Yet another pivotal point to my trading career. | Forex Factory

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Yet another pivotal point to my trading career.

  • #1
  • First Post: Jul 15, 2008 11:23am Jul 15, 2008 11:23am
I've just watched a video made my Mike (mbqb11 here on the factory) on www.james16group.com discussing bars in good places. I would like to commend you, Mike, for making that video. It was perfect and I would recommend everyone to watch it. So thanks again for taking the time out of your day to be of a help to me and so many others. Your a good dude and I appreciate it.

This wasn't a promo as it's in the guest section of the site. I think I may finally join up after saying I would for so long lol
I dream, therefore I become.
  • #2
  • Jul 15, 2008 11:45am Jul 15, 2008 11:45am
Hey man you just made my week

And don't thank me, thank the big guy himself James I would be no where without him


Thanks Mike

From Mike LOL
  • #3
  • Jul 15, 2008 12:07pm Jul 15, 2008 12:07pm
Quoting mbqb11
Hey man you just made my week

And don't thank me, thank the big guy himself James I would be no where without him


Thanks Mike

From Mike LOL
If I made your week with that, then I could really say you made my year. haha

I honestly never realized how many trades I've made off of bars that were in the middle of a congestion area all the while considering them to be good pin bars. Yeah, for the most part, they work out anyways but that's a risk- A risk that nobody should be willing to take if they are serious about their career.
Man, I'm honestly kicking myself for just finding that. I really can't tell you how many trades I've taken in shit spots only to find that a later entry would have been best after we got out of those zones.
Like you put it, I'd rather play the breakout than a bar inside of it. That was kind of like the gbp/jpy this morning, easiest breakout I've seen for a while. The thing is, I wouldn't have even been looking for that a while ago, I would have just been looking for a single bar inside. So yet again, thanks. You have no idea.

As for thanking James, I couldn't stress that enough as it is. In the chart thread, there was one particular post showing how much one of his trades was worth. That's the sole reason that I didn't give up in my first year of this while I was still completely incompetent. I've gained a little bit of knowledge, not a lot yet- that takes quite a bit of time, but I still look back to that post and realize that I'll be there soon enough making ridiculous profits (if you'll go through and read to that post, you'll know what I mean by ridiculous profits) and wishing I knew now what I will then.
I dream, therefore I become.
  • #4
  • Jul 15, 2008 12:11pm Jul 15, 2008 12:11pm
People, do yourself a favor and watch that video. I promise you will not be wasting your time. It is in your own best personal interest.
I dream, therefore I become.
  • #5
  • Jul 15, 2008 1:57pm Jul 15, 2008 1:57pm
It was one of the first videos I watched after joining the PF last week and it made me convinced that I've made the right decision.

The amount of information thrown at a newbie can be overwhelming so the videos are a welcome break from the endless ploughing through the threads on FF looking for gold.

I echo Mike W's recommendation. (Other) Mike's a great teacher.

Maybe we'll see you in the PF soon Mike W.
  • #6
  • Jul 15, 2008 2:04pm Jul 15, 2008 2:04pm
can anyone please post the link to that video ??
  • #7
  • Jul 15, 2008 2:27pm Jul 15, 2008 2:27pm
Dont have an exact link but you should be able to find it (and other useful items) here:

http://www.james16group.us


Aga
  • #8
  • Jul 16, 2008 6:10am Jul 16, 2008 6:10am
excellent video! WOW this guy is a genius, i had several questions regarding PB setups and mbqb11 you have taken care of all of them and your way to teach us all through a proper audio visual rather than a long boring post somewhere in the corner of this forum was highly appreciated...God bless you!

and Mike thanks to you too for recommending it to all of us here!

Regards,
Ghous.
I believe . . .
  • #9
  • Jul 17, 2008 5:28pm Jul 17, 2008 5:28pm
watching the video right now.

You sound like Vin Diesel.
  • #10
  • Jul 17, 2008 6:08pm Jul 17, 2008 6:08pm
I'm really glad that I found this thread. I have been thinking about joining James16 PF but this thread has given me confirmation that I am headed in the right direction by doing so. Thanks, Mike, you just made my day too!
  • #11
  • Jul 17, 2008 6:31pm Jul 17, 2008 6:31pm
Quoting renegade7
watching the video right now.

