Thanks mike! just trying to figure out the dynamics btween the buyers/sellers Say we have a strong downtrend and a DBHLC forms on a 50% fib retracement. Other indications suggest the downtrend is likely to continue. If the second bar high is 1/3 of ...

james16 Chart Thread

PA — Hi, Is there anything about why the PA set ups work or what is physically happening? Eg what is the physical significance of a DBLHC. Why is it important that the low of the two bars are at the same level? If the second bar is lower than ...

james16 Chart Thread

ok. thanks for the reply!

james16 Chart Thread

eurjpy — Hi, Second demo trade. EUR/JPY daily. Had a DBHLC on Thursday. The low of second bar was 125.80 and the close was 126.26. I placed a sell order at 125.65 which was below what I thought was a PPZ on the 4hr. About 9 hours later I had ...

james16 Chart Thread

eu/jpy — hi placed my first demo order on friday on the eur/jpy. Put a buy stop at 125.81. Just woke up and there is a gap? How does it work. Why isnt the open as same as the close? (Typical Newbie Question) Moved my SL to 127

james16 Chart Thread

thts what im hoping for. look for support around 125.4 then will go long.

james16 Chart Thread

eur/jpy — the eur/jpy looking good now? waiting to see where this bar closes? dont know how relevant it is (i shouldnt even be looking at this TF) , but on the 4hr looks like a probable dblhc? still looking for my first demo trade...... ...

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you long or waiting for signal?

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nice!

james16 Chart Thread

whats happening on the aud/usd?

james16 Chart Thread

ok thanks. If it doesnt make 125 would you be looking to go short all the way to 122.2 ish or even 121.5

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Is this a pullback to the breakout of the double top on the daily?

james16 Chart Thread

daily eur/jpy pb — Think i may have found my first demo trade. Daily pb forming on the daily eur/jpy? Looks like at fib ret confluence. slight resistance around 1.25. Buy stop just above there? The weekly could give 2 bar matching high trend ...

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Im confused! Is this about the same setup..? Below is from from Aug31 2005 and Jims reply... Then on Sep 16 2005 we have Jims reply... The advice is contradicted? The first poster had no graph, the second had this

james16 Chart Thread

Thanks Mike! Answered it for me.

james16 Chart Thread

Dont we need to wait for the third bar (eye) to close? New also so I might be way off but are these reasons for not being a good trade even if a pb: 1) Strong downtrend since Nov 2) No fib retracement from a high 3) 'Traffic' to the left 4) minor ...

james16 Chart Thread

DBLHC or ML? — Hi In the chart below Jim has circled a DBLHC in what looks like a downtrend from beginning of April? Could it also be taken as a 4 bar matching low? Or if we were live at the close of the first bar of the DBLHC , could we take ...

james16 Chart Thread

Hi — Does the flap of a butterfly wing on one side of the world cause a hurricane on the other? Hi, Is it ok to post newbie questions about this thread or is that done somewhere else now? New to trading (5 weeks) and feel sooo lucky I found ...

james16 Chart Thread

thanks! I started looking into trading about 5 weeks ago. Didnt know where to start. Luckily found J16 thread and then Jacko thread and now loving it. I just wanted to get some idea of whts possible with a basic, patient and disciplined strategy ...

250 pips per month-realistic?

very nice!

A "hardcore" mathematics question