well, here we are. a couple of hours from the close and still looking good. i'm not strong on negative divergence...that is it that i can see on my rsi, right? i'm in doubt because i am using onanda also - same setting on rsi but it's hasn't made a ...

james16 Chart Thread

it's too early to call it right now but there is another pin bar forming on the nzd/usd daily. this pair is certainly looking overextended now but i am cautious since i know some of you pro's got burnt with those two previous back to back pins... ...

james16 Chart Thread

hello everyone, what a fall! (see chart above for the PA reason I took this) this is my first trade using the techniques i learnt in this forum. i just closed this out for 50 pips profit. i am so happy right now and i have jim to thank. thank you so ...

james16 Chart Thread

hello fellow traders, nice pin bar developing here on GBP/EUR. over here in london, the daily candle is just about an hour away from finishing. it touches two areas of fib confluence - the 61 and the 38. I got these levels by fibbing not right from ...

james16 Chart Thread

right,, same chart. fibbed in the same way....but it looks totally different? the DBH doesn't look as close here but IG are telling me it's only 3 ticks difference. since these useless packages don't write on the fib levels i presume that maybe they ...

james16 Chart Thread

hello everyone, can someone help me here - i'm going frickin crazy with fib on different platforms...here is a chart from onanda - eur/jpy. DBHLC (so far) - highs are 2 pip difference which i remember still qualifies as a signal on a daily. these ...

james16 Chart Thread

ademac, i've been eyeing that pin on nzd/usd too. i'm also watching eur/gbp. there is a dbl (1 pip difference) on the daily and perhaps a possible trend continuation breakout. but here is my favourite. triangle pattern formation on gbp/cad with an ...

james16 Chart Thread

Mike, Thanks for this. I'll have a good read. I've had a huge loss today and have come very close to blowing another account so I am hurting a lot at the moment. I just want to say something to those that may be new to this forum and maybe still new ...

james16 Chart Thread

Hi Mike, Just looking at your chart above with the weekly pin bar...I was under the impression that pin bars needed to have equal "eyes" (in this case, lows) in order to qualify. In your chart it looks like the right eye is much lower where it ...

james16 Chart Thread

for some reason your image doesn't work for me...it won't load. but i just checked my charts for USD/CHF and i don't see a pin bar on the 1hr charts...what time did it appear?

james16 Chart Thread

ok, how about this? dow futures - june contract. dbhlc - (close is lower than previous day's close but NOT previous days range) Both highs at the .61% what kind of ema's should we throw in for confluence? sorry if this has already been covered i am ...

james16 Chart Thread

grish, what can i say? clearly, the better trader won I think it's time for me to get out... well done! T

Trading like a market wizard

hi - i posted a nice dbhlc on the eur/chf, over two four hour bars night, thinking i was going to be showing everyone an example of how this trade setup didn't always work as the market was coming steadily back up. it then formed a tbh and came off ...

james16 Chart Thread

aha - i see! thank-you, i am fairly new to this - slowly working my way through the forum but still way back on page 23...only another 175 to go then...ah well. its only just gone 10pm...

james16 Chart Thread

evening mbqb11, can i clarify what you mean? do you mean to say conservative traders wouldn't have had a long entry triggered because the bar failed to break through? i thought the best way to play dbhlc was to take the trade SHORT at the lower ...

james16 Chart Thread

dbhlc on the 4 hour charts formed a tbh - strong resistance but a stop would have to go just over this area...looks highly likely that anyone taking this signal would get stopped out...

james16 Chart Thread

hello grish, yes, i'm still short and i must confess feeling a bit of motion sickness. the last couple of sessions have been choppy. the aud doesn't seem to have made up its mind what it wants to do although it looks like "itme" above has decided ...

Trading like a market wizard

gmohata, well - i can see you came within 40 pips of target on this... did you close? that's a sharp move down today...

Trading like a market wizard

check out this opportunity in soyabean meal. after a steady run up the price paused to catch its breath. you can see a tight channel. a dbc first and then a dbl and tight resistance overhead - over the four days the highs were just a few ticks away ...

james16 Chart Thread

hello gmohata, thank you for your response. this certainly makes it interesting. one of us is going to be lining the others pockets then i always find it fascinating how two traders can look at the same chart and see completely different things. ...

Trading like a market wizard