Hi Melinni, I am no Seeking and it very well be that my opinion will be wrong (as it has happened before :-)), so please take it with a grain of salt. We have had 4 days of higher close and in general it signaled a short term trend reversal. It ...

james16 Chart Thread

Hi Tim! Glad to see you are back!!! Good luck and best wishes to your trades. EUR/AUD is a good catch. However, just keep in mind that long term trend is down. This upside movement might just be a retracement. We have daily EMA 150, 200 and 365 all ...

Tim's Journal

From the weekly USDJPY, we can see that price has moved to some significant resistance area. I am watching PA signal here. My bias is short. Ken

james16 Chart Thread

Thanks Seeking! I am not trading anything lower than 4HR. It's good that you are getting good result from UJ and GJ. I wasn't able to find anything fun on my 4HR watchlist. On the daiy, the EUR/GBP has gotten a PIN and it's working, though. EUR/AUD ...

james16 Chart Thread

I am watching EUR/JPY for PA signals here. A potential H&S formation may develop on 4HR chart. Ken

james16 Chart Thread

Hi Tom, I think Mike is talking about the Monthly PIN we are seeing on EUR/CAD there. We also have a 2 bar PIN on the weekly recently. Stochastic Oscillator on the weekly is showing divergence also. We could see the trend reversal here. Cheers, Ken

james16 Chart Thread

Here is the 1HR GBP chart with the PIN on the trendline. I took this on my demo account. We will see how it goes. Ken

james16 Chart Thread

On my FXDD chart, there is an I4B on the daily. Hopefully this will get us out of the range bound situation :-) Ken

james16 Chart Thread

I am going to watch the 4HR chart for USDJPY here. We have a daily PP and EMA(365) @ 115.39. In addition, price is reaching the 61.8 retracement. I will be looking for price action to enter long, which goes along the same direction of yesterday's ...

james16 Chart Thread

EUR/USD may retrace and test 1.3130/35 area. In general, I would start to look for James16 Price Action signals around here and ready to go short. Ken

james16 Chart Thread

AUD setups — Some of the AUD setups in this retracement.

james16 Chart Thread

AUD/CAD — I missed this one by little. Still, I am posting this as an example. I know Mike has been advocating this for quite sometime :-) Good call, MIKE! You got all the right element here: fibo confluence, minor PP @ 0.9162, EMA(150), and ...

james16 Chart Thread

GBP daily is also testing both the support trendline as well as the EMA(150). Ken

james16 Chart Thread

EUR/USD is testing the previous resistance turned support trend line, as well as the 4HR EMA(150). I am watching the price action here. Overall, EUR is showing the sign of topping. We may see the beginning of the retracement here tonight. Ken

james16 Chart Thread

I am ready for the weekend :-) As long as EUR does not close above 1.3189 by the end of the day, we will have a perfect PIN on the weekly coming off 76.4 fibo. Funny, I though ECB is going to increase on the rate. Ken

james16 Chart Thread

Here is a breakout trade on 4hr eur/jpy. Entered at 158.50. It has broken the uptrend line. Price actions show a TBL and an IB. In addition, it looks very much like a head and shoulder formation. Exited at 157.99 as that's the fibo confluence, as ...

james16 Chart Thread

Hi Mike, I did the same thing yesterday. Entered at 1.9610 on the break of TBH and the trend line and exited at 1.9645 for 35 pips. There was a lot of resistance around 1.9640 area. Plus it's the weekend so I bailed out quick. Have a good weekend! ...

james16 Chart Thread

Hi Mike, Thanks for the analysis on the weekly. Here is my daily on USD/CHF. Please correct me if I am wrong. 1. We have two fibo's @ 1.2560 area, and that may become a very strong resistance; 2. Uptrend line is broken; long term downtrend line is ...

james16 Chart Thread

In 4hr usd/chf, we are getting very close to the PP and EMA(150) confluence. We will see how it goes.

james16 Chart Thread

I4B on audjpy — There is an I4B on audjpy. 4HR bars hover around EMA(150). Ken

james16 Chart Thread