Hi MG. That is not a pinbar it is an inside bar, that is shaped like a pinbar. It "looks" bearish to me, but there is not as much information as true pin bar. I agree with trc...you need to watch this one closely and be quick to adjust stops or take ...

james16 Chart Thread

Looks like you and leo are killing my short ....The space to me still looks lower. I considered taking profit yesterday once the TL PPZ was respected, but decided the upside potential of the further move down was worth giving back some back. I ...

james16 Chart Thread

EA is definitely approaching an area with a lot of history. I've drawn a couple of potential scenarios (4, 5 on screen shot). At this point I would be inclined to think 4 is more likely, but I've quit trying to predict what it will do and am ...

james16 Chart Thread

That drawing is "Gold, Jerry, Gold!!!" One could develop an entire strategy based on that drawing alone!

james16 Chart Thread

I think you see the box just fine. This is a choppy pair on daily. The consolidation becomes more clear on 4H on the pair....at least for me. The 4H BEOB was a thing of beauty. Outside bars are by far my favorite PA bar. image image

james16 Chart Thread

I agree with fonz on the daily. I looked at the daily and passed due to the traffic. I only trade dailies and rarely drop below, but did to look at the 4H... it is a different story. Almost perfectly formed BUOB, with strong close indicating ...

james16 Chart Thread

Nice charts Dan. Mine look very similar for both pairs. Did you hold your EJ short through the weekend? I would watch that cluster of lows between the 2nd and 3rd touches of the rising TL on your chart as an area to expect some sort of reaction...it ...

james16 Chart Thread

I drew the pattern a little differently, but our charts are similar. I would have liked to have seen the close below the BRN as you mentioned. However given how EURO closed on most pairs today, the bounce at the BRN looks a lot like profit taking to ...

james16 Chart Thread

Just a question...playing devil's advocate a bit. Won't you need the same patience on demo? I would think you would be waiting for the same setups and would have the same wait time between setups if you are trading the same setups and watching the ...

james16 Chart Thread

It's great that you have decided what will work for you. For me personally, I prefer trading smaller account. I found that I reacted totally differently on demo and developed bad habits....because the risk wasn't real. My discipline improves when ...

james16 Chart Thread

Your explanation is fine. Looks like you are taking a trade very similar to ghous or the wizard - swing failure pattern. MACD convergence is definitely good to use as confluence for what I consider a very advanced PA entry. TP looks very aggressive ...

james16 Chart Thread

nice call on NU, did you TT there? Did you base it on divergence only or did you have some more confluence to trigger. Would like to see what your target for price is and how it plays out....certainly off to a nice start. I bet Ghous gave this one a ...

james16 Chart Thread

Waiting.....

james16 Chart Thread

Thought this might be a good spot to reflect on a golden post from J16....lots of great stuff in this one, the most important piece to me though are the words of wisdom regarding trading consolidating markets, at BE or better. url I suggest ...

james16 Chart Thread

I would suggest watching this one closely....and be very wary of the bar lows marked in the attached. image

james16 Chart Thread

Glad to know I'm watching the same areas as the master!! url

james16 Chart Thread

Potential scenario....EURAUD has broken an ascending TL and looks like it is headed to recently strong support at the PPZ located at BRN 1.5000. If price can trade strongly below that area a drop to 1.4500 could be in the cards. image

james16 Chart Thread

Thanks Mike. As I hit enter on the original question I realized that had to be it....not sure why I never considered that before. BTW, very much looking forward to the changes to the J16 site. I'll be starting up a new journal over there in the not ...

james16 Chart Thread

Hi Mike...it's been a while since I've been on the forums, hope all is well!! I'm going to ask a dumb question, how do you replicate your trades? Do you just enter the same trade on a demo chart that you do on your live o are you able to enter it ...

james16 Chart Thread

Very nice analysis. I really love that second chart (daily). That is about as good of an example support turning to resistance and testing as you will ever see. I certainly hope we get the correction you're speaking of to your target......will be a ...

james16 Chart Thread