My name is Caleb S. and I have been a profitable trader for 8 months thanks to Jacko, the James16 group, Billy Ray Valentine, and Roland Campbell, all of whom I found here on ForexFactory. I owe much to this forum, as I have gone from being a losing trader to making over 40% on my account in the last 8 months with the mentoring of the professional traders I met here. It can be done and I have done it. I have decided to share some of the my charts in real time as the trades are happening in the market for your education and benefit.
Advice to new traders who want to make money:
-Avoid the indicators. They are a distraction and they WILL destroy you and your account as well as take way too much time to act upon.
-Trade the four hour chart as your base chart. That's what the money is looking at.
-Look for OBVIOUS setups. The more eyes that are on a level, the more likely it is to be reactive.
-Price action is king. Read the first 40 or so pages of the James16 thread and/or spend a couple months+ at his private forum.
-Know where the stops and limits are in the market you are trading. That is what moves price.
I will be posting my charts in real time, but I won't post my entries and exits here. Sorry, not everything is free in life. You will have to work at learning this stuff and I wouldn't be doing you a favor in the long run if I gave you everything. (Who is John Galt?) Plus, there are legal ramifications....
Ready? Let's learn to trade and make some money.
Advice to new traders who want to make money:
-Avoid the indicators. They are a distraction and they WILL destroy you and your account as well as take way too much time to act upon.
-Trade the four hour chart as your base chart. That's what the money is looking at.
-Look for OBVIOUS setups. The more eyes that are on a level, the more likely it is to be reactive.
-Price action is king. Read the first 40 or so pages of the James16 thread and/or spend a couple months+ at his private forum.
-Know where the stops and limits are in the market you are trading. That is what moves price.
I will be posting my charts in real time, but I won't post my entries and exits here. Sorry, not everything is free in life. You will have to work at learning this stuff and I wouldn't be doing you a favor in the long run if I gave you everything. (Who is John Galt?) Plus, there are legal ramifications....
Ready? Let's learn to trade and make some money.