watching this possible triangle forming on NZDUSD, going to zoom in on H4 and wait for a nice trend to develop and buy pullbacks in that

james16 Chart Thread

we gotta talk on skype i sent you a PM

james16 Chart Thread

what age are you?

james16 Chart Thread

heres my trade off H4 which i took on hourlies, damn. im beginning to move away from hourlies and onto H4 , smoothes out the noise of hourly. i want to cover half and let the rest run at BE but this demo account won't let me. i made (virtual) pips ...

james16 Chart Thread

sold a rally in eurusd at 1.4, nice retracement, dollar is getting very bullish and good econ data today . image image image

james16 Chart Thread

buy the dips

Trend Trading Chart Thread

Also, USDCHF looks like it needs a pullback, thinking to its 50 or to a trendline, this trendline isn't really 'real' it's just that on average that's where the lows have been formed=get long on the pullback

james16 Chart Thread

im unsure about USDCAD, i just don't like shorting the dollar after such good data, dollar is overbought short term so yeh you could go for it, i had the same trade in my books. here's one im in now in case i've come off a bit anti-PA , I'm not i ...

james16 Chart Thread

is that like GDP etc?

forex fundamentals-where to get started?

i've already done the ' if better than prediction buy buy buy ' trick but that's just noob. looking at a more global macro economic outlook

forex fundamentals-where to get started?

beware of gold and commodities, it's more than just 'price action' , gold is a supply/demand market and the D/S is driven mainly by economics. the dollar etc, that said, if a market is trending upwards you'll probably make money buying.

james16 Chart Thread

you guys don't use moving averages? dang, i couldn't do it without them, 20,50,100 are great for hourlies, buy pullbacks i hourly trend with pin bars as an entry

james16 Chart Thread

eurusd is due for a bounce which could form a short term uptrend on hourlies, pippy have you ever tried 2x ATR as a stoploss, it's simply amazing, provided you are in a trend...

Spot FX Day Trader's Thread

fair enough, if you make money doing what you do then keep doing it .

james16 Chart Thread

try eurusd and usdchf- its simply amazing how correlated they are, they mirror S/R , but dont go long both, think of going long eurusd at support for example, then check usdchf-if it's smacked into resistance then go long eurusd

Pairs to watch along with eur/usd

There's one reason eurusd has sold off and sold off hard-undwinding of the short-dollar carry trade as greece came out with that crappy news. honestly wtih us gdp so good im just going to watch hourlies and not do anything stupid

EURUSD

im not sure whether i want to short the dollar in any way after strong GDP data. take a seat back, short EURUSD on a retrace instead

USDCAD trend reversal?