Hi Ghous, I was also looking at this pair. But my thoughts were to put a sell order at around 1.3990 (below the 1.4) so that if price breaks below the 1.4, it should hit the FTA of about 1.3940 for a quick profit of 50 pips. Any comments on this?

james16 Chart Thread

Ahh ok because I was under the impression that it wasn't protruding from the surrounding bars considering that the zone which the pin got rejected off also rejected a few bars just a while back.

james16 Chart Thread

Hi The_Lord, Would you consider this a valid pin?

james16 Chart Thread

Hi guys, BUOB forming on EURUSD daily breaking through 1.35 + PPZ. If it stays this way once when bar closes, what is the proper way to enter this trade? Wait for a retrace back to the PPZ and enter long when there is bullish PA?

james16 Chart Thread

Ahh okok. Never thought of it as a double-top. Thanks again Mike!

james16 Chart Thread

Hey guys, General question on S/R. In a bullish trend, as price breaks through a resistance level and bounces back to that level which now acts as support, we look for bullish PA before entering the trade. But what happens if price fails to break ...

james16 Chart Thread

Hi Roundrock, In your opinion, would this bar be good for a short 50pips profit (from a pure profit standpoint) but not that good overall because it will most likely 'stall' at 85 with us having to risk twice that amount since the pin is about 100 ...

james16 Chart Thread

Hey blue, thanks for clarifying!

james16 Chart Thread

pinbar question — Hey guys, Newbie question on pinbars. Not too sure if i'm overthinking this. When we refer to the nose of the pinbar protruding from surrounding prices, do we refer to protrusion from the bar that's immediately to the left of ...

james16 Chart Thread

Hi The_Lord, Wouldn't trading the 2nd pin (red one) be countertrend? Cause I was under the impression that the overall market trend had changed to a bullish one and the 'big falling market' was a retracement. Fully understand the BUOB though. My ...

james16 Chart Thread

opinions please — Hi guys, Was doing some backtesting on the AUDUSD (may-june 2010 period) and would like your opinion on my thought process for the following pin: -bullish pin trading on an uptrend with macd divergence -size/structure of the ...

james16 Chart Thread

Hey guys, When we trade with the trend on the daily charts, should we ensure that its the same as that of the weekly before entering the trade? Or should you just focus on trends within each individual timeframe only?

james16 Chart Thread

yup yup very valid points there. Interesting take on fibs cause i dont see a lot of people mentioning that (sorry i'm pretty new to this stuff hahaha). Will definitely take note of it in the future.

james16 Chart Thread

Ahh okok. I never really put a lot of thought into the choppiness before. Good learning point here hahah. Will pay more attention to it in the future. Thanks for your input!

james16 Chart Thread

Hey Mike! thanks for the reply. Fully understand the part on the buffer. However I still don't quite get what you mean when you said 'what are the real confluences to take it in such a choppy market. Notice the market coming off a few strong bearish ...

james16 Chart Thread

Hey Supreme, thanks for your quick reply. I was actually looking at the chart from MT4 as attached. Somehow, it seems to be more protruding (not too sure if im thinking too much on this one hahah) than the one from FXCM which didn't really make me ...

james16 Chart Thread

Hi everyone, I was doing some backtesting and had some problems on a pin on USD/CAD during the june 2010 period which didn't quite really work out but i'm not too sure why. Would appreciate if you guys could critique my thought process: - Bullish ...

james16 Chart Thread

Hi Jarroo, I was looking at your H1 charts and am kinda confused on how you would enter this trade if you wait for a hard break. Do you enter the trade once the bar that has broken 129.40 has formed entirely? Sorry i'm pretty new to looking at lower ...

james16 Chart Thread

Thanks for the link bug! Wow! Excellent video mike! Helped me understand space a lot better. By the way, am i the only one unable to get access to the guest material on the j16 group webpage. Can only seem to open the last 3 links in james' column.

james16 Chart Thread

Hey guys, Been reading through a lot of posts here and realised the importance of location and/or traffic. However im still confused as to what contitutes a good location to start a trade. How do you guys define a good location? Is there some sort ...

james16 Chart Thread