a Hi Jim, could you elaborate a bit on how you managed this trade? My first question when I saw the chart was: What did Jim do when the 2nd bar after the PB came back on him and would have taken him out at BE? Did you give this one more room to ...

james16 Chart Thread

No thanks, I think that would be against the PF rules. I will look for it myself. Thank you anyway. EDIT: Found it on the general discussion thread.

james16 Chart Thread

I know how hard it is to be patient in the beginning. But you should really wait for bar confirmation. This could mean retrace PA at a lower timeframe or a break of the bar itself. Furthermore the close of a bar is very important (look at Jarroo's ...

james16 Chart Thread

Hi toronto, yes, it is a PB off the 1.5. But not the biggest compared to the latest down move. Plus it's trading right into some PPZ @ 1.51. Be careful. Did you enter it as a touch trade on the retrace?

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Hey kayhan, did you discuss it on this thread or in the PF? Would you mind posting a link to Mike's opinion? I thought about this one too but skipped it because I just did not know what to make out of it (besides from seeing this as a possible ...

james16 Chart Thread

That's a very good answer and it helps me a lot. So big moves do not necessarily mean big orders. It could also mean comparatively low liquidity and some matching orders at an extreme that are eager to be executed. Thanks a lot! Great post, Cyrus. ...

james16 Chart Thread

I've got a question that I hope is not too off topic for this thread. I just thought about the following quote: So what exactly is it that causes big, speedy moves and therefore nice PA on a liquid pair like the EURUSD? Is it just many equal amounts ...

james16 Chart Thread

This really flatters me, PB. Thanks for your kind words and for making this thread such a great learning experience. The lack of bar highs/lows on its way down gives me a whole new perspective on space. One can clearly see the difference ...

james16 Chart Thread

Do you mean what WIPG stands for? Where Is Price Going. Thanks for the great examples, Ghous.

james16 Chart Thread

Great, thank you, Ghous! I like the fact that it's off the 150(?)EMA, some serious flip zone and encompasses the preceding consolidation with a higher close. What probably subtracts momentum is the steep downmove and the fact that it did not or ...

james16 Chart Thread

You're right, PB. I just have a hard time deciding when to look for longer term traders and when to take profit earlier. Probably I'm not the only one facing that problem. I thought going thorugh a trade step by step with a pro might give some ...

james16 Chart Thread

I just thought about some kind of interrogation process that might let us participate in the deeper thinking process of advanced traders. Maybe something like WIPG but with more steps in between. Maybe one of the experienced traders, if willing to ...

james16 Chart Thread

It's great to see more advanced traders like you, Ghous, doing WIPG. This helps me a lot.

james16 Chart Thread

Nice one, Ghous. I agree with PB on the FTA which is also at the 1.55. Price will probably have some trouble there. But since I'm in a risky mood these days I would look for how price behaves and "hope" for move to my TP1 or TP2.

james16 Chart Thread

Hey PB, here's my take on this (made the chart before I saw your answer). Would definitely trade it. Like Ghous and Jarroo said: Great position at PPZ. 0.9000 would have probably been my TP area since price stalled there. Maybe I will I have some ...

james16 Chart Thread

Yes. I4+B simply means that it's an inside bar AND the smallest in a range of minimum 5 bars. It does not matter if the preceding bars are also IBs or not. Not sure if there is a name. I would simply call them "multiple IBs within a large bar", LOL. ...

james16 Chart Thread

Hey forex, I23B means it's the smallest bar of the last 23 bars plus being an inside bar. I'm not sure what you mean by "mother candle" but the bar making the IB an IB is the preceding one encompassing the I23B (1st bar in your blue box). Let me ...

james16 Chart Thread

Man, what a great post. Watching a chart and analyzing it like this is a great inspiration. Thank you, Mike. Hey PB, have you ever heard of Stuart McGill? A lot of people in the fitness and martial arts community rely on his advice. I also got rid ...

james16 Chart Thread

Hey Jarroo, thank you. I was a little bit disappointed yesterday that it did not work out like I expected (hard break). But it did what it was supposed to do. Next time I may trade a bar like this.

james16 Chart Thread

Wow, great. Thanks, domino. This will keep me busy for some time. I know what you mean, PB. I often thought about this. And I'm sure it's not necessary to know all the details. One reason I did not study musicology was my fear that I would ...

james16 Chart Thread