That is a "two-bar pin bar." Definitely tradeable imho. I love these things! If you look at the first top of the triple top on your chart there is nother 2-bar PB that went well.

james16 Chart Thread

CADCHF — When I read what Jim says, e.g., the above chart, and hear him say "this stuff is dirt simple, folks," I invariably find myself saying, "He's right, he's right, he's right," and it gives me confidence. Thanks, Jim, and everyone else ...

james16 Chart Thread

I've heard a lot of people predicting a bear market rally. Maybe it will be a long term H&S pattern.

james16 Chart Thread

You talkin' to me? You talkin' to me? You talkin' to me? Then who the hell else are you talkin' to? You talkin' to me? Well I'm the only one here. Who the f%$& do you think you're talking to? Sorry, couldn't help channeling Travis Bickle ...

james16 Chart Thread

Read this and do the opposite? — UBS AG forex trading model returns a whopping 5%! Might I suggest doing the opposite of what this model suggests? url Seems to me these bankers should simply hire some folks off the CW and J16 threads ...

Silent Service Method

Confirmation of Swiss intervention — It is confirmed that the Swiss intervened in their currency and may very well do it again. There is also speculation that the BOJ will intervene in the Yen market too. Of course, the SNB and BOJ simply ...

james16 Chart Thread

I just happened to be long cadchf at the time, in drawdown, but not anymore. On another note, Judge to Bernie Madoff: "Go to jail, go directly to jail, do not pass go..." I hope he brought his toothbrush. No, scratch that. I hope he brought a case ...

Silent Service Method

I admire your strict adherence to quality set ups.

james16 Chart Thread

I display one chart at a time since I am doing this on a laptop. And I move up and down the TFs, weekly, daily, 4hr. I don't look at the daily too much, until the daily closes. Same with weekly.

james16 Chart Thread

Get it while its hot! — LMAO! You better get this book right away. There are only five copies left. They must be going like hotcakes! All sarcasm aside, however, perhaps now or the very near future is the time to get into real ...

Silent Service Method

To the moon Alice! — Thanks again, ghous! It looks like we were well positioned to take advantage of the Swiss intervention. I thought about doubling down on my long CADCHF trade before going to bed last night as it looked like it was ...

james16 Chart Thread

Thanks ghous. I was kind of thinking the same thing myself, instead of letting the immediate "results" dictate my thoughts on the propriety and quality of the entry and then beating myself up over it, while I am still in it. This trade might be ...

james16 Chart Thread

Its a demo account with about $11,400 in it and I risked 0.14 lots with 221 pip stop. So about 2.7% risked. I always use correct position sizing. Doing it just like I will when I go live. Not too worried about it, but I could have done better, and ...

james16 Chart Thread

Here is my terrible BUOB trade on cadchf — I took this BUOB, which was fine, but I should have placed my entry further up due to the PPZ directly above. I thought this was a signal that this PPZ would be pierced and broken since the BUOB was ...

james16 Chart Thread

Where is crude on fxpro? What is the symbol and under what category, i.e., CFD, Futures, etc.? Futures I am guessing, but which symbol?

james16 Chart Thread

Its a PB on my feed but nothing I would trade as the PPZ is immediately below as far as I am seeing it.

james16 Chart Thread

Not necessarily true. Depends on your success ratio. Not a style I would be comfortable with, but it could work out.

james16 Chart Thread

I don't like that bar at all to be truthful. It does not qualify as a PB as far as I am concerned. I have read several times that a PB should "jump out at you" and be "obvious." This bar does not and is not imho. Which of course means it will fall ...

james16 Chart Thread

If that's your plan and what you did, then nice trade!

james16 Chart Thread

AUDUSD 8hr PB — Looks like we have an 8 hr Pin on AUDUSD 4hr chart. First support looks like .6360, then 0.6300 area.

Silent Service Method