If you did take it short, where would expect price to stop? When would you move to breakeven?

james16 Chart Thread

The real question is, are you going to trade it? On my feed the pin bar didn't close within the body of the previous bar. We broke the 1.37 level and I'm going to wait and see if 1.37 starts to act as support from prior Resistance and then look for ...

james16 Chart Thread

Haha, I didn't pick up on that either, makes total sense the way you explained it.

Jacko's Forex House of Pleasure and Pain

It really is amazing how some levels are much stronger than others. Respect those PPZ's!

james16 Chart Thread

Are you talking about the BEOB on the AUD/USD? I wasn't too suprised by that one, if the BEOB had closed below the .7500 level then it would have been a powerful setup. Since it hit the .7500 level and stopped like hitting a brick wall it was a ...

james16 Chart Thread

Wow, I didn't realize the .7500 level was such a major PPZ. I should have looked at the weekly. Looks like price has retested .7500 as support 3 times since the break north. Which might mean it would have been a much stronger signal if the ...

james16 Chart Thread

True, we do know the potential areas to look for PA... I think I need to stop over analyzing and try and keep it simple.

james16 Chart Thread

To be honest I don't trade it or use it anymore, I actually forget it is there. Do a search for it if you are curious and you should get a blog hit. I'd stick with the pure J16 stuff.

james16 Chart Thread

Party Pooper — Hmmmm.... I can't decide, take the break or wait for PA to form at the retrace around 50% or 61.8% Fib. and go long.... Daily Trend has been UP for 50 days or so.... Or do both?

james16 Chart Thread

20K+

Commodities account size to start

Updated Chart — Here is an updated chart from 05/09/2009. Pretty interesting...

Crash of 1929 vs. Today

I like how Peter Schiff puts it, "The FED spiked the punch bowl and everyone got drunk." Easy money leads to easy lending leads to mania's and bubbles... Happened before and will probably continue to happen as long as there is a system of Fiat money ...

Crash of 1929 vs. Today

Yeah, I see price in an short term Uptrend, so this down move I would guess is a retrace, maybe back down a little before testing the 60.00 level again. Who knows, I guess all I can do is play the price action at the key levels.

james16 Chart Thread

If you made money it's a good play. You chart looks very similar to my chart on the 1HR.

james16 Chart Thread

Here is the 8HR on IBFX. Looks even better. Only problem is, lots of places for price to stall.

james16 Chart Thread

NZD/JPY — N/J - Double Top @ PPZ + MACD Divergence. I'd like to see it break those old tops. Looks more interesting on the 4HR chart. .

james16 Chart Thread

Check out Sam, he discusses S/R from a Supply / Demand perspective. url

Can anyone explain resistance and support?

You make some good points and this issue has been beat to death all over the forum. But, here is my take on it. Demo is good to learn the platform your using and when learning a new method to execute the method correctly. It can / will never replace ...

james16 Chart Thread

Newbie — New at this method. Looking at the chart you posted the bars start in the lower left hand corner and they are going up to the upper right hand corner, wouldn't that mean price has been in an up trend for awhile on this time frame?

Jacko's Forex House of Pleasure and Pain