the price has retraced just too much for anyone who traded this pin bar, personally i want to give this pin bar all the chance i can within my MM, on my feed we're just a few pips from the tip of the nose of the PB, i plan to hold the trade for some ...

james16 Chart Thread

Great charts Mike! and i like your approach though it's a bit different than mine, what you're looking to do is to wait for price to pull back to the breakout area first and then find a PA to confirm the breakout move... the problem i see here is ...

james16 Chart Thread

and i don't feel the need to add on any positions...feel free to do so if you like...

james16 Chart Thread

i still loook upon it as res from the 161.5 region ppz, but the weekly pin seems far from giving up! it seems it's busy forming the right eye to build into a handosme pin bar

james16 Chart Thread

Hi Forex007, the most important point abt trading trendline breakouts is the fact that there is no hard and fast rule abt breakouts, although ppl like Demark and others have tried to extract some rules out of these uncertain markets, the raw truth ...

james16 Chart Thread

oh! i get it now, thanks!

james16 Chart Thread

it's a DBL fine, but the first bar forming the double bar clearly closed below the second bar's close...

james16 Chart Thread

here are a few examples to prove this...

james16 Chart Thread

i am not doughting the great knowledge you posess SL but this really is a new concept to me, i believe what i posted earlier, a line that can provide resistance can provide support too, but i guess you don't believe it's true for trendlines...hmm... ...

james16 Chart Thread

if i remove the multiple colors from my chart, it still resembles the TBL according to Jim...

james16 Chart Thread

oh! need help jarroo...

james16 Chart Thread

Then why exactly is it true that a supporting horizontal line can well provide resistance? as i see it any line that can provide res or support is eually good to be used for either, There are a million examples where it can easily be concluded that ...

james16 Chart Thread

this is the trendline i was referring to, had this trendline not been there all of the stuf you posted was valid, but this TL seems to be a nice source of support, atleast uptill now...but i agree though that there is strong res too...

james16 Chart Thread

you are making the same mistake with EU as the one with NU, read my earlier post... EU is still on a very strong support line, shorting may once again not be a very good idea... Regards, Ghous.

james16 Chart Thread

ok let me first tell you that i am in long Nu as well and have no plans of closing atleast not for some time... coming down to your idea of a short... fine the previous trend was down, it was even strong bearish momentum which i love...but...the ...

james16 Chart Thread

Bundy just abt said it all...he rarely allows anybody else to take the seat... just to add on i am not yet ready for a short ofcoarse long term or short term, this was just something i noticed with many usd pairs, PAs in nearly all of them ...

james16 Chart Thread

LoL! i get the point

james16 Chart Thread

a question... — Does this kind of a setup take up some plcae in James 16's grand book of PA indications?? usd/cad is in a very nice place at the moment, it seems to have nicely bounced over a very long term resistance line, could this PA ...

james16 Chart Thread

yeah that's right i was going through my weekend analysis and was wondering over this same point, a possible BUOB on Uj (not as prominent on my charts) a nice DBHLC on Gu another BUOB on Usd/Chf, i am beginning to feel the heat on my Eu long ...

james16 Chart Thread