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  #69528  
Old Jul 23, 2010 1:49am
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Originally Posted by pipmyride View Post
That wasnt so hard
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  #69862  
Old Jul 27, 2010 4:28pm
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Default BE THE FIRST

It wont be up for long as i still have some work to do but come over right now and help me see if its working correctly.

http://www.james16group.us/Guests/guestchat.html
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  #69875  
Old Jul 27, 2010 6:54pm
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im going to give as many of you as i can mod status over the chat room. having as mant as possible will help ensure that a mod will likely always be in or near the room. it will take a while. im not even going to ask im just going to give them out. if i miss you and you want that status let me know.

jim

Quote:
Originally Posted by james16 View Post
It wont be up for long as i still have some work to do but come over right now and help me see if its working correctly.

http://www.james16group.us/Guests/guestchat.html
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  #69876  
Old Jul 27, 2010 6:55pm
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is there divergence? throw up an rsi and a macd.


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Originally Posted by six gun View Post
Anyone seen the FTSE100 and the S&P?

Pin time!
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  #70134  
Old Jul 29, 2010 1:45pm
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Default CHAT

Guest chatroom is now open for those of you that want to use it.

Not sure yet what type of schedule it will have at this point but i will leave it open the rest of the day.

http://www.james16group.us/Guests/guestchat.html
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  #70135  
Old Jul 29, 2010 1:46pm
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your getting mod status jarroo as will many others if they want it.

jim

Quote:
Originally Posted by jarroo View Post
I agree Dan. A lot Big Bullish Bars leading the way, many buyers. I don't think Price is done with the 1.3000 just yet. We shall see.

The I4B at the 1.3000 was awesome Dan.
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  #70149  
Old Jul 29, 2010 3:47pm
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Default test

test
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  #70155  
Old Jul 29, 2010 5:09pm
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And off to post 1 we go. Mike is right. RR is a bunch of BS. Dont let anyone tell you different.

Trying to play the RR game is just another account killer for new traders.

I CANT TELL YOU HOW MANY EMAILS I HAVE THAT GO LIKE THIS....

'Jim almost all my trades based on what ive learned from the group and thread make it to a profit point i expected but since its a poor R/R ratio i leave them on to reach a respectable R/R RATIO and end up losing. Ive always been taught that risk/reward ratios are critical."

WELL YOU WERE TAUGHT WRONG!!!!!

STOP IT!!!!!


Quote:
Originally Posted by mbqb11 View Post
R:R is all relative to the win rate and overall trader stats. I never pay attention to R:R.

Here is a post from the PF

Q: Risk:Reward, Don't we have to have at least 2 times our Reward?

[b]A: This is one of the biggest myths of trading. That is you always hear "Make sure you get 2r(that is 2 times) whatever your risk is. Or 4r or some random number. The short answer is this is NOT true. Do many traders do this? Yes they do and that is FINE, but it is not something you must do. One must know ALL the numbers to know the true story of...
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  #70163  
Old Jul 29, 2010 6:30pm
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You know i started to type something about 5 times and i deleted them all.. The only thing i want to say is i love you my brother.


You have taught me much.


Quote:
Originally Posted by ghous View Post
Just got to know, my very good friend from uni, his name was Owais Bin Laiq, was on that flight.
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  #70164  
Old Jul 29, 2010 6:35pm
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yes and totally different than what im talking about. your using it the way very very few do. your using it the smart way but you, unlike most, know where that "smart level" is.

jim

Quote:
Originally Posted by Dan Gilbert View Post
I can say that I use R/R in a way that prevents me from taking a bad trade.

If I see a trouble area 20 pips away from a 100 pip S/L, i will not take the trade, because it doesn't have enough room to begin with (at least not for my methodology)

I now use the R multiple to record all my trades, but that is essentially just a percentage amount because for me, 1R=1%

I do not ignore trouble areas in pursuit of a great R/R though, that is stupid.
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  #70167  
Old Jul 29, 2010 7:13pm
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i wasnt planning on it being an outback night but after reading this it might have to be.

nice job. the biggest obstacle now is keeping your brain from convincing you its any harder than what you have been doing.

like most you will probably have to learn that the hard way or you could take my word for it now that its not.

lol


Quote:
Originally Posted by slade1986 View Post
Ok, on June 8th I starting strictly trading james16 on a micro acct. I started with $252 and I am currently sitting @ $553.75. The recent discussion about R:R is something I have been debating since I started this process.

I've been taking daily & 4hr charts and setting my SL at the appropriate J16 level. I have been setting my full tp on most orders at the FTA. This gives me a pretty horrible R:R on most trades.

Guess what I've been trying to figure out is if I should just stick with my current method (If I can continue the outcome for a few...
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  #70168  
Old Jul 29, 2010 7:15pm
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Quote:
Originally Posted by mbqb11 View Post
So which is right? Answer?
FTA. LOLOLOLOL
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  #70176  
Old Jul 29, 2010 8:33pm
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yeah that old mike he is one sharp guy when it comes to chat rooms.



Quote:
Originally Posted by mbqb11 View Post
he had a lot of trouble figuring out the chat room.

I on the other hand did not
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  #70177  
Old Jul 29, 2010 8:35pm
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damn i love it when this happens.

very nice,

jim

Quote:
Originally Posted by edge540 View Post
I had to confirm what "slade1986" had to say,I took my 1st trade on May 25th and to date have completed 15 trades for an account growth of 12.46%.I've only traded daily and weekly charts and only pinbars and outside bars.I'm a member of the group and spend a couple of hours a day studying the material.THIS STUFF REALLY WORKS!
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  #70178  
Old Jul 29, 2010 8:37pm
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Default chat open tonight

chat room ios currently open and we are having fun.

http://www.james16group.us/Guests/guestchat.html
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