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
DislikedAnytime bundy. Glad I could help.
Let me know if my . . umm . . achives can help.Ignored
Dislikedi assume you mean the bar at the top as shown below. Then yes. Not the longest nose but great location.
Enjoy the weekend
MikeIgnored
Disliked
Sheesh, i thought you were talking about me here.... the description was accurate. PA has changed the way i look at charts however i am still looking for a "system" that suits me. I was in the PF and i came out of it still looking for a "system".
On my PA trades i struggled with the lack of structure. Which pairs do i trade, which TF, what determines confluence, what about when i have conflicting confluence... what takes precedence? Is a trendline more powerfull than a 50 fib? How many trades can i have open at a time or should i be concerned about correlations? (not a mm question). What about news and fundamentals, as a technical analyzer should i try to learn more? Should i take PA against the trend or only with the trend? Which trend? Should i always risk 1% of my account on all open trades or should i develop expectations on which trade is a higher probability and commit more? This and so many other questions....
I respect Jim and all the contributors of this thread. I have alot of respect of you as well as you seem to be the package deal, able to pull everything together and make it look easy. Thank you for posting here even though you don't have to and could just stay in the PF. I as well as other people appreciate your work.
For me Jacko's system is attractive because it offers simplicity. One pair, one direction (only buys) one TF (or atleast nothing low) buy on dips and trail your stop. Can't get any easier. For me with only one pair to trade and only one direction i don't get enough action... (there are weeks between trades, maybe to simple?) so on to the the quest of system jumping... find something that i can trade on a day chart or higher that allows me to be somewhat agressive but not stupid. I don't want no holy grail, just something that is more than 50% accurate and gives me at least a couple of trades a week on average.
Yes i did see your recent post on trading the GBP/USD daily pins and i once again am demoing this. My experience with pins has not been that positive but i am still trying.Ignored
DislikedOn page 8, Post 111; Jim shows a chart of DBLHC on the Daily Eur/Jpy which doesn't prove successful (let's just say it was delay a few days)
On this chart he refers back to the chart on Post 58, page 4. The actual chart is on Post 59. Trust me on that,
I . . umm . . archived that chart and noted the page and post number. (archived is such a better word then copied.)
Anyway, Jim made an error on referring "everyone go back and look at post 58", he meant to say post "68", which is now post 69. It was post 68 back then, again confirming from my archives.
Post 69 shows a failed DBHLC on the 15 min and he explained ways to check higher time frames and so on.
http://www.forexfactory.com/showpost...&postcount=111
http://www.forexfactory.com/showpost...5&postcount=69
Yes, you can say I read the thread a few times.
JimIgnored
Disliked...Is it time to go short soon in USD/JPY? I just saw this formation and I think it's a DBHLC? They have a difference of one pip at my chart. Would someone play it from here or wait for some more pa signals that price is going down? Because the last months price has been going up?
Thanks in advance,
DianeIgnored