yeah, like Jarroo said, it's personal. If you took profit it's all good. I'm not in this trade, but if I was I'd look at Fib expansions and this is how I'd draw them. I'd wait to see how price reacted around the level (acting as S/R). Seeing the 68 ...

james16 Chart Thread

USD/CHF — I'm absolutely not speaking for raczekfx, since I'm nowhere near his level. This is just what I came up with, with the information mentioned in the post. He gave the levels of his TP, so we can do our own investigation and try and ...

james16 Chart Thread

Sold on James16 — Well, the Pin Bar stuff is no joke. I'm in the GBP/CHF off the weekly Pin and it is my first time taking a weekly Pin. I've done 2 or 3 daily pins since I've been here. I think (no, let's make that I know) I'm 100% sold on ...

james16 Chart Thread

Your TP1 looks like it hit if it is in the 1.6311 Level (which is one of my Fib Expansions and took partial here). Next FIB Expansion for me is 1.6544 and I'm thinking 1.6700 maybe a possibility.

james16 Chart Thread

I took the weekly Pin and you are right it is stuck exactly in the spot you are mentioning and the way you put it makes sense. Now the GBP/CHF, that has made my day and maybe will make my week.

james16 Chart Thread

There are PDF documents in the attachments (Click on the paper clip in the upper right hand corner). Download those and read them and that will get you started.

james16 Chart Thread

it's like taking fibs to a whole nother level. Pretty cool stuff. Have you ever heard of Fib Zones?

Why Fibonacci Retracements are Bullocks

The more I look at the G/J the more I like it. I keep eyeballing the 134.00 level. Wouldn't it be something if it broke north and kept going for a few years? Aaah, to dream.

james16 Chart Thread

Divergence — Still not sure if I'm drawing the Divergence correctly, would someone please comment? GBP/JPY just barely missed hitting the All Time Low. Any thoughts on this pair?

james16 Chart Thread

Early Bird — I'm just starting to look at this pair because of the possible Weekly Pin Bar with a possible break long around the 1.58 level. What made you get in early on this pair? My thinking is that when it hit the all time low and started ...

james16 Chart Thread

It's been pretty shakey the past 24 hours, but seem pretty stable last few hours.

james16 Chart Thread

Ah, there is a a lot going on on the 4H chart... Going to the 4H chart I see the 1.5300 level was minor PPZ was acting like resistance until it broke and is now support. I drew a fib off the last 'leg down' and price is getting caught up in the fibo ...

james16 Chart Thread

Pound Swiss — I was also looking at the Weekly on the GBP/CHF and I'm not sure if I drew the divergence correctly, but it appears to be bullish divergence. Also, we are sort of in a no mans land of an all time low. What do we do when we can no ...

james16 Chart Thread

New Year — Happy new year to all and to a profitable 2009!

james16 Chart Thread

Minority View, maybe? — WARNING: This message is kind of "out there" so you may just want to skip over this. I think most people would agree that Fibonacci does occur in nature (sunflowers, galaxies, certain sea shells, etc, etc). But how does ...

Why Fibonacci Retracements are Bullocks

Latin - nosce te ipsum

Best single characteristic of a trader?

AUD/USD — Added some more to the AUD/CAD for analysis. I still have a hard time with Divergence... To me it looks like the CCI is making lower highs and price is sideways. Did I draw this correctly and what exactly does it mean if it is drawn ...

james16 Chart Thread

Hey Hip, I see you've posted a couple of times in reply in my original question: url I feel kind of embarrassed because I don't think I really understand the answers... You said look for stop hunts and posted a pic, but what exactly is a stop hunt ...

james16 Chart Thread

I placed a 20 SMA on my chart and I'm not sure what I'm supposed to be looking at. I've looked on multiple time frames and it appears it is being used as support, but not sure what is signalling the "fireworks". Anything you willing to add so a ...

james16 Chart Thread

AUD/USD — AUD/USD Anyone thinking that price will break through the .6850 PPZ on this pair? Looks like orders maybe built up on this thing. Been hugging the PPZ for awhile.

james16 Chart Thread