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Attachments: The 100 and 200 Simple Moving Average
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The 100 and 200 Simple Moving Average

  • #41
  • May 17, 2007 1:44pm May 17, 2007 1:44pm
Quoting Stuartesque
SunTrader, I know you are against MAs, but if the institutional thing about 5,100 and 200 mentioned above is not a fact, then why do you think price bounces off these lines? You, the little guy does that?

OK then what about when it doesn't bounce? I guess that is when the big money decide not to let it bounce. Hmmm.

The number one category of trader type in the big money arena is trend following. And yes there are some that use MA's for this. But just as many, or more probably, that use other techniques for entries and exits.

I am not looking to debate this. I just know from over the years reading many a trading book and a whole sh*tload of profiles/interviews in trading magazines that there is not "one size fits all" in analysis by the big guys.
  • #42
  • May 17, 2007 4:15pm May 17, 2007 4:15pm
1. pick a good ma.

2. wait for price to get to it.

3. learn simple price action analysis and wait patiently for a set up to form. if it doesnt dont trade.

4. price is king folks, learn it and you shall prosper.
  • #43
  • May 17, 2007 4:24pm May 17, 2007 4:24pm
Quoting james16
1. pick a good ma.

2. wait for price to get to it.

3. learn simple price action analysis and wait patiently for a set up to form. if it doesnt dont trade.

4. price is king folks, learn it and you shall prosper.
Hallelujah...
  • #44
  • May 17, 2007 5:32pm May 17, 2007 5:32pm
what are you at this month peter? around 30 wins to 1 loss? LOL.

jim
Quoting PeterFM
Hallelujah...
  • #45
  • May 17, 2007 5:51pm May 17, 2007 5:51pm
Quoting james16
what are you at this month peter? around 30 wins to 1 loss? LOL.

jim
Hi James,{Jim, if I may}
After having been bilked by a few shylocks in the 80's & 90's, I became gun shy and thought I might as well figure it for myself. Haven't done too bad actually. I haven't paid anyone anything toward the so called FX Highway Toll fee.

BUT

It is so very obvious that {even though I frequent a few other fx forums} there has Never been a bad word posted against your method.

I know I could simply click on a few Member's signatures and possibly get this information but I would actually prefer you post it here {Mods willing}

Cost/annum {month}
Access to threads chaired by?
Duration of existance of above threads?
Method of payment.
Method of exit.

to all others. I feel it is important to mention that I have never been associated with nor solicited to be a part of, James' group.
  • #46
  • May 17, 2007 6:12pm May 17, 2007 6:12pm
Quoting james16
what are you at this month peter? around 30 wins to 1 loss? LOL.

jim
Month to date (closed trades)
Trades - 53
Profit trades - 50 (94.34%)
Loss trades - 3 (5.66%)
Bummer
  • #47
  • May 17, 2007 6:21pm May 17, 2007 6:21pm
Quoting Bemac
It is so very obvious that {even though I frequent a few other fx forums} there has Never been a bad word posted against your method.
to all others. I feel it is important to mention that I have never been associated with nor solicited to be a part of, James' group.
I know you want Jim to respond, and no doubt he will, but in case he prefers to PM you, I'll give a little insight for the rest of us.
There is no method, as such, and I'm sure that from what I've seen of your approach to trading, it is quite complementary.
The things I've taken from Jim, and much can be gained from the public thread, is how to read a chart, find the clues that should be used as guidance, eliminate the indicator overload so prevelant amongst newbies and how to develop a more selective approach to trading.
You already have an enormous fund of trading skills, and although it would be crass to say there is little more that you could learn, Jim's great strength is taking virgins like me and saving our backsides from the punishment that the market is waiting to hand out to us.
  • #48
  • May 17, 2007 6:31pm May 17, 2007 6:31pm
Quoting PeterFM
I know you want Jim to respond, and no doubt he will,
You already have an enormous fund of trading skills, and although it would be crass to say there is little more that you could learn, Jim's great strength is taking virgins like me and saving our backsides from the punishment that the market is waiting to hand out to us.
Peter, I have Never met a knowledgeable Trader I didn't want to learn from. Similar or otherwise.
Can I assume that
a) James will not be responding to this post, Or that
b) perhaps he hasn't seen it yet?
Posted May17/07

OR

C) Just because I first Traded over 30 years ago, doesn't mean I know it all. !
  • #49
  • May 17, 2007 6:31pm May 17, 2007 6:31pm
yeah i know that about you B and i admire the hell out of you for it. one of the reasons i have kind of dissapeared from the public side except for my chart thread is concern over people thinking im just posting to get subs. its been a sad time for me actually.

time after time ive wanted to get involved with a discussion and deleted the post before submitting for this reason. perhaps im overly concerned but it is what it is. if im going to get plugged back in to the public side i think the best thing for my peace of mind is to not say much of anything about the group and just be myself.

if folks are interested in our group they can always find us or send me an email or pm. staying obscure was my intent but someone put us up at forex bastards and now the cats out of the bag. not complaining it was a kind gesture but i consider it pressure. the group is my hobby not a business and i dont do hobbies with pressure.

thanks for giving me a segway to share these thoughts B,

jim

Quoting Bemac
Hi James,{Jim, if I may}
After having been bilked by a few shylocks in the 80's & 90's, I became gun shy and thought I might as well figure it for myself. Haven't done too bad actually. I haven't paid anyone anything toward the so called FX Highway Toll fee.

