Jarroo, what do you think about the Dow this time? If the day were to close at the current level or somewhat higher, I mean. I know there is an HRN (huge round number, a Dow special variation of the BRN) at 10k and we would have to blast ...

james16 Chart Thread

I'm pretty new here as well, but what I've done to speed my learning curve is to participate in the discussion while at the same time catching up on the previous thousands of posts. There are a lot of excellent examples of PBs, BUOBs, BEOBs, DBHLCs, ...

james16 Chart Thread

I totally agree. I've experienced this first-hand. It reminds of studying organic chemistry in high-school. It all looks pretty darn complicated at first, but if you have a good teacher (here we've got lots of them) and motivation, you will slowly, ...

james16 Chart Thread

It amazes me every time I open my collection of the best charts (yes, I do collect them) and of the videos how some of the best setups worked out. It has probably been said before but repetition is the real key to learning this stuff. ...

james16 Chart Thread

With such low timeframes and tight stops, things tend to play out this way. I noticed the swing as well but I only took 13 pips off the table as I was too busy managing EURUSD and I saw it stalling. It looked more like a doji on my chart but it was ...

james16 Chart Thread

So that's how pin bars are born: Drunk trader banned from industry for five years I read the news this morning and I the first thought that entered my mind was that this guy had to leave a nice pin on the chart. Well, I went and dug up the chart and ...

james16 Chart Thread

I'm not Rely, but I think that's what he was looking for. I have that post saved in a special Word file along with a lot more. I also have a link to this post by Jim explaining inside bars, check it out Rely: url

james16 Chart Thread

What is a bunghole? Well....there is only one answer to that. It's a hole that needs TP* TP* = toilet paper image

james16 Chart Thread

Haha... You know what's really funny 'bout this trade? Cornholio here actually took at short position at 1.0893 and got the tee-pee he wanted. But honestly, I'll try and be less 'controversial' in the future. This isn't about who is right or who ...

james16 Chart Thread

You know, you just made my day.

james16 Chart Thread

Jarroo sure knows what he is talking about: url I know there are a lot of people who are new to this method like me who are reading this thread, trying to learn the ins and outs of this business. This post is just to prove that the seniors know ...

james16 Chart Thread

It's not that I've not seen the chart, it's that I disagree with the idea of taking a CT trade with such a poor risk-to-reward ratio. Of course, we all have our own R:R so I'm not stopping you or anyone else from taking this trade. I'm just trying ...

james16 Chart Thread

My bad, I'll try to be more informative from the start in my next posts. Given the timeframe we're talking about here, I'd be much more comfortable looking for a short setup from a swing high. Price has indeed stalled due to the confluence from ...

james16 Chart Thread

Why are you talking about the major uptrend when you are taking a trade based on a 4 hour chart? I have my USDCHF chart opened all the time and I can see a very steep downtrend from 1.17 to where we are now. I think the seniors will tell you the ...

james16 Chart Thread

Lots and lots of reasons on H4 chart not to take a bullish position.

james16 Chart Thread

PB managed to squeeze his post in front of mine. I am referencing to the USDCHF trade here.

james16 Chart Thread

Buying into such a steep downtrend? With such a profit target?

james16 Chart Thread

Hmm...it seems to me that we are talking about the same thing. I said the short nose on the GU was a sign of strength, meaning that the price could have some more room to go to the upside. The word 'strength' was not meant to describe the pin on GU. ...

james16 Chart Thread

I thought short noses at a swing high were indicative of strength? Strength as in the price has room to rise.

james16 Chart Thread