Quoting merlinDislikedjim, i really dig your "wait for price action to confirm" mantra. do you do any tape reading to help you with this?Ignored
Where can I learn more about Price Action like those in James16 charts? 9 replies
Quoting merlinDislikedjim, i really dig your "wait for price action to confirm" mantra. do you do any tape reading to help you with this?Ignored
Quoting merlinDislikedjim, i really dig your "wait for price action to confirm" mantra. do you do any tape reading to help you with this?Ignored
Quoting james16Dislikednow youve done it. i had always purposly stayed away from tape reading. now i am wondering if it might be another fine tuning tool. no turning back now, within a week i will know.Ignored
Quoting merlinDislikedive never done it either. ive only read about it in Remenicences of Stock Operator i only thought of it because i kept thinking about your "wait for price action to confirm" theme, and i thought to myself that tape reading would probably be a good way to help with that.
anyway, you make this stuff so clear that even an obtuse technician such as myself can learn a thing or twoIgnored
Quoting james16Disliked3 gaps this week on the mini dow. all three worked like a charm. you can find it on cbot.com under education. its worth taking a look at. when the course is ready and merlin has me set up we are going to trade everything under the sun. forex, commodities, mini dow, currency futures, bonds. you name it. were gonna position trade, swing trade and day trade. its not hard to get set up to do this. our objective will not be to go 15 wins and 10 losses for a month. our goal will be to trade ultra smart and shoot for 80 to 90 percent win ratio. it can be done and its much more fun that way and it builds confidence.Ignored
Quoting Kosta BerjDislikedJim,
Very close to a DBHLC showing on the last two periods of the daily SP500 chart. Possibly indicative of a short term pull-back.
Just how close do Highs need be to each other for this index in your experience?
Cheers.
The trend is your friend till the bend in the end.Ignored
Quoting LadybirdDislikedJames,
Your work is an inspiration to newbies like myself - so far all I have done is lose a pile of money and spend hundreds on books, courses etc which only teach the very basics.
I am so interested if you are going to do some training DVD's - I just wish it could be NOW - sorry I just can't contain my excitement that you are considering doing this.
As an aside would you recommend taking the Todd Mitchell course aswell? - I take it this is the one re S&P Index?
Regards
Julie (aka Ladybird)Ignored
Quoting TrinityDislikedJames,
1) Am I right in assuming that a "Pin Bar", mentioned a while back, is a bar with a close at the high?
BTW, I like your idea of videos or DVD's for the course with ebook or manual, and a set course price.
I am puzzled over:
2) Chart in post 193: is the "daily pivot" the blue line just above your lowest explanation?
3) Chart in post 190: is the "blue line" daily pivot between your explanation and the top Fib confluence? Not easy to see, for me.
4) What is the PPO indicator at the bottom now, with MACD settings?Ignored