DislikedNice one, Mike. A quick question, do you wait for price to break the low of BEUB before you enter, or do you directly trade at the open of the next bar? Thanks.
MairzaIgnored
It was a few pips below the low
Best
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedNice one, Mike. A quick question, do you wait for price to break the low of BEUB before you enter, or do you directly trade at the open of the next bar? Thanks.
MairzaIgnored
DislikedGiving Rac your money would have been a much wiser decision... You cannot trade off recommendations, without knowing what you are doingIgnored
DislikedI know this is off topic, but does anyone have a way to contact Jarroo. It has been very long and this is not like him. Maybe someone has a personal email he has not answered PMs on here or the PF and I am worried at this pointIgnored
DislikedI know this is off topic, but does anyone have a way to contact Jarroo. It has been very long and this is not like him. Maybe someone has a personal email he has not answered PMs on here or the PF and I am worried at this pointIgnored
DislikedEyeing up the Eur/GBP again. Its bouncing off that trendline again with a nice BEOB.Ignored
DislikedHey Nicky, I was looking at this same setup. It's the only one I find interesting on the dailies.
Here's my take on it...
Pros:
Off .9000 round number
Price has failed to get past .9025 for the past few days
Off a down trend line
Reverse divergence
Cons:
Not at a swing high
Traffic to the left
Questionable down trend line
I'd rate this setup a B- in my book, but it could test the .8830 PPZ for the 4th time (11/16, 12/17, 12/31, ?? ).
Just my thoughts... Good luck if you decide to take it.
-- DannyIgnored
DislikedHey Nicky, I was looking at this same setup. It's the only one I find interesting on the dailies.
Here's my take on it...
Pros:
Off .9000 round number
Price has failed to get past .9025 for the past few days
Off a down trend line
Reverse divergence
Cons:
Not at a swing high
Traffic to the left
Questionable down trend line
I'd rate this setup a B- in my book, but it could test the .8830 PPZ for the 4th time (11/16, 12/17, 12/31, ?? ).
Just my thoughts... Good luck if you decide to take it.
-- DannyIgnored
DislikedInteresting PPZ area on Gold...goes further back if you look at the 4H...plus has hidden divergence...not price action though but potentially a pure PPZ tradeIgnored
Dislikedxxxxxxxxxxxxx = On Fundamentals
or
xxxxxxxxxxxxx = On Charts
thanks.Ignored
DislikedMany economists/analysts are saying that Euro will get battered (to the point of near-destruction). Well, when the last US election campaigns were just underway, many "gurus" bet their balls Clinton would win. Did anyone bothered to dig up those predictions after Obama became the president, and make those experts blush? I don't think so.
Could any of the experts really predict the fall of Lehman Brothers (well, apart from the people who orchestrated it... )? I don't think so...
Not to say that the source Rac was referring to is wrong...Ignored
QuoteDislikedI reported to you that a massive flight to quality took place the past few months.
Not to gold, which is the joke of the decade. But to the U.S. dollar. To U.S.
government debt.
QuoteDislikedThe past few weeks, that flight to quality picked up even more steam. Investors and
central banks bought so many U.S. government securities -– so many 3-month and 6-
month T-bills -- the yield went negative.
QuoteDislikedRecent U.S. Treasury auctions have been four times oversubscribed. That means demand
for T-bills was four times greater than supply. A new record high. And that was
despite huge record breaking offerings from the U.S. government. i.e. supply was
huge, but was still swamped by demand.
QuoteDislikedNow you see why. The smart money knew Dubai was coming unglued. They knew Dubai's
wipeout pushes the rest of the world financial system off the edge of a cliff. So
they got their own money into the world's one and only safe haven. The place I've
begged you to put your own money. U.S. dollars and U.S. government securities.
QuoteDislikedThe Wall Street experts keep telling us the U.S. government is monetizing debt.
Supposedly it will have to print money to cover these massive losses.
QuoteDislikedTotal bull. The U.S. government is successfully selling the most debt in world
history. At the lowest interest rates ever. These rates keep dropping lower and
lower. Still demand for the T-bills, T-notes and T-bonds grows and grows.
QuoteDislikedWall Street tells us the dollar is crashing. More bull. The dollar is merely settling
down from the flight to quality that took place a year ago, when the banking crisis
hit...
DislikedI know this is off topic, but does anyone have a way to contact Jarroo. It has been very long and this is not like him. Maybe someone has a personal email he has not answered PMs on here or the PF and I am worried at this pointIgnored
DislikedHi everyone! My first trade using the J16 method was a success!
I posted my trade earlier and KISS's comment got me a bit scared on the trade, but its a demo, and I'm going to make sure to be more observant next time.
Attachment
I'm So far up a 100~ pips and moved my stop to my first TP zone
Sorry if I sound too much like a kid, I'm just so happy atm.
One big thing I learned is that without a personal confidence thats backed up with hardcore personal evidence that your system works, its impossible to trade successfully....Ignored