Thanks Jarroo! Working out well. Thats the beauty of these. Tight stops on the other side of the line allow a large % trade. Normally 6-8% in my case but I am crazy. Already up 50 pips before PA traders even notice it. Beautiful. Hope some people ...

james16 Chart Thread

I don't like venturing into this too much because this isn't what the thread is about. But I strongly disagree. The EUR/CHF setup is a PERFECT touch trade setup. Strong down trend, very sharp peaks so tons of traders will have their eye on this. I ...

james16 Chart Thread

Well since this is on topic with my previous post: Was it a touch off the 61.8 and 50 fib or was it a touch off this?

james16 Chart Thread

You might want to rethink that. The J16 method doesn't seem to deal much with trend lines but believe me when I say they are very powerful. Often stronger than horizontal S&R. I play these as touch trades with a very high win ratio.

james16 Chart Thread

Looks like a perfect touch trade to me!

james16 Chart Thread

Breakout soon.

The WoRmHoLe

Great levels as always Wed. You are making me some pips and I would like to thank you. Keep on posting and post more levels! Cheers.

Wed's Level

K this is all great but completely irrelevant I'm sorry. Notice the 2 giant trend lines it has been bouncing between for weeks???!?! The TL that just turned it TO THE PIP and went 25 pips down?? Good to know that price is at 115% of it's 20 day ...

Cable Update (GBPUSD)

Would it have been a loss this morning? It appears that way but the 4 hour chart doesn't show the whole story. If you dial down to say a 5 minute chart you will see price bounced about 60 pips with a 5 pip drawdown. As for win ratio, can't ...

Cable Update (GBPUSD)

I forgot to mention an important part. Repeat all the steps on every pair. Cheers to you as well and all the best.

Cable Update (GBPUSD)

You want some advice? We'll call this: "Captains steps to success when you can't sit all day and watch a chart because you are pre-occupied with other things like serving your country" Step 1: Plot trend lines (like I have been showing) on a 4 hour ...

Cable Update (GBPUSD)

This is a man who knows how to read a chart. I prefer the line drawn from the low wick just to the right of where you have it.. but another good eye on it for sure. Take notice people: candles and lines is all you need!! see: wormboy. Throw in a few ...

Cable Update (GBPUSD)

You should read my posts today. Shorting this thing all the way back up the channel is foolish. Set a short here if you think it is going south, and if that fails then short from 5860 at the top TL. You're welcome.

Cable Update (GBPUSD)

Anytime there is a big obvious TL like this it will slow price down. Therefore, the argument instead should be: 1st TL broken, now 2nd TL must break to continue bull move.

Cable Update (GBPUSD)

[quote=USD-Bear;4063074] There are many trendlines. I have a lot more drawn but only post charts with the current relevant ones for ease of viewing. You can also see how the current ones I have drawn are being respected heavily. If you dial down to ...

Cable Update (GBPUSD)

This is the only chart everyone needs to focus on right now. A few false breakouts to the top and now she has just broken out to the bottom. She will either break here or make her way back up. If she breaks low I bet 1.5500 is in the cards, and high ...

Cable Update (GBPUSD)

Nice. Went in 6% with a limit order while I slept.. It went 85 pips but I see is now back to around 45 pips profit. Might hold for the 250.

Wed's Level

Thanks Wed. Will be waiting for this level.

Wed's Level

The shameless self-quote.. Easy money folks! Look to long at 5750ish, and if that breaks she is headed to 5680ish. If I'm still awake when she gets closer I'll give you entries to the pip like the other night for those who were around.

Cable Update (GBPUSD)

Careful.. — Short would be the smarter bet!

Cable Update (GBPUSD)