Hi Wizard, It seems as though it is forming a top now and some of my indicators on the 4H chart are already suggesting a down turn ? I suppose we have to wait and see. Regards, Dan

james16 Chart Thread

Yes , I was in the gbp/usd took it up for a short profit, still in the Usd/jpy on a short trade, didn't take profit when it was there and now I have a small loss of 6 pips but I am staying the course ..... for now. Have a good weekend. Dan

james16 Chart Thread

OK Raz, I am out of the trade (Usd/Cad) with a profit of 58 pips per contract. if you have done more ..... you're the winner! Dan

james16 Chart Thread

Hi Wizard, we are hitting the 50% ret. off of the last leg down of yesterday. Any thoughts on this new development? My stop is at 1.0500 and if it reaches there, I am out but if it noses down, I was thinking on adding some to my present position. ...

james16 Chart Thread

Hi Raz, I am with you, hanging to a short I placed early this morning and so far in profit for 30pips, not bad for a short morning work. My feeling is that this baby has a long down trend, yet to materialize and it can very easily go down to the ...

james16 Chart Thread

Mimas, thanks, you hit it right on the head, gif is an ok file here. Thanks so much.

james16 Chart Thread

another try.

james16 Chart Thread

Sorry Guys, just experimenting with my screenshots. Thanks, Dan

james16 Chart Thread

Thanks Mimas, I'll do that and let see if this is where the problem lies. Thanks for the suggestion. How is your trade today and what are you trading? Dan

james16 Chart Thread

Hi 1234 It does look like a new PB is forming and if that is the case I will have to reverse my position too but in the same talken, it could be just another bar on the way down and in the direction of the long trend. Thanks for your response, Dan

james16 Chart Thread

Sorry, I seem to have a problem in downloading my screen shot and moving it to this forum. I am working on it but for the moment not sure what causes a statement of " invalid file " . This statement is coming at the time when I try to " upload " the ...

james16 Chart Thread

Good morning Guys, I have entered this morning a short position on the Usd/Jpy and wanted to see if anybody is trading it the same way. My entry ( see yellow arrow at the chart ) was prompted by the touching of the 61.8% retracing line off the down ...

james16 Chart Thread

my SL was moved about an hour ago to 1.0500 I don't want to take too many chances at this point ........ even if I loose to you at the game. This trade looks like it has a way to go yet. Are you seeing any other interesting developments with some ...

james16 Chart Thread

Hey Wizard, how are you doing? Just curious . I am still in the game. Regards, Dan

james16 Chart Thread

Just an update on the u/j trade...I closed it for 33pips. Reasons: 1hr chart double high at 122.52 and price getting rejected at 150 ma. Also, time for me to head to my day job...so I won't be around to monitor this trade and would rather take my ...

james16 Chart Thread

Hey 211 , did you see the formation of DL on the last two bars at the 4H chart ? It may be still in a retracement mode ?????? left to be seen. dan

james16 Chart Thread

I hope it works well for you. I am just a bit cautious here because this 8:00 pm bar on the 4H chart is also resting on a 50% Fib line and an S1 weekly resistance line (122.46)....... so I am waiting to see if it breaks through or not. If it does ...

james16 Chart Thread

Hi 211, I am still holding entry on the Us/Jpy and waiting to see it closing above the high pin of yesterday 8:00 pm. I think this will be a safer entry even if it means making less pips. lol and good trade, dan

james16 Chart Thread

my entry was 1.0558 and that is above the bottom of the pin ....... how do I treat that ? I think that the best way to start is to count from the bottom of the pin ie 1.0533 is that fair ? the rest of the terms are ok too. lol, Dan

james16 Chart Thread

Hi Guys, does anybody has a feel or an idea on what is going on with the Eur/Usd ? whould love to hear your input which as always is greatly helpful and very appreciated ! Thanks, Dan

james16 Chart Thread