A simple PPZ trade...

james16 Chart Thread

Reading through his entire blog from start to finish and having a chart in front of you is a valuable teaching tool within itself. I think I've said this previously, the method is simple (TL joining highs and lows, 50% fib and round numbers - a 5 ...

Jacko's Forex House of Pleasure and Pain

Typed a reply but the servers were busy and it got deleted grrr! 1. The second bar is not a pin bar so I wouldn't be looking for a trade here. 2. The trade you took is not an A+ setup IMO. The PPZ is not that clear IMO and the bar itself is not that ...

james16 Chart Thread

Excuse the cr*ppy chart (at work), took a simple PPZ trade long from 1.390, target recent high @495. No price action, but price couldn't break through for a fair few bars now so there was a high enough probability that buyers would take this back up ...

james16 Chart Thread

A couple of questions to understand your reasoning / rationale if I may... Why do you think this indicates a bullish signal? Why did you take the pin bar trade? i.e. what were the reasons you noted mentally that this was a great setup and what was ...

james16 Chart Thread

Generally I do. The multiple lows on the 4H at 1.4250 represents a resistance area for me. however, this is not the clearest resistance line and is not clear at all on the daily chart. For me the areas I will be watching as a target for price to ...

Jacko's Forex House of Pleasure and Pain

As you can see price bounced off the 50% fib line which was also previous S/R asea and near the round number...was a decent probaility that this was going to happen so worth a counter trend trade in my opinion (50pip SL). I would be looking to short ...

Jacko's Forex House of Pleasure and Pain

Price hit the 50% fib and reversed. MA's are for my use (J16)...Jacko uses TL, 50% fib (to the nearest round number) and support / resistance on the daily and sometimes 4H charts. I just took a quick short based on 1H chart (Alpari feed)...it's not ...

Jacko's Forex House of Pleasure and Pain

Here is the basic Daily chart - Jacko style. I'm waiting until a retracement or IF I see some strong price action I might take an aggresive counter trend trade back up towards the break of the support trend line. Zooming into the 1H...BUOB and ...

Jacko's Forex House of Pleasure and Pain

Will probabl;y retrace back to the old resistance turned support area...I'll be going short from there if we get confirmation it holds as resistance...alternatively I'll be going short on a break of the 50% fib which is currently holding as support

Jacko's Forex House of Pleasure and Pain

I re-checked and you are correct, I don't know what I was seeing there...must have been the tiredness (it was 1am ish local time). I woulnd't have taken it without divergence but the location was very good...I guess I got a little bit lucky!

Jankone M5 thread

Took this one this morning...CT with divergence and also the pin was at a rising TL on the higher timeline (4H) ... target was closing of the gap, set the TP and went to sleeep...a nice way to wake up for the week.

Jankone M5 thread

This is how we (Jacko traders) would be viewing the EU right now. Chart 1: Old Daily TL - this has been broken. When this convincingly broke our bias was short. Chart 2: Current Daily TL - we have been looking to short retracements above this TL (or ...

Jacko's Forex House of Pleasure and Pain

You are correct in that the A-H would not have been entered as the AH principle is that once the price has moved 50pips+ past your initial SL and comes back you enter a trade at your initial SL in the original direction i.e. in your case we would be ...

Jacko's Forex House of Pleasure and Pain

Took a short on EU a short while ago...based on 1HR inside bar off upper TL identified in previous posts. Quite often we see a change in direction when US opens and with the upper TL, IB and divergence on the RSI(6) that was enough for me to enter a ...

Jacko's Forex House of Pleasure and Pain

Just looked at a chart...price is obviously looking to break upwards at the moment but there is a previous S/R area at the 1.4600 round number on the 4H chart. I'm waiting to see how it reacts to this area and whether we have any price action to ...

Jacko's Forex House of Pleasure and Pain

Sitting and waiting for direction...if the price breaks the recent congested channel to the upside I'd be looking for a breakout style trade...ie breakout and pull back...I would expect the price to then reach the 50% fib which would be my target. ...

Jacko's Forex House of Pleasure and Pain

4HR PPZ ...zoomed down to 1 HR and entered on pin bar...stop moved to BE. Note the divergence too on the 4H

james16 Chart Thread

Interesting PPZ area on Gold...goes further back if you look at the 4H...plus has hidden divergence...not price action though but potentially a pure PPZ trade

james16 Chart Thread

I agree with your analysis and that the trade is not A+, I would say that your divergence is not what I personally would look for..the bars are too close together and the divergence is not clear, myself I'd only count divergence if it was against ...

james16 Chart Thread