Somebody is on a roll!!

james16 Chart Thread

Saw the news on yahoo this am and thought of you PB. Glad to hear you are safe. My thoughts and prayers go out to everyone affected.

james16 Chart Thread

So I started on weekly, with a couple of lines and dropped to daily. At 1.5758 area I drew a weekly LCS... A few bars ago we had a daily LCS, almost to the pip, of the weekly. Price broke through and we now expect support to turn to resistance, and ...

james16 Chart Thread

Here's how I see fta at 132.5 if it breaks...a little choppy so will have to be managed closely..

james16 Chart Thread

agree with atc....WOW. Seeing how you use these levels as entry s/l.... Is this a scenario that would make sense to you to TT short on EURO?

james16 Chart Thread

Really liking this concept...this evening I've been going through chart drawing weekly HCR/LCS and looking at past PA at the levels....CADJPY was interesting. It was too choppy on weekly to draw the lines so I moved up to monthly to draw the lines ...

james16 Chart Thread

I'm actually in this one...I took the break with a stop loss above the bar. The BEOB is not huge, but the close is lower than the low of the 4 previous bars. I slightly reduced risk after price hit FTA yesterday. I like the chances of the 6250-6300 ...

james16 Chart Thread

I think we all have to fit it to our style. However, the break out and pull back we're watching on daily now (115.00) is defined by a weekly highest close of resistance at 114.85 from 5 and a half months ago. I also see it as a way to look for ...

james16 Chart Thread

I put a couple of thoughts on a chart...hope they make sense. For me, I want to look at the LCS and HCR a little in the past to find an area to watch for future PA. The closes near 115 and 110 jump out at me. I don't see myself using a current or ...

james16 Chart Thread

...I just read TF as something other than Time Frame that goes with What....getting late here.

james16 Chart Thread

I think you need to draw the HCR/LCS first and then look for break through close above/below etc. Here's how I see current EJ consolidation using HCR and LCS....the top and midpoint of current box can be defined by the HCR and LCS1 I drew on weekly. ...

james16 Chart Thread

Oops...charts right, edited post

james16 Chart Thread

One more EG- a previous weekly LCS, flipped to resistance and came back to be an LCS a second time - almost to the pip, and is now major resistance area High probability that the area will: 1) Continue to hold as resistance 2) Flip back to support ...

james16 Chart Thread

How I see NZDUSD with HCR/LCS...would love to see retrace to .7530 area with bearish PA

james16 Chart Thread

cadchf has been fun to watch. looks like bottom of consolidation box and 9500 have done their job...again. 9700 and 9800 look to be nicely confluenced areas...RNs, retracement and ema. Maybe one will give chance to get long on swiss francs.

james16 Chart Thread

Hey DB. Please be sure to post your results from this one. I'm currently backtesting retrace entries and looked at this one closely for a demo. I ultimately passed because my BT has currently consisted of Outside Bars and Pins that straddle the BRN ...

james16 Chart Thread

Hi Bryan. I'm pretty new as well so take that into consideration with my thoughts. I probably should have put a little more info on my thoughts on the 1.5000. I currently have a bullish bias at that area until price can close below the and then ...

james16 Chart Thread

Hi Ganesh. I am inclined to agree with PB and vasmiza on this one. The 1.5000 is currently a strong PPZ. Each time price has broken through and closed below on daily, resistance hasn't held. Contrast with the support we see when price closes back ...

james16 Chart Thread

I've been watching Dan Gilbert trade the I4Bs and sort of looking for one to do a first demo trade on. EURCAD weekly is straddling BRN 1.3500 and is an I5B. Looks to be in the right spot, but immediate traffic on both sides. There is some room to ...

james16 Chart Thread

EURAUD...seems to respect the 150 (blue) ema. Also have Round Number 1.38 and 61.8 retracement as confluence. Will be interesting watch this area after today's strong move up.

james16 Chart Thread