EJ conquers 115.00. We may very well see some bullish reaction here. But beware of the @ 115.66.

james16 Chart Thread

The stronger it closes underneath the blue rectangle the better.

james16 Chart Thread

Thanks, ppfx. PB-like BEOB on 1h EG. Is this the end of the weekly BEOB retracement?

james16 Chart Thread

Hi PB, I wondered that myself. I guess it counts as a breakout trade supported by 0.75 and its close above the previous high. On daily there's also a PB predicting the upmove. Maybe Mike can comment on that.

james16 Chart Thread

Hey PB, you're getting really good at drawing these boxes. I still got some trouble with choosing highs/lows for the box range. Can you give me an advice on that? Do you draw the boxes around the highest highs and lowest lows or do you rather choose ...

james16 Chart Thread

Another round of WIPG — I just found this while strategy testing and thought it would be a nice one for another round of WIPG (Where Is Price Going). What do you think? Where will price go from here?

james16 Chart Thread

PB, I'm glad you attest that. I thought I was hallucinating when I looked at the chart this morning. I think that reminds PB of what he's going to do with all that forex money he earns. BTW, John, I also like and watch the EURGBP. It has some ...

james16 Chart Thread

Hey proletary, you're right. The second trouble area seems to be a highly emotional point: At (1) the TA is clearly respected in spite of a long run up that could have asked for a more expanded retrace. At (2) price is speeding back up like its tail ...

james16 Chart Thread

Overall it looks a bit messy to me. Nevertheless: PB from 365EMA and BRN 80.00. In general I'm still uncertain about where to put my TP with bars like these because I also see some trouble areas above and the PB's close is not the best (probably due ...

james16 Chart Thread

Just saw the chart. At least my FTA was right. But I would have earned some money.

james16 Chart Thread

This flatters me. But in fact I'm a noob or at least I feel like I am. My appraisals on this thread are more practice than they are sophisticated forecasts. LOL. No party yesterday. I came home from work and felt like, well, I came home from work. ...

james16 Chart Thread

Yes, it is. This week has been amazing for me. After more than two years watching charts and still lacking some basic understanding things finally fall into place. I found it a very useful exercise we did last sunday, PB. Maybe we can make this a ...

james16 Chart Thread

The first thing that jumps out at me is the lower close than open and the somewhat serious downmove the first PB had to fight. It's a PB but due to it's size and weak close with a bearish outlook. On my chart it looked even weaker and was not even a ...

james16 Chart Thread

Hi Be Cool, that looks good to me. As for your first PPZ under mine: I would draw it a few pips below (orange one on my chart). I like them to touch as many highs/lows as possible. But I guess that's where discretion comes in. For me ...

james16 Chart Thread

Hey Be Cool, I'm not so experienced but like PB already said: most people struggle with plotting PPZ in the beginning. Try to spot the ones that really stick out (highs and lows). Start at the most prominent high/low and extent the line from left to ...

james16 Chart Thread

Thanks, Ghous. I will do. Thank you, Jarroo. It helps me a lot to analyze the charts step by step. This often answers the question I had in mind. I don't know why, but somehow I like these choppy charts when backtesting. They often give you very ...

james16 Chart Thread

Hey Ghous, impatience is not the reason why I'm asking all these dumb questions. The reason why I may sound fretful even about things I don't know how to trade yet and that would surely burn my fingers, is that I am keen to understand what happens ...

james16 Chart Thread

Hallo Landsmann, personally I draw them before seeing any PA and I think it's the way to go for a beginner. Here's why: Drawing PA and learning how price reacts at these points/ranges is mandatory for trading J16 style. It tells and teaches you a ...

james16 Chart Thread

I can only chime in with Nasir on this one. Be very careful that this does nott become a habit. The longer it works for you the harder it will be to get rid of it. When I started trading a few years ago I opened up an eToro live account (never do ...

james16 Chart Thread

That clears up part of my question here. Thx. Thanks, Mike. While backtesting lately I found that even bars like these often work out if, like you said, you move your stop to BE pretty fast. Still most of the time one probably ends up with Stop@BE. ...

james16 Chart Thread