Autsch, in the last minute he turned around and prevented building that 4h pin bar. Well, the outcome of the game is open again.

Cable Update (GBPUSD)

Yes, I have some “short feeling” at the moment too. The situation is not so really clear. In fact, price action is prepared to point down. In the daily chart we had a indecisive bar yesterday and the 4 hour chart is just preparing now for a pin ...

Cable Update (GBPUSD)

AUD/USD Reverse pinbar — Hi James & Co, I think I do not need to emphasize how much your work has helped small traders (like me). Hundreds of others have it already done, so don’t feel bad If I simply reconfirm their statements. While ...

james16 Chart Thread

Pin Bar — Keep in mind the lessons from the James16 thread!!! We had yesterday a reverse pin bar. Not a perfect one, but with high probability. (The bar in the read circle may be the possible subsequent move.) Seismo

AUD/USD

Thanks for the solide argument. Technically, the long term case has to be verified by breaking the 0.9387/0.9404 level. The short term case is currently drawn out of the feeling "...there must be a correction...". Everyone knows that this is not a ...

AUD/USD

The pity thing is that the crowd is opting mostly for the spending as long as gives them their money. Only few know that afterwards the money is only half worth. And the main crowd is generally realizing it (if ever) when they only get a fraction of ...

Cable Update (GBPUSD)

Right, GBP is acting like a wild goose the last half hour. It looks like that small players shall be shaken out. EU, AU and others are staying relative calm.

Cable Update (GBPUSD)

I think you mean it different as you write, so, please spell it correctly! ...AUDUSDairline wish you a nice noosdive.

AUD/USD

Also congrats to your "round number". For my consideration you are right, perhaps a little early. Remember, markets can overreact and drag on a while before considering fundamentals - especially Forex.

AUD/USD

Ha, I think we had the biggest move on the “FF-serverload” tick chart.

Cable Update (GBPUSD)

There is a certain possibility that it plays out in this way. But for all newbees, I would strongly advice to consider the possible outplay of the old trader’s saying - buy the rumor and sell the fact!!! For my feeling the talking of better US ...

Cable Update (GBPUSD)

My feeling, there may be another drop down next hour for making an outside bar on daily. If that materializes we may see 1.6185 +/- . That could be then a possible long scalp opportunity. Ha… as I am typing this, she decided to go on.

Cable Update (GBPUSD)

Right, 1.6326 is also supported by the 38.2% fibo level of our down move from 1.6457 to 16244.

Cable Update (GBPUSD)

Dollar Party ??? — Well Bro, somehow I am in your camp too. But I take my guide from the stochastics. On the daily charts of all the major crosses the following assembly caught my attention: G/U -> high overbought, just crossed; E/U -> ...

Cable Update (GBPUSD)

Yeees, the almost forgotten Strong Dollar Policy. That’s the reason my chart us going up, up and up.

Cable Update (GBPUSD)

Stochastics — Careful bulls, 30min, 1h and 4h stochastic building up an alignment for the hours ahead! Only the daily stoch. is in the lows but still can build an “dead cat bounce”. (And keep in mind, Mr. Bernanke wants shortly to give us a ...

Cable Update (GBPUSD)

So well, go on for what you are waiting?

Cable Update (GBPUSD)

Aahh yes, Mr. Bernanke, I almost forgot your Strong Dollar Policy.

Cable Update (GBPUSD)

You are right, gov is reporting only the favorable U3, and that's what the average Joe is believing. But the real rate is U6, and it's 17.5% as of now... aahhhm last month. Seismo image

Cable Update (GBPUSD)

I am fully with you. Also three weeks ago the market has ignored (willfully by the profis???) the niche Pinoccio bar. It must have cought a lot of folks. I am wondering if they play it this time vice versa. Please keep in mind the equity market (it ...

Cable Update (GBPUSD)