Bundy's status today: "Waiting..." ![](https://resources.faireconomy.media/images/emojis/64/1f60a.png?v=15.1)
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Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI rambled some junk about this a few weeks ago, i think.
Damn you, FF. Always cutting off my quotesIgnored
DislikedHi Scott, I hope I can give some advice to you, that will save you a lot of time and frustration.
If you don't personally think a bar is A++ (or whatever your best rating is), don't take it. Period. Ever. It doesn't matter if someone else on the forum says "Oh check this sweet pinbar out!" It shouldn't matter, because you are in control of your own money, not someone else. So if you knew this wasn't an A++ setup, (EVEN ON DEMO) don't take it. If you can teach yourself to be ultra patient, and wait for only setups you deem to be A++, you can...Ignored
DislikedMan- Short is the word. I will never touch this pair again or the eur/cad which I thought I would get the double whammy on. Gread or double stupidity. But yet a great pin at the lowest swing low since Gorden Brown was tickeling Blairs %*&*& . I am not in ANY trade for a bit until I can replenish the massive losses I have taken today. I am now on my third large 'hard liquer; (third small vodka as we say in England) and will respond in the mornig when I am capable of repsonding hdsfhvsdhvcjdbvdb cxzncbjscfdsuhf
xxxxxIgnored
DislikedHi Scott, I hope I can give some advice to you, that will save you a lot of time and frustration....Ignored
DislikedVery nice post Cory.
I didn't find it condescending at all. I found it to be great.Ignored
DislikedYEP YEP!
And to add to this this bar NEVER broke thus the pinbar is NOT valid. I think that all those new to this material should be waiting for breaks. OF course others might disagree with me, but I think learning to play the retracement or other ways should come after the basics. Again just my view on that aspect. But none the less, this bar was never validated(even though IMO I told many that these aren't worth a second look in my book).
It takes time and experience and just keep pushing through your losses and learn from them
MikeIgnored
Quoting mbqb11DislikedHey Sim
Please do re-read James16 first post about the J16 minimum requirements of course and money mgmt.
If you have questions regarding either please let me know
Best
MikeIgnored
DislikedMan- Short is the word. I will never touch this pair again or the eur/cad which I thought I would get the double whammy on. Gread or double stupidity. But yet a great pin at the lowest swing low since Gorden Brown was tickeling Blairs %*&*& . I am not in ANY trade for a bit until I can replenish the massive losses I have taken today. I am now on my third large 'hard liquer; (third small vodka as we say in England) and will respond in the mornig when I am capable of repsonding hdsfhvsdhvcjdbvdb cxzncbjscfdsuhf
xxxxxIgnored
DislikedI think you might have this a bit twisted
Falling equity markets decrease risk appetite, and so people close carry positions (ie, short yen/francs and long aussie/nzd...sometimes cad or zar, but thats a bit different), which involves buying yen.
Conversely, rising equity markets indicate underlying economic strength and stability (ie, decreasing volatility), which increases risk appetite, which leads to carry positions for the interest rate differential.
[size=1](its actually a fair bit more complex than this, once you start...Ignored
DislikedToo bloody right. LOL
For christs sake, A++ is just a way of saying ....A REALLLLY REALLLY GOOD SET UP IN A REALLY REALLY AWESOME LOCATION. That's where this all started.
Classing trades down to B- verses C+ etc is just ridiculous.
No one's ever going to see the same grading. ...Ignored
DislikedThese are A+ comments...
I prefer a more black and white approach. It is either a bar I want, or not.....Ignored
DislikedWhy would you....SCPB is like being "almost pregnant" - you are either pregnant.. or you are not.Ignored
DislikedThe importance of mentorship and why we are grateful to Jim, Mike & the other seniors here arn't we Dan? =)Ignored
DislikedEnjoyed reading those summaries![]()
Hey Rac-attack, are you there??
I never knew you are into gliding - Every been to the Flamborough gliding club on HWY 8??Ignored
DislikedMan- Short is the word. I will never touch this pair again or the eur/cad which I thought I would get the double whammy on. Gread or double stupidity. But yet a great pin at the lowest swing low since Gorden Brown was tickeling Blairs %*&*& . I am not in ANY trade for a bit until I can replenish the massive losses I have taken today. I am now on my third large 'hard liquer; (third small vodka as we say in England) and will respond in the mornig when I am capable of repsonding hdsfhvsdhvcjdbvdb cxzncbjscfdsuhf
xxxxxIgnored
DislikedLooks like a bunch of people got stung on the franc crosses. I have like a dozen charts from when I started on Jim's material that tell the exact same story. I'd be so excited at finally finding a pin bar that I couldnt hit the 'submit order' button fast enough!
Unfortunately, little things like location, confluence, trouble areas, momentum and so on.. well, who cares about that crap, THERE IS A PINBAR ON MY CHART!#$%^
These f#%^ckers got me a bunch of times before I figured it out.
I'd be willing to bet that most of the other...Ignored
DislikedCan you post a picture of the chart. On my GU daily I see no pin bar but maybe our timezones or timeframes are different?Ignored
DislikedI think USD has been the key carry currency lately. We have been seeing shifts to JPY as US economic data improves. Amongsts G3, they're the strongest... however, I have this feeling that alot of big boys (read: funds) are still using USD as carry despite the massive uptrend that it's been in.
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I actually think this is Emerging Market - US carry unwind... why they hell they're long when USD is trending up? IMO, the same reason so many busted out during 2007 - 2008. Not changing with the market.Ignored
DislikedBut you know what! Whatever all these theories/news/info is, at the end of the day, WE MAKE MONEY ON PRICE ACTION. Everything people do, ultimately has to find it's expression in PRICE ACTION!Ignored
DislikedMan- Short is the word. I will never touch this pair again or the eur/cad which I thought I would get the double whammy on. Gread or double stupidity.Ignored