Hi Jim, Kudos to the master :-)

james16 Chart Thread

Hi Krue, I am also watching that 8500 area, too :-) Happy trading!!! Ken

james16 Chart Thread

Hi Jim, That is also on my watch list. EUR/CHF has been stuck in a tight range for about 3 months now. When it moves, it will be pretty interesting! Ken

james16 Chart Thread

Gold update — My short since last Friday has reached its first target. Can it go lower? Maybe, maybe not. I am taking profit here as this is a counter-trend trade :-) Ken

james16 Chart Thread

Thank you Jim! I owe a lot to James16 and pros like you in this forum. On this specific trade, you will notice that it all started with a malformed PIN. I didn't feel brave enough to take that one. However, the second Bearish Outside Bar pretty much ...

james16 Chart Thread

short gold — Well, this is a little risky, but hey, a signal is a signal. Short gold when outside bar is broken. Ken

james16 Chart Thread

Well, this is my 3+ year learning from James :-) PIN on 150 and 60. After two huge BUB's over previous few days. Ken

james16 Chart Thread

Nice! I took the exact same one and closed @ 0.9300 for some quick profit. Ken

james16 Chart Thread

CHFJPY setup — Weekly bearish outside bar on CHFJPY. Actually it started from a daily PIN around 86 area. Target should be around 80. Ken

james16 Chart Thread

Joe, That's an IB got broken to the downside. That PIN is very misleading. Why I favor the IB setup instead of the PIN here? IB is on the PPZ and PIN is not :-) Ken

james16 Chart Thread

USDCHF — PIN on USDCHF daily chart. It's off 1.15 PPZ. I am still working on my target estimate but 1.1825 area seems the good. Ken

james16 Chart Thread

I think CAD might go strong, which implies USD weakness. On the other hand, the long JPY carry may become the preference again. Think Dow Jones and other financial indices. It's about time for the intervention from central banks and governments. We ...

james16 Chart Thread

Possible USD weakness — I have posted two charts in my J16 PF journal. One is weekly USO stock chart, and the other is the monthly CAD/JPY. There is a very nice USO weekly PIN at the extream, more like an island formation. In addition, there ...

james16 Chart Thread

Why I didn't take the weekly PIN for now — Not all PIN's are equal. That's why James has been constantly telling us to watch where it is. Let's look at the daily first. (1) We had a rising wedge (bearish) and then a reversal at a major PPZ. ...

james16 Chart Thread

AUD/USD watch — The chart speaks for itself :-) I am waiting for any possible PA on the 50% return. Ken

james16 Chart Thread

EUG/GBP — We need to pay attention to EUR/GBP here. EUR/GBP has the sign of topping on 4HR chart, with divergence on MACD. Watch for PA setup here. Ken

james16 Chart Thread

USDCHF trade is triggered. PIN on the PPZ. Ken

james16 Chart Thread

Hi ALM, Haha, talking about quick pips. I closed partial @ 1.2220 area based on 4 HR resistance. Ken

james16 Chart Thread

Here is another view on the USD/CAD pair. Yes, we have had a triple tops forming here around 1.30 area. I am sure someone has placed some stops a little higher there and we might see some short covering if the price can go that high. If we link the ...

james16 Chart Thread

EURCHF — EUR/CHF is approaching PPZ and 61.8% fib (confluence). Watch for possible reversal here. Notice also the bearish rising wedge and MACD divergence on the 4HR chart. Ken

james16 Chart Thread