I wasn't very clear with my question. subscribe to the PAP signals that Vegas sends out.
Where can I learn more about Price Action like those in James16 charts? 9 replies
Quoting garciaalDislikedI wasn't very clear with my question. subscribe to the PAP signals that Vegas sends out.Ignored
Quoting dofDislikedHi James,
How many subscribers do you have so far? How many trades until now, and what's the score?
Maybe I'll join soon, do you do a trial or something like that?Ignored
Quoting james16Dislikedhello dof, most of our subscribers were there before we offered the signals. the vegas signals are a very small part of the forum. charles ( dialist) handles the vegas stuff and you can email him with any questions. thanks, jimIgnored
Quoting carlmaldenDislikedJames16,
Can you or someone help me to understand in a nutshell why I should look at bar charts?
I'm new to trading of late, and I am used to using line charts that simply extend in a horizontal and vertical direction simultanaeously with time. Bars seem to extend only vertically with time.
They have the little horizontal bars sticking out from them that tell something, but I'm not sure why this is better than looking at a line chart.
Any help is appreciated.
Thanks,
Carl MaldenIgnored
Quoting dofDislikedCandlesticks and bars are different, much different than line, line is simple. As a beginner you find candlestick or bars hard to read. Once you get used... you won't swich back to lines never again. They are giving you to much information, not using is like steeling from yourself.Ignored
Quoting carlmaldenDislikeddof and linc,
What time periods do you feel are the best times to trade at?
I have looked at 1 Min - day charts and I'm not sure which way
would be the best.
Also, is forex easier and more profitable than other trades, ie gold,
s&p mini, etc...
Thanks in advance for helping an amateur...Ignored
Quoting carlmaldenDislikeddof and linc,
One other thing. In looking at the day chart you sent, there would be no pin there, until some time had passed. ie. the trade could be done and passed by the time the pin has formed. if my assumptions are correct...?
Do you look for a signal before the pin has formed, or after a pin has formed?
Are Day pins better than Minute, Hour, Week, Month, etc....
How reliable is a trend? How long will minute, hour, day, week, month trends usually trend out?
I know this is a lot of info, but it could really help me learn these bar chart things easier......
Thanks again guys....
CarlIgnored
Quoting carlmaldenDislikedThanks WTB. You're right, I do need to do a lot of research. There is so much information, you could spend a lifetime devoted to research on the right methods etc..
That's why I joined here. I thought it might shorten the learning curve to talk with pros that are making money on Forex.
I first want to find out, HOW to make money on Forex. I have had some trades where I have made $2K, (Demo account) that could have gone to $10K...
I know that is not a continuous trade stream. But, with the right methods and discipline, I feel that I can make a good living doing this.
That's my goal. Make a good living doing this. I'm a programmer by trade and I do not want to go back to sitting in a cube for the last years of my life.
I want to profit from trading, and spend time with my family doing what matters most, Having a quality Life with those I Love.....
Anyway, those are my goals. I'm confident I can find helpful insight from you qualified veterans.
If anyone want to, can you tell me what kind of money can be expected in trading forex. ie. percent of return for a competent, disciplined trader?
Thanks,
CarlIgnored
Quoting nutmg12DislikedCarl,
James and Charles won't do it but I will. If you want to shorten your learning curve join the PF. The money is more than worth it. I have been studying FOREX for over a year now. I've only been in the PF for a Month. I could have saved 1000's of dollars if the PF was available when I started. You have an oppertunity to start with the support many of us didnt have. I recomend it to anyone who is serious about being sucessful in FOREX.
JoeIgnored