You are spot on about that huge PPZ you would be trading right into Some of them arent all that significant IMO (hell, if we avoided every trade where there was a previous bar, we would never do anything!), but I would be hesitant about trading ...

james16 Chart Thread

That's why I need to learn it. There always seems to be lots of yelling, a bunch of hotties standing around cheering, people getting really into it and saying/doing crazy things for luck and it just seems like alot of fun. At a low house edge. ...

james16 Chart Thread

Out of all those, only the AUD (and maybe NZD) has a significant interest rate differential. Euro rates are at 1%, fed funds are 0.25, BOE is 0.5% and RNBZ is 2.5. No one is short yen to buy EUR or GBP, especially in this climate. If people are ...

james16 Chart Thread

If you hit the 'quote' button (at the bottom right of the posts) to reply to someone's post, it should do it automagically. Otherwise, the format is [q.uote=triger88990;3534153] textextext [/quote], without the "." between the q and u (just needed ...

james16 Chart Thread

That isnt really how probability works. I cant remember exactly, but I think it was Elder pushing this line (maybe Van Tharp though - my brain is jumping around today like Tom Cruise on a couch), and it's erroneous at best. Basically, assuming you ...

james16 Chart Thread

I used them years ago, so things may have changed, but basically, their charting package is horrible, their spreads are huge (for me at least, not sure about in the UK) and they kill you with slippage - even in quiet times, I would get like ten pips ...

james16 Chart Thread

Called them up and they were really helpful, and not complete retards either, unlike certain other brokers who advertise nationwide quite heavily (you have definitely seen their ads) and didnt know what LIBOR or BBSW90 were (!) and asked whether I ...

james16 Chart Thread

They actually look pretty cool. Normally, fixed spreads are a bit dodgy, but its probably a bonus for someone learning - one less thing to worry about. Thanks, will give em a trial.

james16 Chart Thread

A question for the aussies. both of you. — This might be a long shot, but does anyone here use an Australian MT4 broker? I have a friend who wants to learn how to trade, and I think MT4 is probably the best platform to learn on - stuff like ...

james16 Chart Thread

There has been talk of the US 'carry' as a huge factor, but I dont buy it. I see the uptrend as just a return of a safe haven flow, now that people have realised that the US isnt going to implode.... but Europe might. Explains why its relatively ...

james16 Chart Thread

I rambled some junk about this a few weeks ago, i think. Damn you, FF. Always cutting off my quotes

james16 Chart Thread

Looks like a bunch of people got stung on the franc crosses. I have like a dozen charts from when I started on Jim's material that tell the exact same story. I'd be so excited at finally finding a pin bar that I couldnt hit the 'submit order' button ...

james16 Chart Thread

I think people are getting a bit carried away with the whole 'A trade' vs 'C trade' thing. There arent discrete levels based on some kind of criteria - there are: 1. Great setups that punch you in the face and shove money in your wallet 2. Average ...

james16 Chart Thread

I think you might have this a bit twisted Falling equity markets decrease risk appetite, and so people close carry positions (ie, short yen/francs and long aussie/nzd...sometimes cad or zar, but thats a bit different), which involves buying yen. ...

james16 Chart Thread

I am seeing some strong PA in this thread today. image

james16 Chart Thread

Oh, yeah. Settlement is a bitch. Most good brokers wont impose the t+3 on you - i can buy, up to a limit, without having the funds in my account. You just have to have them there by settlement date, unless you close out the trade beforehand. ...

james16 Chart Thread

*edit* duh, you probably mean tax. I know we have some stupid holding period rules here for capgains. not sure what they are there, but I would assume that they are instrument agnostic- we get the same tax rate whether dealing in stocks, futures, ...

james16 Chart Thread

CFDs are a bit of a gamble. There are some honest players, but there are many, many shady ones. A CFD is different from a future in that you arent trading the actual instrument, you are trading a derivative contract with your broker under which you ...

james16 Chart Thread

rofl. well played, sir

james16 Chart Thread

I made 5000% this morning when I asked my girlfriend for a dollar coin for the coke machine at work and found a $50 note in her wallet. I should so write an ebook. ... Looking for some action on AUDUSD. Let's see if the Ghost or the Darkness is ...

james16 Chart Thread