EURAUD also breaking out. Still it closed under some resistance. Maybe we get a retrace opportunity.

james16 Chart Thread

Anyone took this 4h BUOB out of the box on USDCAD? You can see BEOB/BUOB again and again prior to range breakouts. The one that forms on the 1h is a bit risky as the biggest part of the move may have happened already and trades into resistance (PPZ ...

james16 Chart Thread

Hi Revstar, what exactly did you trade? I see no confirmed PA. Or was it a touch trade?

james16 Chart Thread

In my opinion you entered right on the FTA. The BUOB did what it had to do. You could a) consider to enter earlier or b) pass this trade due to some trouble to the downside. Also see that the BUOB did not close beneath the BRN 0.8000 which it makes ...

james16 Chart Thread

I totally agree with Jarroo. There are long wicks and excessive bars to both sides and lots of gaps in between. Those are signs of a very nervous market and it often happens around big round numbers. Obviously some pairs are prone to this behavior. ...

james16 Chart Thread

The only thing that bugged me was that I could not find any proof for his highly praised intuition in his posts. Of course he seemed to make money but he was wrong with his predictions ever so much. That's probably something I have to get back to ...

james16 Chart Thread

Hey PB, have you received my PM? I did not get any confirmation after clicking the send button. Man, I did not know that. I was a member of Jacko's private group but stopped reading his blog after a while out of various reasons. I just wondered why ...

james16 Chart Thread

Seems like I was a bit too optimistic with UJ. Stopped out @15 Pips. TA was a few pips under where I expected it. Instead we might see an 8h PB.

james16 Chart Thread

Another bearish PB on 1h and 30min broken to the upside. It sat right on the daily TL and may act as another bastion to the downside. Next trouble area is at about 82.86 (daily low). I will manage my trade according to how it behaves up there. It ...

james16 Chart Thread

Demoing USDJPY on the daily chart. I know the BEOB does not look perfect (long wick above) but the break of the bearish 4h PB to the upside gave me some confidence. There's also some divergence and a triangle breakout. Closed half of my position at ...

james16 Chart Thread

Hey Nasir, I see you don't have any EMAs on your chart. Don't you use them? The 150EMA maybe would have kept me out of the GBPCHF PB trade. Hi Jarroo, the hard part is to put that what became 2nd nature to you into words that even total newbies ...

james16 Chart Thread

I just closed my weekly BEOB trade on EURCHF for 93 pips. As long as I struggle with trailing strategies and predicting charts I'll play it safe and TP earlier.

james16 Chart Thread

I left this ship yesterday. I got nervous with it not breaking hard enough and finding resistance at 4h and daily 365EMA. Good luck with it, anyway! Done again: The thought that there is the one and only J16 method. I somehow still fall for that ...

james16 Chart Thread

Happy birthday, Jim. Thanks for this great thread and sharing your wisdom with us. Hans EDIT: Happy birthday to you, too, NosferaturMan!

james16 Chart Thread

I think it depends on your trading style. If you don't want to use a full bar SL zoom down on the lower TF and see where there is resistance above. At my attached chart you can see some of it: * daily PPZ (rosy) * 4h PPZ/price flip zones (bluish) * ...

james16 Chart Thread

LOL. Thank you guys. The more I practice just this basic stuff the more it blows my mind how simple and yet comprehensive it really is. Like many others I always dreamed of being able to trade a more or less naked chart. Jim and the other great ...

james16 Chart Thread

Just doing some self-talk... I lately try to get better at spotting meaningful trendlines. While doing this on a random chart I once again become aware of how great the tool of confluence is. Just click the attached animated GIF. It isn't hard to ...

james16 Chart Thread

Very nice charts and great analysis. Thank you very much, Ghous! Concerning my last post: Do you think my points are reasonable and should lead to a more conservative managment of the trade or do you think it is a no brainer? I'm sometimes concerned ...

james16 Chart Thread

Hey Ghous, I would expect it to go south. First of all it closed below 1.5, it did not close above the three highs that happened just 2-4 weeks before (I imagine them as some kind of triple top on the daily) and it has to fight a huge downtrend. ...

james16 Chart Thread

Marvelous! Thanks for sharing, Mike.

james16 Chart Thread