Variance. It's all sample size. I've seen your charts, and you seem to be doing everything right, so I wouldnt stress too much about changing the way you do things Technicals are fundamentals are technicals. As you suggest, USD pairs do move on ...

james16 Chart Thread

This is the kind of chart I used to take a loss on. No more - as long as you recognise it is in a range, and you learn the game by playing the game*... image image * some smart guy said this once. forget who - he was pretty big, and talked kinda ...

james16 Chart Thread

lol, I actually considered adding it - it essentially acts like a crazy stepchild of AUDJPY and USDCHF, but with a bit of commodity/china bipolar craziness thrown in for good measure. At the end of the day though, it just isnt actively traded enough ...

james16 Chart Thread

Can I ask why you are limiting the pairs you watch? Those are the 'strong hands', I guess, but watching lots of pairs isnt a problem at all.. its only bad when you try and trade too many (either positively or negatively) correlated pairs. (also, ...

james16 Chart Thread

To be honest, the main correlation i see there is that there is nothing I would trade on either (I assume it was some kind of entry/bounce from resistance type trade? you crazy kids with your touch trades and blind entries and nintendos!) Well, I ...

james16 Chart Thread

The NZ unemployment rate always seems to spike at the end of summer... must have something to do with Bondi Beach getting overcast and all the backpackers heading back to Christchurch Probably want to be careful with that one. Look at the volumes ...

james16 Chart Thread

I think the problem here is that it is a pretty substandard setup - the 2 1/2 day pin is small, doesnt have much confluence, the bar formation is kinda weak, and it's headed right into a world of traffic and a round number. Nothing there jumps out ...

james16 Chart Thread

Correlations can be tricky things - they often present a pretty misleading picture, and people misuse them (not that I am saying you are one of those people, but I have seen it happen way too often). What you are really seeing is a picture of risk ...

james16 Chart Thread

Absolutely - just looking at the way price has reacted, you have to assume there are going to be a ton of stops right below that area, and if they get hit... well, off to the races lol, i think I have just turned into a big, risk averse girl ...

james16 Chart Thread

Not really, because both Australia and Canadia are significant gold producers. u/c and a/u are more closely correlated to gold.

james16 Chart Thread

I have concerns about the size of the bars... there are some big moves around lately, and so I'd probably want either a convincing close below .9500 (below the cluster of bar highs and the big number), or have the lower timeframes paint a strong ...

james16 Chart Thread

nope.. I'm firmly in Team 'Sucky Sideways Markets = No Trades for 2010' with you

james16 Chart Thread

Generally, you want to go with high/low for forex markets - that shows you where price went to, where it stopped/reversed, etc. Open/close in the forex market, esp on lower timeframes, are really just arbitary times that dont mean much. Some people ...

james16 Chart Thread

If anyone wants to punch you, they should reread this. Twice. And if they still do, send 'em here

james16 Chart Thread

You guys dont know how lucky you are - Mikerants are rarer than... something really rare. The Hope Diamond, four leaf clovers, girls as hot as Kate Beckinsale, etc. ... This was my framework i made for a friend who wanted to 'learn daytrading' ...

james16 Chart Thread

That's a pretty big 2d pin, with the trend, followed by a pretty forceful break. I'd tread lightly, until PA indicates otherwise.

james16 Chart Thread

That's a very small bar following a very big move, heading into some heavy traffic. And most of the time, those end in tears. image (also, note how well following the rules protects you from these wussy pins!)

james16 Chart Thread

My brain must be even simpler - 4th decimal, unless it's a yen pair ...although, technically, i think the convention is (or was, it was an ooooold book I was reading) 4 decimal places, unless the quote is over 20 (3 dp) or over 80 (2dp)... it ...

james16 Chart Thread

Sorry - I was referring to the latter.

james16 Chart Thread

iphone + remote desktop + make friends with the compliance guys in regard to the thread, most of the action is in the london/ny sessions, so I usually just post before bed and check the next day, but there is usually someone to chat about a chart ...

james16 Chart Thread