I discussed this issue with Mike at the PF. He said something that really hit me like a ton of bricks (in a good sense). Hope it's ok that I post it here, Mike:"Eventually most things you will see and go, NAH...and a few hmmm, and then some OH YEAH. ...

james16 Chart Thread

About my recent confusion and trading paralysis? LOL. Seriously, I like the idea. As soon as I got some time I will get into it.

james16 Chart Thread

Great video, PB. It clearly shows the thinking process behind your charts. Looking forward to more of it.

james16 Chart Thread

Here's another question I have: Why do prices retrace? Of course there is lots of profit taking going on in the market. But what, among this, are the other reasons that price always retraces. What is the trader's behavior behind this pattern?

Why Is Price Doing What It's Doing?

Hey PB, yes I know. I find closes are harder to spot on bar charts, especially when zooming out (probably comes with practice) while candlestick charts look a bit more unclear to me at the first sight. Thanks for the weekly-to-4h-advice. I will give ...

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I think it had something to do with me switching from candlestick to bar charts lately. On bar charts I often don't really know if lows/highs or closes are the way to go. Switched to candlesticks again yesterday and found it much easier. I will ...

james16 Chart Thread

LOL, had the exact same thought yesterday while looking at Jim's trade. I'm lately having problems with PPZs. I see them everywhere. Think I have to get back to some basic PPZ drawing...

james16 Chart Thread

Jim, Mike, Jarroo, Pinbar, Ghous, joelcf, SeekingLight, SupremeChaos, nasir.khan, and all you other great fellow traders in this thread: This has been a great year for me. Apart from my family and friends this thread and the PF have probably become ...

james16 Chart Thread

Hi tboy, no there is no such thing like an explicit course. But you get lots of bang for your bucks: Endless amounts of archived texts and videos on trading, money mgmt and psychology from very experienced traders, ongoing weekly webinars and ...

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Yay, great trade, PB!

james16 Chart Thread

Am just about to watch the video. What he says makes sense and it clears up my 2nd question: Let's take a triangle scenario with a bullish breakout... There may be more buyers than sellers from the very beginning of the range/triangle forming. But ...

Why Is Price Doing What It's Doing?

Hey tunera, great image, thanks. So out of your perspective it's not so much of the rubber band that's getting stretched by orders piling up on both sides until it finally snaps apart - it's more like traders cancelling each others out, boring ...

Why Is Price Doing What It's Doing?

Thank you guys. This helps me a lot. It brings me to my next question: What exactly happens - in terms of trader's behavior - when price isn't nearly moving at all? I know on some more exotic stocks/pairs/whatever this happens because there are only ...

Why Is Price Doing What It's Doing?

@esuffw: I think I have to reflect a bit on what you wrote. But so far it sounds reasonable. Thank you. @Dhb: Thanks for the link. I will have look into it.

Why Is Price Doing What It's Doing?

Hi essufw, first of all hanks for your help. I so far understand the concept of lots of buy orders = price goes up, lots of sell orders = price goes down. But I do not really understand WHY this happens and how big moves can happen in a very liquid ...

Why Is Price Doing What It's Doing?

One word after watching the video: BRILLIANT! Big time! Still can't believe that I would one day look at a chart like this.

james16 Chart Thread

A monthly BEOB showing a weekly BEOB at retrace level showing a daily BEOB at retrace level showing a 8h BEOB at retrace level. Self-similarity at its best!

james16 Chart Thread

Thank you very much, Jim and PB. Jim, is your BE the point where you entered (BE in terms of pips) or where this becomes a free trade for you (BE in terms of money = with a SL above your entry but still no monetary loss since you took partial profit ...

james16 Chart Thread

Hey geomink, look to the left on your chart: There's some (though minor) PPZ you're trading into. It's logical that the bar stalled here and is ready for a retrace of the BEOB. Like Jarroo and Jim discussed 1.32 could now act as a resistance. ...

james16 Chart Thread