Hey 211, This is an interesting formation. Lots of reasons for it go up. This could be a good IB break to go long. I think if it breaks well above 91.00 it could be good but personally I won't take it. It is sitting on strong support though. (AUDJPY ...

james16 Chart Thread

Welcome aboard Phil! It's a great place with great info and great people. Joining the PF will be a great next step. Best of luck, Tom

james16 Chart Thread

Which timeframe are you refering to? What I see on my chart is: a Buy Pin on the monthly (2 actually but neither have triggered), a BUOB last week for the weekly chart that broke to the upside but has dropped since then, and a neutral bar on the ...

james16 Chart Thread

I assume you mean spread increases during news releases? That's common across many brokers. Others are even worse. Not much you can do with retail brokers. Too many people were profiting during the news spikes. By widening the spreads they make more ...

Interbank Spread

Hey Kevin, I also took a couple of the 4H pins on the JPY pairs. And IMO, these trades were a little risky. That's why I didn't take more and why I reduced my position size a little bit. They were risky in my mind because of the very strong and ...

james16 Chart Thread

Hey Zee, I think you mean the James16 Private Forum correct? You need to sign up for that for a monthly fee. The website is www .james16group. com But if you haven't gone through this forum (the public/free one) I suggest you do that first. Take ...

james16 Chart Thread

I took a couple of the JPY pairs, EUR/CAD and NZD/USD. A lot of them looked pretty good too. Oh well... I guess it was one of those days. It was either going to be a big winner or big loser. This time the Pins lost. Gotta shake it off (easier said ...

james16 Chart Thread

I'm sorry to hear that. Which ones did you take? It was pretty crazy. I can understand if all the JPY ones failed cuz they usually go hand in hand. But there was another 4-5 pins that also failed.

james16 Chart Thread

Dang! All those 4H Pins I was talking about yesterday night got smoked. Almost every single one of them. I took a few with small positions and good thing they were small. That was ugly.... Tom

james16 Chart Thread

Wow... There's the different feeds for ya. If you're able to, you should get a hold of the InterbankFX version of MT4 which uses GMT. Today is madness. Hopefully some pips will be made.

james16 Chart Thread

Man, there must be like a dozen 4H Pins right now. All the JPY pairs, USDCAD, EURCAD and some others (AUD & NZDUSD). I'm in overload.... Tom

james16 Chart Thread

Hey Wiz, That sucks. I hate it when that happens but it's the name of the game. It's hard to get the perfect exit and not leave some profit on the table. That's probably the most expensive pack of Tooty Frooties you'll ever buy. Take care, ...

james16 Chart Thread

Yup, the GBPCHF did as predicted. I think it was Mamutot who was asking about shorting this yesterday. This bounced exactly off the support. If you took this Pin short, you would've been in and stopped out within hours. There was actually a very ...

james16 Chart Thread

Yeah the GBPCHF Pin looks ok but that resistance it just broke should be treated as support until proven otherwise. It's too close for me to take this trade. If it goes down and breaks that 2.4750 area then I will re-evaluate. There's also an ...

james16 Chart Thread

Hey Tiki, Ok the "mbqb special" is a made up term. (I think by Raz ) As you all know mbqb11 (Mike) is a brilliant trader that's always around here. His favourite pin is a Pin that occurs at a swing high/low retracement of the main trend. ( I hope ...

james16 Chart Thread

Dave, I'm pretty sure that you have me mistaken with someone else. LOL You're right about Mike though. But I appreciate the vote of confidence. I'm always up for a good chat on these subjects. PS: I think my use of the word "specific" in ...

Fibnacci trading..Are U thinking what i'm thinking?

Pablo is right. Your question is so general that you can get 1000 different answers. It all depends on the system you use. There are traders here that use the 1M timeframe all the way up to the monthly. Find what works best for you and is profitable ...

Trading Full Time...

It's all in good fun man. It's all about having good conversations and stating each one's opinions. That's the best way to be exposed to different ideas and points of view. And ain't that the main goal of this forum? For all of us to ...

Fibnacci trading..Are U thinking what i'm thinking?

Although I appreciate your opinion Dave, we'll agree to disagree. Just because we can't predict price down to the pip, does not make the market random. I guess everybody's definition of random is different. What we're trying to say is that the ...

Fibnacci trading..Are U thinking what i'm thinking?

I agree 100% with this. I used to think that the market is more or less random. And to most outsiders (retail traders) without knowledge of the inner workings of the market this is the case. But price moves from a reason. Maybe we don't know why or ...

Fibnacci trading..Are U thinking what i'm thinking?