Dislikednot to mention the dude got struck by lighting! Prob can fly and other crazy sh*t! :Ignored
ROFL!!
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikednot to mention the dude got struck by lighting! Prob can fly and other crazy sh*t! :Ignored
Dislikeddear the_wizard,
care to elaborate your trading style/system? thanx beforeIgnored
Dislikeddear the_wizard,
care to elaborate your trading style/system? thanx beforeIgnored
Quoting BeachBumDislikedwiz..............here's the first trader who thinks "2000% in three months" sounds REAL GOOD!
PS.............could you forward me a custom indicator and EA for your system. Thanks!Ignored
Quoting mbqb11DislikedNumbers like that draw people, and would immediately draw some individuals to go right for the 1 hour and take substantial risks.Ignored
Dislikeddear the_wizard,
care to elaborate your trading style/system? thanx beforeIgnored
DislikedOh no, Jim's not going to be happy when he reads this. I blame HipsterPipster, I deleted my original post and then she told me that the subscribers had been emailed it anyway...
Canaxis, to answer your question, I trade the setups Jim has taught us but I add in a few other things of my own. As explained above I have had over 3 years of experience (translate this as losing money) learning what works and what doesn't which means that I play the bars largely on instinct.Ignored
DislikedOh no, Jim's not going to be happy when he reads this. I blame HipsterPipster, as soon as I posted it I realised that it might be a mistake and deleted it and then she told me that the subscribers had been emailed it anyway...
Canaxis, to answer your question, I trade the setups Jim has taught us but I add in a few other things of my own. As explained above I have had over 3 years of experience (translate this as losing money) learning what works and what doesn't which means that I play the bars largely on instinct.Ignored
DislikedI believe it's gonna break to the upside.
Considering how far we've already moved against the USD for the day I wouldn't short anything with less than a big 4h PB and even then only on break and even then I'd have doubts.
We're all victims of our convictions. I spent 2 weeks trying to go long during the sideways / move down phase and paid in time and money, and you I believe are now trying to get the market to still go down.
We both have to move past some of our own stubborness I think
Attaching a way things could have gone by taking "all setups" on daily and not playing clever(not directed at anyone!) and closing, but allowing the stop / PA dictate things.
You'll see it gets very little profit initially, but what if any of the TL had broken down? You woulda been in all the way.
This is back to our old debate of closing out early vs letting it run even on risk of +0.Ignored
DislikedThis market is consolidating on the daily as we can see by your chart. Lower highs and higher lows. The swings are becomming shorter and shorter. Could be a great place to get in long on any remaining low swing.......if we get one. (Uneducated Fundie Moment) US home sales will most likely be crap as usual, unless people bit on the interest rate drop. But, long term in my opinion, it is only a bandaid.Ignored
DislikedThat, too
Cable retrying that trendline soon.....Tiki, quick, run for coverrrrrrrrrrrrrrrrrr
Hope he moved that stop to b/e soon enough..Ignored
DislikedLol wiz your answer should be go stand out in a lighting storm with a kite. One must get hit by lighting first! Man I am never gonna forget that about youIgnored
DislikedDoes this "generic answer" mean I won't be receiving my requested indicator and EA?............Ignored
DislikedI want to tell you folks something and this is a bit controversial. As much as I agree with Jim on pretty much everything there is one thing that bothers me and that is when he says "if you can't trade daily bars then don't bother going lower because if you can't make money on daily TF what makes you think you can do it on one hour?"
This sounds very reasonable but I tell you that when I trade daily, I get a few losses and a handful of breakevens and a few small wins. basically my account goes nowhere.
When i trade hourly, I make over 2,000% in three months.
I have thought about why this might be and it comes down to trade management.
But this is exactly what I said when I spoke of the difference between what I want to do and what I am good at doing. Because I tell you now I want to capture big moves in the market and hold positions that trend as some of you do very well (I keep thinking of Mikes Euro position) but I just can't seem to do it now.
When i trade hourly, it somehow feels right - I feel alert, in touch with the markets movement, precise. When I trade daily bars I just feel unsure of things.
So the whole point of this is to say that start on weekly and daily but if you can't do it, don't be afraid to try other timeframes (on demo of course) because since I started trading hourly I haven't looked back.Ignored
DislikedOh no, Jim's not going to be happy when he reads this. I blame HipsterPipster, as soon as I posted it I realised that it might be a mistake and deleted it and then she told me that the subscribers had been emailed it anyway...
Canaxis, to answer your question, I trade the setups Jim has taught us but I add in a few other things of my own that I have picked up over time. As explained above I have had over 3 years of experience (several blown accounts and countless thousands lost) learning what works and what doesn't which means that I play the bars largely on instinct.Ignored
DislikedYou guys don't get it
Don't you see the similarity
Lighting strike ----------- PIN BAR
HE has an edgeIgnored
DislikedYou guys don't get it
Don't you see the similarity
Lighting strike ----------- PIN BAR
HE has an edgeIgnored
DislikedJust so we are all on the same page, I have balls. Wiz Hipster.Ignored