Clearly, the solution is to trade them both, but on different timeframes to avoid correlation issues - otherwise, your positions might cancel each other out... ...and you will end up trading against yourself.

james16 Chart Thread

You want to draw fibs in the direction of the movement. So if price goes down, you draw from the swing high to the swing low. Think about it this way - on Bundy's chart, if the price goes all the way back to the swing high, it has retraced 100% of ...

james16 Chart Thread

Oh god! Short USD! — The newswires point to a HUGE fall in the USD today. By: The Associated Press | 24 Feb 2010 | 06:20 AM ET Production of 'Two and a Half Men' temporarily halted as Charlie Sheen enters rehab

james16 Chart Thread

Hey mark, I assume you mean the one with the red arrow - if not, ignore the rest of this! What we really want to see in a BEOB is for price to close near the bottom of the bar - at least in the bottom third. If you look at the bar in your chart, the ...

james16 Chart Thread

lol, good to see someone with taste in movies.... we all need some Tuco wisdom in our lives My profile pic from the pf is quite similar to yours. image

james16 Chart Thread

It's kinda like crossing the road - be aware of your surroundings. image image

james16 Chart Thread

No need As you said, everyone's opinions are different. Posting questions and debating things is how we all get better... hopefully

james16 Chart Thread

They do, which is why I said 'not a reason to trade', as opposed to meaningless The reason we take reversal bars at a swing low is because that's what they are, reversals. If price is going up, it doesnt make sense to take a bullish reversal bar ...

james16 Chart Thread

Hey, I figure that people have a choice between me telling them that they are looking at taking a bad trade, or their account balance telling them the same thing... I know which I would prefer Wanting people to listen, you can't just tap them on ...

james16 Chart Thread

...and 40 hours ago, when the bar appeared

james16 Chart Thread

Everyone else is pulling punches, but this is the second post this morning that has just had me shaking my head. This isnt aimed at you, but just for general consumption since there is clearly some kind of miscommunication happening here. My take: ...

james16 Chart Thread

BoJ? They didnt intervene at 84 (or any other time in the last 5 or 6 years), so it seems somehat unlikely that they would try a selloff at 90 in response to a (small) overnight unwinding of carry trades? Especially after the US just raised rates. ...

james16 Chart Thread

My fault - it's too early for my brain when you do the 'save as' part, make sure you choose jpg, png or jpg. You are probably saving as a bitmap, which sux.

james16 Chart Thread

That's pretty cool, never even knew it existed. I'm a Fastone Capture die hard though.

james16 Chart Thread

2. post it!a) Hit the lil arrow next to 'attachments' on the posting screen b) Choose 'manage attachements', if it appears - otherwise it will just automagically come up with the manage attachments screen image c) Hit 'browse' to find your files. ...

james16 Chart Thread

The Technology Idiot's Guide to Posting Charts as written by a fellow technology idiot. 1. Save your picture a. Using MT4? Right click on your chart, select 'save as picture' image choose 'active chart (as is)', otherwise you might lose half your ...

james16 Chart Thread

Its a continuously calculated weighted geometric mean index against a basket of euros, yen, pounds, francs, CAD and the Krona. Not sure how that one snuck in there, probably an Ikea conspiracy. So, basically, take the USD rate vs each currency, ...

james16 Chart Thread

[quote=Cherry;3485714] Well, in a way we are fortunate here - the main trading session (London) opens at 6pm, so its fairly easy to manage. The NY session (midnight - 8amish) is a bit more problematic. Trailing stops are one solution, but as you ...

james16 Chart Thread

I see you are in Australia - keep in mind that most of the senior guys here are from the US or Europe, so it's the middle of the night there Anyhoo, to your chart: Look at the size of the pin, and then look at the size of the move immediately ...

james16 Chart Thread

ah, weekends. No one seriously watches Fox for news*. You might watch a bit of Glenn Beck to find out which liberalmedia nazi democrat communist socialists are trying to steal your children and turn them into gay negro 'snivel libertarian' chinese ...

james16 Chart Thread