I hope you'll be proven right, but for now I still consider it consolidation PA.

Cable Update (GBPUSD)

ECB minutes is a report, but I guess you know that and was referring to Lagardes speech. I'm not sure where to find it, but my best guess is the website of the ECB might feature a stream. I have to add though, I've watched central bankers speak ...

Cable Update (GBPUSD)

Starting less than an hour from now, the market is likely going to get volatile, because of the ECB policy minutes. An hour after that, US retail sales will keep the volatility going. So since I guess you're scalping, consider this coming hour a ...

Cable Update (GBPUSD)

Said a couple post ago that I'm quite short the GBP and I'm long EURGBP from .8515 eyeing .8992 Also 2 shorts in GBPAUD.

Cable Update (GBPUSD)

Some potentially market moving news coming out in about 1,5 hours from now (check the calender). Also Lagarde will speak tonight, which I think will not only move the EUR, but also the dollar and pound. In short, quite some volatility to look ...

Cable Update (GBPUSD)

By consolidation I mean a cluster in time where price does not decisively move one way or another. I'm not quite sure what you meant with buyers or sellers joining, since there's a buyer for every seller and vice versa in every transaction. The ...

Cable Update (GBPUSD)

You might be right about that. I'm quite short though, but hoping for a spike to 1.31 when ECB policy minutes come out, to add some more. From the looks of it, I think the upside is more likely than the downside. Only question is the extent of the ...

Cable Update (GBPUSD)

Looks more like a consolidation to me.

Cable Update (GBPUSD)

He guys, I just went long on this pre-emptive H4 BUOB on USD/CAD: image The other trade on the chart is from the monthly wick, SL > BE. image I'm not quite experienced in trading pre-emptive break-outs, so criticism is quite welcome here.

james16 Chart Thread

I'm looking for this upsloping wedge to confirm the lower bound; would make a good area to look for PA. image Trade safe

james16 Chart Thread

Currently in this one: image H8 PB at what I think is a great location. Daily perspective: image I may kick down that TP if it slides fast.

james16 Chart Thread

He Mike, Nice going! I too was looking to exit at the low of the BEOB, as I had enough already, but I wanted more, only to see it bounce :/. still a winner though and a beauty at that...

james16 Chart Thread

He GB, I'm still in on AUDJPY, but with a weekly entry: image Also, EUR/CAD: image Update: Closed both for a combined .5% profit (about 1/3 risk), because EURCAD bounced off the weekly low and AUDJPY didn't break the high of the weekly BUOB. The ...

james16 Chart Thread

He guys, Hope you had a good week! Here's some possible action in the CAD for next week, to keep an eye on. USD/CAD: image I'm looking PA to confirm a bullish continuation off of the confluence area around 1.375 EUR/CAD: image Beautiful BEOB @ ...

james16 Chart Thread

I'm back on the sidelines for now, as I took a small +8 pips on AUD/CAD, corresponding to just under 0.1% (risk was .75%). My trade explorer seems to be way off in the return precentages the last couple of trades. The all-time and yearly, are ...

james16 Chart Thread

Please do keep in mind that these fundamental issues all reside outside the domain of this thread, purely technical here. Technical analysis by itself may prove more effective, as fundamentals tend to quickly overload you with info, so keeping track ...

james16 Chart Thread

Bat, That red trendline is either from a different TF, of is really not of the quality we're looking for here. A good trendline consists of at least three individual touches & reactions. As for the pinbar, it is not a pinbar on my (FxPro) feed, ...

james16 Chart Thread

I figured, with parity in our sails, we should be able to reach the close of the BEOB. Gaps however, are known to act as support/resistance, so no surprise price tested the open and went back. I still think, considering the 1.0000 being a massive ...

james16 Chart Thread

He GB, I just cut my trade at .9986, as it had reached today/sunday's open-price and stalled/retraced; didn't like that. I didn't take that PB, because I was already invested. However, technically it shows up as a wick-bar (no close back into prev. ...

james16 Chart Thread

He there Bill I agree with you in that AUD and CAD are both challenged currencies as they both have high exposure to commodities. Anyway, I don't quite agree with you on the notion that it's moving unpredictably or even sideways. Before year end ...

james16 Chart Thread