LOL, yes, I hope so too. BTW, it's great you join us. It will be an important learning experience for us new and intermediate traders to participate in the thinking process of a pro. Hopefully some others will chime in, too...

james16 Chart Thread

I just thought it doesn't make sense to give you the final target as one could just leave the stop very high above until price gets there. So I deleted the post where I presented the target and hope that not so many of you saw it.

james16 Chart Thread

You're right. I'll fix the charts...

james16 Chart Thread

DAY 1 Now we'll go through it bar by bar. As this is a daily chart I'll also provide you with the 8h for those who want to fine tune there stops accordingly (sorry, the 4h feed does not reach back far enough). You tell us where you would put your ...

james16 Chart Thread

Great you're joining us, PB. It's a daily TF.

james16 Chart Thread

I think you guys are doing a great job marking the targets. What about a more sophisticated version of WIPG? Tomorrow I will reveal to you the chart of today's WIPG one bar after another. Everyone can chime in and tell us how he/she would manage the ...

james16 Chart Thread

Nice!

james16 Chart Thread

It wouldn't make to big a difference, tinkerbelle. Apart from the noise on lower TFs they follow the same rules. In the simple version of WIPG it does not really matter when and how price will reach the anticipated levels as long as it does.

james16 Chart Thread

Hey Grizly, I think everyone has his own unique approach. When I started out I was overwhelmed whenever I had more than five charts opened up. It took me over two years to get accustomed to +20 pairs. It gets easier over time and the better you get ...

james16 Chart Thread

Hey PB and all other traders in here: Wanna play another round of WIPG (Where Is Price Going)? Look at the massive DBHLC in the attached chart. What do you think where price is going? Mark your targets and tell us why you chose them. Good luck!

james16 Chart Thread

Yeah, sucks. Hey Donkey, I agree with Winston. Take care and protect your wins and losses. EURAUD is in a similar situation. I'm pretty sure it will continue it's way up but may be in for a retrace before that.

james16 Chart Thread

After almost two years I just reread all the great answers in this thread and I'm really grateful that you guys shared your wisdom with me. I want to tell you that it really changed the way I trade and I look at charts. Thank you for that.

Why Is Price Doing What It's Doing?

Hi PB, thanks for joining us here. I agree with you, Seiden just looks at it from another perspective. Instead of talking about support and resistance he calls it demand and supply. The impact on price remains the same. However, I found his ...

Why Is Price Doing What It's Doing?

Have a look at this thread of mine: Why Is Price Doing What It's Doing? You'll find some great answers and links in it. It all + this thread helped me to understand the concept better.

james16 Chart Thread

Hey delta, stop placement has always been a mistery for me, too. It changed as soon as I understood what support and resistance really mean, why and where they happen. I still haven't grasped the whole thing but it helps a lot to place your SL ...

james16 Chart Thread

EURAUD got higher than I expected in this first move up. It already nibbled at the roof of the consolidation area to the left. I moved my SL right under yesterday's bullish candle. I'm pretty confident that it moves further up but needs some room to ...

james16 Chart Thread

Hi SlapShot, remember not only to convert the bars you are trading but all the bars that are relevant for the setup, e.g. the bars that make the BEOB AND the bars it encompasses. I made this mistake in the beginning. Hey Slider, I'm looking ...

james16 Chart Thread

Man, I just spilled some coffee over my notebook.

james16 Chart Thread

Mike, this is a piece of art. One day I'm going to print one of yours 3 x 4 meters and put it on my bedroom wall. LOL. I'll put this pair on my hot list. A PBT&CB 1.0421 would be nice.

james16 Chart Thread

Wow, great record, Chanya. That proves just how powerful this method is. But consider that you might be even better if you take supply (resistance) and demand (support) into account. You might have even fewer losses but most importantly you become ...

james16 Chart Thread