Hey Adhavan I assume you are speaking about the wedge you have drawn on your chart. If you look price just gapped out of that wedge and shot straight down to the massive support area around 8650. So really you don't want to sell into that area and ...

james16 Chart Thread

nice job brotha, i'd love a glass with ya

james16 Chart Thread

Hey MM yes you could short there but again I would want more infromation to support just outright shorting. You would be shorting back into the much strong PPZ and BOX low. Of course some that is enough for a quick trade. Because we have sustained ...

james16 Chart Thread

Hey Oradba For it to be a DBHLC the highs must be matching, so you should take the tails into account. You want two matching highs with a close lower than the previous bars LOW Best Mike

james16 Chart Thread

Hey Phil I use a program called snag it to draw on my charts. It's a life saver Best Mike

james16 Chart Thread

we can see price closing now as a buob over the major PPZ and box area now

james16 Chart Thread

Hey P Here are some notes I sent to the group last night. Some of the info on the charts is in regards to some other things I was speaking about image image

james16 Chart Thread

Hey MM Careful here Remember we want to look for pinbars at nice swing points. Notice your bar is not at a swing point but right in a sideways market. This gives it no space to move(see my video on space vs traffic). We could be selling right into ...

james16 Chart Thread

very nice D i missed your post We can see price is in a channel easier on weekly, and we are at the bottom of the previous consolidation from the last drop off. We got a ways to go for the daily close but it would be prime l

james16 Chart Thread

yeah most of those are crap. They've been around forever and was the old school way people use to try to rip money from peoples hands. They also often charge a HUGE sum for a short period of time in which NO one could learn to trade You are better ...

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i got stopped out for breakeven P the markets REALLY flipped yesterday Aud/cad never got going either so I cut out under the zone that must hold. Small loss on that one too and that's why entering on a retrace is so important here as I was speaking ...

james16 Chart Thread

my gbp/aud is now at breakeven

james16 Chart Thread

great job Jr, and great job making adjustments already I like your aud/cad too, i like it on a retrace to the previous bar highs and swing low point. We have the parity level which is important and a good first target, breakeven point etc. risk ...

james16 Chart Thread

nice P I like it Similar to my trade on gbp/aud i'm in. I took a short initially yesterday and got stopped out for a tiny .125 loss(can see on chart). I'm back in at basically the same point and it's cruising lower Lot of good looking stuff out ...

james16 Chart Thread

Hey JR The key is to be careful with these continuation bars(it's why we always tell people to learn beobs at swing highs, buob at swing lows). You had it nailed though and really if you don't want to take profit at that FTA make sure to get to b/e. ...

james16 Chart Thread

some updates price gapped up on the open which is perfect. Right into the PPZ making the entry simple. Here is my morning chart to the PF where i entered image and current chart image again just using PA, location, simple S/R. It doesn't have to ...

james16 Chart Thread

i know last week was an absolute blow out for most markets. I'm liking this as a time to sell. Reason isn't so much that I don't think we can go higher, i just think the upside if we retrace is much more volatile at this point Still we must play our ...

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couldn't be happier for you Xam Keep it up bud

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it's the game changer

james16 Chart Thread

Your chart is great Michal and that FTA is crucial with a bar like this So my point was basically to this member that if you are going to trade say a small bar against a bigger trend you MUST put a HUGE amount of weight in that FTA> A lot of bars ...

james16 Chart Thread