Keep in mind that correlation != causation. Very broadly, the correlation you see (which often breaks down) between USD and oil is used to be mainly driven by the fact that oil is priced in USD, and so to buy more expensive oil, you needed to buy ...

james16 Chart Thread

No it doesnt. Trading off pure luck would be a random entry, which isnt what anyone is espousing. Even trading a good entry with a defined stoploss and a trailing stop is far better than 'pure luck'. I would guess that very few people can tell you ...

james16 Chart Thread

audusd — That sux, because I think it has a decent run in it. Looking to get in on some PA on the lower tf or maybe a retest. image *edit* while it is aussie night, also looking for a bounce here. Probably enter if the daily pin forms, stop ...

james16 Chart Thread

I am watching the GBP/CHF. nice long pin, with the trend, the nose *just* breaking through the 50% retracement of the last uptrend AND a weekly/daily pivot zone. I likes. As someone said earlier, the length of the pin makes the drawdown a big heavy ...

james16 Chart Thread

This isnt a trading question, it is a business question - so, from a business perspective... ...this is a terrible idea. 15% pa? Jesus, are you hitting up a loan shark? If you arent ready for real trading, why on earth would you want to trade on ...

james16 Chart Thread

Lessons from yesterday — Things I need to fix: #1 - Impulsiveness ------------ Got home yesterday, as soon as I sat down saw this (apparently) beautiful pinbar - awesome! image It looked good - long nose, close right at the bottom, nose just ...

james16 Chart Thread

Another squire added to the j16 kingdom — Hi guys, Long time lurker (almost 2 years now), but never posted. I originally started reading FF (along with some other forums) because I was pretty sceptical on tech analysis and charting in general ...

james16 Chart Thread