Went long @ 1.5700 here. Stopped out @ 1.5740 w/ 50 pips trailing stop.

Jacko's Forex House of Pleasure and Pain

Look, PIN! — Pin in EUR/JPY 1 hr chart

james16 Chart Thread

That's not a PIN. It has the PIN shape, but it is an inside bar, completely engulfed by the previous bar.

james16 Chart Thread

EC — One more chart for consideration.

james16 Chart Thread

EJ — It's also a late present for Rac :-) Ken

james16 Chart Thread

On the break of 1.4700, I went in for some quick money:

Jacko's Forex House of Pleasure and Pain

Picking Entries — To people who worry about the potential loss in picking entries, well, there are actually ways to help reduce the risks. Please allow me to use the current EUR daily chart for illustration. I have one uptrend line and 3 S&R ...

Jacko's Forex House of Pleasure and Pain

Not a trade recommendation — I haven't post for quite some time and here is something that I am watching. If you really zoom out on the USD/JPY daily, or weekly, you will notice that we are entering a pivot zone here. Now, let's check on the ...

james16 Chart Thread

EW alternative count for UJ — Hi Traex, Here is my try on the UJ daily chart. It looks like that we are in the C of the wave 2. It could stop at 50% of the wave 1 around 114.50 area. The uptrend line support will also be there based on my FXDD ...

Harmonic Wave Journal

Silver — Short setup on J16 IB signal on Silver daily. Target around ema(365).

james16 Chart Thread

Oil — It appears that oil is in the correction mode. The i4b after the price moved below the trend line is a perfect setup for short trade. We are in C wave now and it may drive down to 74 - 75 area before it will turn.

james16 Chart Thread

Hi Traex, I entered @ 1.9925 based on the 61 fibo retracement, S&R and EMA(150) on the daily. In addition, I am seeing 1 hour divergence. It will be interesting to watch this. Thanks for sharing with us your experience here. I learned a lot from ...

Harmonic Wave Journal

GBP count :-) — Hi Traex, What do you think of this count for GBP daily? The blue line is EMA(150) that I learned from James16. GBP could go down to 1.9030 area before it will start the powerful 3rd wave move. Of course, this could be totally ...

Harmonic Wave Journal

No worry, Seeking. I entered mine on the break of 3 bar TBL on the daily, knowing that we are in the mini C. The 30 minutes PIN is just an illustration.

james16 Chart Thread

PIN — I don't trade on 30 minute chart. However, this PIN on EMA(150) around 4HR PPZ is very profitable

james16 Chart Thread

Hi Urchin, Nice call and nice strategy! Speaking of USD/CHF, we have had a not so perfect PIN on the 28th. Then the two bars from 29th and 30th formed a DBLHC in james16 terminology around 1.1985 support zone. Dollar seems getting stronger here. On ...

Another way to trade PA profitably

Yes, it's also sitting right at 1.3682 PPZ. It will be interesting to watch this one.

james16 Chart Thread

Well, he normally trades 150 lots and that will be 150 * 88 * 10 = $132,000.00. Now, we just have to put out faith on the trend following technique as Jacko has already demonstrated in this thread that it does work! (Thanks for showing us, Jacko!)

Jacko's Forex House of Pleasure and Pain

Hi Mimas, The last 3rd and 4th bars formed an 8HR PIN. Ken

james16 Chart Thread

Here is the EUR/JPY long trade that I just took @ 116.65. It's based on the trend line and 1HR PIN. I normally don't do 1HR stuff and this is too good to pass around :-) S/L is moved to BE right now. Ken

james16 Chart Thread