Actually I'm looking at the CFD, maybe the index itself doesn't do the pinbar. The CFD is traded since 9am to 9pm (GMT) so the pinbar might be because of the time before the market opens in the US. Picture below with fib levels.

Cesarnc's market talk, gossips, rumours & fun

Everybody else noticed the pin bar in S&P500 and the other indexes? We may have found a bottom for now and USD/JPY is trying to break 110... if it does it might go to around 111.30 at least.

Cesarnc's market talk, gossips, rumours & fun

Guessing this is "since we expect housing to be sucky FED will have to cut" ... so DOW up and USD down?

Cesarnc's market talk, gossips, rumours & fun

H4 PB also on USD/JPY ... watch out for a break of 109.30 (pretty please Mr. Market?)

Cesarnc's market talk, gossips, rumours & fun

UJ has Pivot Resistance AND Fib Level at 1.0977 ... just shorted it at 1.0965... i don't see strength to break that unless the news after lunch are really pro-USD

Cesarnc's market talk, gossips, rumours & fun

Hi, sorry I haven't been updating this. I had some requests from some guys in another forum I frequent and I only been posting there (too much work posting on both forums ) I usually risk about 4% of my account on each trade but I've made some ...

Trades of newbie... we know how it started, where will it end?

Don't know about the others but I already proved that I can spend money faster in FX than my wife in a clothing shop

How Much?

Just saying what we're seeing today so far is basically noise. However no journalist can make a story out of that so they go hunting for "reasons". Possible rate cut is one of those...

Cesarnc's market talk, gossips, rumours & fun

Journalists say everything they want... how can markets be up because of rate cut while USD is gaining strength?

Cesarnc's market talk, gossips, rumours & fun

Easy to say now isn't it?

Daily PIN Bars

You know at which time they speak?

Cesarnc's market talk, gossips, rumours & fun

I don't trade GBP/CHF ... CAD/CHF and EUR/JPY are the only crosses I trade (so far). I basically use James16 price action with Fib levels... and I know I should be accumullating from the top to the bottom but I can't do it emotionally yet. I've ...

Cesarnc's market talk, gossips, rumours & fun

That was a CAD/CHF chart, daily timeframe. Since USD/CAD trades close to parity it is natural that it looks similar EDIT: Actually I'm keeping it cause I'm hoping this is a H&S with neckline at 1.11 which should project to somewhere around 1.07

Cesarnc's market talk, gossips, rumours & fun

Well, CHF is also a "refuge" currency like JPY but it has bigger interest rate. Roll over on short positions (at my broker) isn't even 1 pip while I would pay 3 pips to short JPY. As for breaking... a picture is worth a thousand words (shame I ...

Cesarnc's market talk, gossips, rumours & fun

You guys don't look ad CAD/CHF ? I'm still in with stop loss that nets over 100 pips and I don't have to pay as much in roll over as with JPY.

Cesarnc's market talk, gossips, rumours & fun

Think market is undecided for now. There are some news coming out at lunch time before US markets open, maybe they can decide if we're going to see the PB activated or not. I already traded on intra-day PB of EUR/JPY and got burned so no new orders ...

james16 Chart Thread

My broker closes the daily chart at 20 GMT and the best looking PIN on that time is the EUR/JPY. I entered long at 161.31 due to the break of an intra-day PB. If you want to play safe you can play a break around 161.70

Daily PIN Bars

LOL That explains it... too much time in front of the computer (it was 1.4750 when I looked, thus the screw up). Sorry guys

Silly question

Silly question — Looking at several pairs I got the feeling the market was not being truly efficient so probably its just me not quite understanding what is going on. As I look to the quotes I see: USD/JPY: 109.25 EUR/USD: 1.5 EUR/JPY: 161.25 ...

Silly question