Indeed!

james16 Chart Thread

I find the E/J weekly chart quite revealing....dichotomy between weekly and intraday leaves one burning the candle at both ends it seems!

james16 Chart Thread

LOL - Fiber to par; USDJPY to 120...there you have it. Now, how do we play it?

james16 Chart Thread

Notable how the Yen based moves were dictated off of yesterday's daily PA. Man's best invention - fire: man's worst invention - the intraday chart Both will burn you!

james16 Chart Thread

Indeed, that is no small point. The TSL and the AH do allow the trend to dictate profits. Rather than dictating to the market, one is forced to remain less judgmental. I find that over-manipulating the trades leads almost uniformly to "badness."

Jacko's Forex House of Pleasure and Pain

As one who was (rather aggressively) also looking at that level, I would have liked to have seen an obvious rejection of the price after a good test > 20 ticks or so in EURUSD...i.e, a PB). As pointed out above, a PB at a daily or weekly S/R or fibo ...

james16 Chart Thread

Here we are again....will re-load if things stall here.

Jacko's Forex House of Pleasure and Pain

Nice look off the bottom Hans....congratulations......a prepared mind is victorious....I am back short from the 62.

Jacko's Forex House of Pleasure and Pain

I think it's always good to look at the case for both sides. The correction was rather obvious on the 8 hour chart this morning....at least sufficient to move one's stop or to be prepared for a trailing stop to be hit. There are concievably a lot of ...

Jacko's Forex House of Pleasure and Pain

Hans, Many thanks - mutual respect for you from this end! Looks like you are correct on the need for more retracement. No point in hopping in front of the train.

Jacko's Forex House of Pleasure and Pain

I agree. I was hoping for an early retest of 1.33 ths week. I will probably dive in if there is some solid resitive PA at the current levels...right now there is a little stall but no overt reaction....still looking at it on the 4-8 hour window.

Jacko's Forex House of Pleasure and Pain

Indeed, 1.33 was a good initial entry but it was basically untested. Time will tell....I will likely re-enter ahead of that figure though. The 1.3090-1.3110 looks like a potential early target based on the resitance

Jacko's Forex House of Pleasure and Pain

Looking to re-implement shorts in here at the Fibo/resistance confluence...would be nice to see confirmatory price action.

Jacko's Forex House of Pleasure and Pain

Yes, holding short EURUSD and long USDCHF from Friday. The large D/W pennant on USDCHF is revealing and will likely dictate my actions per the resulting PA.

james16 Chart Thread

There was an hourly hammer prior to the comments that prompted me to cautiously add; normally I prefer to look longer term; perhaps there was a level in there that someone was spotting.

Jacko's Forex House of Pleasure and Pain

29, Your hard work and enthusiasm will accomplish great things. You are making some nimble trades there. I am holding long USDCHF and short EURUSD from last week - but you are knocking my socks off with your exits...are you re-loading or waiting for ...

Jacko's Forex House of Pleasure and Pain

As noted last week in discussing the Loonie relevance to a possible EURUSD buying spree, the large weekly/daily pennant on USDCHF likley bears on the short case for EURUSD. (no pun intended).

Jacko's Forex House of Pleasure and Pain

1.33 on the dot for the moment....likely a retest will present itself one would think next week.

Jacko's Forex House of Pleasure and Pain

Indeed, you have summarized the whole method here.

james16 Chart Thread

No reason to reverse yet--still holding long until I see some evidence of a change in sentiment. From here to 3400 looks worth watching closely. The R/R for shorts is certainly more appealing now though. I have the weekly 50 fib target at 1.33. The ...

Jacko's Forex House of Pleasure and Pain