BUT

It is so very obvious that {even though I frequent a few other fx forums} there has Never been a bad word posted against your method.

I know I could simply click on a few Member's signatures and possibly get this information but I would actually prefer you post it here {Mods willing}

Cost/annum {month}
Access to threads chaired by?
Duration of existance of above threads?
Method of payment.
Method of exit.

to all others. I feel it is important to mention that I have never been associated with nor solicited to be a part of, James' group.
  • #50
  • May 17, 2007 7:01pm May 17, 2007 7:01pm
James, At minimal, you are a stand above guy./
"one of the reasons i have kind of dissapeared from the public side except for my chart thread is concern over people thinking im just posting to get subs.

"Make me Rich Quick or I give the Job to someone else."

Y'know what,? the tried & true will be around forever ner they suffer the slings and arrows of those that are among them. {I just typed. the words are from the keyboard}

AND

Given the opportunity {nea, request} to tell me where to send my money; YOU Refused to take it.

Kudos Jim. I vote you Echelon 1.
  • #51
  • May 17, 2007 7:06pm May 17, 2007 7:06pm
probably wont ever get the chance but i think i would enjoy a nice pub and 4 to 6 cold dark beers with you B. thats where im headed right now. not a pub but my recliner, a cold frosty mug and a baseball game.

jim

Quoting Bemac
James, At minimal, you are a stand above guy./
"one of the reasons i have kind of dissapeared from the public side except for my chart thread is concern over people thinking im just posting to get subs.

"Make me Rich Quick or I give the Job to someone else."

Y'know what,? the tried & true will be around forever ner they suffer the slings and arrows of those that are among them. {I just typed. the words are from the keyboard}

AND

Given the opportunity {nea, request} to tell me where to send my money; YOU Refused to take it.

Kudos Jim. I vote you Echelon 1.
  • #52
  • May 19, 2007 1:03am May 19, 2007 1:03am
Thanks everyone for your participation in this thread. Good knowledge sharing.
  • #53
  • May 19, 2007 4:19am May 19, 2007 4:19am
Quoting SunTrader
What FACT. Some probably do and some probably don't. What kind of fact is that.
Just like Fib levels, or round numbers, or trendlines or candlestick formations. You dont need the whole world to use one very tool to make it useful, just a healthy number of them.

I repeat, I do know that many large players follow 50 and 100 SMAs in their chart analysis. One of them told me, and told me that many of his colleagues kept an eye on them too.
  • #54
  • May 20, 2007 5:22am May 20, 2007 5:22am
I agree with you wholeheartedly. You can't expect the whole world to follow the same indicator.
  • #55
  • Nov 22, 2008 10:47am Nov 22, 2008 10:47am
Quoting james16
i dont have near the time to post on the public side like i did a couple of years ago but im trying to get plugged back in. everything i tell people is from 25 years of hard experience. i try to keep a low profile and the last thing i ever want to do is seem like i know it all. I DONT. all i can do is tell you the truth as i see it. this is a business and if you dont treat it like one you will regret it. if you want to treat it like a business then you need a business plan and use some common sense. for example.

1. if you cant trade weekly charts...
I now read what was in my mind the last 2 years...thanks james
  • #56
  • Nov 22, 2008 1:44pm Nov 22, 2008 1:44pm


Quoting panos69
I now read what was in my mind the last 2 years...thanks james
  • #57
  • Oct 17, 2012 7:25am Oct 17, 2012 7:25am
Quoting james16
amazing discussion. after all those years i got something that i refer as ''GOLD".
"Taking Responsibility is The Cornerstone of A Winning Attitude"
  • #58
  • Feb 18, 2019 6:06pm Feb 18, 2019 6:06pm
Quoting james16
i dont have near the time to post on the public side like i did a couple of years ago but im trying to get plugged back in. everything i tell people is from 25 years of hard experience. i try to keep a low profile and the last thing i ever want to do is seem like i know it all. I DONT. all i can do is tell you the truth as i see it. this is a business and if you dont treat it like one you will regret it. if you want to treat it like a business then you need a business plan and use some common sense. for example. 1. if you cant trade weekly charts...
Thanks
  • #59
  • Feb 21, 2019 10:37am Feb 21, 2019 10:37am
Quoting Stuartesque
I agree with you wholeheartedly. You can't expect the whole world to follow the same indicator.
That’s true. I’m getting good result by using EMA20 that’s doesn’t mean, you’ll have the same experience with that tool.
  • #60
  • Last Post: Jan 4, 2020 5:34am Jan 4, 2020 5:34am
Thursday night, I used the 100sma and mystockrsi on H1 timeframe and made $87 dollars from eur/use cross on the 100sma.
However, I do feel that the 100sma picked the trade very late. Is there any sma or email that would have picked the trade earlier?
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