EURCAD reaches to multi-year high — EUR/CAD is reaching multi-year high around 1.6984. Need a PA to go short here :-)

james16 Chart Thread

USDCAD I4B — There is an I4B for USDCAD. It's below the resistance zone. Ken

james16 Chart Thread

AUDUSD I4B — There is an I4B on the daily AUDUSD chart. It's next to the support zone; and There is the MACD divergence.My bias is long for this one, considering the piercing pattern on the weekly. Ken

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Gold — Gold weekly just finished an I4B, which sits on the EMA(150). In addition, there is a daily MACD divergence there. If it breaks to the upside, it may go visit the 850 resistance. Ken

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AUDUSD — This is not totally James16. But we have got Piercing pattern @ 76.4 fib on AUDUSD weekly. It looks like the retracement is taken place on this one. Ken

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EURCAD Trade — I went to short when BEOB on the weekly was taken out @ 1.5230. Take 1/3 off when price reached 1.5030 due to the resistance from past. Moved S/L to B/E. Next target is 1.4750. Ken

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EURCAD — Weekly EURCAD is showing a big BEOB on the resistance. In addition, there is a MACD divergence. We may get chance to short this pair next week. Ken

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I am taking half off @ 0.7900 and move the stop to B/E.

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EURGBP short — Here is my short on EURGBP. A daily i4b has formed on the trendline. There was a huge PIN but that didn't get triggered. However, it provided short bias for me and this I4B is the trigger. Target is 0.7850 and 0.7700. Ken

james16 Chart Thread

I don't know what's your thinking on this one. For the past 4 weeks, EUR/GBP closed below the trend line. And then, there is this huge PIN against it. I guess it's time to go short. Ken

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Hi Mike, Thanks for the post. Your analysis is really sound! I guess there will be a different trading strategy based on the location and time frame. There will be a season for buy and hold, and there will be another for getting some quick bucks. We ...

james16 Chart Thread

Gold — Hi Mike, On my gold weekly, it shows: Uptrend line is broken; EMA(150) is broken; A huge PIN from 930.50 area and it's working; Multiple lower lows and 2 lower highs already.Would you think that the trend has changed? Ken

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EURAUD daily I4B — Here is one for your reference! After the price shot up and passed the multi-year high 1.9110, we had the second test, with the first one being a PIN. Yesterday's bar is an I4B and multi-day IB, too. Something big is cooking ...

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Hi Betard. Just want to share with you that you might want to tighten up the S/L on this one. It could go high, however, the MACD on the daily is not following. With Libor rate dropping, USD is going to get weaker for a little while. I won't be ...

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Hi Interceptor. There are many trading systems out there with each forcused on different aspects and elements. J16's system is almost purely technical. Trading purely technical does makes sense most of the time. It's more based on human behavior ...

james16 Chart Thread

GOLD — It's going against the common sense, but GOLD is going to drop hard. On the daily chart, last Friday's bar is a huge BEOB against the 930 resistance. On the weekly chart, we have a PIN against the 930 resistance, the upward trendline ...

james16 Chart Thread

Long term EJ chart for your reference. Huge divergence!!! I think the unwinding of the JPY crosses will bring down just about everything. "I smell the trading opportunities" -- Jarroo

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I4B — Both EUR and GBP show a daily I4B setup next to the round number resistance. It will be interesting to see how they play out.

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Patrick does not need the defense He knows that he is making loads of money by trading J16's system. If someone does not like that, so be it. Just to add some thought on his EURCHF chart, we are seeing a weekly PIN here. It comes off from ...

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EUR long — EUR long just taken. It's based on 2 factors: 1. Long term monthly high @ 1.4160 area; and 2. 30 minute PIN You can also play the 4HR pin, too.

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