Hey Rami, great you join us! H Jarroo, thanks for sharing your view. You're right, I got this chart from Netdania. It's nice to see your SL positioning in action.

james16 Chart Thread

I would have loved to see EURAUD close above this HCR on 4h. I moved my stop up a bit to 1.1945. AUDUSD also still not broken to the downside. Am already in a Jarroo style trade and wait for a break/confirmation of the 2-day-BEOB

james16 Chart Thread

Yes, in my opinion that's what they are. All that a chart projects is the supply and demand equation that expresses itself in support and resistance levels, different price patterns and last but not least J16 setups. I believe pinbars, BEOB/BUOB ...

james16 Chart Thread

Yes, makes sense. Thanks for your input.

Why Is Price Doing What It's Doing?

Day 2 of WIPG (correction!) I'm sorry I totally forgot to start this WIPG with a break of the bar (i.e. BEOB) which makes it a classical J16 trade. Thanks to PB and Mike for pointing that out. To all new people: until now it has not been a valid J16 ...

james16 Chart Thread

Oh, you guys are right. I totally forgot that this bar did not even break. I will upload a new chart with the broken BEOB in a minute. Sorry for the confusion.

james16 Chart Thread

Great. Where's your stop?

james16 Chart Thread

Day 2 of WIPG Here is day 2 of WIPG. Since not so much happened and price went into consolidation I hereby reveal 2 days at once to you. What's your analysis? Where would you put your stop? All new people are very welcome to WIPG.

james16 Chart Thread

EURAUD is still lingering around near the HCRs of that purple area. I wait for it to break out into this blue area. There's not much resistance in it, at least not until 1.2129. That's where my final target is. If it retraces from here I've got my ...

james16 Chart Thread

Two further questions to all of you guys: 1. Which are the most important reads (webpages, forum threads, books, etc.) to understand pure bare-naked price action? 2. I've heard a lot about Larry Harris' Trading and Exchanges: Market Microstructure ...

Why Is Price Doing What It's Doing?

Do banks and governments also fall under your definition of "commercial"?

Why Is Price Doing What It's Doing?

Hi Grizly, yes, there could be more demand than supply here and price could rise up again. But you have to see these zones in the bigger picture. If the level that recently pushed price down has tons of supply in it this small demand may very well ...

james16 Chart Thread

Hi Ganesh, yes as it would also mean price trading into the bullish bar I marked with blue. There's often not much support/resistance in those bars and price tends to cut through them. That said I would move my stop to BE pretty soon as 1.0345 is my ...

james16 Chart Thread

Hi DaddyBear, the chart is pretty small. Do you want to say that AUDUSD arrived at a possible channel bottom and is likely to turn higher? I just tried it and could find even more channels on my chart. That's why I don't use them: I can't handle ...

james16 Chart Thread

Thanks for pointing that out. Yet I agree with Chanya. Trendlines are valid trading tools if you know how to use them properly, which I don't. So I rarely use them. I think the uncertain element of this trade is also reflected in the area I pointed ...

james16 Chart Thread

Hey Rosco, fist of all it is not a pinbar. Technically it's a BEOB as it encompasses the previous bar. I don't like the fact that it recently broke above those highs and the BEOB could not close back below them. Furthermore the weekly level it just ...

james16 Chart Thread

Hey Ganesh, great you join us. And don't worry, there's nothing stupid about being new to this stuff. In fact, it's very intelligent to join this thread. I will have an eye on AUDUSD and trade it Jarroo style if it happens to come back to the ...

james16 Chart Thread

P.S.: I think Jarroo mainly focuses on recent HCRs/LCSs. Everytime price cuts through it the past becomes less important I think. Maybe he will clear this up for us.

james16 Chart Thread

Hey Samuel, I think it depends on your trading style. When your perspective is that of support and resistance even the highs/lows in the distant path, i.e. years on a weekly or monthly TF, may be of importance. What helped me the most was to look ...

james16 Chart Thread

Thanks for your view Gnarly. I wonder how many retail and commercial orders there are on a major pair like EURUSD per day. Are there any statistics on that? Would it even be possible to find out? I doubt that.

Why Is Price Doing What It's Doing?