You sound like Vin Diesel.
LOL


thanks for the nice comments everyone, glad it can help
  • #12
  • Jul 17, 2008 6:46pm Jul 17, 2008 6:46pm
I've been trading for ten years now and THIS type of vid is one of the most straightforward and well done I've seen. No BS and good useful information about trading price action, which is what its all about. You've got a great style as well. Nicely done! Also, this type of trading is easily applied to faster timeframes. PInbars are a huge part of my trading as well, though I do like them when acompanied by divergence and other factors. But in the end, its all about the psychology that's going on with these bars. Kudos to you, Sir.

-Liz
There's always money in the banana stand.
  • #13
  • Jul 17, 2008 6:58pm Jul 17, 2008 6:58pm
Quoting mbqb11
LOL


thanks for the nice comments everyone, glad it can help
I was going to PM you but I figure since there's already a thread marking you as the Adonis of forex videos, I might as well chime in.

Yea, honestly...it was top notch. Those little tangents you love to go off on are informational and that's the most important part. If you want to get some more stuff up for all to see I will most definitely love to take a look.

PM me with details on any other videos you've done / have in the works.
  • #14
  • Jul 17, 2008 7:36pm Jul 17, 2008 7:36pm
Quoting renegade7
I was going to PM you but I figure since there's already a thread marking you as the Adonis of forex videos, I might as well chime in.

Yea, honestly...it was top notch. Those little tangents you love to go off on are informational and that's the most important part. If you want to get some more stuff up for all to see I will most definitely love to take a look.

PM me with details on any other videos you've done / have in the works.
Thanks again guys, a lot of times I feel like I am just rambling away so its nice to get the feedback. I have done a lot more videos inside the PF. I will have to get another one up on the guest page. Even if you are not a member I am always around to help so shoot me a PM anytime.


Thanks again

Mike
  • #15
  • Jul 17, 2008 7:43pm Jul 17, 2008 7:43pm
Quoting Agaden
Dont have an exact link but you should be able to find it (and other useful items) here:

http://www.james16group.us


Aga
I cant find the video. I much want to see it. I soory my english not so good.
My english not so good. I soory.
  • #16
  • Edited Jul 18, 2008 12:22am Jul 17, 2008 7:44pm | Edited Jul 18, 2008 12:22am
Quoting ingvardagmar
I cant find the video. I much want to see it. I soory my english not so good.
It is under the guest section - guest material

http://www.james16group.us
  • #17
  • Jul 17, 2008 7:46pm Jul 17, 2008 7:46pm
Quoting LizardGizzard
I've been trading for ten years now and THIS type of vid is one of the most straightforward and well done I've seen. No BS and good useful information about trading price action, which is what its all about. You've got a great style as well. Nicely done! Also, this type of trading is easily applied to faster timeframes. PInbars are a huge part of my trading as well, though I do like them when acompanied by divergence and other factors. But in the end, its all about the psychology that's going on with these bars. Kudos to you, Sir.

-Liz
10 years, you got me doubled! That means a lot coming from a vet.

Yes a lot of the members use divergence along with price action. James loves divergence + double bottom/tops and PA. Money in the bank

Thanks again Liz
  • #18
  • Last Post: Jul 17, 2008 7:49pm Jul 17, 2008 7:49pm
Thanks, Mike. In my ten years, I had a lot of hard learning to do on my own, and your site would've been a real boon. I was lured in by Ken Roberts. ;-) Ha. Just watched Fijitrader's vid as well. Love the green screen and SFX. I'm not a member of your site, but judging just from the guest section, it really looks like one of the best no BS sites around for beginners and all else. Best of luck with it. With so many crap sites, its nice to see some real traders putting out good material. Great practical advice for newbies is hard to come by. If only traders would stop making predictions and looking for Holy Grail indicators, they might realize that the proper utilization of price action and sound money management is all you need. This truly is the new gold rush.

-Liz
There's always money in the banana stand.
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