour, every hour and if there is a setup in the direction I am positioned, I add to it. I try to make sure that when I do this I ...

james16 Chart Thread

Ian, The pin worked although my personal style of trading is to then drop down to the hourly and double up as additional bullish/bearish setups present themselves. That way I am swinging a big line when the move really gets underway. Very, very ...

james16 Chart Thread

You're welcome CateFul, although I have to say, your avatar really scares me!!

james16 Chart Thread

Then those 20 year traders haven't met you, Jim! Because I've only been calling moves like that since studying what you teach us

james16 Chart Thread

LOL

james16 Chart Thread