UNTIL it's broken, it shows failed attempts. When we were talking, they hadn't been broken. But as a general rule, when a trade goes like that, I tend to take the surer trade. And did. After all, since we are NOT actually trading anything, it never ...

EUR/USD flagging south this coming week

2.0? No. I don't think this at all. 1.38, 1.42, and 1.48 were all levels to watch is all. Another thought that has kept me out of this is that it IS the last real trading week of the year. A lot of larger funds will shore up the books at the end of ...

EUR/USD flagging south this coming week

Stop annoying me.

Advice Only. 1 Liners Concise.

Here is something interesting.... USD/CHF plummets 400 pips. Meanwhile, EUR/USD spikes, and STOPS SUDDENLY. (At the 50% fib from down trend.) EUR/GBP got above .90, and sat there. This could be interesting.

EURUSD a huge buy above 1.2736

Dont have the chart in front of me (daily) - but I seem to remember about a 100 pip area above this pin, which is why I passed. As you develop as a trader - you will learn that s/r lines are more often than not "ZONES", and can be quite wide at ...

james16 Chart Thread

Simple. Because Canada and Scotland both suck. Actually, this John Mauldin guy is normally just about right on the money. I receive his articles via email, and am very, very, impressed with him. Granted, most of the time he is talking about ...

Second Mortgage Crisis Coming? How does it effect USD?

By definition, any time you have long wicks like that....it's not. But that's neither here nor there. What really matters is if people, like myself, who thought the other way waited for set ups to short. I did, it didn't come. Oh well. No trade, no ...

EUR/USD flagging south this coming week

Not nearly as interesting as the weekly chart.

How people should really trade!

As I state in my videos for the James16 group (on more than one occasion) - THE WHERE (location) IS MORE IMPORTANT THAN HAVING THE PERFECT SHAPE OF BAR 99% OF THE TIME. However, there is a certain danger here with newer traders using that as a ...

james16 Chart Thread

He forgot to mention that whole "Oh, the BoJ jumped in at the 88 handle." That helps as well.

james16 Chart Thread

Jade - For what it's worth - I agree. However, having said that....if 1.34 gives way, we are going to see 1.37. These are not continuation patterns though.

EUR/USD flagging south this coming week

Fibonacci is only one possible tool. The biggest problem is too many traders jump into a trade right away based on nothing more than a 50% retrace. Support and resistance are really just about all that matters. They aren't absolute, sometimes they ...

Study Price Action???

Uh.....so why are we all here? And will someone make my account stop growing? My poor broker might get upset.... Clockwork

The truth about retail Forex brokers !!

I don't trust him because he's Canadian.

Powerful 1 Min Scalping System (Fx Prime)

Saxobank is from Copenhagen. For my fellow Americans, that's Denmark, which is in Europe. Like kinda near Germany. Or England.

anyone know much about SAXO BANK for fx trading?

I believe it's something like 500 a year

Jacko's Forex House of Pleasure and Pain

Of course it's just another asset. This is the big myth that draws everyone into Forex. That somehow it's magic or different or something. Let me ask you this: When you buy Apple stocks, what are you actually buying? It could also be written as the ...

Forex just another asset ?

Whatever your risk level is, that's your stop. period. 300 pips means nothing. So for example, if you are risking 1.25% a trade, just do the math, and risk 1.25% - even if that's only a couple of cents a pip. Clockworkk

james16 Chart Thread

This could be the best post I have read in a year....

40 Bits Of Wisdom

Glad to see Mr.Trend in here...... (whispering...."Security....security.....") Clockwork

james16 Chart Thread