WTF?! Why didn't this happen AFTER midnight/my trade would have been activated? It would have reached my TP in a minute. LOL. Is this an error on my feed or why are the wicks of this candlestick red and the body blue?

james16 Chart Thread

I guess that's what advanced traders like Mike and Jarroo mean when they advise us to trade not just the bars but rather the whole story.

james16 Chart Thread

Ladies and gentlemen, screen time and dedication pay out once again: PB and ATC are right. This pinocchio bar is lying big time. As PB noticed it did not close above the PPZ and under the BRN. A very bad sign despite this great bar. I think I will ...

james16 Chart Thread

I draw them with Photoshop.

james16 Chart Thread

WIPG? — Here is one for you...

james16 Chart Thread

Great one. This reminds me of the Jesse Livermore quote: "We get paid to wait." It did not close below the former high. So according to Jarroo we would ask: Will it act as support? It's very likely I think. I've marked three TAs, right in order of ...

james16 Chart Thread

Great chart. This helps to put a lot of my trades into perspective and shows that pitbull bars are not so uncommon.

james16 Chart Thread

PB, what was your thought process on this one? Was it the high taking out the former highs that made you think it would go up?

james16 Chart Thread

I ignored the VBRN. Price did not close well below it. I hope this won't happen to me on a real account.

james16 Chart Thread

Not what I expected either. Great job, PB!

james16 Chart Thread

Here's my take. I think my FTA should be no problem for the price. It took out all three preceding highs on the chart and yet close below. 1st TP could make price stall for some time. 2nd TP would be my target.

james16 Chart Thread

Jarroo, you probably don't know or intended it, but this post really makes a difference to me. Just the right words at the right time. Thank you. I wish you all a great thanksgiving and look forward to see you tomorrow Hans

james16 Chart Thread

Hehehe, I remember this. Stopped backtesting whenever a bar failed, thinking it had something to do with the system. I guess I really needed those desperate times to come to my senses. Very nice trade, xmzhang!

james16 Chart Thread

That's why I use a slightly grey background. In design school I was taught that it is the best background setting for clear foreground contrast (less irradiation than white) and it is far more eye-friendly.

james16 Chart Thread

Interesting formation on GJ daily: 3 matching lows, 3 matching highs. A break above would also mean a break through the weekly TL. Yet we've got a very well respected 135.00 above. This rises my optimism, Mike. I still bang my head against the wall ...

james16 Chart Thread

I guess that's something you have to find out for yourself. Location looks good but consider that it runs into some trouble in case it breaks to the upside (I think Mike has mentioned it before). Furthermore the PB is small compared to the preceding ...

james16 Chart Thread

Hey joelcf, I totally forgot to ask you what your opinion on PB's question is? Do you think my overall outlook is right that PPZ appear/disappear, diminish/get more pronounced over time as traders forget or re-evaluate them and as some major market ...

james16 Chart Thread

Great post, Joel. Thanks for clearing that up. It's a very interesting topic. Are there any sources you would recommend to dig deeper into this? BTW, like Jarroo proposed you should really think about running the FED. Giving brilliant analysis in ...

james16 Chart Thread

A very good question. I thought about this, too. The higher TFs like the monthly will always be the one with the fewest TLs and PPZ. Less traders here, moving more money and making longer term decisions. But as you step through the lower TFs more ...

james16 Chart Thread

This one will have more trouble, I think. Strong upmove, a PB with its low @ previous bar's high, closed right on the EMA.

james16 Chart Thread