This is a way, way more important point than people realise, and it isnt getting the love it deserves Take AUDCAD as an example. How much volume does this cross really do? Like twelve bucks a day for maple syrup imports? Barely anything. And ...

james16 Chart Thread

You have so many lines drawn on your chart that they are all but meaningless. Of course you are going to see price 'test' your levels if you have them every twenty points. It's one of the biggest problems people seem to run into - seeing 'levels' ...

james16 Chart Thread

That isnt a very strong bar. It isnt a strong location. I think your conclusion is pretty solid also, for plenty of other reasons, no way I am shorting francs atm.

james16 Chart Thread

more power? I think you have that one backwards. Hm. You noticed that too? Draw enough lines on a chart and eventually price will bounce off one of them In between weekly/daily/H4 PPZs, fibs drawn all over the shop, (v)BRNs and a couple of MAs...

james16 Chart Thread

Not directly, but if you email my friend, the King of Nigeria...

james16 Chart Thread

I'll sell you my good luck, uh...*looks around*... empty beer bottle! Guaranteed to realign your aura with the combined power of magnetic topography and organic feng shui. Bank more pips than you have ever dreamed of! Only 5 easy payments of $99.95. ...

james16 Chart Thread

A mini account means you trade mini lots rather than standard lots. A mini lot is $10k (rather than 100k). Which makes every pip 'worth' $1 per mini lot, ignoring cross complications. So either IBFX has seriously increased their spreads, or ...

james16 Chart Thread

I dont use MT4, so I probably cant help much - but plenty of the guys in the thread do and should be able to shine some light on it. There should be at least a couple of them still awake You might be better off contacting IBFX if you need a ...

james16 Chart Thread

The last digit is the fruitily-named 'pipette'. It's a tenth of a pip. And almost entirely pointless, except as a marketing exercise. A pip is still the fourth digit in the quote.

james16 Chart Thread

Time of year aside, I would have jumped on a break to the downside for sure. As is, it's a pass, but only because it doesnt really fit with my approach. It is almost sacrilege here, but (aside from the one exception below) I only take IBs with the ...

james16 Chart Thread

Are we sure that there is a large enough volume in the GBPNZD trade and so many sellers taking profit at a round number in said trade that it is moving the pound across the board? Especially against the Euro and the USD, it's two major ...

james16 Chart Thread

No need to thank me, I love talking about this stuff. Different opinions and approaches keep us all sharp. Of course, what we see on the chart is just an aggregate of how everyone thinks at the present time - although I daresay neither of us is ...

james16 Chart Thread

Without launching into an essay on my feelings about Mark Douglas and his simplistic, vague, hokey advice - what price has done and will do are absolutely part of the picture. If price has been dropping through the floor, I cant really see how you ...

james16 Chart Thread

Just so we are clear - this pair has dropped a thousand pips in the last ten days, in a very low volume period, with no actual reason to reverse... and you want to go long. With an arbitary tight stop to give a 'good' r:R.

james16 Chart Thread

Wieland 671?

james16 Chart Thread

Merry Christmas mate, all the best for the coming year

james16 Chart Thread

I know this is retarded, but what the hell - it isnt like I am doing anything at work today Between my degrees and masters, I have paid well over $100k to learn stuff that is all in books. A lot of it in old books! There is a decent chance that I ...

james16 Chart Thread

As always, Mike is right. The other part that people overlook, though, is that this really is more difficult in some ways. When I was at school, you get your homework and you are right or wrong. If you are wrong, you have that immediate feedback, ...

james16 Chart Thread

damn, that was the perfect chance to sell them the Cyrus summaries for 99.95 a pop.

james16 Chart Thread

THe internets usually refer to it as scaling out. On the plus side, it would be hard to throw away all your profits on fast cars and loose women. On the minus... it would be hard to throw away all your profits on fast cars and loose women

james16 Chart Thread