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- ITradeDaily replied Sep 28, 2011
I just read this whole thread - why, I'm not really sure One of the items being overlooked here is that the point is not just to be a quant, the point is to be a good quant. I think that when you look at it from tat perspective, its an even ...
- ITradeDaily replied Jul 26, 2011
NZD/USD continues to do well for me. This thing is headed to the moon and I maintain my position. CHF/JPY is VERY interesting right now. There has been strong resistance at the 97.70 level and today is the third touch at that level and its forming a ...
- ITradeDaily replied Jul 25, 2011
Thank you! Its not the same one I remember, but this one is even better!
- ITradeDaily replied Jul 19, 2011
Life got in the way of trading last time but I'm back at it again. I'm no longer a member of J16 but that is strictly based on my own time commitments and nothing else; I quite enjoyed the material on the member site. I've been demoing my trades ...
- ITradeDaily replied Jul 19, 2011
Good post, I've been thinking about this too. With low spreads and a solid platform, you would be crazy to not consider Tradestation. I love MT4 and its been my platform for 2 years but I'm giving serious thought to switching over.
- ITradeDaily replied Jun 30, 2010
Just a quick update here: I have now finished my first month of demo as a member of James16 and I am happy to say that I posted a profit. For the month, I posted a gain of 3.596% . . . . which doesn't sound like much but when you annualize it out . ...
- ITradeDaily replied Jun 17, 2010
The stop orders entries would be based on the previous bar vis-a-vis the breakout you're trying to capitalize on. What Trad3r is really describing is basically trading in "traffic" when the market is moving sideways. During those times, you can gain ...
- ITradeDaily replied Jun 17, 2010
That is complete madness. It IS a variable in sizing because you can't ignore variance. Read up on "gambler's ruin" and the Kelly Criterion. The variance in the faster timeframes will be insanely high while the slower timeframes it will be much more ...
- ITradeDaily replied Jun 17, 2010
I'm sure this guy is completely burned out by now. Its obvious that his lot sizes were WAY too large for his account.
- ITradeDaily replied Jun 17, 2010
Timeframe. M5 is gambling. Someone starts pitching a M5 system and I stop listening. D1 & W1 is a lot more reliable and less stress. I can't believe that some people feel that a daily chart is too slow
- ITradeDaily replied Jun 17, 2010
I haven't had the time to even visit FF much less make a post here. I have been focusing almost exclusively on the James16 material and the private forum there. There is a wealth of knowledge that I'm sifting through and I'm enjoying the seminars. ...
- ITradeDaily replied Jun 9, 2010
Actually, the pin you see is today's bar, I entered the trade yesterday. You're correct in the answer that it should have been an engulfing bar. I had the "double bottom" part of it right, but I didn't have a higher close and that was my mistake.
- ITradeDaily replied Jun 9, 2010
Closed out my first two trades for a loss. I entered these positions last night and I made a mistake on reading the chart. Can you spot the mistake?
- ITradeDaily replied Jun 9, 2010
It's silly to think about holding physical gold. If you really want to profit from gold, you should use a gold index ETF. Most track gold quite well and it's highly liquid. In the future, all money will be electronic - besides, you think you're not ...
- ITradeDaily replied Jun 9, 2010
Which broker are you using to trade Gold with MT? I didn't know that was possible
- ITradeDaily replied Jun 9, 2010
Understood. Thank you.
- ITradeDaily replied Jun 9, 2010
OK, I can see that. So, just to be clear, you would have entered at the open of the bar *after* the confirmation, right?
- ITradeDaily replied Jun 9, 2010
Yes, that is helpful, thanks. So help me understand the better entry point - would it have been better to wait to get beyond the low of that pinnish looking bar? Or what would have been the better strategy here? Finally, I know you like to look for ...
- ITradeDaily replied Jun 9, 2010
I've attached it here. Basically, I saw it as a double bottom counter-trend and I took the trade. The chart will also show my TP and SL.
- ITradeDaily replied Jun 9, 2010
I'd love to get one of the more advanced practitioners of James16 to answer this question on trade management. This is a situation that I'm current in now: A nice double-bottom occurred last night. I entered the trade and let it sit overnight (of ...