pin bars indicated strength opposite to wear the "nose" is. So in this case it is indicating a bullish sentiment. The pinbar itself is in some consolidation making the signal less strong/clear in my view. Best of luck Mike

james16 Chart Thread

the internet as stated is such a phenomenal tool. I wonder what some of the older guys/gals around here think if only they had access back in the day (maybe it is a good thing, perhaps not). James16 used to have to graph his charts by hand(as I am ...

Forum a substitute for a mentor?

Hey Matt welcome to the J16 club Yep you have correctly identified the DBHLC formation and this could be the clue out of this current consolidation on the gbp/jpy Best Mike

james16 Chart Thread

I don't mind the debate and appreciate the response ST/bwr. What it comes down to is trading ones beliefs in the market. In the end if we are making money then that is what counts Take care guys/gals Mike

Much of What You Know About 4X is Wrong!

ok you both got me, big money never pushes price to where stops(which are orders) are. There is no benefit for them. Sorry for the confusion. Wonder what I have been exploiting then

Much of What You Know About 4X is Wrong!

Every time someone disagrees with you, you immediately discount their view point. Or have some way to put them down(see obiwan). As for me wanting to explain something to you at this point just isn't on my list of things to do. If you care to learn ...

Much of What You Know About 4X is Wrong!

that is just it, i don't need to prove you wrong, your own ego prevents you from ever learning anything new so it doesn't matter.. You speak about all this knowledge you have about how the markets work yet you lack basic understanding of what is ...

Much of What You Know About 4X is Wrong!

use a jpg, bmp only show up as attachments

Much of What You Know About 4X is Wrong!

:

james16 Chart Thread

I was too busy on the phone with china officials

james16 Chart Thread

02:32 EUR/USD: Trades To Fresh All-Time High As USD Broadly Weakens Sydney, November 07: The market has successfully knocked out a option barrier at 1.4600 and stops have been triggered up to 1.4665. Traders say that comments from a Chinese official ...

james16 Chart Thread

combining two bars that would make a pinbar. So you take the open from the first bar and the close of the second bar. Here is a chart with 2 examples Remember price is price, our charts are just a viewing glass into what that price is doing Also a ...

james16 Chart Thread

That is same great results keep it up! Congrats on having a new baby girl on the way

james16 Chart Thread

B/C some people use this information to make profits? Well that would be my fixation I guess.

Much of What You Know About 4X is Wrong!

I could have missed a post here But this is so far from the case. The big players know where the stops are gathered. The only stop hunting brokers do are those random spikes that show up on only their feed.

Much of What You Know About 4X is Wrong!

I got 8 indicators lining up for the long, just added another 10 PS this is a joke for those that are wondering(nothing else to do at this time of night) : OK OK i won't derail this amazing thread anymore

james16 Chart Thread

LOL MY RSI SAYS IT IS OVERSOLD SO I BOUGHT 30 standards

james16 Chart Thread

This is the problem with fighting the trend. You have to have big balls to keep on holding(or at least strong convictions). This isn't to say counter trend trading isn't worthwhile or possible. It is just more difficult and thus I stay away from it ...

james16 Chart Thread

another good trade plan. That is the important thing to have a plan and stick to it. I will be looking to take shorts. Either on a move lower, OR I would like to see a retrace back to 1.1620 area and see if that can hold. Either way those are the ...

james16 Chart Thread

actually I find your observation quite accurate. This IB showed up here for a reason. Indecision.

james16 Chart Thread