woah, don't thank me. thank the maker of this thread (james16) and all those successful traders here who help us! its late here..i ought to go to bed. let the profits run.

james16 Chart Thread

yeah man. took partial profits..my second TP is 400 area, seems a pretty strong support area. i only open 2 minis..so taking partial profit leaves me with one mini left. kinda debating whether to aim further or TP conservatively at the next support ...

james16 Chart Thread

It has now crossed 30 pips and over in profit..think i'll put a stop at BE.

james16 Chart Thread

Where the price is now there should not be much resistance towards 1.0430..

james16 Chart Thread

On hindsight i should not have entered at a mere 5 pips below the BRN..maybe 15 would be nice.

james16 Chart Thread

USDCAD is in play for me now.

james16 Chart Thread

Yeah, i guess we need the markets in US to open before we see some action.

james16 Chart Thread

The pairs are starting to move...

james16 Chart Thread

Yeah, the forex pairs are correlated with the US stock market. But i wonder how a move in the dow has direct and immediate impact on forex pairs. Say a weakened Dow increase risk averseness, USD strengthens.. But immediately, investors pile on to ...

james16 Chart Thread

Yep..i'll be in the trade too if it breaks those levels.

james16 Chart Thread

Haha..anyway you taking on the AUDUSD or USDCAD trades?

james16 Chart Thread

can't say you're wrong..maybe its just a confidence measure. cosmetic at best but doesn't defeat solid analysis.

james16 Chart Thread

I know this might be a little..unorthodox but just as a general guide for those out there taking trades to feel just a little more confident, here is the order book from Oanda. They have a net long position for AUDUSD and a net short position for ...

james16 Chart Thread

seems your 365 EMA very different from where my EMA is even though the candlestick OHLC are not far off.

james16 Chart Thread

Would only take a short on the break of the 365 EMA.. image

james16 Chart Thread

how are you taking the trade? The break of 0.9600?

james16 Chart Thread

Quite a few PB today: image image image image Of which I think only USDCAD is worth taking on the break of 1.05. Its at a swing high and a bounce off 1.0600. IMO an entry of 1.0495 15 pips below the low of the PB would be good aiming 1.0420 ...

james16 Chart Thread

A possible PB forming on AUDCAD daily, bounce off 365 EMA, 61.8 Fib and BRN of 1.000. Anybody else watching that pair? image image

james16 Chart Thread

Oh, maybe i misinterpreted the set-up then. So is today's formation a good trade set up? it has surpassed the high of the IB.

james16 Chart Thread

An inside bar formed on GBPUSD daily TF yesterday and today's bar is trying to break the high of the bar 2 days ago. Does the wick only have to break yesterday's IB or must today's bar close above yesterday's high for it to be a valid inside bar set ...

james16 Chart Thread