OMG! Are we sharing a trade? I better re-evaluate! LOL - No, seriously, the E/J target is in the 140's if things hold post-holiday. Yes, that is a stock predication too, apparently. In all post-Holiday seriousness, that series of charts is would ...

james16 Chart Thread

Easier yes ........ LOL - seriously - if you are "zooming" you should be okay.

james16 Chart Thread

uh oh Toshi - Indeed, well noted. The weekly/daily construction makes me believe we may linger a while up here. Will time catch up with price? or will price move back to catch time? LOL - Time will tell. Scratch that - price will tell.

james16 Chart Thread

Wonderful to see this type of perspective displayed on the forum...everyone is waiting for 1.38 again. That means is probably won't happen! For you classic chartists out there, the targets on A/D and E/D are considerably higher following the recent ...

james16 Chart Thread

I am with you on a fundamental basis as well...waiting for the PA to declare that the appropriate strategy. It's a dicey series of charts. One has to view the daily H/S as a consolidation rather than a reversal, depsite the re-test of the neckline. ...

james16 Chart Thread

Overhead resistance at that time - agreed. Not just the formation, but the road ahead is important. Give it another longer term look though.

james16 Chart Thread

What about the current daily PA? Perhaps you were correct but early??

james16 Chart Thread

Yes, too many get this backwards. Chaos, the train filled up back at the station 1.1475 Interesting areas for USD/JPY and EUR/JPY in here.

james16 Chart Thread

Yesssss! It's a dicey one though. Weekly support as well.

james16 Chart Thread

That's one of the problems with intraday charts - different brokers have different timeslots. Man's best invention - fire; man's worst invention - the intraday chart. Both will burn you.

james16 Chart Thread

Agreed - this kind of conversation is healthy - I'm with you though - can only do it occassionally. Thanks!

james16 Chart Thread

I like that rationale...one can make pips in either direction with good money management I think, and you try to get good setups. If you are countertrend with no blown account you are choosing wisely. I like your openness to discuss as well...not ...

james16 Chart Thread

What? I like the debate, but you lost me. I took that trade actually - it was a rejection at the top of a market in a large triangle, i.e., it was an early Christmas present. The large downmove preceding it lead to the conclusion that things were ...

james16 Chart Thread

Indeed, the market has run a long way down, so looking for supportive counter trend PA is reasonable, but what is your target? The daily low at 1.1475? Not a great R/R overall. Given how far it has run though, you will look like a genius if the ...

james16 Chart Thread

Ahhh...a pennant....that is a consolidation pattern. The bar on Dec 4 is not a pennant - it's a rejection....the flag wasn't even at half mast.....they buried it.

james16 Chart Thread

LOL - Indeed, that makes a market! Good to have spirited debate here. Not sure I follow that flagpole business, but I do recall an old Candlestick expression - "what do you call a 2-day reversal candle in an uptrend?............a ...

james16 Chart Thread

Indeed, one may need an army for that!

james16 Chart Thread

I tend not to "create" PB's. Yes, they do appear at major tops, especially when looking retroactively at charts, but the amount lost along the way in chasing counter trend PB's erodes one's capital. It can be done if the trader is nimble, with solid ...

james16 Chart Thread

It concerns me that I see so many posts here about PB's against the major trend. Yes, they do appear frequently, and, while they can give occassionaly lucrative profits, I find one is better to patiently wait for PA that supports the major trend. ...

james16 Chart Thread

Our next contestant appears to be EUR/JPY; interesting look against background of E/D with its heavy resistance at 3650...London should be ripe for play one way or the other....131 appears key again to my eye.

james16 Chart Thread